Skip to Content
Version 1.1 by Drunk Monkey on 2020-11-20 16:37
Show last authors
1 1
2 00:00:59,220 ~-~-> 00:01:01,440
3 ICT: Hello folks As ICT with the eighth
4
5 2
6 00:01:01,440 ~-~-> 00:01:03,300
7 and final installment in the scout
8
9 3
10 00:01:03,300 ~-~-> 00:01:06,690
11 sniper training series, this episode is
12
13 4
14 00:01:06,690 ~-~-> 00:01:09,930
15 going to be called escape and evasion.
16
17 5
18 00:01:10,320 ~-~-> 00:01:11,340
19 Now what it's going to be doing
20
21 6
22 00:01:11,340 ~-~-> 00:01:13,800
23 essentially is providing you a summary
24
25 7
26 00:01:13,830 ~-~-> 00:01:15,840
27 and an overview of what it is
28
29 8
30 00:01:15,840 ~-~-> 00:01:18,210
31 specifically that you should have
32
33 9
34 00:01:18,210 ~-~-> 00:01:20,370
35 gleaned going through each individual
36
37 10
38 00:01:20,370 ~-~-> 00:01:24,600
39 installment. Now, it's not my aim to
40
41 11
42 00:01:24,600 ~-~-> 00:01:28,770
43 produce additional technical concepts in
44
45 12
46 00:01:28,770 ~-~-> 00:01:31,320
47 this episode. In fact, what I've done
48
49 13
50 00:01:31,320 ~-~-> 00:01:33,780
51 was I forced you to spend six months if
52
53 14
54 00:01:33,780 ~-~-> 00:01:35,610
55 you do the calculations on your down
56
57 15
58 00:01:35,610 ~-~-> 00:01:37,620
59 there's, you'll see that we've spent six
60
61 16
62 00:01:37,620 ~-~-> 00:01:40,410
63 months from the initial installment to
64
65 17
66 00:01:40,410 ~-~-> 00:01:42,450
67 now this one being the last in the
68
69 18
70 00:01:42,450 ~-~-> 00:01:44,700
71 series to be released. Because what I
72
73 19
74 00:01:44,700 ~-~-> 00:01:46,560
75 did was I forced you to look at the
76
77 20
78 00:01:46,560 ~-~-> 00:01:49,260
79 console concepts over a period of time,
80
81 21
82 00:01:49,500 ~-~-> 00:01:52,260
83 okay, you have to have a sample set of
84
85 22
86 00:01:52,260 ~-~-> 00:01:54,120
87 looking at each individual component
88
89 23
90 00:01:54,120 ~-~-> 00:01:56,400
91 that was produced and released in
92
93 24
94 00:01:56,880 ~-~-> 00:01:59,970
95 modular form. Each episode had it in
96
97 25
98 00:02:00,000 ~-~-> 00:02:02,190
99 dividual premise in mind for you to
100
101 26
102 00:02:02,190 ~-~-> 00:02:05,190
103 study and utilize in your own exercise
104
105 27
106 00:02:05,190 ~-~-> 00:02:07,680
107 and training, so that way allows the
108
109 28
110 00:02:07,680 ~-~-> 00:02:10,530
111 individual viewers the time that's
112
113 29
114 00:02:10,530 ~-~-> 00:02:12,990
115 necessary to adopt the understanding
116
117 30
118 00:02:12,990 ~-~-> 00:02:15,750
119 that each component requires. Once we
120
121 31
122 00:02:15,750 ~-~-> 00:02:17,400
123 understand all the components
124
125 32
126 00:02:17,400 ~-~-> 00:02:20,250
127 collectively, okay and intimately on
128
129 33
130 00:02:20,280 ~-~-> 00:02:23,250
131 each component, once that's understood,
132
133 34
134 00:02:24,000 ~-~-> 00:02:26,850
135 then it's very easy for someone that's a
136
137 35
138 00:02:26,850 ~-~-> 00:02:29,040
139 mentor or a teacher to conceptualize it
140
141 36
142 00:02:29,160 ~-~-> 00:02:33,300
143 into a trading plan, or a process of
144
145 37
146 00:02:34,170 ~-~-> 00:02:37,290
147 engaging the market. So I guess it's a
148
149 38
150 00:02:37,290 ~-~-> 00:02:39,360
151 long way around saying you need to take
152
153 39
154 00:02:39,360 ~-~-> 00:02:41,070
155 the time to study each individual
156
157 40
158 00:02:41,070 ~-~-> 00:02:43,500
159 component. Know it intimately understand
160
161 41
162 00:02:43,500 ~-~-> 00:02:45,840
163 why it does what it's doing. Okay. And
164
165 42
166 00:02:45,840 ~-~-> 00:02:47,250
167 what am I referring to? Well, the time
168
169 43
170 00:02:47,250 ~-~-> 00:02:49,410
171 of day theory, okay, what happens
172
173 44
174 00:02:49,410 ~-~-> 00:02:52,380
175 between two o'clock and 5am New York
176
177 45
178 00:02:52,380 ~-~-> 00:02:54,750
179 time? Okay, during the London session,
180
181 46
182 00:02:55,080 ~-~-> 00:02:56,820
183 what do you typically see what type of
184
185 47
186 00:02:56,820 ~-~-> 00:03:00,900
187 price actions usually you characteristic
188
189 48
190 00:03:00,930 ~-~-> 00:03:03,840
191 of that time of day, the London clothes
192
193 49
194 00:03:04,050 ~-~-> 00:03:08,460
195 between 1500 and 1600 GMT. That time
196
197 50
198 00:03:08,460 ~-~-> 00:03:10,560
199 window typically, you know, produces
200
201 51
202 00:03:10,560 ~-~-> 00:03:12,780
203 something else in terms of price action
204
205 52
206 00:03:12,780 ~-~-> 00:03:14,820
207 that's very generic and repeats itself
208
209 53
210 00:03:14,820 ~-~-> 00:03:17,040
211 over and over and over again. The New
212
213 54
214 00:03:17,040 ~-~-> 00:03:21,090
215 York open, okay? 12 to 1400 GMT. Okay,
216
217 55
218 00:03:21,540 ~-~-> 00:03:23,580
219 what happens during that timeframe?
220
221 56
222 00:03:23,940 ~-~-> 00:03:26,790
223 Okay, on a daily basis, doing that over
224
225 57
226 00:03:26,790 ~-~-> 00:03:28,620
227 a period of time builds an
228
229 58
230 00:03:28,620 ~-~-> 00:03:32,070
231 understanding, again intimately on what
232
233 59
234 00:03:32,250 ~-~-> 00:03:34,560
235 each individual component of each
236
237 60
238 00:03:34,560 ~-~-> 00:03:36,720
239 installment that we produced and shared
240
241 61
242 00:03:36,720 ~-~-> 00:03:40,260
243 with you. So by having that amount of
244
245 62
246 00:03:40,260 ~-~-> 00:03:44,490
247 time and that exercise oriented approach
248
249 63
250 00:03:44,490 ~-~-> 00:03:46,950
251 to learning, hopefully you've done that.
252
253 64
254 00:03:47,310 ~-~-> 00:03:49,320
255 If you haven't, obviously, this episode
256
257 65
258 00:03:49,320 ~-~-> 00:03:52,560
259 will, more or less force you to go back
260
261 66
262 00:03:52,560 ~-~-> 00:03:55,170
263 through it again. Okay. And actually,
264
265 67
266 00:03:55,410 ~-~-> 00:03:57,420
267 it's in my intentions really to make a
268
269 68
270 00:03:57,420 ~-~-> 00:03:59,280
271 go through that series. One more time,
272
273 69
274 00:03:59,640 ~-~-> 00:04:01,890
275 and it's for YouTube views or
276
277 70
278 00:04:01,920 ~-~-> 00:04:03,600
279 statistics, you need to try to get more
280
281 71
282 00:04:03,600 ~-~-> 00:04:05,730
283 views because that's not my interest, I
284
285 72
286 00:04:05,730 ~-~-> 00:04:07,380
287 could get a handful of really
288
289 73
290 00:04:07,380 ~-~-> 00:04:09,660
291 exceptional traders, okay, that are
292
293 74
294 00:04:09,660 ~-~-> 00:04:11,760
295 consistently delivering the results that
296
297 75
298 00:04:11,760 ~-~-> 00:04:14,580
299 they aim for. That's my goal. You know,
300
301 76
302 00:04:14,580 ~-~-> 00:04:16,350
303 I don't monetize my videos, I'm not
304
305 77
306 00:04:16,350 ~-~-> 00:04:18,300
307 trying to get you know, hits or, or
308
309 78
310 00:04:18,300 ~-~-> 00:04:20,730
311 stats. So it's really the feedback,
312
313 79
314 00:04:21,000 ~-~-> 00:04:25,050
315 okay, that I get a high off of. So it's
316
317 80
318 00:04:25,050 ~-~-> 00:04:27,840
319 with really that I'm hoping that if this
320
321 81
322 00:04:27,840 ~-~-> 00:04:30,240
323 video series has been helpful to you, if
324
325 82
326 00:04:30,240 ~-~-> 00:04:32,070
327 it's insightful to us to help you build
328
329 83
330 00:04:32,070 ~-~-> 00:04:36,120
331 a foundation to price action analysis, I
332
333 84
334 00:04:36,120 ~-~-> 00:04:37,830
335 would love to have, you know, some
336
337 85
338 00:04:37,830 ~-~-> 00:04:40,650
339 feedback you can reach me at ICT at the
340
341 86
342 00:04:40,650 ~-~-> 00:04:43,950
343 inner circle trader comm it's really the
344
345 87
346 00:04:43,950 ~-~-> 00:04:45,720
347 driving force behind why I do what I do
348
349 88
350 00:04:45,780 ~-~-> 00:04:48,390
351 is I do not sell courses, I do not sell
352
353 89
354 00:04:48,390 ~-~-> 00:04:50,160
355 seminars, I do not sell books, I do not
356
357 90
358 00:04:50,160 ~-~-> 00:04:52,290
359 sell any information whatsoever. I do
360
361 91
362 00:04:52,290 ~-~-> 00:04:55,020
363 this because of just the sheer passion
364
365 92
366 00:04:55,050 ~-~-> 00:04:58,170
367 and sharing it. I'm successful in my own
368
369 93
370 00:04:58,170 ~-~-> 00:04:59,970
371 right so by sharing it, certainly not by
372
373 94
374 00:05:00,000 ~-~-> 00:05:01,770
375 take anything from me, but I certainly
376
377 95
378 00:05:01,770 ~-~-> 00:05:05,070
379 do enjoy and really get invigorated by
380
381 96
382 00:05:05,070 ~-~-> 00:05:08,070
383 the feedback of new developing traders
384
385 97
386 00:05:08,070 ~-~-> 00:05:09,480
387 or folks that have been trading for a
388
389 98
390 00:05:09,480 ~-~-> 00:05:12,090
391 long period of time that come on to the
392
393 99
394 00:05:12,090 ~-~-> 00:05:14,610
395 ICT concepts and it really gives a
396
397 100
398 00:05:14,850 ~-~-> 00:05:16,350
399 supercharged to their understanding and
400
401 101
402 00:05:16,350 ~-~-> 00:05:18,570
403 price action and hopefully, the results
404
405 102
406 00:05:18,570 ~-~-> 00:05:21,360
407 are, you know, positive. So let's get on
408
409 103
410 00:05:21,360 ~-~-> 00:05:22,950
411 to this presentation.
412
413 104
414 00:05:23,730 ~-~-> 00:05:24,930
415 Okay, so what it was, we're gonna
416
417 105
418 00:05:24,930 ~-~-> 00:05:26,310
419 be looking at in this presentation,
420
421 106
422 00:05:26,310 ~-~-> 00:05:27,930
423 we're gonna be covering Well, we're
424
425 107
426 00:05:27,930 ~-~-> 00:05:31,020
427 gonna be reviewing the series, okay, and
428
429 108
430 00:05:31,080 ~-~-> 00:05:33,630
431 basically going over what it is
432
433 109
434 00:05:33,630 ~-~-> 00:05:35,790
435 specifically that you as the viewer,
436
437 110
438 00:05:36,000 ~-~-> 00:05:39,150
439 okay, should have gleaned. Now, we're
440
441 111
442 00:05:39,150 ~-~-> 00:05:41,040
443 gonna be looking specifically at the ICT
444
445 112
446 00:05:41,040 ~-~-> 00:05:45,000
447 sniper series skill set. We have to
448
449 113
450 00:05:45,000 ~-~-> 00:05:46,560
451 understand that, you know, going through
452
453 114
454 00:05:46,560 ~-~-> 00:05:48,660
455 this video series, we've learned that
456
457 115
458 00:05:48,660 ~-~-> 00:05:51,210
459 the market moves only by means of large
460
461 116
462 00:05:51,210 ~-~-> 00:05:55,140
463 funds entering and exiting price seeks
464
465 117
466 00:05:55,200 ~-~-> 00:05:58,860
467 yield. So where yields are and where
468
469 118
470 00:05:58,950 ~-~-> 00:06:02,130
471 yields are Moving towards that is going
472
473 119
474 00:06:02,130 ~-~-> 00:06:04,140
475 to be a catalyst for where future price
476
477 120
478 00:06:04,140 ~-~-> 00:06:06,450
479 action will ensue. Okay, so you have to
480
481 121
482 00:06:06,450 ~-~-> 00:06:09,780
483 understand that price in itself isn't
484
485 122
486 00:06:09,780 ~-~-> 00:06:12,360
487 just simply moving around aimlessly,
488
489 123
490 00:06:12,540 ~-~-> 00:06:15,240
491 there is a driving force fundamentally.
492
493 124
494 00:06:15,390 ~-~-> 00:06:18,360
495 Okay, driving force behind price action.
496
497 125
498 00:06:18,750 ~-~-> 00:06:21,960
499 We cannot always discern what that is.
500
501 126
502 00:06:22,020 ~-~-> 00:06:24,090
503 Okay. There are fundamental traders that
504
505 127
506 00:06:25,620 ~-~-> 00:06:27,540
507 admittedly, they may be very, very
508
509 128
510 00:06:27,540 ~-~-> 00:06:28,980
511 astute in terms of the fundamentals, but
512
513 129
514 00:06:28,980 ~-~-> 00:06:32,250
515 me as a trader, I simply can't grasp
516
517 130
518 00:06:32,310 ~-~-> 00:06:35,490
519 fundamentals as a central tenant to my
520
521 131
522 00:06:35,490 ~-~-> 00:06:38,010
523 trading. So I rely on price action to
524
525 132
526 00:06:38,190 ~-~-> 00:06:40,560
527 convey those that are smarter than me in
528
529 133
530 00:06:40,560 ~-~-> 00:06:42,300
531 that realm. Okay, because large funds
532
533 134
534 00:06:42,300 ~-~-> 00:06:45,000
535 and, and banks are more in tune with the
536
537 135
538 00:06:45,000 ~-~-> 00:06:47,370
539 fundamentals and the drivers behind the
540
541 136
542 00:06:47,370 ~-~-> 00:06:49,860
543 currency exchange. I allow them to
544
545 137
546 00:06:50,310 ~-~-> 00:06:51,630
547 pretty much leave their footprint in the
548
549 138
550 00:06:51,630 ~-~-> 00:06:53,280
551 sand and then if they're doing something
552
553 139
554 00:06:53,280 ~-~-> 00:06:54,690
555 specific, I'm going to be looking to
556
557 140
558 00:06:54,690 ~-~-> 00:06:56,970
559 follow suit, okay. So it removes all the
560
561 141
562 00:06:56,970 ~-~-> 00:07:01,080
563 necessity of being a genius. We do not
564
565 142
566 00:07:01,080 ~-~-> 00:07:03,630
567 look to predict price moves. Okay, we
568
569 143
570 00:07:03,630 ~-~-> 00:07:05,460
571 rather wait for smart money to move
572
573 144
574 00:07:05,460 ~-~-> 00:07:07,860
575 price initially, that's going to help
576
577 145
578 00:07:07,890 ~-~-> 00:07:11,130
579 you hone the skill of patience. And if
580
581 146
582 00:07:11,130 ~-~-> 00:07:13,020
583 you understand what that footprint looks
584
585 147
586 00:07:13,020 ~-~-> 00:07:14,370
587 like, and we talked about that in
588
589 148
590 00:07:14,370 ~-~-> 00:07:17,520
591 several examples in the series, it
592
593 149
594 00:07:17,520 ~-~-> 00:07:20,670
595 allows you to simply wait for that, if
596
597 150
598 00:07:20,670 ~-~-> 00:07:21,300
599 you will,
600
601 151
602 00:07:21,690 ~-~-> 00:07:22,470
603 road sign,
604
605 152
606 00:07:22,589 ~-~-> 00:07:25,319
607 okay, because most individuals sit in
608
609 153
610 00:07:25,319 ~-~-> 00:07:26,399
611 front of the charts and you really have
612
613 154
614 00:07:26,399 ~-~-> 00:07:28,199
615 no idea what it is specifically looking
616
617 155
618 00:07:28,199 ~-~-> 00:07:30,569
619 for. But hopefully with this series, we
620
621 156
622 00:07:30,569 ~-~-> 00:07:33,059
623 have zeroed in on what specifically
624
625 157
626 00:07:33,209 ~-~-> 00:07:35,759
627 you're looking for that initial move
628
629 158
630 00:07:35,789 ~-~-> 00:07:37,499
631 that quick sudden move away from a
632
633 159
634 00:07:37,499 ~-~-> 00:07:39,869
635 particular price level that indicates
636
637 160
638 00:07:40,109 ~-~-> 00:07:42,329
639 fundamental flows being driven by
640
641 161
642 00:07:42,329 ~-~-> 00:07:44,189
643 institutional level trading, okay,
644
645 162
646 00:07:44,279 ~-~-> 00:07:46,049
647 retail trading cannot move the market.
648
649 163
650 00:07:46,799 ~-~-> 00:07:48,929
651 We are just little fleas on the big
652
653 164
654 00:07:48,929 ~-~-> 00:07:51,719
655 dogs. Okay, so if the dogs running,
656
657 165
658 00:07:51,989 ~-~-> 00:07:54,689
659 okay, hopefully we're on for the ride.
660
661 166
662 00:07:54,839 ~-~-> 00:07:56,039
663 And bottom line is we can just take a
664
665 167
666 00:07:56,039 ~-~-> 00:07:57,089
667 little bite here and there but
668
669 168
670 00:07:57,089 ~-~-> 00:07:58,559
671 ultimately we can't make the waves we
672
673 169
674 00:07:58,559 ~-~-> 00:08:02,339
675 just ride them Now the typical business
676
677 170
678 00:08:02,339 ~-~-> 00:08:03,569
679 model and trading is simply
680
681 171
682 00:08:04,409 ~-~-> 00:08:06,989
683 understanding that there's a generic
684
685 172
686 00:08:06,989 ~-~-> 00:08:09,779
687 price action theory that unfolds on a
688
689 173
690 00:08:09,779 ~-~-> 00:08:12,149
691 daily basis that goes over and over and
692
693 174
694 00:08:12,149 ~-~-> 00:08:14,249
695 over again between London to New York
696
697 175
698 00:08:14,249 ~-~-> 00:08:16,769
699 and London close. Okay. There's a small
700
701 176
702 00:08:16,769 ~-~-> 00:08:19,289
703 little pocket of action that goes on in
704
705 177
706 00:08:19,289 ~-~-> 00:08:21,329
707 Asia, but we didn't spend any time of
708
709 178
710 00:08:21,359 ~-~-> 00:08:23,789
711 any significance really, in that, but I
712
713 179
714 00:08:23,789 ~-~-> 00:08:26,189
715 do have a video dealing specifically
716
717 180
718 00:08:26,189 ~-~-> 00:08:27,419
719 with Asian trading. So if you look at
720
721 181
722 00:08:27,419 ~-~-> 00:08:29,249
723 that, on my YouTube channel, you can
724
725 182
726 00:08:29,249 ~-~-> 00:08:31,739
727 certainly glean what it is that's useful
728
729 183
730 00:08:31,739 ~-~-> 00:08:34,079
731 for that, that time window or kill zone,
732
733 184
734 00:08:35,009 ~-~-> 00:08:38,909
735 but specifically moves repeat in
736
737 185
738 00:08:38,939 ~-~-> 00:08:42,119
739 specific times of day and specific days
740
741 186
742 00:08:42,119 ~-~-> 00:08:44,459
743 of the week. And that phenomenon, again,
744
745 187
746 00:08:44,459 ~-~-> 00:08:47,219
747 is very generic. It's not attributed to
748
749 188
750 00:08:47,219 ~-~-> 00:08:48,869
751 any one author. It's not attributed to
752
753 189
754 00:08:48,869 ~-~-> 00:08:53,069
755 any one specific source. It's just a
756
757 190
758 00:08:53,069 ~-~-> 00:08:55,859
759 generic observation that I've made over
760
761 191
762 00:08:55,859 ~-~-> 00:08:57,809
763 the years and gleaning certain things
764
765 192
766 00:08:57,809 ~-~-> 00:09:00,389
767 from Larry Williams University. day of
768
769 193
770 00:09:00,389 ~-~-> 00:09:04,769
771 the week understanding with his bond and
772
773 194
774 00:09:04,769 ~-~-> 00:09:06,989
775 sap trading really gave me the insight
776
777 195
778 00:09:06,989 ~-~-> 00:09:08,999
779 to Hey, look, you know what? He's right.
780
781 196
782 00:09:09,149 ~-~-> 00:09:10,769
783 You know, because he mentioned in his
784
785 197
786 00:09:10,769 ~-~-> 00:09:13,829
787 teachings that, you know, humans, by far
788
789 198
790 00:09:13,829 ~-~-> 00:09:15,569
791 and large, were really good starters.
792
793 199
794 00:09:15,809 ~-~-> 00:09:18,629
795 Okay, but we really suck really, at, you
796
797 200
798 00:09:18,629 ~-~-> 00:09:21,659
799 know, finishing, okay. And we spent a
800
801 201
802 00:09:21,659 ~-~-> 00:09:23,729
803 lot of time throughout the week. Okay,
804
805 202
806 00:09:23,729 ~-~-> 00:09:26,099
807 China chase money. But as we get closer
808
809 203
810 00:09:26,099 ~-~-> 00:09:27,449
811 to Friday, when the markets are closing,
812
813 204
814 00:09:28,199 ~-~-> 00:09:31,529
815 our interest really wanes, and we we
816
817 205
818 00:09:31,559 ~-~-> 00:09:33,929
819 anticipate the weekend. So we spend the
820
821 206
822 00:09:33,929 ~-~-> 00:09:35,759
823 most time of our weekend studying,
824
825 207
826 00:09:35,759 ~-~-> 00:09:38,099
827 looking at the fundamental data, price
828
829 208
830 00:09:38,099 ~-~-> 00:09:39,449
831 charts, and we're all in a hurry to get
832
833 209
834 00:09:39,449 ~-~-> 00:09:41,549
835 ready to do something new for the new
836
837 210
838 00:09:41,549 ~-~-> 00:09:43,769
839 week. And that's why typically the
840
841 211
842 00:09:44,039 ~-~-> 00:09:46,049
843 weekly higher lows formed in the first
844
845 212
846 00:09:46,049 ~-~-> 00:09:47,759
847 couple days of the week and in the
848
849 213
850 00:09:47,759 ~-~-> 00:09:50,129
851 weekly range unfolds with that in mind.
852
853 214
854 00:09:50,999 ~-~-> 00:09:53,579
855 So we we learned that there's a specific
856
857 215
858 00:09:53,609 ~-~-> 00:09:55,559
859 generic business model that takes place
860
861 216
862 00:09:55,739 ~-~-> 00:09:57,899
863 and we understand how market makers deal
864
865 217
866 00:09:57,899 ~-~-> 00:10:02,489
867 within that overall price. Model long
868
869 218
870 00:10:02,489 ~-~-> 00:10:04,889
871 term higher timeframe charts illustrate
872
873 219
874 00:10:04,889 ~-~-> 00:10:07,649
875 to the direction of smart money. No
876
877 220
878 00:10:07,649 ~-~-> 00:10:09,779
879 smart money again, we've identified as
880
881 221
882 00:10:09,779 ~-~-> 00:10:12,029
883 the large funds, institutional banks,
884
885 222
886 00:10:13,679 ~-~-> 00:10:18,509
887 traders that have huge, huge accounts
888
889 223
890 00:10:18,539 ~-~-> 00:10:23,519
891 and large supplies of money to really
892
893 224
894 00:10:23,639 ~-~-> 00:10:28,049
895 cause these major shifts in price. We as
896
897 225
898 00:10:28,049 ~-~-> 00:10:30,359
899 traders, we and retail level we cannot
900
901 226
902 00:10:30,359 ~-~-> 00:10:33,149
903 cause these major price spikes, okay?
904
905 227
906 00:10:33,209 ~-~-> 00:10:35,159
907 It's just simply not enough of us. But
908
909 228
910 00:10:35,189 ~-~-> 00:10:40,019
911 when we have higher level entities,
912
913 229
914 00:10:40,049 ~-~-> 00:10:42,509
915 okay? They have really deep pockets when
916
917 230
918 00:10:42,509 ~-~-> 00:10:45,449
919 they do exchange transactions in the
920
921 231
922 00:10:45,449 ~-~-> 00:10:48,059
923 marketplace. They can't hide that. Okay,
924
925 232
926 00:10:48,059 ~-~-> 00:10:50,159
927 so there's a very, very telling
928
929 233
930 00:10:51,449 ~-~-> 00:10:53,909
931 footprint, okay, left in the charts if
932
933 234
934 00:10:53,909 ~-~-> 00:10:55,169
935 you understand what it is you're looking
936
937 235
938 00:10:55,169 ~-~-> 00:10:57,959
939 for. It really tips the cards and let
940
941 236
942 00:10:57,959 ~-~-> 00:11:02,099
943 you know what it is they're doing. Smart
944
945 237
946 00:11:02,099 ~-~-> 00:11:05,069
947 Money or large funds are not scalpers.
948
949 238
950 00:11:05,189 ~-~-> 00:11:07,439
951 Okay, they require and produce sustained
952
953 239
954 00:11:07,439 ~-~-> 00:11:10,679
955 moves. So that's, that was hopefully one
956
957 240
958 00:11:10,679 ~-~-> 00:11:13,529
959 of the main paradigm shifts that you
960
961 241
962 00:11:13,529 ~-~-> 00:11:15,419
963 encountered with this series because
964
965 242
966 00:11:15,899 ~-~-> 00:11:17,999
967 you're going to need the understanding
968
969 243
970 00:11:17,999 ~-~-> 00:11:20,399
971 of waiting for specific price action,
972
973 244
974 00:11:20,669 ~-~-> 00:11:22,949
975 okay to unfold before you take action on
976
977 245
978 00:11:22,949 ~-~-> 00:11:25,679
979 your retail account, because if you're a
980
981 246
982 00:11:25,679 ~-~-> 00:11:28,349
983 scalper and you don't understand the
984
985 247
986 00:11:28,349 ~-~-> 00:11:31,319
987 concepts of how large funds and order
988
989 248
990 00:11:31,319 ~-~-> 00:11:34,199
991 flows directly impact you as a trader,
992
993 249
994 00:11:34,679 ~-~-> 00:11:38,129
995 even as a scalper, you will fail, okay,
996
997 250
998 00:11:38,129 ~-~-> 00:11:39,359
999 you have to under have them you have to
1000
1001 251
1002 00:11:39,359 ~-~-> 00:11:42,209
1003 understanding that, you know, price has
1004
1005 252
1006 00:11:42,209 ~-~-> 00:11:45,539
1007 to move by a larger entity. And without
1008
1009 253
1010 00:11:45,539 ~-~-> 00:11:47,579
1011 that institutional quote unquote,
1012
1013 254
1014 00:11:47,759 ~-~-> 00:11:50,909
1015 sponsorships, I like to refer to as in
1016
1017 255
1018 00:11:50,909 ~-~-> 00:11:53,099
1019 price moves, you're simply going to not
1020
1021 256
1022 00:11:53,249 ~-~-> 00:11:55,439
1023 see the advancements in price that you
1024
1025 257
1026 00:11:55,499 ~-~-> 00:11:57,299
1027 can hope to make even as a scalper.
1028
1029 258
1030 00:11:57,780 ~-~-> 00:11:58,710
1031 So we
1032
1033 259
1034 00:11:59,280 ~-~-> 00:12:01,830
1035 we did a very in depth study of smart
1036
1037 260
1038 00:12:01,830 ~-~-> 00:12:05,070
1039 money and large funds and institutional
1040
1041 261
1042 00:12:05,070 ~-~-> 00:12:07,380
1043 level, order flow. So when you see that
1044
1045 262
1046 00:12:07,380 ~-~-> 00:12:09,330
1047 type of thing unfolding in your charts,
1048
1049 263
1050 00:12:09,570 ~-~-> 00:12:11,400
1051 you know, that's a green light go, you
1052
1053 264
1054 00:12:11,400 ~-~-> 00:12:12,840
1055 need to start following that market,
1056
1057 265
1058 00:12:12,930 ~-~-> 00:12:17,220
1059 okay? Now, trading environments where
1060
1061 266
1062 00:12:17,220 ~-~-> 00:12:18,930
1063 institutional flows move price
1064
1065 267
1066 00:12:19,319 ~-~-> 00:12:19,919
1067 will,
1068
1069 268
1070 00:12:20,070 ~-~-> 00:12:21,810
1071 as a direct result, make your equity
1072
1073 269
1074 00:12:21,810 ~-~-> 00:12:24,420
1075 rise, because you know that the market
1076
1077 270
1078 00:12:24,420 ~-~-> 00:12:27,360
1079 is predisposed to move on a grand scale,
1080
1081 271
1082 00:12:27,600 ~-~-> 00:12:30,390
1083 not minor static little short term blips
1084
1085 272
1086 00:12:30,390 ~-~-> 00:12:33,990
1087 and just static price action. That's not
1088
1089 273
1090 00:12:33,990 ~-~-> 00:12:36,660
1091 how you want to be trading. Even in any
1092
1093 274
1094 00:12:36,660 ~-~-> 00:12:38,190
1095 other asset class, not just simply an
1096
1097 275
1098 00:12:38,190 ~-~-> 00:12:41,760
1099 FX, you have to have that environment
1100
1101 276
1102 00:12:41,760 ~-~-> 00:12:44,550
1103 where things are moving. Okay. as
1104
1105 277
1106 00:12:44,550 ~-~-> 00:12:47,100
1107 traders, we need price movement. If if
1108
1109 278
1110 00:12:47,100 ~-~-> 00:12:48,960
1111 prices stagnant, there's a reason for
1112
1113 279
1114 00:12:48,960 ~-~-> 00:12:50,070
1115 that and we're going to talk more about
1116
1117 280
1118 00:12:50,070 ~-~-> 00:12:55,080
1119 that as we go. Quiet markets are quiet
1120
1121 281
1122 00:12:55,080 ~-~-> 00:12:57,510
1123 for fundamental reasons, specifically,
1124
1125 282
1126 00:12:57,780 ~-~-> 00:13:00,960
1127 dead money or street money. Invariably
1128
1129 283
1130 00:13:00,960 ~-~-> 00:13:04,200
1131 trade during these times, because they
1132
1133 284
1134 00:13:04,230 ~-~-> 00:13:06,390
1135 need to be doing something because they
1136
1137 285
1138 00:13:06,390 ~-~-> 00:13:08,010
1139 have no plan. They're like a dog in a
1140
1141 286
1142 00:13:08,010 ~-~-> 00:13:09,270
1143 meat market or nibbling on this and
1144
1145 287
1146 00:13:09,270 ~-~-> 00:13:13,080
1147 nibbling on that. We as specifically
1148
1149 288
1150 00:13:14,550 ~-~-> 00:13:17,190
1151 detail oriented traders, okay, very
1152
1153 289
1154 00:13:17,190 ~-~-> 00:13:20,580
1155 patient, very goal oriented. Okay, we
1156
1157 290
1158 00:13:20,580 ~-~-> 00:13:23,760
1159 are, we are trained to look for specific
1160
1161 291
1162 00:13:23,760 ~-~-> 00:13:25,920
1163 things in the marketplace. We don't
1164
1165 292
1166 00:13:25,920 ~-~-> 00:13:27,690
1167 simply go in there because we have time
1168
1169 293
1170 00:13:27,720 ~-~-> 00:13:29,250
1171 to sit in front of the computers to do
1172
1173 294
1174 00:13:29,250 ~-~-> 00:13:30,990
1175 some trading. We are looking for
1176
1177 295
1178 00:13:30,990 ~-~-> 00:13:32,580
1179 something specifically in the price
1180
1181 296
1182 00:13:32,580 ~-~-> 00:13:35,850
1183 charts before we even contemplate
1184
1185 297
1186 00:13:35,940 ~-~-> 00:13:38,460
1187 putting on a trade okay? And that's the
1188
1189 298
1190 00:13:38,460 ~-~-> 00:13:42,000
1191 divider between the stupid street money
1192
1193 299
1194 00:13:42,030 ~-~-> 00:13:46,050
1195 okay or the neophyte rookie traders that
1196
1197 300
1198 00:13:46,290 ~-~-> 00:13:47,970
1199 just because they read some website,
1200
1201 301
1202 00:13:48,000 ~-~-> 00:13:49,680
1203 okay, claiming to give you the
1204
1205 302
1206 00:13:49,680 ~-~-> 00:13:52,980
1207 introductory course on price and forex,
1208
1209 303
1210 00:13:53,340 ~-~-> 00:13:56,340
1211 that will not equate to success because
1212
1213 304
1214 00:13:56,340 ~-~-> 00:13:57,540
1215 there's a whole lot of other things that
1216
1217 305
1218 00:13:57,540 ~-~-> 00:14:00,960
1219 have to go on that dimension jority of
1220
1221 306
1222 00:14:01,020 ~-~-> 00:14:03,900
1223 teaching and resources on the internet
1224
1225 307
1226 00:14:04,050 ~-~-> 00:14:06,390
1227 simply do not have the understanding or
1228
1229 308
1230 00:14:06,870 ~-~-> 00:14:10,890
1231 the new the responsible nature and in
1232
1233 309
1234 00:14:10,890 ~-~-> 00:14:13,320
1235 revealing it to you, okay? So just
1236
1237 310
1238 00:14:13,320 ~-~-> 00:14:14,910
1239 simply because it's quiet and you think
1240
1241 311
1242 00:14:14,910 ~-~-> 00:14:16,950
1243 it's safe and your stop loss will be
1244
1245 312
1246 00:14:16,980 ~-~-> 00:14:18,060
1247 safe because it has been moving around
1248
1249 313
1250 00:14:18,060 ~-~-> 00:14:20,040
1251 that much think about as as a new trader
1252
1253 314
1254 00:14:20,040 ~-~-> 00:14:21,960
1255 when you first got involved. Fast
1256
1257 315
1258 00:14:21,960 ~-~-> 00:14:25,950
1259 markets are scary, right? Why? That's
1260
1261 316
1262 00:14:25,950 ~-~-> 00:14:28,080
1263 what you want as a trader, okay, you're
1264
1265 317
1266 00:14:28,080 ~-~-> 00:14:30,510
1267 in control of the risk, you're in
1268
1269 318
1270 00:14:30,510 ~-~-> 00:14:32,100
1271 control of the leverage. So a fast
1272
1273 319
1274 00:14:32,100 ~-~-> 00:14:34,140
1275 market can be tamed with your leverage.
1276
1277 320
1278 00:14:34,500 ~-~-> 00:14:39,060
1279 Okay? But quiet markets are basically
1280
1281 321
1282 00:14:39,720 ~-~-> 00:14:41,970
1283 just graveyards waiting for you to need
1284
1285 322
1286 00:14:41,970 ~-~-> 00:14:43,830
1287 to bury yourself in because you'll over
1288
1289 323
1290 00:14:43,830 ~-~-> 00:14:46,080
1291 trade them because even if, if it's
1292
1293 324
1294 00:14:46,080 ~-~-> 00:14:48,240
1295 small stuff that you think you're safe
1296
1297 325
1298 00:14:48,240 ~-~-> 00:14:51,270
1299 by implementing small stuff still get
1300
1301 326
1302 00:14:51,270 ~-~-> 00:14:53,160
1303 tripped if you're wrong. In 90% of the
1304
1305 327
1306 00:14:53,160 ~-~-> 00:14:54,600
1307 time, new traders have no idea what
1308
1309 328
1310 00:14:54,600 ~-~-> 00:14:56,580
1311 you're doing. And this static price
1312
1313 329
1314 00:14:56,580 ~-~-> 00:14:58,500
1315 action alone will come down and tag you
1316
1317 330
1318 00:14:58,500 ~-~-> 00:15:01,050
1319 out. But you are neutral. You're going
1320
1321 331
1322 00:15:01,050 ~-~-> 00:15:02,460
1323 to retreat a quiet market because you
1324
1325 332
1326 00:15:02,460 ~-~-> 00:15:03,690
1327 need to get that money back and the
1328
1329 333
1330 00:15:03,750 ~-~-> 00:15:05,430
1331 cycle repeats. And we talked about that
1332
1333 334
1334 00:15:05,430 ~-~-> 00:15:08,130
1335 type of thing. In this series, you
1336
1337 335
1338 00:15:08,160 ~-~-> 00:15:09,720
1339 require the professional trader,
1340
1341 336
1342 00:15:09,900 ~-~-> 00:15:12,570
1343 volatility. And volatility is the
1344
1345 337
1346 00:15:12,570 ~-~-> 00:15:14,400
1347 telltale sign that someone with more
1348
1349 338
1350 00:15:14,400 ~-~-> 00:15:16,530
1351 money than you is moving the market. And
1352
1353 339
1354 00:15:16,530 ~-~-> 00:15:18,000
1355 it's time to start paying attention to
1356
1357 340
1358 00:15:18,000 ~-~-> 00:15:21,990
1359 that particular asset class. Okay. price
1360
1361 341
1362 00:15:21,990 ~-~-> 00:15:24,480
1363 moves typically in an overall weekly
1364
1365 342
1366 00:15:24,480 ~-~-> 00:15:26,070
1367 direction, okay, and you want to be
1368
1369 343
1370 00:15:26,070 ~-~-> 00:15:28,230
1371 trading in that direction, whether
1372
1373 344
1374 00:15:28,230 ~-~-> 00:15:30,990
1375 you're short term day trading, or if
1376
1377 345
1378 00:15:30,990 ~-~-> 00:15:32,670
1379 you're looking like we teach in this
1380
1381 346
1382 00:15:32,670 ~-~-> 00:15:34,770
1383 series here, one shot one kill one
1384
1385 347
1386 00:15:34,770 ~-~-> 00:15:36,930
1387 weekly setup per week to build
1388
1389 348
1390 00:15:36,990 ~-~-> 00:15:40,080
1391 discipline to build, use skill set
1392
1393 349
1394 00:15:40,140 ~-~-> 00:15:43,200
1395 development, and understanding how the
1396
1397 350
1398 00:15:43,920 ~-~-> 00:15:47,070
1399 institutional in large order flows. Move
1400
1401 351
1402 00:15:47,070 ~-~-> 00:15:48,660
1403 the market and you can sit on your hands
1404
1405 352
1406 00:15:48,660 ~-~-> 00:15:50,970
1407 and wait for really these cherry setups
1408
1409 353
1410 00:15:50,970 ~-~-> 00:15:52,320
1411 where you just simply are just not
1412
1413 354
1414 00:15:53,040 ~-~-> 00:15:54,480
1415 you're not interested in all the little
1416
1417 355
1418 00:15:54,480 ~-~-> 00:15:55,650
1419 tiny minor moves. You just want
1420
1421 356
1422 00:15:55,650 ~-~-> 00:15:57,840
1423 something that's really locked for a
1424
1425 357
1426 00:15:57,960 ~-~-> 00:16:00,000
1427 high probability low risk option.
1428
1429 358
1430 00:16:02,670 ~-~-> 00:16:05,640
1431 dynamic and or explosive moves result
1432
1433 359
1434 00:16:05,640 ~-~-> 00:16:07,920
1435 from higher timeframe analysis and time
1436
1437 360
1438 00:16:07,920 ~-~-> 00:16:10,260
1439 and price theory. By coupling the higher
1440
1441 361
1442 00:16:10,260 ~-~-> 00:16:13,410
1443 timeframe analysis concepts and time
1444
1445 362
1446 00:16:13,410 ~-~-> 00:16:16,500
1447 price theory kill zones train day the
1448
1449 363
1450 00:16:16,500 ~-~-> 00:16:20,310
1451 weak premise you will have the
1452
1453 364
1454 00:16:20,310 ~-~-> 00:16:23,250
1455 ingredients for a very very dynamic
1456
1457 365
1458 00:16:23,910 ~-~-> 00:16:26,970
1459 price action based model of trading.
1460
1461 366
1462 00:16:30,059 ~-~-> 00:16:31,919
1463 Entering when markets move opposite to
1464
1465 367
1466 00:16:31,919 ~-~-> 00:16:34,439
1467 your intended trade is optimal. That's
1468
1469 368
1470 00:16:34,439 ~-~-> 00:16:36,509
1471 the premise behind the ICT optimal trade
1472
1473 369
1474 00:16:36,509 ~-~-> 00:16:39,509
1475 entry in the OTC he forces you to trade
1476
1477 370
1478 00:16:39,839 ~-~-> 00:16:41,909
1479 in the opposite direction of where you
1480
1481 371
1482 00:16:41,909 ~-~-> 00:16:43,679
1483 intend to profit from. Okay, you're
1484
1485 372
1486 00:16:43,679 ~-~-> 00:16:46,109
1487 selling during a rally you're buying
1488
1489 373
1490 00:16:46,109 ~-~-> 00:16:48,449
1491 during a decline. That's how that price
1492
1493 374
1494 00:16:48,449 ~-~-> 00:16:51,299
1495 pattern works. Because you're doing that
1496
1497 375
1498 00:16:51,599 ~-~-> 00:16:53,969
1499 you will overcome the dealer spread much
1500
1501 376
1502 00:16:53,969 ~-~-> 00:16:57,269
1503 more quickly and you'll be closer to
1504
1505 377
1506 00:16:57,269 ~-~-> 00:17:00,839
1507 your stop versus Waiting for the market
1508
1509 378
1510 00:17:00,839 ~-~-> 00:17:02,369
1511 to move. We're looking for what you
1512
1513 379
1514 00:17:02,369 ~-~-> 00:17:04,319
1515 think is confirmation. But it's moving
1516
1517 380
1518 00:17:04,319 ~-~-> 00:17:06,299
1519 farther away from where your intended
1520
1521 381
1522 00:17:06,299 ~-~-> 00:17:08,519
1523 stop loss placement should be, thereby
1524
1525 382
1526 00:17:08,519 ~-~-> 00:17:11,099
1527 requiring you to take on more risk, okay
1528
1529 383
1530 00:17:11,099 ~-~-> 00:17:14,969
1531 than necessary. So, we've learned that
1532
1533 384
1534 00:17:15,119 ~-~-> 00:17:16,589
1535 with a paradigm shift, looking at how
1536
1537 385
1538 00:17:16,589 ~-~-> 00:17:19,289
1539 the markets are ideally and optimally
1540
1541 386
1542 00:17:19,529 ~-~-> 00:17:22,139
1543 traded, when it's moving away from your
1544
1545 387
1546 00:17:22,139 ~-~-> 00:17:24,389
1547 intended trade direction, and it takes
1548
1549 388
1550 00:17:24,389 ~-~-> 00:17:27,749
1551 some skill set exercises that require
1552
1553 389
1554 00:17:27,749 ~-~-> 00:17:30,239
1555 you to be in the market, looking at how
1556
1557 390
1558 00:17:30,239 ~-~-> 00:17:32,159
1559 price moves on a lower timeframe,
1560
1561 391
1562 00:17:32,399 ~-~-> 00:17:33,149
1563 because it gives you several
1564
1565 392
1566 00:17:33,149 ~-~-> 00:17:34,859
1567 opportunities a couple times a day,
1568
1569 393
1570 00:17:35,189 ~-~-> 00:17:36,509
1571 where you can do these types of skill
1572
1573 394
1574 00:17:36,509 ~-~-> 00:17:38,729
1575 set exercises and see what it's like
1576
1577 395
1578 00:17:38,729 ~-~-> 00:17:41,279
1579 when you eat buying when it's a bearish
1580
1581 396
1582 00:17:41,279 ~-~-> 00:17:43,139
1583 candle. Okay, when two boldface bears
1584
1585 397
1586 00:17:43,139 ~-~-> 00:17:47,519
1587 candle, it takes some reverse thinking,
1588
1589 398
1590 00:17:47,699 ~-~-> 00:17:50,069
1591 okay, because it looks like it's gonna
1592
1593 399
1594 00:17:50,069 ~-~-> 00:17:51,689
1595 continue to go lower. And that's exactly
1596
1597 400
1598 00:17:51,689 ~-~-> 00:17:53,909
1599 what the myopic retail traders think.
1600
1601 401
1602 00:17:54,179 ~-~-> 00:17:56,009
1603 And those that continuously lose their
1604
1605 402
1606 00:17:56,009 ~-~-> 00:17:58,739
1607 shirt. You have learned how to think
1608
1609 403
1610 00:17:58,739 ~-~-> 00:18:00,689
1611 differently, your mindset has now been
1612
1613 404
1614 00:18:00,899 ~-~-> 00:18:02,849
1615 plugged into how smart money operates
1616
1617 405
1618 00:18:02,849 ~-~-> 00:18:04,559
1619 because they have to buy when prices go
1620
1621 406
1622 00:18:04,559 ~-~-> 00:18:06,599
1623 down and they sell when prices are going
1624
1625 407
1626 00:18:06,599 ~-~-> 00:18:11,189
1627 up. market makers generally price
1628
1629 408
1630 00:18:11,189 ~-~-> 00:18:13,319
1631 markets higher to sell into the rally.
1632
1633 409
1634 00:18:13,859 ~-~-> 00:18:15,599
1635 We understand that that's the market
1636
1637 410
1638 00:18:15,599 ~-~-> 00:18:18,599
1639 maker sell model by having that template
1640
1641 411
1642 00:18:18,599 ~-~-> 00:18:20,669
1643 in mind, we can understand that when
1644
1645 412
1646 00:18:20,669 ~-~-> 00:18:23,729
1647 price rallies okay and goes into a
1648
1649 413
1650 00:18:23,729 ~-~-> 00:18:26,639
1651 resistance level, the price model okay
1652
1653 414
1654 00:18:26,669 ~-~-> 00:18:28,949
1655 generically speaking if you will, will
1656
1657 415
1658 00:18:28,949 ~-~-> 00:18:33,599
1659 generally unfold as that graphic that I
1660
1661 416
1662 00:18:33,599 ~-~-> 00:18:36,239
1663 shared in the series, okay depicts okay
1664
1665 417
1666 00:18:36,239 ~-~-> 00:18:38,519
1667 and the same thing is said for a market
1668
1669 418
1670 00:18:38,519 ~-~-> 00:18:43,379
1671 maker by model. market makers will
1672
1673 419
1674 00:18:43,379 ~-~-> 00:18:45,389
1675 generally price markets lower to buy
1676
1677 420
1678 00:18:45,389 ~-~-> 00:18:49,139
1679 into that drop. So it gets back to the
1680
1681 421
1682 00:18:49,199 ~-~-> 00:18:52,619
1683 phone on perhaps that we do not. We
1684
1685 422
1686 00:18:52,619 ~-~-> 00:18:56,249
1687 don't chase price. Okay, we understand
1688
1689 423
1690 00:18:56,249 ~-~-> 00:18:58,379
1691 where price may be trying to get to and
1692
1693 424
1694 00:18:58,379 ~-~-> 00:18:59,969
1695 when it gets to specific price levels.
1696
1697 425
1698 00:19:00,269 ~-~-> 00:19:03,089
1699 Then Then and only is when we stock
1700
1701 426
1702 00:19:03,089 ~-~-> 00:19:05,549
1703 setups and price patterns to facilitate
1704
1705 427
1706 00:19:05,549 ~-~-> 00:19:06,959
1707 or execute a trade entry.
1708
1709 428
1710 00:19:07,830 ~-~-> 00:19:08,400
1711 We
1712
1713 429
1714 00:19:08,430 ~-~-> 00:19:11,100
1715 don't care if prices explosively move
1716
1717 430
1718 00:19:11,100 ~-~-> 00:19:14,280
1719 250 pips and our setup has moved, okay?
1720
1721 431
1722 00:19:15,060 ~-~-> 00:19:17,040
1723 Outside the parameters of potential
1724
1725 432
1726 00:19:17,040 ~-~-> 00:19:19,470
1727 entry, and price takes off and goes in
1728
1729 433
1730 00:19:19,560 ~-~-> 00:19:21,720
1731 and leaves us behind. We do not care
1732
1733 434
1734 00:19:21,720 ~-~-> 00:19:23,220
1735 about that because we understand that
1736
1737 435
1738 00:19:23,220 ~-~-> 00:19:25,320
1739 the premise that we use to trading
1740
1741 436
1742 00:19:25,620 ~-~-> 00:19:28,380
1743 repeats over and over and over again, we
1744
1745 437
1746 00:19:28,380 ~-~-> 00:19:29,910
1747 don't have to force yourself into a
1748
1749 438
1750 00:19:29,910 ~-~-> 00:19:31,440
1751 trade and we don't have to chase it and
1752
1753 439
1754 00:19:31,440 ~-~-> 00:19:33,270
1755 jump on board after it's done moved 40
1756
1757 440
1758 00:19:33,270 ~-~-> 00:19:36,150
1759 pips, there's no, there's no, there's no
1760
1761 441
1762 00:19:36,150 ~-~-> 00:19:37,800
1763 need for that. Okay. And hopefully this
1764
1765 442
1766 00:19:37,800 ~-~-> 00:19:40,200
1767 series has produced that mindset and you
1768
1769 443
1770 00:19:40,200 ~-~-> 00:19:43,170
1771 because if you're chasing price, you're
1772
1773 444
1774 00:19:43,170 ~-~-> 00:19:44,640
1775 looking through your counterweight very,
1776
1777 445
1778 00:19:44,640 ~-~-> 00:19:48,510
1779 very quickly. Now, significant price
1780
1781 446
1782 00:19:48,510 ~-~-> 00:19:50,520
1783 moves are typically seen immediately
1784
1785 447
1786 00:19:50,520 ~-~-> 00:19:53,550
1787 after stops are rated. Now, we've given
1788
1789 448
1790 00:19:53,550 ~-~-> 00:19:55,650
1791 you exercises to look for where clean
1792
1793 449
1794 00:19:55,650 ~-~-> 00:19:58,320
1795 levels are on your chart. If you see
1796
1797 450
1798 00:19:58,320 ~-~-> 00:20:00,960
1799 several times where Short term highs
1800
1801 451
1802 00:20:01,140 ~-~-> 00:20:03,390
1803 have made rallies up to a specific price
1804
1805 452
1806 00:20:03,390 ~-~-> 00:20:05,070
1807 level but neither one made of any
1808
1809 453
1810 00:20:05,070 ~-~-> 00:20:07,590
1811 significant sweep above the previous
1812
1813 454
1814 00:20:07,590 ~-~-> 00:20:10,230
1815 high. That is an indication of the
1816
1817 455
1818 00:20:10,230 ~-~-> 00:20:12,960
1819 levels to clean and folks that are
1820
1821 456
1822 00:20:13,380 ~-~-> 00:20:15,930
1823 trading that market they may sell into
1824
1825 457
1826 00:20:15,930 ~-~-> 00:20:18,360
1827 those highs, okay? And their stop loss
1828
1829 458
1830 00:20:18,450 ~-~-> 00:20:20,190
1831 orders would be just above those
1832
1833 459
1834 00:20:20,430 ~-~-> 00:20:22,620
1835 particular highs when you see that
1836
1837 460
1838 00:20:22,620 ~-~-> 00:20:24,510
1839 phenomenon and same thing is said for
1840
1841 461
1842 00:20:24,540 ~-~-> 00:20:27,210
1843 equal lows, okay, or double bottom lows,
1844
1845 462
1846 00:20:27,240 ~-~-> 00:20:29,310
1847 I don't like double bottoms because to
1848
1849 463
1850 00:20:29,310 ~-~-> 00:20:31,170
1851 me, they're just classic scenarios for
1852
1853 464
1854 00:20:31,200 ~-~-> 00:20:33,030
1855 folks to put their stops believe beneath
1856
1857 465
1858 00:20:33,030 ~-~-> 00:20:34,530
1859 it. And then what'll happen is you'll
1860
1861 466
1862 00:20:34,530 ~-~-> 00:20:38,100
1863 get a turtle soup, okay, or similar
1864
1865 467
1866 00:20:38,100 ~-~-> 00:20:40,860
1867 pattern like that where it will barely
1868
1869 468
1870 00:20:40,860 ~-~-> 00:20:43,140
1871 go down, Spike through it, rate it in
1872
1873 469
1874 00:20:43,260 ~-~-> 00:20:45,690
1875 very dramatically and dynamically run
1876
1877 470
1878 00:20:45,690 ~-~-> 00:20:48,120
1879 the other way. Okay, and when you see
1880
1881 471
1882 00:20:48,120 ~-~-> 00:20:50,760
1883 that happen, if you don't take action
1884
1885 472
1886 00:20:51,060 ~-~-> 00:20:52,830
1887 during the raid itself,
1888
1889 473
1890 00:20:53,129 ~-~-> 00:20:54,449
1891 okay, if you're not a student enough to
1892
1893 474
1894 00:20:54,449 ~-~-> 00:20:54,719
1895 know
1896
1897 475
1898 00:20:55,170 ~-~-> 00:20:57,750
1899 how to trade those raids, then you can
1900
1901 476
1902 00:20:57,750 ~-~-> 00:20:59,760
1903 simply wait for them to unfold and then
1904
1905 477
1906 00:21:00,000 ~-~-> 00:21:03,000
1907 Wait for the waterblock to be retested
1908
1909 478
1910 00:21:03,120 ~-~-> 00:21:04,800
1911 after that initial move up, because it's
1912
1913 479
1914 00:21:04,800 ~-~-> 00:21:06,420
1915 going to be the same thing that we look
1916
1917 480
1918 00:21:06,420 ~-~-> 00:21:09,120
1919 at as a classic price rally. We wait for
1920
1921 481
1922 00:21:09,120 ~-~-> 00:21:10,680
1923 the pullback and then we buy into it.
1924
1925 482
1926 00:21:11,400 ~-~-> 00:21:13,770
1927 And same thing said for a selling
1928
1929 483
1930 00:21:13,770 ~-~-> 00:21:19,530
1931 scenario. Now Fibonacci can be used in
1932
1933 484
1934 00:21:19,530 ~-~-> 00:21:22,110
1935 trade execution. And we use it for stock
1936
1937 485
1938 00:21:22,110 ~-~-> 00:21:25,260
1939 placement and target setting. Okay, and
1940
1941 486
1942 00:21:25,260 ~-~-> 00:21:27,480
1943 using the skill set exercises that we
1944
1945 487
1946 00:21:27,870 ~-~-> 00:21:30,960
1947 released in this series, there's nothing
1948
1949 488
1950 00:21:30,990 ~-~-> 00:21:32,910
1951 outside of that, that I do with
1952
1953 489
1954 00:21:32,910 ~-~-> 00:21:37,860
1955 Fibonacci that is necessity or necessary
1956
1957 490
1958 00:21:37,860 ~-~-> 00:21:39,810
1959 rather that you need to do with
1960
1961 491
1962 00:21:39,810 ~-~-> 00:21:40,890
1963 Fibonacci to make it any more
1964
1965 492
1966 00:21:40,890 ~-~-> 00:21:43,140
1967 complicated than it is. You're you're
1968
1969 493
1970 00:21:43,140 ~-~-> 00:21:45,480
1971 looking to find a pullback between the
1972
1973 494
1974 00:21:45,480 ~-~-> 00:21:48,180
1975 69 and 79% retracement levels. And
1976
1977 495
1978 00:21:48,390 ~-~-> 00:21:50,910
1979 hopefully that is an overlay of an order
1980
1981 496
1982 00:21:50,910 ~-~-> 00:21:52,980
1983 block within a higher timeframe
1984
1985 497
1986 00:21:52,980 ~-~-> 00:21:55,200
1987 directional premise, and it's simply
1988
1989 498
1990 00:21:55,200 ~-~-> 00:21:58,680
1991 that you just wait for that to unfold
1992
1993 499
1994 00:21:58,980 ~-~-> 00:22:00,870
1995 and you use your swing projections and
1996
1997 500
1998 00:22:00,870 ~-~-> 00:22:05,730
1999 your market structure to define highs
2000
2001 501
2002 00:22:05,730 ~-~-> 00:22:07,320
2003 and lows that you would look for
2004
2005 502
2006 00:22:07,920 ~-~-> 00:22:09,570
2007 extensions in your Fibonacci for price
2008
2009 503
2010 00:22:09,570 ~-~-> 00:22:13,650
2011 objectives. Okay. Now London open and
2012
2013 504
2014 00:22:13,680 ~-~-> 00:22:16,110
2015 New York open our ideal day trade
2016
2017 505
2018 00:22:16,110 ~-~-> 00:22:19,290
2019 sessions with unique traits. Typically,
2020
2021 506
2022 00:22:19,530 ~-~-> 00:22:21,240
2023 we learned that the Long Island has
2024
2025 507
2026 00:22:21,240 ~-~-> 00:22:22,830
2027 specific characteristics that's
2028
2029 508
2030 00:22:22,830 ~-~-> 00:22:25,650
2031 inherently directly related to the
2032
2033 509
2034 00:22:25,650 ~-~-> 00:22:28,230
2035 higher low of daily range. And the New
2036
2037 510
2038 00:22:28,230 ~-~-> 00:22:30,480
2039 York open typically has a specific
2040
2041 511
2042 00:22:30,480 ~-~-> 00:22:33,990
2043 characteristic that is in relationship
2044
2045 512
2046 00:22:33,990 ~-~-> 00:22:35,880
2047 to what takes place during the London
2048
2049 513
2050 00:22:35,880 ~-~-> 00:22:38,730
2051 open. And by specifically trading those
2052
2053 514
2054 00:22:38,730 ~-~-> 00:22:41,010
2055 time windows or ICT kill zones. You have
2056
2057 515
2058 00:22:41,010 ~-~-> 00:22:43,350
2059 the highest probability trade when
2060
2061 516
2062 00:22:43,350 ~-~-> 00:22:45,660
2063 specific market turning points take
2064
2065 517
2066 00:22:45,660 ~-~-> 00:22:49,110
2067 place. Now the majority of the daily
2068
2069 518
2070 00:22:49,110 ~-~-> 00:22:51,660
2071 range highs and or lows formed in
2072
2073 519
2074 00:22:51,660 ~-~-> 00:22:53,880
2075 specific time windows or what I commonly
2076
2077 520
2078 00:22:53,880 ~-~-> 00:22:58,050
2079 refer to as ICT, ICT kill zones. It's
2080
2081 521
2082 00:22:58,050 ~-~-> 00:23:00,270
2083 not enough simply because you have free
2084
2085 522
2086 00:23:00,270 ~-~-> 00:23:01,830
2087 time to sit in front of charts you
2088
2089 523
2090 00:23:01,830 ~-~-> 00:23:04,950
2091 expect price to move, you have to be on
2092
2093 524
2094 00:23:04,950 ~-~-> 00:23:08,880
2095 board and plugged in. When the players
2096
2097 525
2098 00:23:08,880 ~-~-> 00:23:11,940
2099 are on the on the playing field, if the
2100
2101 526
2102 00:23:11,940 ~-~-> 00:23:13,950
2103 banks are not looking to do anything
2104
2105 527
2106 00:23:14,250 ~-~-> 00:23:16,800
2107 transactionally the markets not going to
2108
2109 528
2110 00:23:16,800 ~-~-> 00:23:19,530
2111 be moving. And we've identified where
2112
2113 529
2114 00:23:19,530 ~-~-> 00:23:22,620
2115 they generally like to cluster in terms
2116
2117 530
2118 00:23:22,620 ~-~-> 00:23:25,020
2119 of volatility. We see a volatility
2120
2121 531
2122 00:23:25,020 ~-~-> 00:23:27,330
2123 injection in London open a volatility
2124
2125 532
2126 00:23:27,330 ~-~-> 00:23:29,580
2127 injection during the New York open and a
2128
2129 533
2130 00:23:29,580 ~-~-> 00:23:31,590
2131 volatility injection at the London close
2132
2133 534
2134 00:23:31,590 ~-~-> 00:23:33,990
2135 and very, very minor little movements in
2136
2137 535
2138 00:23:34,020 ~-~-> 00:23:38,790
2139 Asia. Okay, and we look for weekly
2140
2141 536
2142 00:23:38,790 ~-~-> 00:23:40,740
2143 setups that align with higher timeframe,
2144
2145 537
2146 00:23:41,280 ~-~-> 00:23:43,980
2147 timing price, at key support needless
2148
2149 538
2150 00:23:44,040 ~-~-> 00:23:46,920
2151 resistance levels so we understand how
2152
2153 539
2154 00:23:46,920 ~-~-> 00:23:48,030
2155 to look at higher time frame support
2156
2157 540
2158 00:23:48,030 ~-~-> 00:23:49,410
2159 resistance we understand how to break
2160
2161 541
2162 00:23:49,410 ~-~-> 00:23:51,300
2163 down the directional bias on the higher
2164
2165 542
2166 00:23:51,300 ~-~-> 00:23:53,220
2167 time frame dealing for our we understand
2168
2169 543
2170 00:23:53,220 ~-~-> 00:23:55,350
2171 how to look at specific times of the day
2172
2173 544
2174 00:23:55,500 ~-~-> 00:23:57,030
2175 and specific days of the week. We
2176
2177 545
2178 00:23:57,030 ~-~-> 00:23:58,830
2179 understand by blending all those things.
2180
2181 546
2182 00:23:58,860 ~-~-> 00:24:02,640
2183 That's what facilitate or defines a high
2184
2185 547
2186 00:24:02,640 ~-~-> 00:24:04,560
2187 probability, low risk trade.
2188
2189 548
2190 00:24:07,290 ~-~-> 00:24:07,920
2191 Lastly,
2192
2193 549
2194 00:24:08,879 ~-~-> 00:24:11,039
2195 trade with controlled risk management in
2196
2197 550
2198 00:24:11,039 ~-~-> 00:24:13,319
2199 equity management, always, it's not
2200
2201 551
2202 00:24:13,319 ~-~-> 00:24:15,569
2203 enough by having sound principle
2204
2205 552
2206 00:24:15,599 ~-~-> 00:24:17,459
2207 oriented trading concepts. It's not
2208
2209 553
2210 00:24:17,459 ~-~-> 00:24:19,709
2211 enough. If you over leveraged or if you
2212
2213 554
2214 00:24:19,709 ~-~-> 00:24:21,929
2215 over trade, you will blow your account.
2216
2217 555
2218 00:24:22,109 ~-~-> 00:24:24,479
2219 Okay? So it's important that you work
2220
2221 556
2222 00:24:24,479 ~-~-> 00:24:27,119
2223 within a demo account setting until
2224
2225 557
2226 00:24:27,119 ~-~-> 00:24:29,279
2227 you're absolutely 100% confident with
2228
2229 558
2230 00:24:29,279 ~-~-> 00:24:31,769
2231 your ability to stick to within a realm
2232
2233 559
2234 00:24:31,769 ~-~-> 00:24:33,659
2235 of rules and discipline oriented
2236
2237 560
2238 00:24:33,659 ~-~-> 00:24:36,989
2239 trading. Only then when you decide I
2240
2241 561
2242 00:24:36,989 ~-~-> 00:24:38,609
2243 can't define it for you. I'm not
2244
2245 562
2246 00:24:38,609 ~-~-> 00:24:40,619
2247 suggesting you should start trading live
2248
2249 563
2250 00:24:40,619 ~-~-> 00:24:43,259
2251 money until you yourself have assumed
2252
2253 564
2254 00:24:43,259 ~-~-> 00:24:45,869
2255 responsibility. You've assumed the
2256
2257 565
2258 00:24:45,899 ~-~-> 00:24:47,579
2259 understanding that's necessary for you
2260
2261 566
2262 00:24:47,579 ~-~-> 00:24:49,049
2263 as a trader, emotionally
2264
2265 567
2266 00:24:49,049 ~-~-> 00:24:50,939
2267 psychologically, before you place a
2268
2269 568
2270 00:24:50,939 ~-~-> 00:24:53,009
2271 single penny at risk in the marketplace.
2272
2273 569
2274 00:24:53,069 ~-~-> 00:24:55,679
2275 You need to define yourself as a trader,
2276
2277 570
2278 00:24:55,949 ~-~-> 00:24:57,059
2279 what specifically you're going to be
2280
2281 571
2282 00:24:57,059 ~-~-> 00:24:59,459
2283 doing okay and then when you understand
2284
2285 572
2286 00:24:59,459 ~-~-> 00:25:02,429
2287 that Even then still keep your risk
2288
2289 573
2290 00:25:02,429 ~-~-> 00:25:04,229
2291 exposure very very low.
2292
2293 574
2294 00:25:10,080 ~-~-> 00:25:12,540
2295 Okay what analysis and process is used
2296
2297 575
2298 00:25:12,540 ~-~-> 00:25:14,310
2299 to study the daily chart
2300
2301 576
2302 00:25:14,879 ~-~-> 00:25:15,959
2303 Okay, we're gonna be looking at the
2304
2305 577
2306 00:25:15,959 ~-~-> 00:25:17,819
2307 macro view on large funds
2308
2309 578
2310 00:25:17,820 ~-~-> 00:25:18,690
2311 and order flows.
2312
2313 579
2314 00:25:20,580 ~-~-> 00:25:22,470
2315 Now the ICT daily chart timeframe
2316
2317 580
2318 00:25:22,470 ~-~-> 00:25:24,300
2319 checklists now this is what you're doing
2320
2321 581
2322 00:25:24,570 ~-~-> 00:25:26,490
2323 okay when you first sit down at your
2324
2325 582
2326 00:25:26,520 ~-~-> 00:25:28,500
2327 your chart and you first begin your
2328
2329 583
2330 00:25:28,500 ~-~-> 00:25:30,210
2331 analysis on a particular pair or asset
2332
2333 584
2334 00:25:30,210 ~-~-> 00:25:30,990
2335 class if you will.
2336
2337 585
2338 00:25:32,250 ~-~-> 00:25:33,450
2339 You have your daily chart opened up,
2340
2341 586
2342 00:25:33,540 ~-~-> 00:25:33,930
2343 okay,
2344
2345 587
2346 00:25:34,050 ~-~-> 00:25:35,460
2347 what is it that you're supposed to be
2348
2349 588
2350 00:25:35,460 ~-~-> 00:25:36,360
2351 doing? Well, our
2352
2353 589
2354 00:25:36,750 ~-~-> 00:25:38,520
2355 concepts that we shared in this video
2356
2357 590
2358 00:25:38,520 ~-~-> 00:25:40,440
2359 series, okay teach us that the very
2360
2361 591
2362 00:25:40,440 ~-~-> 00:25:43,710
2363 first thing is that we look to see where
2364
2365 592
2366 00:25:43,710 ~-~-> 00:25:45,750
2367 yields are okay. Because the market
2368
2369 593
2370 00:25:45,750 ~-~-> 00:25:47,820
2371 seeks yield and where yields are
2372
2373 594
2374 00:25:47,820 ~-~-> 00:25:50,400
2375 supplied, there to is where price will
2376
2377 595
2378 00:25:50,400 ~-~-> 00:25:52,440
2379 draw to. Okay, and we understand that
2380
2381 596
2382 00:25:52,830 ~-~-> 00:25:57,900
2383 the 10 year German and the 10 year USD
2384
2385 597
2386 00:25:58,800 ~-~-> 00:26:02,910
2387 bond yields are useful, you can look at
2388
2389 598
2390 00:26:02,910 ~-~-> 00:26:03,300
2391 the
2392
2393 599
2394 00:26:05,220 ~-~-> 00:26:06,090
2395 European,
2396
2397 600
2398 00:26:07,290 ~-~-> 00:26:11,160
2399 UK rather 10 year bond yield as well.
2400
2401 601
2402 00:26:11,340 ~-~-> 00:26:12,690
2403 And when you start seeing these
2404
2405 602
2406 00:26:12,720 ~-~-> 00:26:15,720
2407 divergence as we discussed, okay, that's
2408
2409 603
2410 00:26:15,720 ~-~-> 00:26:17,280
2411 usually a telling sign that we're going
2412
2413 604
2414 00:26:17,280 ~-~-> 00:26:18,450
2415 to be seeing a shift.
2416
2417 605
2418 00:26:19,050 ~-~-> 00:26:20,730
2419 But if you are
2420
2421 606
2422 00:26:21,060 ~-~-> 00:26:23,190
2423 familiar with the futures market, you
2424
2425 607
2426 00:26:23,190 ~-~-> 00:26:26,430
2427 could look at the 10 year t note, okay
2428
2429 608
2430 00:26:26,430 ~-~-> 00:26:28,170
2431 and whatever the T note prices doing
2432
2433 609
2434 00:26:28,170 ~-~-> 00:26:29,640
2435 just that's going to be the opposite
2436
2437 610
2438 00:26:29,640 ~-~-> 00:26:31,590
2439 what yields are doing. So if t notes are
2440
2441 611
2442 00:26:31,590 ~-~-> 00:26:33,930
2443 going up, yields are going down, if t
2444
2445 612
2446 00:26:33,930 ~-~-> 00:26:35,700
2447 notes are going down, in the futures
2448
2449 613
2450 00:26:35,700 ~-~-> 00:26:37,350
2451 price, that means yields are going up,
2452
2453 614
2454 00:26:37,740 ~-~-> 00:26:40,110
2455 okay. And yields that go up will
2456
2457 615
2458 00:26:40,140 ~-~-> 00:26:43,500
2459 generally on a higher time frame basis
2460
2461 616
2462 00:26:43,800 ~-~-> 00:26:46,830
2463 will generally pull price up in the
2464
2465 617
2466 00:26:46,830 ~-~-> 00:26:49,260
2467 currency market. Okay? So it's always
2468
2469 618
2470 00:26:49,410 ~-~-> 00:26:52,590
2471 chasing yield yield. The yield itself is
2472
2473 619
2474 00:26:52,860 ~-~-> 00:26:55,320
2475 the directional premise you follow where
2476
2477 620
2478 00:26:55,320 ~-~-> 00:26:57,060
2479 the yield is, okay? Or if you want to
2480
2481 621
2482 00:26:57,060 ~-~-> 00:26:58,320
2483 use the futures market, it's going to be
2484
2485 622
2486 00:26:58,320 ~-~-> 00:27:00,000
2487 the opposite with a teenager doing quite
2488
2489 623
2490 00:27:03,060 ~-~-> 00:27:05,100
2491 Now seasonal tendencies are something
2492
2493 624
2494 00:27:05,100 ~-~-> 00:27:07,890
2495 that I consider, but they are not a
2496
2497 625
2498 00:27:07,890 ~-~-> 00:27:09,870
2499 panacea. They're not the be all end all.
2500
2501 626
2502 00:27:09,900 ~-~-> 00:27:12,390
2503 And they're no guarantee. No, I used
2504
2505 627
2506 00:27:12,390 ~-~-> 00:27:14,220
2507 them as I suggested in this video
2508
2509 628
2510 00:27:14,220 ~-~-> 00:27:17,250
2511 series. They're more like a roadmap. And
2512
2513 629
2514 00:27:17,250 ~-~-> 00:27:20,340
2515 if I was asked you in the States,
2516
2517 630
2518 00:27:20,459 ~-~-> 00:27:21,899
2519 we have a
2520
2521 631
2522 00:27:22,529 ~-~-> 00:27:25,949
2523 pretty routine seasonal influences. We
2524
2525 632
2526 00:27:25,949 ~-~-> 00:27:27,719
2527 understand when the snow is most likely
2528
2529 633
2530 00:27:27,719 ~-~-> 00:27:29,459
2531 to occur, what months of the year, we
2532
2533 634
2534 00:27:29,459 ~-~-> 00:27:31,319
2535 understand when it's going to be hot. We
2536
2537 635
2538 00:27:31,319 ~-~-> 00:27:32,699
2539 understand when it's going to be cool.
2540
2541 636
2542 00:27:33,269 ~-~-> 00:27:34,529
2543 We understand when there's going to be
2544
2545 637
2546 00:27:34,529 ~-~-> 00:27:36,899
2547 allergy season, okay? seasonal
2548
2549 638
2550 00:27:36,899 ~-~-> 00:27:38,999
2551 tendencies are valuable because we can
2552
2553 639
2554 00:27:38,999 ~-~-> 00:27:42,059
2555 look at when the large significant price
2556
2557 640
2558 00:27:42,059 ~-~-> 00:27:44,069
2559 moves are most likely to occur,
2560
2561 641
2562 00:27:44,279 ~-~-> 00:27:46,739
2563 specifically during certain months of
2564
2565 642
2566 00:27:46,739 ~-~-> 00:27:49,859
2567 the year. I would counsel you to utilize
2568
2569 643
2570 00:27:49,859 ~-~-> 00:27:51,719
2571 the seasonal tendency in that capacity
2572
2573 644
2574 00:27:51,719 ~-~-> 00:27:52,679
2575 first until you
2576
2577 645
2578 00:27:52,709 ~-~-> 00:27:54,359
2579 grow in your understanding of how the
2580
2581 646
2582 00:27:54,359 ~-~-> 00:27:55,229
2583 seasonal tendency
2584
2585 647
2586 00:27:55,530 ~-~-> 00:27:58,020
2587 chart really communicates what's going
2588
2589 648
2590 00:27:58,020 ~-~-> 00:27:58,260
2591 on.
2592
2593 649
2594 00:27:58,530 ~-~-> 00:28:00,900
2595 It's not simply looking at The lowest
2596
2597 650
2598 00:28:00,900 ~-~-> 00:28:02,460
2599 low and the seasonal tend to start and
2600
2601 651
2602 00:28:02,460 ~-~-> 00:28:04,830
2603 say, Okay, well, the market makes a low
2604
2605 652
2606 00:28:04,830 ~-~-> 00:28:06,330
2607 in this chart between this month and
2608
2609 653
2610 00:28:06,330 ~-~-> 00:28:07,620
2611 that month, therefore I'm only gonna be
2612
2613 654
2614 00:28:07,620 ~-~-> 00:28:09,540
2615 looking to be buying then No, you have
2616
2617 655
2618 00:28:09,540 ~-~-> 00:28:10,950
2619 to have some other technical
2620
2621 656
2622 00:28:11,700 ~-~-> 00:28:14,130
2623 characteristics behind the idea, not
2624
2625 657
2626 00:28:14,130 ~-~-> 00:28:15,930
2627 just simply doing it because a seasonal
2628
2629 658
2630 00:28:15,930 ~-~-> 00:28:17,820
2631 tendency suggested it's going to make a
2632
2633 659
2634 00:28:17,820 ~-~-> 00:28:19,950
2635 lower high. Okay, we're really more
2636
2637 660
2638 00:28:19,950 ~-~-> 00:28:21,870
2639 inclined to following when there's a
2640
2641 661
2642 00:28:21,870 ~-~-> 00:28:24,390
2643 large price swing that usually moves in
2644
2645 662
2646 00:28:24,390 ~-~-> 00:28:25,860
2647 one direction or the other. That's
2648
2649 663
2650 00:28:25,890 ~-~-> 00:28:29,520
2651 really the basis for how I use seasonal
2652
2653 664
2654 00:28:29,520 ~-~-> 00:28:30,180
2655 tendencies.
2656
2657 665
2658 00:28:31,920 ~-~-> 00:28:34,200
2659 Okay, we look on a daily chart
2660
2661 666
2662 00:28:34,710 ~-~-> 00:28:36,600
2663 for obvious key support resistance
2664
2665 667
2666 00:28:36,600 ~-~-> 00:28:39,060
2667 levels. Now we note these with at least
2668
2669 668
2670 00:28:39,060 ~-~-> 00:28:41,250
2671 two to three years of data on our
2672
2673 669
2674 00:28:41,250 ~-~-> 00:28:44,220
2675 screen, okay. By having that that amount
2676
2677 670
2678 00:28:44,220 ~-~-> 00:28:45,210
2679 of data on your chart,
2680
2681 671
2682 00:28:45,990 ~-~-> 00:28:47,010
2683 it really will
2684
2685 672
2686 00:28:47,640 ~-~-> 00:28:49,170
2687 remove the necessity of having your
2688
2689 673
2690 00:28:49,170 ~-~-> 00:28:50,880
2691 weekly chart analysis done,
2692
2693 674
2694 00:28:51,270 ~-~-> 00:28:54,210
2695 okay, but it will at least give you
2696
2697 675
2698 00:28:54,450 ~-~-> 00:28:56,250
2699 the higher level
2700
2701 676
2702 00:28:56,280 ~-~-> 00:28:58,710
2703 support resistance levels that may be
2704
2705 677
2706 00:28:58,710 ~-~-> 00:29:01,650
2707 outside the scope of Most myopic
2708
2709 678
2710 00:29:02,070 ~-~-> 00:29:04,500
2711 neophyte traders that simply don't look
2712
2713 679
2714 00:29:04,500 ~-~-> 00:29:08,880
2715 beyond in the last couple weeks. Okay,
2716
2717 680
2718 00:29:08,880 ~-~-> 00:29:11,880
2719 now do not discount the levels acquired
2720
2721 681
2722 00:29:12,150 ~-~-> 00:29:13,440
2723 on the study of weekly and monthly
2724
2725 682
2726 00:29:13,440 ~-~-> 00:29:15,390
2727 charts, okay? Because these two are odds
2728
2729 683
2730 00:29:15,390 ~-~-> 00:29:18,660
2731 builders, they have the the impact, okay
2732
2733 684
2734 00:29:18,660 ~-~-> 00:29:21,390
2735 of creating very, very dynamic reversals
2736
2737 685
2738 00:29:21,420 ~-~-> 00:29:25,320
2739 okay? And if you ignore them, okay, you
2740
2741 686
2742 00:29:25,320 ~-~-> 00:29:27,090
2743 really handicapping yourself. So while I
2744
2745 687
2746 00:29:27,090 ~-~-> 00:29:28,620
2747 didn't spend a whole lot of time in this
2748
2749 688
2750 00:29:28,620 ~-~-> 00:29:31,560
2751 series doing that, it would be very
2752
2753 689
2754 00:29:31,560 ~-~-> 00:29:33,240
2755 foolish of me not to at least include it
2756
2757 690
2758 00:29:33,240 ~-~-> 00:29:35,130
2759 as a suggestion that you should be
2760
2761 691
2762 00:29:35,130 ~-~-> 00:29:36,690
2763 looking at the monthly and weekly charts
2764
2765 692
2766 00:29:36,750 ~-~-> 00:29:38,370
2767 periodically not a whole lot
2768
2769 693
2770 00:29:38,369 ~-~-> 00:29:40,169
2771 just once in a while, just take a gander
2772
2773 694
2774 00:29:40,169 ~-~-> 00:29:40,529
2775 at and you'll
2776
2777 695
2778 00:29:40,559 ~-~-> 00:29:42,869
2779 you'll hopefully see you're within a
2780
2781 696
2782 00:29:42,869 ~-~-> 00:29:46,049
2783 range that facilitates sound trading
2784
2785 697
2786 00:29:46,049 ~-~-> 00:29:47,909
2787 with the daily chart and lower
2788
2789 698
2790 00:29:47,909 ~-~-> 00:29:51,809
2791 timeframes in mind. Okay, on a daily
2792
2793 699
2794 00:29:51,809 ~-~-> 00:29:53,789
2795 chart, we try to determine the current
2796
2797 700
2798 00:29:53,789 ~-~-> 00:29:55,739
2799 market structure Okay. Are we in a
2800
2801 701
2802 00:29:55,739 ~-~-> 00:29:57,149
2803 bullish market structure or a bearish
2804
2805 702
2806 00:29:57,149 ~-~-> 00:29:58,559
2807 market structure have we just
2808
2809 703
2810 00:29:58,769 ~-~-> 00:30:01,199
2811 encountered a market structure shift,
2812
2813 704
2814 00:30:01,259 ~-~-> 00:30:03,389
2815 okay, it has a specific key hide and
2816
2817 705
2818 00:30:03,389 ~-~-> 00:30:05,009
2819 taken out. So now we would be looking
2820
2821 706
2822 00:30:05,009 ~-~-> 00:30:07,259
2823 for a buy model to unfold
2824
2825 707
2826 00:30:07,650 ~-~-> 00:30:09,240
2827 or is a swing low
2828
2829 708
2830 00:30:09,390 ~-~-> 00:30:10,710
2831 of any importance
2832
2833 709
2834 00:30:11,070 ~-~-> 00:30:13,980
2835 unfolded, where we now look for bearish
2836
2837 710
2838 00:30:13,980 ~-~-> 00:30:16,530
2839 markets moves on sell model to unfold.
2840
2841 711
2842 00:30:16,770 ~-~-> 00:30:18,510
2843 Okay, and what price swing? Are we
2844
2845 712
2846 00:30:18,510 ~-~-> 00:30:20,340
2847 trading? Is it a long term price swing?
2848
2849 713
2850 00:30:20,340 ~-~-> 00:30:21,810
2851 Is it intermediate term swing or it's a
2852
2853 714
2854 00:30:21,810 ~-~-> 00:30:23,640
2855 short term swing? Okay, these are things
2856
2857 715
2858 00:30:23,640 ~-~-> 00:30:25,260
2859 that you have to discern that are really
2860
2861 716
2862 00:30:25,680 ~-~-> 00:30:27,840
2863 built upon the type of trade that you're
2864
2865 717
2866 00:30:27,870 ~-~-> 00:30:28,680
2867 going to be hunting.
2868
2869 718
2870 00:30:31,020 ~-~-> 00:30:32,460
2871 What are large funds doing?
2872
2873 719
2874 00:30:32,670 ~-~-> 00:30:34,710
2875 And where is the order flow suggesting
2876
2877 720
2878 00:30:34,920 ~-~-> 00:30:37,890
2879 prices trading up or down? Basically,
2880
2881 721
2882 00:30:38,220 ~-~-> 00:30:41,040
2883 it's like market structure or order flow
2884
2885 722
2886 00:30:41,040 ~-~-> 00:30:43,440
2887 where if we take out specific highs and
2888
2889 723
2890 00:30:43,440 ~-~-> 00:30:46,440
2891 lows, again, in conjunction with market
2892
2893 724
2894 00:30:46,440 ~-~-> 00:30:49,800
2895 structure as a whole, if we see flows
2896
2897 725
2898 00:30:49,800 ~-~-> 00:30:52,020
2899 are bullish, okay, we need to be
2900
2901 726
2902 00:30:52,020 ~-~-> 00:30:53,850
2903 starting to look for
2904
2905 727
2906 00:30:54,119 ~-~-> 00:30:55,529
2907 our tools that suggest
2908
2909 728
2910 00:30:55,530 ~-~-> 00:30:57,060
2911 and support the notion that the higher
2912
2913 729
2914 00:30:57,060 ~-~-> 00:30:57,960
2915 prices are an order
2916
2917 730
2918 00:30:58,529 ~-~-> 00:31:01,709
2919 and vice versa for Selling scenarios.
2920
2921 731
2922 00:31:03,989 ~-~-> 00:31:05,969
2923 overlaying the nine exponential moving
2924
2925 732
2926 00:31:05,969 ~-~-> 00:31:08,009
2927 average and 18 exponential moving
2928
2929 733
2930 00:31:08,009 ~-~-> 00:31:10,049
2931 average. Okay for the buy and sell
2932
2933 734
2934 00:31:10,049 ~-~-> 00:31:11,939
2935 models is very useful for directional
2936
2937 735
2938 00:31:11,939 ~-~-> 00:31:13,799
2939 bias. It's one of the reoccurring
2940
2941 736
2942 00:31:13,799 ~-~-> 00:31:15,239
2943 themes. I get an email all the time,
2944
2945 737
2946 00:31:15,510 ~-~-> 00:31:16,500
2947 you know, how do I know if the markets
2948
2949 738
2950 00:31:16,500 ~-~-> 00:31:17,010
2951 gonna go up?
2952
2953 739
2954 00:31:17,130 ~-~-> 00:31:18,240
2955 I don't know if it's gonna go down?
2956
2957 740
2958 00:31:18,720 ~-~-> 00:31:20,070
2959 Well, first I'll tell you now, like I
2960
2961 741
2962 00:31:20,070 ~-~-> 00:31:21,660
2963 tell everybody in email, I don't know
2964
2965 742
2966 00:31:21,660 ~-~-> 00:31:23,460
2967 for certain it's always going to be up
2968
2969 743
2970 00:31:23,460 ~-~-> 00:31:27,840
2971 or down. I just have a odds of knowing
2972
2973 744
2974 00:31:27,900 ~-~-> 00:31:31,170
2975 over a period of time, more often right
2976
2977 745
2978 00:31:31,170 ~-~-> 00:31:32,610
2979 than I'm wrong in terms of directional
2980
2981 746
2982 00:31:32,610 ~-~-> 00:31:34,950
2983 premise. And that's all you need in
2984
2985 747
2986 00:31:34,950 ~-~-> 00:31:38,190
2987 trading. But to mathematically define
2988
2989 748
2990 00:31:38,640 ~-~-> 00:31:41,730
2991 how you as a neophyte trader can
2992
2993 749
2994 00:31:41,730 ~-~-> 00:31:42,810
2995 classically determined
2996
2997 750
2998 00:31:43,680 ~-~-> 00:31:44,940
2999 a bullish or bearish market,
3000
3001 751
3002 00:31:45,119 ~-~-> 00:31:47,429
3003 okay, just by looking at a nine and 18
3004
3005 752
3006 00:31:47,699 ~-~-> 00:31:50,099
3007 will give you a very, very good tool for
3008
3009 753
3010 00:31:50,099 ~-~-> 00:31:54,089
3011 looking for weekly setups. When a nine
3012
3013 754
3014 00:31:54,089 ~-~-> 00:31:55,919
3015 exponential moving average is greater
3016
3017 755
3018 00:31:55,919 ~-~-> 00:31:57,239
3019 than the exponential moving average.
3020
3021 756
3022 00:31:57,239 ~-~-> 00:31:59,099
3023 That means the nine is above the 18
3024
3025 757
3026 00:31:59,820 ~-~-> 00:32:00,450
3027 we Look
3028
3029 758
3030 00:32:00,840 ~-~-> 00:32:03,030
3031 to focus simply on taking long trades,
3032
3033 759
3034 00:32:03,060 ~-~-> 00:32:04,650
3035 okay, we're only trying to buy that
3036
3037 760
3038 00:32:04,650 ~-~-> 00:32:07,590
3039 market when the nine exponential moving
3040
3041 761
3042 00:32:07,590 ~-~-> 00:32:10,290
3043 average is less than the 18 exponential
3044
3045 762
3046 00:32:10,290 ~-~-> 00:32:11,670
3047 moving average or in other words the
3048
3049 763
3050 00:32:11,670 ~-~-> 00:32:14,790
3051 nine is below the 18. We focus on shorts
3052
3053 764
3054 00:32:14,850 ~-~-> 00:32:15,360
3055 only.
3056
3057 765
3058 00:32:17,699 ~-~-> 00:32:19,109
3059 Okay, we highlight key
3060
3061 766
3062 00:32:19,829 ~-~-> 00:32:23,069
3063 swing lows and swing highs. Now by
3064
3065 767
3066 00:32:23,069 ~-~-> 00:32:24,599
3067 having that we,
3068
3069 768
3070 00:32:25,349 ~-~-> 00:32:27,899
3071 we have to note the, the high,
3072
3073 769
3074 00:32:27,959 ~-~-> 00:32:31,139
3075 the low, the open the close on each of
3076
3077 770
3078 00:32:31,139 ~-~-> 00:32:33,779
3079 the three bars that comprise a swing
3080
3081 771
3082 00:32:33,779 ~-~-> 00:32:35,369
3083 high and swing low, because those
3084
3085 772
3086 00:32:35,369 ~-~-> 00:32:37,229
3087 specific levels are going to be very,
3088
3089 773
3090 00:32:37,229 ~-~-> 00:32:43,769
3091 very sensitive. Now, if you spend a lot
3092
3093 774
3094 00:32:43,769 ~-~-> 00:32:46,079
3095 of time looking at price charts, okay on
3096
3097 775
3098 00:32:46,079 ~-~-> 00:32:49,049
3099 a daily chart, do some exercises okay to
3100
3101 776
3102 00:32:49,049 ~-~-> 00:32:51,869
3103 further build your understanding of how
3104
3105 777
3106 00:32:52,049 ~-~-> 00:32:54,059
3107 the high low open and closed prices are
3108
3109 778
3110 00:32:54,059 ~-~-> 00:32:56,429
3111 sensitive, because when price goes back
3112
3113 779
3114 00:32:56,429 ~-~-> 00:32:58,169
3115 to those levels eventually at a later
3116
3117 780
3118 00:32:58,169 ~-~-> 00:33:00,539
3119 time, you'll see many times That's
3120
3121 781
3122 00:33:00,539 ~-~-> 00:33:02,999
3123 exactly where price patterns will form.
3124
3125 782
3126 00:33:03,419 ~-~-> 00:33:05,699
3127 And they'll happen to occur during an
3128
3129 783
3130 00:33:05,699 ~-~-> 00:33:06,119
3131 ICT
3132
3133 784
3134 00:33:06,120 ~-~-> 00:33:06,480
3135 kills.
3136
3137 785
3138 00:33:09,599 ~-~-> 00:33:11,789
3139 Identify major reaction levels where
3140
3141 786
3142 00:33:11,789 ~-~-> 00:33:14,189
3143 price obviously and strongly moves away
3144
3145 787
3146 00:33:14,189 ~-~-> 00:33:16,559
3147 from particular level. Okay, that's the
3148
3149 788
3150 00:33:16,559 ~-~-> 00:33:17,999
3151 footprint we're looking for when we see
3152
3153 789
3154 00:33:17,999 ~-~-> 00:33:19,739
3155 that we know when we have institutional
3156
3157 790
3158 00:33:19,739 ~-~-> 00:33:21,749
3159 sponsorship. So when we have the first
3160
3161 791
3162 00:33:21,749 ~-~-> 00:33:24,899
3163 pullback, that's what we buy, or if it's
3164
3165 792
3166 00:33:24,899 ~-~-> 00:33:26,639
3167 declined the first rally up,
3168
3169 793
3170 00:33:26,759 ~-~-> 00:33:28,919
3171 okay, that's when we look to sell into
3172
3173 794
3174 00:33:30,720 ~-~-> 00:33:32,400
3175 highlight potential order blocks where
3176
3177 795
3178 00:33:32,400 ~-~-> 00:33:34,410
3179 price will possibly react in similar
3180
3181 796
3182 00:33:34,410 ~-~-> 00:33:37,200
3183 fashion. Now, I'm not going to revisit
3184
3185 797
3186 00:33:37,200 ~-~-> 00:33:38,460
3187 order blocks because I did it
3188
3189 798
3190 00:33:38,820 ~-~-> 00:33:41,280
3191 exhaustively in this series. So if you
3192
3193 799
3194 00:33:41,280 ~-~-> 00:33:44,220
3195 understand that concept of how I
3196
3197 800
3198 00:33:44,220 ~-~-> 00:33:45,840
3199 determined where institutional order
3200
3201 801
3202 00:33:45,840 ~-~-> 00:33:48,270
3203 blocks are, you'll know what I mean by
3204
3205 802
3206 00:33:48,270 ~-~-> 00:33:50,250
3207 this, okay, and I'm going to take a
3208
3209 803
3210 00:33:50,250 ~-~-> 00:33:50,910
3211 moment here to
3212
3213 804
3214 00:33:51,030 ~-~-> 00:33:52,950
3215 amplify what we're doing because
3216
3217 805
3218 00:33:53,010 ~-~-> 00:33:55,080
3219 this may look like an oversimplification
3220
3221 806
3222 00:33:55,140 ~-~-> 00:33:57,060
3223 so far in this video, but I really want
3224
3225 807
3226 00:33:57,060 ~-~-> 00:33:59,610
3227 you to understand there was a whole lot
3228
3229 808
3230 00:33:59,610 ~-~-> 00:34:02,190
3231 of information delivered to you over
3232
3233 809
3234 00:34:02,190 ~-~-> 00:34:05,310
3235 seven individual videos. I'm not going
3236
3237 810
3238 00:34:05,310 ~-~-> 00:34:07,680
3239 to build up each each piece of this
3240
3241 811
3242 00:34:07,829 ~-~-> 00:34:09,479
3243 with examples because you already have
3244
3245 812
3246 00:34:09,479 ~-~-> 00:34:09,779
3247 that
3248
3249 813
3250 00:34:09,810 ~-~-> 00:34:11,910
3251 understanding in the video itself. So
3252
3253 814
3254 00:34:11,910 ~-~-> 00:34:13,740
3255 you have to take that information and
3256
3257 815
3258 00:34:13,740 ~-~-> 00:34:16,230
3259 build it upon this checklist okay
3260
3261 816
3262 00:34:16,230 ~-~-> 00:34:17,880
3263 and amplify your understanding of what's
3264
3265 817
3266 00:34:17,880 ~-~-> 00:34:18,510
3267 necessary.
3268
3269 818
3270 00:34:20,849 ~-~-> 00:34:22,949
3271 Now all levels and order blocks are
3272
3273 819
3274 00:34:22,949 ~-~-> 00:34:25,439
3275 carried over to the lower four hour and
3276
3277 820
3278 00:34:25,829 ~-~-> 00:34:27,809
3279 16 minutes and lesser timeframes.
3280
3281 821
3282 00:34:34,110 ~-~-> 00:34:36,090
3283 Okay, what analysis and processes used
3284
3285 822
3286 00:34:36,180 ~-~-> 00:34:38,100
3287 on the study of the four hour chart
3288
3289 823
3290 00:34:39,810 ~-~-> 00:34:41,160
3291 now the intermediate view
3292
3293 824
3294 00:34:41,700 ~-~-> 00:34:43,920
3295 on large funds and order flows
3296
3297 825
3298 00:34:44,460 ~-~-> 00:34:47,190
3299 it's the ICT four hour chart, timeframe
3300
3301 826
3302 00:34:47,190 ~-~-> 00:34:47,820
3303 checklist.
3304
3305 827
3306 00:34:48,629 ~-~-> 00:34:50,489
3307 Okay, now the daily analysis is kept in
3308
3309 828
3310 00:34:50,489 ~-~-> 00:34:51,179
3311 focus here.
3312
3313 829
3314 00:34:51,540 ~-~-> 00:34:52,800
3315 Okay, simply because we're down on a
3316
3317 830
3318 00:34:52,800 ~-~-> 00:34:55,470
3319 four hour chart does not mean we simply
3320
3321 831
3322 00:34:55,500 ~-~-> 00:34:58,620
3323 toss away the analysis and the premise
3324
3325 832
3326 00:34:58,620 ~-~-> 00:35:00,690
3327 that's arrived at Looking at the daily
3328
3329 833
3330 00:35:00,690 ~-~-> 00:35:01,050
3331 chart,
3332
3333 834
3334 00:35:01,590 ~-~-> 00:35:03,960
3335 and we hold on to this bias, okay
3336
3337 835
3338 00:35:03,960 ~-~-> 00:35:05,850
3339 derived on the daily chart as our
3340
3341 836
3342 00:35:05,850 ~-~-> 00:35:08,460
3343 foundational basis for trade ideas.
3344
3345 837
3346 00:35:09,750 ~-~-> 00:35:12,480
3347 While the daily analysis is in a bi
3348
3349 838
3350 00:35:12,480 ~-~-> 00:35:15,300
3351 model, we look for key support levels to
3352
3353 839
3354 00:35:15,300 ~-~-> 00:35:19,440
3355 stock setups on. And conversely, while
3356
3357 840
3358 00:35:19,440 ~-~-> 00:35:21,360
3359 the daily analysis is in a sell mode,
3360
3361 841
3362 00:35:21,660 ~-~-> 00:35:23,430
3363 we'd look for key resistance levels to
3364
3365 842
3366 00:35:23,430 ~-~-> 00:35:27,840
3367 stock setups on majority of stop orders
3368
3369 843
3370 00:35:27,870 ~-~-> 00:35:30,330
3371 are discernible on this timeframe. Look
3372
3373 844
3374 00:35:30,330 ~-~-> 00:35:31,980
3375 for rating candidates, because they're
3376
3377 845
3378 00:35:31,980 ~-~-> 00:35:33,720
3379 going to provide you liquidity and where
3380
3381 846
3382 00:35:33,720 ~-~-> 00:35:35,790
3383 there's liquidity pools, there's going
3384
3385 847
3386 00:35:35,790 ~-~-> 00:35:36,240
3387 to be
3388
3389 848
3390 00:35:36,810 ~-~-> 00:35:39,090
3391 very discernible clear highs and lows
3392
3393 849
3394 00:35:39,090 ~-~-> 00:35:39,450
3395 that
3396
3397 850
3398 00:35:40,260 ~-~-> 00:35:42,750
3399 if taken out, it would still keep the
3400
3401 851
3402 00:35:42,750 ~-~-> 00:35:43,320
3403 overall
3404
3405 852
3406 00:35:43,350 ~-~-> 00:35:44,280
3407 price structure
3408
3409 853
3410 00:35:45,300 ~-~-> 00:35:48,030
3411 you either bullish or bearish. But you
3412
3413 854
3414 00:35:48,030 ~-~-> 00:35:49,500
3415 got to ask yourself always, you know,
3416
3417 855
3418 00:35:49,530 ~-~-> 00:35:50,850
3419 where's the guys
3420
3421 856
3422 00:35:50,880 ~-~-> 00:35:52,440
3423 that are profiting right now, where are
3424
3425 857
3426 00:35:52,440 ~-~-> 00:35:52,740
3427 they
3428
3429 858
3430 00:35:53,880 ~-~-> 00:35:55,560
3431 placing their stop loss order because
3432
3433 859
3434 00:35:55,560 ~-~-> 00:35:57,300
3435 before the next significant price move
3436
3437 860
3438 00:35:57,300 ~-~-> 00:36:00,480
3439 happens invariably that levels rate and
3440
3441 861
3442 00:36:00,480 ~-~-> 00:36:02,880
3443 tested and then quickly seen price
3444
3445 862
3446 00:36:02,880 ~-~-> 00:36:07,260
3447 reject and go the other way. Define for
3448
3449 863
3450 00:36:07,260 ~-~-> 00:36:10,830
3451 our order flow and coupled this with
3452
3453 864
3454 00:36:10,830 ~-~-> 00:36:12,960
3455 market structure. What do I mean by
3456
3457 865
3458 00:36:12,960 ~-~-> 00:36:14,580
3459 that? Okay, well, we look at the four
3460
3461 866
3462 00:36:14,580 ~-~-> 00:36:18,150
3463 hour trend. Okay, we look at key highs
3464
3465 867
3466 00:36:18,150 ~-~-> 00:36:19,350
3467 and lows, if a
3468
3469 868
3470 00:36:19,470 ~-~-> 00:36:21,510
3471 specific short term high
3472
3473 869
3474 00:36:21,720 ~-~-> 00:36:24,060
3475 is taken out on a four hour chart,
3476
3477 870
3478 00:36:24,660 ~-~-> 00:36:26,640
3479 once that's taken out, our order flow
3480
3481 871
3482 00:36:26,640 ~-~-> 00:36:29,280
3483 and market flow is changed to bullish,
3484
3485 872
3486 00:36:29,430 ~-~-> 00:36:31,050
3487 okay. And we're gonna be looking for
3488
3489 873
3490 00:36:31,050 ~-~-> 00:36:34,440
3491 that to be in alignment with the higher
3492
3493 874
3494 00:36:34,440 ~-~-> 00:36:37,320
3495 timeframe daily. Ideally, the same thing
3496
3497 875
3498 00:36:37,320 ~-~-> 00:36:39,510
3499 would be seen on the daily chart. In
3500
3501 876
3502 00:36:39,510 ~-~-> 00:36:40,470
3503 other words, if we have a short term
3504
3505 877
3506 00:36:40,470 ~-~-> 00:36:42,240
3507 high, taken out on a daily chart,
3508
3509 878
3510 00:36:43,200 ~-~-> 00:36:44,460
3511 order flow is now in bullish.
3512
3513 879
3514 00:36:44,670 ~-~-> 00:36:46,290
3515 So if you're looking at the four hour
3516
3517 880
3518 00:36:46,290 ~-~-> 00:36:48,810
3519 timeframe, when the four hour market
3520
3521 881
3522 00:36:48,810 ~-~-> 00:36:51,480
3523 flow and order flow changes to
3524
3525 882
3526 00:36:51,480 ~-~-> 00:36:53,490
3527 bullishness, we have both in agreement.
3528
3529 883
3530 00:36:53,670 ~-~-> 00:36:56,430
3531 Okay. That's simply not enough. You have
3532
3533 884
3534 00:36:56,430 ~-~-> 00:36:57,960
3535 to have that coupled with market
3536
3537 885
3538 00:36:57,960 ~-~-> 00:37:00,570
3539 structure. Are we having a Entering a
3540
3541 886
3542 00:37:00,570 ~-~-> 00:37:03,240
3543 term, a long term or short term low or
3544
3545 887
3546 00:37:03,240 ~-~-> 00:37:05,010
3547 high forming, and where are we at in
3548
3549 888
3550 00:37:05,010 ~-~-> 00:37:07,860
3551 terms of price swings, okay? by blending
3552
3553 889
3554 00:37:07,860 ~-~-> 00:37:09,930
3555 all those components together, okay?
3556
3557 890
3558 00:37:09,960 ~-~-> 00:37:11,730
3559 You'll find that you're buying support
3560
3561 891
3562 00:37:11,880 ~-~-> 00:37:15,270
3563 when the daily trend or bias is up.
3564
3565 892
3566 00:37:17,070 ~-~-> 00:37:18,510
3567 And conversely, the same thing can be
3568
3569 893
3570 00:37:18,510 ~-~-> 00:37:19,410
3571 said in reverse
3572
3573 894
3574 00:37:19,650 ~-~-> 00:37:21,180
3575 when it for our order flow
3576
3577 895
3578 00:37:21,180 ~-~-> 00:37:23,310
3579 is coupled with the market structure.
3580
3581 896
3582 00:37:23,490 ~-~-> 00:37:25,080
3583 Okay, you're gonna be selling resistance
3584
3585 897
3586 00:37:25,080 ~-~-> 00:37:30,270
3587 when the daily is down. Look for
3588
3589 898
3590 00:37:30,270 ~-~-> 00:37:32,340
3591 reaction levels within the daily
3592
3593 899
3594 00:37:32,340 ~-~-> 00:37:34,440
3595 directional premise or bias.
3596
3597 900
3598 00:37:35,850 ~-~-> 00:37:37,410
3599 That means your four hour charts going
3600
3601 901
3602 00:37:37,410 ~-~-> 00:37:38,070
3603 to see
3604
3605 902
3606 00:37:38,550 ~-~-> 00:37:41,820
3607 quick sudden rallies or declines. Okay.
3608
3609 903
3610 00:37:42,000 ~-~-> 00:37:44,910
3611 Ideally, those moves will be in the same
3612
3613 904
3614 00:37:44,910 ~-~-> 00:37:46,950
3615 direction that you have arrived at for a
3616
3617 905
3618 00:37:46,950 ~-~-> 00:37:49,860
3619 bias on your daily chart. If it's not,
3620
3621 906
3622 00:37:50,010 ~-~-> 00:37:52,140
3623 you don't trade it. That's not your
3624
3625 907
3626 00:37:52,140 ~-~-> 00:37:54,840
3627 trade. Okay. So we're filtering out a
3628
3629 908
3630 00:37:54,840 ~-~-> 00:37:56,700
3631 specific side of the marketplace that we
3632
3633 909
3634 00:37:56,700 ~-~-> 00:37:57,150
3635 want to be
3636
3637 910
3638 00:37:57,960 ~-~-> 00:37:59,820
3639 you executing our trades on
3640
3641 911
3642 00:38:00,480 ~-~-> 00:38:02,280
3643 Yes, you're going to miss trades. I'm
3644
3645 912
3646 00:38:02,280 ~-~-> 00:38:03,690
3647 promising you that you're going to miss
3648
3649 913
3650 00:38:03,690 ~-~-> 00:38:05,280
3651 trades. I'm promising you that you're
3652
3653 914
3654 00:38:05,280 ~-~-> 00:38:07,380
3655 gonna miss explosive dynamic moves that
3656
3657 915
3658 00:38:07,380 ~-~-> 00:38:10,200
3659 are counter trend. Who cares? You want
3660
3661 916
3662 00:38:10,200 ~-~-> 00:38:12,390
3663 to be consistently taking one solid
3664
3665 917
3666 00:38:12,390 ~-~-> 00:38:15,030
3667 setup per week profiting moving to the
3668
3669 918
3670 00:38:15,030 ~-~-> 00:38:16,590
3671 sidelines and waiting for the next
3672
3673 919
3674 00:38:16,590 ~-~-> 00:38:20,970
3675 setup. Order blocks can be fine tuned on
3676
3677 920
3678 00:38:20,970 ~-~-> 00:38:24,090
3679 this period, and more precise levels at
3680
3681 921
3682 00:38:24,090 ~-~-> 00:38:26,700
3683 or near institutional levels. So in
3684
3685 922
3686 00:38:26,700 ~-~-> 00:38:29,370
3687 other words by taking your your 80s,
3688
3689 923
3690 00:38:29,430 ~-~-> 00:38:31,530
3691 your 20s, your 50s and your full
3692
3693 924
3694 00:38:31,530 ~-~-> 00:38:35,100
3695 figures. Those levels will be very close
3696
3697 925
3698 00:38:35,100 ~-~-> 00:38:38,460
3699 if many if not many times the preseason
3700
3701 926
3702 00:38:38,730 ~-~-> 00:38:40,590
3703 levels that you will see these
3704
3705 927
3706 00:38:40,590 ~-~-> 00:38:42,450
3707 formations and price patterns take
3708
3709 928
3710 00:38:42,450 ~-~-> 00:38:47,190
3711 place. If in doubt on the daily chart,
3712
3713 929
3714 00:38:47,310 ~-~-> 00:38:49,170
3715 the four hour chart can be used as the
3716
3717 930
3718 00:38:49,170 ~-~-> 00:38:53,820
3719 guiding light on directional bias. All
3720
3721 931
3722 00:38:53,820 ~-~-> 00:38:56,670
3723 for our analysis is carried out and over
3724
3725 932
3726 00:38:56,730 ~-~-> 00:38:58,110
3727 two to 60 minute chart
3728
3729 933
3730 00:38:58,260 ~-~-> 00:39:00,000
3731 and or lower time frame.
3732
3733 934
3734 00:39:07,109 ~-~-> 00:39:08,759
3735 Okay, what analysis and processes used
3736
3737 935
3738 00:39:08,789 ~-~-> 00:39:09,839
3739 on the study of the 60
3740
3741 936
3742 00:39:09,840 ~-~-> 00:39:10,410
3743 minute chart.
3744
3745 937
3746 00:39:11,670 ~-~-> 00:39:13,500
3747 Now, this is the short term view one
3748
3749 938
3750 00:39:13,530 ~-~-> 00:39:16,890
3751 large funds and or order flows. The ICT
3752
3753 939
3754 00:39:16,890 ~-~-> 00:39:20,070
3755 60 minute chart timeframe checklist is
3756
3757 940
3758 00:39:20,070 ~-~-> 00:39:20,820
3759 as follows.
3760
3761 941
3762 00:39:22,080 ~-~-> 00:39:23,100
3763 The Daily analysis is
3764
3765 942
3766 00:39:23,100 ~-~-> 00:39:24,330
3767 still kept in focus here.
3768
3769 943
3770 00:39:24,720 ~-~-> 00:39:26,460
3771 And again we are still holding on to
3772
3773 944
3774 00:39:26,460 ~-~-> 00:39:29,580
3775 this as our basis and foundational by
3776
3777 945
3778 00:39:29,730 ~-~-> 00:39:33,930
3779 basis for trade ideas. Daily analysis
3780
3781 946
3782 00:39:33,990 ~-~-> 00:39:36,450
3783 could be mixed, so consult for our
3784
3785 947
3786 00:39:36,450 ~-~-> 00:39:39,210
3787 perspective if that's the case. Ideally,
3788
3789 948
3790 00:39:39,240 ~-~-> 00:39:43,470
3791 daily and four hour should agree. The
3792
3793 949
3794 00:39:43,470 ~-~-> 00:39:45,780
3795 order blocks on both daily and four hour
3796
3797 950
3798 00:39:45,810 ~-~-> 00:39:47,700
3799 will produce the highest probability
3800
3801 951
3802 00:39:47,700 ~-~-> 00:39:48,300
3803 setups,
3804
3805 952
3806 00:39:48,420 ~-~-> 00:39:49,920
3807 so it's important that you focus there
3808
3809 953
3810 00:39:49,920 ~-~-> 00:39:50,490
3811 first.
3812
3813 954
3814 00:39:53,070 ~-~-> 00:39:55,230
3815 The reaction levels seen on the 60
3816
3817 955
3818 00:39:55,230 ~-~-> 00:39:57,750
3819 minute chart will permit fine tune entry
3820
3821 956
3822 00:39:58,470 ~-~-> 00:40:00,510
3823 with the utilization of audible blocks
3824
3825 957
3826 00:40:00,540 ~-~-> 00:40:04,560
3827 and those blocks will be selected based
3828
3829 958
3830 00:40:04,560 ~-~-> 00:40:06,660
3831 on the same premise that you find on the
3832
3833 959
3834 00:40:06,660 ~-~-> 00:40:08,610
3835 four hour and daily, a sudden quick
3836
3837 960
3838 00:40:08,610 ~-~-> 00:40:10,650
3839 advancement in price or decline in
3840
3841 961
3842 00:40:10,650 ~-~-> 00:40:12,960
3843 price, then returned to the point of
3844
3845 962
3846 00:40:12,960 ~-~-> 00:40:18,150
3847 origin. Viewing the weekly perspective
3848
3849 963
3850 00:40:18,150 ~-~-> 00:40:20,490
3851 on a 60 minute basis will provide a good
3852
3853 964
3854 00:40:20,490 ~-~-> 00:40:23,640
3855 vantage point for swings. Now, when
3856
3857 965
3858 00:40:23,640 ~-~-> 00:40:25,200
3859 you're looking at a weekly
3860
3861 966
3862 00:40:27,300 ~-~-> 00:40:28,080
3863 section
3864
3865 967
3866 00:40:28,289 ~-~-> 00:40:32,309
3867 of price action, okay, it's very easily
3868
3869 968
3870 00:40:32,459 ~-~-> 00:40:35,579
3871 studied with a 60 minute time frame. If
3872
3873 969
3874 00:40:35,579 ~-~-> 00:40:37,589
3875 not a 60 minute a 15 minute is
3876
3877 970
3878 00:40:37,620 ~-~-> 00:40:38,430
3879 is is
3880
3881 971
3882 00:40:38,490 ~-~-> 00:40:41,220
3883 good ending, but for now sticking to the
3884
3885 972
3886 00:40:41,220 ~-~-> 00:40:43,290
3887 three hard timeframe. If you look at
3888
3889 973
3890 00:40:43,290 ~-~-> 00:40:44,400
3891 your weekly basis,
3892
3893 974
3894 00:40:44,730 ~-~-> 00:40:46,020
3895 overall perspective rather
3896
3897 975
3898 00:40:46,470 ~-~-> 00:40:47,610
3899 than price action, in other words,
3900
3901 976
3902 00:40:47,820 ~-~-> 00:40:50,580
3903 looking at two to three weeks worth of
3904
3905 977
3906 00:40:50,580 ~-~-> 00:40:51,000
3907 data,
3908
3909 978
3910 00:40:51,749 ~-~-> 00:40:52,949
3911 one on one hour chart
3912
3913 979
3914 00:40:53,220 ~-~-> 00:40:55,290
3915 is is ideal gives you a good vantage
3916
3917 980
3918 00:40:55,290 ~-~-> 00:40:55,800
3919 point for
3920
3921 981
3922 00:40:55,860 ~-~-> 00:40:58,230
3923 understanding where prices are swinging
3924
3925 982
3926 00:40:58,620 ~-~-> 00:41:01,410
3927 and retracing back into to LA can find
3928
3929 983
3930 00:41:01,680 ~-~-> 00:41:06,090
3931 what range you're trading within. Look
3932
3933 984
3934 00:41:06,090 ~-~-> 00:41:08,040
3935 for logical levels where retail traders
3936
3937 985
3938 00:41:08,040 ~-~-> 00:41:09,690
3939 and funds would possibly have their
3940
3941 986
3942 00:41:09,690 ~-~-> 00:41:13,170
3943 stops resting near, again, looking for
3944
3945 987
3946 00:41:13,410 ~-~-> 00:41:15,840
3947 possible liquidity pools before the next
3948
3949 988
3950 00:41:15,840 ~-~-> 00:41:17,730
3951 significant price advancement or
3952
3953 989
3954 00:41:17,730 ~-~-> 00:41:21,600
3955 decline. Use market structure concepts
3956
3957 990
3958 00:41:21,630 ~-~-> 00:41:23,760
3959 and fibs to stock possible confluences
3960
3961 991
3962 00:41:23,760 ~-~-> 00:41:24,300
3963 where setups
3964
3965 992
3966 00:41:24,300 ~-~-> 00:41:24,930
3967 will form.
3968
3969 993
3970 00:41:25,800 ~-~-> 00:41:28,800
3971 Again, you're down to your lower of the
3972
3973 994
3974 00:41:28,800 ~-~-> 00:41:31,890
3975 three higher timeframe perspectives. By
3976
3977 995
3978 00:41:31,890 ~-~-> 00:41:34,440
3979 utilizing your fibs on this particular
3980
3981 996
3982 00:41:34,440 ~-~-> 00:41:35,100
3983 price chart
3984
3985 997
3986 00:41:36,030 ~-~-> 00:41:36,810
3987 will give you
3988
3989 998
3990 00:41:37,470 ~-~-> 00:41:41,370
3991 a very dynamic risk to reward ratios
3992
3993 999
3994 00:41:41,400 ~-~-> 00:41:43,050
3995 Okay, your risk will be very low many
3996
3997 1000
3998 00:41:43,050 ~-~-> 00:41:44,670
3999 times ideally you want to be hunting
4000
4001 1001
4002 00:41:45,630 ~-~-> 00:41:46,590
4003 123
4004
4005 1002
4006 00:41:46,710 ~-~-> 00:41:48,330
4007 risk reward, okay, so don't want to give
4008
4009 1003
4010 00:41:48,330 ~-~-> 00:41:50,280
4011 me hoping to make it as much as three
4012
4013 1004
4014 00:41:50,280 ~-~-> 00:41:53,970
4015 times what you're risking. The day of
4016
4017 1005
4018 00:41:53,970 ~-~-> 00:41:55,920
4019 the week theory is a rough idea where
4020
4021 1006
4022 00:41:55,920 ~-~-> 00:41:58,140
4023 the weekly high or low is likely to form
4024
4025 1007
4026 00:41:58,170 ~-~-> 00:42:01,860
4027 so by implementing That idea with
4028
4029 1008
4030 00:42:01,860 ~-~-> 00:42:04,140
4031 studying the 60 minute chart with a two
4032
4033 1009
4034 00:42:04,140 ~-~-> 00:42:07,230
4035 to three week vantage point in terms of
4036
4037 1010
4038 00:42:07,230 ~-~-> 00:42:08,790
4039 how much data you have on your chart.
4040
4041 1011
4042 00:42:09,570 ~-~-> 00:42:11,790
4043 That'll give you a very good basis to
4044
4045 1012
4046 00:42:11,790 ~-~-> 00:42:15,510
4047 work within. If we are bullish and
4048
4049 1013
4050 00:42:15,510 ~-~-> 00:42:18,780
4051 hunting a weekly long setup, typically
4052
4053 1014
4054 00:42:18,810 ~-~-> 00:42:22,020
4055 Monday to Wednesday, typically the
4056
4057 1015
4058 00:42:22,020 ~-~-> 00:42:23,790
4059 weekly low is established.
4060
4061 1016
4062 00:42:25,110 ~-~-> 00:42:26,970
4063 If we are bearish and hunting a weekly
4064
4065 1017
4066 00:42:27,000 ~-~-> 00:42:27,930
4067 short setup
4068
4069 1018
4070 00:42:27,990 ~-~-> 00:42:30,030
4071 Monday to Wednesday, typically the
4072
4073 1019
4074 00:42:30,030 ~-~-> 00:42:34,020
4075 weekly high is established. We are not
4076
4077 1020
4078 00:42:34,230 ~-~-> 00:42:36,630
4079 looking to trade every day. We're
4080
4081 1021
4082 00:42:36,630 ~-~-> 00:42:38,970
4083 looking for one solid setup per week,
4084
4085 1022
4086 00:42:39,240 ~-~-> 00:42:41,520
4087 consistently. That should be your goal.
4088
4089 1023
4090 00:42:42,300 ~-~-> 00:42:47,310
4091 You can trade intraday day trades in the
4092
4093 1024
4094 00:42:47,310 ~-~-> 00:42:49,050
4095 same directional premise that we've
4096
4097 1025
4098 00:42:49,050 ~-~-> 00:42:52,230
4099 arrived at on a daily and four hour. Do
4100
4101 1026
4102 00:42:52,230 ~-~-> 00:42:55,020
4103 not use the 60 minute without at least
4104
4105 1027
4106 00:42:55,020 ~-~-> 00:42:56,940
4107 referring to the four hour and ideally
4108
4109 1028
4110 00:42:56,940 ~-~-> 00:43:00,480
4111 with the daily as well. Okay. But if You
4112
4113 1029
4114 00:43:00,480 ~-~-> 00:43:03,300
4115 are a day trader and you're using this
4116
4117 1030
4118 00:43:03,330 ~-~-> 00:43:06,930
4119 course of understanding and price action
4120
4121 1031
4122 00:43:07,140 ~-~-> 00:43:09,540
4123 as your beginning point or foundational
4124
4125 1032
4126 00:43:09,540 ~-~-> 00:43:11,820
4127 study and you simply want to be a day
4128
4129 1033
4130 00:43:11,820 ~-~-> 00:43:14,250
4131 trader and aren't limiting yourself to
4132
4133 1034
4134 00:43:14,250 ~-~-> 00:43:16,410
4135 just taking one setup per week. If
4136
4137 1035
4138 00:43:16,410 ~-~-> 00:43:18,240
4139 you're trading in the directional
4140
4141 1036
4142 00:43:18,240 ~-~-> 00:43:20,190
4143 premise that's arrived at by using these
4144
4145 1037
4146 00:43:20,190 ~-~-> 00:43:20,790
4147 concepts
4148
4149 1038
4150 00:43:21,540 ~-~-> 00:43:23,640
4151 you can still do you
4152
4153 1039
4154 00:43:24,780 ~-~-> 00:43:27,000
4155 day trading but still focusing on that
4156
4157 1040
4158 00:43:27,000 ~-~-> 00:43:28,890
4159 one side of the marketplace either being
4160
4161 1041
4162 00:43:28,890 ~-~-> 00:43:31,260
4163 a buyer or seller based on daily and
4164
4165 1042
4166 00:43:31,260 ~-~-> 00:43:36,180
4167 four hour all daily and four hour and 60
4168
4169 1043
4170 00:43:36,180 ~-~-> 00:43:37,980
4171 minute analysis is carried over to the
4172
4173 1044
4174 00:43:37,980 ~-~-> 00:43:40,920
4175 15th and or five minute timeframes.
4176
4177 1045
4178 00:43:47,610 ~-~-> 00:43:49,350
4179 Okay what analysis and processes used to
4180
4181 1046
4182 00:43:49,350 ~-~-> 00:43:52,110
4183 study of the 15 and five minute chart
4184
4185 1047
4186 00:43:53,550 ~-~-> 00:43:55,440
4187 Okay, this is the execution view on
4188
4189 1048
4190 00:43:55,440 ~-~-> 00:43:58,470
4191 large funds and or order flows and the
4192
4193 1049
4194 00:43:58,470 ~-~-> 00:44:01,470
4195 ICT, 15 or 15 I'm sorry 15 or five
4196
4197 1050
4198 00:44:01,470 ~-~-> 00:44:02,130
4199 minute chart,
4200
4201 1051
4202 00:44:02,400 ~-~-> 00:44:03,570
4203 timeframe checklist.
4204
4205 1052
4206 00:44:04,589 ~-~-> 00:44:05,939
4207 The Daily four hour and 60 minute
4208
4209 1053
4210 00:44:05,939 ~-~-> 00:44:08,369
4211 perspective is maintained even while
4212
4213 1054
4214 00:44:08,369 ~-~-> 00:44:10,379
4215 studying price action on the lower
4216
4217 1055
4218 00:44:10,379 ~-~-> 00:44:12,359
4219 timeframe 15 or five minute charts
4220
4221 1056
4222 00:44:14,099 ~-~-> 00:44:16,319
4223 have the days separated with vertical
4224
4225 1057
4226 00:44:16,320 ~-~-> 00:44:18,720
4227 lines to highlight possible day of the
4228
4229 1058
4230 00:44:18,720 ~-~-> 00:44:21,270
4231 week theory. Again, if we're looking for
4232
4233 1059
4234 00:44:21,270 ~-~-> 00:44:23,040
4235 the weekly, higher low to form, it's
4236
4237 1060
4238 00:44:23,040 ~-~-> 00:44:24,180
4239 going to generally happen between
4240
4241 1061
4242 00:44:24,180 ~-~-> 00:44:26,940
4243 Monday, Tuesday or Wednesday. And
4244
4245 1062
4246 00:44:27,540 ~-~-> 00:44:29,520
4247 there's more detail as to when it's more
4248
4249 1063
4250 00:44:29,520 ~-~-> 00:44:31,620
4251 specifically expected to happen in the
4252
4253 1064
4254 00:44:31,620 ~-~-> 00:44:33,480
4255 video series if you go through the
4256
4257 1065
4258 00:44:33,480 ~-~-> 00:44:36,420
4259 material. But for now, we can generalize
4260
4261 1066
4262 00:44:36,420 ~-~-> 00:44:38,280
4263 it by saying Monday to Wednesday, the
4264
4265 1067
4266 00:44:38,280 ~-~-> 00:44:39,600
4267 weekly higher low is formed so
4268
4269 1068
4270 00:44:39,600 ~-~-> 00:44:41,190
4271 that way you can trade the rest of the
4272
4273 1069
4274 00:44:41,190 ~-~-> 00:44:42,300
4275 week in that
4276
4277 1070
4278 00:44:43,350 ~-~-> 00:44:44,490
4279 directional bias.
4280
4281 1071
4282 00:44:46,050 ~-~-> 00:44:49,440
4283 Note the Asian range high and low each
4284
4285 1072
4286 00:44:49,440 ~-~-> 00:44:53,940
4287 day. Five GMT is the end of the Asian
4288
4289 1073
4290 00:44:53,940 ~-~-> 00:44:56,460
4291 range parameter. So what happens after
4292
4293 1074
4294 00:44:56,640 ~-~-> 00:44:58,890
4295 five GMT, which is essentially 12
4296
4297 1075
4298 00:44:58,920 ~-~-> 00:45:01,410
4299 midnight New York time My time, that's
4300
4301 1076
4302 00:45:01,440 ~-~-> 00:45:03,900
4303 where I classify the new day. Now one
4304
4305 1077
4306 00:45:03,900 ~-~-> 00:45:05,250
4307 could argue again, like I mentioned in
4308
4309 1078
4310 00:45:05,250 ~-~-> 00:45:07,770
4311 the video course, that the new day
4312
4313 1079
4314 00:45:07,770 ~-~-> 00:45:10,830
4315 starts in Wellington. And I'll leave
4316
4317 1080
4318 00:45:10,830 ~-~-> 00:45:13,920
4319 that up to you to decide but for now, if
4320
4321 1081
4322 00:45:13,920 ~-~-> 00:45:15,570
4323 you want to look at the market the way
4324
4325 1082
4326 00:45:15,570 ~-~-> 00:45:17,190
4327 I'm looking at the market,
4328
4329 1083
4330 00:45:17,460 ~-~-> 00:45:20,250
4331 I considered midnight the new day. And
4332
4333 1084
4334 00:45:20,520 ~-~-> 00:45:23,280
4335 what happens after that price point is
4336
4337 1085
4338 00:45:23,280 ~-~-> 00:45:26,820
4339 many times more valuable in terms of
4340
4341 1086
4342 00:45:27,120 ~-~-> 00:45:31,530
4343 what takes place prior to that. Look for
4344
4345 1087
4346 00:45:31,530 ~-~-> 00:45:34,800
4347 the daily highs to form in cell models
4348
4349 1088
4350 00:45:34,980 ~-~-> 00:45:38,040
4351 between seven GMT and 10 GMT. This is
4352
4353 1089
4354 00:45:38,040 ~-~-> 00:45:40,350
4355 typically the London session London
4356
4357 1090
4358 00:45:40,350 ~-~-> 00:45:42,180
4359 invariably has a high probable
4360
4361 1091
4362 00:45:42,660 ~-~-> 00:45:45,330
4363 likelihood if you will, of forming the
4364
4365 1092
4366 00:45:45,330 ~-~-> 00:45:49,350
4367 daily candles high or low. Okay, and if
4368
4369 1093
4370 00:45:49,350 ~-~-> 00:45:52,290
4371 we formulated the trading bias to be
4372
4373 1094
4374 00:45:53,100 ~-~-> 00:45:55,560
4375 bearish, okay, we could be hunting the
4376
4377 1095
4378 00:45:55,560 ~-~-> 00:45:58,380
4379 daily candles high to form between a
4380
4381 1096
4382 00:45:58,380 ~-~-> 00:46:00,690
4383 specific time window and generally Seven
4384
4385 1097
4386 00:46:00,990 ~-~-> 00:46:06,390
4387 GMT 210 GMT or the London session and
4388
4389 1098
4390 00:46:06,390 ~-~-> 00:46:08,550
4391 conversely if you look at the daily
4392
4393 1099
4394 00:46:08,580 ~-~-> 00:46:11,910
4395 lows, you could find them forming in bi
4396
4397 1100
4398 00:46:11,910 ~-~-> 00:46:17,070
4399 models between seven GMT and 10 GMT. Now
4400
4401 1101
4402 00:46:17,070 ~-~-> 00:46:19,620
4403 typically the daily high or low is
4404
4405 1102
4406 00:46:19,620 ~-~-> 00:46:22,050
4407 formed when a sharp counter trend
4408
4409 1103
4410 00:46:22,530 ~-~-> 00:46:24,990
4411 direction on that day and onwards it's
4412
4413 1104
4414 00:46:24,990 ~-~-> 00:46:27,990
4415 the Judas swing. It's a false move
4416
4417 1105
4418 00:46:27,990 ~-~-> 00:46:30,360
4419 initially to fake everyone out and then
4420
4421 1106
4422 00:46:30,900 ~-~-> 00:46:32,970
4423 quickly rejects and goes the other way.
4424
4425 1107
4426 00:46:35,160 ~-~-> 00:46:36,960
4427 Okay, we stock the setups
4428
4429 1108
4430 00:46:37,320 ~-~-> 00:46:39,090
4431 by combining time and price theory
4432
4433 1109
4434 00:46:39,210 ~-~-> 00:46:43,410
4435 we hunt inside time windows and within
4436
4437 1110
4438 00:46:43,770 ~-~-> 00:46:46,560
4439 large order blocks found on the 60
4440
4441 1111
4442 00:46:46,560 ~-~-> 00:46:49,290
4443 minute, four hour and daily timeframes
4444
4445 1112
4446 00:46:51,090 ~-~-> 00:46:52,620
4447 opposite daily high or
4448
4449 1113
4450 00:46:52,620 ~-~-> 00:46:57,180
4451 low is formed inside the 15 GMT 216 GMT
4452
4453 1114
4454 00:46:57,180 ~-~-> 00:46:59,610
4455 hours, London clothes, what am i mean by
4456
4457 1115
4458 00:46:59,610 ~-~-> 00:47:02,250
4459 that? means that if the highest formed
4460
4461 1116
4462 00:47:02,430 ~-~-> 00:47:03,060
4463 in London,
4464
4465 1117
4466 00:47:03,660 ~-~-> 00:47:06,090
4467 the low on the candle for that day is
4468
4469 1118
4470 00:47:06,090 ~-~-> 00:47:08,940
4471 generally made during the 1500 GMT to
4472
4473 1119
4474 00:47:08,940 ~-~-> 00:47:11,220
4475 1600 GMT, if the
4476
4477 1120
4478 00:47:13,500 ~-~-> 00:47:16,470
4479 the reverse is made in London,
4480
4481 1121
4482 00:47:16,650 ~-~-> 00:47:17,970
4483 okay, the opposite
4484
4485 1122
4486 00:47:18,750 ~-~-> 00:47:20,310
4487 spectrum of the daily candle
4488
4489 1123
4490 00:47:20,700 ~-~-> 00:47:23,220
4491 range high or low is formed obviously,
4492
4493 1124
4494 00:47:23,370 ~-~-> 00:47:25,650
4495 during London close so I guess one could
4496
4497 1125
4498 00:47:25,680 ~-~-> 00:47:27,750
4499 easily say that the higher lows formed
4500
4501 1126
4502 00:47:27,750 ~-~-> 00:47:30,420
4503 in London open and during London close
4504
4505 1127
4506 00:47:30,540 ~-~-> 00:47:31,410
4507 the higher lows
4508
4509 1128
4510 00:47:31,650 ~-~-> 00:47:33,540
4511 formed. Conversely
4512
4513 1129
4514 00:47:41,160 ~-~-> 00:47:43,320
4515 when timing price theory overlap trading
4516
4517 1130
4518 00:47:43,320 ~-~-> 00:47:45,240
4519 patterns will form and that could be in
4520
4521 1131
4522 00:47:45,240 ~-~-> 00:47:46,560
4523 the form of an optimal trade entry,
4524
4525 1132
4526 00:47:47,340 ~-~-> 00:47:50,070
4527 harmonic pattern trading patterns and
4528
4529 1133
4530 00:47:50,070 ~-~-> 00:47:52,860
4531 even simple divergence. Okay, so having
4532
4533 1134
4534 00:47:52,860 ~-~-> 00:47:54,870
4535 this on this understanding will
4536
4537 1135
4538 00:47:54,870 ~-~-> 00:47:56,850
4539 facilitate a whole nother level of
4540
4541 1136
4542 00:47:56,850 ~-~-> 00:47:58,560
4543 trading for you and that way you can
4544
4545 1137
4546 00:47:58,590 ~-~-> 00:48:01,320
4547 identify very, very high probability low
4548
4549 1138
4550 00:48:01,320 ~-~-> 00:48:04,920
4551 risk trade scenarios where price action
4552
4553 1139
4554 00:48:04,920 ~-~-> 00:48:07,770
4555 alone, as the catalyst is already
4556
4557 1140
4558 00:48:07,770 ~-~-> 00:48:09,630
4559 predisposed to move in that direction.
4560
4561 1141
4562 00:48:11,370 ~-~-> 00:48:13,110
4563 Use fibs and swing projections to
4564
4565 1142
4566 00:48:13,110 ~-~-> 00:48:15,600
4567 determine possible price objectives to
4568
4569 1143
4570 00:48:15,600 ~-~-> 00:48:20,190
4571 form risk reward ratios. Use fibs to
4572
4573 1144
4574 00:48:20,190 ~-~-> 00:48:22,260
4575 fine tune entry points inside order
4576
4577 1145
4578 00:48:22,260 ~-~-> 00:48:25,470
4579 blocks with London and New York. ICT
4580
4581 1146
4582 00:48:25,470 ~-~-> 00:48:28,290
4583 kill zones. If the London setup is
4584
4585 1147
4586 00:48:28,290 ~-~-> 00:48:30,000
4587 missed, or you were incorrect and
4588
4589 1148
4590 00:48:30,000 ~-~-> 00:48:33,300
4591 stopped out, you can use 12 GMT, the 14
4592
4593 1149
4594 00:48:33,300 ~-~-> 00:48:37,110
4595 GMT D New York open session. Now most of
4596
4597 1150
4598 00:48:37,110 ~-~-> 00:48:39,450
4599 the time New York open is a continuation
4600
4601 1151
4602 00:48:39,450 ~-~-> 00:48:41,370
4603 setup on the heels of what London's
4604
4605 1152
4606 00:48:41,370 ~-~-> 00:48:44,190
4607 action already placed in. So in other
4608
4609 1153
4610 00:48:44,190 ~-~-> 00:48:46,920
4611 words, if London posted the daily high
4612
4613 1154
4614 00:48:46,920 ~-~-> 00:48:49,200
4615 and it's been going lower, many times
4616
4617 1155
4618 00:48:49,230 ~-~-> 00:48:51,510
4619 the New York open session will be a
4620
4621 1156
4622 00:48:51,510 ~-~-> 00:48:53,670
4623 retracement within the range formed for
4624
4625 1157
4626 00:48:53,670 ~-~-> 00:48:56,190
4627 the daily candle at that point from the
4628
4629 1158
4630 00:48:56,220 ~-~-> 00:48:59,280
4631 high made in London to now continuation
4632
4633 1159
4634 00:48:59,280 ~-~-> 00:49:02,010
4635 going into the light close to completing
4636
4637 1160
4638 00:49:02,010 ~-~-> 00:49:05,100
4639 the daily candles, price action. Now
4640
4641 1161
4642 00:49:05,100 ~-~-> 00:49:06,750
4643 you'll want to avoid the New York open
4644
4645 1162
4646 00:49:06,750 ~-~-> 00:49:09,510
4647 setups. If daily swings are maturing
4648
4649 1163
4650 00:49:09,510 ~-~-> 00:49:12,690
4651 into key support resistance, New York
4652
4653 1164
4654 00:49:12,690 ~-~-> 00:49:19,920
4655 open could produce reversals. All Trades
4656
4657 1165
4658 00:49:19,920 ~-~-> 00:49:22,410
4659 should be limited to 1% risk of total
4660
4661 1166
4662 00:49:22,410 ~-~-> 00:49:24,690
4663 account balance ideally while learning
4664
4665 1167
4666 00:49:24,900 ~-~-> 00:49:27,510
4667 point two five and always one quarter of
4668
4669 1168
4670 00:49:27,510 ~-~-> 00:49:31,920
4671 1% to one half of 1% risk should be the
4672
4673 1169
4674 00:49:31,920 ~-~-> 00:49:35,400
4675 beginning traders parameters for maximum
4676
4677 1170
4678 00:49:35,400 ~-~-> 00:49:35,850
4679 risk
4680
4681 1171
4682 00:49:35,910 ~-~-> 00:49:36,600
4683 exposure.
4684
4685 1172
4686 00:49:36,990 ~-~-> 00:49:38,460
4687 And as you get more consistent,
4688
4689 1173
4690 00:49:38,490 ~-~-> 00:49:41,430
4691 obviously you can move towards 1% risk.
4692
4693 1174
4694 00:49:42,420 ~-~-> 00:49:44,130
4695 But I would certainly advise you not to
4696
4697 1175
4698 00:49:44,130 ~-~-> 00:49:47,370
4699 go above 2% even though it's commonly
4700
4701 1176
4702 00:49:47,370 ~-~-> 00:49:49,830
4703 driven down our throats that 2% is the
4704
4705 1177
4706 00:49:49,830 ~-~-> 00:49:52,380
4707 industry standard. Most professionals do
4708
4709 1178
4710 00:49:52,380 ~-~-> 00:49:57,840
4711 not trade with 2% if a loss is taken,
4712
4713 1179
4714 00:49:57,840 ~-~-> 00:50:00,990
4715 reduce risk and leverage Until the loss
4716
4717 1180
4718 00:50:00,990 ~-~-> 00:50:03,720
4719 is recouped. It's slow and steady.
4720
4721 1181
4722 00:50:03,720 ~-~-> 00:50:06,120
4723 That's what wins the race. Okay, so even
4724
4725 1182
4726 00:50:06,120 ~-~-> 00:50:07,470
4727 though one could argue it's going to
4728
4729 1183
4730 00:50:07,470 ~-~-> 00:50:09,570
4731 take you longer to recoup the loss if
4732
4733 1184
4734 00:50:09,570 ~-~-> 00:50:12,060
4735 you have less risk exposure, but I'm
4736
4737 1185
4738 00:50:12,060 ~-~-> 00:50:14,460
4739 going to counsel you to go back to how
4740
4741 1186
4742 00:50:14,460 ~-~-> 00:50:15,840
4743 we are looking at trades. If we're
4744
4745 1187
4746 00:50:15,840 ~-~-> 00:50:17,640
4747 looking for trades that have three to
4748
4749 1188
4750 00:50:17,640 ~-~-> 00:50:21,090
4751 one payout numbers, making as many times
4752
4753 1189
4754 00:50:21,090 ~-~-> 00:50:24,660
4755 three or more times what we risk, it
4756
4757 1190
4758 00:50:24,660 ~-~-> 00:50:26,910
4759 doesn't take very long to recoup the
4760
4761 1191
4762 00:50:26,910 ~-~-> 00:50:30,570
4763 loss. Okay. So theoretically, one could
4764
4765 1192
4766 00:50:30,570 ~-~-> 00:50:33,240
4767 argue the, the thought process of that
4768
4769 1193
4770 00:50:33,240 ~-~-> 00:50:34,860
4771 it's going to take you longer, that
4772
4773 1194
4774 00:50:34,860 ~-~-> 00:50:36,930
4775 doesn't hold water, okay. And if you put
4776
4777 1195
4778 00:50:36,930 ~-~-> 00:50:39,510
4779 it to, if you put these concepts to
4780
4781 1196
4782 00:50:39,510 ~-~-> 00:50:41,820
4783 task, you'll see what I mean it's it's
4784
4785 1197
4786 00:50:41,820 ~-~-> 00:50:45,270
4787 so much more understood, obviously, by
4788
4789 1198
4790 00:50:45,300 ~-~-> 00:50:46,950
4791 applying it and seeing it in action even
4792
4793 1199
4794 00:50:46,950 ~-~-> 00:50:48,960
4795 in a demo account setting which is what
4796
4797 1200
4798 00:50:48,960 ~-~-> 00:50:52,350
4799 I advise you to do anyway. Do not rush
4800
4801 1201
4802 00:50:52,350 ~-~-> 00:50:54,090
4803 the patterns wait for the setups and the
4804
4805 1202
4806 00:50:54,090 ~-~-> 00:50:56,280
4807 time of day for the highest possible
4808
4809 1203
4810 00:50:56,310 ~-~-> 00:51:00,990
4811 odds. Do not feel rushed. You don't need
4812
4813 1204
4814 00:51:00,990 ~-~-> 00:51:03,390
4815 to rush simply because you have time
4816
4817 1205
4818 00:51:03,390 ~-~-> 00:51:05,370
4819 that be sitting in from computers does
4820
4821 1206
4822 00:51:05,370 ~-~-> 00:51:07,200
4823 not equate to profitable trading. So
4824
4825 1207
4826 00:51:07,200 ~-~-> 00:51:08,460
4827 it's really important to hammer that in
4828
4829 1208
4830 00:51:08,460 ~-~-> 00:51:08,910
4831 your head.
4832
4833 1209
4834 00:51:11,070 ~-~-> 00:51:13,140
4835 Focus on 16 minute reaction levels
4836
4837 1210
4838 00:51:13,170 ~-~-> 00:51:16,470
4839 for ideal risk reward ratios again, many
4840
4841 1211
4842 00:51:16,470 ~-~-> 00:51:20,640
4843 times 123 or better. In other words, you
4844
4845 1212
4846 00:51:20,640 ~-~-> 00:51:24,300
4847 want at least three times what you
4848
4849 1213
4850 00:51:24,570 ~-~-> 00:51:26,940
4851 hope to absorb as a
4852
4853 1214
4854 00:51:26,970 ~-~-> 00:51:28,920
4855 not hope to but if you're willing to
4856
4857 1215
4858 00:51:28,920 ~-~-> 00:51:31,020
4859 take a loss in other words, if you take
4860
4861 1216
4862 00:51:31,020 ~-~-> 00:51:33,900
4863 a loss of 20 pips, okay, you're looking
4864
4865 1217
4866 00:51:33,900 ~-~-> 00:51:36,360
4867 for ideal trades at least 60 pips or
4868
4869 1218
4870 00:51:36,360 ~-~-> 00:51:39,000
4871 more. Okay, so the setup that you're
4872
4873 1219
4874 00:51:39,000 ~-~-> 00:51:41,460
4875 trading to the parameters that outline
4876
4877 1220
4878 00:51:41,460 ~-~-> 00:51:44,490
4879 that trade idea, the risk is defined to
4880
4881 1221
4882 00:51:44,490 ~-~-> 00:51:47,490
4883 20 pips, ideally you want 60 pips or
4884
4885 1222
4886 00:51:47,490 ~-~-> 00:51:49,800
4887 more in terms of profit potential, okay.
4888
4889 1223
4890 00:51:50,250 ~-~-> 00:51:52,710
4891 So if you stay in that realm, you'll
4892
4893 1224
4894 00:51:52,740 ~-~-> 00:51:55,230
4895 you'll be very, very effective in terms
4896
4897 1225
4898 00:51:55,260 ~-~-> 00:51:57,210
4899 of long term trading.
4900
4901 1226
4902 00:51:58,140 ~-~-> 00:51:59,910
4903 You only need to be about 70%
4904
4905 1227
4906 00:52:00,000 ~-~-> 00:52:00,630
4907 have the time,
4908
4909 1228
4910 00:52:02,040 ~-~-> 00:52:04,440
4911 you know, to be wildly profitable,
4912
4913 1229
4914 00:52:04,500 ~-~-> 00:52:06,630
4915 wildly profitable. But if you trade with
4916
4917 1230
4918 00:52:06,630 ~-~-> 00:52:09,900
4919 three to one, you can be far less
4920
4921 1231
4922 00:52:10,020 ~-~-> 00:52:12,000
4923 accurate in terms of your trading and
4924
4925 1232
4926 00:52:12,000 ~-~-> 00:52:13,860
4927 still be profitable. And that's really,
4928
4929 1233
4930 00:52:13,860 ~-~-> 00:52:15,270
4931 really where you want to start as a
4932
4933 1234
4934 00:52:15,270 ~-~-> 00:52:19,770
4935 trader. If you have no foundation in the
4936
4937 1235
4938 00:52:19,770 ~-~-> 00:52:21,960
4939 daily or four hour timeframes, you have
4940
4941 1236
4942 00:52:21,960 ~-~-> 00:52:24,120
4943 absolutely zero reason to be at this
4944
4945 1237
4946 00:52:24,120 ~-~-> 00:52:26,700
4947 late stage of analysis. Don't even look
4948
4949 1238
4950 00:52:26,700 ~-~-> 00:52:28,320
4951 at a 15 minute timeframe. Don't look at
4952
4953 1239
4954 00:52:28,320 ~-~-> 00:52:29,400
4955 a five minute chart because what you're
4956
4957 1240
4958 00:52:29,400 ~-~-> 00:52:30,360
4959 going to do is you're going to talk
4960
4961 1241
4962 00:52:30,360 ~-~-> 00:52:32,370
4963 yourself into a trade that may or may
4964
4965 1242
4966 00:52:32,370 ~-~-> 00:52:34,950
4967 not have its foundation or premise built
4968
4969 1243
4970 00:52:34,950 ~-~-> 00:52:36,360
4971 upon the higher time frame daily and
4972
4973 1244
4974 00:52:36,360 ~-~-> 00:52:38,370
4975 four hour and one hour charts.
4976
4977 1245
4978 00:52:40,560 ~-~-> 00:52:43,020
4979 Stay patient and stay focused results
4980
4981 1246
4982 00:52:43,020 ~-~-> 00:52:45,120
4983 will manifest and absolutely surprise
4984
4985 1247
4986 00:52:45,120 ~-~-> 00:52:46,350
4987 you. Now,
4988
4989 1248
4990 00:52:47,850 ~-~-> 00:52:49,230
4991 hopefully this course has been
4992
4993 1249
4994 00:52:49,290 ~-~-> 00:52:52,320
4995 insightful to you. And it's been crammed
4996
4997 1250
4998 00:52:52,320 ~-~-> 00:52:55,050
4999 with a lot of price action analysis
5000
5001 1251
5002 00:52:55,050 ~-~-> 00:52:57,540
5003 concepts that are unique to me. But
5004
5005 1252
5006 00:52:58,170 ~-~-> 00:53:01,260
5007 there are many In the world of
5008
5009 1253
5010 00:53:03,030 ~-~-> 00:53:05,760
5011 naysayers, okay to have watched some of
5012
5013 1254
5014 00:53:05,760 ~-~-> 00:53:07,410
5015 my material or if not all of my material
5016
5017 1255
5018 00:53:07,440 ~-~-> 00:53:09,450
5019 and walked away thinking, well, he has
5020
5021 1256
5022 00:53:09,450 ~-~-> 00:53:12,390
5023 too many moving parts, okay? And there's
5024
5025 1257
5026 00:53:12,390 ~-~-> 00:53:15,540
5027 too many things for his concepts to be
5028
5029 1258
5030 00:53:15,540 ~-~-> 00:53:17,790
5031 applicable. And again, I'm revisiting
5032
5033 1259
5034 00:53:17,790 ~-~-> 00:53:20,070
5035 that because I want to close with the
5036
5037 1260
5038 00:53:20,130 ~-~-> 00:53:24,120
5039 premise in mind that think about the
5040
5041 1261
5042 00:53:24,330 ~-~-> 00:53:28,170
5043 concept of riding a bike. Okay? When
5044
5045 1262
5046 00:53:28,170 ~-~-> 00:53:29,880
5047 you're a child, you want someone maybe
5048
5049 1263
5050 00:53:29,880 ~-~-> 00:53:31,050
5051 it was your older brother or sister
5052
5053 1264
5054 00:53:31,050 ~-~-> 00:53:33,660
5055 riding the bicycle. Okay, you aspired to
5056
5057 1265
5058 00:53:33,660 ~-~-> 00:53:35,610
5059 do that very thing. And perhaps that
5060
5061 1266
5062 00:53:35,610 ~-~-> 00:53:37,230
5063 person that you were trying to ride
5064
5065 1267
5066 00:53:37,350 ~-~-> 00:53:39,420
5067 like, Okay was able to do a wheelie No,
5068
5069 1268
5070 00:53:39,420 ~-~-> 00:53:41,280
5071 or take a ride on his rear rear wheel.
5072
5073 1269
5074 00:53:41,610 ~-~-> 00:53:42,450
5075 Okay, or
5076
5077 1270
5078 00:53:42,540 ~-~-> 00:53:44,070
5079 when I was growing up, we were
5080
5081 1271
5082 00:53:45,090 ~-~-> 00:53:48,240
5083 like two years of BMX bicycling and
5084
5085 1272
5086 00:53:48,630 ~-~-> 00:53:52,650
5087 trick, trick riding, where you could sit
5088
5089 1273
5090 00:53:52,650 ~-~-> 00:53:54,150
5091 on the handlebars and ride backwards on
5092
5093 1274
5094 00:53:54,150 ~-~-> 00:53:57,570
5095 a bike and that's advanced level riding.
5096
5097 1275
5098 00:53:57,900 ~-~-> 00:54:02,280
5099 Okay. You can't Do the things that those
5100
5101 1276
5102 00:54:02,280 ~-~-> 00:54:07,140
5103 types of riders, okay, perform until you
5104
5105 1277
5106 00:54:07,140 ~-~-> 00:54:09,690
5107 get past the training wheels. But before
5108
5109 1278
5110 00:54:09,690 ~-~-> 00:54:10,770
5111 you even get to the training wheels, you
5112
5113 1279
5114 00:54:10,770 ~-~-> 00:54:12,480
5115 got to be able to get on the bike and
5116
5117 1280
5118 00:54:12,480 ~-~-> 00:54:15,600
5119 mount yourself and stay on it before you
5120
5121 1281
5122 00:54:15,600 ~-~-> 00:54:17,640
5123 can even start pedaling. There's stages
5124
5125 1282
5126 00:54:17,640 ~-~-> 00:54:20,970
5127 of development. Okay? Now obviously, if
5128
5129 1283
5130 00:54:20,970 ~-~-> 00:54:22,710
5131 you were to break down each component
5132
5133 1284
5134 00:54:22,710 ~-~-> 00:54:27,090
5135 from the grandest scale of being
5136
5137 1285
5138 00:54:27,180 ~-~-> 00:54:29,700
5139 proficient at riding a bicycle, to the
5140
5141 1286
5142 00:54:29,700 ~-~-> 00:54:31,620
5143 minute detail of simply beginning the
5144
5145 1287
5146 00:54:31,620 ~-~-> 00:54:33,870
5147 origin of aspiring to one of the
5148
5149 1288
5150 00:54:33,870 ~-~-> 00:54:34,410
5151 bicycle,
5152
5153 1289
5154 00:54:34,560 ~-~-> 00:54:36,870
5155 okay, anything and everything could be
5156
5157 1290
5158 00:54:36,870 ~-~-> 00:54:41,640
5159 made very daunting with a measurable
5160
5161 1291
5162 00:54:41,790 ~-~-> 00:54:46,200
5163 level of explanation. But this in terms
5164
5165 1292
5166 00:54:46,200 ~-~-> 00:54:49,230
5167 of trading and speculation is so
5168
5169 1293
5170 00:54:49,470 ~-~-> 00:54:51,870
5171 dangerous to a trader with no real
5172
5173 1294
5174 00:54:51,870 ~-~-> 00:54:54,450
5175 understanding. It's important that you
5176
5177 1295
5178 00:54:54,450 ~-~-> 00:54:56,550
5179 have as much understanding general
5180
5181 1296
5182 00:54:56,550 ~-~-> 00:54:59,850
5183 knowledge before you put your money at
5184
5185 1297
5186 00:54:59,850 ~-~-> 00:55:03,030
5187 risk. risk, okay. And I think if you
5188
5189 1298
5190 00:55:03,510 ~-~-> 00:55:05,670
5191 studied this information, and you had
5192
5193 1299
5194 00:55:05,670 ~-~-> 00:55:07,230
5195 traded prior to understanding these
5196
5197 1300
5198 00:55:07,230 ~-~-> 00:55:09,090
5199 things, you would feel a little foolish
5200
5201 1301
5202 00:55:09,090 ~-~-> 00:55:11,790
5203 on your part that you, you're probably
5204
5205 1302
5206 00:55:11,790 ~-~-> 00:55:13,650
5207 questioning why you were trading before
5208
5209 1303
5210 00:55:13,650 ~-~-> 00:55:15,180
5211 you understood these types of things.
5212
5213 1304
5214 00:55:16,199 ~-~-> 00:55:18,119
5215 And that's good to to identify that.
5216
5217 1305
5218 00:55:18,600 ~-~-> 00:55:21,840
5219 But my main point here is, while it
5220
5221 1306
5222 00:55:21,840 ~-~-> 00:55:25,380
5223 takes a large amount of time and effort
5224
5225 1307
5226 00:55:25,440 ~-~-> 00:55:28,080
5227 on my part and yours, to discern the
5228
5229 1308
5230 00:55:28,080 ~-~-> 00:55:31,050
5231 general approach and concept and core
5232
5233 1309
5234 00:55:31,050 ~-~-> 00:55:34,770
5235 tenants to how I view and analysis, the
5236
5237 1310
5238 00:55:35,490 ~-~-> 00:55:38,490
5239 overall summary of these things, okay,
5240
5241 1311
5242 00:55:38,760 ~-~-> 00:55:40,830
5243 are very condensed, and even this
5244
5245 1312
5246 00:55:40,830 ~-~-> 00:55:43,080
5247 summary here, once you understand
5248
5249 1313
5250 00:55:43,080 ~-~-> 00:55:45,780
5251 specifically what it is, it's expected
5252
5253 1314
5254 00:55:45,780 ~-~-> 00:55:46,320
5255 of you,
5256
5257 1315
5258 00:55:46,979 ~-~-> 00:55:47,729
5259 as a trader,
5260
5261 1316
5262 00:55:48,630 ~-~-> 00:55:50,340
5263 you could take this entire summary and
5264
5265 1317
5266 00:55:50,340 ~-~-> 00:55:53,670
5267 place it in a form of simple text that
5268
5269 1318
5270 00:55:53,670 ~-~-> 00:55:55,200
5271 will fit on a business card.
5272
5273 1319
5274 00:55:55,800 ~-~-> 00:55:57,210
5275 Okay. Basically,
5276
5277 1320
5278 00:55:57,990 ~-~-> 00:56:01,020
5279 this is a summarized You have what it is
5280
5281 1321
5282 00:56:01,020 ~-~-> 00:56:02,070
5283 you should have gleaned
5284
5285 1322
5286 00:56:02,220 ~-~-> 00:56:04,440
5287 from this course. But ultimately it's
5288
5289 1323
5290 00:56:04,440 ~-~-> 00:56:04,890
5291 this.
5292
5293 1324
5294 00:56:06,150 ~-~-> 00:56:07,770
5295 If the daily chart suggests it's going
5296
5297 1325
5298 00:56:07,770 ~-~-> 00:56:09,870
5299 to go up, and the four hour is in
5300
5301 1326
5302 00:56:09,870 ~-~-> 00:56:12,090
5303 agreement that it's going to go up, use
5304
5305 1327
5306 00:56:12,090 ~-~-> 00:56:15,330
5307 the one hour chart to set up a timeframe
5308
5309 1328
5310 00:56:16,470 ~-~-> 00:56:18,630
5311 setup that allows at least three to one
5312
5313 1329
5314 00:56:18,660 ~-~-> 00:56:19,410
5315 risk reward.
5316
5317 1330
5318 00:56:19,740 ~-~-> 00:56:20,130
5319 Okay,
5320
5321 1331
5322 00:56:20,550 ~-~-> 00:56:22,410
5323 so to summarize that would be simply
5324
5325 1332
5326 00:56:22,410 ~-~-> 00:56:22,740
5327 this,
5328
5329 1333
5330 00:56:23,040 ~-~-> 00:56:24,270
5331 look at an hourly chart.
5332
5333 1334
5334 00:56:25,830 ~-~-> 00:56:28,320
5335 By when the daily and four hour suggests
5336
5337 1335
5338 00:56:28,620 ~-~-> 00:56:31,500
5339 it's likely to go higher. Use your fibs
5340
5341 1336
5342 00:56:31,500 ~-~-> 00:56:36,090
5343 for optimal trade entry pattern where it
5344
5345 1337
5346 00:56:36,090 ~-~-> 00:56:38,310
5347 overlaps with an order block, use a
5348
5349 1338
5350 00:56:38,310 ~-~-> 00:56:40,440
5351 previous high as your first objective to
5352
5353 1339
5354 00:56:40,500 ~-~-> 00:56:43,110
5355 exit with profit and then use Fibonacci
5356
5357 1340
5358 00:56:43,110 ~-~-> 00:56:45,150
5359 extensions to take your additional
5360
5361 1341
5362 00:56:45,390 ~-~-> 00:56:49,080
5363 profits look to be buying on a Monday
5364
5365 1342
5366 00:56:49,080 ~-~-> 00:56:51,390
5367 Tuesday or Wednesday when it's bullish.
5368
5369 1343
5370 00:56:51,690 ~-~-> 00:56:55,410
5371 Okay. And diverse reverses said for
5372
5373 1344
5374 00:56:55,410 ~-~-> 00:56:59,100
5375 sells. You time your entries during
5376
5377 1345
5378 00:56:59,100 ~-~-> 00:57:03,300
5379 London in New York. Risk only 1% or one
5380
5381 1346
5382 00:57:03,300 ~-~-> 00:57:04,800
5383 quarter percent or one half percent
5384
5385 1347
5386 00:57:04,800 ~-~-> 00:57:07,590
5387 based on your understanding towards
5388
5389 1348
5390 00:57:07,590 ~-~-> 00:57:09,240
5391 either. If you're brand new at this,
5392
5393 1349
5394 00:57:09,390 ~-~-> 00:57:12,120
5395 it's one quarter of 1%. Even in a demo
5396
5397 1350
5398 00:57:12,120 ~-~-> 00:57:13,410
5399 account, don't think just because it's
5400
5401 1351
5402 00:57:13,410 ~-~-> 00:57:15,060
5403 not real money, you know, you're not
5404
5405 1352
5406 00:57:15,060 ~-~-> 00:57:16,350
5407 going to, you know, learn anything,
5408
5409 1353
5410 00:57:16,350 ~-~-> 00:57:18,990
5411 you're gonna learn a whole lot, or as
5412
5413 1354
5414 00:57:18,990 ~-~-> 00:57:21,720
5415 much as half of 1%. But certainly no
5416
5417 1355
5418 00:57:21,720 ~-~-> 00:57:23,400
5419 more than 1% because it's important to
5420
5421 1356
5422 00:57:23,430 ~-~-> 00:57:26,580
5423 develop the idea of growing your money
5424
5425 1357
5426 00:57:26,580 ~-~-> 00:57:28,800
5427 steadily, but not exponentially quick.
5428
5429 1358
5430 00:57:29,010 ~-~-> 00:57:31,350
5431 Okay? That can come at a later time when
5432
5433 1359
5434 00:57:31,350 ~-~-> 00:57:33,510
5435 you understand a lot more about yourself
5436
5437 1360
5438 00:57:33,510 ~-~-> 00:57:36,270
5439 as a trader, not in the beginning. Okay?
5440
5441 1361
5442 00:57:36,690 ~-~-> 00:57:38,820
5443 So simply having the understanding of
5444
5445 1362
5446 00:57:38,820 ~-~-> 00:57:40,050
5447 all the things that we've talked about
5448
5449 1363
5450 00:57:40,050 ~-~-> 00:57:42,900
5451 in here, okay, incorporating that into a
5452
5453 1364
5454 00:57:42,900 ~-~-> 00:57:45,900
5455 process. By doing that systematically
5456
5457 1365
5458 00:57:45,900 ~-~-> 00:57:47,340
5459 over and over and over again, it will
5460
5461 1366
5462 00:57:47,340 ~-~-> 00:57:50,520
5463 become ingrained in your memory. It'll
5464
5465 1367
5466 00:57:50,520 ~-~-> 00:57:53,820
5467 be a process of simply just doing it and
5468
5469 1368
5470 00:57:53,820 ~-~-> 00:57:57,390
5471 not thinking about it. But collectively,
5472
5473 1369
5474 00:57:57,420 ~-~-> 00:57:59,100
5475 if you understand everything that was
5476
5477 1370
5478 00:57:59,100 ~-~-> 00:58:02,130
5479 talked about Conceptually broken down
5480
5481 1371
5482 00:58:02,640 ~-~-> 00:58:04,620
5483 the understanding of actually doing the
5484
5485 1372
5486 00:58:04,620 ~-~-> 00:58:07,200
5487 very things, the procedure can be really
5488
5489 1373
5490 00:58:07,200 ~-~-> 00:58:10,980
5491 condensed to a business card, amount of
5492
5493 1374
5494 00:58:10,980 ~-~-> 00:58:13,350
5495 space in terms of identifying. But if
5496
5497 1375
5498 00:58:13,350 ~-~-> 00:58:15,180
5499 you were to take that business card and
5500
5501 1376
5502 00:58:15,180 ~-~-> 00:58:17,130
5503 hand it to someone that has no
5504
5505 1377
5506 00:58:17,130 ~-~-> 00:58:18,450
5507 understanding or general understanding
5508
5509 1378
5510 00:58:18,450 ~-~-> 00:58:21,150
5511 of how the markets operate, that
5512
5513 1379
5514 00:58:21,210 ~-~-> 00:58:23,400
5515 business card is the same thing I said,
5516
5517 1380
5518 00:58:23,430 ~-~-> 00:58:26,160
5519 when I initially came out on baby pips,
5520
5521 1381
5522 00:58:26,610 ~-~-> 00:58:27,690
5523 and said that I could put this
5524
5525 1382
5526 00:58:27,690 ~-~-> 00:58:29,910
5527 information on the front of USA Today,
5528
5529 1383
5530 00:58:29,910 ~-~-> 00:58:32,610
5531 and it would go largely ignored, because
5532
5533 1384
5534 00:58:32,610 ~-~-> 00:58:33,930
5535 it would go right over everyone's head.
5536
5537 1385
5538 00:58:34,620 ~-~-> 00:58:36,300
5539 So that's why I forced you number one
5540
5541 1386
5542 00:58:36,300 ~-~-> 00:58:39,450
5543 with six months of study time. I forced
5544
5545 1387
5546 00:58:39,450 ~-~-> 00:58:43,200
5547 you to have exercises modularly. And now
5548
5549 1388
5550 00:58:43,230 ~-~-> 00:58:45,120
5551 with this, even though if someone's just
5552
5553 1389
5554 00:58:45,120 ~-~-> 00:58:46,440
5555 looking at this video module, they're
5556
5557 1390
5558 00:58:46,440 ~-~-> 00:58:47,790
5559 thinking this is ridiculous, this is
5560
5561 1391
5562 00:58:47,790 ~-~-> 00:58:50,100
5563 useless. That's precisely my point.
5564
5565 1392
5566 00:58:50,370 ~-~-> 00:58:51,930
5567 You got to go back through the videos,
5568
5569 1393
5570 00:58:52,199 ~-~-> 00:58:54,179
5571 take those pieces of information to
5572
5573 1394
5574 00:58:54,209 ~-~-> 00:58:56,369
5575 arrive at this summary. And when you
5576
5577 1395
5578 00:58:56,369 ~-~-> 00:58:58,229
5579 formulate it in this form here, when you
5580
5581 1396
5582 00:58:58,229 ~-~-> 00:58:59,999
5583 understand each component, you have
5584
5585 1397
5586 00:58:59,999 ~-~-> 00:59:02,639
5587 Absolutely the ICT million dollar
5588
5589 1398
5590 00:59:02,639 ~-~-> 00:59:05,009
5591 trading plan. And with that, guys, I
5592
5593 1399
5594 00:59:05,009 ~-~-> 00:59:05,849
5595 wish you good luck
5596
5597 1400
5598 00:59:06,270 ~-~-> 00:59:07,050
5599 and good trading