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ICT - Trading Plan Development 4.srt

Last modified by Drunk Monkey on 2021-06-11 13:57
1 00:00:11,759 --> 00:01:17,849 ICT: This now, when you first get introduced to trading, and you've read the forums, and maybe you've gotten your hands on a few technical books, or listen
2 00:01:17,849 --> 00:01:29,159 to a few mentors speaking on YouTube or, or on TV, that maybe some of these questions popped up, because this is basically the same questions that I came
3 00:01:29,429 --> 00:01:42,089 upon as a new trader years ago. And I saw all these technical tools in these, these applications that one could use for, for charting. And I always wanted
4 00:01:42,119 --> 00:01:55,409 what specific technicals? What specific technical tools do I use? Okay, and what timeframes do I use? And what tools do I use during those specific timeframes?
5 00:01:56,249 --> 00:02:04,859 It really, where do I begin? And maybe you've had those same questions come across in your own development? Or maybe it's where you're struggling right now,
6 00:02:04,859 --> 00:02:15,599 as a new trader, maybe you just started looking at forex, and or, you know, trading in nature as a whole. And you're struggling with this very foundation as
7 00:02:15,599 --> 00:02:24,149 to where to begin using the technical tools and timeframes? Well, this presentation is going to focus on one defining specific technical tools,
8 00:02:24,869 --> 00:02:36,569 assigning specific tools to specific timeframes, and I'm going to illustrate how you can set up layouts and share with you some time saving uses of Mt for
9 00:02:36,689 --> 00:02:37,439 templates.
10 00:02:44,790 --> 00:02:55,050 I first the monthly chart, okay, the monthly timeframe is the largest macro view that we work with in technical analysis. And we open our charts up on a monthly
11 00:02:55,050 --> 00:03:06,060 timeframe. You want to have a designated chart specifically for your monthly, okay, because you're not going to use it too much in terms of everyday use. But
12 00:03:06,060 --> 00:03:14,580 at least once a week, maybe midweek you'll refer to it. But when you're using this chart, you want to be using it for referencing the higher timeframe. Key
13 00:03:14,580 --> 00:03:24,330 support resistance levels, you want to be looking for your Fibonacci levels, measuring highs or lows, look for retracements even extensions. Looking for
14 00:03:24,330 --> 00:03:36,810 classic price patterns, trends. Directional probabilities on higher timeframe tend to have a higher magnitude in duration versus danger day charting concepts.
15 00:03:37,590 --> 00:03:44,640 So generally, moves that are underway on a monthly chart tend to stay on their way for a great period of time. So a lot of your directional premises is going
16 00:03:44,640 --> 00:03:56,370 to derive and originate from that monthly chart. And using a monthly momentum indicator is useful when you're using trending concepts. So when the monthly
17 00:03:56,370 --> 00:04:08,460 chart is trending, if you see a oversold condition moving out of oversold into an upward trending indication on your momentum in here it could be a stochastic
18 00:04:08,460 --> 00:04:17,910 it could be a MACD. When you see that it adds confirmation to hopefully your already established premise that the market should be bouncing off support
19 00:04:17,910 --> 00:04:28,290 levels and moving higher comparably. But the monthly timeframe your focal points are really going to be but the monthly timeframe really focal points you're
20 00:04:28,290 --> 00:04:36,750 going to be trying to determine the higher time frame support resistance levels that you'll carry down through all the way to your daily intraday charts. You're
21 00:04:36,750 --> 00:04:47,670 going to be identifying key Fibonacci levels based on key price swings, hiring low looking for extensions and retracements. And you're even trying to do a
22 00:04:47,670 --> 00:04:58,590 macro view and analysis on determining the long term direction based on the monthly chart. You're gonna be monitoring long term sentiment as well based on
23 00:04:58,590 --> 00:05:06,240 overbought or oversold you In your momentum indicator, again it could be stochastic it could be RSI, going through sonar or even a MACD
24 00:05:12,900 --> 00:05:23,040 the weekly chart okay the weekly timeframe your focus is going to be again moving that monthly support resistance levels down to your weekly. And by
25 00:05:23,190 --> 00:05:34,500 focusing on the key support resistance, the key support resistance levels as you see on the weekly chart you'll have a higher degree of higher time frame support
26 00:05:34,500 --> 00:05:42,510 resistance levels both those levels seen in the monthly and now a new levels that are apparent using the weekly chart. Now we're going to be looking at
27 00:05:42,510 --> 00:05:51,900 market structure more efficiently because you'll have a better gauge on price swings using the weekly chart and having market structure okay And much like we
28 00:05:51,900 --> 00:06:01,560 did on the week our monthly chart Fibonacci levels will be derived based on the swing highs and swing lows, look for extensions and or retracement levels to
29 00:06:02,070 --> 00:06:12,180 look for convergence on lower timeframes and or targets. Now on the weekly chart, you're going to be looking for your co t analysis with this timeframe.
30 00:06:12,210 --> 00:06:24,150 Okay, we are following the net traders position. Okay. And I use the price charts calm you can use any any service that you find suitable for your tastes.
31 00:06:24,870 --> 00:06:34,290 But like I said, I've grown an affinity towards these charts I dislike them. You're not limited to just this for these concepts that work is just a matter of
32 00:06:34,290 --> 00:06:44,850 preference on my part, but you're studying the net trading position on a weekly chart. Okay, not on any other timeframe you focus in on the weekly and having a
33 00:06:44,850 --> 00:06:59,610 weekly momentum indicator again much like monthly stochastic MACD RSI or even a percent R is effective as well as momentum and sentiment purposes. focal points
34 00:06:59,610 --> 00:07:08,160 obviously for the weekly chart is going to be determining the higher time frame support resistance levels on this time frame and transposing those that you find
35 00:07:08,190 --> 00:07:19,050 on the monthly chart down to the weekly as well. You'll be identifying market structure key swings in the high and low. Okay, and identifying key resistance
36 00:07:19,080 --> 00:07:27,510 and support levels based on Fibonacci levels as well. So we're gonna be looking for convergences, and you're gonna be trying to determine what the commercial
37 00:07:27,510 --> 00:07:38,340 traders trend is based on the CBOT. It's not to simply are we overbought oversold, and are we trending higher or lower. But we're now we're also going to
38 00:07:38,490 --> 00:07:47,910 add the fact that we have to understand what the traders are doing in the commercial realm. Just because the market is in a downtrend, if there's a high
39 00:07:48,330 --> 00:07:57,120 level extreme net long position, that could be an indication that the commercials are pricing low in the marketplace and being a bear may not be
40 00:07:58,230 --> 00:08:10,680 advantageous for you. And vice versa looking for. Obviously, much like we did on the monthly monitoring the long term sentiment based on momentum and or market
41 00:08:10,680 --> 00:08:14,250 sentiment or similar concepts that arrive at that.
42 00:08:21,150 --> 00:08:30,390 Okay, the daily timeframe. Okay, on your daily chart, obviously, we would transpose our monthly and weekly key support resistance levels, because that's
43 00:08:30,390 --> 00:08:39,120 paramount in our trading. Again, that's what we did on a weekly market structure is going to be very, very effective. In this timeframe, you'll start seeing a
44 00:08:39,120 --> 00:08:50,190 lot more symmetry in the market with this specific timeframe. And much like we had in our monthly and weekly Fibonacci is always going to be present in every
45 00:08:50,190 --> 00:09:00,210 timeframe. We trade looking for extensions and retracements. And now on this timeframe, we add the concept of open interest. So you're looking at open
46 00:09:00,210 --> 00:09:09,750 interest, which is total open interest on the specific currency pair that's traded. Okay, in other words, the cable, you're gonna be looking at the British
47 00:09:09,750 --> 00:09:19,890 Pound futures contract in the futures market. And you'll be following the total open interest. Okay, you're not looking at just the open interest for the nearby
48 00:09:19,890 --> 00:09:30,690 you're looking at total open interest. Okay. And obviously, we learned that open interest is an indication of commercial net short selling. The higher the open
49 00:09:30,690 --> 00:09:39,330 interest the greater than net short position or net selling that the commercial traders are doing. And if there's a drop in open interest, that could be a
50 00:09:39,390 --> 00:09:49,890 indication that they are lessening their shorts and that could be bullish in nature. But the open interest concept is applied to your daily timeframe, a
51 00:09:49,890 --> 00:10:00,270 momentum indicator as well as useful on this timeframe. Again, you could be as simple as RSI Williams for sonar stochastic or MACD. It's not a you know hard
52 00:10:00,270 --> 00:10:08,040 and fast rule there has to be one or the other. It's just a matter of preference. Simple overbought, oversold and divergence is what you're looking
53 00:10:08,040 --> 00:10:17,970 for. And that will be a preference that you had determined for you as a trader. focal points for the daily chart obviously you're gonna be trying to determine
54 00:10:17,970 --> 00:10:25,200 the intermediate term timeframe support resistance levels and looking at the higher timeframe weekly and monthly support resistance levels as well so there's
55 00:10:25,200 --> 00:10:35,610 going to be new levels determined and arrived at with each level as we go lower isn't matter of looking confluences between the levels and the greater the
56 00:10:35,610 --> 00:10:43,080 confluence The higher the degree the support resistance level is going to be. Gonna be identifying market structure, key swings, highs and lows. And within
57 00:10:43,080 --> 00:10:51,600 those keys, high swings or lows, you're gonna be looking at Fibonacci extensions and retracement levels looking for convergences. We're gonna be trying to define
58 00:10:51,600 --> 00:11:00,390 the commercial traders open interest. Okay, are they adding to shorts? Are they lessening shorts? Okay, based on the relationship of open interest and price
59 00:11:00,390 --> 00:11:10,110 action, you're gonna be monitoring intermediate term sentiment through your momentum indicator, and you'd be monitoring correlation concepts now within this
60 00:11:10,110 --> 00:11:13,890 timeframe SMT divergence us dx SMT as well.
61 00:11:19,620 --> 00:11:27,780 Alright, the four hour time frame, okay, where your focus is for this timeframe, obviously the higher timeframe key support resistance levels transposed to this
62 00:11:27,780 --> 00:11:38,430 time frame as well. Now we're gonna introduce the monthly Trinity. Okay, we're looking at the previous month's range high and low and all of the matrix levels
63 00:11:38,430 --> 00:11:49,950 that make up my ICT Trinity level indicator. And I'm not going to go into that here obviously there's its own teaching on it. And if you're new and you're just
64 00:11:49,950 --> 00:11:59,610 watching this the the Trinity tools will be made available to you as well in the thread on baby pips. So if you see this video and you scratch your head, what is
65 00:11:59,610 --> 00:12:15,840 the Trinity here, you'll find it on baby pips, threads, millionaires traders guild thread in the forum section on baby pips calm we'll be looking at the
66 00:12:15,840 --> 00:12:25,980 Fibonacci levels as well on the four hour based on key highs and lows in the swings. And now we're going to be introducing, in this timeframe, the pivot
67 00:12:25,980 --> 00:12:34,170 points, we're gonna be utilizing the own monthly pivots only on the four hour okay, because you don't have all these levels and lines on your chart cuz you
68 00:12:34,170 --> 00:12:43,890 won't be able to see price action, which is the more important tenant to your analysis, not all these, these indicators, the monthly pivot points, you'll plot
69 00:12:43,950 --> 00:12:54,060 on your four hour chart, okay. Obviously, my market structure is a crucial factor as well on this timeframe as well looking for trend consolidation,
70 00:12:54,240 --> 00:13:04,350 reversal, market profiling all those things. New dovetail nicely with this, this premise in market structure, are we bullish or bearish? Have we put in an
71 00:13:04,380 --> 00:13:15,780 intermediate term high or low and looking to trade comparably price patterns, it's simple classic price patterns, ascending triangles, pennants, head and
72 00:13:15,780 --> 00:13:28,950 shoulders, Bull flags, bear flags, anything of that nature ICT, holy grails, auto trade entries, reflections, turtle soups, anything that we use as price
73 00:13:28,950 --> 00:13:37,440 pattern trader, we could utilize, obviously, on the four hour timeframe. Now, obviously price patterns aren't limited just to four hour, it's in every
74 00:13:37,440 --> 00:13:48,690 timeframe, but you're really gonna be heavily focused on the four hour because now we're getting closer to the dynamic trend of the market. intermediate term.
75 00:13:48,750 --> 00:13:57,060 Okay. And before I was going to be a very dynamic timeframe for you as a trader, whether you're a position trader, short term trader day trader, this timeframe
76 00:13:57,090 --> 00:14:06,840 is very strong because it gives you the best of both worlds, both long term and intermediate term, but it's still applicable for day trading as well. And then
77 00:14:06,870 --> 00:14:16,050 obviously, momentum indicators used on this timeframe is advantageous as well. Your focal points obviously for the four hour is you're going to determining its
78 00:14:16,050 --> 00:14:24,150 own short resistance levels for this timeframe for the short term. And you'll be identifying the market structure, key highs and lows and swings within it. And
79 00:14:24,180 --> 00:14:33,660 utilizing those key swings. Up and down. You'd be pulling your Fibonacci levels for retracements and extensions and looking for confluences. And you'd be
80 00:14:33,660 --> 00:14:42,900 defining buy and sell pivot zones based on the monthly pivots again, stressing the fact that we're plotting monthly pivots only on the four hour time frame.
81 00:14:43,560 --> 00:14:50,220 You're gonna be monitoring the intermediate term sentiment based on your overbought oversold indicator and momentum. And again, it could be stochastics,
82 00:14:50,220 --> 00:15:00,480 RSI waves, sonar, MACD, whatever your preference is. I'm not going to give you a box v within you determine what indicator you want to use, but only Pick one,
83 00:15:00,480 --> 00:15:11,130 you don't need 15 of them. Okay. And obviously defining the overbought and oversold basis on the previous month range. Okay. And that's the monthly
84 00:15:11,130 --> 00:15:20,760 Trinity. Where are we in relation to the previous month range? Are we near the high? Are we near the low? Are we in the middle? All those things are in inputs
85 00:15:20,760 --> 00:15:28,470 that we have to have as traders to add a little bit more credibility to the signals that we're probably saying I'm not lower timeframe.
86 00:15:33,600 --> 00:15:42,210 Okay, the one hour timeframe 16 minute chart. Obviously, all the higher time frames and resistance levels are going to be transposed this timeframe as well.
87 00:15:42,480 --> 00:15:49,290 But now we're going to introduce the weekly Trinity, the ICT weekly Trinity, looking at the previous week's high and low and breaking it down and giving the
88 00:15:49,290 --> 00:15:59,580 matrix levels. Fibonacci levels also, much like we do in every other timeframe. And now we're going to be looking at the pivot points on a weekly basis. So on
89 00:15:59,580 --> 00:16:09,930 the 60 minute chart, I plot the weekly pivots. Okay, so, one hour charts, weekly pivots for our charts, monthly pivots. So if you're looking for pivots, that's
90 00:16:09,930 --> 00:16:18,930 where that's where I utilize the higher timeframe pivot points, monthly on the four hour weeklies on the 60 minute or one hour chart. Mark structures also
91 00:16:18,930 --> 00:16:28,470 reflected at this timeframe as well looking for the overall price structure. Are we moving higher or lower? consolidating? Are we getting re re reverse? do you
92 00:16:28,470 --> 00:16:36,810 market profiling here as well, it'll be advantageous to determine where you're at in the higher timeframe premise and trading in that that market structure is
93 00:16:36,810 --> 00:16:47,970 going to help you have higher odds for your trade to pan out in a more profitable manner, price patterns as well. Classic in nature and individualized
94 00:16:47,970 --> 00:16:59,910 and specialty and momentum indicator also plotted on a 60 minute chart. Now. Mac, the MACD and stochastics I think, do well with this one. So if there's any
95 00:16:59,910 --> 00:17:08,910 one timeframe, I'm going to more or less advise a specific momentum indicator, it'd be MACD and or stochastics for this particular hour hourly timeframe. Now
96 00:17:08,910 --> 00:17:16,320 focal points for the 60 minute chart is obviously gonna be determining its own short term support resistance levels, not only having the higher time frame
97 00:17:16,320 --> 00:17:25,830 transpose this timeframe, but you're looking for the specific short term and high. I'm sorry, the short term support resistance levels for this timeframe, 60
98 00:17:25,830 --> 00:17:35,550 minutes, and identifying the market structure within this time frame, looking at key highs and lows and swings within it and pulling your Fibonacci between those
99 00:17:35,550 --> 00:17:44,700 swings looking for retracements and extensions. And you'll be trying to define buy and sell pivot zones based on the weekly pivots. Okay, again, weekly pivot
100 00:17:44,700 --> 00:17:54,270 points are being plotted on the 60 minute chart. Where are we at relationship to the weekly pivot matrix are we above the central pivot for sell zone, are we
101 00:17:54,270 --> 00:18:01,320 below the central pivot for the buy zone, okay, and you're going to be monitoring the short term sentiment based on your momentum indicator. And you're
102 00:18:01,320 --> 00:18:07,170 gonna be defining your overbought oversold basis, the previous week's range and that's the weekly ICT Trinity.
103 00:18:14,010 --> 00:18:26,490 Alright, the 15 minute chart. Now, obviously, again, the higher time frame support resistance levels will be transposed to this level and of time. And now
104 00:18:26,490 --> 00:18:37,050 we're gonna be adding the previous three days highs and lows. Okay. And by having the last three days highs and lows, it'll help you trade within a daily
105 00:18:37,050 --> 00:18:45,990 fractal high or low. So if you have a higher timeframe premise, you have a higher timeframe market structure that you identified, you can trade within
106 00:18:45,990 --> 00:18:53,730 that, as for instance, if you're bullish on the marketplace, and you see fractal low forming, okay, you'll be able to see it clearly within a 15 minute chart.
107 00:18:54,120 --> 00:19:04,290 And you'll be able to reference where you're at in terms of that market structure and look for optimal trade entry buys reflection buys, okay, or other
108 00:19:04,290 --> 00:19:11,730 bullish patterns that would put you long in the marketplace to trade within the higher timeframe premise and vice versa looking for shorts in a bearish high
109 00:19:11,730 --> 00:19:19,080 timeframe market structure. Fibonacci levels, we're gonna be pulled from key support resistance levels in highs and lows as well, much like we did in all the
110 00:19:19,080 --> 00:19:30,600 previous timeframes. pivot points now are going to be on the daily basis. Now they are going to be ran off of GMT time and New York, midnight time. I toggle
111 00:19:30,630 --> 00:19:42,540 between the two. And I look for conferences. You can be a hard and fast GMT pivot man and or lady in deference to women sorry, the New York midnight
112 00:19:42,540 --> 00:19:50,580 timeframe could be your pivot choice as well. me because I understand that price isn't going to be always black and white. There's a gray area we have to live
113 00:19:50,580 --> 00:20:02,970 within. So I have to be flexible and I'll toggle between the two GMT in New York and I do this toggling between the sessions and onwards I'll be looking at GMT
114 00:20:03,720 --> 00:20:13,740 up until we get to midnight timeframe, john Asia. And then I'll start looking at New York pivots when we go into Frankfurt and London and look for some some
115 00:20:13,770 --> 00:20:23,580 conferences and but still referencing the previous GMT pivots as well. And then in New York also have a reference to GMT pivots. And New York also to see if
116 00:20:23,580 --> 00:20:37,770 there's any disparity or conferences where I could elect to choose one or the other s&t concepts USD x and correlate appear smts will be very, very notable
117 00:20:37,770 --> 00:20:46,500 one this timeframe. So it's, that's where we're going to spend a lot of time looking at key highs and lows and referencing failure swings between the two for
118 00:20:47,730 --> 00:20:57,570 inter market analysis. The Asian range is going to be utilized in the 15 minute time frame, that's zero GMT two five GMT, you have that five on your chart,
119 00:20:57,810 --> 00:21:05,400 that's going to be the initial high and low of the day. So you can be implementing that on the 15 minute timeframe. And obviously, looking for price
120 00:21:05,400 --> 00:21:14,910 patterns, optimal trade entries, reflections, classic chart patterns as well. Your focal points obviously are looking for the intraday support resistance
121 00:21:14,910 --> 00:21:22,680 levels for this particular time frame and also the higher time frame as well. You're gonna be identifying the market structure within this time frame to trade
122 00:21:22,680 --> 00:21:31,710 in sync with the higher time frame market structure. Okay, so that'll hopefully get you in sync with the higher time frame macro directional premise where most
123 00:21:31,710 --> 00:21:40,800 of the institutional and high level banking flows will be moving the market anyway. And you want to be riding the coattails of those participants, not just
124 00:21:40,800 --> 00:21:48,750 getting in there, you know, throwing the dice hopefully being right on the assumption that you your chart may be indicating you want to be trading on these
125 00:21:48,750 --> 00:21:57,000 higher timeframe charts. Okay. Obviously, looking for key swings in the marketplace highs and lows, you'd be pulling your Fibonacci levels for
126 00:21:57,000 --> 00:22:07,170 extensions and retracements looking for confluences defining buy and sell pivot zones based on the daily pivots again, 15 minute chart is going to have daily
127 00:22:07,170 --> 00:22:17,130 pivots. The 60 minute, we'll have the weekly pivots, for our has the monthly pivots, okay. And then we're going to delineate the initial range high and low
128 00:22:17,190 --> 00:22:25,890 basis, the Asian range indicator, okay, that's going to be plotting the zero GMT to five GMT, that window of opportunity, that is the accumulation distribution
129 00:22:25,890 --> 00:22:38,370 phase for the day, that's where they are establishing the beginning of the daily range. And what we do based on that breaking out falsely or confirmed above or
130 00:22:38,370 --> 00:22:51,450 below the high low that is, will obviously be taught during the London open portion of this presentation. Part Seven. Okay, so this is only part 40 got it
131 00:22:51,450 --> 00:23:01,530 got more stages to get to that. But obviously, in this stage of timeframe, 15 minutes, you're gonna be looking to define fractal formations and swing points.
132 00:23:01,650 --> 00:23:11,280 Okay, now it's not limited to that a 15 minute chart, obviously you can start to break down your fractal formations and daily highs and lows. Looking at the last
133 00:23:11,280 --> 00:23:21,360 three in the 60 minute chart. Okay, I just for the sake of clarity on my charts, I like the 15 minute chart, if the price action will permit if it gets a little
134 00:23:21,360 --> 00:23:31,860 cluttered, and if real choppy I'll zoom out to a 60 minute chart and use this same analysis looking at fractal formations based on the last three days highs
135 00:23:31,860 --> 00:23:32,340 and lows.
136 00:23:38,280 --> 00:23:46,500 All right Finally, the five minute time frames is the smallest timeframe that I utilize in my trading and focal points obviously using the higher time frames
137 00:23:46,500 --> 00:23:56,550 for it just as levels transposed down to this timeframe. Again, focusing on the previous three days highs and lows, pulling your Fibonacci from your swing highs
138 00:23:56,550 --> 00:24:06,480 and swing lows and particular dominant price swings. Look for extensions and retracements. Your pivot points obviously will be plotted still on this
139 00:24:06,480 --> 00:24:15,180 timeframe much like the 15 minute now you're going to be adding the kill zones Okay, so you're gonna be mapping time of day on this particular timeframe. Your
140 00:24:15,180 --> 00:24:24,300 London open kill zone, your New York open kill zone you're running close to kill zone and you're Asia's kill zone if you trade Asia Asian range will be on this
141 00:24:24,300 --> 00:24:35,640 timeframe as well. And you're also going to be now implementing the average daily range on a five day basis. Okay looking for targets intraday. main focal
142 00:24:35,640 --> 00:24:44,730 points for this timeframe is obviously looking to determine short term intraday timeframe support resistance, not only the higher time frame but its individual
143 00:24:44,730 --> 00:24:52,800 support resistance and dealing range highs and lows. You're going to be identifying the daily highs and lows in the previous three sessions. Okay, so in
144 00:24:52,800 --> 00:25:01,410 other words, not only are you looking at high and low for today that you're trading, but you're only looking at the last three days prior Why three days
145 00:25:01,440 --> 00:25:11,550 because it takes three bars to make a swing high and or swing low. And by having those last three days in relationship to where we are trading today, you can see
146 00:25:11,550 --> 00:25:20,250 where you are in relationship to that daily higher load that may be forming on a daily chart. You're gonna be identifying key resistance, and support based on
147 00:25:20,250 --> 00:25:28,350 Fibonacci, and implied support resistance and looking for confluences and extensions and retracements. You're gonna be defining buy and sell pivot zones
148 00:25:28,500 --> 00:25:37,680 based on a daily pivots. And you're gonna be delineating the initial range high and low utilize an Asian range high and low indicator between zero GMT and five
149 00:25:37,680 --> 00:25:44,100 GMT. And in this timeframe, you're going to be anticipating the manipulation that mean, the Judas swing.
150 00:25:49,620 --> 00:25:58,920 Alright, now that we covered what you would have on each one of your charts, and each timeframe, let's move over to an MT four platform and show you what it's
151 00:25:58,920 --> 00:26:06,690 like to set up a template. And I'm not going to walk through every timeframe, I'm going to show you how you can add your tools to a particular timeframe and
152 00:26:06,690 --> 00:26:12,990 save it as a template. So that way, every time you pull up a new chart, if you click the template, it'll load automatically in all your indicators will be
153 00:26:12,990 --> 00:26:23,910 exactly the way they were the last time you used it. Okay, guys, we are looking at an empty four platform. And this is an empty workspace right now there's no
154 00:26:23,910 --> 00:26:32,790 chart setup for it. And we're going to more or less to set up the five minute chart and just go over the rules and outlines we just did for each timeframe.
155 00:26:33,150 --> 00:26:41,130 And to set up your template for each one. That way, when you pull up a different currency pair, just click on your templates and everything that you have in your
156 00:26:41,130 --> 00:26:53,520 chart, the last time you use it or for a particular pair will load up as a default. Okay, we're gonna look at the Euro is an example. Okay, when we're
157 00:26:53,520 --> 00:27:13,320 gonna take the grid off, we're gonna change it to a candlestick. We're going to shift it over a little bit, we're going to add the Asian range, and we're
158 00:27:13,650 --> 00:27:36,150 setting it to zero to five GMT. And obviously, you would set whatever color you'd like. And set the timeframe to five minutes. And we're going to add the
159 00:27:36,150 --> 00:27:46,590 daily pivots. without having any support resistance levels, obviously, we're just gonna leave it as it is here. In every time frame, in all the tools that we
160 00:27:46,590 --> 00:27:54,810 will utilize for that particular timeframe, you would have loaded on your chart. Now, if this is what you want to keep for your particular template. More we
161 00:27:54,810 --> 00:28:07,500 forgot to put on here, let's put the average daily range five data as well. Okay, so now everything would be set up for today's training. And if you wanted
162 00:28:07,500 --> 00:28:25,380 to have obviously the pivots with your mid pivot levels and such noted, you sure GMT pivots, now this is what you would have on your chart. So you got two
163 00:28:25,380 --> 00:28:46,950 charts. Good template, Save Template. And we're gonna save this as the five minute chart. Then you click Save. Okay, now let's assume for a moment you close
164 00:28:46,950 --> 00:28:58,440 out your chart or just wanted to start a fresh one. And so you want to use the same template on the British Pam st thing just get rid of everything here and
165 00:28:58,440 --> 00:29:12,570 walk through and put all the indicators on again, and waste time doing that or to simply open up a British Pound chart. Go up to your charts tab, go to
166 00:29:12,570 --> 00:29:24,210 templates, go to load, or go down here if you have very little like either here, just click the five minute chart it'll automatically give you all your tools and
167 00:29:24,210 --> 00:29:34,650 applications and you to zoom in and everything will be as it should be for your your trading day. So everything that you would use for your five minute chart is
168 00:29:34,650 --> 00:29:44,970 already loaded. And you simply do your analysis and trade accordingly. And obviously you do it for your monthly chart, your weekly chart, daily chart for
169 00:29:44,970 --> 00:29:52,680 hour, 60 minutes and 15 minutes based on the outlines we shared in this presentation. And with that guys wish good luck and good trading.