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3 -ICT: Now, when you first get introduced to trading and you
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2 +|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
3 +|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
4 +|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
5 +|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?
6 +|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,
7 +|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
8 +|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,
9 +|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
10 +|9 |00:02:36,689 ~-~-> 00:02:37,439 |templates.
11 +|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
12 +|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
13 +|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
14 +|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
15 +|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.
16 +|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
17 +|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
18 +|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
19 +|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
20 +|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
21 +|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
22 +|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
23 +|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
24 +|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
25 +|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
26 +|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
27 +|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
28 +|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
29 +|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
30 +|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.
31 +|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.
32 +|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
33 +|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
34 +|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
35 +|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
36 +|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
37 +|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
38 +|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
39 +|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
40 +|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
41 +|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
42 +|41 |00:08:10,680 ~-~-> 00:08:14,250 |sentiment or similar concepts that arrive at that.
43 +|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
44 +|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
45 +|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
46 +|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
47 +|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
48 +|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
49 +|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
50 +|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
51 +|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
52 +|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
53 +|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
54 +|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
55 +|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
56 +|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
57 +|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
58 +|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
59 +|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
60 +|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
61 +|60 |00:11:10,110 ~-~-> 00:11:13,890 |timeframe SMT divergence us dx SMT as well.
62 +|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
63 +|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
64 +|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
65 +|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
66 +|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
67 +|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
68 +|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
69 +|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
70 +|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,
71 +|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
72 +|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
73 +|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
74 +|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
75 +|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.
76 +|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
77 +|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
78 +|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
79 +|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
80 +|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
81 +|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.
82 +|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,
83 +|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,
84 +|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
85 +|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
86 +|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.
87 +|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.
88 +|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
89 +|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
90 +|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
91 +|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
92 +|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
93 +|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
94 +|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
95 +|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
96 +|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
97 +|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
98 +|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
99 +|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
100 +|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
101 +|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
102 +|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
103 +|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.
104 +|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
105 +|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
106 +|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
107 +|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.
108 +|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
109 +|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
110 +|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
111 +|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
112 +|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
113 +|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
114 +|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
115 +|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
116 +|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
117 +|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
118 +|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
119 +|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,
120 +|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
121 +|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
122 +|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
123 +|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
124 +|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
125 +|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
126 +|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
127 +|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
128 +|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
129 +|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
130 +|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
131 +|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
132 +|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.
133 +|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
134 +|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
135 +|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
136 +|135 |00:23:31,860 ~-~-> 00:23:32,340 |and lows.
137 +|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
138 +|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
139 +|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
140 +|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
141 +|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
142 +|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
143 +|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
144 +|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
145 +|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
146 +|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
147 +|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
148 +|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
149 +|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
150 +|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.
151 +|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
152 +|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
153 +|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
154 +|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
155 +|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.
156 +|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
157 +|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
158 +|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
159 +|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
160 +|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
161 +|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
162 +|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
163 +|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
164 +|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
165 +|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
166 +|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
167 +|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
168 +|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
169 +|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
170 +|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.
4 4  
5 -2
6 -00:01:12,900 ~-~-> 00:01:15,390
7 -read the forum's and maybe you've gotten your hands on a few
8 -
9 -3
10 -00:01:15,630 ~-~-> 00:01:20,250
11 -technical books or listen to a few mentors speaking on
12 -
13 -4
14 -00:01:20,250 ~-~-> 00:01:25,620
15 -YouTube or, or on TV, that maybe some of these questions
16 -
17 -5
18 -00:01:25,620 ~-~-> 00:01:28,470
19 -popped up, because this is basically the same question that
20 -
21 -6
22 -00:01:28,470 ~-~-> 00:01:34,050
23 -I came upon as a new trader years ago. And I saw all these
24 -
25 -7
26 -00:01:34,050 ~-~-> 00:01:37,650
27 -technical tools in these, these are applications that one
28 -
29 -8
30 -00:01:37,650 ~-~-> 00:01:42,780
31 -could use for, for charting. And I always wanted what
32 -
33 -9
34 -00:01:42,780 ~-~-> 00:01:47,580
35 -specific technicals? What specific technical tools do I use,
36 -
37 -10
38 -00:01:48,270 ~-~-> 00:01:53,220
39 -okay, and what timeframes do I use? And what tools do I use
40 -
41 -11
42 -00:01:53,250 ~-~-> 00:01:57,870
43 -during their specific timeframes? And really, where do I
44 -
45 -12
46 -00:01:57,870 ~-~-> 00:02:01,800
47 -begin and maybe you've had these questions come across in
48 -
49 -13
50 -00:02:01,800 ~-~-> 00:02:04,530
51 -your own development? Maybe it's where you're struggling
52 -
53 -14
54 -00:02:04,530 ~-~-> 00:02:07,230
55 -right now as a new trader, maybe you just started looking at
56 -
57 -15
58 -00:02:07,230 ~-~-> 00:02:12,390
59 -forex, and or, you know, trading in nature as a whole. And
60 -
61 -16
62 -00:02:12,390 ~-~-> 00:02:16,080
63 -you're struggling with this very foundation as to where to
64 -
65 -17
66 -00:02:16,080 ~-~-> 00:02:20,040
67 -begin using the technical tools and timeframes. Well, this
68 -
69 -18
70 -00:02:20,040 ~-~-> 00:02:23,160
71 -presentation is going to focus on defining specific
72 -
73 -19
74 -00:02:23,160 ~-~-> 00:02:27,480
75 -technical tools, assigning specific tools to specific
76 -
77 -20
78 -00:02:27,480 ~-~-> 00:02:31,020
79 -timeframes and I'm going to illustrate how you can set up
80 -
81 -21
82 -00:02:31,020 ~-~-> 00:02:36,600
83 -layouts and share with you some time saving uses of Mt for
84 -
85 -22
86 -00:02:36,720 ~-~-> 00:02:37,440
87 -templates.
88 -
89 -23
90 -00:02:44,790 ~-~-> 00:02:48,810
91 -I first the monthly chart, okay, the monthly timeframe is
92 -
93 -24
94 -00:02:48,810 ~-~-> 00:02:51,660
95 -the largest macro view that we work with in technical
96 -
97 -25
98 -00:02:51,660 ~-~-> 00:02:55,650
99 -analysis. And we open our charts up on a monthly timeframe.
100 -
101 -26
102 -00:02:56,310 ~-~-> 00:03:00,570
103 -You want to have a designated chart specifically for Your
104 -
105 -27
106 -00:03:00,570 ~-~-> 00:03:03,420
107 -monthly, okay because you're not going to use it too much in
108 -
109 -28
110 -00:03:03,420 ~-~-> 00:03:07,110
111 -terms of everyday use, but at least once a week, maybe
112 -
113 -29
114 -00:03:07,110 ~-~-> 00:03:09,720
115 -midweek, he'll refer to it. But when you're using this
116 -
117 -30
118 -00:03:09,720 ~-~-> 00:03:13,140
119 -chart, you won't be using it for referencing the higher
120 -
121 -31
122 -00:03:13,140 ~-~-> 00:03:16,560
123 -timeframe. Key support resistance levels, you won't be
124 -
125 -32
126 -00:03:16,560 ~-~-> 00:03:19,830
127 -looking for your Fibonacci levels, measuring highs, the
128 -
129 -33
130 -00:03:19,830 ~-~-> 00:03:24,330
131 -lows, looking for retracements even extensions, looking for
132 -
133 -34
134 -00:03:24,330 ~-~-> 00:03:28,680
135 -classic price patterns, trends. Directional probabilities on
136 -
137 -35
138 -00:03:28,680 ~-~-> 00:03:31,920
139 -the higher time frame tend to have a higher magnitude
140 -
141 -36
142 -00:03:32,700 ~-~-> 00:03:33,660
143 -and duration
144 -
145 -37
146 -00:03:34,260 ~-~-> 00:03:38,850
147 -versus the intraday charting concepts. So generally, movies
148 -
149 -38
150 -00:03:38,850 ~-~-> 00:03:41,310
151 -that are underway on a monthly chart tend to stay on their
152 -
153 -39
154 -00:03:41,310 ~-~-> 00:03:44,070
155 -way for a great period of time. So a lot of your directional
156 -
157 -40
158 -00:03:44,070 ~-~-> 00:03:47,310
159 -premise is going to derive and originate from that monthly
160 -
161 -41
162 -00:03:47,310 ~-~-> 00:03:52,020
163 -chart. And using a monthly momentum indicator is useful when
164 -
165 -42
166 -00:03:52,020 ~-~-> 00:03:56,880
167 -you're using trending concepts. So in a monthly chart is
168 -
169 -43
170 -00:03:56,880 ~-~-> 00:04:01,170
171 -trending if you see a oversold condition Moving out of
172 -
173 -44
174 -00:04:01,620 ~-~-> 00:04:06,960
175 -oversold into an upward trending indication on your momentum
176 -
177 -45
178 -00:04:06,960 ~-~-> 00:04:10,140
179 -in here it could be a stochastic it could be a MACD. When
180 -
181 -46
182 -00:04:10,140 ~-~-> 00:04:14,730
183 -you see that it adds confirmation to hopefully you're
184 -
185 -47
186 -00:04:14,730 ~-~-> 00:04:16,950
187 -already established premise that the market should be
188 -
189 -48
190 -00:04:16,950 ~-~-> 00:04:20,160
191 -bouncing off support levels and moving higher comparably.
192 -
193 -49
194 -00:04:21,150 ~-~-> 00:04:23,820
195 -But the monthly timeframe your focal points are really going
196 -
197 -50
198 -00:04:23,820 ~-~-> 00:04:28,260
199 -to be. But the monthly timeframe really focal points are
200 -
201 -51
202 -00:04:28,260 ~-~-> 00:04:30,510
203 -going to be trying to determine the higher time frame
204 -
205 -52
206 -00:04:30,510 ~-~-> 00:04:33,420
207 -support resistance levels that you'll carry down through all
208 -
209 -53
210 -00:04:33,420 ~-~-> 00:04:36,990
211 -the way to your daily intraday charts. You're going to be
212 -
213 -54
214 -00:04:36,990 ~-~-> 00:04:40,890
215 -identifying key Fibonacci levels based on key price swings,
216 -
217 -55
218 -00:04:41,070 ~-~-> 00:04:45,390
219 -high and low, looking for extensions and retracements. And
220 -
221 -56
222 -00:04:45,390 ~-~-> 00:04:49,770
223 -you're even trying to do a macro view and analysis on
224 -
225 -57
226 -00:04:49,770 ~-~-> 00:04:53,070
227 -determining the long term direction based on the monthly
228 -
229 -58
230 -00:04:53,070 ~-~-> 00:04:57,330
231 -chart. You're gonna be monitoring long term sentiment as
232 -
233 -59
234 -00:04:57,330 ~-~-> 00:05:01,200
235 -well based on overbought or oversold you In your momentum
236 -
237 -60
238 -00:05:01,200 ~-~-> 00:05:03,990
239 -indicator again it could be stochastic it could be RSI,
240 -
241 -61
242 -00:05:04,350 ~-~-> 00:05:06,240
243 -waiting for sonar or even a MACD
244 -
245 -62
246 -00:05:12,900 ~-~-> 00:05:16,710
247 -the weekly chart okay the weekly timeframe, your focus is
248 -
249 -63
250 -00:05:16,710 ~-~-> 00:05:19,530
251 -going to be again moving that monthly support resistance
252 -
253 -64
254 -00:05:19,530 ~-~-> 00:05:25,080
255 -levels down to your weekly. And by focusing on the key
256 -
257 -65
258 -00:05:25,080 ~-~-> 00:05:27,690
259 -support resistance, the key support resistance levels you
260 -
261 -66
262 -00:05:27,690 ~-~-> 00:05:32,670
263 -see on the weekly chart you'll have a higher degree of
264 -
265 -67
266 -00:05:33,390 ~-~-> 00:05:36,330
267 -higher time frame support resistance levels both those
268 -
269 -68
270 -00:05:36,330 ~-~-> 00:05:38,790
271 -levels seen in the monthly and now the new levels that are
272 -
273 -69
274 -00:05:38,790 ~-~-> 00:05:42,090
275 -apparent using the weekly chart. Now we're going to be
276 -
277 -70
278 -00:05:42,090 ~-~-> 00:05:45,600
279 -looking at market structure more efficiently because you'll
280 -
281 -71
282 -00:05:45,600 ~-~-> 00:05:48,720
283 -have a better gauge on price swings using the weekly chart
284 -
285 -72
286 -00:05:49,440 ~-~-> 00:05:52,230
287 -and having market structure okay And much like we did on the
288 -
289 -73
290 -00:05:52,560 ~-~-> 00:05:56,760
291 -monthly chart Fibonacci levels will be derived based on the
292 -
293 -74
294 -00:05:56,760 ~-~-> 00:05:59,970
295 -swing highs and swing lows, looking for extensions and or
296 -
297 -75
298 -00:06:00,000 ~-~-> 00:06:03,570
299 -retracement levels to look for convergence on the lower
300 -
301 -76
302 -00:06:03,570 ~-~-> 00:06:08,490
303 -timeframes and or targets. Now on the weekly chart you're
304 -
305 -77
306 -00:06:08,490 ~-~-> 00:06:11,580
307 -going to be looking for your co2 analysis with this
308 -
309 -78
310 -00:06:11,580 ~-~-> 00:06:14,610
311 -timeframe okay we are following the net traders position
312 -
313 -79
314 -00:06:14,970 ~-~-> 00:06:19,800
315 -okay. And I use the price charts calm you can use any any
316 -
317 -80
318 -00:06:19,800 ~-~-> 00:06:25,590
319 -service that you find suitable for your tastes. But like I
320 -
321 -81
322 -00:06:25,590 ~-~-> 00:06:29,040
323 -said I've grown an affinity towards these charts I this is
324 -
325 -82
326 -00:06:29,040 ~-~-> 00:06:33,120
327 -like them you're not limited to just this for these concepts
328 -
329 -83
330 -00:06:33,120 ~-~-> 00:06:36,270
331 -that work is just a matter of preference on my part, but
332 -
333 -84
334 -00:06:36,270 ~-~-> 00:06:39,360
335 -you're studying the net trade position on a weekly chart.
336 -
337 -85
338 -00:06:39,660 ~-~-> 00:06:42,960
339 -Okay, not on any other timeframe you focus in on the weekly
340 -
341 -86
342 -00:06:44,370 ~-~-> 00:06:47,220
343 -and having a weekly momentum indicator again much like
344 -
345 -87
346 -00:06:48,450 ~-~-> 00:06:54,780
347 -monthly stochastic MACD RSI or even for sonar is effective
348 -
349 -88
350 -00:06:54,780 ~-~-> 00:06:59,580
351 -as well as momentum and sentiment purposes. focal points,
352 -
353 -89
354 -00:06:59,580 ~-~-> 00:07:02,520
355 -obviously The weekly chart is going to be determining the
356 -
357 -90
358 -00:07:02,520 ~-~-> 00:07:05,040
359 -higher time frame support resistance levels on this
360 -
361 -91
362 -00:07:05,040 ~-~-> 00:07:08,640
363 -timeframe, and transposing those that you find on the
364 -
365 -92
366 -00:07:08,640 ~-~-> 00:07:12,450
367 -monthly chart down to the weekly as well. You'll be
368 -
369 -93
370 -00:07:12,450 ~-~-> 00:07:15,450
371 -identifying market structure key swings and high and low.
372 -
373 -94
374 -00:07:16,140 ~-~-> 00:07:19,890
375 -Okay, and identifying key resistance and support levels
376 -
377 -95
378 -00:07:19,890 ~-~-> 00:07:23,220
379 -based on Fibonacci levels as well. So we're gonna be looking
380 -
381 -96
382 -00:07:23,220 ~-~-> 00:07:26,760
383 -for convergences, and you're gonna be trying to determine
384 -
385 -97
386 -00:07:26,760 ~-~-> 00:07:30,630
387 -what the commercial traders trend is based on the co2. It's
388 -
389 -98
390 -00:07:30,630 ~-~-> 00:07:34,590
391 -not just simply are we overbought, oversold, and are we
392 -
393 -99
394 -00:07:35,760 ~-~-> 00:07:38,370
395 -trending higher or lower, but we're now we're also going to
396 -
397 -100
398 -00:07:38,490 ~-~-> 00:07:41,490
399 -add to the fact that we have to understand what the traders
400 -
401 -101
402 -00:07:41,490 ~-~-> 00:07:45,450
403 -are doing in the commercial realm. Just because the market
404 -
405 -102
406 -00:07:45,480 ~-~-> 00:07:49,650
407 -is been in a downtrend. If there's a high level extreme net
408 -
409 -103
410 -00:07:49,650 ~-~-> 00:07:51,540
411 -long position, that could be an indication that the
412 -
413 -104
414 -00:07:51,540 ~-~-> 00:07:55,620
415 -commercials are pricing out low in the marketplace and being
416 -
417 -105
418 -00:07:55,620 ~-~-> 00:08:00,660
419 -a bear may not be advantageous for you. And vice versa
420 -
421 -106
422 -00:08:00,660 ~-~-> 00:08:04,800
423 -looking for, obviously, much like we did on the monthly
424 -
425 -107
426 -00:08:04,830 ~-~-> 00:08:09,090
427 -monitoring the long term sentiment based on momentum and or
428 -
429 -108
430 -00:08:10,260 ~-~-> 00:08:14,280
431 -market sentiment or similar concepts to arrive at that.
432 -
433 -109
434 -00:08:21,150 ~-~-> 00:08:25,020
435 -Okay, the daily timeframe. Okay, and your daily chart,
436 -
437 -110
438 -00:08:26,220 ~-~-> 00:08:29,040
439 -obviously, we would transpose our monthly and weekly key
440 -
441 -111
442 -00:08:29,040 ~-~-> 00:08:30,960
443 -support resistance levels because that's paramount in our
444 -
445 -112
446 -00:08:30,960 ~-~-> 00:08:34,320
447 -trading. Again, much like we did on the weekly market
448 -
449 -113
450 -00:08:34,320 ~-~-> 00:08:37,920
451 -structure is going to be very, very effective. In this
452 -
453 -114
454 -00:08:37,920 ~-~-> 00:08:40,830
455 -timeframe, you'll start seeing a lot more symmetry in the
456 -
457 -115
458 -00:08:40,830 ~-~-> 00:08:47,490
459 -market with this specific timeframe. And much like we had in
460 -
461 -116
462 -00:08:47,490 ~-~-> 00:08:49,560
463 -our monthly and weekly Fibonacci is always going to be
464 -
465 -117
466 -00:08:49,560 ~-~-> 00:08:52,350
467 -present in every timeframe. We trade, looking for extensions
468 -
469 -118
470 -00:08:52,350 ~-~-> 00:08:57,600
471 -and retracements. And now on this timeframe, we add the
472 -
473 -119
474 -00:08:57,600 ~-~-> 00:09:00,510
475 -concept of open interest. So you're looking at it interest
476 -
477 -120
478 -00:09:00,510 ~-~-> 00:09:05,130
479 -which is total open interest on the specific currency pair
480 -
481 -121
482 -00:09:05,670 ~-~-> 00:09:08,820
483 -that's traded. Okay. In other words, the cable, you're gonna
484 -
485 -122
486 -00:09:08,820 ~-~-> 00:09:11,970
487 -be looking at the British Pound futures contract in the
488 -
489 -123
490 -00:09:11,970 ~-~-> 00:09:15,450
491 -futures market. And you'll be following the total open
492 -
493 -124
494 -00:09:15,450 ~-~-> 00:09:19,020
495 -interest. Okay? You're not looking at just the open interest
496 -
497 -125
498 -00:09:19,020 ~-~-> 00:09:23,100
499 -for the nearby you looking at total open interest. Okay. And
500 -
501 -126
502 -00:09:23,100 ~-~-> 00:09:26,580
503 -obviously we learned that open interest is an indication of
504 -
505 -127
506 -00:09:26,610 ~-~-> 00:09:31,020
507 -commercial net short selling. The higher the open interest
508 -
509 -128
510 -00:09:31,020 ~-~-> 00:09:34,620
511 -the greater than net short position or net selling that the
512 -
513 -129
514 -00:09:34,620 ~-~-> 00:09:37,740
515 -commercial traders are doing. And if there's a drop in open
516 -
517 -130
518 -00:09:37,740 ~-~-> 00:09:41,280
519 -interest, that could be a indication that they are lessening
520 -
521 -131
522 -00:09:41,280 ~-~-> 00:09:45,360
523 -their shorts and that could be bullish in nature. But the
524 -
525 -132
526 -00:09:45,360 ~-~-> 00:09:48,900
527 -open interest concept is applied to your daily timeframe,
528 -
529 -133
530 -00:09:49,770 ~-~-> 00:09:52,380
531 -momentum indicator as well as useful on this timeframe.
532 -
533 -134
534 -00:09:52,650 ~-~-> 00:09:56,160
535 -Again, you could be as simple as RSI Williams for sonar
536 -
537 -135
538 -00:09:56,160 ~-~-> 00:10:00,360
539 -stochastic or MACD. It's not a you know, a whole hard and
540 -
541 -136
542 -00:10:00,360 ~-~-> 00:10:03,240
543 -fast rule, there has to be one or the other. It's just a
544 -
545 -137
546 -00:10:03,240 ~-~-> 00:10:07,230
547 -matter of preference. Simple overbought, oversold divergence
548 -
549 -138
550 -00:10:07,230 ~-~-> 00:10:11,160
551 -is what you're looking for. And that will be a preference
552 -
553 -139
554 -00:10:11,160 ~-~-> 00:10:15,930
555 -that you had determined for you as a trader. focal points
556 -
557 -140
558 -00:10:15,930 ~-~-> 00:10:17,610
559 -for the daily chart obviously, you're gonna be trying to
560 -
561 -141
562 -00:10:17,610 ~-~-> 00:10:19,950
563 -determine the intermediate term timeframe support resistance
564 -
565 -142
566 -00:10:19,950 ~-~-> 00:10:23,430
567 -levels and looking at the higher timeframe weekly and
568 -
569 -143
570 -00:10:23,430 ~-~-> 00:10:25,320
571 -monthly support resistance levels as well. So there's going
572 -
573 -144
574 -00:10:25,320 ~-~-> 00:10:28,950
575 -to be new levels determined and arrived at with each level
576 -
577 -145
578 -00:10:28,950 ~-~-> 00:10:33,090
579 -as we go lower. It's just a matter of looking confluences
580 -
581 -146
582 -00:10:33,120 ~-~-> 00:10:36,450
583 -between the levels and the greater the confluence, the
584 -
585 -147
586 -00:10:36,450 ~-~-> 00:10:38,430
587 -higher the degree the support resistance level is going to
588 -
589 -148
590 -00:10:38,430 ~-~-> 00:10:41,070
591 -be. You're gonna be identifying market structure, key
592 -
593 -149
594 -00:10:41,070 ~-~-> 00:10:44,160
595 -swings, highs and lows. And within those keys, high swings
596 -
597 -150
598 -00:10:44,160 ~-~-> 00:10:46,590
599 -and lows, you're gonna be looking at Fibonacci extensions
600 -
601 -151
602 -00:10:46,620 ~-~-> 00:10:50,610
603 -and retracement levels looking for convergences. We're going
604 -
605 -152
606 -00:10:50,610 ~-~-> 00:10:53,670
607 -to be trying to define the commercial traders open interest.
608 -
609 -153
610 -00:10:54,060 ~-~-> 00:10:56,940
611 -Okay, are they adding to shorts or are they lessening
612 -
613 -154
614 -00:10:56,940 ~-~-> 00:11:00,000
615 -shorts? Okay based on the relationship of open interest and
616 -
617 -155
618 -00:11:00,000 ~-~-> 00:11:03,300
619 -price action, you're gonna be monitoring intermediate term
620 -
621 -156
622 -00:11:03,300 ~-~-> 00:11:07,440
623 -sentiment through your momentum indicator. And you'd be
624 -
625 -157
626 -00:11:07,440 ~-~-> 00:11:10,620
627 -monitoring correlation concepts now within this timeframe
628 -
629 -158
630 -00:11:10,950 ~-~-> 00:11:13,920
631 -SMT divergence us dx SMT as well.
632 -
633 -159
634 -00:11:19,619 ~-~-> 00:11:23,729
635 -Alright, four hour time frame, okay, where your focus is for
636 -
637 -160
638 -00:11:23,729 ~-~-> 00:11:26,039
639 -this timeframe, obviously the higher timeframe key support
640 -
641 -161
642 -00:11:26,039 ~-~-> 00:11:29,729
643 -resistance levels transposed to this time frame as well. Now
644 -
645 -162
646 -00:11:29,729 ~-~-> 00:11:32,429
647 -we're gonna introduce the monthly Trinity. Okay, we're
648 -
649 -163
650 -00:11:32,429 ~-~-> 00:11:36,269
651 -looking at the previous month's range high and low. And all
652 -
653 -164
654 -00:11:36,269 ~-~-> 00:11:40,889
655 -of the matrix levels that make up my ICT Trinity level
656 -
657 -165
658 -00:11:41,369 ~-~-> 00:11:44,999
659 -indicator. And I'm not going to go into that here obviously
660 -
661 -166
662 -00:11:44,999 ~-~-> 00:11:49,739
663 -there's its own teaching on it. And if you're new and you're
664 -
665 -167
666 -00:11:49,739 ~-~-> 00:11:53,519
667 -just watching this, the the Trinity tools will be made
668 -
669 -168
670 -00:11:53,519 ~-~-> 00:11:57,209
671 -available to you as well in the thread on baby pips. So if
672 -
673 -169
674 -00:11:57,209 ~-~-> 00:11:59,519
675 -you see this video and you're you're scratching head, what
676 -
677 -170
678 -00:11:59,519 ~-~-> 00:12:03,209
679 -is the Trinity Here, you'll find it on the pips threads.
680 -
681 -171
682 -00:12:06,359 ~-~-> 00:12:09,119
683 -million x traders guild thread in the
684 -
685 -172
686 -00:12:11,429 ~-~-> 00:12:13,439
687 -forum section on baby pips calm.
688 -
689 -173
690 -00:12:15,089 ~-~-> 00:12:17,969
691 -We'll be looking at the Fibonacci levels as well on the four
692 -
693 -174
694 -00:12:17,969 ~-~-> 00:12:22,919
695 -hour based on key highs and lows and the swings. And now
696 -
697 -175
698 -00:12:22,919 ~-~-> 00:12:25,979
699 -we're going to be introducing, in this timeframe, the pivot
700 -
701 -176
702 -00:12:25,979 ~-~-> 00:12:29,879
703 -points, but we're going to be utilizing the own monthly
704 -
705 -177
706 -00:12:29,879 ~-~-> 00:12:32,639
707 -pivots only on the four hour, okay, because you don't have
708 -
709 -178
710 -00:12:32,639 ~-~-> 00:12:34,499
711 -all these levels and lines on your chart, you won't be able
712 -
713 -179
714 -00:12:34,499 ~-~-> 00:12:37,649
715 -to see price action, which is the more important tenant to
716 -
717 -180
718 -00:12:37,679 ~-~-> 00:12:42,059
719 -your analysis, not all these, these indicators, the monthly
720 -
721 -181
722 -00:12:42,059 ~-~-> 00:12:45,659
723 -pivot points, you'll plot on your four hour chart, okay.
724 -
725 -182
726 -00:12:46,259 ~-~-> 00:12:50,489
727 -Obviously, my market structure is a crucial factor as well
728 -
729 -183
730 -00:12:50,489 ~-~-> 00:12:54,059
731 -in this timeframe as well looking for trend consolidation,
732 -
733 -184
734 -00:12:54,239 ~-~-> 00:12:57,959
735 -reversal, market profiling, all those things. You know,
736 -
737 -185
738 -00:12:58,589 ~-~-> 00:13:02,219
739 -dovetail nicely with this This premise in Mark structure are
740 -
741 -186
742 -00:13:02,219 ~-~-> 00:13:05,519
743 -we bullish or bearish have we put in every term higher low
744 -
745 -187
746 -00:13:05,549 ~-~-> 00:13:11,729
747 -and looking to trade comparably price patterns, simple
748 -
749 -188
750 -00:13:11,729 ~-~-> 00:13:15,689
751 -classic price patterns, ascending triangles, pennants, head
752 -
753 -189
754 -00:13:15,689 ~-~-> 00:13:19,619
755 -and shoulders, Bull flags, bear flags, anything of that
756 -
757 -190
758 -00:13:19,619 ~-~-> 00:13:24,089
759 -nature ICT, holy grails optimal trade entries, reflections,
760 -
761 -191
762 -00:13:25,649 ~-~-> 00:13:29,879
763 -turtle soups, anything that we use as price pattern trader,
764 -
765 -192
766 -00:13:30,359 ~-~-> 00:13:34,469
767 -we could utilize, obviously on the four hour timeframe. Now,
768 -
769 -193
770 -00:13:34,469 ~-~-> 00:13:36,719
771 -obviously price patterns aren't limited just to four hour,
772 -
773 -194
774 -00:13:36,869 ~-~-> 00:13:41,489
775 -it's in every timeframe but you really do be heavily focused
776 -
777 -195
778 -00:13:41,519 ~-~-> 00:13:44,969
779 -on the four hour because now we're getting closer to the
780 -
781 -196
782 -00:13:44,969 ~-~-> 00:13:50,069
783 -dynamic trend of the market intermediate term, okay, and the
784 -
785 -197
786 -00:13:50,069 ~-~-> 00:13:52,619
787 -four hour is going to be a very dynamic timeframe for you as
788 -
789 -198
790 -00:13:52,619 ~-~-> 00:13:54,659
791 -a trader, whether you're a position trader, short term
792 -
793 -199
794 -00:13:54,659 ~-~-> 00:13:59,249
795 -trader day trader, this timeframe is very strong because it
796 -
797 -200
798 -00:13:59,249 ~-~-> 00:14:02,009
799 -gives you the best of both worlds, both long term and
800 -
801 -201
802 -00:14:02,009 ~-~-> 00:14:04,319
803 -intermediate term, but it's still applicable for day trading
804 -
805 -202
806 -00:14:04,319 ~-~-> 00:14:08,669
807 -as well. And then obviously, momentum indicators used on
808 -
809 -203
810 -00:14:08,669 ~-~-> 00:14:13,499
811 -this timeframe is advantageous as well. You focal points
812 -
813 -204
814 -00:14:13,499 ~-~-> 00:14:16,379
815 -obviously for for our is you're going to determining its own
816 -
817 -205
818 -00:14:16,379 ~-~-> 00:14:18,689
819 -support resistance levels for this timeframe for the short
820 -
821 -206
822 -00:14:18,689 ~-~-> 00:14:21,659
823 -term. And you'll be identifying the market structure key
824 -
825 -207
826 -00:14:21,659 ~-~-> 00:14:25,169
827 -highs and lows and swings within it. And utilizing those key
828 -
829 -208
830 -00:14:25,169 ~-~-> 00:14:28,739
831 -swings up and down, you'd be pulling your Fibonacci levels
832 -
833 -209
834 -00:14:28,859 ~-~-> 00:14:32,009
835 -for retracements and extensions and looking for confluences.
836 -
837 -210
838 -00:14:32,939 ~-~-> 00:14:36,689
839 -And you'd be defining buy and sell pivot zones based on the
840 -
841 -211
842 -00:14:36,689 ~-~-> 00:14:39,209
843 -monthly pivots again, stressing the fact that you're
844 -
845 -212
846 -00:14:39,209 ~-~-> 00:14:42,869
847 -plotting monthly pivots only on the four hour timeframe.
848 -
849 -213
850 -00:14:43,559 ~-~-> 00:14:46,109
851 -You're gonna be monitoring the intermediate term sentiment
852 -
853 -214
854 -00:14:46,109 ~-~-> 00:14:48,269
855 -based on your overbought oversold indicator and momentum.
856 -
857 -215
858 -00:14:48,839 ~-~-> 00:14:53,489
859 -And again, it could be stochastics, RSI, or MACD, whatever
860 -
861 -216
862 -00:14:53,489 ~-~-> 00:14:56,639
863 -your preference is. I'm not going to give you a box v within
864 -
865 -217
866 -00:14:56,669 ~-~-> 00:15:00,269
867 -you determine which indicated you want to use but only Pick
868 -
869 -218
870 -00:15:00,269 ~-~-> 00:15:03,599
871 -one, you don't need 15 of them. Okay. And obviously be
872 -
873 -219
874 -00:15:03,599 ~-~-> 00:15:09,299
875 -defining the overbought and oversold basis on the previous
876 -
877 -220
878 -00:15:09,299 ~-~-> 00:15:12,239
879 -month range. Okay, and that's the monthly Trinity. Where are
880 -
881 -221
882 -00:15:12,239 ~-~-> 00:15:14,579
883 -we in relation to the previous month range? Are we near the
884 -
885 -222
886 -00:15:14,579 ~-~-> 00:15:15,929
887 -high? Are we near the low?
888 -
889 -223
890 -00:15:15,930 ~-~-> 00:15:16,680
891 -Are we in the middle?
892 -
893 -224
894 -00:15:17,160 ~-~-> 00:15:21,810
895 -All those things are in inputs that we have to have as
896 -
897 -225
898 -00:15:21,810 ~-~-> 00:15:24,540
899 -traders to add a little bit more credibility
900 -
901 -226
902 -00:15:24,540 ~-~-> 00:15:24,960
903 -to
904 -
905 -227
906 -00:15:25,830 ~-~-> 00:15:27,900
907 -the signals that we're probably seeing on the lower
908 -
909 -228
910 -00:15:27,900 ~-~-> 00:15:28,500
911 -timeframe.
912 -
913 -229
914 -00:15:33,600 ~-~-> 00:15:36,330
915 -Okay, the one hour timeframe 16 minute chart.
916 -
917 -230
918 -00:15:37,590 ~-~-> 00:15:40,170
919 -Obviously, all the higher timeframe resistance levels are
920 -
921 -231
922 -00:15:40,170 ~-~-> 00:15:42,810
923 -gonna be transposed this timeframe as well. But now we're
924 -
925 -232
926 -00:15:42,810 ~-~-> 00:15:45,900
927 -going to introduce the weekly Trinity, the ICT weekly
928 -
929 -233
930 -00:15:45,900 ~-~-> 00:15:48,270
931 -Trinity, looking at the previous week's high and low and
932 -
933 -234
934 -00:15:48,270 ~-~-> 00:15:51,660
935 -breaking it down and giving the matrix levels. Fibonacci
936 -
937 -235
938 -00:15:51,660 ~-~-> 00:15:55,920
939 -levels also, much like we do in every other timeframe. And
940 -
941 -236
942 -00:15:55,920 ~-~-> 00:15:58,020
943 -now we're going to be looking at the pivot points on a
944 -
945 -237
946 -00:15:58,020 ~-~-> 00:16:02,460
947 -weekly basis. So on the 16th minute chart. I plot the weekly
948 -
949 -238
950 -00:16:02,460 ~-~-> 00:16:06,510
951 -pivots. Okay. So, one hour charts, weekly pivots for our
952 -
953 -239
954 -00:16:06,510 ~-~-> 00:16:09,180
955 -charts, monthly pivots. So if you're looking for pivots,
956 -
957 -240
958 -00:16:09,600 ~-~-> 00:16:12,750
959 -that's where that's where I utilize the higher timeframe
960 -
961 -241
962 -00:16:12,780 ~-~-> 00:16:15,990
963 -pivot points, monthly on the four hour weeklies on the 60
964 -
965 -242
966 -00:16:15,990 ~-~-> 00:16:19,560
967 -minute or one hour chart. market structure is also reflected
968 -
969 -243
970 -00:16:19,650 ~-~-> 00:16:23,640
971 -at this timeframe as well looking for the overall price
972 -
973 -244
974 -00:16:23,640 ~-~-> 00:16:26,280
975 -structure. Are we moving higher or lower consolidating? Are
976 -
977 -245
978 -00:16:26,280 ~-~-> 00:16:29,280
979 -we getting ready to be reverse? Do your market profiling
980 -
981 -246
982 -00:16:29,280 ~-~-> 00:16:32,850
983 -here as well. It'll be advantageous to determine where
984 -
985 -247
986 -00:16:32,850 ~-~-> 00:16:35,430
987 -you're at in the higher time frame premise and trading in
988 -
989 -248
990 -00:16:35,430 ~-~-> 00:16:40,140
991 -that market structure is going to help you have higher odds
992 -
993 -249
994 -00:16:40,140 ~-~-> 00:16:44,550
995 -for your trade to pan out in a more profitable manner, price
996 -
997 -250
998 -00:16:44,550 ~-~-> 00:16:48,060
999 -patterns as well. Classic in nature and individualized and
1000 -
1001 -251
1002 -00:16:48,060 ~-~-> 00:16:52,290
1003 -specialty and momentum indicator also plotted on a 60 minute
1004 -
1005 -252
1006 -00:16:52,290 ~-~-> 00:16:58,710
1007 -chart now. The MACD the MACD and stochastics I think do well
1008 -
1009 -253
1010 -00:16:58,710 ~-~-> 00:17:00,690
1011 -with this one. So if there's any one timeframe, then we're
1012 -
1013 -254
1014 -00:17:00,690 ~-~-> 00:17:03,690
1015 -going to more or less advice, a specific momentum indicator
1016 -
1017 -255
1018 -00:17:03,690 ~-~-> 00:17:06,990
1019 -it'd be MACD and or stochastics for this particular hour
1020 -
1021 -256
1022 -00:17:07,290 ~-~-> 00:17:10,680
1023 -hourly timeframe. Now focal points for the 60 minute chart
1024 -
1025 -257
1026 -00:17:10,680 ~-~-> 00:17:13,230
1027 -is obviously going to be determining its own short term
1028 -
1029 -258
1030 -00:17:13,380 ~-~-> 00:17:15,870
1031 -support resistance levels, not only having the higher
1032 -
1033 -259
1034 -00:17:15,870 ~-~-> 00:17:18,210
1035 -timeframe transpose this timeframe, but you're looking for
1036 -
1037 -260
1038 -00:17:18,210 ~-~-> 00:17:23,280
1039 -the specific short term and high. I'm sorry, the short term
1040 -
1041 -261
1042 -00:17:23,550 ~-~-> 00:17:27,360
1043 -support resistance levels for this time frame 60 minutes and
1044 -
1045 -262
1046 -00:17:27,360 ~-~-> 00:17:30,030
1047 -identifying the market structure within this time frame,
1048 -
1049 -263
1050 -00:17:30,570 ~-~-> 00:17:33,720
1051 -looking at key highs and lows and swings within it and
1052 -
1053 -264
1054 -00:17:33,720 ~-~-> 00:17:36,180
1055 -pulling your Fibonacci between those swings looking for
1056 -
1057 -265
1058 -00:17:36,180 ~-~-> 00:17:38,940
1059 -retracements and extensions. And you will be trying to
1060 -
1061 -266
1062 -00:17:38,940 ~-~-> 00:17:43,110
1063 -define buy and sell pivot zones based on the weekly pivots.
1064 -
1065 -267
1066 -00:17:43,320 ~-~-> 00:17:46,140
1067 -Okay, again, the weekly pivot points are being plotted on
1068 -
1069 -268
1070 -00:17:46,140 ~-~-> 00:17:49,380
1071 -the 60 minute chart. Where are we at relationship to the
1072 -
1073 -269
1074 -00:17:49,380 ~-~-> 00:17:53,190
1075 -weekly pivot matrix are we above the central pivot for
1076 -
1077 -270
1078 -00:17:53,190 ~-~-> 00:17:56,790
1079 -Southern are we blowed central pivot for the baizen Okay.
1080 -
1081 -271
1082 -00:17:57,330 ~-~-> 00:17:59,190
1083 -And you're going to be answering the short term sentiment
1084 -
1085 -272
1086 -00:17:59,190 ~-~-> 00:18:01,530
1087 -based on your moment. indicator, and you're gonna be
1088 -
1089 -273
1090 -00:18:01,530 ~-~-> 00:18:05,130
1091 -defining your overbought oversold basis, the previous week's
1092 -
1093 -274
1094 -00:18:05,130 ~-~-> 00:18:07,170
1095 -range and that's the weekly ICT Trinity.
1096 -
1097 -275
1098 -00:18:13,980 ~-~-> 00:18:19,470
1099 -Alright, the 15 minute chart. Now obviously, again, the
1100 -
1101 -276
1102 -00:18:19,470 ~-~-> 00:18:21,540
1103 -higher time frame support resistance levels will be
1104 -
1105 -277
1106 -00:18:21,540 ~-~-> 00:18:26,760
1107 -transposed to this level and of time. And now we're gonna be
1108 -
1109 -278
1110 -00:18:26,760 ~-~-> 00:18:32,040
1111 -adding the previous three days highs and lows. Okay. And by
1112 -
1113 -279
1114 -00:18:32,040 ~-~-> 00:18:35,160
1115 -having the last three days highs and lows, it'll help you
1116 -
1117 -280
1118 -00:18:35,460 ~-~-> 00:18:39,240
1119 -trade within a daily fractal high or low. So if you have a
1120 -
1121 -281
1122 -00:18:39,240 ~-~-> 00:18:42,510
1123 -higher time frame premise, you have a higher time frame
1124 -
1125 -282
1126 -00:18:42,540 ~-~-> 00:18:45,990
1127 -market structure that you identified. You can trade within
1128 -
1129 -283
1130 -00:18:45,990 ~-~-> 00:18:48,690
1131 -that is for instance, if you're bullish on the marketplace,
1132 -
1133 -284
1134 -00:18:49,050 ~-~-> 00:18:52,290
1135 -and you see fractal low forming, okay, you'll be able to see
1136 -
1137 -285
1138 -00:18:52,290 ~-~-> 00:18:54,780
1139 -it clearly within a 15 minute chart. And you'll be able to
1140 -
1141 -286
1142 -00:18:54,840 ~-~-> 00:18:57,660
1143 -reference where you're at in terms of that market structure
1144 -
1145 -287
1146 -00:18:57,990 ~-~-> 00:19:02,790
1147 -and look for optimal trade entry. buys reflection buys okay
1148 -
1149 -288
1150 -00:19:02,820 ~-~-> 00:19:06,510
1151 -or other bullish patterns that would put you long in the
1152 -
1153 -289
1154 -00:19:06,510 ~-~-> 00:19:08,850
1155 -marketplace to trade within the higher time frame premise
1156 -
1157 -290
1158 -00:19:09,060 ~-~-> 00:19:11,760
1159 -and vice versa looking for shorts in a bearish, high
1160 -
1161 -291
1162 -00:19:11,760 ~-~-> 00:19:14,910
1163 -timeframe market structure. Fibonacci levels will give me
1164 -
1165 -292
1166 -00:19:14,910 ~-~-> 00:19:17,730
1167 -pulled from key support resistance levels in highs and lows
1168 -
1169 -293
1170 -00:19:17,730 ~-~-> 00:19:20,700
1171 -as well, much like we did in all the previous timeframes.
1172 -
1173 -294
1174 -00:19:21,150 ~-~-> 00:19:24,330
1175 -pivot points now are going to be on the daily basis. Now
1176 -
1177 -295
1178 -00:19:24,330 ~-~-> 00:19:28,680
1179 -they are going to be ran off of GMT time and New York
1180 -
1181 -296
1182 -00:19:28,680 ~-~-> 00:19:32,370
1183 -midnight time. I toggle between the two. And I look for
1184 -
1185 -297
1186 -00:19:32,370 ~-~-> 00:19:37,680
1187 -conferences. You can be a hard and fast GMT pivot man and
1188 -
1189 -298
1190 -00:19:37,680 ~-~-> 00:19:42,180
1191 -that or lady in deference to a woman sorry, the New York
1192 -
1193 -299
1194 -00:19:42,180 ~-~-> 00:19:45,570
1195 -midnight timeframe could be your pivot choice as well. me
1196 -
1197 -300
1198 -00:19:45,600 ~-~-> 00:19:48,510
1199 -because I understand that price isn't going to be always
1200 -
1201 -301
1202 -00:19:48,510 ~-~-> 00:19:51,000
1203 -black and white. There's a gray area we have to live within.
1204 -
1205 -302
1206 -00:19:51,240 ~-~-> 00:19:55,050
1207 -So I have to be flexible and I'll toggle between the two GMT
1208 -
1209 -303
1210 -00:19:55,050 ~-~-> 00:19:59,700
1211 -in New York. And I do this toggling between the sessions in
1212 -
1213 -304
1214 -00:19:59,700 ~-~-> 00:20:04,980
1215 -other words I'll be looking at GMT up until we get to
1216 -
1217 -305
1218 -00:20:05,010 ~-~-> 00:20:08,040
1219 -midnight timeframe during Asia. And then I'll start looking
1220 -
1221 -306
1222 -00:20:08,040 ~-~-> 00:20:12,120
1223 -at New York pivots when we go into Frankfurt and London and
1224 -
1225 -307
1226 -00:20:12,120 ~-~-> 00:20:15,870
1227 -look for some some conferences and but still referencing the
1228 -
1229 -308
1230 -00:20:15,930 ~-~-> 00:20:19,980
1231 -previous GMT. pivots as well in New York also have
1232 -
1233 -309
1234 -00:20:20,130 ~-~-> 00:20:23,580
1235 -referenced the GMT pivots. And New York also to see if
1236 -
1237 -310
1238 -00:20:23,580 ~-~-> 00:20:28,050
1239 -there's any disparity or conferences where I could elect to
1240 -
1241 -311
1242 -00:20:28,050 ~-~-> 00:20:33,750
1243 -choose one or the other SMT concepts USD x and correlate
1244 -
1245 -312
1246 -00:20:33,750 ~-~-> 00:20:38,760
1247 -appear SM T's will be very, very notable on this timeframe.
1248 -
1249 -313
1250 -00:20:39,180 ~-~-> 00:20:42,300
1251 -So it's, that's where we're gonna spend a lot of time
1252 -
1253 -314
1254 -00:20:42,300 ~-~-> 00:20:45,600
1255 -looking at key highs and lows and referencing failure swings
1256 -
1257 -315
1258 -00:20:45,600 ~-~-> 00:20:51,630
1259 -between the two for inter market analysis. The Asian range
1260 -
1261 -316
1262 -00:20:51,630 ~-~-> 00:20:54,000
1263 -is going to be utilized in the 15 minute timeframe. That's
1264 -
1265 -317
1266 -00:20:54,030 ~-~-> 00:20:57,570
1267 -zero GMT two five GMT, you have that plotted on your chart,
1268 -
1269 -318
1270 -00:20:57,840 ~-~-> 00:20:59,670
1271 -that's going to be the initial high and low of the day. So
1272 -
1273 -319
1274 -00:20:59,670 ~-~-> 00:21:04,440
1275 -you can be Implementing down to 15 minute timeframe. And
1276 -
1277 -320
1278 -00:21:04,440 ~-~-> 00:21:06,990
1279 -obviously looking for price patterns until trade entries,
1280 -
1281 -321
1282 -00:21:06,990 ~-~-> 00:21:11,100
1283 -reflections, classic chart patterns as well. Your focal
1284 -
1285 -322
1286 -00:21:11,100 ~-~-> 00:21:14,430
1287 -points obviously are looking for the intraday support
1288 -
1289 -323
1290 -00:21:14,430 ~-~-> 00:21:17,190
1291 -resistance levels for this particular timeframe and also the
1292 -
1293 -324
1294 -00:21:17,190 ~-~-> 00:21:20,460
1295 -higher timeframe as well. You're gonna be identifying the
1296 -
1297 -325
1298 -00:21:20,460 ~-~-> 00:21:23,250
1299 -market structure within this timeframe to trade in sync with
1300 -
1301 -326
1302 -00:21:23,250 ~-~-> 00:21:26,040
1303 -the higher timeframe market structure. Okay, so that'll
1304 -
1305 -327
1306 -00:21:26,040 ~-~-> 00:21:29,310
1307 -hopefully get you in sync with the higher time frame macro
1308 -
1309 -328
1310 -00:21:29,730 ~-~-> 00:21:34,470
1311 -directional premise where most of the institutional and high
1312 -
1313 -329
1314 -00:21:34,470 ~-~-> 00:21:37,560
1315 -level banking flows will be moving the market anyway. And
1316 -
1317 -330
1318 -00:21:37,560 ~-~-> 00:21:39,660
1319 -you want to be riding the coattails of those participants,
1320 -
1321 -331
1322 -00:21:39,900 ~-~-> 00:21:42,300
1323 -not just getting in there, you know, throwing the dice
1324 -
1325 -332
1326 -00:21:42,300 ~-~-> 00:21:46,500
1327 -hopefully being right on, you know, assumption that you your
1328 -
1329 -333
1330 -00:21:46,500 ~-~-> 00:21:48,750
1331 -chart may be indicating you want to be trading on these
1332 -
1333 -334
1334 -00:21:48,750 ~-~-> 00:21:53,460
1335 -higher timeframe charts. Okay. Obviously, looking for key
1336 -
1337 -335
1338 -00:21:53,460 ~-~-> 00:21:55,920
1339 -swings in the marketplace highs and lows, you'd be pulling
1340 -
1341 -336
1342 -00:21:55,920 ~-~-> 00:21:58,050
1343 -your Fibonacci levels for extensions and retracements
1344 -
1345 -337
1346 -00:21:58,050 ~-~-> 00:22:02,400
1347 -looking for confluences Defining buy and sell pivots zones
1348 -
1349 -338
1350 -00:22:02,430 ~-~-> 00:22:06,480
1351 -based on the daily pivots again, 15 minute chart is going to
1352 -
1353 -339
1354 -00:22:06,480 ~-~-> 00:22:07,770
1355 -have daily pivots.
1356 -
1357 -340
1358 -00:22:08,640 ~-~-> 00:22:09,480
1359 -The 60 minute,
1360 -
1361 -341
1362 -00:22:09,960 ~-~-> 00:22:13,260
1363 -we'll have the weekly pivots for our has the monthly pivots,
1364 -
1365 -342
1366 -00:22:13,320 ~-~-> 00:22:16,320
1367 -okay? And then we're going to delineate the initial range
1368 -
1369 -343
1370 -00:22:16,320 ~-~-> 00:22:20,040
1371 -high and low basis, the Asian range indicator, okay? That's
1372 -
1373 -344
1374 -00:22:20,040 ~-~-> 00:22:23,700
1375 -going to be putting the zero GMT to five GMT, that window of
1376 -
1377 -345
1378 -00:22:23,700 ~-~-> 00:22:26,370
1379 -opportunity, that is the accumulation distribution phase for
1380 -
1381 -346
1382 -00:22:26,370 ~-~-> 00:22:30,780
1383 -the day, that's where they are establishing to beginning of
1384 -
1385 -347
1386 -00:22:30,810 ~-~-> 00:22:35,730
1387 -the daily range. And what we do based on that, breaking out
1388 -
1389 -348
1390 -00:22:36,030 ~-~-> 00:22:40,740
1391 -falsely or confirmed above or below the high low that is,
1392 -
1393 -349
1394 -00:22:41,220 ~-~-> 00:22:44,580
1395 -we'll obviously be taught during the limit open portion of
1396 -
1397 -350
1398 -00:22:44,580 ~-~-> 00:22:50,910
1399 -this presentation. Part Seven. Okay, so this is only part
1400 -
1401 -351
1402 -00:22:50,910 ~-~-> 00:22:53,760
1403 -four, so you got to get more stages to get to that. But
1404 -
1405 -352
1406 -00:22:54,210 ~-~-> 00:22:57,990
1407 -obviously, in this stage of timeframe, 15 minutes, you're
1408 -
1409 -353
1410 -00:22:57,990 ~-~-> 00:23:00,930
1411 -going to be looking to define fractal forming. And swing
1412 -
1413 -354
1414 -00:23:00,930 ~-~-> 00:23:04,260
1415 -points. Okay, now it's not limited to the 15 minute chart
1416 -
1417 -355
1418 -00:23:04,260 ~-~-> 00:23:06,630
1419 -obviously you can start to break down your fractal
1420 -
1421 -356
1422 -00:23:06,630 ~-~-> 00:23:11,250
1423 -formations and daily highs and lows. Looking at the last
1424 -
1425 -357
1426 -00:23:11,250 ~-~-> 00:23:15,390
1427 -three in the 60 minute chart, okay, I just for the sake of
1428 -
1429 -358
1430 -00:23:15,630 ~-~-> 00:23:19,260
1431 -clarity on my charts I like the 15 minute chart if the price
1432 -
1433 -359
1434 -00:23:19,260 ~-~-> 00:23:22,530
1435 -action will permit if it gets a little cluttered and it's
1436 -
1437 -360
1438 -00:23:22,680 ~-~-> 00:23:27,210
1439 -real choppy, I'll zoom out to a 60 minute chart and use the
1440 -
1441 -361
1442 -00:23:27,210 ~-~-> 00:23:30,870
1443 -same analysis looking at the fractal formations based on the
1444 -
1445 -362
1446 -00:23:30,870 ~-~-> 00:23:39,300
1447 -last three days highs and lows. All right. Finally, the five
1448 -
1449 -363
1450 -00:23:39,300 ~-~-> 00:23:42,420
1451 -minute time frames is the smallest timeframe that I utilize
1452 -
1453 -364
1454 -00:23:42,450 ~-~-> 00:23:45,900
1455 -in my trading and the focal points obviously using the
1456 -
1457 -365
1458 -00:23:45,900 ~-~-> 00:23:48,450
1459 -higher time frames for it just as levels transposed down to
1460 -
1461 -366
1462 -00:23:48,450 ~-~-> 00:23:51,870
1463 -this timeframe. Again, focusing on the previous three days
1464 -
1465 -367
1466 -00:23:51,870 ~-~-> 00:23:56,520
1467 -highs and lows, pulling your Fibonacci from your swing highs
1468 -
1469 -368
1470 -00:23:56,520 ~-~-> 00:24:01,560
1471 -and swing lows and particular dominant price swings. Looking
1472 -
1473 -369
1474 -00:24:01,560 ~-~-> 00:24:05,400
1475 -for extensions and retracements your pivot points obviously
1476 -
1477 -370
1478 -00:24:05,400 ~-~-> 00:24:07,770
1479 -will be plotted still on this timeframe much like the 15
1480 -
1481 -371
1482 -00:24:07,770 ~-~-> 00:24:11,400
1483 -minute now you're gonna be adding the kill zones case you're
1484 -
1485 -372
1486 -00:24:11,400 ~-~-> 00:24:14,160
1487 -gonna be mapping time of day on this particular timeframe.
1488 -
1489 -373
1490 -00:24:14,850 ~-~-> 00:24:17,910
1491 -Your London open kill zone your New York open kill zone your
1492 -
1493 -374
1494 -00:24:17,910 ~-~-> 00:24:20,970
1495 -London close to kill zone and you're Asia's killer and if
1496 -
1497 -375
1498 -00:24:20,970 ~-~-> 00:24:25,170
1499 -you trade Asia Asian range will be on this timeframe as well
1500 -
1501 -376
1502 -00:24:25,830 ~-~-> 00:24:28,800
1503 -and you're also going to be now implementing the average
1504 -
1505 -377
1506 -00:24:28,800 ~-~-> 00:24:32,970
1507 -daily range on a five day basis. Okay looking for targets
1508 -
1509 -378
1510 -00:24:32,970 ~-~-> 00:24:37,380
1511 -intraday main focal points for this timeframe is obviously
1512 -
1513 -379
1514 -00:24:37,380 ~-~-> 00:24:40,560
1515 -looking to determine short term intraday timeframe support
1516 -
1517 -380
1518 -00:24:40,560 ~-~-> 00:24:44,190
1519 -resistance, not only the higher time frame but its
1520 -
1521 -381
1522 -00:24:44,190 ~-~-> 00:24:46,320
1523 -individual support resistance and dealing range highs and
1524 -
1525 -382
1526 -00:24:46,320 ~-~-> 00:24:49,890
1527 -lows. You're going to be identifying the daily highs and
1528 -
1529 -383
1530 -00:24:49,890 ~-~-> 00:24:52,920
1531 -lows and all previous three sessions. Okay, so in other
1532 -
1533 -384
1534 -00:24:52,920 ~-~-> 00:24:55,770
1535 -words, not only are you looking at the high end low for
1536 -
1537 -385
1538 -00:24:55,770 ~-~-> 00:24:58,290
1539 -today that you're trading, but you're only looking at the
1540 -
1541 -386
1542 -00:24:58,290 ~-~-> 00:25:02,670
1543 -last three days prior Why three days because it takes three
1544 -
1545 -387
1546 -00:25:02,670 ~-~-> 00:25:07,410
1547 -bars to make a swing high and or swing low. And by having
1548 -
1549 -388
1550 -00:25:07,410 ~-~-> 00:25:10,080
1551 -those last three days in relationship to where we are
1552 -
1553 -389
1554 -00:25:10,080 ~-~-> 00:25:12,660
1555 -trading today, you can see where you are in relationship to
1556 -
1557 -390
1558 -00:25:12,660 ~-~-> 00:25:15,660
1559 -that daily higher load that may be forming on a daily chart.
1560 -
1561 -391
1562 -00:25:17,310 ~-~-> 00:25:20,250
1563 -Gonna be identifying key resistance and support based on
1564 -
1565 -392
1566 -00:25:20,250 ~-~-> 00:25:22,980
1567 -Fibonacci and implied support resistance and looking for
1568 -
1569 -393
1570 -00:25:22,980 ~-~-> 00:25:26,460
1571 -confluences own extensions and retracements. You can be
1572 -
1573 -394
1574 -00:25:26,460 ~-~-> 00:25:30,000
1575 -defining buy and sell pivot zones based on a daily pivots.
1576 -
1577 -395
1578 -00:25:30,510 ~-~-> 00:25:32,340
1579 -And you're gonna be delineating the initial range high and
1580 -
1581 -396
1582 -00:25:32,340 ~-~-> 00:25:36,690
1583 -low utilizing the Asian range high and low indicator between
1584 -
1585 -397
1586 -00:25:36,690 ~-~-> 00:25:40,170
1587 -zero GMT and five GMT. And in this timeframe, you're going
1588 -
1589 -398
1590 -00:25:40,170 ~-~-> 00:25:43,740
1591 -to be anticipating the manipulation that mean the Judas
1592 -
1593 -399
1594 -00:25:43,740 ~-~-> 00:25:44,070
1595 -swing.
1596 -
1597 -400
1598 -00:25:49,590 ~-~-> 00:25:52,830
1599 -Alright, now that we covered what you would have on each one
1600 -
1601 -401
1602 -00:25:52,830 ~-~-> 00:25:56,790
1603 -of your charts and each timeframe, let's move over to an MT
1604 -
1605 -402
1606 -00:25:56,790 ~-~-> 00:26:00,000
1607 -four platform and show you what it's like to set up a temp
1608 -
1609 -403
1610 -00:26:00,930 ~-~-> 00:26:03,450
1611 -Am I going to walk through every timeframe, I'm gonna show
1612 -
1613 -404
1614 -00:26:03,450 ~-~-> 00:26:06,690
1615 -you how you can add your tools to a particular timeframe and
1616 -
1617 -405
1618 -00:26:06,690 ~-~-> 00:26:08,760
1619 -save it as a template. So that way every time you pull up a
1620 -
1621 -406
1622 -00:26:08,760 ~-~-> 00:26:11,250
1623 -new chart, if you click the template, it'll load
1624 -
1625 -407
1626 -00:26:11,250 ~-~-> 00:26:13,680
1627 -automatically in all your indicators will be exactly the way
1628 -
1629 -408
1630 -00:26:13,680 ~-~-> 00:26:18,900
1631 -they were the last time you used it. Okay, guys, we are
1632 -
1633 -409
1634 -00:26:18,900 ~-~-> 00:26:22,650
1635 -looking at an empty four platform. And this is empty
1636 -
1637 -410
1638 -00:26:22,680 ~-~-> 00:26:25,830
1639 -workspace right now there's no chart setup for it. And we're
1640 -
1641 -411
1642 -00:26:25,830 ~-~-> 00:26:29,370
1643 -gonna, more or less to set up the five minute chart and just
1644 -
1645 -412
1646 -00:26:29,370 ~-~-> 00:26:32,220
1647 -go over the rules and outlines we just did for each
1648 -
1649 -413
1650 -00:26:32,220 ~-~-> 00:26:35,520
1651 -timeframe. And to set up your template for each one. That
1652 -
1653 -414
1654 -00:26:35,520 ~-~-> 00:26:38,010
1655 -way when you pull up a different currency pair, just click
1656 -
1657 -415
1658 -00:26:38,010 ~-~-> 00:26:41,130
1659 -on your templates and everything that you have in your
1660 -
1661 -416
1662 -00:26:41,130 ~-~-> 00:26:44,100
1663 -chart. Last time you use it or for a particular pair will
1664 -
1665 -417
1666 -00:26:44,100 ~-~-> 00:26:47,640
1667 -load up as a default. Okay, we're gonna look at
1668 -
1669 -418
1670 -00:26:48,900 ~-~-> 00:26:51,090
1671 -the euro. This is an example.
1672 -
1673 -419
1674 -00:26:52,950 ~-~-> 00:26:54,660
1675 -Okay, we're going to take the grid off.
1676 -
1677 -420
1678 -00:26:57,930 ~-~-> 00:27:00,120
1679 -We're going to change it to a candlestick. I'm
1680 -
1681 -421
1682 -00:27:02,100 ~-~-> 00:27:03,540
1683 -going to shift it over a little bit.
1684 -
1685 -422
1686 -00:27:05,790 ~-~-> 00:27:07,050
1687 -We're going to add
1688 -
1689 -423
1690 -00:27:11,730 ~-~-> 00:27:14,760
1691 -the Asian range and we're setting it to
1692 -
1693 -424
1694 -00:27:17,160 ~-~-> 00:27:18,960
1695 -zero to five GMT.
1696 -
1697 -425
1698 -00:27:20,760 ~-~-> 00:27:23,040
1699 -And obviously you set whatever color you'd like.
1700 -
1701 -426
1702 -00:27:25,290 ~-~-> 00:27:27,720
1703 -And set the timeframe to five minutes
1704 -
1705 -427
1706 -00:27:30,810 ~-~-> 00:27:32,010
1707 -and we're going to add
1708 -
1709 -428
1710 -00:27:36,030 ~-~-> 00:27:37,140
1711 -the daily pivots.
1712 -
1713 -429
1714 -00:27:40,410 ~-~-> 00:27:42,360
1715 -without having any support resistance levels, obviously
1716 -
1717 -430
1718 -00:27:42,360 ~-~-> 00:27:45,510
1719 -we're just gonna leave it as it is here, in every timeframe
1720 -
1721 -431
1722 -00:27:45,600 ~-~-> 00:27:47,850
1723 -in all the tools that we will utilize for that particular
1724 -
1725 -432
1726 -00:27:47,850 ~-~-> 00:27:51,120
1727 -timeframe you would have loaded on your chart Now if this is
1728 -
1729 -433
1730 -00:27:51,120 ~-~-> 00:27:54,690
1731 -what you want to keep for your particular template. One more
1732 -
1733 -434
1734 -00:27:54,690 ~-~-> 00:27:57,270
1735 -we forgot to put on here, let's put the average daily range
1736 -
1737 -435
1738 -00:28:00,600 ~-~-> 00:28:03,480
1739 -Thought that as well. Okay, so now everything would be set
1740 -
1741 -436
1742 -00:28:03,480 ~-~-> 00:28:05,220
1743 -up for today's trading.
1744 -
1745 -437
1746 -00:28:06,839 ~-~-> 00:28:09,509
1747 -And if you wanted to have obviously the
1748 -
1749 -438
1750 -00:28:13,740 ~-~-> 00:28:19,920
1751 -pivots with your mid pivot levels and such nuded you sure
1752 -
1753 -439
1754 -00:28:19,980 ~-~-> 00:28:24,030
1755 -your GMT pivots. Now this is what you would have on your
1756 -
1757 -440
1758 -00:28:24,030 ~-~-> 00:28:26,100
1759 -chart. So you go to charts,
1760 -
1761 -441
1762 -00:28:27,420 ~-~-> 00:28:28,530
1763 -go to template,
1764 -
1765 -442
1766 -00:28:29,790 ~-~-> 00:28:30,930
1767 -Save Template
1768 -
1769 -443
1770 -00:28:32,310 ~-~-> 00:28:36,510
1771 -and we're going to save this as the five minute
1772 -
1773 -444
1774 -00:28:37,860 ~-~-> 00:28:38,370
1775 -chart
1776 -
1777 -445
1778 -00:28:39,810 ~-~-> 00:28:40,860
1779 -and you click safe.
1780 -
1781 -446
1782 -00:28:42,330 ~-~-> 00:28:45,210
1783 -Okay, now let's assume for a moment you
1784 -
1785 -447
1786 -00:28:46,560 ~-~-> 00:28:49,470
1787 -close out your chart or just wanted to start a fresh one.
1788 -
1789 -448
1790 -00:28:50,490 ~-~-> 00:28:53,760
1791 -And so you want to use the same template on the British
1792 -
1793 -449
1794 -00:28:53,760 ~-~-> 00:28:58,650
1795 -Pound st thing just get rid of everything here and walk
1796 -
1797 -450
1798 -00:28:58,650 ~-~-> 00:29:01,170
1799 -through and put all the indicators on and And waste time
1800 -
1801 -451
1802 -00:29:01,170 ~-~-> 00:29:02,190
1803 -doing that or
1804 -
1805 -452
1806 -00:29:04,680 ~-~-> 00:29:06,570
1807 -just simply open up a British Pound chart.
1808 -
1809 -453
1810 -00:29:10,200 ~-~-> 00:29:15,960
1811 -Go up to your charts tab, go to templates, go to load, or go
1812 -
1813 -454
1814 -00:29:15,960 ~-~-> 00:29:18,660
1815 -down here, if you have very little like I do here
1816 -
1817 -455
1818 -00:29:19,170 ~-~-> 00:29:20,460
1819 -is clicked a five minute chart
1820 -
1821 -456
1822 -00:29:21,720 ~-~-> 00:29:24,900
1823 -it'll automatically give you all your tools and applications
1824 -
1825 -457
1826 -00:29:24,900 ~-~-> 00:29:29,100
1827 -and you just zoom in, and everything will be as it should be
1828 -
1829 -458
1830 -00:29:29,100 ~-~-> 00:29:33,510
1831 -for your your trading day. So everything that you would use
1832 -
1833 -459
1834 -00:29:33,510 ~-~-> 00:29:36,510
1835 -for your five minute chart is already loaded. And you simply
1836 -
1837 -460
1838 -00:29:36,930 ~-~-> 00:29:40,980
1839 -do your analysis and trade accordingly. And, obviously do it
1840 -
1841 -461
1842 -00:29:40,980 ~-~-> 00:29:44,970
1843 -for your monthly chart, your weekly chart, daily chart for
1844 -
1845 -462
1846 -00:29:44,970 ~-~-> 00:29:48,930
1847 -our 60 minute 15 minute based on the outlines we shared in
1848 -
1849 -463
1850 -00:29:48,930 ~-~-> 00:29:49,710
1851 -this presentation.
1852 -
1853 -464
1854 -00:29:50,370 ~-~-> 00:29:51,600
1855 -And with that guys, I wish you good luck
1856 -
1857 -465
1858 -00:29:51,840 ~-~-> 00:29:52,650
1859 -and good trading