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Version 1.1 by Drunk Monkey on 2020-11-20 16:49
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3 ICT: Now, when you first get introduced to trading and you
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7 read the forum's and maybe you've gotten your hands on a few
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11 technical books or listen to a few mentors speaking on
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15 YouTube or, or on TV, that maybe some of these questions
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19 popped up, because this is basically the same question that
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23 I came upon as a new trader years ago. And I saw all these
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27 technical tools in these, these are applications that one
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31 could use for, for charting. And I always wanted what
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35 specific technicals? What specific technical tools do I use,
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39 okay, and what timeframes do I use? And what tools do I use
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43 during their specific timeframes? And really, where do I
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47 begin and maybe you've had these questions come across in
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51 your own development? Maybe it's where you're struggling
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55 right now as a new trader, maybe you just started looking at
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59 forex, and or, you know, trading in nature as a whole. And
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63 you're struggling with this very foundation as to where to
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67 begin using the technical tools and timeframes. Well, this
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71 presentation is going to focus on defining specific
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75 technical tools, assigning specific tools to specific
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79 timeframes and I'm going to illustrate how you can set up
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83 layouts and share with you some time saving uses of Mt for
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87 templates.
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91 I first the monthly chart, okay, the monthly timeframe is
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95 the largest macro view that we work with in technical
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99 analysis. And we open our charts up on a monthly timeframe.
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103 You want to have a designated chart specifically for Your
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107 monthly, okay because you're not going to use it too much in
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111 terms of everyday use, but at least once a week, maybe
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115 midweek, he'll refer to it. But when you're using this
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119 chart, you won't be using it for referencing the higher
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123 timeframe. Key support resistance levels, you won't be
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127 looking for your Fibonacci levels, measuring highs, the
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131 lows, looking for retracements even extensions, looking for
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135 classic price patterns, trends. Directional probabilities on
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139 the higher time frame tend to have a higher magnitude
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143 and duration
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147 versus the intraday charting concepts. So generally, movies
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151 that are underway on a monthly chart tend to stay on their
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155 way for a great period of time. So a lot of your directional
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159 premise is going to derive and originate from that monthly
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163 chart. And using a monthly momentum indicator is useful when
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167 you're using trending concepts. So in a monthly chart is
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171 trending if you see a oversold condition Moving out of
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175 oversold into an upward trending indication on your momentum
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179 in here it could be a stochastic it could be a MACD. When
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183 you see that it adds confirmation to hopefully you're
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187 already established premise that the market should be
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191 bouncing off support levels and moving higher comparably.
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195 But the monthly timeframe your focal points are really going
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199 to be. But the monthly timeframe really focal points are
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203 going to be trying to determine the higher time frame
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207 support resistance levels that you'll carry down through all
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211 the way to your daily intraday charts. You're going to be
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215 identifying key Fibonacci levels based on key price swings,
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219 high and low, looking for extensions and retracements. And
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223 you're even trying to do a macro view and analysis on
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227 determining the long term direction based on the monthly
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231 chart. You're gonna be monitoring long term sentiment as
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235 well based on overbought or oversold you In your momentum
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239 indicator again it could be stochastic it could be RSI,
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243 waiting for sonar or even a MACD
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247 the weekly chart okay the weekly timeframe, your focus is
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251 going to be again moving that monthly support resistance
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255 levels down to your weekly. And by focusing on the key
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259 support resistance, the key support resistance levels you
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263 see on the weekly chart you'll have a higher degree of
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267 higher time frame support resistance levels both those
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271 levels seen in the monthly and now the new levels that are
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275 apparent using the weekly chart. Now we're going to be
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279 looking at market structure more efficiently because you'll
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283 have a better gauge on price swings using the weekly chart
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287 and having market structure okay And much like we did on the
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291 monthly chart Fibonacci levels will be derived based on the
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295 swing highs and swing lows, looking for extensions and or
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299 retracement levels to look for convergence on the lower
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303 timeframes and or targets. Now on the weekly chart you're
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307 going to be looking for your co2 analysis with this
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311 timeframe okay we are following the net traders position
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315 okay. And I use the price charts calm you can use any any
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319 service that you find suitable for your tastes. But like I
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323 said I've grown an affinity towards these charts I this is
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327 like them you're not limited to just this for these concepts
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331 that work is just a matter of preference on my part, but
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335 you're studying the net trade position on a weekly chart.
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339 Okay, not on any other timeframe you focus in on the weekly
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343 and having a weekly momentum indicator again much like
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347 monthly stochastic MACD RSI or even for sonar is effective
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351 as well as momentum and sentiment purposes. focal points,
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355 obviously The weekly chart is going to be determining the
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359 higher time frame support resistance levels on this
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363 timeframe, and transposing those that you find on the
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367 monthly chart down to the weekly as well. You'll be
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371 identifying market structure key swings and high and low.
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375 Okay, and identifying key resistance and support levels
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379 based on Fibonacci levels as well. So we're gonna be looking
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383 for convergences, and you're gonna be trying to determine
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387 what the commercial traders trend is based on the co2. It's
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391 not just simply are we overbought, oversold, and are we
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395 trending higher or lower, but we're now we're also going to
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399 add to the fact that we have to understand what the traders
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403 are doing in the commercial realm. Just because the market
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407 is been in a downtrend. If there's a high level extreme net
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411 long position, that could be an indication that the
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415 commercials are pricing out low in the marketplace and being
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419 a bear may not be advantageous for you. And vice versa
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423 looking for, obviously, much like we did on the monthly
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427 monitoring the long term sentiment based on momentum and or
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431 market sentiment or similar concepts to arrive at that.
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435 Okay, the daily timeframe. Okay, and your daily chart,
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439 obviously, we would transpose our monthly and weekly key
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443 support resistance levels because that's paramount in our
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447 trading. Again, much like we did on the weekly market
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451 structure is going to be very, very effective. In this
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455 timeframe, you'll start seeing a lot more symmetry in the
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459 market with this specific timeframe. And much like we had in
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463 our monthly and weekly Fibonacci is always going to be
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467 present in every timeframe. We trade, looking for extensions
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471 and retracements. And now on this timeframe, we add the
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475 concept of open interest. So you're looking at it interest
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479 which is total open interest on the specific currency pair
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483 that's traded. Okay. In other words, the cable, you're gonna
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487 be looking at the British Pound futures contract in the
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491 futures market. And you'll be following the total open
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495 interest. Okay? You're not looking at just the open interest
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499 for the nearby you looking at total open interest. Okay. And
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503 obviously we learned that open interest is an indication of
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507 commercial net short selling. The higher the open interest
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511 the greater than net short position or net selling that the
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515 commercial traders are doing. And if there's a drop in open
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519 interest, that could be a indication that they are lessening
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523 their shorts and that could be bullish in nature. But the
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527 open interest concept is applied to your daily timeframe,
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531 momentum indicator as well as useful on this timeframe.
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535 Again, you could be as simple as RSI Williams for sonar
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539 stochastic or MACD. It's not a you know, a whole hard and
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543 fast rule, there has to be one or the other. It's just a
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547 matter of preference. Simple overbought, oversold divergence
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551 is what you're looking for. And that will be a preference
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555 that you had determined for you as a trader. focal points
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559 for the daily chart obviously, you're gonna be trying to
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563 determine the intermediate term timeframe support resistance
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567 levels and looking at the higher timeframe weekly and
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571 monthly support resistance levels as well. So there's going
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575 to be new levels determined and arrived at with each level
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579 as we go lower. It's just a matter of looking confluences
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583 between the levels and the greater the confluence, the
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587 higher the degree the support resistance level is going to
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591 be. You're gonna be identifying market structure, key
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595 swings, highs and lows. And within those keys, high swings
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599 and lows, you're gonna be looking at Fibonacci extensions
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603 and retracement levels looking for convergences. We're going
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607 to be trying to define the commercial traders open interest.
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611 Okay, are they adding to shorts or are they lessening
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615 shorts? Okay based on the relationship of open interest and
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619 price action, you're gonna be monitoring intermediate term
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623 sentiment through your momentum indicator. And you'd be
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627 monitoring correlation concepts now within this timeframe
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631 SMT divergence us dx SMT as well.
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635 Alright, four hour time frame, okay, where your focus is for
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639 this timeframe, obviously the higher timeframe key support
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643 resistance levels transposed to this time frame as well. Now
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647 we're gonna introduce the monthly Trinity. Okay, we're
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651 looking at the previous month's range high and low. And all
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655 of the matrix levels that make up my ICT Trinity level
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659 indicator. And I'm not going to go into that here obviously
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663 there's its own teaching on it. And if you're new and you're
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667 just watching this, the the Trinity tools will be made
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671 available to you as well in the thread on baby pips. So if
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675 you see this video and you're you're scratching head, what
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679 is the Trinity Here, you'll find it on the pips threads.
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683 million x traders guild thread in the
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687 forum section on baby pips calm.
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691 We'll be looking at the Fibonacci levels as well on the four
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695 hour based on key highs and lows and the swings. And now
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699 we're going to be introducing, in this timeframe, the pivot
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703 points, but we're going to be utilizing the own monthly
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707 pivots only on the four hour, okay, because you don't have
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711 all these levels and lines on your chart, you won't be able
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715 to see price action, which is the more important tenant to
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719 your analysis, not all these, these indicators, the monthly
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723 pivot points, you'll plot on your four hour chart, okay.
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727 Obviously, my market structure is a crucial factor as well
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731 in this timeframe as well looking for trend consolidation,
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735 reversal, market profiling, all those things. You know,
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739 dovetail nicely with this This premise in Mark structure are
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743 we bullish or bearish have we put in every term higher low
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747 and looking to trade comparably price patterns, simple
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751 classic price patterns, ascending triangles, pennants, head
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755 and shoulders, Bull flags, bear flags, anything of that
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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