ICT - Trading Plan Development 6.srt
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ICT: Okay folks, we are looking at Part Six on the trading
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plan development series and we're focusing on short term
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trading in this example. And obviously, you know, we're not
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reinventing the wheel here a lot of the concepts that I'll
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be discussing here are taught in previous As teaching
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modules, I would counsel you to look at my short term
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trading video module, the power three video module, how to
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catch explosive profits in the Forex market video module and
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while you'll, you'll refer back to the optimal trade entry
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video module, and maybe even the fifth concept so the module
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may be of help to you as well. But let's take a look
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at
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the overall plan here.
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Okay, and we're looking at short term trading plan and
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premise to this style trading is we're gonna be trading in
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sync with the market structure. And we're gonna talk about
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market structure in this video module a bit more greater
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detail because I really wanted to differentiate it from
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market flow, okay, because there is a difference in what I
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mean when I say market flow and market structure, okay, if
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there was one specific preference over trading with Mark
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flow or market structure, it would be market structure.
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Okay, I learned from Larry Williams. And I think this will
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be more or less a better treatise on the explanation on how
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I trade with it in this in this module. All right duration
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this style of trading is as low as intraday, a entry and
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exit at the same day to as little as a few days. anything
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greater than five days in a trade I would consider a swing
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trade. So five days or less, to me is a short term trade and
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the average pips in terms of profit, we're aiming for 50 to
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150 pips per trade. Alright, so the buy signals, how do we
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arrive at looking for buys or we're gonna be trading long in
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the observance of a bullish market maker profile. That's the
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fractal we're going to be highlighting in this video module.
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There's all types of fractals all different styles of
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trading fractals. Again, fractals are simply a pattern that
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is infinitely visible. Okay, in any timeframe up or down.
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Okay. They're going to look a little bit different overall
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but generally the do overall premise or pattern to it is
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universally the same. Okay? And you'll see what I mean by
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that when we look at the actual market maker profile. We're
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looking to find price patterns and conferences to support
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our trades in the direction of the market maker profile and
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market structure those both being bullish and will be
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utilized in the trade entry for entry price and using fib
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extensions for profits nothing new here guys No, no
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reinventing the wheel here simple concepts we've already
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talked about in previous video modules. sell signals
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obviously much like everything else in my teaching is is to
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reverse everything. So if you look for the observance of a
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bearish market maker profile, the fractal again we're
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looking for with a bearish market structure. And we'll be
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looking for price patterns and conferences. And we'll be
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utilizing the optimal trade entry for our entry price and
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using fib extensions 127 162 and 200 for profit. Now, when
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we put a trade on the wrist we associate each trade will be
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maximized at no greater than 2% per trade. Ideally, I
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recommend 1% even in a demo account, guys, because you don't
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want the did the more demoralizing effect of being wrong and
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seeing your equity erode? Even if it is a demo account?
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You're not? No, you're not learning anything by losing money
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fast. Okay, trust me. I've done that a lot. Early on, I've
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lost a lot of money, okay. And I never learned anything from
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that. Okay. I learned from really learning to step back and
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lose money slowly. That's that that's when you learn because
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when you quickly lose money and lots of it, you're, you're
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so swamped with emotions, okay. You can't think of
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objectively and you want to be able to lose money slowly and
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objectively look at what it is you're doing. Wrong, and take
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a step back and look at it if you're losing seven 812 15% in
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one or two trades, okay? I've done that. Okay? years and
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years ago, I've done that. And I'm telling you, you don't
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learn anything from that you actually will find limitless
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reasons to get out of this and never do it again, never give
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yourself a chance. So again, can't stress it enough keep
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your risk very, very small. If you're brand new, absolutely
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brand new risk one half of 1%. How about that goes against
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what you thought is logic con, you think you got to risk a
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whole lot of money you don't. So if you're looking at,
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you know, a trading portfolio and you use these concepts or
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any other trading concepts, obviously, risk management is in
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the forefront of your mind as a trader is that even as a
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developing trader, because as a professional myself, the
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first thing I care about is what am I going to risk? Okay,
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what is my risk overall, and how quickly can I read Move the
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risk and go to breakeven and then immediately looking beyond
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that point to lock in something I want to get paid, okay? I
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don't want I don't care about right, I want to be paid. I
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know there's enough opportunities every single week, I can,
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I can harvest money from the market every week, okay? And
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that's the mindset you need to adopt. There's no rush to get
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in. There is a rush to protect your assets and your in your
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equity. So there's where you rush, you rush to save money,
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and you move slowly when you're trying to make money. Okay,
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so that way you're controlling your drawdown. And for more
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information on that, obviously look at my handling drawdown
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and inevitable losses video module. Okay. That's actually
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how I handle with losing streaks. And yes, surprise, I have
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losing streaks, so you have to have that in your arsenal as
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well. So now, taking a step back and looking at this, you're
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probably scratching your saying, Well, wait a minute. This
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really isn't a trading plan. Well, that's for the guys that
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just started watching my videos. And they're looking at this
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saying, what does this even mean? for those who've been
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following me for While have digested the previous videos and
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you understand what optimal trade entry is, you understand
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what specific price patterns we're talking about, you
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understand what confluences are. Okay, you had a brief
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introduction to fractals with the optimal trade entries.
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We're gonna learn a little bit more about that in here. And
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what specifically a market maker does on all timeframes to
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facilitate trade. But it's not my goal here to break down
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every intricate detail that goes into making a specific
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short term trading plan. And the reason why is because I
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don't know your personality. I don't know what framework
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you're building you're trading on. And you'll understand
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more about what I mean by that when we actually break down
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the market maker profile because every one of these profiles
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is ambiguous. Okay. In other words, it can be viewed even
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though I present it as a bullish market profile. You may
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hone in on one aspect of this specific prat fractal. And you
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may say, Well, this is a pattern I see clearly. And I'll
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present it in this presentation as a bi model. But you may
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see the opportunities in here to sell. Okay? And believe me,
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this will make much more sense when we started looking at
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it. But if that's what you see, that's how you trade, okay?
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And don't discount that. Okay, and rewind that for a second.
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If you're, if you're listening to the playback, go back a
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couple seconds and hear that, again.
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That
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specific aspect of this fractal pattern, if you specifically
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see the selling aspect of a buy model, that's your niche.
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That's your framework to start trading, okay. All you need
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is a small little segment of the marketplace to be
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profitable. Okay, that's what you're doing this for. You're
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not here to impress your wife and I'm here to press your
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husband how smart you are. You want to go back to high
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school and say, you know, your physics teachers, hey, look
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at this, you know, I told you I was gonna amount to
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something. I'm a forex trader, okay? That's not that's not
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your goal, okay. And if it is, you know, prioritize make it
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back to getting profitability, okay? Get the ego out of it.
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So with all that, you know, I could go on and on and on
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here. Let's look at the actual market maker profile.
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Okay, this is the market maker profile for the buy model.
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Okay, and what this specifically is detailing here and it
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looks rather Elementary, it looks rather simplistic, but I
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assure you, it's conceptually how I trade. Okay. This
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overall diagram is the basis on how I can anticipate price
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action. I can anticipate specific targets. I can anticipate
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reversals, I can anticipate continuation I can anticipate
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pauses I can anticipate price retesting previous support and
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resistance okay everything that I do internally as a trader
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can be summarized with this very pattern right here okay and
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basically the the concept is simply looking at how price in
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here okay you find a resistance level okay and in here this
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green box is delineating consolidation. This consolidation
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is essentially happening or occurring rather around a higher
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timeframe hopefully nothing less than one hour basis
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resistance level. Okay, so the top of this range in here
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really is assuming that we see a resistance level here. So
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while prices in this consolidation as a prat as a pattern
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trader, you would be hunting climax reverse types of
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patterns, okay? Those being MACD divergence bearish. type
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one bear stochastic divergence, an ICT reflection, optimal
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trade entry cell. Okay, turtle soup cell. Okay, so those
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types of patterns, okay or hammer or a lot of guys call them
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pin bars okay if you see that in the candlesticks up here
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that ended this implied resistance level those are all
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patterns that you would look for okay. So you have a
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resistance level here you have a confluence of price pattern
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that could be a candlestick like a bearish hammer, it could
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be railroad tracks, it could be tweezers. It could be a
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whole slew of different types of candlestick patterns, but
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associate that also with an ICT reflection on optimal trade
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entry in here, something else and maybe even if you're going
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To be utilizing an indicator and not stressing out here, but
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I know it's probably a foreign word to purists. But if you
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can find something indicator wise to support it also, you
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know, it's just something else that you would look to see
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what other traders may be factoring in to current market
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sentiment. Okay, so obviously you'd be looking for something
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very short term in here as an overbought reading, maybe
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stochastics, RSI, whatever oscillator you use, waiting for
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sonar, anything that is you'd be looking for an overbought
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reading in this in this consolidation area. Now once market
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structure breaks down, okay, and again, we're going to talk
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about market structure and going in greater detail and how I
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use it. But right now we're just giving a brief summary or
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an overview if you will. market structure breaks, it trades
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below the range low here. Okay, when we see that we enter a
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new phase in the market profile. This red box delineates a
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new phase. segment of the overall profile. Now the reason
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why it's red. Okay, in case you're wondering what's the deal
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with all these colors, why you might as gotta be specific,
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as well, to me, I'm on alert. Okay, this is a red alert type
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segment of this market profile or this fractal pattern I'm
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looking at in price. Now this overall price swing down to
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present a buy opportunity, this could be present on a one
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minute chart. Again, I do not trade with a one minute chart,
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but you can see this pattern on a one minute. I look for on
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a five minute 15 minute, one hour, four hour and daily,
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okay, so by having those timeframes, okay, and an
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understanding of high timeframe support resistance levels.
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When I see this pattern unfolding, it makes trading for me,
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and obviously when you understand how it works for yourself,
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makes it very easy to anticipate, okay, and that's what you
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want. As a trader. You want to be able to anticipate things,
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expect specific things to unfold In price action, and then
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get yourself in sync with your anticipation of what price
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hopefully may do, but there's no guaranteed it's going to do
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that. So that's the reason why we use stop losses. So
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getting back to this box here, why is it red? Well, once we
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break out of this consolidation here, okay, and that
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specific price point, I'm anticipating a retest of this
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specific support level. Now broken is going to be hopefully,
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a resistance point.
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Okay, so if price can trade back up into that point, I'm
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going to sell okay in here if I miss this opportunity. So
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this here, this high in here, in this red box, there are
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several patterns you can utilize for trading here. You can
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use a turtle soup cell pattern, you could use an ICT
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reflection pattern, you can use a type two trend following
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which is a higher stochastics overbought reading here
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comparable to this previous high here. Okay, between this
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high and this high you'll see overbought readings on the
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stochastic but this reading here on this high price does the
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classical way even higher in terms of being overbought. So
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that's a type two trend falling or you may know it as a
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hidden divergence. Okay bearish. But again, it's a nickname
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nice. divergence is trend falling in nature and he dubbed it
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as a type two trend following. Or you could see a type one
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bearish divergence in here on this little small little range
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in here as well, or you could see an ICT Grail, which is an
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optimal trade entry from this high to the low inherent
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wherever it retraces up into. It could be a type two trend
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falling with that optimal trade action which makes it an ICT
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Grail pattern. Again, if you don't know what these things
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are, more or less driving you back to the previous course
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videos, and it's in the high probability price patterns
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video. Okay, you'll learn all about those price patterns in
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that video module. This red box here could also present you
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an ICT Stinger cell signal, which is a optimal trade entry
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with a type trend trend following bearish divergence within
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the second overbought reading here. This will be a type one
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bearish divergence. That's what an ICT Stinger is. That's a
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type one within a type two with an optimal trade entry
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Confluence at a implied resistance level which would be
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here. Okay. Now, getting back to the reason why it's red, I
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don't have to see it retest here. Okay, so this area here,
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this is the one that has a lot of ifs, okay, it could break
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out and never retest that. Okay, on strong markets, it will
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just continue, pause, Bear Flag in here and then move lower
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going down into the implied support level. Okay. So this
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area here it can retest, I like to see that ideally, but it
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don't necessarily have to have that. Okay. Now, what does
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that mean for you as a trader in here on short term basis,
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if you see this pattern unfolding over an hourly basis, this
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could be as much as 30 pips or 50 pips here. Okay. And you
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start seeing Miss Paul's in here, you know, you probably got
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a good leg before it trades down into a higher time frame
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support level. Whoa, what am I talking about selling short,
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this is supposed to be a buy model. Yeah, see what I'm
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talking about if you see this price pattern unfolding in
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your charts, okay, and it's clear that you understand this
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leg is going down, but you necessarily don't have the
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confidence needed to be buying boldface support levels here.
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Okay, you would end up catching the buy maybe on this side
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here after the breakout and the break in market structure,
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then a retest and then maybe you're a good candidate to be a
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buyer there, but not Nestle down here in the gray area. If
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you see this pattern as a sell, obviously, don't be limited
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by bias descriptions. Okay, to me, this is a buy model
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because I'm more focused on this higher timeframe. Swing
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lower because the markets being engineered to go lower into
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a key support level that I would imply or expensive Rather
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to see price bounced down here, assuming there's at higher
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time frame, monthly, weekly daily for our one hour support
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level down here to anticipate price movement higher. Now,
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assuming that we saw price move out of this area here, okay,
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that's fine. It goes down to the level we're anticipating a
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support level to be unfolding. When we get to this area,
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this is the gray area, because we don't necessarily know
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that that support level is going to provide support at all.
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Okay, you may get a small little bounce and this area here.
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This is where you can look to take first profit, why is it
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blue? Okay, and why is this one blue? Because if you do buy
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down here on the support level, okay, that would be down
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here that we're assuming based on a higher time frame
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premise. Look at the range.
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Okay, you have this high to this low as price starts to move
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up. Okay. If we start getting back to old support broke And
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now resistance, this could be an optimal trade entry to
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continue even lower. So you want to take some profits here,
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move your stop to break even. Okay and then have your
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remaining portion of the trade reach for what level here,
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this one here now this in this specific point here, you
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could see a type two trend following an optimal trade entry
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for an additional buy again, okay, Bull flag in here rallies
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on up and in here between both these blue boxes or even the
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lows in here. ICT Stinger buys ICT Grails, okay type two
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trend following. Those patterns could be seen on the upside
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in here. So that's how you hunt those. Okay, anticipate
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those types of patterns forming on the impulse move up away
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from the higher time frame support level. What say specific
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about this area, well go back to the range. Here's the high
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down to the low. You want to be taking some profits here
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because Cuz you may be pulling up into an optimal trade
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entry based on this previous range here to here. So why not
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take some off again, but still leave that stop down here.
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Okay? Don't move the stop until we break out of this area
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here, it's got to cancel out this optimal trade entry from
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this high to this low, because this one here, the second
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little blue box here, this could be a continuation. Okay,
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and we're going to talk about that later on. It's a bi model
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that really is transforming or mutates into a continuation
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lower. Okay? And it'll be a trend following going lower. And
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we'll talk about that again in greater detail actually walk
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through it. Now as price goes on, higher, obviously, this
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previous consolidation, those participants that are high
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timeframe premise or position traders, they're not going to
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be in a rush to lower stops down above this high or this
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high. Okay? They're willing to sit back and allow price to
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retrace deeper, but their stop loss order is going to be
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resting right above this highs. That's where you take your
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profits on your short term trading. Okay? Always look to
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take your profits on short term trades at logical areas of
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stops. Okay? any previous highs? Okay as price moves up,
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look to take profits there because there's a pocket of
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liquidity that will offer many times outstanding areas to
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take profits. Now, why do you take majority if not all your
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position off here because this could be a reversal and trade
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very, very deep into the range between the low made here and
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the high here or the low here to the higher why sitting
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through all that drawdown without taking profit. It doesn't
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make any sense to me. Okay, this low here to this high that
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range it could be deep couple deeper in terms of retracement
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and so Still overall trade higher. Okay, but take some
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profits, or here's the, here's what could really happen. You
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00:23:07,710 --> 00:23:11,070
could take this position and see profit all the way up here
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and never take anything off and watch it come all the way
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down and trade and reverse completely against you. That can
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happen guys. I know it doesn't seem like like it could,
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because we all want to be right. But it's not about being
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right. Okay, it's about being profitable.
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Alright, let's look at a market maker sell models. Okay.
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This one here. This is actually how I learned this pattern.
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I saw this pattern before I saw the buy model. And it's
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because I My belief is I think the market is predisposed to
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go up. Everybody thinks buying hold by then sell it. So to
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me, in this pattern makes more sense to me. But usually you
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see consolidation and support level. Price makes an impulse
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move up. Okay in comes back down doesn't have to find old
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00:24:04,080 --> 00:24:08,940
resistance broken now support and bull flags in here. Now
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you can get a type to trend following in here. A lot of the
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continuation patterns we discussed earlier, turtle soup,
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false, previous low taken out raw stock rate or something
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that effect moving up into a higher timeframe key resistance
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level. Okay? So you're anticipating the consolidation to run
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up into a higher timeframe resistance, then a break down.
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Okay, and then obviously, retest is what we're looking for.
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Okay, but over here, the focus is now going to be on are we
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seeing trend following signals like type two, ICT stingers.
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Grails okay to imply continuation moving lower bear flags
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something of that nature because when market structure
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breaks in here, we're going to take a look at examples of
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that. We want to see lower prices, because this area here
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will be an area of pockets of stops resting right below
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that. That's what we're capitalizing on. We want to get
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short at a resistance level. But this is a gray area. Again,
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00:25:15,360 --> 00:25:19,350
we don't know with any great certainty, or, you know,
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assurity really that this is going to be a high, we're
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trading it with the anticipation that it will be based on a
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00:25:27,030 --> 00:25:29,850
resistance level that we may see up here based on a monthly
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00:25:29,850 --> 00:25:34,290
weekly, daily for our nothing less than a one hour basis. So
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00:25:34,290 --> 00:25:37,230
this swing lowers what we're looking to capitalize on down
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into this area where we would run the previous
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00:25:39,390 --> 00:25:44,250
consolidations area of stops. Okay. Now, again, going back
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00:25:44,250 --> 00:25:47,190
to that same premise, why don't I give you specific details
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00:25:47,370 --> 00:25:51,300
on how to trade it with a specific plan? conceptually, you
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00:25:51,300 --> 00:25:57,240
may see this as this area as a buy in this area to take your
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00:25:57,240 --> 00:26:00,930
profits at or to your stop loss at an event. get tagged out.
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00:26:01,170 --> 00:26:03,690
And that's your profit from maybe in the consolidation
384
00:26:03,690 --> 00:26:07,500
buying an awful trade entry buy here, or an ICT reflection
385
00:26:07,500 --> 00:26:10,830
in here or an SMT bullish divergence, something that's a
386
00:26:10,830 --> 00:26:14,730
climax reversal could be a reason to be getting long in
387
00:26:14,730 --> 00:26:17,760
here. And this is your confirmation here, maybe even bought
388
00:26:17,760 --> 00:26:21,930
this, okay. And then looking forward to moving even higher,
389
00:26:22,050 --> 00:26:25,680
you know, this could be your trade in this consolidation or
390
00:26:25,680 --> 00:26:30,540
pause to here or devaluation beginning to end here, this
391
00:26:30,540 --> 00:26:34,410
could be their whole trading career. This is this one
392
00:26:34,410 --> 00:26:41,040
pattern, this one portion of the fractal just so you can see
393
00:26:41,040 --> 00:26:43,800
how it could be utilized. And again, I don't teach this and
394
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I don't advocate it but just so you can see it. You could be
395
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a scalper and see a higher timeframe resistance level like
396
00:26:51,030 --> 00:26:54,480
that. And then when price breaks down in here, these small
397
00:26:54,480 --> 00:26:57,390
little price swings inside this area here. Using fit
398
00:26:57,390 --> 00:26:59,880
extensions. You could be taking profits down here in this
399
00:26:59,880 --> 00:27:03,510
case Be Your scalping career here. Okay, you could be doing
400
00:27:03,510 --> 00:27:08,490
that once a day and just be done, make 10 1520 pips and be
401
00:27:08,490 --> 00:27:11,460
walking and walking out the door sealer. Again, I don't
402
00:27:11,520 --> 00:27:13,560
trade like that. I don't teach that. But I just want to show
403
00:27:13,560 --> 00:27:18,060
you the universalism to this pattern. It's easily applied to
404
00:27:18,270 --> 00:27:22,020
all types of trading styles. But generally, we're looking
405
00:27:22,020 --> 00:27:24,120
for this area here to sell into a higher time frame
406
00:27:24,120 --> 00:27:28,530
resistance level with this premise unfolding. Okay, the
407
00:27:28,530 --> 00:27:31,860
larger leg in price is going to be the high down to the low
408
00:27:31,860 --> 00:27:36,000
blowing out the previous consolidation. All right. Now some
409
00:27:36,000 --> 00:27:38,730
of you probably already recognize this pattern that seen my
410
00:27:38,730 --> 00:27:44,310
London open trading video that I released a couple years ago
411
00:27:44,310 --> 00:27:46,170
but I took down because I really wasn't pleased with the
412
00:27:46,170 --> 00:27:49,980
overall presentation of it. So I am revamping it. And that's
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00:27:49,980 --> 00:27:53,310
what part seven is really highlighting into this into the
414
00:27:53,310 --> 00:27:57,480
center folder flagship of that module, my London open
415
00:27:57,840 --> 00:28:04,050
tactics but this area here, between here is high in this low
416
00:28:04,140 --> 00:28:08,040
This is the lions portion of the move. And this is a very
417
00:28:08,040 --> 00:28:12,660
easy aspect of this route fractal this this pattern or leg
418
00:28:12,660 --> 00:28:16,530
of the pattern is what we're looking for. Okay now inside
419
00:28:16,530 --> 00:28:19,920
these red boxes you could see type two trend following again
420
00:28:21,120 --> 00:28:22,230
I see reflections
421
00:28:23,880 --> 00:28:26,610
continuation patterns of all sorts okay and obviously
422
00:28:26,610 --> 00:28:30,150
optimal trade entries from previous highs retracing, okay
423
00:28:30,150 --> 00:28:33,660
and every retracement should set up into another optimal
424
00:28:33,660 --> 00:28:37,140
trade entries going lower reaching for this area of
425
00:28:37,140 --> 00:28:39,540
consolidation where underneath it will be resting stops. And
426
00:28:39,540 --> 00:28:42,420
again, we're looking to take profits at logical areas of
427
00:28:42,420 --> 00:28:44,730
where stop loss orders would be okay.
428
00:28:50,880 --> 00:28:55,890
All right market structure. Ooh, look at this. It's not the
429
00:28:55,890 --> 00:28:59,160
best obviously, but it will accomplish the means I'm sure
430
00:29:00,450 --> 00:29:04,140
When you're looking at price action, okay? It's probably
431
00:29:04,140 --> 00:29:07,560
easier. Okay. And this is how I did it as well. Well, my
432
00:29:07,560 --> 00:29:12,150
computer when I started utilizing computer charting, and not
433
00:29:12,150 --> 00:29:14,760
use paper charting, because I started as commodity trading,
434
00:29:14,760 --> 00:29:18,090
I actually actually drew my bars vertically, put a little
435
00:29:18,210 --> 00:29:21,270
open tick to the left and close tick to the right. And I did
436
00:29:21,270 --> 00:29:23,700
that for all the commodities I traded. And at the time, I
437
00:29:23,700 --> 00:29:26,130
was doing about 15 different markets, which is stupid
438
00:29:26,130 --> 00:29:27,960
because I didn't know what I was doing. I thought I had been
439
00:29:27,960 --> 00:29:35,730
everything. But I learned, hey, I found out by taking a step
440
00:29:35,760 --> 00:29:40,560
back. Okay, and looking at the charts on my screen from
441
00:29:40,560 --> 00:29:44,580
across the room, I could see the price swings, very easy
442
00:29:44,580 --> 00:29:50,160
that way. And it really was the premise that I was always
443
00:29:50,640 --> 00:29:53,580
too zoomed in. I needed to be on that one minute chart. I
444
00:29:53,580 --> 00:29:55,320
need to be on that five minute chart because that's where
445
00:29:55,320 --> 00:29:58,140
the money is going to happen. And it's not how it works.
446
00:29:58,170 --> 00:30:02,610
Okay. So this depiction of market structure hopefully and if
447
00:30:02,610 --> 00:30:05,850
you don't see this, try that. Put your computer screen on
448
00:30:06,540 --> 00:30:09,840
and watch this video or watch your charts. Okay and instead
449
00:30:09,840 --> 00:30:13,470
across the room, okay, and just look at it. Do you see the
450
00:30:13,470 --> 00:30:16,170
price swings on this chart? It's obviously not a price
451
00:30:16,170 --> 00:30:22,290
chart, it's hand drawn diagram that I've made in just paint
452
00:30:22,650 --> 00:30:26,490
on the computer. Okay, just for simple, crude demonstration.
453
00:30:26,940 --> 00:30:30,840
But hopefully you can see the price swings. Here you have
454
00:30:31,440 --> 00:30:36,600
this leg up. Then you have this leg down. a retracement.
455
00:30:36,630 --> 00:30:40,050
Then you have the second leg lower. You have this price
456
00:30:40,050 --> 00:30:43,890
swing up. You have a retracement then you had a second leg
457
00:30:43,890 --> 00:30:47,880
up. Okay. Now looking at that you can see peaks and troughs,
458
00:30:48,060 --> 00:30:53,670
highs and lows. Okay. And that looks more or less like this.
459
00:30:53,790 --> 00:30:57,060
Okay, you can see that we do have short term highs and lows
460
00:30:57,060 --> 00:31:00,000
in the marketplace here. assuming this is a currency pair
461
00:31:00,000 --> 00:31:03,900
Our stock. Now these little circles, okay are essentially
462
00:31:03,900 --> 00:31:09,600
what we used to call ring highs and ring lows. Okay, this is
463
00:31:09,600 --> 00:31:12,360
a premise I learned from Larry Williams. And whenever the
464
00:31:12,360 --> 00:31:15,900
market made a short term high or low, that would be a low
465
00:31:16,320 --> 00:31:19,410
with two higher lows on both sides of it. So it's a three
466
00:31:19,410 --> 00:31:23,580
bar pattern. And whenever you had a high with a lower high
467
00:31:23,580 --> 00:31:26,400
on both sides of it, again, three bar pattern, that's a
468
00:31:26,400 --> 00:31:29,520
swing high. Whenever that appeared on our daily charts, we
469
00:31:29,520 --> 00:31:32,790
would make a little ring around that or circle it. Okay, and
470
00:31:32,820 --> 00:31:39,030
how those levels mapped out comparable to each other. Okay,
471
00:31:39,060 --> 00:31:43,050
you can discern the overall trend of the marketplace without
472
00:31:43,050 --> 00:31:45,540
having trend lines on your chart, without having moving
473
00:31:45,540 --> 00:31:49,950
averages on your chart without having any real anything just
474
00:31:49,950 --> 00:31:52,710
except for price price telling you what the trend is okay.
475
00:31:53,310 --> 00:31:57,720
And because I'm a swing trader by nature, this to me makes
476
00:31:57,750 --> 00:32:01,260
greater sense than having moving averages. trend lines and
477
00:32:01,260 --> 00:32:04,710
looking for the picture perfect trend line or trend up or
478
00:32:04,710 --> 00:32:07,920
trend down. They don't last like that guys, and when you see
479
00:32:07,920 --> 00:32:10,740
it clearly as a trend, it's over. Okay, that's about when
480
00:32:10,740 --> 00:32:14,520
it's reversing or it's about to reverse soon. So by looking
481
00:32:14,520 --> 00:32:19,050
at price in terms of swings, okay, that's what helped me as
482
00:32:19,050 --> 00:32:22,620
a trader taking small segments of the market and breaking it
483
00:32:22,620 --> 00:32:26,760
down incrementally module, okay, and in digesting it like
484
00:32:26,760 --> 00:32:31,170
that, I learned that you can be very consistent and seeing
485
00:32:31,170 --> 00:32:35,340
where specific price moves up and down will unfold. But
486
00:32:35,370 --> 00:32:38,700
looking at this chart here, it's pretty obvious that these
487
00:32:38,700 --> 00:32:42,000
are short term highs and lows. But if you haven't already
488
00:32:42,000 --> 00:32:50,730
noticed, there's other highs and lows here. Notice that we
489
00:32:50,730 --> 00:32:56,580
have the blue rings here, okay. These little areas are
490
00:32:56,940 --> 00:33:01,470
intermediate term highs and lows. Sounds cool, doesn't it?
491
00:33:02,700 --> 00:33:05,970
Well, essentially what that means is you're you have a high.
492
00:33:06,360 --> 00:33:08,550
And now I'm assuming here that there was something on the
493
00:33:08,550 --> 00:33:10,500
other side here. So again, this is just a crude
494
00:33:10,500 --> 00:33:13,980
demonstration of what I see in the marketplace in terms of
495
00:33:13,980 --> 00:33:17,940
market structure. There's a lot of guys on YouTube talking
496
00:33:17,940 --> 00:33:21,750
about market structure. A lot of forex, quote unquote
497
00:33:21,750 --> 00:33:25,170
mentors, talking about market structure, okay, but I don't
498
00:33:25,170 --> 00:33:29,520
think they utilize it in the capacity that I'm teaching
499
00:33:29,520 --> 00:33:33,330
here. And I'm not claiming originality here guys, I'm all
500
00:33:33,330 --> 00:33:36,900
I'm doing is passing the baton to you. I learned it from
501
00:33:36,900 --> 00:33:39,690
Larry Williams, one of the best traders there is in terms of
502
00:33:41,280 --> 00:33:42,870
price action. And
503
00:33:44,490 --> 00:33:47,280
you may see him as a price trader in terms of price
504
00:33:47,280 --> 00:33:51,750
patterns. But you know, his early works in terms of market
505
00:33:51,750 --> 00:33:56,760
structure and that nature manages time timeless, they are
506
00:33:56,850 --> 00:33:59,880
absolutely gems. If you can get hold anything les Williams
507
00:33:59,880 --> 00:34:03,780
did Early on all his his books, great things is good.
508
00:34:05,670 --> 00:34:11,730
Looking at this overall crew diagram, okay, now by looking
509
00:34:11,730 --> 00:34:17,070
at it when you see a short term high here with a high in a
510
00:34:17,070 --> 00:34:21,660
short term high lower. So now what you have a high here with
511
00:34:21,690 --> 00:34:25,800
a lower high on both sides of it, this is an enemy term
512
00:34:25,800 --> 00:34:33,210
high. Okay? If you have a enemy term high over here with an
513
00:34:33,210 --> 00:34:37,680
intermediate term high over here. This makes this a long
514
00:34:37,680 --> 00:34:41,220
term high. So intermediate term high and long term highs and
515
00:34:41,220 --> 00:34:44,730
lows. Those are the specific swings in the marketplace that
516
00:34:44,730 --> 00:34:51,360
you're looking for. So having a market or chart rather,
517
00:34:51,990 --> 00:34:54,960
noting all the swing highs and lows on a short term basis.
518
00:34:55,410 --> 00:34:59,490
It may seem daunting at first, but by doing that, you'll
519
00:34:59,490 --> 00:35:04,290
start seeing There's specific highs that are higher than two
520
00:35:04,500 --> 00:35:07,980
previous short term highs. Again that being an intermediate
521
00:35:07,980 --> 00:35:12,720
term high if you see that enemy term high with lower enemy
522
00:35:12,720 --> 00:35:16,110
term highs on both sides of it, that will classify that as a
523
00:35:16,200 --> 00:35:22,710
long term high. Okay. Now as price breaks down, okay and you
524
00:35:22,710 --> 00:35:26,640
start seeing enemy term lows and then you have another enemy
525
00:35:26,670 --> 00:35:31,950
term low if we break market structure at any time in here,
526
00:35:32,250 --> 00:35:34,980
okay, that means breaking short short term highs and lows in
527
00:35:34,980 --> 00:35:39,720
here. We break this short term high here. Now market
528
00:35:39,720 --> 00:35:43,890
structures broken to the upside. Okay, price comes down,
529
00:35:44,310 --> 00:35:48,960
makes a low but it never breaks that long term or
530
00:35:48,960 --> 00:35:52,500
intermediate term low here. It rallies up and again breaks
531
00:35:52,500 --> 00:35:55,470
its previous high here so we're breaking highs and
532
00:35:55,470 --> 00:35:59,490
maintaining higher lows. Okay. Do you see a trend line on
533
00:35:59,490 --> 00:36:04,290
this chart? No, you don't need them. Okay? You see a moving
534
00:36:04,290 --> 00:36:08,940
average on this chart? No, you don't need them. Okay. So as
535
00:36:08,940 --> 00:36:12,150
price starts to break highs and here you see market
536
00:36:12,150 --> 00:36:15,180
structure being bullish. Eventually at some point, you'll
537
00:36:15,180 --> 00:36:19,500
see the intermediate term high here formed. Now look, here
538
00:36:19,500 --> 00:36:26,490
is the main thing I want you to see. If you missed this,
539
00:36:26,730 --> 00:36:30,090
getting long, and you miss this opportunity to get long in
540
00:36:30,090 --> 00:36:33,840
sync with it, if you see an intermediate term high, take out
541
00:36:33,840 --> 00:36:37,050
a previous intermediate term. Hi. Is market structure
542
00:36:37,050 --> 00:36:45,000
bullish or bearish? It's bullish. Okay. It's bullish. So,
543
00:36:45,210 --> 00:36:47,760
even though you'll start seeing these short term lows and
544
00:36:47,760 --> 00:36:50,610
highs in here, I think this is what gets everybody confused
545
00:36:50,850 --> 00:36:55,680
is okay. Well, market flow has broken to the downside here.
546
00:36:55,680 --> 00:37:00,810
So now I'm only going to be looking to be a seller why Why
547
00:37:00,840 --> 00:37:05,370
What are you thinking? That's not as important as the
548
00:37:05,370 --> 00:37:08,910
overall market structure. Market flow is gonna go up and now
549
00:37:08,910 --> 00:37:11,340
all the time, then upon whatever timeframe you're looking
550
00:37:11,340 --> 00:37:16,890
at, if this is a daily chart, okay, this being a bearish
551
00:37:16,890 --> 00:37:20,460
market flow here, that's fine if you're a day trader, you
552
00:37:20,460 --> 00:37:25,380
might even see trade lower. But generally, you're in a
553
00:37:25,380 --> 00:37:27,900
bullish market environment as this intermediate term high
554
00:37:27,930 --> 00:37:31,650
broke above a previous intermediate term high. So the trend
555
00:37:32,070 --> 00:37:35,670
okay is bullish, the market structure is bullish, I would
556
00:37:35,670 --> 00:37:39,750
expect to see expansion to the upside, okay, or another new
557
00:37:39,750 --> 00:37:43,020
leg up. What do you mean by that? What's the previous leg?
558
00:37:43,020 --> 00:37:46,410
Well, here's the enemy term high, whereas me term low or
559
00:37:46,410 --> 00:37:50,910
long term low prior to it down here. So I'll be utilizing
560
00:37:50,910 --> 00:37:54,570
this swing from this low to this high. At some point when
561
00:37:54,570 --> 00:37:58,080
the market makes a low that's tradable. Okay, I would look
562
00:37:58,080 --> 00:38:00,930
for that same price move from this high To this loan terms
563
00:38:00,930 --> 00:38:03,930
of range, I would add it to whatever that buying point is to
564
00:38:03,930 --> 00:38:08,700
the upside. Okay, now give me give me my measured move type
565
00:38:08,700 --> 00:38:13,320
of analysis. Okay? So even though we'd start seeing all
566
00:38:13,320 --> 00:38:17,010
these little short term lows breaking in, it looks like
567
00:38:17,010 --> 00:38:20,520
market flow, which is not what I'm teaching here. I'm
568
00:38:20,520 --> 00:38:23,490
teaching market structure. Okay, because that's to me is
569
00:38:23,490 --> 00:38:26,730
much more significant, much more stronger in terms of
570
00:38:26,730 --> 00:38:32,220
analysis that break above an intermediate term high here.
571
00:38:33,090 --> 00:38:36,330
That to me is significant, because now even though we see a
572
00:38:36,360 --> 00:38:40,110
retracement, all that's going to be is a low
573
00:38:41,460 --> 00:38:44,010
to that intermediate term high as it retraces, what's it
574
00:38:44,010 --> 00:38:46,080
going to go? It's going to retrace down to optimal trade
575
00:38:46,080 --> 00:38:49,200
entry. I'm going to buy that and once it has its first
576
00:38:49,200 --> 00:38:52,380
impulse off of that if I missed it, the first retracement
577
00:38:52,380 --> 00:38:54,540
there, that's where I'm buying for an optimal trade entry.
578
00:38:54,990 --> 00:38:59,790
So this is how you start anticipating. Okay, these fractal
579
00:38:59,790 --> 00:39:03,810
pattern tends to unfold. Okay, these buy and sell models on
580
00:39:03,810 --> 00:39:06,390
the market maker profile, okay, because you'll start seeing
581
00:39:06,390 --> 00:39:09,960
these things unfold with this premise in mind. Okay, so
582
00:39:09,990 --> 00:39:14,250
we've hopefully arrived that where we determined a bullish
583
00:39:14,250 --> 00:39:22,590
or bearish market structure. Okay. Alright, we are looking
584
00:39:22,620 --> 00:39:27,900
at a mountain and it's not a mountain guys, this is
585
00:39:28,170 --> 00:39:34,140
depicting a rather crude overall swing high, okay or a
586
00:39:34,170 --> 00:39:38,010
upswing in the marketplace, okay, that we would utilize for
587
00:39:38,010 --> 00:39:41,970
going short. Okay, because our belief as professional
588
00:39:41,970 --> 00:39:45,360
traders using technical analysis and price action, price
589
00:39:45,360 --> 00:39:50,370
action is engineered to go up first to go down. Okay, so
590
00:39:50,370 --> 00:39:53,070
price goes up to go down, and price goes down to go up.
591
00:39:54,570 --> 00:40:02,820
Looking at this crude depiction of a market swing up If you
592
00:40:02,850 --> 00:40:07,410
add to that, levels of pre determined key support resistance
593
00:40:07,410 --> 00:40:11,940
levels, okay. And then what you would anticipate, okay,
594
00:40:11,940 --> 00:40:15,810
you're going to anticipate at some point over here, price
595
00:40:15,810 --> 00:40:21,090
may rally up, but as price rallies up, okay. If we have a
596
00:40:21,090 --> 00:40:24,720
bullish market structure, think now if price is trading
597
00:40:24,750 --> 00:40:30,630
around in this area here if prices at this point bullish on
598
00:40:30,630 --> 00:40:34,200
the market structure, and this is a key support resistance
599
00:40:34,200 --> 00:40:38,520
level, okay, if price is going up to it, do we anticipate
600
00:40:38,550 --> 00:40:42,450
price to trade here and trade lower? Or do we anticipate
601
00:40:42,450 --> 00:40:46,140
price breaking that and coming back to it and finding
602
00:40:46,140 --> 00:40:51,300
support? Hopefully the latter, okay. The higher time frame
603
00:40:51,300 --> 00:40:54,870
premise is going to have more weight. So if we are looking
604
00:40:54,870 --> 00:41:00,000
for bullish prices, we're going to have more influence or x
605
00:41:00,000 --> 00:41:03,930
dictation rather, on seeing support and resistance levels
606
00:41:03,930 --> 00:41:06,900
being broken to the upside, and eventually coming back and
607
00:41:06,900 --> 00:41:10,410
finding support. So these levels, we would have more
608
00:41:10,950 --> 00:41:13,950
credibility established on the fact that it's going to break
609
00:41:13,950 --> 00:41:17,400
as resistance but then come back and find the support. Same
610
00:41:17,400 --> 00:41:20,310
thing here as price rallies up through this level here. We
611
00:41:20,310 --> 00:41:24,600
expect it to give way on the upside, but then find likely
612
00:41:24,600 --> 00:41:27,870
support here later on. Okay, if it trades back to it, same
613
00:41:27,870 --> 00:41:30,450
thing as we're trading up to these resistance levels, we
614
00:41:30,450 --> 00:41:33,540
would anticipate price giving way as broken resistance, but
615
00:41:33,600 --> 00:41:38,010
we'll lend support. Okay, again, we get to a higher
616
00:41:38,010 --> 00:41:42,510
timeframe key resistance level, okay. When we see this, this
617
00:41:42,510 --> 00:41:46,470
may be a very higher timeframe daily, weekly, monthly, okay,
618
00:41:46,500 --> 00:41:49,950
or it could be a big figure on top of it. It could be a
619
00:41:49,950 --> 00:41:52,950
monthly high on top of a key resistance level, a lot of
620
00:41:52,950 --> 00:41:56,490
factors overlapping this specific price point making it a
621
00:41:56,490 --> 00:42:01,170
key level. We would anticipate the reversal here And then
622
00:42:01,170 --> 00:42:05,130
obviously, with that expectation we want to dissipate to
623
00:42:05,130 --> 00:42:08,160
support levels to start breaking down. And then once they're
624
00:42:08,160 --> 00:42:11,550
broken, we would anticipate those support levels to be more
625
00:42:11,550 --> 00:42:14,670
influential in price in terms of resistance. Okay, and
626
00:42:14,670 --> 00:42:17,550
again, going lower this level here, we wouldn't see it
627
00:42:17,610 --> 00:42:22,290
giveaway as support, break it, and we'll permit price to
628
00:42:22,290 --> 00:42:25,680
come back to it but lend and anticipate it to be as
629
00:42:25,710 --> 00:42:29,040
resistance. As price moves lower. Again, we wouldn't see
630
00:42:29,040 --> 00:42:32,040
support be broken, but we would be comfortable with it being
631
00:42:32,040 --> 00:42:35,910
retested as resistance and then trading lower obviously into
632
00:42:35,910 --> 00:42:38,850
our objectives. So what does that really look like in terms
633
00:42:38,850 --> 00:42:43,620
of price swings with that same model? Well, here's a crude
634
00:42:43,620 --> 00:42:44,490
example. Obviously,
635
00:42:45,780 --> 00:42:48,660
we'd see price straight up to these levels, maybe even offer
636
00:42:48,660 --> 00:42:51,990
very, very short term resistance and that was what we
637
00:42:52,050 --> 00:42:57,090
expect, okay, but we're really anticipating price to break
638
00:42:57,090 --> 00:43:01,440
through these levels as price moves higher. permit price to
639
00:43:01,440 --> 00:43:04,770
find support there. But being cognizant to the fact that
640
00:43:04,770 --> 00:43:08,730
price is not going to always stop on a dime, allowing
641
00:43:08,730 --> 00:43:13,740
slipping through our predetermine levels. Now, when price
642
00:43:13,740 --> 00:43:18,300
does that this creates new shorter term support resistance
643
00:43:18,300 --> 00:43:20,490
levels. So while these may be higher time frame support
644
00:43:20,490 --> 00:43:25,980
resistance levels, respectively. As price moves and gyrates
645
00:43:25,980 --> 00:43:28,920
between these levels, it's going to create new support
646
00:43:28,920 --> 00:43:32,190
resistance levels on a lower timeframe. So they're going to
647
00:43:32,190 --> 00:43:36,510
be useful to us in terms of short term trading. And
648
00:43:37,140 --> 00:43:40,380
obviously, the better signals will build around the higher
649
00:43:40,380 --> 00:43:43,830
time frame support resistance levels, but don't be afraid to
650
00:43:43,830 --> 00:43:48,780
take trades in sync with the overall model. Okay, or
651
00:43:48,780 --> 00:43:52,440
direction if it provides it even if it's on a shorter term,
652
00:43:52,710 --> 00:43:55,740
so in other words, if this is a daily, okay, these short
653
00:43:55,740 --> 00:43:59,640
term lows in here can be traded on a one hour 15 minute
654
00:43:59,640 --> 00:44:03,090
basis. And surely with a five minute chart, okay, getting in
655
00:44:03,090 --> 00:44:06,600
sync with the higher timeframe surge up into a higher time
656
00:44:06,600 --> 00:44:11,490
frame resistance level and then slide lower on the other
657
00:44:11,490 --> 00:44:14,970
side of this fractal. Okay. So again as price starts to
658
00:44:14,970 --> 00:44:17,820
break down over here and market structure broken, you can
659
00:44:17,820 --> 00:44:20,490
get your standard optimal trade entry bearish patterns, okay
660
00:44:20,490 --> 00:44:23,790
and then you will start seeing these levels provide you
661
00:44:23,790 --> 00:44:28,680
resistance, okay and if it trades to support, it should be
662
00:44:28,680 --> 00:44:31,980
very short term very little momentum up. Okay, that's what
663
00:44:31,980 --> 00:44:34,680
you're looking for the key is you want to see very little
664
00:44:34,680 --> 00:44:38,250
bounce to the upside. That's your clue that the levels are
665
00:44:38,250 --> 00:44:41,700
going to break down as support but will be more influential
666
00:44:41,700 --> 00:44:44,730
as resistance on this side, much in the same capacity on the
667
00:44:44,730 --> 00:44:49,080
reverse as prices moving up here that these levels will
668
00:44:49,080 --> 00:44:52,440
provide very short term resistance but events a giveaway but
669
00:44:52,710 --> 00:45:00,180
be very influential in terms of finding support machines In
670
00:45:00,180 --> 00:45:05,880
capacity of looking for price swings higher for selling dips
671
00:45:05,880 --> 00:45:09,510
in the marketplace obviously are no different just simply
672
00:45:09,510 --> 00:45:14,340
reversing the rules assuming that we do have key support
673
00:45:14,340 --> 00:45:18,480
levels, okay, these being noted here, same premise in mind
674
00:45:18,480 --> 00:45:21,180
that as price was moving lower, were expecting these levels
675
00:45:21,180 --> 00:45:24,870
to break way and if price trades back to them, again they
676
00:45:24,870 --> 00:45:28,320
should lend resistance as price trades down into a higher
677
00:45:28,320 --> 00:45:31,410
timeframe key support level down here. We went anticipate
678
00:45:31,410 --> 00:45:35,310
that reversal here, okay. And this would be an ideal
679
00:45:35,340 --> 00:45:40,500
indication to apply the market maker profile for buying
680
00:45:40,710 --> 00:45:44,760
Okay, the buy model and as price moves up higher, obviously,
681
00:45:44,850 --> 00:45:48,360
the resistance should be broken, but permitting price to
682
00:45:48,360 --> 00:45:51,540
come back to find support. Again, looking for price to break
683
00:45:51,540 --> 00:45:54,330
through but allowing price to come back and find support.
684
00:45:55,020 --> 00:45:59,280
This is the overall price swing down okay and the concept
685
00:45:59,280 --> 00:46:03,000
that I use for support resistance and how I measure and
686
00:46:03,000 --> 00:46:07,590
anticipate a specific price level. And if it's an overall
687
00:46:07,590 --> 00:46:11,010
profile that's bullish, I'm going to look for resistance to
688
00:46:11,010 --> 00:46:14,820
provide support more than resistance. Okay, and I'm looking
689
00:46:14,820 --> 00:46:18,180
for confirmation in that in terms of price action.
690
00:46:21,929 --> 00:46:23,129
What does that look like? What a
691
00:46:24,929 --> 00:46:28,169
crude depiction of price. Obviously it looks like this
692
00:46:28,529 --> 00:46:32,159
levels providing short term support but getting away, coming
693
00:46:32,159 --> 00:46:35,699
back finding resistance, but permitting slipping, not
694
00:46:36,809 --> 00:46:40,319
expecting price to always stop on a dime. Looking for
695
00:46:40,319 --> 00:46:44,099
obviously, all these levels to give way but looking for more
696
00:46:44,339 --> 00:46:47,909
in terms of these levels of resistance than the RS support,
697
00:46:48,239 --> 00:46:50,819
then the higher time frame support level, causing the
698
00:46:50,819 --> 00:46:53,879
reversal. This would be the market maker profile for the
699
00:46:53,879 --> 00:46:57,629
buy. In obviously looking for upside, breaking all the
700
00:46:57,629 --> 00:47:01,769
levels as hopefully The market provides little to no
701
00:47:01,799 --> 00:47:04,919
resistance but lending at these predetermined levels on a
702
00:47:04,919 --> 00:47:07,919
high timeframe monthly, weekly daily for hour and one hour,
703
00:47:08,039 --> 00:47:10,979
nothing less than a one hour. There's levels that will be
704
00:47:10,979 --> 00:47:14,579
clearly discernible in those high timeframes to provide
705
00:47:14,579 --> 00:47:15,719
support for price.
706
00:47:22,230 --> 00:47:24,690
Okay, we are looking at the Australian dollar. This is a
707
00:47:24,690 --> 00:47:27,540
daily chart. Okay, and some of you that were at the webinar
708
00:47:27,570 --> 00:47:33,600
that I did with Mr. Chris Laurie. We did a webinar together.
709
00:47:33,990 --> 00:47:38,610
And I highlighted this very level here, the one on 150 on
710
00:47:38,610 --> 00:47:43,830
the Australian dollar. And before we build on this example,
711
00:47:43,830 --> 00:47:47,490
I just want to clearly discern, and this is a real quick
712
00:47:47,490 --> 00:47:51,390
rehash of what was discovered in that presentation. If you
713
00:47:51,390 --> 00:47:57,420
use this low here, and the high here, this red line here is
714
00:47:57,420 --> 00:48:01,890
essentially around the 50% mark or level of the range
715
00:48:01,890 --> 00:48:06,720
between this high and this low and it is a mid figure point.
716
00:48:06,810 --> 00:48:11,580
In other words, it's a 50 level one on 150. This area here
717
00:48:11,610 --> 00:48:15,870
is where we'd anticipate an opportunity to get long in here
718
00:48:16,080 --> 00:48:20,490
or a buy. Okay, so we're going to use this whole thing in
719
00:48:20,490 --> 00:48:23,430
terms of price action, this small little sampling, okay,
720
00:48:23,969 --> 00:48:25,019
to how
721
00:48:25,889 --> 00:48:30,209
you utilize this market maker profile in not just the buying
722
00:48:30,209 --> 00:48:32,069
scenario, but we're also going to look at how it could be
723
00:48:32,069 --> 00:48:34,979
utilized in that small little segment of price action. Hey,
724
00:48:34,979 --> 00:48:36,149
could be a seller as well.
725
00:48:44,639 --> 00:48:48,839
Alright, we are looking at this specific area in price.
726
00:48:49,709 --> 00:48:53,699
Okay, this little gray box is going to delineate the very
727
00:48:53,699 --> 00:48:59,369
nature of a market maker profile. We're going to talk about
728
00:48:59,429 --> 00:49:05,339
how Using this reversal scenario, okay? Because that's what
729
00:49:05,339 --> 00:49:08,969
this is being taught here, I'm not teaching you trend
730
00:49:09,299 --> 00:49:12,629
following short term trading, like the short term trading
731
00:49:12,629 --> 00:49:18,359
video module does, okay? I emitted the reversal, okay, or
732
00:49:18,659 --> 00:49:22,709
pure support resistance plays. Okay, that's many times very
733
00:49:22,709 --> 00:49:25,319
difficult for a lot of traders to do. It's easy to trade
734
00:49:25,319 --> 00:49:28,979
with the trend. And I teach that first, because it's easy to
735
00:49:28,979 --> 00:49:32,549
do. This type of trading takes a little bit more finesse,
736
00:49:32,579 --> 00:49:34,919
and it takes a lot of confidence in your ability to read
737
00:49:34,919 --> 00:49:37,919
price, and understand what key support resistance levels
738
00:49:37,919 --> 00:49:42,509
are. But obviously, looking at daily chart, the one on 150
739
00:49:42,509 --> 00:49:45,689
level, and the fact that was a midpoint of that big large
740
00:49:45,689 --> 00:49:49,289
range, and just put a one on 150 level on your chart and
741
00:49:49,319 --> 00:49:52,469
study how many times it has been support resistance over the
742
00:49:52,469 --> 00:49:56,069
last number of years really, and you'll quickly discern that
743
00:49:56,069 --> 00:50:00,239
as a key support resistance level. So we're going to drill
744
00:50:00,239 --> 00:50:03,629
down into this small little box here, okay, essentially and
745
00:50:03,629 --> 00:50:07,109
break this whole thing down and utilize the market maker
746
00:50:07,109 --> 00:50:09,599
profile in the Australian dollar.
747
00:50:15,599 --> 00:50:19,979
Alright, inside that gray box, there's a smaller little
748
00:50:19,979 --> 00:50:25,559
range. This small little range is where all of the busy bees
749
00:50:25,589 --> 00:50:31,109
were doing all their work, busy bees and this analogy is the
750
00:50:31,199 --> 00:50:35,339
smart money. Now, the smart money will accumulate during
751
00:50:35,369 --> 00:50:38,759
consolidations. Okay, and here's I want you to think for a
752
00:50:38,759 --> 00:50:43,229
moment imagine smart money, the central banks and the big
753
00:50:43,229 --> 00:50:47,249
dealers. Okay, the guys that are the movers and shakers in
754
00:50:47,249 --> 00:50:53,069
the marketplace, okay. If this entity, they were going to
755
00:50:53,159 --> 00:50:57,899
quote unquote call smart money. Okay. They are the big dogs
756
00:50:57,899 --> 00:51:02,789
that are big players in the industry. We're gonna more or
757
00:51:02,789 --> 00:51:06,629
less think of them as a Tyrannosaurus Rex. Okay, the big
758
00:51:06,629 --> 00:51:10,499
dinosaur, okay. That is the carnivore of all carnivores.
759
00:51:10,499 --> 00:51:15,779
There they are it. Okay. apex predators by definition if
760
00:51:15,779 --> 00:51:21,899
this big dinosaur, okay, wants to jump into the poll. All
761
00:51:21,899 --> 00:51:25,859
right, and the pool being the marketplace. Let's assume for
762
00:51:25,859 --> 00:51:30,329
a moment, the dinosaur is smart money because it's so big,
763
00:51:30,419 --> 00:51:33,689
okay, it's so huge in terms of its ability to move the
764
00:51:33,689 --> 00:51:39,449
marketplace. If this dinosaur Smart Money jumps into the
765
00:51:39,449 --> 00:51:43,499
pole, what's going to happen? It's going to be a huge
766
00:51:43,529 --> 00:51:46,829
reaction to the water. Okay, in number one, the water level
767
00:51:46,829 --> 00:51:49,769
is going to rise up quickly. Okay, and it's gonna make a big
768
00:51:49,799 --> 00:51:55,019
impact. Okay, a big splash in the market. You see that in
769
00:51:55,019 --> 00:51:59,279
price action, okay. If there's a lot of buying during a
770
00:51:59,279 --> 00:52:02,969
consolidation price moves up out of that, okay, and it moves
771
00:52:02,969 --> 00:52:08,849
quickly. This dinosaur okay knows that it can't buy a lot
772
00:52:08,879 --> 00:52:12,629
and not move the market. Okay? It's going to create a
773
00:52:12,629 --> 00:52:17,879
demand. So if it wants to assume a position but it wants to
774
00:52:17,879 --> 00:52:22,259
get an average price, okay? In other words Smart Money wants
775
00:52:22,259 --> 00:52:26,339
to get involved here, okay, it sees value here. It'll buy
776
00:52:26,339 --> 00:52:30,689
some, but because it buys it in such large quantities and
777
00:52:30,689 --> 00:52:35,879
creates a short term demand for it, okay? It will wane off
778
00:52:35,879 --> 00:52:40,139
its buying allow price to move back to a more favorable
779
00:52:40,349 --> 00:52:43,769
point, okay, or equilibrium, okay, and they'll buy a little
780
00:52:43,769 --> 00:52:46,739
bit more, okay, and as they buy it or rally up even more.
781
00:52:47,069 --> 00:52:50,309
Now, they don't want to draw too much attention and they
782
00:52:50,309 --> 00:52:53,309
don't really want to see price move too far away what their
783
00:52:53,309 --> 00:52:57,089
average hopeful price would be. Okay? So they're looking at
784
00:52:57,089 --> 00:53:01,739
price eventually moving lower. Okay. moves back lower into
785
00:53:01,739 --> 00:53:05,639
that same consolidation area, this specific point is where
786
00:53:05,639 --> 00:53:08,249
they're going to accumulate more of that same position.
787
00:53:08,489 --> 00:53:11,759
Okay, so they're that dinosaur wanting to get in the pool.
788
00:53:11,939 --> 00:53:14,339
So they're going to go in that water, one leg at a time,
789
00:53:14,339 --> 00:53:18,329
slowly but surely putting themselves in that water. Now, by
790
00:53:18,329 --> 00:53:22,529
doing that, yes, the water level will rise, it'll rise up
791
00:53:22,739 --> 00:53:25,739
quickly at first, but then it'll wait for the waves to
792
00:53:25,739 --> 00:53:28,499
settle smooth out a little bit, and then it'll start to put
793
00:53:28,499 --> 00:53:32,729
its new leg in, okay, and then slowly lowering its body. And
794
00:53:32,729 --> 00:53:35,399
eventually, once it's down to its shoulder length, the mark
795
00:53:35,399 --> 00:53:38,189
will be all up here. Okay. And at that point, everybody in
796
00:53:38,189 --> 00:53:40,679
the market will say, wait a minute, this is a bullish
797
00:53:40,679 --> 00:53:43,409
market. Let's get in here and start buying it. So we don't
798
00:53:43,409 --> 00:53:46,979
want to be buying when it's obvious. Okay. We want to be
799
00:53:46,979 --> 00:53:50,339
getting in there when that Tyrannosaurus rex is lowering one
800
00:53:50,339 --> 00:53:53,669
leg at a time and, and we'll know it. Okay, we'll know it
801
00:53:53,669 --> 00:53:55,739
when it happens. When it starts to move up as a
802
00:53:55,739 --> 00:54:01,439
consolidation. We know that that large entity we In called
803
00:54:01,469 --> 00:54:05,309
Smart Money is on the move it's doing something, because the
804
00:54:05,309 --> 00:54:08,939
public's not going to make a rally up like that. Okay? Only
805
00:54:08,939 --> 00:54:11,789
institutional level trading is going to move price, same way
806
00:54:11,789 --> 00:54:15,179
it does here, there's going to be an absence of interest on
807
00:54:15,179 --> 00:54:18,209
the buying aspect of the market. So if the institutions are
808
00:54:18,209 --> 00:54:21,179
not willing to buy, okay, what's going to happen? price is
809
00:54:21,179 --> 00:54:23,939
going to fall on a bet. And if they do selling in here, it's
810
00:54:23,939 --> 00:54:26,429
going to cause capitulation, which is what you see here as
811
00:54:26,429 --> 00:54:29,669
well. But price trades down into this higher time frame
812
00:54:29,669 --> 00:54:34,289
101 50 level. And I have a smaller short term level here,
813
00:54:34,289 --> 00:54:37,019
but we're talking about that here. We're just gonna focus on
814
00:54:37,019 --> 00:54:39,749
that one on 150 level. So we have a higher time frame
815
00:54:39,749 --> 00:54:43,709
support level, and then prices inside of this range. Okay,
816
00:54:43,709 --> 00:54:47,549
we would expect accumulation to be unfolding. Now, again, we
817
00:54:47,549 --> 00:54:51,299
don't know who Smart Money is. We just know that the Smart
818
00:54:51,299 --> 00:54:54,899
Money entity itself is going to most likely work its way in
819
00:54:54,899 --> 00:54:57,179
the marketplace here because we're at a higher time frame
820
00:54:57,179 --> 00:55:01,769
support level. So as prices are Break up out of here. Okay,
821
00:55:02,129 --> 00:55:07,589
this area sets the stage for what we want to see the market
822
00:55:07,589 --> 00:55:08,339
maker profile.
823
00:55:10,110 --> 00:55:12,690
We're going to start seeing the characteristics that these
824
00:55:12,690 --> 00:55:16,440
market maker profiles provide for us in terms of
825
00:55:16,440 --> 00:55:22,980
anticipation in terms of price action. So let's go in and
826
00:55:22,980 --> 00:55:25,590
look at this specific segment of the marketplace. Again,
827
00:55:25,590 --> 00:55:29,850
this is the Australian dollar. Okay, and we're drilled in to
828
00:55:30,120 --> 00:55:34,620
October 7 and eighth, okay, and here's that area where we
829
00:55:34,620 --> 00:55:39,180
sold off so we had a consolidation here, price broke down,
830
00:55:39,180 --> 00:55:42,120
move into another consolidation at that higher timeframe,
831
00:55:42,120 --> 00:55:46,080
one on 150 key support level, price inside this
832
00:55:46,080 --> 00:55:49,920
consolidation, it moves up out of it. Okay, and this was the
833
00:55:49,920 --> 00:55:53,700
first indication that we had smart money, enter the
834
00:55:53,700 --> 00:55:57,450
marketplace, okay, without looking at all this information
835
00:55:57,450 --> 00:55:58,920
over here because we're gonna come back to that in a little
836
00:55:58,920 --> 00:56:04,860
while. price action here is very, very symmetrical. Okay? In
837
00:56:04,860 --> 00:56:08,520
other words, there's a lot of symmetry to how prices moving
838
00:56:08,520 --> 00:56:11,430
in here. It's nothing that you can't see on your own after
839
00:56:11,430 --> 00:56:14,700
some study. But what do you want to? What do you want to
840
00:56:14,910 --> 00:56:22,200
focus on here? Is the nature of the BI model. Okay? I want
841
00:56:22,200 --> 00:56:26,910
you to look in this example and find the by model. Can you
842
00:56:26,910 --> 00:56:31,980
see that by model in this small area of price? I'll give you
843
00:56:31,980 --> 00:56:39,840
a moment to look at it. Okay, then looking at price action,
844
00:56:39,900 --> 00:56:44,340
okay. Again, focusing on this area here. This is your sell
845
00:56:44,340 --> 00:56:48,840
model. Do you see in that same example, in terms of price
846
00:56:48,840 --> 00:56:51,840
action, do you see an example of where that sell model can
847
00:56:51,840 --> 00:56:57,900
be found in this small segment of price action. Again, I'll
848
00:56:57,900 --> 00:57:01,380
give you a moment or two to see if you can find it. And I'm
849
00:57:01,380 --> 00:57:03,660
going to give you example of it. So don't worry if you can't
850
00:57:03,660 --> 00:57:08,070
see it because it's just an exercise of observation. Okay?
851
00:57:09,300 --> 00:57:16,170
And now looking at this example in price, when we see the
852
00:57:16,170 --> 00:57:20,490
market maker profile, setting up, and we're going to give,
853
00:57:20,580 --> 00:57:28,350
again, very clear examples inside this segment of price. You
854
00:57:28,350 --> 00:57:32,160
can anticipate what's going to most likely unfold again,
855
00:57:32,160 --> 00:57:34,860
it's no guarantee that when you see these things, it's going
856
00:57:34,860 --> 00:57:39,600
to happen exactly to script. But to me, this is how you know
857
00:57:39,600 --> 00:57:42,630
I look like you know, an ace in the videos because I'm
858
00:57:42,630 --> 00:57:46,410
calling specific price swings and specific levels before
859
00:57:46,410 --> 00:57:55,800
they happen. Now, again, looking at price here, if you're
860
00:57:55,800 --> 00:58:04,530
looking at price You can put a little hint here to this area
861
00:58:04,530 --> 00:58:10,860
here is an area where that profile unfolds. Can you see it
862
00:58:10,860 --> 00:58:14,460
now? Again, I'm going to I'm going to give you a greater
863
00:58:14,460 --> 00:58:20,730
detail example. But do you see this little consolidation
864
00:58:20,730 --> 00:58:27,180
here? Think of this consolidation as that okay. In this
865
00:58:27,180 --> 00:58:32,280
little area here is this pause in price doesn't look like
866
00:58:32,280 --> 00:58:37,320
much of a pause here, but it was in rallies up makes the
867
00:58:37,320 --> 00:58:41,010
high here. So at the zenith of this price move, I'm sorry
868
00:58:41,010 --> 00:58:47,970
this price move here. This Zenith is here in the profile
869
00:58:47,970 --> 00:58:51,690
model. Then we saw price slipped down as market structure
870
00:58:51,690 --> 00:58:54,810
breaks, which is what happens here. Then you have the
871
00:58:54,810 --> 00:58:58,830
optimal trade entry here. And then price slides lower taking
872
00:58:58,830 --> 00:59:04,140
out the low Or the previous consolidation here, as noted
873
00:59:04,140 --> 00:59:09,900
here, okay, so inside of this area of opportunity, there's a
874
00:59:09,900 --> 00:59:12,210
good chunk of pips that you could very easily harvest
875
00:59:12,240 --> 00:59:18,570
intraday, okay, not necessarily a long portion of time, is
876
00:59:18,570 --> 00:59:20,940
this still an opportunity for you to take a short term
877
00:59:20,940 --> 00:59:21,420
trade?
878
00:59:27,570 --> 00:59:33,030
Looking at this example, okay, where is the market maker
879
00:59:33,030 --> 00:59:40,140
profile for the buy? This area here is this consolidation.
880
00:59:41,880 --> 00:59:47,340
This pause in here is this area right here. Notice how it
881
00:59:47,340 --> 00:59:49,860
didn't get back up to that area like I was stating before.
882
00:59:50,520 --> 00:59:53,550
It was too weak. There was no there was no demand for it. So
883
00:59:53,940 --> 00:59:56,190
if there's no demand, there's going to be a lot of supply.
884
00:59:56,190 --> 00:59:59,580
So supply is going to come in, sell it off and even greater,
885
00:59:59,610 --> 01:00:02,370
move down. to a higher time frame support level, and we move
886
01:00:02,370 --> 01:00:05,550
into another consolidation, which sets the tone for the
887
01:00:05,550 --> 01:00:10,350
market to be in this stage here. Okay, now we're hunting a
888
01:00:10,350 --> 01:00:16,350
reaction in the marketplace right here. So as price moves up
889
01:00:16,380 --> 01:00:20,910
out of it, which is what we see here, price comes down
890
01:00:20,940 --> 01:00:26,400
retest it, like we like to see here. That's this area right
891
01:00:26,400 --> 01:00:30,300
here. And then price moves up, which is what you see here.
892
01:00:31,140 --> 01:00:39,450
Makes the pullback in here. And you see that here. Now price
893
01:00:39,480 --> 01:00:43,620
fails to go above this high here, okay, so it doesn't get
894
01:00:43,620 --> 01:00:45,660
above here. So this is why you want to take profits at
895
01:00:45,660 --> 01:00:50,700
logical areas, which is here and here. Again, being here and
896
01:00:50,700 --> 01:00:54,450
here. Okay, because you're working within what range this
897
01:00:54,450 --> 01:00:59,790
high to this low. So this could be an area of opportunity
898
01:00:59,790 --> 01:01:02,460
problem. And obviously here because if you look at this high
899
01:01:02,940 --> 01:01:07,440
to this high, you're in segments and tracing level okay. And
900
01:01:07,440 --> 01:01:10,680
as price starts to rally again it failed and move lower
901
01:01:11,700 --> 01:01:15,600
Okay. And then we're talking about how between this high and
902
01:01:15,600 --> 01:01:20,460
this low in the module for the buying price at this point,
903
01:01:20,700 --> 01:01:24,030
okay when it starts to go higher, it may not get up to this
904
01:01:24,030 --> 01:01:26,550
level here it may come back and retrace into the range
905
01:01:26,550 --> 01:01:29,670
between this low and whatever high formed here and you see
906
01:01:29,670 --> 01:01:32,550
that forming here from the low and the consolidation up to
907
01:01:32,550 --> 01:01:37,380
the high all we do is retrace deeper and what that does is
908
01:01:37,380 --> 01:01:40,620
allow the market makers to take out the stops that are on
909
01:01:40,620 --> 01:01:44,700
the right side of the marketplace okay and retrace from this
910
01:01:44,700 --> 01:01:48,780
low to this high and you find optimal trade entry at the 62%
911
01:01:48,780 --> 01:01:51,810
retracement level and then price starts resuming moving
912
01:01:51,810 --> 01:01:57,300
higher. Okay. So now take a step back. Okay. And if you if
913
01:01:57,300 --> 01:02:01,020
you can't see it on the five minute chart, like This, let's
914
01:02:01,020 --> 01:02:07,380
take a look at it on a 15 minute basis. Okay, we're zoomed
915
01:02:07,380 --> 01:02:13,080
out a little bit more thinking in terms of that same bi
916
01:02:13,080 --> 01:02:17,640
model. Okay, watch what happens. We're using that same 15
917
01:02:17,640 --> 01:02:22,740
minute chart. Now, we have that first consolidation up here.
918
01:02:24,090 --> 01:02:27,300
We have the gray area down here where the buy should take
919
01:02:27,300 --> 01:02:33,510
place where here, we have price Now move up. And now this is
920
01:02:33,570 --> 01:02:37,680
what this is that pattern right here. But if you're zooming
921
01:02:37,680 --> 01:02:41,220
in on five minute, we expected to see it here. But now we're
922
01:02:41,220 --> 01:02:45,390
looking at a 15 Minute. Suddenly the fractal can be seen on
923
01:02:45,390 --> 01:02:49,110
a higher time frame. Still the same price segment moving,
924
01:02:49,470 --> 01:02:56,520
okay, higher, but we're not seeing it to the same unfolding
925
01:02:56,520 --> 01:02:58,440
that we'd saw in the five minute we are expecting to see it
926
01:02:58,440 --> 01:03:00,300
trade down here and then move up and watch This was
927
01:03:00,330 --> 01:03:05,190
profitable. Yes. Okay, we didn't see what was unfolding on
928
01:03:05,190 --> 01:03:09,030
the 15 minute because we're in too tight. Now suddenly this
929
01:03:09,060 --> 01:03:12,030
consolidation and move lower down to a key support level one
930
01:03:12,030 --> 01:03:16,950
on 150 to run up and then trade back down to this area here
931
01:03:17,310 --> 01:03:20,760
is exactly what you see here. Okay, so the market makers
932
01:03:20,760 --> 01:03:23,520
were using the 15 minute time frame to do their dealing.
933
01:03:24,000 --> 01:03:28,740
Okay. So watch what happens. Price rallies up here. Okay,
934
01:03:28,740 --> 01:03:33,840
and it gives you that other retracement deep here. Okay. And
935
01:03:33,840 --> 01:03:36,780
it rallies on up to do what to take out the previous
936
01:03:36,780 --> 01:03:40,860
consolidation where the stops are resting right here. And
937
01:03:40,860 --> 01:03:44,910
that's what they do here to clear out the stops. Okay. So
938
01:03:44,910 --> 01:03:49,920
you see how this model gives you the ability to anticipate
939
01:03:49,950 --> 01:03:57,210
price action and swings in the marketplace. Okay. Now, if
940
01:03:57,210 --> 01:03:59,820
it's not clear to you, I understand it's going to take some
941
01:03:59,820 --> 01:04:03,420
minutes And some time used to looking for it and you look at
942
01:04:03,420 --> 01:04:06,420
hindsight examples for a period of time and it may take
943
01:04:06,420 --> 01:04:10,680
months to get the perspective on seeing it, okay? But when
944
01:04:10,680 --> 01:04:14,100
you see it, you can't ever forget it, it's there. It's just
945
01:04:14,100 --> 01:04:21,480
gonna be embedded in your brain. Now looking at this example
946
01:04:21,480 --> 01:04:25,320
here, okay, this is that one example I mentioned earlier
947
01:04:25,320 --> 01:04:28,140
that I was gonna give you a greater refined example of
948
01:04:28,140 --> 01:04:33,510
it. We have this area of consolidation price runs up out of
949
01:04:33,510 --> 01:04:40,440
it. There's a little pause here makes Zenith breaks down
950
01:04:40,740 --> 01:04:43,260
comes up because the optimal trade entry and it falls out of
951
01:04:43,260 --> 01:04:47,880
bed whereas it go below the previous consolidation. So what
952
01:04:47,880 --> 01:04:53,790
do you think module that is? The market maker sell model.
953
01:04:55,110 --> 01:04:58,290
Look at the profile here. Okay. You can see that the have
954
01:04:58,950 --> 01:05:02,160
the consolidation here. Which is here to move out in the
955
01:05:02,160 --> 01:05:06,840
pause in here, here is enough of the move for here, which is
956
01:05:06,840 --> 01:05:10,740
here, the breakdown and optimal trade entry in here, which
957
01:05:10,740 --> 01:05:14,610
is what you see here. And then the move lower to get below
958
01:05:14,610 --> 01:05:18,750
the previous consolidation as noted here, okay, just between
959
01:05:18,750 --> 01:05:23,400
this high and the move a little low here that's rather
960
01:05:23,400 --> 01:05:26,070
handsome in terms of very short term trade and you can take
961
01:05:26,070 --> 01:05:31,350
40 pips out of the marketplace rather easily here. Okay. So
962
01:05:31,350 --> 01:05:37,230
now let's take a look at again, that consolidation, what's
963
01:05:37,410 --> 01:05:41,610
specifically is different about this market maker profile
964
01:05:42,120 --> 01:05:46,380
that isn't seen in the previous ones, okay, because overall
965
01:05:46,380 --> 01:05:49,680
inside this higher timeframe market maker profile, okay.
966
01:05:50,190 --> 01:05:52,380
Notice that we had that consolidation out here and in the
967
01:05:52,380 --> 01:05:57,330
higher timeframe, fractal moving higher. This is a bullish
968
01:05:57,390 --> 01:06:00,150
scenario. Overall, remember that 15 minutes are we just
969
01:06:00,150 --> 01:06:05,670
looked at. But within that larger 15 minute market maker
970
01:06:05,670 --> 01:06:09,570
profile or that fractal pattern that's bullish, we just
971
01:06:09,570 --> 01:06:15,000
pulled out a bearish sell model. So again, that's the reason
972
01:06:15,000 --> 01:06:18,930
why I don't give you specific entry pattern concepts to
973
01:06:18,930 --> 01:06:23,010
trade, you know, on a short term, because it's so dynamic.
974
01:06:23,370 --> 01:06:25,560
When I give you this, for instance, looking at the sell
975
01:06:25,560 --> 01:06:29,310
model here, you may just see the buying aspect. Okay, you
976
01:06:29,310 --> 01:06:32,070
may see just the, here's the optimal trade entry to get
977
01:06:32,070 --> 01:06:35,580
long. We're in a nested optimal trade entry here. So I'm
978
01:06:35,580 --> 01:06:39,480
going to buy that. So you're, you're using this profile to
979
01:06:39,480 --> 01:06:42,570
be long in here or long in here to get this as your profit
980
01:06:42,570 --> 01:06:46,470
objective. And maybe your mind doesn't understand to get to
981
01:06:46,470 --> 01:06:50,310
this point here. It just could be the cell. Okay? That's
982
01:06:50,310 --> 01:06:53,340
fine. It's all about profitability. It's not about being
983
01:06:53,340 --> 01:06:57,810
right. Okay. And when you trade fractals, okay. It's a lot
984
01:06:57,810 --> 01:07:01,500
of freedom, but there's a lot of rules. too, okay, so it's a
985
01:07:01,500 --> 01:07:05,580
freestyle way of trading without bias, really, if you think
986
01:07:05,580 --> 01:07:08,640
about it, and that's the nature of short term trading, you
987
01:07:08,640 --> 01:07:12,180
can work within a bullish market environment and be a bear.
988
01:07:12,810 --> 01:07:16,050
But you have to understand what you're doing. And it takes a
989
01:07:16,050 --> 01:07:18,570
little bit of finesse. Okay, but if you look at just the
990
01:07:18,570 --> 01:07:23,220
bullish market structure, and trade bullish market maker
991
01:07:23,220 --> 01:07:29,850
profiles, it makes trading very, very easy. And if you just
992
01:07:29,910 --> 01:07:33,900
understand the sell model for the buying portion of that
993
01:07:33,900 --> 01:07:37,440
fractal, which is here, here or here, there's nothing wrong
994
01:07:37,440 --> 01:07:39,990
with that. Absolutely. There's nothing wrong with that.
995
01:07:40,020 --> 01:07:43,530
That's your short turning search term trading niche. Okay.
996
01:07:43,860 --> 01:07:51,540
So that's what you would utilize for your trading. Okay, we
997
01:07:51,540 --> 01:07:55,230
just looked at an example. Okay, and how the market maker
998
01:07:55,230 --> 01:07:59,640
profile on a short term inside of a larger higher time frame
999
01:07:59,640 --> 01:08:05,970
fat appears to fail, okay. But what it's doing is actually
1000
01:08:05,970 --> 01:08:11,190
it's giving you a continuation of the larger profile. Okay,
1001
01:08:11,190 --> 01:08:14,400
and let's look at what that means. Assume we have a support
1002
01:08:14,400 --> 01:08:19,140
level here, and price moves from that specific point and
1003
01:08:19,140 --> 01:08:21,570
breaks market structure. Okay, so when we have market
1004
01:08:21,570 --> 01:08:25,650
structure break like this, this will give us an indication,
1005
01:08:25,680 --> 01:08:31,200
hopefully to anticipate higher prices. And when higher
1006
01:08:31,200 --> 01:08:35,580
prices hopefully, come on their way, now we have the
1007
01:08:35,580 --> 01:08:38,520
greenlight go looking for now, anything that retraces from
1008
01:08:38,520 --> 01:08:41,400
this point, we're looking to have an optimal trade entry to
1009
01:08:41,400 --> 01:08:46,950
go long. And when you have that, okay, you're going to see
1010
01:08:46,950 --> 01:08:50,700
price meander, it's going to move, okay, you come back to
1011
01:08:50,700 --> 01:08:54,120
your charts and it looks a little different, it's fine. And
1012
01:08:54,150 --> 01:08:57,000
this is the part of trading that's hard because you have to
1013
01:08:57,000 --> 01:08:58,980
wait for the setups and every time you come back to your
1014
01:08:58,980 --> 01:09:01,770
charts, it's Got a little look a little bit different, okay,
1015
01:09:01,770 --> 01:09:05,280
but you're stalking you're setting up. Okay. Now looking at
1016
01:09:05,280 --> 01:09:07,770
this chart here we have our higher time frame support level.
1017
01:09:08,040 --> 01:09:11,760
But now also, we have new support resistance levels you have
1018
01:09:11,760 --> 01:09:15,210
to factor in. Okay? And because support is never
1019
01:09:16,829 --> 01:09:20,219
you know exact it's not right to the PIP, you'll allow for
1020
01:09:20,219 --> 01:09:23,579
certain slippage. But if you're waiting for retracements
1021
01:09:23,669 --> 01:09:26,309
retracements, don't always go back to the levels. Okay.
1022
01:09:26,459 --> 01:09:29,279
retracements will be a little bit early. And this is where
1023
01:09:29,279 --> 01:09:34,109
you can use the double Oh 50 optimal trade entry levels,
1024
01:09:34,139 --> 01:09:37,979
okay. W 50 means using the big figures and amid figures to
1025
01:09:37,979 --> 01:09:40,859
pull your fibs from in using swings, okay, and I'm not
1026
01:09:40,859 --> 01:09:43,529
teaching that here. I'm going to counsel you to go back to
1027
01:09:43,529 --> 01:09:48,239
the other videos and learning about that. But looking at
1028
01:09:48,239 --> 01:09:52,529
price obviously see price did in fact, snap up from optimal
1029
01:09:52,529 --> 01:09:57,179
trade entry. Okay. And now looking at this, okay, you would
1030
01:09:57,179 --> 01:10:04,139
expect to see price do what Move inside of a cell model.
1031
01:10:04,439 --> 01:10:08,129
Okay, so you're expecting price to find its zenith in here
1032
01:10:08,639 --> 01:10:12,899
and start to break down lower looking for what looking for
1033
01:10:12,899 --> 01:10:17,249
that lower low in the previous consolidation or beginning of
1034
01:10:17,249 --> 01:10:20,309
the price move up. So this overall price swing, we're
1035
01:10:20,309 --> 01:10:24,479
looking for it to move down here. But if you're in a higher
1036
01:10:24,479 --> 01:10:28,919
timeframe, bullish scenario within bullish market structure,
1037
01:10:29,489 --> 01:10:34,139
or a more higher timeframe bullish market maker profile,
1038
01:10:35,159 --> 01:10:39,869
you're going to look at this area here to see where price
1039
01:10:39,869 --> 01:10:43,889
may form a new buy. In other words, in bullish environments,
1040
01:10:44,339 --> 01:10:46,499
the sell model won't come all the way down here is just
1041
01:10:46,499 --> 01:10:49,769
going to give you a higher timeframe. retracement on the
1042
01:10:49,769 --> 01:10:52,949
overall swing here. Okay and what that looks like is this.
1043
01:10:54,539 --> 01:10:59,879
You have price, come back down and you see price come all
1044
01:10:59,879 --> 01:11:03,539
the way From its zenith, okay, which you anticipate if
1045
01:11:03,539 --> 01:11:07,949
you're just looking at the model itself, looking at how
1046
01:11:07,949 --> 01:11:12,779
price moves lower, you're not expecting that lower low. So
1047
01:11:12,779 --> 01:11:15,629
as price starts to move lower, if we're in a bullish
1048
01:11:15,629 --> 01:11:19,439
environment, we're not looking to see price move back below
1049
01:11:19,799 --> 01:11:22,229
this consolidation, we're going to expect price to come back
1050
01:11:22,229 --> 01:11:26,069
down and maybe retest this support level, or work within
1051
01:11:26,069 --> 01:11:30,389
this optimal trade entry range here, or this optimal trade
1052
01:11:30,389 --> 01:11:34,349
entry range here, and maybe even factor maybe pivots, maybe
1053
01:11:34,349 --> 01:11:36,929
a trinity level. Oh, how about that we didn't talk about
1054
01:11:36,929 --> 01:11:40,319
that yet halfway. So he would be looking for your implied
1055
01:11:40,319 --> 01:11:44,009
support levels to be a factor in this retracement as it
1056
01:11:44,009 --> 01:11:49,949
pulls back into a deeper price swing. And by having that
1057
01:11:49,949 --> 01:11:52,589
expectation as price starts to move into these support
1058
01:11:52,589 --> 01:11:56,039
resistance levels, again, we're going to have more emphasis
1059
01:11:56,729 --> 01:12:00,509
placed on this than looking for the previous load. Here,
1060
01:12:00,809 --> 01:12:04,379
taking out four stocks because the smart money's assumed a
1061
01:12:04,379 --> 01:12:08,699
position back here, okay, they're going to defend that price
1062
01:12:08,699 --> 01:12:11,279
action, as price starts to come back down here, they're
1063
01:12:11,279 --> 01:12:14,819
going to accumulate more of that same position here, it's
1064
01:12:14,819 --> 01:12:17,249
counterproductive for them to come back all the way down
1065
01:12:17,249 --> 01:12:20,759
here. Okay? When they're trying to get price, you know,
1066
01:12:20,759 --> 01:12:23,699
higher or at least maintain a specific price level. So
1067
01:12:23,699 --> 01:12:30,479
that's why we see these overall declines deep retracements
1068
01:12:30,479 --> 01:12:33,239
within a bullish market environment, because you're seeing
1069
01:12:33,239 --> 01:12:39,029
more accumulation unfold by the smart money. And what that
1070
01:12:39,029 --> 01:12:41,549
looks like obviously, is a continuation and you see the
1071
01:12:41,549 --> 01:12:45,989
expectancy of retracement to a support level and then a
1072
01:12:45,989 --> 01:12:49,679
bounce in right here if you miss the opportunity to get the
1073
01:12:49,799 --> 01:12:53,369
support level. Okay, you can see a smaller short term
1074
01:12:53,369 --> 01:12:57,329
optimal trade entry for me here and you can utilize that as
1075
01:12:57,329 --> 01:13:00,149
your entry for short term trading to get in sync with The
1076
01:13:00,149 --> 01:13:04,739
higher timeframe market maker profile, okay, this could be a
1077
01:13:04,739 --> 01:13:09,749
five minute price action and basing your trade on the idea
1078
01:13:09,749 --> 01:13:13,469
that you're on a one hour or four hour market maker profile
1079
01:13:13,889 --> 01:13:17,519
that's bullish. And by seeing that unfold, then you would
1080
01:13:17,519 --> 01:13:22,019
see obviously, price move on higher. This is the range that
1081
01:13:22,019 --> 01:13:27,659
you'd be utilizing here the low to high. This Confluence may
1082
01:13:27,659 --> 01:13:30,299
be a 62 could be a sweet spot, it could be settling
1083
01:13:30,299 --> 01:13:33,329
centration level, there could be pivots in here and it could
1084
01:13:33,329 --> 01:13:36,809
be a trinity level on here. A lot of factors in here but
1085
01:13:37,079 --> 01:13:40,139
obviously looking at previous lows is the key because if
1086
01:13:40,139 --> 01:13:42,389
you're going to take price all the way down to run an old
1087
01:13:42,779 --> 01:13:45,929
low for stops, but not necessarily the beginning or
1088
01:13:45,929 --> 01:13:49,919
consolidation of the overall price. swing up Okay, so this
1089
01:13:49,949 --> 01:13:53,579
price swing up is going to be a continuation and move
1090
01:13:53,579 --> 01:13:54,089
higher.
1091
01:13:55,500 --> 01:13:59,580
And overall by looking at price in that respect, you can see
1092
01:13:59,610 --> 01:14:03,150
just look It this this is a very rather generic depiction of
1093
01:14:03,150 --> 01:14:07,740
price action. But it really is seen a lot of times when you
1094
01:14:07,740 --> 01:14:10,770
are in a bullish market environment. In other words, if
1095
01:14:10,770 --> 01:14:13,710
prices overall bullish, this is the type of price action,
1096
01:14:13,710 --> 01:14:18,450
you end up seeing higher high and higher lows, how about
1097
01:14:18,450 --> 01:14:24,930
that? no necessity for trend line. Obviously, the same thing
1098
01:14:24,930 --> 01:14:27,180
can be said on the reverse looking at a key resistance level
1099
01:14:27,180 --> 01:14:29,790
like this. During the consolidation, you would expect to see
1100
01:14:29,790 --> 01:14:32,580
price eventually move to a point where it breaks market
1101
01:14:32,580 --> 01:14:35,760
structure and that looks like this here. And it's the market
1102
01:14:35,760 --> 01:14:39,900
makers market structure shift rather. And we would be
1103
01:14:39,900 --> 01:14:44,700
looking for price action to do what move down into a market
1104
01:14:44,700 --> 01:14:48,390
maker profile for a buy. Okay, so because we're trading from
1105
01:14:48,390 --> 01:14:51,030
a key resistance level, we're trading lower, okay, and
1106
01:14:51,030 --> 01:14:54,960
eventually trading down into a key resistance support level.
1107
01:14:55,230 --> 01:14:57,840
Okay, in other words, we're expecting price to eventually
1108
01:14:57,840 --> 01:14:59,970
move so every time we come back to our charts, we're seeing
1109
01:15:00,540 --> 01:15:04,470
expectancy of what we're waiting for it to trade down to a
1110
01:15:04,470 --> 01:15:08,190
support level. Okay, and as price starts to move back to new
1111
01:15:08,190 --> 01:15:11,670
levels of resistance, we anticipate price to react
1112
01:15:11,730 --> 01:15:14,160
accordingly, but doesn't necessarily have to trade back to
1113
01:15:14,160 --> 01:15:17,670
it. Okay. Again, as we retrace, we're looking at what price
1114
01:15:17,700 --> 01:15:21,060
move from a high down to this low. So we have a new range
1115
01:15:21,090 --> 01:15:26,070
price can come up necessarily fall short of this, okay, and
1116
01:15:26,070 --> 01:15:28,650
you see this probably in your own trading many, many times
1117
01:15:29,040 --> 01:15:33,600
where price fails to get back to that point. But in terms of
1118
01:15:33,600 --> 01:15:38,190
the range, okay, we went back to 60 to 79 or maybe to meet
1119
01:15:38,910 --> 01:15:42,930
midpoint 70.5 sweet spot that I use for my optimal trade
1120
01:15:42,930 --> 01:15:47,310
entry and eventually sells off. But in here, this could be a
1121
01:15:47,310 --> 01:15:49,920
reflection pattern, this could be a turtle soup, okay. It
1122
01:15:49,920 --> 01:15:53,250
could be tied to trend following that nature. Okay, and you
1123
01:15:53,250 --> 01:15:56,670
can use this by a mile that would be hunting initially.
1124
01:15:56,970 --> 01:16:00,540
Okay, as an area just to get short in the marketplace. But
1125
01:16:00,570 --> 01:16:03,900
as price starts to move down, and we trade into what would
1126
01:16:03,900 --> 01:16:07,590
be considered a higher time frame support level, okay, we
1127
01:16:07,590 --> 01:16:10,800
would anticipate price bouncing, and you start to see the
1128
01:16:10,800 --> 01:16:14,910
early works of an optimal trade entry in here. Okay? So you
1129
01:16:14,910 --> 01:16:17,430
could be a buyer here with the expectancy of the market
1130
01:16:17,430 --> 01:16:20,970
maker profile by model unfolding. And as price starts to
1131
01:16:20,970 --> 01:16:27,060
move up, okay, one would expect to see what? Well looking at
1132
01:16:27,060 --> 01:16:30,210
price action, you would expect to see higher prices moving
1133
01:16:31,260 --> 01:16:36,000
even even further up. But if you're thinking just in terms
1134
01:16:36,000 --> 01:16:39,570
of this bi model, and not taking in consideration the fact
1135
01:16:39,570 --> 01:16:43,500
that this could be the retracement here, for an overall
1136
01:16:43,500 --> 01:16:47,400
continuation lower, we have a buy model that's going to
1137
01:16:47,610 --> 01:16:51,660
mutate into a continuation for a sell off and continue
1138
01:16:51,660 --> 01:16:54,270
lower. Okay, so you always have to be cognizant of that
1139
01:16:54,270 --> 01:16:57,360
happening. And that's why we always use the previous range.
1140
01:16:57,510 --> 01:17:01,080
Okay, so looking at that you have this high In this low
1141
01:17:01,080 --> 01:17:05,550
prices retracing into this into that, okay, that could be an
1142
01:17:05,550 --> 01:17:08,130
optimal trade entry that could be unfolding inside the
1143
01:17:08,130 --> 01:17:13,050
viewer expected price move. So even though price cancel that
1144
01:17:13,740 --> 01:17:17,910
we go back up into a higher time frame resistance level. But
1145
01:17:17,910 --> 01:17:21,240
now we have this range still to consider this high to this
1146
01:17:21,240 --> 01:17:25,110
low. We're at 62 and 79% retracement in terms of that range.
1147
01:17:25,260 --> 01:17:28,890
Okay, so even though we would be hunting this by model, okay
1148
01:17:28,890 --> 01:17:31,980
market maker profile, we still had to be cognizant of how
1149
01:17:31,980 --> 01:17:37,110
this may unfold into into a trend following continuation
1150
01:17:37,110 --> 01:17:41,610
lower and by that you would see price start to give off some
1151
01:17:41,610 --> 01:17:44,700
trade entries in here on this lower timeframe and starts to
1152
01:17:44,700 --> 01:17:46,410
break down and this is the reason why we've had to take
1153
01:17:46,410 --> 01:17:50,160
profits because simply taking a position assuming it back
1154
01:17:50,160 --> 01:17:54,630
here, and an area of key support resistance. With expectancy
1155
01:17:54,630 --> 01:17:59,460
that price moving up into an old salvation run stops. That's
1156
01:17:59,460 --> 01:18:04,680
to my off You have to have the the deep the ability to
1157
01:18:04,680 --> 01:18:06,660
accept the fact that you're probably going to be wrong,
1158
01:18:06,720 --> 01:18:09,270
okay? And you're always wrong until you take profit.
1159
01:18:09,509 --> 01:18:10,169
Okay, so
1160
01:18:11,910 --> 01:18:14,490
if you see price start to break down like this, obviously
1161
01:18:14,490 --> 01:18:17,070
you're gonna wish you had taken profits, but, you know,
1162
01:18:17,130 --> 01:18:21,600
sometimes that's too late. So overall, looking at how the
1163
01:18:21,600 --> 01:18:24,030
Australian dollar moves on a five minute basis, you can see
1164
01:18:24,030 --> 01:18:28,680
how this area here is delineating the range and this is
1165
01:18:28,710 --> 01:18:31,440
obviously the low at one at 148. But the key level we were
1166
01:18:31,440 --> 01:18:34,710
watching was one to 150. So inside this consolidation, the
1167
01:18:34,710 --> 01:18:38,490
Smart Money was accumulating and price moved up and then
1168
01:18:38,490 --> 01:18:42,330
came back down and retested, this broken resistance down
1169
01:18:42,330 --> 01:18:45,660
support. And in all in here, they continue to work within a
1170
01:18:45,660 --> 01:18:49,080
higher timeframe by model where price eventually moves
1171
01:18:49,080 --> 01:18:55,470
higher. on an hourly basis, you can see how the Australian
1172
01:18:55,470 --> 01:18:59,640
dollar traded within that same area of price. Okay, now,
1173
01:18:59,640 --> 01:19:04,560
look at How that one to 150 level reacted on an hourly
1174
01:19:04,560 --> 01:19:07,740
basis. Okay, so far we've only looked at a five and 15
1175
01:19:07,740 --> 01:19:10,830
minute chart on an hourly basis Look what unfolded
1176
01:19:10,830 --> 01:19:16,440
eventually price eventually moved up, okay? retested trade
1177
01:19:16,440 --> 01:19:20,940
up to one or 246 came down gave another buying opportunity,
1178
01:19:21,210 --> 01:19:24,330
okay and then rallied up and came back deep like we were
1179
01:19:24,330 --> 01:19:29,700
talking about earlier Okay in this retest of this old range
1180
01:19:29,700 --> 01:19:33,810
that we had initial accumulation they took it back down that
1181
01:19:33,810 --> 01:19:36,750
specific point gave them an optimal trade entry, okay and
1182
01:19:36,750 --> 01:19:40,020
then rallied up even higher and then eventually took out
1183
01:19:40,020 --> 01:19:43,500
this previous consolidation area. So this is that by model
1184
01:19:43,680 --> 01:19:48,510
come to fruition, okay, so over 200 and some pips okay offer
1185
01:19:48,510 --> 01:19:53,130
here as a short term trader. Okay, if you were looking for
1186
01:19:53,130 --> 01:19:57,810
that type of trade, but this is the area that we called for
1187
01:19:57,870 --> 01:20:03,390
in terms of Short term trading I did a video previous to all
1188
01:20:03,390 --> 01:20:06,030
the price action unfolding as it did here. And again, I'd
1189
01:20:06,030 --> 01:20:09,690
counsel you to take a look at Chris Laurie calm and go into
1190
01:20:09,690 --> 01:20:12,600
his video archive section and the webinar we did together
1191
01:20:13,020 --> 01:20:16,230
his archive there you can see the analysis that was done as
1192
01:20:16,230 --> 01:20:22,380
well. Looking at, obviously, the daily in terms of what it
1193
01:20:22,380 --> 01:20:26,850
looked like, all this price action in here is what was
1194
01:20:26,880 --> 01:20:30,990
called Okay, so over the period of few days, okay, you know,
1195
01:20:31,020 --> 01:20:35,850
up over 100 and some pips obviously, but eventually moving
1196
01:20:35,850 --> 01:20:44,160
to the point of over 200 and some pips. Now, if you're
1197
01:20:44,160 --> 01:20:46,740
looking at this video module, and you're wondering, this
1198
01:20:46,740 --> 01:20:49,860
looks nothing like the short term trading video module you
1199
01:20:49,860 --> 01:20:53,160
did like, where you talk about the 18 and 40 moving
1200
01:20:53,160 --> 01:21:01,050
averages, right. You're right because There's a difference.
1201
01:21:01,110 --> 01:21:03,510
Okay, there's short term trend trading, which is what that
1202
01:21:03,510 --> 01:21:09,090
vo module talked about. And then there is climax reversal,
1203
01:21:09,720 --> 01:21:13,950
short term trading. And this is what that premise was in
1204
01:21:13,950 --> 01:21:17,670
this teaching model module. Talking about how looking for
1205
01:21:17,670 --> 01:21:21,630
reversals at resistance and support levels is what we
1206
01:21:21,630 --> 01:21:26,010
focused here. Notice how the low here that we were targeting
1207
01:21:26,430 --> 01:21:30,030
based on trading the market maker profiles during that
1208
01:21:30,030 --> 01:21:33,630
specific time, the moving averages were saying what gets
1209
01:21:33,630 --> 01:21:39,690
short. Okay? But support resistance trumps everything. So
1210
01:21:39,780 --> 01:21:43,560
when you see that type of event unfold, obviously, the
1211
01:21:43,560 --> 01:21:47,790
moving averages are lagging. Okay, but price action is not.
1212
01:21:48,120 --> 01:21:53,490
It's leading. Okay, so, getting here long, in the very next
1213
01:21:53,490 --> 01:21:58,410
day getting long here as well, waiting for higher prices.
1214
01:21:58,800 --> 01:22:01,920
You can actually see the market recovered. Fall here on a
1215
01:22:01,920 --> 01:22:05,550
daily chart, because is that we're looking at here, here's
1216
01:22:05,550 --> 01:22:09,990
the range in here. Here's the breakout of that range, the
1217
01:22:09,990 --> 01:22:14,610
big Tyrannosaurus Rex jumped in the pool. Okay, and it's sat
1218
01:22:14,610 --> 01:22:17,670
still for a moment, and we've price to get stabilized again.
1219
01:22:17,910 --> 01:22:20,610
And then it puts next leg in, so to put more of its body and
1220
01:22:20,610 --> 01:22:23,670
then price eventually moves higher. And I can tell you, the
1221
01:22:23,670 --> 01:22:26,970
price has actually moved even higher than this, since this
1222
01:22:26,970 --> 01:22:30,360
particular low here as well. So we were very fortunate
1223
01:22:30,360 --> 01:22:32,790
enough to have a very good example of price action in the
1224
01:22:32,790 --> 01:22:34,770
Australian dollar. And I was very pleased to be able to
1225
01:22:34,770 --> 01:22:35,400
share that
1226
01:22:36,390 --> 01:22:41,970
beforehand in video recording, and targeting of the specific
1227
01:22:41,970 --> 01:22:45,690
price levels where I thought price was going to trade to and
1228
01:22:46,470 --> 01:22:49,170
be able to share that with Chris Laurie as well in a
1229
01:22:49,170 --> 01:22:52,920
webinar. So hopefully this has been very insightful to you
1230
01:22:53,070 --> 01:22:56,220
and gives you some framework to utilize some of your short
1231
01:22:56,220 --> 01:22:59,940
term trading and where to apply specific price patterns and
1232
01:23:00,210 --> 01:23:05,130
How to use that in your arsenal for short term trading, put
1233
01:23:05,130 --> 01:23:08,730
some thought into how you're going to be a trader, you can
1234
01:23:08,730 --> 01:23:13,050
use either one of them buy or sell module. And if you look
1235
01:23:13,050 --> 01:23:18,990
at that fractal pattern, again, if you just understand part
1236
01:23:19,020 --> 01:23:23,010
of the fractal, and you can make a career just on that, so
1237
01:23:23,070 --> 01:23:26,820
in a buy module, and you just see the sell aspect of it,
1238
01:23:27,120 --> 01:23:29,640
that's all you need. Okay, because remember, you can build a
1239
01:23:29,640 --> 01:23:30,900
career on 50 pips a week.