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Version 1.1 by Drunk Monkey on 2020-11-20 16:50
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3 ICT: Okay folks, we are looking at Part Six on the trading
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7 plan development series and we're focusing on short term
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11 trading in this example. And obviously, you know, we're not
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15 reinventing the wheel here a lot of the concepts that I'll
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19 be discussing here are taught in previous As teaching
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23 modules, I would counsel you to look at my short term
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27 trading video module, the power three video module, how to
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31 catch explosive profits in the Forex market video module and
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35 while you'll, you'll refer back to the optimal trade entry
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39 video module, and maybe even the fifth concept so the module
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43 may be of help to you as well. But let's take a look
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47 at
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51 the overall plan here.
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55 Okay, and we're looking at short term trading plan and
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59 premise to this style trading is we're gonna be trading in
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63 sync with the market structure. And we're gonna talk about
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67 market structure in this video module a bit more greater
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71 detail because I really wanted to differentiate it from
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75 market flow, okay, because there is a difference in what I
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79 mean when I say market flow and market structure, okay, if
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83 there was one specific preference over trading with Mark
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87 flow or market structure, it would be market structure.
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91 Okay, I learned from Larry Williams. And I think this will
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95 be more or less a better treatise on the explanation on how
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99 I trade with it in this in this module. All right duration
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103 this style of trading is as low as intraday, a entry and
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107 exit at the same day to as little as a few days. anything
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111 greater than five days in a trade I would consider a swing
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115 trade. So five days or less, to me is a short term trade and
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119 the average pips in terms of profit, we're aiming for 50 to
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123 150 pips per trade. Alright, so the buy signals, how do we
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127 arrive at looking for buys or we're gonna be trading long in
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131 the observance of a bullish market maker profile. That's the
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135 fractal we're going to be highlighting in this video module.
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139 There's all types of fractals all different styles of
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143 trading fractals. Again, fractals are simply a pattern that
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147 is infinitely visible. Okay, in any timeframe up or down.
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151 Okay. They're going to look a little bit different overall
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155 but generally the do overall premise or pattern to it is
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159 universally the same. Okay? And you'll see what I mean by
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163 that when we look at the actual market maker profile. We're
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167 looking to find price patterns and conferences to support
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171 our trades in the direction of the market maker profile and
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175 market structure those both being bullish and will be
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179 utilized in the trade entry for entry price and using fib
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183 extensions for profits nothing new here guys No, no
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187 reinventing the wheel here simple concepts we've already
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191 talked about in previous video modules. sell signals
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195 obviously much like everything else in my teaching is is to
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199 reverse everything. So if you look for the observance of a
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203 bearish market maker profile, the fractal again we're
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207 looking for with a bearish market structure. And we'll be
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211 looking for price patterns and conferences. And we'll be
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215 utilizing the optimal trade entry for our entry price and
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219 using fib extensions 127 162 and 200 for profit. Now, when
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223 we put a trade on the wrist we associate each trade will be
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227 maximized at no greater than 2% per trade. Ideally, I
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231 recommend 1% even in a demo account, guys, because you don't
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235 want the did the more demoralizing effect of being wrong and
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239 seeing your equity erode? Even if it is a demo account?
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243 You're not? No, you're not learning anything by losing money
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247 fast. Okay, trust me. I've done that a lot. Early on, I've
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251 lost a lot of money, okay. And I never learned anything from
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255 that. Okay. I learned from really learning to step back and
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259 lose money slowly. That's that that's when you learn because
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263 when you quickly lose money and lots of it, you're, you're
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267 so swamped with emotions, okay. You can't think of
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271 objectively and you want to be able to lose money slowly and
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275 objectively look at what it is you're doing. Wrong, and take
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279 a step back and look at it if you're losing seven 812 15% in
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283 one or two trades, okay? I've done that. Okay? years and
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287 years ago, I've done that. And I'm telling you, you don't
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291 learn anything from that you actually will find limitless
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295 reasons to get out of this and never do it again, never give
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299 yourself a chance. So again, can't stress it enough keep
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303 your risk very, very small. If you're brand new, absolutely
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307 brand new risk one half of 1%. How about that goes against
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311 what you thought is logic con, you think you got to risk a
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315 whole lot of money you don't. So if you're looking at,
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319 you know, a trading portfolio and you use these concepts or
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323 any other trading concepts, obviously, risk management is in
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327 the forefront of your mind as a trader is that even as a
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331 developing trader, because as a professional myself, the
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335 first thing I care about is what am I going to risk? Okay,
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339 what is my risk overall, and how quickly can I read Move the
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343 risk and go to breakeven and then immediately looking beyond
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347 that point to lock in something I want to get paid, okay? I
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351 don't want I don't care about right, I want to be paid. I
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355 know there's enough opportunities every single week, I can,
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359 I can harvest money from the market every week, okay? And
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363 that's the mindset you need to adopt. There's no rush to get
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367 in. There is a rush to protect your assets and your in your
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371 equity. So there's where you rush, you rush to save money,
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375 and you move slowly when you're trying to make money. Okay,
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379 so that way you're controlling your drawdown. And for more
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383 information on that, obviously look at my handling drawdown
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387 and inevitable losses video module. Okay. That's actually
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391 how I handle with losing streaks. And yes, surprise, I have
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395 losing streaks, so you have to have that in your arsenal as
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399 well. So now, taking a step back and looking at this, you're
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403 probably scratching your saying, Well, wait a minute. This
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407 really isn't a trading plan. Well, that's for the guys that
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411 just started watching my videos. And they're looking at this
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415 saying, what does this even mean? for those who've been
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419 following me for While have digested the previous videos and
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423 you understand what optimal trade entry is, you understand
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427 what specific price patterns we're talking about, you
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431 understand what confluences are. Okay, you had a brief
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435 introduction to fractals with the optimal trade entries.
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439 We're gonna learn a little bit more about that in here. And
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443 what specifically a market maker does on all timeframes to
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447 facilitate trade. But it's not my goal here to break down
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451 every intricate detail that goes into making a specific
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455 short term trading plan. And the reason why is because I
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459 don't know your personality. I don't know what framework
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463 you're building you're trading on. And you'll understand
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467 more about what I mean by that when we actually break down
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471 the market maker profile because every one of these profiles
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475 is ambiguous. Okay. In other words, it can be viewed even
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479 though I present it as a bullish market profile. You may
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483 hone in on one aspect of this specific prat fractal. And you
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487 may say, Well, this is a pattern I see clearly. And I'll
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491 present it in this presentation as a bi model. But you may
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495 see the opportunities in here to sell. Okay? And believe me,
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499 this will make much more sense when we started looking at
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503 it. But if that's what you see, that's how you trade, okay?
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507 And don't discount that. Okay, and rewind that for a second.
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511 If you're, if you're listening to the playback, go back a
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515 couple seconds and hear that, again.
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519 That
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523 specific aspect of this fractal pattern, if you specifically
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527 see the selling aspect of a buy model, that's your niche.
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531 That's your framework to start trading, okay. All you need
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535 is a small little segment of the marketplace to be
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539 profitable. Okay, that's what you're doing this for. You're
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543 not here to impress your wife and I'm here to press your
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547 husband how smart you are. You want to go back to high
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551 school and say, you know, your physics teachers, hey, look
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555 at this, you know, I told you I was gonna amount to
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559 something. I'm a forex trader, okay? That's not that's not
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563 your goal, okay. And if it is, you know, prioritize make it
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567 back to getting profitability, okay? Get the ego out of it.
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571 So with all that, you know, I could go on and on and on
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575 here. Let's look at the actual market maker profile.
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579 Okay, this is the market maker profile for the buy model.
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583 Okay, and what this specifically is detailing here and it
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587 looks rather Elementary, it looks rather simplistic, but I
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591 assure you, it's conceptually how I trade. Okay. This
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595 overall diagram is the basis on how I can anticipate price
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599 action. I can anticipate specific targets. I can anticipate
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603 reversals, I can anticipate continuation I can anticipate
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607 pauses I can anticipate price retesting previous support and
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611 resistance okay everything that I do internally as a trader
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615 can be summarized with this very pattern right here okay and
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619 basically the the concept is simply looking at how price in
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623 here okay you find a resistance level okay and in here this
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627 green box is delineating consolidation. This consolidation
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631 is essentially happening or occurring rather around a higher
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635 timeframe hopefully nothing less than one hour basis
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639 resistance level. Okay, so the top of this range in here
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643 really is assuming that we see a resistance level here. So
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647 while prices in this consolidation as a prat as a pattern
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651 trader, you would be hunting climax reverse types of
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655 patterns, okay? Those being MACD divergence bearish. type
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659 one bear stochastic divergence, an ICT reflection, optimal
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663 trade entry cell. Okay, turtle soup cell. Okay, so those
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667 types of patterns, okay or hammer or a lot of guys call them
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671 pin bars okay if you see that in the candlesticks up here
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675 that ended this implied resistance level those are all
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679 patterns that you would look for okay. So you have a
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683 resistance level here you have a confluence of price pattern
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687 that could be a candlestick like a bearish hammer, it could
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691 be railroad tracks, it could be tweezers. It could be a
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695 whole slew of different types of candlestick patterns, but
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699 associate that also with an ICT reflection on optimal trade
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703 entry in here, something else and maybe even if you're going
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707 To be utilizing an indicator and not stressing out here, but
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711 I know it's probably a foreign word to purists. But if you
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715 can find something indicator wise to support it also, you
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719 know, it's just something else that you would look to see
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723 what other traders may be factoring in to current market
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727 sentiment. Okay, so obviously you'd be looking for something
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731 very short term in here as an overbought reading, maybe
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735 stochastics, RSI, whatever oscillator you use, waiting for
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739 sonar, anything that is you'd be looking for an overbought
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743 reading in this in this consolidation area. Now once market
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746 00:13:37,740 ~-~-> 00:13:40,830
747 structure breaks down, okay, and again, we're going to talk
748
749 188
750 00:13:40,860 ~-~-> 00:13:43,410
751 about market structure and going in greater detail and how I
752
753 189
754 00:13:43,410 ~-~-> 00:13:46,200
755 use it. But right now we're just giving a brief summary or
756
757 190
758 00:13:46,200 ~-~-> 00:13:50,610
759 an overview if you will. market structure breaks, it trades
760
761 191
762 00:13:50,670 ~-~-> 00:13:54,690
763 below the range low here. Okay, when we see that we enter a
764
765 192
766 00:13:54,690 ~-~-> 00:13:58,710
767 new phase in the market profile. This red box delineates a
768
769 193
770 00:13:58,710 ~-~-> 00:14:03,960
771 new phase. segment of the overall profile. Now the reason
772
773 194
774 00:14:03,960 ~-~-> 00:14:06,390
775 why it's red. Okay, in case you're wondering what's the deal
776
777 195
778 00:14:06,390 ~-~-> 00:14:08,640
779 with all these colors, why you might as gotta be specific,
780
781 196
782 00:14:08,790 ~-~-> 00:14:14,850
783 as well, to me, I'm on alert. Okay, this is a red alert type
784
785 197
786 00:14:16,020 ~-~-> 00:14:19,500
787 segment of this market profile or this fractal pattern I'm
788
789 198
790 00:14:19,500 ~-~-> 00:14:24,360
791 looking at in price. Now this overall price swing down to
792
793 199
794 00:14:24,570 ~-~-> 00:14:28,230
795 present a buy opportunity, this could be present on a one
796
797 200
798 00:14:28,230 ~-~-> 00:14:31,080
799 minute chart. Again, I do not trade with a one minute chart,
800
801 201
802 00:14:31,080 ~-~-> 00:14:35,580
803 but you can see this pattern on a one minute. I look for on
804
805 202
806 00:14:35,580 ~-~-> 00:14:40,140
807 a five minute 15 minute, one hour, four hour and daily,
808
809 203
810 00:14:40,320 ~-~-> 00:14:43,770
811 okay, so by having those timeframes, okay, and an
812
813 204
814 00:14:43,770 ~-~-> 00:14:46,410
815 understanding of high timeframe support resistance levels.
816
817 205
818 00:14:47,040 ~-~-> 00:14:50,160
819 When I see this pattern unfolding, it makes trading for me,
820
821 206
822 00:14:50,550 ~-~-> 00:14:53,010
823 and obviously when you understand how it works for yourself,
824
825 207
826 00:14:53,280 ~-~-> 00:14:55,680
827 makes it very easy to anticipate, okay, and that's what you
828
829 208
830 00:14:55,680 ~-~-> 00:14:57,870
831 want. As a trader. You want to be able to anticipate things,
832
833 209
834 00:14:58,110 ~-~-> 00:15:01,470
835 expect specific things to unfold In price action, and then
836
837 210
838 00:15:01,470 ~-~-> 00:15:04,320
839 get yourself in sync with your anticipation of what price
840
841 211
842 00:15:04,410 ~-~-> 00:15:06,930
843 hopefully may do, but there's no guaranteed it's going to do
844
845 212
846 00:15:06,930 ~-~-> 00:15:09,660
847 that. So that's the reason why we use stop losses. So
848
849 213
850 00:15:09,660 ~-~-> 00:15:13,920
851 getting back to this box here, why is it red? Well, once we
852
853 214
854 00:15:13,920 ~-~-> 00:15:17,040
855 break out of this consolidation here, okay, and that
856
857 215
858 00:15:17,040 ~-~-> 00:15:21,450
859 specific price point, I'm anticipating a retest of this
860
861 216
862 00:15:21,480 ~-~-> 00:15:24,780
863 specific support level. Now broken is going to be hopefully,
864
865 217
866 00:15:25,110 ~-~-> 00:15:26,010
867 a resistance point.
868
869 218
870 00:15:26,220 ~-~-> 00:15:29,190
871 Okay, so if price can trade back up into that point, I'm
872
873 219
874 00:15:29,190 ~-~-> 00:15:33,750
875 going to sell okay in here if I miss this opportunity. So
876
877 220
878 00:15:33,780 ~-~-> 00:15:37,950
879 this here, this high in here, in this red box, there are
880
881 221
882 00:15:37,950 ~-~-> 00:15:40,620
883 several patterns you can utilize for trading here. You can
884
885 222
886 00:15:40,620 ~-~-> 00:15:44,280
887 use a turtle soup cell pattern, you could use an ICT
888
889 223
890 00:15:44,280 ~-~-> 00:15:48,360
891 reflection pattern, you can use a type two trend following
892
893 224
894 00:15:49,050 ~-~-> 00:15:51,690
895 which is a higher stochastics overbought reading here
896
897 225
898 00:15:51,690 ~-~-> 00:15:54,570
899 comparable to this previous high here. Okay, between this
900
901 226
902 00:15:54,570 ~-~-> 00:15:56,730
903 high and this high you'll see overbought readings on the
904
905 227
906 00:15:56,730 ~-~-> 00:16:01,530
907 stochastic but this reading here on this high price does the
908
909 228
910 00:16:01,530 ~-~-> 00:16:04,410
911 classical way even higher in terms of being overbought. So
912
913 229
914 00:16:04,410 ~-~-> 00:16:07,170
915 that's a type two trend falling or you may know it as a
916
917 230
918 00:16:07,170 ~-~-> 00:16:11,040
919 hidden divergence. Okay bearish. But again, it's a nickname
920
921 231
922 00:16:11,070 ~-~-> 00:16:14,670
923 nice. divergence is trend falling in nature and he dubbed it
924
925 232
926 00:16:14,670 ~-~-> 00:16:19,380
927 as a type two trend following. Or you could see a type one
928
929 233
930 00:16:19,410 ~-~-> 00:16:23,490
931 bearish divergence in here on this little small little range
932
933 234
934 00:16:23,490 ~-~-> 00:16:27,300
935 in here as well, or you could see an ICT Grail, which is an
936
937 235
938 00:16:27,300 ~-~-> 00:16:29,790
939 optimal trade entry from this high to the low inherent
940
941 236
942 00:16:29,790 ~-~-> 00:16:34,920
943 wherever it retraces up into. It could be a type two trend
944
945 237
946 00:16:34,920 ~-~-> 00:16:37,080
947 falling with that optimal trade action which makes it an ICT
948
949 238
950 00:16:37,080 ~-~-> 00:16:40,290
951 Grail pattern. Again, if you don't know what these things
952
953 239
954 00:16:40,290 ~-~-> 00:16:45,060
955 are, more or less driving you back to the previous course
956
957 240
958 00:16:45,060 ~-~-> 00:16:48,180
959 videos, and it's in the high probability price patterns
960
961 241
962 00:16:48,180 ~-~-> 00:16:51,030
963 video. Okay, you'll learn all about those price patterns in
964
965 242
966 00:16:51,030 ~-~-> 00:16:54,720
967 that video module. This red box here could also present you
968
969 243
970 00:16:54,720 ~-~-> 00:16:59,160
971 an ICT Stinger cell signal, which is a optimal trade entry
972
973 244
974 00:16:59,400 ~-~-> 00:17:03,660
975 with a type trend trend following bearish divergence within
976
977 245
978 00:17:03,660 ~-~-> 00:17:08,010
979 the second overbought reading here. This will be a type one
980
981 246
982 00:17:08,010 ~-~-> 00:17:10,170
983 bearish divergence. That's what an ICT Stinger is. That's a
984
985 247
986 00:17:10,170 ~-~-> 00:17:12,930
987 type one within a type two with an optimal trade entry
988
989 248
990 00:17:12,930 ~-~-> 00:17:16,830
991 Confluence at a implied resistance level which would be
992
993 249
994 00:17:16,830 ~-~-> 00:17:21,060
995 here. Okay. Now, getting back to the reason why it's red, I
996
997 250
998 00:17:21,060 ~-~-> 00:17:25,770
999 don't have to see it retest here. Okay, so this area here,
1000
1001 251
1002 00:17:26,130 ~-~-> 00:17:31,200
1003 this is the one that has a lot of ifs, okay, it could break
1004
1005 252
1006 00:17:31,230 ~-~-> 00:17:34,980
1007 out and never retest that. Okay, on strong markets, it will
1008
1009 253
1010 00:17:34,980 ~-~-> 00:17:39,060
1011 just continue, pause, Bear Flag in here and then move lower
1012
1013 254
1014 00:17:39,060 ~-~-> 00:17:43,170
1015 going down into the implied support level. Okay. So this
1016
1017 255
1018 00:17:43,170 ~-~-> 00:17:46,530
1019 area here it can retest, I like to see that ideally, but it
1020
1021 256
1022 00:17:46,530 ~-~-> 00:17:50,040
1023 don't necessarily have to have that. Okay. Now, what does
1024
1025 257
1026 00:17:50,040 ~-~-> 00:17:53,010
1027 that mean for you as a trader in here on short term basis,
1028
1029 258
1030 00:17:53,010 ~-~-> 00:17:56,160
1031 if you see this pattern unfolding over an hourly basis, this
1032
1033 259
1034 00:17:56,160 ~-~-> 00:17:59,520
1035 could be as much as 30 pips or 50 pips here. Okay. And you
1036
1037 260
1038 00:17:59,520 ~-~-> 00:18:02,310
1039 start seeing Miss Paul's in here, you know, you probably got
1040
1041 261
1042 00:18:02,310 ~-~-> 00:18:05,280
1043 a good leg before it trades down into a higher time frame
1044
1045 262
1046 00:18:05,310 ~-~-> 00:18:08,370
1047 support level. Whoa, what am I talking about selling short,
1048
1049 263
1050 00:18:08,430 ~-~-> 00:18:11,040
1051 this is supposed to be a buy model. Yeah, see what I'm
1052
1053 264
1054 00:18:11,040 ~-~-> 00:18:15,390
1055 talking about if you see this price pattern unfolding in
1056
1057 265
1058 00:18:15,390 ~-~-> 00:18:18,600
1059 your charts, okay, and it's clear that you understand this
1060
1061 266
1062 00:18:18,600 ~-~-> 00:18:22,110
1063 leg is going down, but you necessarily don't have the
1064
1065 267
1066 00:18:22,260 ~-~-> 00:18:27,150
1067 confidence needed to be buying boldface support levels here.
1068
1069 268
1070 00:18:27,690 ~-~-> 00:18:30,480
1071 Okay, you would end up catching the buy maybe on this side
1072
1073 269
1074 00:18:30,480 ~-~-> 00:18:34,710
1075 here after the breakout and the break in market structure,
1076
1077 270
1078 00:18:35,160 ~-~-> 00:18:38,340
1079 then a retest and then maybe you're a good candidate to be a
1080
1081 271
1082 00:18:38,340 ~-~-> 00:18:42,030
1083 buyer there, but not Nestle down here in the gray area. If
1084
1085 272
1086 00:18:42,030 ~-~-> 00:18:45,390
1087 you see this pattern as a sell, obviously, don't be limited
1088
1089 273
1090 00:18:45,390 ~-~-> 00:18:49,650
1091 by bias descriptions. Okay, to me, this is a buy model
1092
1093 274
1094 00:18:49,650 ~-~-> 00:18:53,010
1095 because I'm more focused on this higher timeframe. Swing
1096
1097 275
1098 00:18:53,010 ~-~-> 00:18:55,620
1099 lower because the markets being engineered to go lower into
1100
1101 276
1102 00:18:55,620 ~-~-> 00:19:00,480
1103 a key support level that I would imply or expensive Rather
1104
1105 277
1106 00:19:00,540 ~-~-> 00:19:03,360
1107 to see price bounced down here, assuming there's at higher
1108
1109 278
1110 00:19:03,360 ~-~-> 00:19:07,170
1111 time frame, monthly, weekly daily for our one hour support
1112
1113 279
1114 00:19:07,170 ~-~-> 00:19:12,510
1115 level down here to anticipate price movement higher. Now,
1116
1117 280
1118 00:19:13,950 ~-~-> 00:19:17,190
1119 assuming that we saw price move out of this area here, okay,
1120
1121 281
1122 00:19:17,220 ~-~-> 00:19:20,250
1123 that's fine. It goes down to the level we're anticipating a
1124
1125 282
1126 00:19:20,250 ~-~-> 00:19:24,150
1127 support level to be unfolding. When we get to this area,
1128
1129 283
1130 00:19:24,180 ~-~-> 00:19:27,210
1131 this is the gray area, because we don't necessarily know
1132
1133 284
1134 00:19:27,210 ~-~-> 00:19:29,550
1135 that that support level is going to provide support at all.
1136
1137 285
1138 00:19:29,910 ~-~-> 00:19:34,290
1139 Okay, you may get a small little bounce and this area here.
1140
1141 286
1142 00:19:34,950 ~-~-> 00:19:36,930
1143 This is where you can look to take first profit, why is it
1144
1145 287
1146 00:19:36,930 ~-~-> 00:19:41,370
1147 blue? Okay, and why is this one blue? Because if you do buy
1148
1149 288
1150 00:19:41,370 ~-~-> 00:19:44,070
1151 down here on the support level, okay, that would be down
1152
1153 289
1154 00:19:44,070 ~-~-> 00:19:46,320
1155 here that we're assuming based on a higher time frame
1156
1157 290
1158 00:19:46,320 ~-~-> 00:19:49,500
1159 premise. Look at the range.
1160
1161 291
1162 00:19:49,920 ~-~-> 00:19:55,770
1163 Okay, you have this high to this low as price starts to move
1164
1165 292
1166 00:19:55,770 ~-~-> 00:20:00,240
1167 up. Okay. If we start getting back to old support broke And
1168
1169 293
1170 00:20:00,240 ~-~-> 00:20:04,230
1171 now resistance, this could be an optimal trade entry to
1172
1173 294
1174 00:20:04,230 ~-~-> 00:20:07,590
1175 continue even lower. So you want to take some profits here,
1176
1177 295
1178 00:20:08,400 ~-~-> 00:20:11,550
1179 move your stop to break even. Okay and then have your
1180
1181 296
1182 00:20:11,550 ~-~-> 00:20:14,370
1183 remaining portion of the trade reach for what level here,
1184
1185 297
1186 00:20:14,760 ~-~-> 00:20:19,140
1187 this one here now this in this specific point here, you
1188
1189 298
1190 00:20:19,140 ~-~-> 00:20:22,950
1191 could see a type two trend following an optimal trade entry
1192
1193 299
1194 00:20:22,980 ~-~-> 00:20:28,320
1195 for an additional buy again, okay, Bull flag in here rallies
1196
1197 300
1198 00:20:28,320 ~-~-> 00:20:32,940
1199 on up and in here between both these blue boxes or even the
1200
1201 301
1202 00:20:32,940 ~-~-> 00:20:38,100
1203 lows in here. ICT Stinger buys ICT Grails, okay type two
1204
1205 302
1206 00:20:38,100 ~-~-> 00:20:42,180
1207 trend following. Those patterns could be seen on the upside
1208
1209 303
1210 00:20:42,180 ~-~-> 00:20:44,700
1211 in here. So that's how you hunt those. Okay, anticipate
1212
1213 304
1214 00:20:44,700 ~-~-> 00:20:48,960
1215 those types of patterns forming on the impulse move up away
1216
1217 305
1218 00:20:48,960 ~-~-> 00:20:52,860
1219 from the higher time frame support level. What say specific
1220
1221 306
1222 00:20:52,860 ~-~-> 00:20:56,670
1223 about this area, well go back to the range. Here's the high
1224
1225 307
1226 00:20:57,210 ~-~-> 00:20:59,850
1227 down to the low. You want to be taking some profits here
1228
1229 308
1230 00:20:59,850 ~-~-> 00:21:01,710
1231 because Cuz you may be pulling up into an optimal trade
1232
1233 309
1234 00:21:01,710 ~-~-> 00:21:06,450
1235 entry based on this previous range here to here. So why not
1236
1237 310
1238 00:21:06,450 ~-~-> 00:21:11,070
1239 take some off again, but still leave that stop down here.
1240
1241 311
1242 00:21:11,520 ~-~-> 00:21:15,120
1243 Okay? Don't move the stop until we break out of this area
1244
1245 312
1246 00:21:15,120 ~-~-> 00:21:18,810
1247 here, it's got to cancel out this optimal trade entry from
1248
1249 313
1250 00:21:18,810 ~-~-> 00:21:22,380
1251 this high to this low, because this one here, the second
1252
1253 314
1254 00:21:22,380 ~-~-> 00:21:27,990
1255 little blue box here, this could be a continuation. Okay,
1256
1257 315
1258 00:21:27,990 ~-~-> 00:21:33,060
1259 and we're going to talk about that later on. It's a bi model
1260
1261 316
1262 00:21:33,060 ~-~-> 00:21:38,010
1263 that really is transforming or mutates into a continuation
1264
1265 317
1266 00:21:38,010 ~-~-> 00:21:41,520
1267 lower. Okay? And it'll be a trend following going lower. And
1268
1269 318
1270 00:21:41,520 ~-~-> 00:21:43,650
1271 we'll talk about that again in greater detail actually walk
1272
1273 319
1274 00:21:43,650 ~-~-> 00:21:47,730
1275 through it. Now as price goes on, higher, obviously, this
1276
1277 320
1278 00:21:47,730 ~-~-> 00:21:50,490
1279 previous consolidation, those participants that are high
1280
1281 321
1282 00:21:50,490 ~-~-> 00:21:54,060
1283 timeframe premise or position traders, they're not going to
1284
1285 322
1286 00:21:54,060 ~-~-> 00:21:58,470
1287 be in a rush to lower stops down above this high or this
1288
1289 323
1290 00:21:58,470 ~-~-> 00:22:02,790
1291 high. Okay? They're willing to sit back and allow price to
1292
1293 324
1294 00:22:03,090 ~-~-> 00:22:07,170
1295 retrace deeper, but their stop loss order is going to be
1296
1297 325
1298 00:22:07,170 ~-~-> 00:22:09,960
1299 resting right above this highs. That's where you take your
1300
1301 326
1302 00:22:09,960 ~-~-> 00:22:12,900
1303 profits on your short term trading. Okay? Always look to
1304
1305 327
1306 00:22:12,900 ~-~-> 00:22:16,050
1307 take your profits on short term trades at logical areas of
1308
1309 328
1310 00:22:16,050 ~-~-> 00:22:22,110
1311 stops. Okay? any previous highs? Okay as price moves up,
1312
1313 329
1314 00:22:22,500 ~-~-> 00:22:25,020
1315 look to take profits there because there's a pocket of
1316
1317 330
1318 00:22:25,020 ~-~-> 00:22:29,070
1319 liquidity that will offer many times outstanding areas to
1320
1321 331
1322 00:22:29,070 ~-~-> 00:22:32,250
1323 take profits. Now, why do you take majority if not all your
1324
1325 332
1326 00:22:32,250 ~-~-> 00:22:37,620
1327 position off here because this could be a reversal and trade
1328
1329 333
1330 00:22:37,620 ~-~-> 00:22:42,210
1331 very, very deep into the range between the low made here and
1332
1333 334
1334 00:22:42,210 ~-~-> 00:22:46,710
1335 the high here or the low here to the higher why sitting
1336
1337 335
1338 00:22:46,710 ~-~-> 00:22:50,400
1339 through all that drawdown without taking profit. It doesn't
1340
1341 336
1342 00:22:50,400 ~-~-> 00:22:56,040
1343 make any sense to me. Okay, this low here to this high that
1344
1345 337
1346 00:22:56,040 ~-~-> 00:22:59,580
1347 range it could be deep couple deeper in terms of retracement
1348
1349 338
1350 00:22:59,790 ~-~-> 00:23:03,150
1351 and so Still overall trade higher. Okay, but take some
1352
1353 339
1354 00:23:03,150 ~-~-> 00:23:07,710
1355 profits, or here's the, here's what could really happen. You
1356
1357 340
1358 00:23:07,710 ~-~-> 00:23:11,070
1359 could take this position and see profit all the way up here
1360
1361 341
1362 00:23:11,250 ~-~-> 00:23:14,520
1363 and never take anything off and watch it come all the way
1364
1365 342
1366 00:23:14,520 ~-~-> 00:23:18,960
1367 down and trade and reverse completely against you. That can
1368
1369 343
1370 00:23:18,960 ~-~-> 00:23:22,020
1371 happen guys. I know it doesn't seem like like it could,
1372
1373 344
1374 00:23:22,320 ~-~-> 00:23:25,410
1375 because we all want to be right. But it's not about being
1376
1377 345
1378 00:23:25,410 ~-~-> 00:23:27,210
1379 right. Okay, it's about being profitable.
1380
1381 346
1382 00:23:32,610 ~-~-> 00:23:36,240
1383 Alright, let's look at a market maker sell models. Okay.
1384
1385 347
1386 00:23:36,930 ~-~-> 00:23:39,570
1387 This one here. This is actually how I learned this pattern.
1388
1389 348
1390 00:23:39,570 ~-~-> 00:23:43,590
1391 I saw this pattern before I saw the buy model. And it's
1392
1393 349
1394 00:23:43,590 ~-~-> 00:23:48,000
1395 because I My belief is I think the market is predisposed to
1396
1397 350
1398 00:23:48,000 ~-~-> 00:23:52,740
1399 go up. Everybody thinks buying hold by then sell it. So to
1400
1401 351
1402 00:23:52,740 ~-~-> 00:23:56,190
1403 me, in this pattern makes more sense to me. But usually you
1404
1405 352
1406 00:23:56,190 ~-~-> 00:23:59,430
1407 see consolidation and support level. Price makes an impulse
1408
1409 353
1410 00:23:59,430 ~-~-> 00:24:04,080
1411 move up. Okay in comes back down doesn't have to find old
1412
1413 354
1414 00:24:04,080 ~-~-> 00:24:08,940
1415 resistance broken now support and bull flags in here. Now
1416
1417 355
1418 00:24:08,940 ~-~-> 00:24:11,940
1419 you can get a type to trend following in here. A lot of the
1420
1421 356
1422 00:24:11,940 ~-~-> 00:24:15,810
1423 continuation patterns we discussed earlier, turtle soup,
1424
1425 357
1426 00:24:16,170 ~-~-> 00:24:20,520
1427 false, previous low taken out raw stock rate or something
1428
1429 358
1430 00:24:20,520 ~-~-> 00:24:24,900
1431 that effect moving up into a higher timeframe key resistance
1432
1433 359
1434 00:24:24,900 ~-~-> 00:24:28,650
1435 level. Okay? So you're anticipating the consolidation to run
1436
1437 360
1438 00:24:28,680 ~-~-> 00:24:33,030
1439 up into a higher timeframe resistance, then a break down.
1440
1441 361
1442 00:24:33,660 ~-~-> 00:24:37,620
1443 Okay, and then obviously, retest is what we're looking for.
1444
1445 362
1446 00:24:38,160 ~-~-> 00:24:44,340
1447 Okay, but over here, the focus is now going to be on are we
1448
1449 363
1450 00:24:44,370 ~-~-> 00:24:50,310
1451 seeing trend following signals like type two, ICT stingers.
1452
1453 364
1454 00:24:50,730 ~-~-> 00:24:56,250
1455 Grails okay to imply continuation moving lower bear flags
1456
1457 365
1458 00:24:56,250 ~-~-> 00:24:58,140
1459 something of that nature because when market structure
1460
1461 366
1462 00:24:58,140 ~-~-> 00:25:00,630
1463 breaks in here, we're going to take a look at examples of
1464
1465 367
1466 00:25:00,630 ~-~-> 00:25:05,640
1467 that. We want to see lower prices, because this area here
1468
1469 368
1470 00:25:06,330 ~-~-> 00:25:09,870
1471 will be an area of pockets of stops resting right below
1472
1473 369
1474 00:25:09,870 ~-~-> 00:25:12,660
1475 that. That's what we're capitalizing on. We want to get
1476
1477 370
1478 00:25:12,690 ~-~-> 00:25:15,330
1479 short at a resistance level. But this is a gray area. Again,
1480
1481 371
1482 00:25:15,360 ~-~-> 00:25:19,350
1483 we don't know with any great certainty, or, you know,
1484
1485 372
1486 00:25:19,380 ~-~-> 00:25:22,620
1487 assurity really that this is going to be a high, we're
1488
1489 373
1490 00:25:22,620 ~-~-> 00:25:27,000
1491 trading it with the anticipation that it will be based on a
1492
1493 374
1494 00:25:27,030 ~-~-> 00:25:29,850
1495 resistance level that we may see up here based on a monthly
1496
1497 375
1498 00:25:29,850 ~-~-> 00:25:34,290
1499 weekly, daily for our nothing less than a one hour basis. So
1500
1501 376
1502 00:25:34,290 ~-~-> 00:25:37,230
1503 this swing lowers what we're looking to capitalize on down
1504
1505 377
1506 00:25:37,230 ~-~-> 00:25:39,330
1507 into this area where we would run the previous
1508
1509 378
1510 00:25:39,390 ~-~-> 00:25:44,250
1511 consolidations area of stops. Okay. Now, again, going back
1512
1513 379
1514 00:25:44,250 ~-~-> 00:25:47,190
1515 to that same premise, why don't I give you specific details
1516
1517 380
1518 00:25:47,370 ~-~-> 00:25:51,300
1519 on how to trade it with a specific plan? conceptually, you
1520
1521 381
1522 00:25:51,300 ~-~-> 00:25:57,240
1523 may see this as this area as a buy in this area to take your
1524
1525 382
1526 00:25:57,240 ~-~-> 00:26:00,930
1527 profits at or to your stop loss at an event. get tagged out.
1528
1529 383
1530 00:26:01,170 ~-~-> 00:26:03,690
1531 And that's your profit from maybe in the consolidation
1532
1533 384
1534 00:26:03,690 ~-~-> 00:26:07,500
1535 buying an awful trade entry buy here, or an ICT reflection
1536
1537 385
1538 00:26:07,500 ~-~-> 00:26:10,830
1539 in here or an SMT bullish divergence, something that's a
1540
1541 386
1542 00:26:10,830 ~-~-> 00:26:14,730
1543 climax reversal could be a reason to be getting long in
1544
1545 387
1546 00:26:14,730 ~-~-> 00:26:17,760
1547 here. And this is your confirmation here, maybe even bought
1548
1549 388
1550 00:26:17,760 ~-~-> 00:26:21,930
1551 this, okay. And then looking forward to moving even higher,
1552
1553 389
1554 00:26:22,050 ~-~-> 00:26:25,680
1555 you know, this could be your trade in this consolidation or
1556
1557 390
1558 00:26:25,680 ~-~-> 00:26:30,540
1559 pause to here or devaluation beginning to end here, this
1560
1561 391
1562 00:26:30,540 ~-~-> 00:26:34,410
1563 could be their whole trading career. This is this one
1564
1565 392
1566 00:26:34,410 ~-~-> 00:26:41,040
1567 pattern, this one portion of the fractal just so you can see
1568
1569 393
1570 00:26:41,040 ~-~-> 00:26:43,800
1571 how it could be utilized. And again, I don't teach this and
1572
1573 394
1574 00:26:43,800 ~-~-> 00:26:47,490
1575 I don't advocate it but just so you can see it. You could be
1576
1577 395
1578 00:26:47,580 ~-~-> 00:26:51,030
1579 a scalper and see a higher timeframe resistance level like
1580
1581 396
1582 00:26:51,030 ~-~-> 00:26:54,480
1583 that. And then when price breaks down in here, these small
1584
1585 397
1586 00:26:54,480 ~-~-> 00:26:57,390
1587 little price swings inside this area here. Using fit
1588
1589 398
1590 00:26:57,390 ~-~-> 00:26:59,880
1591 extensions. You could be taking profits down here in this
1592
1593 399
1594 00:26:59,880 ~-~-> 00:27:03,510
1595 case Be Your scalping career here. Okay, you could be doing
1596
1597 400
1598 00:27:03,510 ~-~-> 00:27:08,490
1599 that once a day and just be done, make 10 1520 pips and be
1600
1601 401
1602 00:27:08,490 ~-~-> 00:27:11,460
1603 walking and walking out the door sealer. Again, I don't
1604
1605 402
1606 00:27:11,520 ~-~-> 00:27:13,560
1607 trade like that. I don't teach that. But I just want to show
1608
1609 403
1610 00:27:13,560 ~-~-> 00:27:18,060
1611 you the universalism to this pattern. It's easily applied to
1612
1613 404
1614 00:27:18,270 ~-~-> 00:27:22,020
1615 all types of trading styles. But generally, we're looking
1616
1617 405
1618 00:27:22,020 ~-~-> 00:27:24,120
1619 for this area here to sell into a higher time frame
1620
1621 406
1622 00:27:24,120 ~-~-> 00:27:28,530
1623 resistance level with this premise unfolding. Okay, the
1624
1625 407
1626 00:27:28,530 ~-~-> 00:27:31,860
1627 larger leg in price is going to be the high down to the low
1628
1629 408
1630 00:27:31,860 ~-~-> 00:27:36,000
1631 blowing out the previous consolidation. All right. Now some
1632
1633 409
1634 00:27:36,000 ~-~-> 00:27:38,730
1635 of you probably already recognize this pattern that seen my
1636
1637 410
1638 00:27:38,730 ~-~-> 00:27:44,310
1639 London open trading video that I released a couple years ago
1640
1641 411
1642 00:27:44,310 ~-~-> 00:27:46,170
1643 but I took down because I really wasn't pleased with the
1644
1645 412
1646 00:27:46,170 ~-~-> 00:27:49,980
1647 overall presentation of it. So I am revamping it. And that's
1648
1649 413
1650 00:27:49,980 ~-~-> 00:27:53,310
1651 what part seven is really highlighting into this into the
1652
1653 414
1654 00:27:53,310 ~-~-> 00:27:57,480
1655 center folder flagship of that module, my London open
1656
1657 415
1658 00:27:57,840 ~-~-> 00:28:04,050
1659 tactics but this area here, between here is high in this low
1660
1661 416
1662 00:28:04,140 ~-~-> 00:28:08,040
1663 This is the lions portion of the move. And this is a very
1664
1665 417
1666 00:28:08,040 ~-~-> 00:28:12,660
1667 easy aspect of this route fractal this this pattern or leg
1668
1669 418
1670 00:28:12,660 ~-~-> 00:28:16,530
1671 of the pattern is what we're looking for. Okay now inside
1672
1673 419
1674 00:28:16,530 ~-~-> 00:28:19,920
1675 these red boxes you could see type two trend following again
1676
1677 420
1678 00:28:21,120 ~-~-> 00:28:22,230
1679 I see reflections
1680
1681 421
1682 00:28:23,880 ~-~-> 00:28:26,610
1683 continuation patterns of all sorts okay and obviously
1684
1685 422
1686 00:28:26,610 ~-~-> 00:28:30,150
1687 optimal trade entries from previous highs retracing, okay
1688
1689 423
1690 00:28:30,150 ~-~-> 00:28:33,660
1691 and every retracement should set up into another optimal
1692
1693 424
1694 00:28:33,660 ~-~-> 00:28:37,140
1695 trade entries going lower reaching for this area of
1696
1697 425
1698 00:28:37,140 ~-~-> 00:28:39,540
1699 consolidation where underneath it will be resting stops. And
1700
1701 426
1702 00:28:39,540 ~-~-> 00:28:42,420
1703 again, we're looking to take profits at logical areas of
1704
1705 427
1706 00:28:42,420 ~-~-> 00:28:44,730
1707 where stop loss orders would be okay.
1708
1709 428
1710 00:28:50,880 ~-~-> 00:28:55,890
1711 All right market structure. Ooh, look at this. It's not the
1712
1713 429
1714 00:28:55,890 ~-~-> 00:28:59,160
1715 best obviously, but it will accomplish the means I'm sure
1716
1717 430
1718 00:29:00,450 ~-~-> 00:29:04,140
1719 When you're looking at price action, okay? It's probably
1720
1721 431
1722 00:29:04,140 ~-~-> 00:29:07,560
1723 easier. Okay. And this is how I did it as well. Well, my
1724
1725 432
1726 00:29:07,560 ~-~-> 00:29:12,150
1727 computer when I started utilizing computer charting, and not
1728
1729 433
1730 00:29:12,150 ~-~-> 00:29:14,760
1731 use paper charting, because I started as commodity trading,
1732
1733 434
1734 00:29:14,760 ~-~-> 00:29:18,090
1735 I actually actually drew my bars vertically, put a little
1736
1737 435
1738 00:29:18,210 ~-~-> 00:29:21,270
1739 open tick to the left and close tick to the right. And I did
1740
1741 436
1742 00:29:21,270 ~-~-> 00:29:23,700
1743 that for all the commodities I traded. And at the time, I
1744
1745 437
1746 00:29:23,700 ~-~-> 00:29:26,130
1747 was doing about 15 different markets, which is stupid
1748
1749 438
1750 00:29:26,130 ~-~-> 00:29:27,960
1751 because I didn't know what I was doing. I thought I had been
1752
1753 439
1754 00:29:27,960 ~-~-> 00:29:35,730
1755 everything. But I learned, hey, I found out by taking a step
1756
1757 440
1758 00:29:35,760 ~-~-> 00:29:40,560
1759 back. Okay, and looking at the charts on my screen from
1760
1761 441
1762 00:29:40,560 ~-~-> 00:29:44,580
1763 across the room, I could see the price swings, very easy
1764
1765 442
1766 00:29:44,580 ~-~-> 00:29:50,160
1767 that way. And it really was the premise that I was always
1768
1769 443
1770 00:29:50,640 ~-~-> 00:29:53,580
1771 too zoomed in. I needed to be on that one minute chart. I
1772
1773 444
1774 00:29:53,580 ~-~-> 00:29:55,320
1775 need to be on that five minute chart because that's where
1776
1777 445
1778 00:29:55,320 ~-~-> 00:29:58,140
1779 the money is going to happen. And it's not how it works.
1780
1781 446
1782 00:29:58,170 ~-~-> 00:30:02,610
1783 Okay. So this depiction of market structure hopefully and if
1784
1785 447
1786 00:30:02,610 ~-~-> 00:30:05,850
1787 you don't see this, try that. Put your computer screen on
1788
1789 448
1790 00:30:06,540 ~-~-> 00:30:09,840
1791 and watch this video or watch your charts. Okay and instead
1792
1793 449
1794 00:30:09,840 ~-~-> 00:30:13,470
1795 across the room, okay, and just look at it. Do you see the
1796
1797 450
1798 00:30:13,470 ~-~-> 00:30:16,170
1799 price swings on this chart? It's obviously not a price
1800
1801 451
1802 00:30:16,170 ~-~-> 00:30:22,290
1803 chart, it's hand drawn diagram that I've made in just paint
1804
1805 452
1806 00:30:22,650 ~-~-> 00:30:26,490
1807 on the computer. Okay, just for simple, crude demonstration.
1808
1809 453
1810 00:30:26,940 ~-~-> 00:30:30,840
1811 But hopefully you can see the price swings. Here you have
1812
1813 454
1814 00:30:31,440 ~-~-> 00:30:36,600
1815 this leg up. Then you have this leg down. a retracement.
1816
1817 455
1818 00:30:36,630 ~-~-> 00:30:40,050
1819 Then you have the second leg lower. You have this price
1820
1821 456
1822 00:30:40,050 ~-~-> 00:30:43,890
1823 swing up. You have a retracement then you had a second leg
1824
1825 457
1826 00:30:43,890 ~-~-> 00:30:47,880
1827 up. Okay. Now looking at that you can see peaks and troughs,
1828
1829 458
1830 00:30:48,060 ~-~-> 00:30:53,670
1831 highs and lows. Okay. And that looks more or less like this.
1832
1833 459
1834 00:30:53,790 ~-~-> 00:30:57,060
1835 Okay, you can see that we do have short term highs and lows
1836
1837 460
1838 00:30:57,060 ~-~-> 00:31:00,000
1839 in the marketplace here. assuming this is a currency pair
1840
1841 461
1842 00:31:00,000 ~-~-> 00:31:03,900
1843 Our stock. Now these little circles, okay are essentially
1844
1845 462
1846 00:31:03,900 ~-~-> 00:31:09,600
1847 what we used to call ring highs and ring lows. Okay, this is
1848
1849 463
1850 00:31:09,600 ~-~-> 00:31:12,360
1851 a premise I learned from Larry Williams. And whenever the
1852
1853 464
1854 00:31:12,360 ~-~-> 00:31:15,900
1855 market made a short term high or low, that would be a low
1856
1857 465
1858 00:31:16,320 ~-~-> 00:31:19,410
1859 with two higher lows on both sides of it. So it's a three
1860
1861 466
1862 00:31:19,410 ~-~-> 00:31:23,580
1863 bar pattern. And whenever you had a high with a lower high
1864
1865 467
1866 00:31:23,580 ~-~-> 00:31:26,400
1867 on both sides of it, again, three bar pattern, that's a
1868
1869 468
1870 00:31:26,400 ~-~-> 00:31:29,520
1871 swing high. Whenever that appeared on our daily charts, we
1872
1873 469
1874 00:31:29,520 ~-~-> 00:31:32,790
1875 would make a little ring around that or circle it. Okay, and
1876
1877 470
1878 00:31:32,820 ~-~-> 00:31:39,030
1879 how those levels mapped out comparable to each other. Okay,
1880
1881 471
1882 00:31:39,060 ~-~-> 00:31:43,050
1883 you can discern the overall trend of the marketplace without
1884
1885 472
1886 00:31:43,050 ~-~-> 00:31:45,540
1887 having trend lines on your chart, without having moving
1888
1889 473
1890 00:31:45,540 ~-~-> 00:31:49,950
1891 averages on your chart without having any real anything just
1892
1893 474
1894 00:31:49,950 ~-~-> 00:31:52,710
1895 except for price price telling you what the trend is okay.
1896
1897 475
1898 00:31:53,310 ~-~-> 00:31:57,720
1899 And because I'm a swing trader by nature, this to me makes
1900
1901 476
1902 00:31:57,750 ~-~-> 00:32:01,260
1903 greater sense than having moving averages. trend lines and
1904
1905 477
1906 00:32:01,260 ~-~-> 00:32:04,710
1907 looking for the picture perfect trend line or trend up or
1908
1909 478
1910 00:32:04,710 ~-~-> 00:32:07,920
1911 trend down. They don't last like that guys, and when you see
1912
1913 479
1914 00:32:07,920 ~-~-> 00:32:10,740
1915 it clearly as a trend, it's over. Okay, that's about when
1916
1917 480
1918 00:32:10,740 ~-~-> 00:32:14,520
1919 it's reversing or it's about to reverse soon. So by looking
1920
1921 481
1922 00:32:14,520 ~-~-> 00:32:19,050
1923 at price in terms of swings, okay, that's what helped me as
1924
1925 482
1926 00:32:19,050 ~-~-> 00:32:22,620
1927 a trader taking small segments of the market and breaking it
1928
1929 483
1930 00:32:22,620 ~-~-> 00:32:26,760
1931 down incrementally module, okay, and in digesting it like
1932
1933 484
1934 00:32:26,760 ~-~-> 00:32:31,170
1935 that, I learned that you can be very consistent and seeing
1936
1937 485
1938 00:32:31,170 ~-~-> 00:32:35,340
1939 where specific price moves up and down will unfold. But
1940
1941 486
1942 00:32:35,370 ~-~-> 00:32:38,700
1943 looking at this chart here, it's pretty obvious that these
1944
1945 487
1946 00:32:38,700 ~-~-> 00:32:42,000
1947 are short term highs and lows. But if you haven't already
1948
1949 488
1950 00:32:42,000 ~-~-> 00:32:50,730
1951 noticed, there's other highs and lows here. Notice that we
1952
1953 489
1954 00:32:50,730 ~-~-> 00:32:56,580
1955 have the blue rings here, okay. These little areas are
1956
1957 490
1958 00:32:56,940 ~-~-> 00:33:01,470
1959 intermediate term highs and lows. Sounds cool, doesn't it?
1960
1961 491
1962 00:33:02,700 ~-~-> 00:33:05,970
1963 Well, essentially what that means is you're you have a high.
1964
1965 492
1966 00:33:06,360 ~-~-> 00:33:08,550
1967 And now I'm assuming here that there was something on the
1968
1969 493
1970 00:33:08,550 ~-~-> 00:33:10,500
1971 other side here. So again, this is just a crude
1972
1973 494
1974 00:33:10,500 ~-~-> 00:33:13,980
1975 demonstration of what I see in the marketplace in terms of
1976
1977 495
1978 00:33:13,980 ~-~-> 00:33:17,940
1979 market structure. There's a lot of guys on YouTube talking
1980
1981 496
1982 00:33:17,940 ~-~-> 00:33:21,750
1983 about market structure. A lot of forex, quote unquote
1984
1985 497
1986 00:33:21,750 ~-~-> 00:33:25,170
1987 mentors, talking about market structure, okay, but I don't
1988
1989 498
1990 00:33:25,170 ~-~-> 00:33:29,520
1991 think they utilize it in the capacity that I'm teaching
1992
1993 499
1994 00:33:29,520 ~-~-> 00:33:33,330
1995 here. And I'm not claiming originality here guys, I'm all
1996
1997 500
1998 00:33:33,330 ~-~-> 00:33:36,900
1999 I'm doing is passing the baton to you. I learned it from
2000
2001 501
2002 00:33:36,900 ~-~-> 00:33:39,690
2003 Larry Williams, one of the best traders there is in terms of
2004
2005 502
2006 00:33:41,280 ~-~-> 00:33:42,870
2007 price action. And
2008
2009 503
2010 00:33:44,490 ~-~-> 00:33:47,280
2011 you may see him as a price trader in terms of price
2012
2013 504
2014 00:33:47,280 ~-~-> 00:33:51,750
2015 patterns. But you know, his early works in terms of market
2016
2017 505
2018 00:33:51,750 ~-~-> 00:33:56,760
2019 structure and that nature manages time timeless, they are
2020
2021 506
2022 00:33:56,850 ~-~-> 00:33:59,880
2023 absolutely gems. If you can get hold anything les Williams
2024
2025 507
2026 00:33:59,880 ~-~-> 00:34:03,780
2027 did Early on all his his books, great things is good.
2028
2029 508
2030 00:34:05,670 ~-~-> 00:34:11,730
2031 Looking at this overall crew diagram, okay, now by looking
2032
2033 509
2034 00:34:11,730 ~-~-> 00:34:17,070
2035 at it when you see a short term high here with a high in a
2036
2037 510
2038 00:34:17,070 ~-~-> 00:34:21,660
2039 short term high lower. So now what you have a high here with
2040
2041 511
2042 00:34:21,690 ~-~-> 00:34:25,800
2043 a lower high on both sides of it, this is an enemy term
2044
2045 512
2046 00:34:25,800 ~-~-> 00:34:33,210
2047 high. Okay? If you have a enemy term high over here with an
2048
2049 513
2050 00:34:33,210 ~-~-> 00:34:37,680
2051 intermediate term high over here. This makes this a long
2052
2053 514
2054 00:34:37,680 ~-~-> 00:34:41,220
2055 term high. So intermediate term high and long term highs and
2056
2057 515
2058 00:34:41,220 ~-~-> 00:34:44,730
2059 lows. Those are the specific swings in the marketplace that
2060
2061 516
2062 00:34:44,730 ~-~-> 00:34:51,360
2063 you're looking for. So having a market or chart rather,
2064
2065 517
2066 00:34:51,990 ~-~-> 00:34:54,960
2067 noting all the swing highs and lows on a short term basis.
2068
2069 518
2070 00:34:55,410 ~-~-> 00:34:59,490
2071 It may seem daunting at first, but by doing that, you'll
2072
2073 519
2074 00:34:59,490 ~-~-> 00:35:04,290
2075 start seeing There's specific highs that are higher than two
2076
2077 520
2078 00:35:04,500 ~-~-> 00:35:07,980
2079 previous short term highs. Again that being an intermediate
2080
2081 521
2082 00:35:07,980 ~-~-> 00:35:12,720
2083 term high if you see that enemy term high with lower enemy
2084
2085 522
2086 00:35:12,720 ~-~-> 00:35:16,110
2087 term highs on both sides of it, that will classify that as a
2088
2089 523
2090 00:35:16,200 ~-~-> 00:35:22,710
2091 long term high. Okay. Now as price breaks down, okay and you
2092
2093 524
2094 00:35:22,710 ~-~-> 00:35:26,640
2095 start seeing enemy term lows and then you have another enemy
2096
2097 525
2098 00:35:26,670 ~-~-> 00:35:31,950
2099 term low if we break market structure at any time in here,
2100
2101 526
2102 00:35:32,250 ~-~-> 00:35:34,980
2103 okay, that means breaking short short term highs and lows in
2104
2105 527
2106 00:35:34,980 ~-~-> 00:35:39,720
2107 here. We break this short term high here. Now market
2108
2109 528
2110 00:35:39,720 ~-~-> 00:35:43,890
2111 structures broken to the upside. Okay, price comes down,
2112
2113 529
2114 00:35:44,310 ~-~-> 00:35:48,960
2115 makes a low but it never breaks that long term or
2116
2117 530
2118 00:35:48,960 ~-~-> 00:35:52,500
2119 intermediate term low here. It rallies up and again breaks
2120
2121 531
2122 00:35:52,500 ~-~-> 00:35:55,470
2123 its previous high here so we're breaking highs and
2124
2125 532
2126 00:35:55,470 ~-~-> 00:35:59,490
2127 maintaining higher lows. Okay. Do you see a trend line on
2128
2129 533
2130 00:35:59,490 ~-~-> 00:36:04,290
2131 this chart? No, you don't need them. Okay? You see a moving
2132
2133 534
2134 00:36:04,290 ~-~-> 00:36:08,940
2135 average on this chart? No, you don't need them. Okay. So as
2136
2137 535
2138 00:36:08,940 ~-~-> 00:36:12,150
2139 price starts to break highs and here you see market
2140
2141 536
2142 00:36:12,150 ~-~-> 00:36:15,180
2143 structure being bullish. Eventually at some point, you'll
2144
2145 537
2146 00:36:15,180 ~-~-> 00:36:19,500
2147 see the intermediate term high here formed. Now look, here
2148
2149 538
2150 00:36:19,500 ~-~-> 00:36:26,490
2151 is the main thing I want you to see. If you missed this,
2152
2153 539
2154 00:36:26,730 ~-~-> 00:36:30,090
2155 getting long, and you miss this opportunity to get long in
2156
2157 540
2158 00:36:30,090 ~-~-> 00:36:33,840
2159 sync with it, if you see an intermediate term high, take out
2160
2161 541
2162 00:36:33,840 ~-~-> 00:36:37,050
2163 a previous intermediate term. Hi. Is market structure
2164
2165 542
2166 00:36:37,050 ~-~-> 00:36:45,000
2167 bullish or bearish? It's bullish. Okay. It's bullish. So,
2168
2169 543
2170 00:36:45,210 ~-~-> 00:36:47,760
2171 even though you'll start seeing these short term lows and
2172
2173 544
2174 00:36:47,760 ~-~-> 00:36:50,610
2175 highs in here, I think this is what gets everybody confused
2176
2177 545
2178 00:36:50,850 ~-~-> 00:36:55,680
2179 is okay. Well, market flow has broken to the downside here.
2180
2181 546
2182 00:36:55,680 ~-~-> 00:37:00,810
2183 So now I'm only going to be looking to be a seller why Why
2184
2185 547
2186 00:37:00,840 ~-~-> 00:37:05,370
2187 What are you thinking? That's not as important as the
2188
2189 548
2190 00:37:05,370 ~-~-> 00:37:08,910
2191 overall market structure. Market flow is gonna go up and now
2192
2193 549
2194 00:37:08,910 ~-~-> 00:37:11,340
2195 all the time, then upon whatever timeframe you're looking
2196
2197 550
2198 00:37:11,340 ~-~-> 00:37:16,890
2199 at, if this is a daily chart, okay, this being a bearish
2200
2201 551
2202 00:37:16,890 ~-~-> 00:37:20,460
2203 market flow here, that's fine if you're a day trader, you
2204
2205 552
2206 00:37:20,460 ~-~-> 00:37:25,380
2207 might even see trade lower. But generally, you're in a
2208
2209 553
2210 00:37:25,380 ~-~-> 00:37:27,900
2211 bullish market environment as this intermediate term high
2212
2213 554
2214 00:37:27,930 ~-~-> 00:37:31,650
2215 broke above a previous intermediate term high. So the trend
2216
2217 555
2218 00:37:32,070 ~-~-> 00:37:35,670
2219 okay is bullish, the market structure is bullish, I would
2220
2221 556
2222 00:37:35,670 ~-~-> 00:37:39,750
2223 expect to see expansion to the upside, okay, or another new
2224
2225 557
2226 00:37:39,750 ~-~-> 00:37:43,020
2227 leg up. What do you mean by that? What's the previous leg?
2228
2229 558
2230 00:37:43,020 ~-~-> 00:37:46,410
2231 Well, here's the enemy term high, whereas me term low or
2232
2233 559
2234 00:37:46,410 ~-~-> 00:37:50,910
2235 long term low prior to it down here. So I'll be utilizing
2236
2237 560
2238 00:37:50,910 ~-~-> 00:37:54,570
2239 this swing from this low to this high. At some point when
2240
2241 561
2242 00:37:54,570 ~-~-> 00:37:58,080
2243 the market makes a low that's tradable. Okay, I would look
2244
2245 562
2246 00:37:58,080 ~-~-> 00:38:00,930
2247 for that same price move from this high To this loan terms
2248
2249 563
2250 00:38:00,930 ~-~-> 00:38:03,930
2251 of range, I would add it to whatever that buying point is to
2252
2253 564
2254 00:38:03,930 ~-~-> 00:38:08,700
2255 the upside. Okay, now give me give me my measured move type
2256
2257 565
2258 00:38:08,700 ~-~-> 00:38:13,320
2259 of analysis. Okay? So even though we'd start seeing all
2260
2261 566
2262 00:38:13,320 ~-~-> 00:38:17,010
2263 these little short term lows breaking in, it looks like
2264
2265 567
2266 00:38:17,010 ~-~-> 00:38:20,520
2267 market flow, which is not what I'm teaching here. I'm
2268
2269 568
2270 00:38:20,520 ~-~-> 00:38:23,490
2271 teaching market structure. Okay, because that's to me is
2272
2273 569
2274 00:38:23,490 ~-~-> 00:38:26,730
2275 much more significant, much more stronger in terms of
2276
2277 570
2278 00:38:26,730 ~-~-> 00:38:32,220
2279 analysis that break above an intermediate term high here.
2280
2281 571
2282 00:38:33,090 ~-~-> 00:38:36,330
2283 That to me is significant, because now even though we see a
2284
2285 572
2286 00:38:36,360 ~-~-> 00:38:40,110
2287 retracement, all that's going to be is a low
2288
2289 573
2290 00:38:41,460 ~-~-> 00:38:44,010
2291 to that intermediate term high as it retraces, what's it
2292
2293 574
2294 00:38:44,010 ~-~-> 00:38:46,080
2295 going to go? It's going to retrace down to optimal trade
2296
2297 575
2298 00:38:46,080 ~-~-> 00:38:49,200
2299 entry. I'm going to buy that and once it has its first
2300
2301 576
2302 00:38:49,200 ~-~-> 00:38:52,380
2303 impulse off of that if I missed it, the first retracement
2304
2305 577
2306 00:38:52,380 ~-~-> 00:38:54,540
2307 there, that's where I'm buying for an optimal trade entry.
2308
2309 578
2310 00:38:54,990 ~-~-> 00:38:59,790
2311 So this is how you start anticipating. Okay, these fractal
2312
2313 579
2314 00:38:59,790 ~-~-> 00:39:03,810
2315 pattern tends to unfold. Okay, these buy and sell models on
2316
2317 580
2318 00:39:03,810 ~-~-> 00:39:06,390
2319 the market maker profile, okay, because you'll start seeing
2320
2321 581
2322 00:39:06,390 ~-~-> 00:39:09,960
2323 these things unfold with this premise in mind. Okay, so
2324
2325 582
2326 00:39:09,990 ~-~-> 00:39:14,250
2327 we've hopefully arrived that where we determined a bullish
2328
2329 583
2330 00:39:14,250 ~-~-> 00:39:22,590
2331 or bearish market structure. Okay. Alright, we are looking
2332
2333 584
2334 00:39:22,620 ~-~-> 00:39:27,900
2335 at a mountain and it's not a mountain guys, this is
2336
2337 585
2338 00:39:28,170 ~-~-> 00:39:34,140
2339 depicting a rather crude overall swing high, okay or a
2340
2341 586
2342 00:39:34,170 ~-~-> 00:39:38,010
2343 upswing in the marketplace, okay, that we would utilize for
2344
2345 587
2346 00:39:38,010 ~-~-> 00:39:41,970
2347 going short. Okay, because our belief as professional
2348
2349 588
2350 00:39:41,970 ~-~-> 00:39:45,360
2351 traders using technical analysis and price action, price
2352
2353 589
2354 00:39:45,360 ~-~-> 00:39:50,370
2355 action is engineered to go up first to go down. Okay, so
2356
2357 590
2358 00:39:50,370 ~-~-> 00:39:53,070
2359 price goes up to go down, and price goes down to go up.
2360
2361 591
2362 00:39:54,570 ~-~-> 00:40:02,820
2363 Looking at this crude depiction of a market swing up If you
2364
2365 592
2366 00:40:02,850 ~-~-> 00:40:07,410
2367 add to that, levels of pre determined key support resistance
2368
2369 593
2370 00:40:07,410 ~-~-> 00:40:11,940
2371 levels, okay. And then what you would anticipate, okay,
2372
2373 594
2374 00:40:11,940 ~-~-> 00:40:15,810
2375 you're going to anticipate at some point over here, price
2376
2377 595
2378 00:40:15,810 ~-~-> 00:40:21,090
2379 may rally up, but as price rallies up, okay. If we have a
2380
2381 596
2382 00:40:21,090 ~-~-> 00:40:24,720
2383 bullish market structure, think now if price is trading
2384
2385 597
2386 00:40:24,750 ~-~-> 00:40:30,630
2387 around in this area here if prices at this point bullish on
2388
2389 598
2390 00:40:30,630 ~-~-> 00:40:34,200
2391 the market structure, and this is a key support resistance
2392
2393 599
2394 00:40:34,200 ~-~-> 00:40:38,520
2395 level, okay, if price is going up to it, do we anticipate
2396
2397 600
2398 00:40:38,550 ~-~-> 00:40:42,450
2399 price to trade here and trade lower? Or do we anticipate
2400
2401 601
2402 00:40:42,450 ~-~-> 00:40:46,140
2403 price breaking that and coming back to it and finding
2404
2405 602
2406 00:40:46,140 ~-~-> 00:40:51,300
2407 support? Hopefully the latter, okay. The higher time frame
2408
2409 603
2410 00:40:51,300 ~-~-> 00:40:54,870
2411 premise is going to have more weight. So if we are looking
2412
2413 604
2414 00:40:54,870 ~-~-> 00:41:00,000
2415 for bullish prices, we're going to have more influence or x
2416
2417 605
2418 00:41:00,000 ~-~-> 00:41:03,930
2419 dictation rather, on seeing support and resistance levels
2420
2421 606
2422 00:41:03,930 ~-~-> 00:41:06,900
2423 being broken to the upside, and eventually coming back and
2424
2425 607
2426 00:41:06,900 ~-~-> 00:41:10,410
2427 finding support. So these levels, we would have more
2428
2429 608
2430 00:41:10,950 ~-~-> 00:41:13,950
2431 credibility established on the fact that it's going to break
2432
2433 609
2434 00:41:13,950 ~-~-> 00:41:17,400
2435 as resistance but then come back and find the support. Same
2436
2437 610
2438 00:41:17,400 ~-~-> 00:41:20,310
2439 thing here as price rallies up through this level here. We
2440
2441 611
2442 00:41:20,310 ~-~-> 00:41:24,600
2443 expect it to give way on the upside, but then find likely
2444
2445 612
2446 00:41:24,600 ~-~-> 00:41:27,870
2447 support here later on. Okay, if it trades back to it, same
2448
2449 613
2450 00:41:27,870 ~-~-> 00:41:30,450
2451 thing as we're trading up to these resistance levels, we
2452
2453 614
2454 00:41:30,450 ~-~-> 00:41:33,540
2455 would anticipate price giving way as broken resistance, but
2456
2457 615
2458 00:41:33,600 ~-~-> 00:41:38,010
2459 we'll lend support. Okay, again, we get to a higher
2460
2461 616
2462 00:41:38,010 ~-~-> 00:41:42,510
2463 timeframe key resistance level, okay. When we see this, this
2464
2465 617
2466 00:41:42,510 ~-~-> 00:41:46,470
2467 may be a very higher timeframe daily, weekly, monthly, okay,
2468
2469 618
2470 00:41:46,500 ~-~-> 00:41:49,950
2471 or it could be a big figure on top of it. It could be a
2472
2473 619
2474 00:41:49,950 ~-~-> 00:41:52,950
2475 monthly high on top of a key resistance level, a lot of
2476
2477 620
2478 00:41:52,950 ~-~-> 00:41:56,490
2479 factors overlapping this specific price point making it a
2480
2481 621
2482 00:41:56,490 ~-~-> 00:42:01,170
2483 key level. We would anticipate the reversal here And then
2484
2485 622
2486 00:42:01,170 ~-~-> 00:42:05,130
2487 obviously, with that expectation we want to dissipate to
2488
2489 623
2490 00:42:05,130 ~-~-> 00:42:08,160
2491 support levels to start breaking down. And then once they're
2492
2493 624
2494 00:42:08,160 ~-~-> 00:42:11,550
2495 broken, we would anticipate those support levels to be more
2496
2497 625
2498 00:42:11,550 ~-~-> 00:42:14,670
2499 influential in price in terms of resistance. Okay, and
2500
2501 626
2502 00:42:14,670 ~-~-> 00:42:17,550
2503 again, going lower this level here, we wouldn't see it
2504
2505 627
2506 00:42:17,610 ~-~-> 00:42:22,290
2507 giveaway as support, break it, and we'll permit price to
2508
2509 628
2510 00:42:22,290 ~-~-> 00:42:25,680
2511 come back to it but lend and anticipate it to be as
2512
2513 629
2514 00:42:25,710 ~-~-> 00:42:29,040
2515 resistance. As price moves lower. Again, we wouldn't see
2516
2517 630
2518 00:42:29,040 ~-~-> 00:42:32,040
2519 support be broken, but we would be comfortable with it being
2520
2521 631
2522 00:42:32,040 ~-~-> 00:42:35,910
2523 retested as resistance and then trading lower obviously into
2524
2525 632
2526 00:42:35,910 ~-~-> 00:42:38,850
2527 our objectives. So what does that really look like in terms
2528
2529 633
2530 00:42:38,850 ~-~-> 00:42:43,620
2531 of price swings with that same model? Well, here's a crude
2532
2533 634
2534 00:42:43,620 ~-~-> 00:42:44,490
2535 example. Obviously,
2536
2537 635
2538 00:42:45,780 ~-~-> 00:42:48,660
2539 we'd see price straight up to these levels, maybe even offer
2540
2541 636
2542 00:42:48,660 ~-~-> 00:42:51,990
2543 very, very short term resistance and that was what we
2544
2545 637
2546 00:42:52,050 ~-~-> 00:42:57,090
2547 expect, okay, but we're really anticipating price to break
2548
2549 638
2550 00:42:57,090 ~-~-> 00:43:01,440
2551 through these levels as price moves higher. permit price to
2552
2553 639
2554 00:43:01,440 ~-~-> 00:43:04,770
2555 find support there. But being cognizant to the fact that
2556
2557 640
2558 00:43:04,770 ~-~-> 00:43:08,730
2559 price is not going to always stop on a dime, allowing
2560
2561 641
2562 00:43:08,730 ~-~-> 00:43:13,740
2563 slipping through our predetermine levels. Now, when price
2564
2565 642
2566 00:43:13,740 ~-~-> 00:43:18,300
2567 does that this creates new shorter term support resistance
2568
2569 643
2570 00:43:18,300 ~-~-> 00:43:20,490
2571 levels. So while these may be higher time frame support
2572
2573 644
2574 00:43:20,490 ~-~-> 00:43:25,980
2575 resistance levels, respectively. As price moves and gyrates
2576
2577 645
2578 00:43:25,980 ~-~-> 00:43:28,920
2579 between these levels, it's going to create new support
2580
2581 646
2582 00:43:28,920 ~-~-> 00:43:32,190
2583 resistance levels on a lower timeframe. So they're going to
2584
2585 647
2586 00:43:32,190 ~-~-> 00:43:36,510
2587 be useful to us in terms of short term trading. And
2588
2589 648
2590 00:43:37,140 ~-~-> 00:43:40,380
2591 obviously, the better signals will build around the higher
2592
2593 649
2594 00:43:40,380 ~-~-> 00:43:43,830
2595 time frame support resistance levels, but don't be afraid to
2596
2597 650
2598 00:43:43,830 ~-~-> 00:43:48,780
2599 take trades in sync with the overall model. Okay, or
2600
2601 651
2602 00:43:48,780 ~-~-> 00:43:52,440
2603 direction if it provides it even if it's on a shorter term,
2604
2605 652
2606 00:43:52,710 ~-~-> 00:43:55,740
2607 so in other words, if this is a daily, okay, these short
2608
2609 653
2610 00:43:55,740 ~-~-> 00:43:59,640
2611 term lows in here can be traded on a one hour 15 minute
2612
2613 654
2614 00:43:59,640 ~-~-> 00:44:03,090
2615 basis. And surely with a five minute chart, okay, getting in
2616
2617 655
2618 00:44:03,090 ~-~-> 00:44:06,600
2619 sync with the higher timeframe surge up into a higher time
2620
2621 656
2622 00:44:06,600 ~-~-> 00:44:11,490
2623 frame resistance level and then slide lower on the other
2624
2625 657
2626 00:44:11,490 ~-~-> 00:44:14,970
2627 side of this fractal. Okay. So again as price starts to
2628
2629 658
2630 00:44:14,970 ~-~-> 00:44:17,820
2631 break down over here and market structure broken, you can
2632
2633 659
2634 00:44:17,820 ~-~-> 00:44:20,490
2635 get your standard optimal trade entry bearish patterns, okay
2636
2637 660
2638 00:44:20,490 ~-~-> 00:44:23,790
2639 and then you will start seeing these levels provide you
2640
2641 661
2642 00:44:23,790 ~-~-> 00:44:28,680
2643 resistance, okay and if it trades to support, it should be
2644
2645 662
2646 00:44:28,680 ~-~-> 00:44:31,980
2647 very short term very little momentum up. Okay, that's what
2648
2649 663
2650 00:44:31,980 ~-~-> 00:44:34,680
2651 you're looking for the key is you want to see very little
2652
2653 664
2654 00:44:34,680 ~-~-> 00:44:38,250
2655 bounce to the upside. That's your clue that the levels are
2656
2657 665
2658 00:44:38,250 ~-~-> 00:44:41,700
2659 going to break down as support but will be more influential
2660
2661 666
2662 00:44:41,700 ~-~-> 00:44:44,730
2663 as resistance on this side, much in the same capacity on the
2664
2665 667
2666 00:44:44,730 ~-~-> 00:44:49,080
2667 reverse as prices moving up here that these levels will
2668
2669 668
2670 00:44:49,080 ~-~-> 00:44:52,440
2671 provide very short term resistance but events a giveaway but
2672
2673 669
2674 00:44:52,710 ~-~-> 00:45:00,180
2675 be very influential in terms of finding support machines In
2676
2677 670
2678 00:45:00,180 ~-~-> 00:45:05,880
2679 capacity of looking for price swings higher for selling dips
2680
2681 671
2682 00:45:05,880 ~-~-> 00:45:09,510
2683 in the marketplace obviously are no different just simply
2684
2685 672
2686 00:45:09,510 ~-~-> 00:45:14,340
2687 reversing the rules assuming that we do have key support
2688
2689 673
2690 00:45:14,340 ~-~-> 00:45:18,480
2691 levels, okay, these being noted here, same premise in mind
2692
2693 674
2694 00:45:18,480 ~-~-> 00:45:21,180
2695 that as price was moving lower, were expecting these levels
2696
2697 675
2698 00:45:21,180 ~-~-> 00:45:24,870
2699 to break way and if price trades back to them, again they
2700
2701 676
2702 00:45:24,870 ~-~-> 00:45:28,320
2703 should lend resistance as price trades down into a higher
2704
2705 677
2706 00:45:28,320 ~-~-> 00:45:31,410
2707 timeframe key support level down here. We went anticipate
2708
2709 678
2710 00:45:31,410 ~-~-> 00:45:35,310
2711 that reversal here, okay. And this would be an ideal
2712
2713 679
2714 00:45:35,340 ~-~-> 00:45:40,500
2715 indication to apply the market maker profile for buying
2716
2717 680
2718 00:45:40,710 ~-~-> 00:45:44,760
2719 Okay, the buy model and as price moves up higher, obviously,
2720
2721 681
2722 00:45:44,850 ~-~-> 00:45:48,360
2723 the resistance should be broken, but permitting price to
2724
2725 682
2726 00:45:48,360 ~-~-> 00:45:51,540
2727 come back to find support. Again, looking for price to break
2728
2729 683
2730 00:45:51,540 ~-~-> 00:45:54,330
2731 through but allowing price to come back and find support.
2732
2733 684
2734 00:45:55,020 ~-~-> 00:45:59,280
2735 This is the overall price swing down okay and the concept
2736
2737 685
2738 00:45:59,280 ~-~-> 00:46:03,000
2739 that I use for support resistance and how I measure and
2740
2741 686
2742 00:46:03,000 ~-~-> 00:46:07,590
2743 anticipate a specific price level. And if it's an overall
2744
2745 687
2746 00:46:07,590 ~-~-> 00:46:11,010
2747 profile that's bullish, I'm going to look for resistance to
2748
2749 688
2750 00:46:11,010 ~-~-> 00:46:14,820
2751 provide support more than resistance. Okay, and I'm looking
2752
2753 689
2754 00:46:14,820 ~-~-> 00:46:18,180
2755 for confirmation in that in terms of price action.
2756
2757 690
2758 00:46:21,929 ~-~-> 00:46:23,129
2759 What does that look like? What a
2760
2761 691
2762 00:46:24,929 ~-~-> 00:46:28,169
2763 crude depiction of price. Obviously it looks like this
2764
2765 692
2766 00:46:28,529 ~-~-> 00:46:32,159
2767 levels providing short term support but getting away, coming
2768
2769 693
2770 00:46:32,159 ~-~-> 00:46:35,699
2771 back finding resistance, but permitting slipping, not
2772
2773 694
2774 00:46:36,809 ~-~-> 00:46:40,319
2775 expecting price to always stop on a dime. Looking for
2776
2777 695
2778 00:46:40,319 ~-~-> 00:46:44,099
2779 obviously, all these levels to give way but looking for more
2780
2781 696
2782 00:46:44,339 ~-~-> 00:46:47,909
2783 in terms of these levels of resistance than the RS support,
2784
2785 697
2786 00:46:48,239 ~-~-> 00:46:50,819
2787 then the higher time frame support level, causing the
2788
2789 698
2790 00:46:50,819 ~-~-> 00:46:53,879
2791 reversal. This would be the market maker profile for the
2792
2793 699
2794 00:46:53,879 ~-~-> 00:46:57,629
2795 buy. In obviously looking for upside, breaking all the
2796
2797 700
2798 00:46:57,629 ~-~-> 00:47:01,769
2799 levels as hopefully The market provides little to no
2800
2801 701
2802 00:47:01,799 ~-~-> 00:47:04,919
2803 resistance but lending at these predetermined levels on a
2804
2805 702
2806 00:47:04,919 ~-~-> 00:47:07,919
2807 high timeframe monthly, weekly daily for hour and one hour,
2808
2809 703
2810 00:47:08,039 ~-~-> 00:47:10,979
2811 nothing less than a one hour. There's levels that will be
2812
2813 704
2814 00:47:10,979 ~-~-> 00:47:14,579
2815 clearly discernible in those high timeframes to provide
2816
2817 705
2818 00:47:14,579 ~-~-> 00:47:15,719
2819 support for price.
2820
2821 706
2822 00:47:22,230 ~-~-> 00:47:24,690
2823 Okay, we are looking at the Australian dollar. This is a
2824
2825 707
2826 00:47:24,690 ~-~-> 00:47:27,540
2827 daily chart. Okay, and some of you that were at the webinar
2828
2829 708
2830 00:47:27,570 ~-~-> 00:47:33,600
2831 that I did with Mr. Chris Laurie. We did a webinar together.
2832
2833 709
2834 00:47:33,990 ~-~-> 00:47:38,610
2835 And I highlighted this very level here, the one on 150 on
2836
2837 710
2838 00:47:38,610 ~-~-> 00:47:43,830
2839 the Australian dollar. And before we build on this example,
2840
2841 711
2842 00:47:43,830 ~-~-> 00:47:47,490
2843 I just want to clearly discern, and this is a real quick
2844
2845 712
2846 00:47:47,490 ~-~-> 00:47:51,390
2847 rehash of what was discovered in that presentation. If you
2848
2849 713
2850 00:47:51,390 ~-~-> 00:47:57,420
2851 use this low here, and the high here, this red line here is
2852
2853 714
2854 00:47:57,420 ~-~-> 00:48:01,890
2855 essentially around the 50% mark or level of the range
2856
2857 715
2858 00:48:01,890 ~-~-> 00:48:06,720
2859 between this high and this low and it is a mid figure point.
2860
2861 716
2862 00:48:06,810 ~-~-> 00:48:11,580
2863 In other words, it's a 50 level one on 150. This area here
2864
2865 717
2866 00:48:11,610 ~-~-> 00:48:15,870
2867 is where we'd anticipate an opportunity to get long in here
2868
2869 718
2870 00:48:16,080 ~-~-> 00:48:20,490
2871 or a buy. Okay, so we're going to use this whole thing in
2872
2873 719
2874 00:48:20,490 ~-~-> 00:48:23,430
2875 terms of price action, this small little sampling, okay,
2876
2877 720
2878 00:48:23,969 ~-~-> 00:48:25,019
2879 to how
2880
2881 721
2882 00:48:25,889 ~-~-> 00:48:30,209
2883 you utilize this market maker profile in not just the buying
2884
2885 722
2886 00:48:30,209 ~-~-> 00:48:32,069
2887 scenario, but we're also going to look at how it could be
2888
2889 723
2890 00:48:32,069 ~-~-> 00:48:34,979
2891 utilized in that small little segment of price action. Hey,
2892
2893 724
2894 00:48:34,979 ~-~-> 00:48:36,149
2895 could be a seller as well.
2896
2897 725
2898 00:48:44,639 ~-~-> 00:48:48,839
2899 Alright, we are looking at this specific area in price.
2900
2901 726
2902 00:48:49,709 ~-~-> 00:48:53,699
2903 Okay, this little gray box is going to delineate the very
2904
2905 727
2906 00:48:53,699 ~-~-> 00:48:59,369
2907 nature of a market maker profile. We're going to talk about
2908
2909 728
2910 00:48:59,429 ~-~-> 00:49:05,339
2911 how Using this reversal scenario, okay? Because that's what
2912
2913 729
2914 00:49:05,339 ~-~-> 00:49:08,969
2915 this is being taught here, I'm not teaching you trend
2916
2917 730
2918 00:49:09,299 ~-~-> 00:49:12,629
2919 following short term trading, like the short term trading
2920
2921 731
2922 00:49:12,629 ~-~-> 00:49:18,359
2923 video module does, okay? I emitted the reversal, okay, or
2924
2925 732
2926 00:49:18,659 ~-~-> 00:49:22,709
2927 pure support resistance plays. Okay, that's many times very
2928
2929 733
2930 00:49:22,709 ~-~-> 00:49:25,319
2931 difficult for a lot of traders to do. It's easy to trade
2932
2933 734
2934 00:49:25,319 ~-~-> 00:49:28,979
2935 with the trend. And I teach that first, because it's easy to
2936
2937 735
2938 00:49:28,979 ~-~-> 00:49:32,549
2939 do. This type of trading takes a little bit more finesse,
2940
2941 736
2942 00:49:32,579 ~-~-> 00:49:34,919
2943 and it takes a lot of confidence in your ability to read
2944
2945 737
2946 00:49:34,919 ~-~-> 00:49:37,919
2947 price, and understand what key support resistance levels
2948
2949 738
2950 00:49:37,919 ~-~-> 00:49:42,509
2951 are. But obviously, looking at daily chart, the one on 150
2952
2953 739
2954 00:49:42,509 ~-~-> 00:49:45,689
2955 level, and the fact that was a midpoint of that big large
2956
2957 740
2958 00:49:45,689 ~-~-> 00:49:49,289
2959 range, and just put a one on 150 level on your chart and
2960
2961 741
2962 00:49:49,319 ~-~-> 00:49:52,469
2963 study how many times it has been support resistance over the
2964
2965 742
2966 00:49:52,469 ~-~-> 00:49:56,069
2967 last number of years really, and you'll quickly discern that
2968
2969 743
2970 00:49:56,069 ~-~-> 00:50:00,239
2971 as a key support resistance level. So we're going to drill
2972
2973 744
2974 00:50:00,239 ~-~-> 00:50:03,629
2975 down into this small little box here, okay, essentially and
2976
2977 745
2978 00:50:03,629 ~-~-> 00:50:07,109
2979 break this whole thing down and utilize the market maker
2980
2981 746
2982 00:50:07,109 ~-~-> 00:50:09,599
2983 profile in the Australian dollar.
2984
2985 747
2986 00:50:15,599 ~-~-> 00:50:19,979
2987 Alright, inside that gray box, there's a smaller little
2988
2989 748
2990 00:50:19,979 ~-~-> 00:50:25,559
2991 range. This small little range is where all of the busy bees
2992
2993 749
2994 00:50:25,589 ~-~-> 00:50:31,109
2995 were doing all their work, busy bees and this analogy is the
2996
2997 750
2998 00:50:31,199 ~-~-> 00:50:35,339
2999 smart money. Now, the smart money will accumulate during
3000
3001 751
3002 00:50:35,369 ~-~-> 00:50:38,759
3003 consolidations. Okay, and here's I want you to think for a
3004
3005 752
3006 00:50:38,759 ~-~-> 00:50:43,229
3007 moment imagine smart money, the central banks and the big
3008
3009 753
3010 00:50:43,229 ~-~-> 00:50:47,249
3011 dealers. Okay, the guys that are the movers and shakers in
3012
3013 754
3014 00:50:47,249 ~-~-> 00:50:53,069
3015 the marketplace, okay. If this entity, they were going to
3016
3017 755
3018 00:50:53,159 ~-~-> 00:50:57,899
3019 quote unquote call smart money. Okay. They are the big dogs
3020
3021 756
3022 00:50:57,899 ~-~-> 00:51:02,789
3023 that are big players in the industry. We're gonna more or
3024
3025 757
3026 00:51:02,789 ~-~-> 00:51:06,629
3027 less think of them as a Tyrannosaurus Rex. Okay, the big
3028
3029 758
3030 00:51:06,629 ~-~-> 00:51:10,499
3031 dinosaur, okay. That is the carnivore of all carnivores.
3032
3033 759
3034 00:51:10,499 ~-~-> 00:51:15,779
3035 There they are it. Okay. apex predators by definition if
3036
3037 760
3038 00:51:15,779 ~-~-> 00:51:21,899
3039 this big dinosaur, okay, wants to jump into the poll. All
3040
3041 761
3042 00:51:21,899 ~-~-> 00:51:25,859
3043 right, and the pool being the marketplace. Let's assume for
3044
3045 762
3046 00:51:25,859 ~-~-> 00:51:30,329
3047 a moment, the dinosaur is smart money because it's so big,
3048
3049 763
3050 00:51:30,419 ~-~-> 00:51:33,689
3051 okay, it's so huge in terms of its ability to move the
3052
3053 764
3054 00:51:33,689 ~-~-> 00:51:39,449
3055 marketplace. If this dinosaur Smart Money jumps into the
3056
3057 765
3058 00:51:39,449 ~-~-> 00:51:43,499
3059 pole, what's going to happen? It's going to be a huge
3060
3061 766
3062 00:51:43,529 ~-~-> 00:51:46,829
3063 reaction to the water. Okay, in number one, the water level
3064
3065 767
3066 00:51:46,829 ~-~-> 00:51:49,769
3067 is going to rise up quickly. Okay, and it's gonna make a big
3068
3069 768
3070 00:51:49,799 ~-~-> 00:51:55,019
3071 impact. Okay, a big splash in the market. You see that in
3072
3073 769
3074 00:51:55,019 ~-~-> 00:51:59,279
3075 price action, okay. If there's a lot of buying during a
3076
3077 770
3078 00:51:59,279 ~-~-> 00:52:02,969
3079 consolidation price moves up out of that, okay, and it moves
3080
3081 771
3082 00:52:02,969 ~-~-> 00:52:08,849
3083 quickly. This dinosaur okay knows that it can't buy a lot
3084
3085 772
3086 00:52:08,879 ~-~-> 00:52:12,629
3087 and not move the market. Okay? It's going to create a
3088
3089 773
3090 00:52:12,629 ~-~-> 00:52:17,879
3091 demand. So if it wants to assume a position but it wants to
3092
3093 774
3094 00:52:17,879 ~-~-> 00:52:22,259
3095 get an average price, okay? In other words Smart Money wants
3096
3097 775
3098 00:52:22,259 ~-~-> 00:52:26,339
3099 to get involved here, okay, it sees value here. It'll buy
3100
3101 776
3102 00:52:26,339 ~-~-> 00:52:30,689
3103 some, but because it buys it in such large quantities and
3104
3105 777
3106 00:52:30,689 ~-~-> 00:52:35,879
3107 creates a short term demand for it, okay? It will wane off
3108
3109 778
3110 00:52:35,879 ~-~-> 00:52:40,139
3111 its buying allow price to move back to a more favorable
3112
3113 779
3114 00:52:40,349 ~-~-> 00:52:43,769
3115 point, okay, or equilibrium, okay, and they'll buy a little
3116
3117 780
3118 00:52:43,769 ~-~-> 00:52:46,739
3119 bit more, okay, and as they buy it or rally up even more.
3120
3121 781
3122 00:52:47,069 ~-~-> 00:52:50,309
3123 Now, they don't want to draw too much attention and they
3124
3125 782
3126 00:52:50,309 ~-~-> 00:52:53,309
3127 don't really want to see price move too far away what their
3128
3129 783
3130 00:52:53,309 ~-~-> 00:52:57,089
3131 average hopeful price would be. Okay? So they're looking at
3132
3133 784
3134 00:52:57,089 ~-~-> 00:53:01,739
3135 price eventually moving lower. Okay. moves back lower into
3136
3137 785
3138 00:53:01,739 ~-~-> 00:53:05,639
3139 that same consolidation area, this specific point is where
3140
3141 786
3142 00:53:05,639 ~-~-> 00:53:08,249
3143 they're going to accumulate more of that same position.
3144
3145 787
3146 00:53:08,489 ~-~-> 00:53:11,759
3147 Okay, so they're that dinosaur wanting to get in the pool.
3148
3149 788
3150 00:53:11,939 ~-~-> 00:53:14,339
3151 So they're going to go in that water, one leg at a time,
3152
3153 789
3154 00:53:14,339 ~-~-> 00:53:18,329
3155 slowly but surely putting themselves in that water. Now, by
3156
3157 790
3158 00:53:18,329 ~-~-> 00:53:22,529
3159 doing that, yes, the water level will rise, it'll rise up
3160
3161 791
3162 00:53:22,739 ~-~-> 00:53:25,739
3163 quickly at first, but then it'll wait for the waves to
3164
3165 792
3166 00:53:25,739 ~-~-> 00:53:28,499
3167 settle smooth out a little bit, and then it'll start to put
3168
3169 793
3170 00:53:28,499 ~-~-> 00:53:32,729
3171 its new leg in, okay, and then slowly lowering its body. And
3172
3173 794
3174 00:53:32,729 ~-~-> 00:53:35,399
3175 eventually, once it's down to its shoulder length, the mark
3176
3177 795
3178 00:53:35,399 ~-~-> 00:53:38,189
3179 will be all up here. Okay. And at that point, everybody in
3180
3181 796
3182 00:53:38,189 ~-~-> 00:53:40,679
3183 the market will say, wait a minute, this is a bullish
3184
3185 797
3186 00:53:40,679 ~-~-> 00:53:43,409
3187 market. Let's get in here and start buying it. So we don't
3188
3189 798
3190 00:53:43,409 ~-~-> 00:53:46,979
3191 want to be buying when it's obvious. Okay. We want to be
3192
3193 799
3194 00:53:46,979 ~-~-> 00:53:50,339
3195 getting in there when that Tyrannosaurus rex is lowering one
3196
3197 800
3198 00:53:50,339 ~-~-> 00:53:53,669
3199 leg at a time and, and we'll know it. Okay, we'll know it
3200
3201 801
3202 00:53:53,669 ~-~-> 00:53:55,739
3203 when it happens. When it starts to move up as a
3204
3205 802
3206 00:53:55,739 ~-~-> 00:54:01,439
3207 consolidation. We know that that large entity we In called
3208
3209 803
3210 00:54:01,469 ~-~-> 00:54:05,309
3211 Smart Money is on the move it's doing something, because the
3212
3213 804
3214 00:54:05,309 ~-~-> 00:54:08,939
3215 public's not going to make a rally up like that. Okay? Only
3216
3217 805
3218 00:54:08,939 ~-~-> 00:54:11,789
3219 institutional level trading is going to move price, same way
3220
3221 806
3222 00:54:11,789 ~-~-> 00:54:15,179
3223 it does here, there's going to be an absence of interest on
3224
3225 807
3226 00:54:15,179 ~-~-> 00:54:18,209
3227 the buying aspect of the market. So if the institutions are
3228
3229 808
3230 00:54:18,209 ~-~-> 00:54:21,179
3231 not willing to buy, okay, what's going to happen? price is
3232
3233 809
3234 00:54:21,179 ~-~-> 00:54:23,939
3235 going to fall on a bet. And if they do selling in here, it's
3236
3237 810
3238 00:54:23,939 ~-~-> 00:54:26,429
3239 going to cause capitulation, which is what you see here as
3240
3241 811
3242 00:54:26,429 ~-~-> 00:54:29,669
3243 well. But price trades down into this higher time frame
3244
3245 812
3246 00:54:29,669 ~-~-> 00:54:34,289
3247 101 50 level. And I have a smaller short term level here,
3248
3249 813
3250 00:54:34,289 ~-~-> 00:54:37,019
3251 but we're talking about that here. We're just gonna focus on
3252
3253 814
3254 00:54:37,019 ~-~-> 00:54:39,749
3255 that one on 150 level. So we have a higher time frame
3256
3257 815
3258 00:54:39,749 ~-~-> 00:54:43,709
3259 support level, and then prices inside of this range. Okay,
3260
3261 816
3262 00:54:43,709 ~-~-> 00:54:47,549
3263 we would expect accumulation to be unfolding. Now, again, we
3264
3265 817
3266 00:54:47,549 ~-~-> 00:54:51,299
3267 don't know who Smart Money is. We just know that the Smart
3268
3269 818
3270 00:54:51,299 ~-~-> 00:54:54,899
3271 Money entity itself is going to most likely work its way in
3272
3273 819
3274 00:54:54,899 ~-~-> 00:54:57,179
3275 the marketplace here because we're at a higher time frame
3276
3277 820
3278 00:54:57,179 ~-~-> 00:55:01,769
3279 support level. So as prices are Break up out of here. Okay,
3280
3281 821
3282 00:55:02,129 ~-~-> 00:55:07,589
3283 this area sets the stage for what we want to see the market
3284
3285 822
3286 00:55:07,589 ~-~-> 00:55:08,339
3287 maker profile.
3288
3289 823
3290 00:55:10,110 ~-~-> 00:55:12,690
3291 We're going to start seeing the characteristics that these
3292
3293 824
3294 00:55:12,690 ~-~-> 00:55:16,440
3295 market maker profiles provide for us in terms of
3296
3297 825
3298 00:55:16,440 ~-~-> 00:55:22,980
3299 anticipation in terms of price action. So let's go in and
3300
3301 826
3302 00:55:22,980 ~-~-> 00:55:25,590
3303 look at this specific segment of the marketplace. Again,
3304
3305 827
3306 00:55:25,590 ~-~-> 00:55:29,850
3307 this is the Australian dollar. Okay, and we're drilled in to
3308
3309 828
3310 00:55:30,120 ~-~-> 00:55:34,620
3311 October 7 and eighth, okay, and here's that area where we
3312
3313 829
3314 00:55:34,620 ~-~-> 00:55:39,180
3315 sold off so we had a consolidation here, price broke down,
3316
3317 830
3318 00:55:39,180 ~-~-> 00:55:42,120
3319 move into another consolidation at that higher timeframe,
3320
3321 831
3322 00:55:42,120 ~-~-> 00:55:46,080
3323 one on 150 key support level, price inside this
3324
3325 832
3326 00:55:46,080 ~-~-> 00:55:49,920
3327 consolidation, it moves up out of it. Okay, and this was the
3328
3329 833
3330 00:55:49,920 ~-~-> 00:55:53,700
3331 first indication that we had smart money, enter the
3332
3333 834
3334 00:55:53,700 ~-~-> 00:55:57,450
3335 marketplace, okay, without looking at all this information
3336
3337 835
3338 00:55:57,450 ~-~-> 00:55:58,920
3339 over here because we're gonna come back to that in a little
3340
3341 836
3342 00:55:58,920 ~-~-> 00:56:04,860
3343 while. price action here is very, very symmetrical. Okay? In
3344
3345 837
3346 00:56:04,860 ~-~-> 00:56:08,520
3347 other words, there's a lot of symmetry to how prices moving
3348
3349 838
3350 00:56:08,520 ~-~-> 00:56:11,430
3351 in here. It's nothing that you can't see on your own after
3352
3353 839
3354 00:56:11,430 ~-~-> 00:56:14,700
3355 some study. But what do you want to? What do you want to
3356
3357 840
3358 00:56:14,910 ~-~-> 00:56:22,200
3359 focus on here? Is the nature of the BI model. Okay? I want
3360
3361 841
3362 00:56:22,200 ~-~-> 00:56:26,910
3363 you to look in this example and find the by model. Can you
3364
3365 842
3366 00:56:26,910 ~-~-> 00:56:31,980
3367 see that by model in this small area of price? I'll give you
3368
3369 843
3370 00:56:31,980 ~-~-> 00:56:39,840
3371 a moment to look at it. Okay, then looking at price action,
3372
3373 844
3374 00:56:39,900 ~-~-> 00:56:44,340
3375 okay. Again, focusing on this area here. This is your sell
3376
3377 845
3378 00:56:44,340 ~-~-> 00:56:48,840
3379 model. Do you see in that same example, in terms of price
3380
3381 846
3382 00:56:48,840 ~-~-> 00:56:51,840
3383 action, do you see an example of where that sell model can
3384
3385 847
3386 00:56:51,840 ~-~-> 00:56:57,900
3387 be found in this small segment of price action. Again, I'll
3388
3389 848
3390 00:56:57,900 ~-~-> 00:57:01,380
3391 give you a moment or two to see if you can find it. And I'm
3392
3393 849
3394 00:57:01,380 ~-~-> 00:57:03,660
3395 going to give you example of it. So don't worry if you can't
3396
3397 850
3398 00:57:03,660 ~-~-> 00:57:08,070
3399 see it because it's just an exercise of observation. Okay?
3400
3401 851
3402 00:57:09,300 ~-~-> 00:57:16,170
3403 And now looking at this example in price, when we see the
3404
3405 852
3406 00:57:16,170 ~-~-> 00:57:20,490
3407 market maker profile, setting up, and we're going to give,
3408
3409 853
3410 00:57:20,580 ~-~-> 00:57:28,350
3411 again, very clear examples inside this segment of price. You
3412
3413 854
3414 00:57:28,350 ~-~-> 00:57:32,160
3415 can anticipate what's going to most likely unfold again,
3416
3417 855
3418 00:57:32,160 ~-~-> 00:57:34,860
3419 it's no guarantee that when you see these things, it's going
3420
3421 856
3422 00:57:34,860 ~-~-> 00:57:39,600
3423 to happen exactly to script. But to me, this is how you know
3424
3425 857
3426 00:57:39,600 ~-~-> 00:57:42,630
3427 I look like you know, an ace in the videos because I'm
3428
3429 858
3430 00:57:42,630 ~-~-> 00:57:46,410
3431 calling specific price swings and specific levels before
3432
3433 859
3434 00:57:46,410 ~-~-> 00:57:55,800
3435 they happen. Now, again, looking at price here, if you're
3436
3437 860
3438 00:57:55,800 ~-~-> 00:58:04,530
3439 looking at price You can put a little hint here to this area
3440
3441 861
3442 00:58:04,530 ~-~-> 00:58:10,860
3443 here is an area where that profile unfolds. Can you see it
3444
3445 862
3446 00:58:10,860 ~-~-> 00:58:14,460
3447 now? Again, I'm going to I'm going to give you a greater
3448
3449 863
3450 00:58:14,460 ~-~-> 00:58:20,730
3451 detail example. But do you see this little consolidation
3452
3453 864
3454 00:58:20,730 ~-~-> 00:58:27,180
3455 here? Think of this consolidation as that okay. In this
3456
3457 865
3458 00:58:27,180 ~-~-> 00:58:32,280
3459 little area here is this pause in price doesn't look like
3460
3461 866
3462 00:58:32,280 ~-~-> 00:58:37,320
3463 much of a pause here, but it was in rallies up makes the
3464
3465 867
3466 00:58:37,320 ~-~-> 00:58:41,010
3467 high here. So at the zenith of this price move, I'm sorry
3468
3469 868
3470 00:58:41,010 ~-~-> 00:58:47,970
3471 this price move here. This Zenith is here in the profile
3472
3473 869
3474 00:58:47,970 ~-~-> 00:58:51,690
3475 model. Then we saw price slipped down as market structure
3476
3477 870
3478 00:58:51,690 ~-~-> 00:58:54,810
3479 breaks, which is what happens here. Then you have the
3480
3481 871
3482 00:58:54,810 ~-~-> 00:58:58,830
3483 optimal trade entry here. And then price slides lower taking
3484
3485 872
3486 00:58:58,830 ~-~-> 00:59:04,140
3487 out the low Or the previous consolidation here, as noted
3488
3489 873
3490 00:59:04,140 ~-~-> 00:59:09,900
3491 here, okay, so inside of this area of opportunity, there's a
3492
3493 874
3494 00:59:09,900 ~-~-> 00:59:12,210
3495 good chunk of pips that you could very easily harvest
3496
3497 875
3498 00:59:12,240 ~-~-> 00:59:18,570
3499 intraday, okay, not necessarily a long portion of time, is
3500
3501 876
3502 00:59:18,570 ~-~-> 00:59:20,940
3503 this still an opportunity for you to take a short term
3504
3505 877
3506 00:59:20,940 ~-~-> 00:59:21,420
3507 trade?
3508
3509 878
3510 00:59:27,570 ~-~-> 00:59:33,030
3511 Looking at this example, okay, where is the market maker
3512
3513 879
3514 00:59:33,030 ~-~-> 00:59:40,140
3515 profile for the buy? This area here is this consolidation.
3516
3517 880
3518 00:59:41,880 ~-~-> 00:59:47,340
3519 This pause in here is this area right here. Notice how it
3520
3521 881
3522 00:59:47,340 ~-~-> 00:59:49,860
3523 didn't get back up to that area like I was stating before.
3524
3525 882
3526 00:59:50,520 ~-~-> 00:59:53,550
3527 It was too weak. There was no there was no demand for it. So
3528
3529 883
3530 00:59:53,940 ~-~-> 00:59:56,190
3531 if there's no demand, there's going to be a lot of supply.
3532
3533 884
3534 00:59:56,190 ~-~-> 00:59:59,580
3535 So supply is going to come in, sell it off and even greater,
3536
3537 885
3538 00:59:59,610 ~-~-> 01:00:02,370
3539 move down. to a higher time frame support level, and we move
3540
3541 886
3542 01:00:02,370 ~-~-> 01:00:05,550
3543 into another consolidation, which sets the tone for the
3544
3545 887
3546 01:00:05,550 ~-~-> 01:00:10,350
3547 market to be in this stage here. Okay, now we're hunting a
3548
3549 888
3550 01:00:10,350 ~-~-> 01:00:16,350
3551 reaction in the marketplace right here. So as price moves up
3552
3553 889
3554 01:00:16,380 ~-~-> 01:00:20,910
3555 out of it, which is what we see here, price comes down
3556
3557 890
3558 01:00:20,940 ~-~-> 01:00:26,400
3559 retest it, like we like to see here. That's this area right
3560
3561 891
3562 01:00:26,400 ~-~-> 01:00:30,300
3563 here. And then price moves up, which is what you see here.
3564
3565 892
3566 01:00:31,140 ~-~-> 01:00:39,450
3567 Makes the pullback in here. And you see that here. Now price
3568
3569 893
3570 01:00:39,480 ~-~-> 01:00:43,620
3571 fails to go above this high here, okay, so it doesn't get
3572
3573 894
3574 01:00:43,620 ~-~-> 01:00:45,660
3575 above here. So this is why you want to take profits at
3576
3577 895
3578 01:00:45,660 ~-~-> 01:00:50,700
3579 logical areas, which is here and here. Again, being here and
3580
3581 896
3582 01:00:50,700 ~-~-> 01:00:54,450
3583 here. Okay, because you're working within what range this
3584
3585 897
3586 01:00:54,450 ~-~-> 01:00:59,790
3587 high to this low. So this could be an area of opportunity
3588
3589 898
3590 01:00:59,790 ~-~-> 01:01:02,460
3591 problem. And obviously here because if you look at this high
3592
3593 899
3594 01:01:02,940 ~-~-> 01:01:07,440
3595 to this high, you're in segments and tracing level okay. And
3596
3597 900
3598 01:01:07,440 ~-~-> 01:01:10,680
3599 as price starts to rally again it failed and move lower
3600
3601 901
3602 01:01:11,700 ~-~-> 01:01:15,600
3603 Okay. And then we're talking about how between this high and
3604
3605 902
3606 01:01:15,600 ~-~-> 01:01:20,460
3607 this low in the module for the buying price at this point,
3608
3609 903
3610 01:01:20,700 ~-~-> 01:01:24,030
3611 okay when it starts to go higher, it may not get up to this
3612
3613 904
3614 01:01:24,030 ~-~-> 01:01:26,550
3615 level here it may come back and retrace into the range
3616
3617 905
3618 01:01:26,550 ~-~-> 01:01:29,670
3619 between this low and whatever high formed here and you see
3620
3621 906
3622 01:01:29,670 ~-~-> 01:01:32,550
3623 that forming here from the low and the consolidation up to
3624
3625 907
3626 01:01:32,550 ~-~-> 01:01:37,380
3627 the high all we do is retrace deeper and what that does is
3628
3629 908
3630 01:01:37,380 ~-~-> 01:01:40,620
3631 allow the market makers to take out the stops that are on
3632
3633 909
3634 01:01:40,620 ~-~-> 01:01:44,700
3635 the right side of the marketplace okay and retrace from this
3636
3637 910
3638 01:01:44,700 ~-~-> 01:01:48,780
3639 low to this high and you find optimal trade entry at the 62%
3640
3641 911
3642 01:01:48,780 ~-~-> 01:01:51,810
3643 retracement level and then price starts resuming moving
3644
3645 912
3646 01:01:51,810 ~-~-> 01:01:57,300
3647 higher. Okay. So now take a step back. Okay. And if you if
3648
3649 913
3650 01:01:57,300 ~-~-> 01:02:01,020
3651 you can't see it on the five minute chart, like This, let's
3652
3653 914
3654 01:02:01,020 ~-~-> 01:02:07,380
3655 take a look at it on a 15 minute basis. Okay, we're zoomed
3656
3657 915
3658 01:02:07,380 ~-~-> 01:02:13,080
3659 out a little bit more thinking in terms of that same bi
3660
3661 916
3662 01:02:13,080 ~-~-> 01:02:17,640
3663 model. Okay, watch what happens. We're using that same 15
3664
3665 917
3666 01:02:17,640 ~-~-> 01:02:22,740
3667 minute chart. Now, we have that first consolidation up here.
3668
3669 918
3670 01:02:24,090 ~-~-> 01:02:27,300
3671 We have the gray area down here where the buy should take
3672
3673 919
3674 01:02:27,300 ~-~-> 01:02:33,510
3675 place where here, we have price Now move up. And now this is
3676
3677 920
3678 01:02:33,570 ~-~-> 01:02:37,680
3679 what this is that pattern right here. But if you're zooming
3680
3681 921
3682 01:02:37,680 ~-~-> 01:02:41,220
3683 in on five minute, we expected to see it here. But now we're
3684
3685 922
3686 01:02:41,220 ~-~-> 01:02:45,390
3687 looking at a 15 Minute. Suddenly the fractal can be seen on
3688
3689 923
3690 01:02:45,390 ~-~-> 01:02:49,110
3691 a higher time frame. Still the same price segment moving,
3692
3693 924
3694 01:02:49,470 ~-~-> 01:02:56,520
3695 okay, higher, but we're not seeing it to the same unfolding
3696
3697 925
3698 01:02:56,520 ~-~-> 01:02:58,440
3699 that we'd saw in the five minute we are expecting to see it
3700
3701 926
3702 01:02:58,440 ~-~-> 01:03:00,300
3703 trade down here and then move up and watch This was
3704
3705 927
3706 01:03:00,330 ~-~-> 01:03:05,190
3707 profitable. Yes. Okay, we didn't see what was unfolding on
3708
3709 928
3710 01:03:05,190 ~-~-> 01:03:09,030
3711 the 15 minute because we're in too tight. Now suddenly this
3712
3713 929
3714 01:03:09,060 ~-~-> 01:03:12,030
3715 consolidation and move lower down to a key support level one
3716
3717 930
3718 01:03:12,030 ~-~-> 01:03:16,950
3719 on 150 to run up and then trade back down to this area here
3720
3721 931
3722 01:03:17,310 ~-~-> 01:03:20,760
3723 is exactly what you see here. Okay, so the market makers
3724
3725 932
3726 01:03:20,760 ~-~-> 01:03:23,520
3727 were using the 15 minute time frame to do their dealing.
3728
3729 933
3730 01:03:24,000 ~-~-> 01:03:28,740
3731 Okay. So watch what happens. Price rallies up here. Okay,
3732
3733 934
3734 01:03:28,740 ~-~-> 01:03:33,840
3735 and it gives you that other retracement deep here. Okay. And
3736
3737 935
3738 01:03:33,840 ~-~-> 01:03:36,780
3739 it rallies on up to do what to take out the previous
3740
3741 936
3742 01:03:36,780 ~-~-> 01:03:40,860
3743 consolidation where the stops are resting right here. And
3744
3745 937
3746 01:03:40,860 ~-~-> 01:03:44,910
3747 that's what they do here to clear out the stops. Okay. So
3748
3749 938
3750 01:03:44,910 ~-~-> 01:03:49,920
3751 you see how this model gives you the ability to anticipate
3752
3753 939
3754 01:03:49,950 ~-~-> 01:03:57,210
3755 price action and swings in the marketplace. Okay. Now, if
3756
3757 940
3758 01:03:57,210 ~-~-> 01:03:59,820
3759 it's not clear to you, I understand it's going to take some
3760
3761 941
3762 01:03:59,820 ~-~-> 01:04:03,420
3763 minutes And some time used to looking for it and you look at
3764
3765 942
3766 01:04:03,420 ~-~-> 01:04:06,420
3767 hindsight examples for a period of time and it may take
3768
3769 943
3770 01:04:06,420 ~-~-> 01:04:10,680
3771 months to get the perspective on seeing it, okay? But when
3772
3773 944
3774 01:04:10,680 ~-~-> 01:04:14,100
3775 you see it, you can't ever forget it, it's there. It's just
3776
3777 945
3778 01:04:14,100 ~-~-> 01:04:21,480
3779 gonna be embedded in your brain. Now looking at this example
3780
3781 946
3782 01:04:21,480 ~-~-> 01:04:25,320
3783 here, okay, this is that one example I mentioned earlier
3784
3785 947
3786 01:04:25,320 ~-~-> 01:04:28,140
3787 that I was gonna give you a greater refined example of
3788
3789 948
3790 01:04:28,140 ~-~-> 01:04:33,510
3791 it. We have this area of consolidation price runs up out of
3792
3793 949
3794 01:04:33,510 ~-~-> 01:04:40,440
3795 it. There's a little pause here makes Zenith breaks down
3796
3797 950
3798 01:04:40,740 ~-~-> 01:04:43,260
3799 comes up because the optimal trade entry and it falls out of
3800
3801 951
3802 01:04:43,260 ~-~-> 01:04:47,880
3803 bed whereas it go below the previous consolidation. So what
3804
3805 952
3806 01:04:47,880 ~-~-> 01:04:53,790
3807 do you think module that is? The market maker sell model.
3808
3809 953
3810 01:04:55,110 ~-~-> 01:04:58,290
3811 Look at the profile here. Okay. You can see that the have
3812
3813 954
3814 01:04:58,950 ~-~-> 01:05:02,160
3815 the consolidation here. Which is here to move out in the
3816
3817 955
3818 01:05:02,160 ~-~-> 01:05:06,840
3819 pause in here, here is enough of the move for here, which is
3820
3821 956
3822 01:05:06,840 ~-~-> 01:05:10,740
3823 here, the breakdown and optimal trade entry in here, which
3824
3825 957
3826 01:05:10,740 ~-~-> 01:05:14,610
3827 is what you see here. And then the move lower to get below
3828
3829 958
3830 01:05:14,610 ~-~-> 01:05:18,750
3831 the previous consolidation as noted here, okay, just between
3832
3833 959
3834 01:05:18,750 ~-~-> 01:05:23,400
3835 this high and the move a little low here that's rather
3836
3837 960
3838 01:05:23,400 ~-~-> 01:05:26,070
3839 handsome in terms of very short term trade and you can take
3840
3841 961
3842 01:05:26,070 ~-~-> 01:05:31,350
3843 40 pips out of the marketplace rather easily here. Okay. So
3844
3845 962
3846 01:05:31,350 ~-~-> 01:05:37,230
3847 now let's take a look at again, that consolidation, what's
3848
3849 963
3850 01:05:37,410 ~-~-> 01:05:41,610
3851 specifically is different about this market maker profile
3852
3853 964
3854 01:05:42,120 ~-~-> 01:05:46,380
3855 that isn't seen in the previous ones, okay, because overall
3856
3857 965
3858 01:05:46,380 ~-~-> 01:05:49,680
3859 inside this higher timeframe market maker profile, okay.
3860
3861 966
3862 01:05:50,190 ~-~-> 01:05:52,380
3863 Notice that we had that consolidation out here and in the
3864
3865 967
3866 01:05:52,380 ~-~-> 01:05:57,330
3867 higher timeframe, fractal moving higher. This is a bullish
3868
3869 968
3870 01:05:57,390 ~-~-> 01:06:00,150
3871 scenario. Overall, remember that 15 minutes are we just
3872
3873 969
3874 01:06:00,150 ~-~-> 01:06:05,670
3875 looked at. But within that larger 15 minute market maker
3876
3877 970
3878 01:06:05,670 ~-~-> 01:06:09,570
3879 profile or that fractal pattern that's bullish, we just
3880
3881 971
3882 01:06:09,570 ~-~-> 01:06:15,000
3883 pulled out a bearish sell model. So again, that's the reason
3884
3885 972
3886 01:06:15,000 ~-~-> 01:06:18,930
3887 why I don't give you specific entry pattern concepts to
3888
3889 973
3890 01:06:18,930 ~-~-> 01:06:23,010
3891 trade, you know, on a short term, because it's so dynamic.
3892
3893 974
3894 01:06:23,370 ~-~-> 01:06:25,560
3895 When I give you this, for instance, looking at the sell
3896
3897 975
3898 01:06:25,560 ~-~-> 01:06:29,310
3899 model here, you may just see the buying aspect. Okay, you
3900
3901 976
3902 01:06:29,310 ~-~-> 01:06:32,070
3903 may see just the, here's the optimal trade entry to get
3904
3905 977
3906 01:06:32,070 ~-~-> 01:06:35,580
3907 long. We're in a nested optimal trade entry here. So I'm
3908
3909 978
3910 01:06:35,580 ~-~-> 01:06:39,480
3911 going to buy that. So you're, you're using this profile to
3912
3913 979
3914 01:06:39,480 ~-~-> 01:06:42,570
3915 be long in here or long in here to get this as your profit
3916
3917 980
3918 01:06:42,570 ~-~-> 01:06:46,470
3919 objective. And maybe your mind doesn't understand to get to
3920
3921 981
3922 01:06:46,470 ~-~-> 01:06:50,310
3923 this point here. It just could be the cell. Okay? That's
3924
3925 982
3926 01:06:50,310 ~-~-> 01:06:53,340
3927 fine. It's all about profitability. It's not about being
3928
3929 983
3930 01:06:53,340 ~-~-> 01:06:57,810
3931 right. Okay. And when you trade fractals, okay. It's a lot
3932
3933 984
3934 01:06:57,810 ~-~-> 01:07:01,500
3935 of freedom, but there's a lot of rules. too, okay, so it's a
3936
3937 985
3938 01:07:01,500 ~-~-> 01:07:05,580
3939 freestyle way of trading without bias, really, if you think
3940
3941 986
3942 01:07:05,580 ~-~-> 01:07:08,640
3943 about it, and that's the nature of short term trading, you
3944
3945 987
3946 01:07:08,640 ~-~-> 01:07:12,180
3947 can work within a bullish market environment and be a bear.
3948
3949 988
3950 01:07:12,810 ~-~-> 01:07:16,050
3951 But you have to understand what you're doing. And it takes a
3952
3953 989
3954 01:07:16,050 ~-~-> 01:07:18,570
3955 little bit of finesse. Okay, but if you look at just the
3956
3957 990
3958 01:07:18,570 ~-~-> 01:07:23,220
3959 bullish market structure, and trade bullish market maker
3960
3961 991
3962 01:07:23,220 ~-~-> 01:07:29,850
3963 profiles, it makes trading very, very easy. And if you just
3964
3965 992
3966 01:07:29,910 ~-~-> 01:07:33,900
3967 understand the sell model for the buying portion of that
3968
3969 993
3970 01:07:33,900 ~-~-> 01:07:37,440
3971 fractal, which is here, here or here, there's nothing wrong
3972
3973 994
3974 01:07:37,440 ~-~-> 01:07:39,990
3975 with that. Absolutely. There's nothing wrong with that.
3976
3977 995
3978 01:07:40,020 ~-~-> 01:07:43,530
3979 That's your short turning search term trading niche. Okay.
3980
3981 996
3982 01:07:43,860 ~-~-> 01:07:51,540
3983 So that's what you would utilize for your trading. Okay, we
3984
3985 997
3986 01:07:51,540 ~-~-> 01:07:55,230
3987 just looked at an example. Okay, and how the market maker
3988
3989 998
3990 01:07:55,230 ~-~-> 01:07:59,640
3991 profile on a short term inside of a larger higher time frame
3992
3993 999
3994 01:07:59,640 ~-~-> 01:08:05,970
3995 fat appears to fail, okay. But what it's doing is actually
3996
3997 1000
3998 01:08:05,970 ~-~-> 01:08:11,190
3999 it's giving you a continuation of the larger profile. Okay,
4000
4001 1001
4002 01:08:11,190 ~-~-> 01:08:14,400
4003 and let's look at what that means. Assume we have a support
4004
4005 1002
4006 01:08:14,400 ~-~-> 01:08:19,140
4007 level here, and price moves from that specific point and
4008
4009 1003
4010 01:08:19,140 ~-~-> 01:08:21,570
4011 breaks market structure. Okay, so when we have market
4012
4013 1004
4014 01:08:21,570 ~-~-> 01:08:25,650
4015 structure break like this, this will give us an indication,
4016
4017 1005
4018 01:08:25,680 ~-~-> 01:08:31,200
4019 hopefully to anticipate higher prices. And when higher
4020
4021 1006
4022 01:08:31,200 ~-~-> 01:08:35,580
4023 prices hopefully, come on their way, now we have the
4024
4025 1007
4026 01:08:35,580 ~-~-> 01:08:38,520
4027 greenlight go looking for now, anything that retraces from
4028
4029 1008
4030 01:08:38,520 ~-~-> 01:08:41,400
4031 this point, we're looking to have an optimal trade entry to
4032
4033 1009
4034 01:08:41,400 ~-~-> 01:08:46,950
4035 go long. And when you have that, okay, you're going to see
4036
4037 1010
4038 01:08:46,950 ~-~-> 01:08:50,700
4039 price meander, it's going to move, okay, you come back to
4040
4041 1011
4042 01:08:50,700 ~-~-> 01:08:54,120
4043 your charts and it looks a little different, it's fine. And
4044
4045 1012
4046 01:08:54,150 ~-~-> 01:08:57,000
4047 this is the part of trading that's hard because you have to
4048
4049 1013
4050 01:08:57,000 ~-~-> 01:08:58,980
4051 wait for the setups and every time you come back to your
4052
4053 1014
4054 01:08:58,980 ~-~-> 01:09:01,770
4055 charts, it's Got a little look a little bit different, okay,
4056
4057 1015
4058 01:09:01,770 ~-~-> 01:09:05,280
4059 but you're stalking you're setting up. Okay. Now looking at
4060
4061 1016
4062 01:09:05,280 ~-~-> 01:09:07,770
4063 this chart here we have our higher time frame support level.
4064
4065 1017
4066 01:09:08,040 ~-~-> 01:09:11,760
4067 But now also, we have new support resistance levels you have
4068
4069 1018
4070 01:09:11,760 ~-~-> 01:09:15,210
4071 to factor in. Okay? And because support is never
4072
4073 1019
4074 01:09:16,829 ~-~-> 01:09:20,219
4075 you know exact it's not right to the PIP, you'll allow for
4076
4077 1020
4078 01:09:20,219 ~-~-> 01:09:23,579
4079 certain slippage. But if you're waiting for retracements
4080
4081 1021
4082 01:09:23,669 ~-~-> 01:09:26,309
4083 retracements, don't always go back to the levels. Okay.
4084
4085 1022
4086 01:09:26,459 ~-~-> 01:09:29,279
4087 retracements will be a little bit early. And this is where
4088
4089 1023
4090 01:09:29,279 ~-~-> 01:09:34,109
4091 you can use the double Oh 50 optimal trade entry levels,
4092
4093 1024
4094 01:09:34,139 ~-~-> 01:09:37,979
4095 okay. W 50 means using the big figures and amid figures to
4096
4097 1025
4098 01:09:37,979 ~-~-> 01:09:40,859
4099 pull your fibs from in using swings, okay, and I'm not
4100
4101 1026
4102 01:09:40,859 ~-~-> 01:09:43,529
4103 teaching that here. I'm going to counsel you to go back to
4104
4105 1027
4106 01:09:43,529 ~-~-> 01:09:48,239
4107 the other videos and learning about that. But looking at
4108
4109 1028
4110 01:09:48,239 ~-~-> 01:09:52,529
4111 price obviously see price did in fact, snap up from optimal
4112
4113 1029
4114 01:09:52,529 ~-~-> 01:09:57,179
4115 trade entry. Okay. And now looking at this, okay, you would
4116
4117 1030
4118 01:09:57,179 ~-~-> 01:10:04,139
4119 expect to see price do what Move inside of a cell model.
4120
4121 1031
4122 01:10:04,439 ~-~-> 01:10:08,129
4123 Okay, so you're expecting price to find its zenith in here
4124
4125 1032
4126 01:10:08,639 ~-~-> 01:10:12,899
4127 and start to break down lower looking for what looking for
4128
4129 1033
4130 01:10:12,899 ~-~-> 01:10:17,249
4131 that lower low in the previous consolidation or beginning of
4132
4133 1034
4134 01:10:17,249 ~-~-> 01:10:20,309
4135 the price move up. So this overall price swing, we're
4136
4137 1035
4138 01:10:20,309 ~-~-> 01:10:24,479
4139 looking for it to move down here. But if you're in a higher
4140
4141 1036
4142 01:10:24,479 ~-~-> 01:10:28,919
4143 timeframe, bullish scenario within bullish market structure,
4144
4145 1037
4146 01:10:29,489 ~-~-> 01:10:34,139
4147 or a more higher timeframe bullish market maker profile,
4148
4149 1038
4150 01:10:35,159 ~-~-> 01:10:39,869
4151 you're going to look at this area here to see where price
4152
4153 1039
4154 01:10:39,869 ~-~-> 01:10:43,889
4155 may form a new buy. In other words, in bullish environments,
4156
4157 1040
4158 01:10:44,339 ~-~-> 01:10:46,499
4159 the sell model won't come all the way down here is just
4160
4161 1041
4162 01:10:46,499 ~-~-> 01:10:49,769
4163 going to give you a higher timeframe. retracement on the
4164
4165 1042
4166 01:10:49,769 ~-~-> 01:10:52,949
4167 overall swing here. Okay and what that looks like is this.
4168
4169 1043
4170 01:10:54,539 ~-~-> 01:10:59,879
4171 You have price, come back down and you see price come all
4172
4173 1044
4174 01:10:59,879 ~-~-> 01:11:03,539
4175 the way From its zenith, okay, which you anticipate if
4176
4177 1045
4178 01:11:03,539 ~-~-> 01:11:07,949
4179 you're just looking at the model itself, looking at how
4180
4181 1046
4182 01:11:07,949 ~-~-> 01:11:12,779
4183 price moves lower, you're not expecting that lower low. So
4184
4185 1047
4186 01:11:12,779 ~-~-> 01:11:15,629
4187 as price starts to move lower, if we're in a bullish
4188
4189 1048
4190 01:11:15,629 ~-~-> 01:11:19,439
4191 environment, we're not looking to see price move back below
4192
4193 1049
4194 01:11:19,799 ~-~-> 01:11:22,229
4195 this consolidation, we're going to expect price to come back
4196
4197 1050
4198 01:11:22,229 ~-~-> 01:11:26,069
4199 down and maybe retest this support level, or work within
4200
4201 1051
4202 01:11:26,069 ~-~-> 01:11:30,389
4203 this optimal trade entry range here, or this optimal trade
4204
4205 1052
4206 01:11:30,389 ~-~-> 01:11:34,349
4207 entry range here, and maybe even factor maybe pivots, maybe
4208
4209 1053
4210 01:11:34,349 ~-~-> 01:11:36,929
4211 a trinity level. Oh, how about that we didn't talk about
4212
4213 1054
4214 01:11:36,929 ~-~-> 01:11:40,319
4215 that yet halfway. So he would be looking for your implied
4216
4217 1055
4218 01:11:40,319 ~-~-> 01:11:44,009
4219 support levels to be a factor in this retracement as it
4220
4221 1056
4222 01:11:44,009 ~-~-> 01:11:49,949
4223 pulls back into a deeper price swing. And by having that
4224
4225 1057
4226 01:11:49,949 ~-~-> 01:11:52,589
4227 expectation as price starts to move into these support
4228
4229 1058
4230 01:11:52,589 ~-~-> 01:11:56,039
4231 resistance levels, again, we're going to have more emphasis
4232
4233 1059
4234 01:11:56,729 ~-~-> 01:12:00,509
4235 placed on this than looking for the previous load. Here,
4236
4237 1060
4238 01:12:00,809 ~-~-> 01:12:04,379
4239 taking out four stocks because the smart money's assumed a
4240
4241 1061
4242 01:12:04,379 ~-~-> 01:12:08,699
4243 position back here, okay, they're going to defend that price
4244
4245 1062
4246 01:12:08,699 ~-~-> 01:12:11,279
4247 action, as price starts to come back down here, they're
4248
4249 1063
4250 01:12:11,279 ~-~-> 01:12:14,819
4251 going to accumulate more of that same position here, it's
4252
4253 1064
4254 01:12:14,819 ~-~-> 01:12:17,249
4255 counterproductive for them to come back all the way down
4256
4257 1065
4258 01:12:17,249 ~-~-> 01:12:20,759
4259 here. Okay? When they're trying to get price, you know,
4260
4261 1066
4262 01:12:20,759 ~-~-> 01:12:23,699
4263 higher or at least maintain a specific price level. So
4264
4265 1067
4266 01:12:23,699 ~-~-> 01:12:30,479
4267 that's why we see these overall declines deep retracements
4268
4269 1068
4270 01:12:30,479 ~-~-> 01:12:33,239
4271 within a bullish market environment, because you're seeing
4272
4273 1069
4274 01:12:33,239 ~-~-> 01:12:39,029
4275 more accumulation unfold by the smart money. And what that
4276
4277 1070
4278 01:12:39,029 ~-~-> 01:12:41,549
4279 looks like obviously, is a continuation and you see the
4280
4281 1071
4282 01:12:41,549 ~-~-> 01:12:45,989
4283 expectancy of retracement to a support level and then a
4284
4285 1072
4286 01:12:45,989 ~-~-> 01:12:49,679
4287 bounce in right here if you miss the opportunity to get the
4288
4289 1073
4290 01:12:49,799 ~-~-> 01:12:53,369
4291 support level. Okay, you can see a smaller short term
4292
4293 1074
4294 01:12:53,369 ~-~-> 01:12:57,329
4295 optimal trade entry for me here and you can utilize that as
4296
4297 1075
4298 01:12:57,329 ~-~-> 01:13:00,149
4299 your entry for short term trading to get in sync with The
4300
4301 1076
4302 01:13:00,149 ~-~-> 01:13:04,739
4303 higher timeframe market maker profile, okay, this could be a
4304
4305 1077
4306 01:13:04,739 ~-~-> 01:13:09,749
4307 five minute price action and basing your trade on the idea
4308
4309 1078
4310 01:13:09,749 ~-~-> 01:13:13,469
4311 that you're on a one hour or four hour market maker profile
4312
4313 1079
4314 01:13:13,889 ~-~-> 01:13:17,519
4315 that's bullish. And by seeing that unfold, then you would
4316
4317 1080
4318 01:13:17,519 ~-~-> 01:13:22,019
4319 see obviously, price move on higher. This is the range that
4320
4321 1081
4322 01:13:22,019 ~-~-> 01:13:27,659
4323 you'd be utilizing here the low to high. This Confluence may
4324
4325 1082
4326 01:13:27,659 ~-~-> 01:13:30,299
4327 be a 62 could be a sweet spot, it could be settling
4328
4329 1083
4330 01:13:30,299 ~-~-> 01:13:33,329
4331 centration level, there could be pivots in here and it could
4332
4333 1084
4334 01:13:33,329 ~-~-> 01:13:36,809
4335 be a trinity level on here. A lot of factors in here but
4336
4337 1085
4338 01:13:37,079 ~-~-> 01:13:40,139
4339 obviously looking at previous lows is the key because if
4340
4341 1086
4342 01:13:40,139 ~-~-> 01:13:42,389
4343 you're going to take price all the way down to run an old
4344
4345 1087
4346 01:13:42,779 ~-~-> 01:13:45,929
4347 low for stops, but not necessarily the beginning or
4348
4349 1088
4350 01:13:45,929 ~-~-> 01:13:49,919
4351 consolidation of the overall price. swing up Okay, so this
4352
4353 1089
4354 01:13:49,949 ~-~-> 01:13:53,579
4355 price swing up is going to be a continuation and move
4356
4357 1090
4358 01:13:53,579 ~-~-> 01:13:54,089
4359 higher.
4360
4361 1091
4362 01:13:55,500 ~-~-> 01:13:59,580
4363 And overall by looking at price in that respect, you can see
4364
4365 1092
4366 01:13:59,610 ~-~-> 01:14:03,150
4367 just look It this this is a very rather generic depiction of
4368
4369 1093
4370 01:14:03,150 ~-~-> 01:14:07,740
4371 price action. But it really is seen a lot of times when you
4372
4373 1094
4374 01:14:07,740 ~-~-> 01:14:10,770
4375 are in a bullish market environment. In other words, if
4376
4377 1095
4378 01:14:10,770 ~-~-> 01:14:13,710
4379 prices overall bullish, this is the type of price action,
4380
4381 1096
4382 01:14:13,710 ~-~-> 01:14:18,450
4383 you end up seeing higher high and higher lows, how about
4384
4385 1097
4386 01:14:18,450 ~-~-> 01:14:24,930
4387 that? no necessity for trend line. Obviously, the same thing
4388
4389 1098
4390 01:14:24,930 ~-~-> 01:14:27,180
4391 can be said on the reverse looking at a key resistance level
4392
4393 1099
4394 01:14:27,180 ~-~-> 01:14:29,790
4395 like this. During the consolidation, you would expect to see
4396
4397 1100
4398 01:14:29,790 ~-~-> 01:14:32,580
4399 price eventually move to a point where it breaks market
4400
4401 1101
4402 01:14:32,580 ~-~-> 01:14:35,760
4403 structure and that looks like this here. And it's the market
4404
4405 1102
4406 01:14:35,760 ~-~-> 01:14:39,900
4407 makers market structure shift rather. And we would be
4408
4409 1103
4410 01:14:39,900 ~-~-> 01:14:44,700
4411 looking for price action to do what move down into a market
4412
4413 1104
4414 01:14:44,700 ~-~-> 01:14:48,390
4415 maker profile for a buy. Okay, so because we're trading from
4416
4417 1105
4418 01:14:48,390 ~-~-> 01:14:51,030
4419 a key resistance level, we're trading lower, okay, and
4420
4421 1106
4422 01:14:51,030 ~-~-> 01:14:54,960
4423 eventually trading down into a key resistance support level.
4424
4425 1107
4426 01:14:55,230 ~-~-> 01:14:57,840
4427 Okay, in other words, we're expecting price to eventually
4428
4429 1108
4430 01:14:57,840 ~-~-> 01:14:59,970
4431 move so every time we come back to our charts, we're seeing
4432
4433 1109
4434 01:15:00,540 ~-~-> 01:15:04,470
4435 expectancy of what we're waiting for it to trade down to a
4436
4437 1110
4438 01:15:04,470 ~-~-> 01:15:08,190
4439 support level. Okay, and as price starts to move back to new
4440
4441 1111
4442 01:15:08,190 ~-~-> 01:15:11,670
4443 levels of resistance, we anticipate price to react
4444
4445 1112
4446 01:15:11,730 ~-~-> 01:15:14,160
4447 accordingly, but doesn't necessarily have to trade back to
4448
4449 1113
4450 01:15:14,160 ~-~-> 01:15:17,670
4451 it. Okay. Again, as we retrace, we're looking at what price
4452
4453 1114
4454 01:15:17,700 ~-~-> 01:15:21,060
4455 move from a high down to this low. So we have a new range
4456
4457 1115
4458 01:15:21,090 ~-~-> 01:15:26,070
4459 price can come up necessarily fall short of this, okay, and
4460
4461 1116
4462 01:15:26,070 ~-~-> 01:15:28,650
4463 you see this probably in your own trading many, many times
4464
4465 1117
4466 01:15:29,040 ~-~-> 01:15:33,600
4467 where price fails to get back to that point. But in terms of
4468
4469 1118
4470 01:15:33,600 ~-~-> 01:15:38,190
4471 the range, okay, we went back to 60 to 79 or maybe to meet
4472
4473 1119
4474 01:15:38,910 ~-~-> 01:15:42,930
4475 midpoint 70.5 sweet spot that I use for my optimal trade
4476
4477 1120
4478 01:15:42,930 ~-~-> 01:15:47,310
4479 entry and eventually sells off. But in here, this could be a
4480
4481 1121
4482 01:15:47,310 ~-~-> 01:15:49,920
4483 reflection pattern, this could be a turtle soup, okay. It
4484
4485 1122
4486 01:15:49,920 ~-~-> 01:15:53,250
4487 could be tied to trend following that nature. Okay, and you
4488
4489 1123
4490 01:15:53,250 ~-~-> 01:15:56,670
4491 can use this by a mile that would be hunting initially.
4492
4493 1124
4494 01:15:56,970 ~-~-> 01:16:00,540
4495 Okay, as an area just to get short in the marketplace. But
4496
4497 1125
4498 01:16:00,570 ~-~-> 01:16:03,900
4499 as price starts to move down, and we trade into what would
4500
4501 1126
4502 01:16:03,900 ~-~-> 01:16:07,590
4503 be considered a higher time frame support level, okay, we
4504
4505 1127
4506 01:16:07,590 ~-~-> 01:16:10,800
4507 would anticipate price bouncing, and you start to see the
4508
4509 1128
4510 01:16:10,800 ~-~-> 01:16:14,910
4511 early works of an optimal trade entry in here. Okay? So you
4512
4513 1129
4514 01:16:14,910 ~-~-> 01:16:17,430
4515 could be a buyer here with the expectancy of the market
4516
4517 1130
4518 01:16:17,430 ~-~-> 01:16:20,970
4519 maker profile by model unfolding. And as price starts to
4520
4521 1131
4522 01:16:20,970 ~-~-> 01:16:27,060
4523 move up, okay, one would expect to see what? Well looking at
4524
4525 1132
4526 01:16:27,060 ~-~-> 01:16:30,210
4527 price action, you would expect to see higher prices moving
4528
4529 1133
4530 01:16:31,260 ~-~-> 01:16:36,000
4531 even even further up. But if you're thinking just in terms
4532
4533 1134
4534 01:16:36,000 ~-~-> 01:16:39,570
4535 of this bi model, and not taking in consideration the fact
4536
4537 1135
4538 01:16:39,570 ~-~-> 01:16:43,500
4539 that this could be the retracement here, for an overall
4540
4541 1136
4542 01:16:43,500 ~-~-> 01:16:47,400
4543 continuation lower, we have a buy model that's going to
4544
4545 1137
4546 01:16:47,610 ~-~-> 01:16:51,660
4547 mutate into a continuation for a sell off and continue
4548
4549 1138
4550 01:16:51,660 ~-~-> 01:16:54,270
4551 lower. Okay, so you always have to be cognizant of that
4552
4553 1139
4554 01:16:54,270 ~-~-> 01:16:57,360
4555 happening. And that's why we always use the previous range.
4556
4557 1140
4558 01:16:57,510 ~-~-> 01:17:01,080
4559 Okay, so looking at that you have this high In this low
4560
4561 1141
4562 01:17:01,080 ~-~-> 01:17:05,550
4563 prices retracing into this into that, okay, that could be an
4564
4565 1142
4566 01:17:05,550 ~-~-> 01:17:08,130
4567 optimal trade entry that could be unfolding inside the
4568
4569 1143
4570 01:17:08,130 ~-~-> 01:17:13,050
4571 viewer expected price move. So even though price cancel that
4572
4573 1144
4574 01:17:13,740 ~-~-> 01:17:17,910
4575 we go back up into a higher time frame resistance level. But
4576
4577 1145
4578 01:17:17,910 ~-~-> 01:17:21,240
4579 now we have this range still to consider this high to this
4580
4581 1146
4582 01:17:21,240 ~-~-> 01:17:25,110
4583 low. We're at 62 and 79% retracement in terms of that range.
4584
4585 1147
4586 01:17:25,260 ~-~-> 01:17:28,890
4587 Okay, so even though we would be hunting this by model, okay
4588
4589 1148
4590 01:17:28,890 ~-~-> 01:17:31,980
4591 market maker profile, we still had to be cognizant of how
4592
4593 1149
4594 01:17:31,980 ~-~-> 01:17:37,110
4595 this may unfold into into a trend following continuation
4596
4597 1150
4598 01:17:37,110 ~-~-> 01:17:41,610
4599 lower and by that you would see price start to give off some
4600
4601 1151
4602 01:17:41,610 ~-~-> 01:17:44,700
4603 trade entries in here on this lower timeframe and starts to
4604
4605 1152
4606 01:17:44,700 ~-~-> 01:17:46,410
4607 break down and this is the reason why we've had to take
4608
4609 1153
4610 01:17:46,410 ~-~-> 01:17:50,160
4611 profits because simply taking a position assuming it back
4612
4613 1154
4614 01:17:50,160 ~-~-> 01:17:54,630
4615 here, and an area of key support resistance. With expectancy
4616
4617 1155
4618 01:17:54,630 ~-~-> 01:17:59,460
4619 that price moving up into an old salvation run stops. That's
4620
4621 1156
4622 01:17:59,460 ~-~-> 01:18:04,680
4623 to my off You have to have the the deep the ability to
4624
4625 1157
4626 01:18:04,680 ~-~-> 01:18:06,660
4627 accept the fact that you're probably going to be wrong,
4628
4629 1158
4630 01:18:06,720 ~-~-> 01:18:09,270
4631 okay? And you're always wrong until you take profit.
4632
4633 1159
4634 01:18:09,509 ~-~-> 01:18:10,169
4635 Okay, so
4636
4637 1160
4638 01:18:11,910 ~-~-> 01:18:14,490
4639 if you see price start to break down like this, obviously
4640
4641 1161
4642 01:18:14,490 ~-~-> 01:18:17,070
4643 you're gonna wish you had taken profits, but, you know,
4644
4645 1162
4646 01:18:17,130 ~-~-> 01:18:21,600
4647 sometimes that's too late. So overall, looking at how the
4648
4649 1163
4650 01:18:21,600 ~-~-> 01:18:24,030
4651 Australian dollar moves on a five minute basis, you can see
4652
4653 1164
4654 01:18:24,030 ~-~-> 01:18:28,680
4655 how this area here is delineating the range and this is
4656
4657 1165
4658 01:18:28,710 ~-~-> 01:18:31,440
4659 obviously the low at one at 148. But the key level we were
4660
4661 1166
4662 01:18:31,440 ~-~-> 01:18:34,710
4663 watching was one to 150. So inside this consolidation, the
4664
4665 1167
4666 01:18:34,710 ~-~-> 01:18:38,490
4667 Smart Money was accumulating and price moved up and then
4668
4669 1168
4670 01:18:38,490 ~-~-> 01:18:42,330
4671 came back down and retested, this broken resistance down
4672
4673 1169
4674 01:18:42,330 ~-~-> 01:18:45,660
4675 support. And in all in here, they continue to work within a
4676
4677 1170
4678 01:18:45,660 ~-~-> 01:18:49,080
4679 higher timeframe by model where price eventually moves
4680
4681 1171
4682 01:18:49,080 ~-~-> 01:18:55,470
4683 higher. on an hourly basis, you can see how the Australian
4684
4685 1172
4686 01:18:55,470 ~-~-> 01:18:59,640
4687 dollar traded within that same area of price. Okay, now,
4688
4689 1173
4690 01:18:59,640 ~-~-> 01:19:04,560
4691 look at How that one to 150 level reacted on an hourly
4692
4693 1174
4694 01:19:04,560 ~-~-> 01:19:07,740
4695 basis. Okay, so far we've only looked at a five and 15
4696
4697 1175
4698 01:19:07,740 ~-~-> 01:19:10,830
4699 minute chart on an hourly basis Look what unfolded
4700
4701 1176
4702 01:19:10,830 ~-~-> 01:19:16,440
4703 eventually price eventually moved up, okay? retested trade
4704
4705 1177
4706 01:19:16,440 ~-~-> 01:19:20,940
4707 up to one or 246 came down gave another buying opportunity,
4708
4709 1178
4710 01:19:21,210 ~-~-> 01:19:24,330
4711 okay and then rallied up and came back deep like we were
4712
4713 1179
4714 01:19:24,330 ~-~-> 01:19:29,700
4715 talking about earlier Okay in this retest of this old range
4716
4717 1180
4718 01:19:29,700 ~-~-> 01:19:33,810
4719 that we had initial accumulation they took it back down that
4720
4721 1181
4722 01:19:33,810 ~-~-> 01:19:36,750
4723 specific point gave them an optimal trade entry, okay and
4724
4725 1182
4726 01:19:36,750 ~-~-> 01:19:40,020
4727 then rallied up even higher and then eventually took out
4728
4729 1183
4730 01:19:40,020 ~-~-> 01:19:43,500
4731 this previous consolidation area. So this is that by model
4732
4733 1184
4734 01:19:43,680 ~-~-> 01:19:48,510
4735 come to fruition, okay, so over 200 and some pips okay offer
4736
4737 1185
4738 01:19:48,510 ~-~-> 01:19:53,130
4739 here as a short term trader. Okay, if you were looking for
4740
4741 1186
4742 01:19:53,130 ~-~-> 01:19:57,810
4743 that type of trade, but this is the area that we called for
4744
4745 1187
4746 01:19:57,870 ~-~-> 01:20:03,390
4747 in terms of Short term trading I did a video previous to all
4748
4749 1188
4750 01:20:03,390 ~-~-> 01:20:06,030
4751 the price action unfolding as it did here. And again, I'd
4752
4753 1189
4754 01:20:06,030 ~-~-> 01:20:09,690
4755 counsel you to take a look at Chris Laurie calm and go into
4756
4757 1190
4758 01:20:09,690 ~-~-> 01:20:12,600
4759 his video archive section and the webinar we did together
4760
4761 1191
4762 01:20:13,020 ~-~-> 01:20:16,230
4763 his archive there you can see the analysis that was done as
4764
4765 1192
4766 01:20:16,230 ~-~-> 01:20:22,380
4767 well. Looking at, obviously, the daily in terms of what it
4768
4769 1193
4770 01:20:22,380 ~-~-> 01:20:26,850
4771 looked like, all this price action in here is what was
4772
4773 1194
4774 01:20:26,880 ~-~-> 01:20:30,990
4775 called Okay, so over the period of few days, okay, you know,
4776
4777 1195
4778 01:20:31,020 ~-~-> 01:20:35,850
4779 up over 100 and some pips obviously, but eventually moving
4780
4781 1196
4782 01:20:35,850 ~-~-> 01:20:44,160
4783 to the point of over 200 and some pips. Now, if you're
4784
4785 1197
4786 01:20:44,160 ~-~-> 01:20:46,740
4787 looking at this video module, and you're wondering, this
4788
4789 1198
4790 01:20:46,740 ~-~-> 01:20:49,860
4791 looks nothing like the short term trading video module you
4792
4793 1199
4794 01:20:49,860 ~-~-> 01:20:53,160
4795 did like, where you talk about the 18 and 40 moving
4796
4797 1200
4798 01:20:53,160 ~-~-> 01:21:01,050
4799 averages, right. You're right because There's a difference.
4800
4801 1201
4802 01:21:01,110 ~-~-> 01:21:03,510
4803 Okay, there's short term trend trading, which is what that
4804
4805 1202
4806 01:21:03,510 ~-~-> 01:21:09,090
4807 vo module talked about. And then there is climax reversal,
4808
4809 1203
4810 01:21:09,720 ~-~-> 01:21:13,950
4811 short term trading. And this is what that premise was in
4812
4813 1204
4814 01:21:13,950 ~-~-> 01:21:17,670
4815 this teaching model module. Talking about how looking for
4816
4817 1205
4818 01:21:17,670 ~-~-> 01:21:21,630
4819 reversals at resistance and support levels is what we
4820
4821 1206
4822 01:21:21,630 ~-~-> 01:21:26,010
4823 focused here. Notice how the low here that we were targeting
4824
4825 1207
4826 01:21:26,430 ~-~-> 01:21:30,030
4827 based on trading the market maker profiles during that
4828
4829 1208
4830 01:21:30,030 ~-~-> 01:21:33,630
4831 specific time, the moving averages were saying what gets
4832
4833 1209
4834 01:21:33,630 ~-~-> 01:21:39,690
4835 short. Okay? But support resistance trumps everything. So
4836
4837 1210
4838 01:21:39,780 ~-~-> 01:21:43,560
4839 when you see that type of event unfold, obviously, the
4840
4841 1211
4842 01:21:43,560 ~-~-> 01:21:47,790
4843 moving averages are lagging. Okay, but price action is not.
4844
4845 1212
4846 01:21:48,120 ~-~-> 01:21:53,490
4847 It's leading. Okay, so, getting here long, in the very next
4848
4849 1213
4850 01:21:53,490 ~-~-> 01:21:58,410
4851 day getting long here as well, waiting for higher prices.
4852
4853 1214
4854 01:21:58,800 ~-~-> 01:22:01,920
4855 You can actually see the market recovered. Fall here on a
4856
4857 1215
4858 01:22:01,920 ~-~-> 01:22:05,550
4859 daily chart, because is that we're looking at here, here's
4860
4861 1216
4862 01:22:05,550 ~-~-> 01:22:09,990
4863 the range in here. Here's the breakout of that range, the
4864
4865 1217
4866 01:22:09,990 ~-~-> 01:22:14,610
4867 big Tyrannosaurus Rex jumped in the pool. Okay, and it's sat
4868
4869 1218
4870 01:22:14,610 ~-~-> 01:22:17,670
4871 still for a moment, and we've price to get stabilized again.
4872
4873 1219
4874 01:22:17,910 ~-~-> 01:22:20,610
4875 And then it puts next leg in, so to put more of its body and
4876
4877 1220
4878 01:22:20,610 ~-~-> 01:22:23,670
4879 then price eventually moves higher. And I can tell you, the
4880
4881 1221
4882 01:22:23,670 ~-~-> 01:22:26,970
4883 price has actually moved even higher than this, since this
4884
4885 1222
4886 01:22:26,970 ~-~-> 01:22:30,360
4887 particular low here as well. So we were very fortunate
4888
4889 1223
4890 01:22:30,360 ~-~-> 01:22:32,790
4891 enough to have a very good example of price action in the
4892
4893 1224
4894 01:22:32,790 ~-~-> 01:22:34,770
4895 Australian dollar. And I was very pleased to be able to
4896
4897 1225
4898 01:22:34,770 ~-~-> 01:22:35,400
4899 share that
4900
4901 1226
4902 01:22:36,390 ~-~-> 01:22:41,970
4903 beforehand in video recording, and targeting of the specific
4904
4905 1227
4906 01:22:41,970 ~-~-> 01:22:45,690
4907 price levels where I thought price was going to trade to and
4908
4909 1228
4910 01:22:46,470 ~-~-> 01:22:49,170
4911 be able to share that with Chris Laurie as well in a
4912
4913 1229
4914 01:22:49,170 ~-~-> 01:22:52,920
4915 webinar. So hopefully this has been very insightful to you
4916
4917 1230
4918 01:22:53,070 ~-~-> 01:22:56,220
4919 and gives you some framework to utilize some of your short
4920
4921 1231
4922 01:22:56,220 ~-~-> 01:22:59,940
4923 term trading and where to apply specific price patterns and
4924
4925 1232
4926 01:23:00,210 ~-~-> 01:23:05,130
4927 How to use that in your arsenal for short term trading, put
4928
4929 1233
4930 01:23:05,130 ~-~-> 01:23:08,730
4931 some thought into how you're going to be a trader, you can
4932
4933 1234
4934 01:23:08,730 ~-~-> 01:23:13,050
4935 use either one of them buy or sell module. And if you look
4936
4937 1235
4938 01:23:13,050 ~-~-> 01:23:18,990
4939 at that fractal pattern, again, if you just understand part
4940
4941 1236
4942 01:23:19,020 ~-~-> 01:23:23,010
4943 of the fractal, and you can make a career just on that, so
4944
4945 1237
4946 01:23:23,070 ~-~-> 01:23:26,820
4947 in a buy module, and you just see the sell aspect of it,
4948
4949 1238
4950 01:23:27,120 ~-~-> 01:23:29,640
4951 that's all you need. Okay, because remember, you can build a
4952
4953 1239
4954 01:23:29,640 ~-~-> 01:23:30,900
4955 career on 50 pips a week.