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3		-ICT: Okay, folks, essentials to market
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	2	+|1 |00:00:12,179 ~-~-> 00:00:23,249 |ICT: Okay, folks, essentials to market structure. And this module is going to be really based upon the premise of looking towards helping you educate yourself in
	3	+|2 |00:00:23,249 ~-~-> 00:00:37,889 |determining trade direction. This is probably one of the most reoccurring email, inquiries and posts that you see in the forums directed to me. It's my goal,
	4	+|3 |00:00:37,889 ~-~-> 00:00:48,719 |obviously, to share a little further amplification on some of the concepts that I use in determining trade direction. And hopefully, this will be insightful for
	5	+|4 |00:00:48,719 ~-~-> 00:01:01,469 |you. But what do we do when we sit down from the charts? What's the primary function as a trader? Well, you as a forex trader, you want to be finding your
	6	+|5 |00:01:01,469 ~-~-> 00:01:10,349 |way through price. And as a new trader, I can understand how daunting this task may be, because there's so many different timeframes, you have your monthly,
	7	+|6 |00:01:10,349 ~-~-> 00:01:18,959 |weekly, daily, four hour, one hour, 15 minutes or five minutes or one minute chart, you have tick charts, all these different timeframes, it's very
	8	+|7 |00:01:18,989 ~-~-> 00:01:29,429 |bewildering sometimes, if y'all understand really what it is you need to be doing, and breaking it down breaking down price in a uniform structured way. So
	9	+|8 |00:01:29,429 ~-~-> 00:01:38,939 |the first thing I'm going to really counsel you on is your primary objective is to know your timeframe that you're trading. Okay. And it gets back to what type
	10	+|9 |00:01:38,939 ~-~-> 00:01:44,879 |of trader you're going to be, are you going to be a position trader? Are you gonna be a swing trader, a short term trader, are you gonna be a day trader or a
	11	+|10 |00:01:44,879 ~-~-> 00:01:57,119 |scalper, I can't teach you how to find the correct style trader that's within you. That's all part of your personal makeup. So this module much in the same
	12	+|11 |00:01:57,119 ~-~-> 00:02:05,489 |capacity my other modules have been, they're going to speak in general terms, okay, but it's going to give you enough insight for you to be able to determine
	13	+|12 |00:02:05,519 ~-~-> 00:02:13,409 |what it is that you need to be focusing on for you to find the most optimal way of trading for you yourself, okay, because each of us are going to be different.
	14	+|13 |00:02:14,519 ~-~-> 00:02:25,349 |As you grow and you mature as a trader, you may be multi timeframe. Based in terms of trading and onwards, I consider myself a dynamic trader simply because
	15	+|14 |00:02:25,379 ~-~-> 00:02:39,779 |I can trade any one of these timeframes. Now I excel in the short term to swing trading area, but I can day trade, and I can scalp but I prefer not to, it would
	16	+|15 |00:02:39,779 ~-~-> 00:02:47,939 |be my advice to you is if you can try to work within the short term to day trading in the beginning, because it's going to give you the most immediate
	17	+|16 |00:02:48,059 ~-~-> 00:02:58,649 |feedback. And it's going to give you the confidence you need to be sticking to a plan because obviously, as a position trader, you don't have a whole lot of
	18	+|17 |00:02:58,649 ~-~-> 00:03:07,499 |opportunities materializing you that frequently. Swing Trading again, same capacity, it's going to be a little oil spill a little while between each setup.
	19	+|18 |00:03:07,499 ~-~-> 00:03:16,769 |So it's gonna be harder for a new trader looking to find themselves to wait between the signals and stick within that specific framework for trading. So
	20	+|19 |00:03:16,769 ~-~-> 00:03:25,379 |short term trading and day trading and scalping this avoid that for now. But we will talk about how you can utilize these concepts for scalping button. Again,
	21	+|20 |00:03:25,379 ~-~-> 00:03:34,019 |short term and day trades. If you are brand new to price action, those are very rewarding because they give you the immediate feedback, new traders sometimes
	22	+|21 |00:03:34,019 ~-~-> 00:03:43,949 |need. So let's talk about what the professional perspective is, when we're applying market structure. Well, obviously, for position trades, this is going
	23	+|22 |00:03:43,949 ~-~-> 00:03:53,489 |to be anywhere between three to as much as six to six months to a year in terms of duration. Now, I don't have a whole lot of types of trades like this, but
	24	+|23 |00:03:54,540 ~-~-> 00:04:04,800 |every three to four months in the marketplace, whether it be in stocks or commodities or Forex, there is a specific swing that manifests itself and we
	25	+|24 |00:04:04,800 ~-~-> 00:04:13,350 |talked about that in other videos and other teaching. I'm not going to cover that here. But if you are that type of trader, obviously the three timeframes
	26	+|25 |00:04:13,350 ~-~-> 00:04:23,640 |that you would utilize to break down market structure for your particular market would obviously be monthly, the weekly and the daily, okay, monthly being your
	27	+|26 |00:04:23,640 ~-~-> 00:04:33,720 |highest timeframe, your weekly being your midline or mid level timeframe. And then you have your daily that would be your short term. Now as a swing trader,
	28	+|27 |00:04:34,050 ~-~-> 00:04:44,790 |okay, your premise for breaking down market structure will be comprised over looking at the daily, the four hour and the one hour chart, okay. Your setup
	29	+|28 |00:04:45,030 ~-~-> 00:04:53,370 |will be based upon what you see on the higher timeframe the daily much in the same capacity for position trade. The monthly will be your position trade
	30	+|29 |00:04:53,400 ~-~-> 00:05:02,310 |premise hours if we are considerably overbought and there should be some kind of a topping formation on a monthly chart If you wouldn't look to see market
	31	+|30 |00:05:02,310 ~-~-> 00:05:14,370 |structure, break down on a weekly in daily the facilitate a short position, while on a swing trade model, you utilize that same measure of market structure
	32	+|31 |00:05:14,400 ~-~-> 00:05:24,870 |by utilizing the highest timeframe for swing trades. And this approach would be the daily chart and then breaking that down into four hour chart, and then
	33	+|32 |00:05:24,870 ~-~-> 00:05:37,500 |lesser price action study in the one hour chart. So you'll be timing on the one hour, you will be managing on the four hour. And your premise or the trade idea
	34	+|33 |00:05:37,500 ~-~-> 00:05:45,960 |would be built upon the highest timeframe, which would be the daily chart, okay, and the swing traders model here. If you're a short term trader, obviously, the
	35	+|34 |00:05:45,960 ~-~-> 00:05:55,950 |duration of time for these types of trades could be anywhere between one day to as much as a week or so. Swing Trading is about a week or more in terms of trade
	36	+|35 |00:05:55,950 ~-~-> 00:06:06,720 |duration, I forgot to mention that. But for short term trades, you'll be using the four hour chart for your trade premise or your directional bias. And then on
	37	+|36 |00:06:06,750 ~-~-> 00:06:17,070 |the one hour chart, that would be your trade management or mid level timeframe. And then your 15 minute chart would be utilized for your timing for entry and
	38	+|37 |00:06:17,520 ~-~-> 00:06:27,960 |possibly looking for early reversal signs that your trade may be petering out and it's time to take profits. For day trades. Obviously, you can see it's the
	39	+|38 |00:06:27,960 ~-~-> 00:06:38,460 |one hour chart and be highest timeframe, you will be managing your trade on the 15 minute timeframe. And your five minute chart will be utilized to enter. Now,
	40	+|39 |00:06:39,000 ~-~-> 00:06:48,900 |it's not to say that you can't use a five minute chart on the short term swing and position trades for entry. Okay, I'm giving you a framework for at least
	41	+|40 |00:06:48,900 ~-~-> 00:07:00,450 |having three timeframes across the spectrum of your trading. And how you break down market structure over these three specific timeframes for each individual
	42	+|41 |00:07:01,050 ~-~-> 00:07:15,570 |trading model will give you again, the building blocks to flesh out what you need to see in terms of directional bias, okay. Just take a look. closer look at
	43	+|42 |00:07:16,110 ~-~-> 00:07:29,040 |price, action and market structure. Now the keys to multiple timeframe market structure, okay are rather simple. Where's your focus, your focus should be on
	44	+|43 |00:07:29,040 ~-~-> 00:07:41,430 |the highest of the three timeframes. trades will be managed by the highest or mid timeframes. Okay. In other words, if you are a swing trader, you're going to
	45	+|44 |00:07:41,430 ~-~-> 00:07:53,730 |be utilizing that daily timeframe to manage or the four hour chart to manage your trade, okay, but the daily is going to be utilized to facilitate the trade
	46	+|45 |00:07:53,730 ~-~-> 00:08:02,640 |premise. In other words, that's going to give you your directional bias, okay, the market structure that is one the daily chart that's framing your swing
	47	+|46 |00:08:02,640 ~-~-> 00:08:12,180 |trades, okay? Once you get into a trade, you'd be managing that trade on a four hour time frame, and he would just use the respective timeframes we just talked
	48	+|47 |00:08:12,180 ~-~-> 00:08:20,610 |about in the previous slide. And then your one hour chart would be used for timing purposes. Okay, so the shortest time frame in that
	49	+|48 |00:08:21,000 ~-~-> 00:08:32,910 |regard for swing trading would be the 60 minute chart. So your entry signals would be derived from having studied the market structure on the daily and the
	50	+|49 |00:08:32,910 ~-~-> 00:08:44,880 |four hour, then your one hour chart was facilitate the specific entry point. Okay, so in order to do your entry concepts and techniques on the one hour chart
	51	+|50 |00:08:45,240 ~-~-> 00:08:55,470 |for swing trades, the highest probability trades are made in the higher timeframe direction, okay, now, there are going to be instances where the higher
	52	+|51 |00:08:55,470 ~-~-> 00:09:07,710 |timeframe premise may be bullish, but you're approaching a key resistance level. So that may be trumped. So that's where we're gonna go back to the core
	53	+|52 |00:09:07,710 ~-~-> 00:09:17,670 |essentials to technical analysis, that being support and resistance trumps everything. Okay. Without the understanding of key support resistance levels,
	54	+|53 |00:09:18,480 ~-~-> 00:09:27,120 |you're not going to get to a directional bias, regardless of what trading model you're using position, day trading, whatever it is, if it's not framed on the
	55	+|54 |00:09:27,120 ~-~-> 00:09:37,200 |premise of key support resistance levels, it's probably going to be a struggling point for you as well. Okay, so you have to go back to the core essentials to my
	56	+|55 |00:09:37,200 ~-~-> 00:09:46,770 |concepts and just sound trading all together. Key support resistance levels are where it's all at, okay, without those, all of these lines and all these
	57	+|56 |00:09:47,340 ~-~-> 00:09:53,940 |procedures that we're going to be covering here, and what we've covered in previous videos and such is going to do no good to you okay. So you have to
	58	+|57 |00:09:53,940 ~-~-> 00:10:04,320 |understand what is a key support resistance level. So if you are looking at the highest time frame for your particular month, That'll, that will hopefully draw
	59	+|58 |00:10:04,320 ~-~-> 00:10:14,160 |your attention to whatever key to support resistance level. At that point in price action. Obviously, you can always go out to a daily and weekly just as a
	60	+|59 |00:10:16,590 ~-~-> 00:10:24,060 |catch all as far as whatever timeframe you're trading, if you just look at it daily and weekly in terms of support resistance, those will be helpful to you.
	61	+|60 |00:10:25,110 ~-~-> 00:10:33,540 |Now, the market profiles will also assist you in market structure analysis concepts, that means are we in a trending market? Are we in a reversal pattern
	62	+|61 |00:10:33,570 ~-~-> 00:10:43,620 |or formation or that type of profile in the marketplace? And are we in a consolidation, preparing for a breakout scenario? Okay, so, market profiling is
	63	+|62 |00:10:43,800 ~-~-> 00:10:54,150 |essential to helping you in assisting you and measuring what the current market structure is. Okay, now, are we bullish or bearish?
	64	+|63 |00:11:00,509 ~-~-> 00:11:10,259 |Alright, we're looking at market structure, we're referring to market structure. What are we speaking about? What's the what is it that we're trying to get at?
	65	+|64 |00:11:10,649 ~-~-> 00:11:24,539 |Okay? Well, if you look at a price, rally up, and then price hitting a major resistance level, we're going to assume for a moment that this is your higher
	66	+|65 |00:11:24,539 ~-~-> 00:11:32,279 |timeframe. Okay, and I'm going to keep it generic because that way you can apply it to whatever your higher timeframe is, based on the model traded you are
	67	+|66 |00:11:32,309 ~-~-> 00:11:46,769 |aiming to be as price rallies up into what we perceive as a higher level, key resistance level. Price never moves in a straight line, okay, so there's going
	68	+|67 |00:11:46,769 ~-~-> 00:11:56,369 |to be a consolidation of price move up another consolidation of price move up, and then as price makes it into this resistance level, then we would be
	69	+|68 |00:11:56,369 ~-~-> 00:12:08,969 |anticipating a reversal. So when markets start to break down, taking out the short term, swing lows in here, this short term swing low, when the highest
	70	+|69 |00:12:08,969 ~-~-> 00:12:17,879 |timeframe for your particular trading model. Once that breaks, this would be the catalyst for you to say, Okay, this is probably going to be an optimal trade
	71	+|70 |00:12:17,879 ~-~-> 00:12:31,379 |entry based on the higher time frame chart of your profile. Okay, so for an example, let's just say that this is a monthly chart, and you're looking for a
	72	+|71 |00:12:31,379 ~-~-> 00:12:39,689 |position trade. Okay, the monthly hits a key resistance level like this, and it comes down takes out a short term low and a monthly, we know now, that market
	73	+|72 |00:12:39,689 ~-~-> 00:12:49,499 |structure has broken, okay, so we have a market structure shift right here. Okay. Now, we don't know what price is doing over here. This is all in the
	74	+|73 |00:12:49,499 ~-~-> 00:12:57,179 |future. We're anticipating these types of events in terms of price action, but until we actually get there and starts trading, we can't deal with that yet. So
	75	+|74 |00:12:57,209 ~-~-> 00:13:08,759 |it's all an anticipation in our anticipated anticipatory model. As far as our framework and thinking about price action, this is what we would expect to see
	76	+|75 |00:13:08,999 ~-~-> 00:13:20,969 |once this structure has been broken. Okay. But as price starts to rally up, we don't anticipate seeing a break through this resistance level. Okay, if we
	77	+|76 |00:13:20,969 ~-~-> 00:13:28,409 |arrived at this as a possible resistance level, we would expect the retracement for natural trade entry, but then we would zoom in in this area right here.
	78	+|77 |00:13:29,039 ~-~-> 00:13:43,799 |Okay, on a weekly timeframe to hone in on more key shorter term timeframe, price levels. And then by zooming in, okay, we would possibly see a shorter term
	79	+|78 |00:13:43,829 ~-~-> 00:13:55,439 |optimal trade entry or respective sell pattern to convince us even further that this is probably going to be a selling scenario. If we move down into a daily
	80	+|79 |00:13:55,439 ~-~-> 00:14:05,639 |and see something even similar to that, okay, you would have all these nesting confluences of implied resistance levels, once a higher timeframe, market
	81	+|80 |00:14:05,639 ~-~-> 00:14:15,719 |structure is broken down, then we would be able to position ourselves in sync with a top down approach with market structure. Okay. And then as price starts
	82	+|81 |00:14:15,719 ~-~-> 00:14:27,029 |to trade down, this is the gray area all these areas where there's missing gaps. Okay, that's intentional. Okay. We don't know what's going to take place between
	83	+|82 |00:14:27,059 ~-~-> 00:14:34,979 |the time where we see an entry point, and where we expect to see price get to in terms of our targets, and we'll talk more about that later on. But this is the
	84	+|83 |00:14:34,979 ~-~-> 00:14:42,779 |gray area where you have to be comfortable with okay, because you don't know what's going to happen from your entry point. And your expected exit point.
	85	+|84 |00:14:43,049 ~-~-> 00:14:49,139 |Okay. You don't know if it's going to go down there. Okay. You don't know if it's gonna reverse and take you out of the trade. Okay. But the overall
	86	+|85 |00:14:49,139 ~-~-> 00:15:03,599 |framework, okay, or price structure. Okay, this is how market structure is built. Okay, this is a price rally and a decline okay. We have consolidation. If
	87	+|86 |00:15:03,599 ~-~-> 00:15:12,329 |we expect to see some kind of a rally in here, something's bullish that we would expect to support that as price starts to rally up, okay? We could be utilizing
	88	+|87 |00:15:12,329 ~-~-> 00:15:26,039 |our mid level or shorter term level timeframes to to see. bullishness, okay, we want to see support being held resistance being broken. Okay. And every time
	89	+|88 |00:15:26,039 ~-~-> 00:15:34,649 |price starts to pull back and retrace in here, the market structure concept that you would be utilizing it would be to simply look for optimal trade entries.
	90	+|89 |00:15:35,129 ~-~-> 00:15:43,919 |Okay, for buys, you would be looking for reflections to buy, you'd be looking for type two trend following bullish scenario. So in other words, in all this
	91	+|90 |00:15:43,919 ~-~-> 00:15:55,019 |area here, you'd be looking for price finding support and resistance being broken. Okay, it's that it's that simple. That's the whole framework behind
	92	+|91 |00:15:55,019 ~-~-> 00:16:00,629 |market structure. And as price rise up into another shorter term or me term resistance level in here,
	93	+|92 |00:16:02,250 ~-~-> 00:16:12,930 |price will hopefully find some support, okay, but if it does start to break down, be comfortable with price coming back and blowing out previous lows in
	94	+|93 |00:16:12,930 ~-~-> 00:16:22,740 |here. Okay, there may be an important load it's taking place, and trailing stop loss orders would be trailed up below that particular point. Okay. So as price
	95	+|94 |00:16:22,740 ~-~-> 00:16:30,840 |dips back down, all that's going to do is give you another opportunity to get long. Okay? Now again, let's think for a moment, this is the higher timeframe
	96	+|95 |00:16:30,840 ~-~-> 00:16:39,540 |premise. Okay, this is the highest timeframe chart when we start seeing this consolidation here, and we see the higher level resistance level because these
	97	+|96 |00:16:39,540 ~-~-> 00:16:48,480 |are all noon in advance. This is why we have support resistance studies done. This is all part of our top down analysis seeing where price may be reaching
	98	+|97 |00:16:48,480 ~-~-> 00:16:57,690 |for. So if we start seeing price rally up in here and then consolidate again, in this is another higher level key resistance level. If price continues to
	99	+|98 |00:16:57,690 ~-~-> 00:17:08,700 |maintain support, and breaks above all these short term highs in here, the market structure implies that we could possibly see a leg from this low or
	100	+|99 |00:17:08,700 ~-~-> 00:17:24,780 |whatever low would form back here to this high duplicated on a retracement here from this low to this high. The same thing can be said with market declines and
	101	+|100 |00:17:24,780 ~-~-> 00:17:36,390 |reversals going along. Every time we see a consolidation, consolidations, you want to study these for shorter term, more dynamic support resistance levels.
	102	+|101 |00:17:36,900 ~-~-> 00:17:48,900 |These areas are more easily tradable because they have discernible price levels, they're very clear. We don't know how it's going to take price, from these
	103	+|102 |00:17:48,900 ~-~-> 00:17:57,390 |consolidations to the next consolidation, we don't know that we anticipate that gray area that's missing these little pieces of market structure that's missing.
	104	+|103 |00:17:58,110 ~-~-> 00:18:10,680 |I left that out because I want you to think like this. Okay, it's, if it's a little confusing Now, I understand. But you apply the same general I don't want
	105	+|104 |00:18:10,680 ~-~-> 00:18:23,340 |to say profile. But this diagram, okay, in other words, in terms of how I have priced lows, illustrated here, if you look at how price declines actually
	106	+|105 |00:18:23,340 ~-~-> 00:18:34,590 |materialize, you'll start to see these lows form like this. And inside of these consolidations, and in every swing loaded forms, there's going to be a
	107	+|106 |00:18:34,590 ~-~-> 00:18:46,050 |discernible optimal trade entries or reflection patterns, or generally fractal patterns. Okay, so you would apply these concepts, okay, with all the other
	108	+|107 |00:18:46,050 ~-~-> 00:18:58,920 |concepts we've previously discussed. But looking at, obviously, a higher level key support level down here are the catalysts. Okay? So as price moves from a
	109	+|108 |00:18:58,920 ~-~-> 00:19:09,090 |consolidation down into a new consolidation, much in the same capacity, we just saw with the bullish move, reaching up into a higher level resistance level, we
	110	+|109 |00:19:09,090 ~-~-> 00:19:17,490 |could be seeing a consolidation in here with this higher level of support level down here. This would be where price may be reaching for. So if it's
	111	+|110 |00:19:17,490 ~-~-> 00:19:27,090 |consolidating here, we could look for a move from whatever high forms here to this low, okay? duplicate it from this high or whatever high forms in this area
	112	+|111 |00:19:27,360 ~-~-> 00:19:38,910 |down to this low. Okay, so, while this diagram is fragmented, okay, think of in terms of the market maker profiles that I just recently shared with you guys
	113	+|112 |00:19:38,910 ~-~-> 00:19:48,180 |this year. You see that same premise here as well. I don't need to draw the lines in here. You can actually probably remember by the way the profile was
	114	+|113 |00:19:48,210 ~-~-> 00:19:59,100 |given to you. You can actually see it in here. Okay. So as price is engineered to go lower down into a support level, ultimately to trade higher. This is the
	115	+|114 |00:19:59,100 ~-~-> 00:20:06,480 |building blocks that we Work with, okay. Now, because we have to live in the gray area and not
	116	+|115 |00:20:08,160 ~-~-> 00:20:16,860 |expect a simple black and white premise to trading. When we see consolidation here, and price moved down to a new area of consolidation and price moves down
	117	+|116 |00:20:16,860 ~-~-> 00:20:24,300 |to a new cup area consolidation. And then we have short term breaks on market structure. Okay. And then once we have a shift in market structure right here,
	118	+|117 |00:20:24,660 ~-~-> 00:20:32,430 |as price trades down in that support level, again, this is all assuming this is the highest level of your three timeframes that you're trading with, for your
	119	+|118 |00:20:32,430 ~-~-> 00:20:41,730 |particular trading model. When you see this shift in market structure here, we would anticipate seeing a bullish move higher. But here's where we enter a new
	120	+|119 |00:20:41,730 ~-~-> 00:20:54,300 |level of gray. When we move into this new consolidation in here, this may not always translate into even higher prices going up like we have here implied, it
	121	+|120 |00:20:54,300 ~-~-> 00:21:03,750 |could be just reaching up to go back to this range from this old high to this low member inside the range concepts. Okay, so you have to have that in mind. So
	122	+|121 |00:21:03,750 ~-~-> 00:21:14,250 |that's why if you're going to be getting long down here, expect to see some type of profit taking here. Right. And you would be able to see that utilizing your
	123	+|122 |00:21:14,250 ~-~-> 00:21:25,020 |mid level chart. Okay, for your swing projections. Okay, and we'll talk about that more as we go on. But generally, as you see price come down in here, every
	124	+|123 |00:21:25,020 ~-~-> 00:21:34,320 |time price retraces and gives you new optimal trade entries. That's what you're looking for, you want to see price holding support, breaking resistance, okay,
	125	+|124 |00:21:34,350 ~-~-> 00:21:45,120 |on this side of the support level being found. But as we're trading down into that support level, we're anticipating market structure to break lows, and then
	126	+|125 |00:21:45,120 ~-~-> 00:21:55,800 |find resistance, break lows, find resistance, break lows, find resistance, okay? So every new consolidation, if we're expecting price reaching down to a higher
	127	+|126 |00:21:55,800 ~-~-> 00:22:04,050 |level support level, okay, when our highest level chart, that's why we do our analysis on the highest level, because you want to see where price is probably
	128	+|127 |00:22:04,050 ~-~-> 00:22:13,860 |reaching for. And by seeing where the highest level chart in our particular trading model is reaching for. Again, we don't know for certain that they're
	129	+|128 |00:22:13,860 ~-~-> 00:22:22,380 |always going to get there. But if you look in these higher level charts, it's going to give you the highest probability in terms of success. If price doesn't
	130	+|129 |00:22:22,380 ~-~-> 00:22:33,300 |get to these particular points, and we start seeing early market, shifts in market structure, this could be a catalyst for you know, another type of trade,
	131	+|130 |00:22:33,540 ~-~-> 00:22:41,700 |okay, we could possibly get along in here and maybe even reach up into the range from the high to this low here, that may be a means of profitability, it should
	132	+|131 |00:22:41,700 ~-~-> 00:22:55,230 |be a good reward to risk scenario here, okay, three to one could still exist within that framework, and that framework of price action, okay. But again, even
	133	+|132 |00:22:55,230 ~-~-> 00:23:08,850 |if that happens, we could still take some short term trades in here. But that may be a very, very short term bias, only taking you up to a higher level bias
	134	+|133 |00:23:08,850 ~-~-> 00:23:18,330 |to get lower support levels here taken out, okay, in other words, it used the, you're gonna have to blend some concepts here, the inside the range concepts,
	135	+|134 |00:23:19,080 ~-~-> 00:23:31,320 |simply looking at lower lows and lower highs. Okay, if we do get a short term bounce in here between the high that's formed here and the low here. This could
	136	+|135 |00:23:31,320 ~-~-> 00:23:36,270 |be creating another trade entry to get that fulfillment of this lower level support level down here.
	137	+|136 |00:23:42,089 ~-~-> 00:23:54,299 |Now, again, we've seen this diagram before, assuming that we have a high up in here reaching into resistance. As price breaks this short term low here the
	138	+|137 |00:23:54,299 ~-~-> 00:24:04,979 |market structure is broken. So as price starts to retrace, every time it retraces we're looking for new selling opportunities. But if we see a previous
	139	+|138 |00:24:04,979 ~-~-> 00:24:18,419 |swing, as we see here, see this price swing here? Okay, if this levels taken out here, if we get a retracement or another additional sell signal, this is where
	140	+|139 |00:24:18,419 ~-~-> 00:24:29,999 |we use swing projections. Just on price. We're not using Fibonacci you can, but just looking at simple price action alone, this low to high once it's broken,
	141	+|140 |00:24:30,359 ~-~-> 00:24:41,339 |you can start taking this same measureable swing from this point here down to that same level and projected lower. Okay, and you get somewhere in this area
	142	+|141 |00:24:41,339 ~-~-> 00:24:53,819 |here. Now I purposely allowed the diagram to be a little bit farther because I teach to exit on a trade before the actual objective is met. Okay, so every time
	143	+|142 |00:24:54,059 ~-~-> 00:25:03,269 |we see a broken swing, okay, this is a swing that's broken here in the old system. Here are whatever load it would have formed in here. I'm assuming that
	144	+|143 |00:25:03,269 ~-~-> 00:25:16,049 |you can see this as, as a swing. When it's broken right here, we went below it here, if we retrace back into it, okay, I'm also purposely drew this a little
	145	+|144 |00:25:16,049 ~-~-> 00:25:30,089 |bit past what would be expected as resistance. I've purposely allowed this to move beyond this low here. To illustrate how support resistance can be. Gray as
	146	+|145 |00:25:30,089 ~-~-> 00:25:38,369 |well, it's not black and white, you're going to have to allow some flexibility with price. So when it starts to pull back deeper, okay, this still can set up
	147	+|146 |00:25:38,369 ~-~-> 00:25:48,599 |the optimal trade entry. Okay, and while this isn't the exact level price was able to stave off of rally, it still was working within the previous range here,
	148	+|147 |00:25:49,079 ~-~-> 00:25:59,459 |and this pie here as well. So we're still within a bearish market structure. So don't be lulled into thinking this is going to be a long to go higher. Assuming
	149	+|148 |00:25:59,459 ~-~-> 00:26:09,389 |again, this is a higher level of resistance level. And again, every little short term retracement here could be a catalyst for an additional entry using our
	150	+|149 |00:26:09,389 ~-~-> 00:26:20,189 |smallest of the three timeframes. Again, this is all modeling off of the highest timeframe. Okay, and then assuming once we get this broken down, this swing low
	151	+|150 |00:26:20,189 ~-~-> 00:26:29,969 |here broken, we could utilize the mid level chart for additional entries. And or managing of a position that's already been assumed based on the highest of the
	152	+|151 |00:26:29,969 ~-~-> 00:26:42,179 |three timeframes. Now as price also breaks down these swings are just swing up once it's broken, okay, this is an engineered swing, okay? You see this in price
	153	+|152 |00:26:42,179 ~-~-> 00:26:53,189 |action all the time. Okay, it's a measured move, very simple, taking this low to this high, whatever that range is subtracted from that same point here. And
	154	+|153 |00:26:53,189 ~-~-> 00:27:05,339 |projected lower. Okay, that's the measured swing, here is a measured leg move, you have the high down to a low here, price starts to retrace. And here, we
	155	+|154 |00:27:05,339 ~-~-> 00:27:16,619 |could see this as an intermediate term price swing guy or price leg. So we have a measurable swing here that we can use for projections, then we also have a
	156	+|155 |00:27:16,619 ~-~-> 00:27:27,599 |measurable lake. Okay, so we had the first leg and price down here. And we retraced back, utilizing the framework that's based on this swing up. Okay, so
	157	+|156 |00:27:27,599 ~-~-> 00:27:37,769 |we're blending two concepts here, a swing that's broken, okay. And within a bearish market structure, then we also have retracement back into a previous
	158	+|157 |00:27:37,799 ~-~-> 00:27:48,119 |support broken, it should act as resistance, okay. And notice how this low here a chai that more or less imply that phrase could be reaching for even a shorter
	159	+|158 |00:27:48,119 ~-~-> 00:27:58,199 |term support that's broken now as resistance. So what might look real clear and discernible on the charts, it may not be as clear cut as that. But we would
	160	+|159 |00:27:58,199 ~-~-> 00:28:09,059 |expect this to be an enemy at term retracement for a new leg down. And that's when you would expect to see the high too low here on this leg. Repeat repeated
	161	+|160 |00:28:09,059 ~-~-> 00:28:11,519 |and projected from this high waveforms here.
	162	+|161 |00:28:13,109 ~-~-> 00:28:24,959 |Down here, and that would look similar to what we'd expect when you see me a term highs and lows. mid term high is obviously a high, there has lower highs on
	163	+|162 |00:28:24,989 ~-~-> 00:28:37,739 |either side of it. Okay, and any near term low is a low that has two higher lows on either side of it. So it's very easy to see and simply looking at your
	164	+|163 |00:28:37,739 ~-~-> 00:28:48,239 |candles and your bars on your respective timeframes. And when you see these, note them, okay. And by noting them, you'll have whatever ways you want to have
	165	+|164 |00:28:48,239 ~-~-> 00:28:56,489 |it. You know, I'm delineating and denoting that with these blue circles here, it could be anything on your charts, you could have stars, you could, you could
	166	+|165 |00:28:56,489 ~-~-> 00:29:04,979 |just you type, intermediate term high, whatever, you can put the little arrows on it, whatever it is that you use to identify that that's your way of doing it.
	167	+|166 |00:29:05,519 ~-~-> 00:29:15,539 |But it's important you understand where they're at. And when they start to nest out like this, okay? You can classify enemy a term to now long term because if
	168	+|167 |00:29:15,539 ~-~-> 00:29:27,329 |we have lower highs on either side of the it, okay, this would classify this as a long term high. That would also allow you to expect to see much longer term
	169	+|168 |00:29:27,329 ~-~-> 00:29:39,419 |price swings, okay? So by nesting out and marking off your swing highs and swing lows on your respective timeframes, you start to build a framework that's needed
	170	+|169 |00:29:39,419 ~-~-> 00:29:51,029 |to be able to discern if you're in an area term, or short term price swing in within your market structure. Now that lag that we were talking about earlier,
	171	+|170 |00:29:51,329 ~-~-> 00:30:01,229 |can be seen here by having that immediate term High Noon ID. So this is a aimia term, price leg. And then here's your immediate term retracement. Okay, and then
	172	+|171 |00:30:01,229 ~-~-> 00:30:10,799 |you would see, obviously, the next leg down would be replicated. So you can see the range between this low to high is exactly what you see here, causing you to
	173	+|172 |00:30:10,799 ~-~-> 00:30:18,959 |expect or anticipate price movement back here. If you're in a trade still, once, you've retraced you can expect to hold on to that trade to get back down to
	174	+|173 |00:30:18,959 ~-~-> 00:30:27,509 |these levels here, which would obviously hopefully be a higher level support level to also converge and have a confluence of reasons to expect to take some
	175	+|174 |00:30:27,509 ~-~-> 00:30:28,199 |profits there.
	176	+|175 |00:30:34,589 ~-~-> 00:30:47,279 |Now, by having all these things in the forefront of your mind having specific price legs and price swings, and how they nest together, it's important you
	177	+|176 |00:30:47,279 ~-~-> 00:30:55,139 |understand that the framework of your market structure is derived from the highest level the three timeframes you're trading with. That's where your, your
	178	+|177 |00:30:55,139 ~-~-> 00:31:08,759 |the framework or the or the basis of your trade is built upon. Your mid level chart is used to zero down into a smaller timeframe expecting to find support
	179	+|178 |00:31:08,759 ~-~-> 00:31:16,109 |resistance levels that may not be discernible and your highest timeframe, then your lowest timeframe is used for your entry. And we're talking about that
	180	+|179 |00:31:16,109 ~-~-> 00:31:26,549 |specifically here, assuming we've built the premise of market structure, and assuming that it's bullish, okay, everything we're talking about here would be
	181	+|180 |00:31:26,549 ~-~-> 00:31:36,209 |obviously reverse for selling scenarios. But assuming we have a bullish market structure, okay, we're a swing trader, let's say for a moment that our highest
	182	+|181 |00:31:36,599 ~-~-> 00:31:47,489 |timeframes suggest that we have a bullish market structure underway, we've traded off of a higher level, support level. And price has given us a broken
	183	+|182 |00:31:47,819 ~-~-> 00:31:56,279 |market structure to the upside, in case there's going to market structure shift, short term highs had been broken on our highest level timeframe chart, our mid
	184	+|183 |00:31:56,279 ~-~-> 00:32:06,329 |level timeframe has allowed us to zero and define a key support resistance level. Now, we have this higher level key support resistance level, that's also
	185	+|184 |00:32:06,329 ~-~-> 00:32:15,749 |converging with our mid level support resistance level. Okay, and that same support resistance level may be a confluence of maybe a pivot, a trinity level,
	186	+|185 |00:32:16,049 ~-~-> 00:32:22,889 |okay? It could be a pattern that overlaps with that specific debt level. Okay. And
	187	+|186 |00:32:24,270 ~-~-> 00:32:38,520 |we now have a bias, okay, this bias is bullish, it does not mean every single day, you're going to get us a trade that's going to materialize as a bullish
	188	+|187 |00:32:38,520 ~-~-> 00:32:48,750 |move and see profitability. If it was, if it was just that simple guys, everybody would be multimillionaires and be we'd be we, we'd all be Warren
	189	+|188 |00:32:48,750 ~-~-> 00:33:01,200 |Buffett's super rich. So obviously, you know, it's it's not that easy. You have to have some discernment and allow for some failure, because it's going to
	190	+|189 |00:33:01,200 ~-~-> 00:33:11,040 |happen. But assuming that we have that, that premise, okay, our bias is to buy, it doesn't mean that traders can't make money going short, this specific day or
	191	+|190 |00:33:11,040 ~-~-> 00:33:23,070 |timeframe. Okay, it just means that you are going to stick to being a bull at this particular day, four particular timeframe. Okay. So with that, and with
	192	+|191 |00:33:23,070 ~-~-> 00:33:32,100 |that in mind, we always go back to our key premise of trading within kill zones. Okay. So you want to be doing your entries in your kill zone times, London,
	193	+|192 |00:33:32,100 ~-~-> 00:33:42,780 |open, New York, open, London, close or Asia. Okay, but assuming we have already arrived at our time of day when we're going to be trading, okay, we already
	194	+|193 |00:33:42,780 ~-~-> 00:33:51,750 |understand that the kill zone when it's going to begin, we already have our key support resistance level already identified. And we know where price should get
	195	+|194 |00:33:51,750 ~-~-> 00:33:59,490 |to before we do anything. And that's going to be basically this little area right here. So when we're going to be seeing price, hopefully, at some point,
	196	+|195 |00:33:59,490 ~-~-> 00:34:08,400 |move down to that level here. This is our action point. This is where we take action, we do the entry here. Now it could be on a limit basis, or it could be a
	197	+|196 |00:34:08,400 ~-~-> 00:34:20,370 |market order, but we're utilizing time price theory. Okay. So this is what it looks like in in your mind. There's nothing happening yet. you anticipate these
	198	+|197 |00:34:20,370 ~-~-> 00:34:31,770 |events unfolding within a specific time of day with a specific bias in mind. Okay? You want to see these things line up? And I think what happens is you guys
	199	+|198 |00:34:31,800 ~-~-> 00:34:41,190 |send me emails you talk about on the internet posting on baby pips forums. I don't know what the bias is for today. here's here's the secret every day. The
	200	+|199 |00:34:41,190 ~-~-> 00:34:52,500 |bias is both directions. Every day the bias is both directions. Think about that. There's traders making money going long and short that day. But you had to
	201	+|200 |00:34:52,770 ~-~-> 00:35:00,270 |decide on what it is that you're trading based on your timeframe in your profile. Okay as a trader Are you a short term trader swing trader Are you a
	202	+|201 |00:35:00,270 ~-~-> 00:35:11,580 |position trader, and you're looking for the bias that you're holding to line up with price action? Okay, you can't force price action to do what you want to do,
	203	+|202 |00:35:11,820 ~-~-> 00:35:21,360 |you can only get yourself in sync with what price may be doing and allowing you a ride. Okay, so with that assumption, we're looking at price here and with the
	204	+|203 |00:35:21,540 ~-~-> 00:35:30,930 |bullish premise that we would be expecting to see higher prices if we get down to this support level. Okay, so we've established that the higher timeframe of
	205	+|204 |00:35:30,930 ~-~-> 00:35:41,670 |the three timeframes we use for market structure study is now bullish. Okay. We assumed that we have a very respectable support level down here. Okay. So if
	206	+|205 |00:35:41,670 ~-~-> 00:35:48,840 |price trades back down to that level, within a kill zone, we're going to be taking action here to buy, okay, and all we simply do at that point is you wait,
	207	+|206 |00:35:49,140 ~-~-> 00:35:56,280 |you wait until the kill zone starts. And when price gets to a specific point, you use whatever entry technique or concept you're going to be utilizing for
	208	+|207 |00:35:56,280 ~-~-> 00:36:06,900 |your trade entry, which could be optimal trade entry. It could be reflection, it could be a Grail, it could be a stinger, it could be any, any one of the trading
	209	+|208 |00:36:06,900 ~-~-> 00:36:14,460 |patterns that you're utilizing, but it's happening at a key support resistance level, with the higher time frame of the three front timeframes you use for
	210	+|209 |00:36:14,460 ~-~-> 00:36:23,250 |market structure, giving you your buy. So when you have that this is your action plan, this is what you do. You don't do anything else. Okay? This could be a
	211	+|210 |00:36:23,250 ~-~-> 00:36:31,890 |sell pattern here. Okay, for someone that's very short term trader, okay, and trades down. In days, they've made money from this point here to hear, that's
	212	+|211 |00:36:31,890 ~-~-> 00:36:45,000 |not your trade. Okay? So don't try to force more out of the concept and it's intended, okay, you're just simply looking for a bias for your style of trading,
	213	+|212 |00:36:45,360 ~-~-> 00:36:52,890 |okay? It doesn't mean that you're going to be right all the time. Okay. So take that out of the equation, all you're doing is looking to get yourself in sync
	214	+|213 |00:36:52,890 ~-~-> 00:36:57,840 |with whatever price action is doing, based on your premise or your style of trading.
	215	+|214 |00:37:03,240 ~-~-> 00:37:15,720 |Alright, obviously, this is a very simple approach to dealing with directional bias. But it's meant to help you avoid deal for complication. That tends to
	216	+|215 |00:37:15,720 ~-~-> 00:37:23,940 |happen with traders, okay. And it's usually the new traders that try to add all these things to it and squeeze all the tools into giving them a directional bias
	217	+|216 |00:37:23,940 ~-~-> 00:37:32,790 |with the expectation falsely, I'll be it, that they're going to always know what direction the marks gonna move every single day. And I'm going to tell you guys,
	218	+|217 |00:37:32,790 ~-~-> 00:37:43,590 |I've been doing this almost 20 years, and I don't get it right, every single day. Okay, you know what the secret is to my trading? I simply wait until
	219	+|218 |00:37:43,650 ~-~-> 00:37:52,860 |everything lines up, that I like to see where the majority of all my tools, not all of them, the majority of the things that I'd like to see, based on my
	220	+|219 |00:37:53,250 ~-~-> 00:38:03,870 |understanding what markets suggesting to me, or what profile are we in? Are we overall ripe for reversal? Are we in a trending condition? Are we in a
	221	+|220 |00:38:03,870 ~-~-> 00:38:13,650 |consolidation area where, you know, I don't want to be taking any kind of trading, you know, with the expectation that we're going to have a trending type
	222	+|221 |00:38:13,650 ~-~-> 00:38:23,430 |of event unfold, because we're gonna be working within a large consolidation. I use that as my building blocks. And then by using the market profiling to give
	223	+|222 |00:38:23,430 ~-~-> 00:38:30,780 |me the initial clue as to where we may be trading, then I've started looking at actual individual market structure concepts on the three timeframes that I use
	224	+|223 |00:38:30,990 ~-~-> 00:38:41,550 |for whatever type of trading I'm doing at the time. Because I am dynamic, I move from one timeframe, or profile trading to another one week, I may be simply a
	225	+|224 |00:38:41,550 ~-~-> 00:38:53,550 |day trader. In other weeks, I'll be a short term trader. And I wish there's a way for me to teach that premise from moving from one dynamic to another. I
	226	+|225 |00:38:53,550 ~-~-> 00:39:04,680 |can't. So that may be disappointing to you. But this is a limitation on me as a mentor, I just I don't know how to communicate that. But I can give you concepts
	227	+|226 |00:39:04,710 ~-~-> 00:39:14,310 |and approaches to do specific styles of trading. And you just have to wait for the opportunities where price action gives you that sweet spot in terms of being
	228	+|227 |00:39:14,310 ~-~-> 00:39:23,580 |able to apply it. Okay. So by selecting a directional bias, and this does not guarantee profitability, it's very important you understand that, nor does it
	229	+|228 |00:39:23,580 ~-~-> 00:39:33,600 |guarantee accuracy in either your trade direction and or your trade results. One traders bias may be bullish, okay. They're looking for buys in that may exist
	230	+|229 |00:39:33,630 ~-~-> 00:39:44,550 |inside the realm of another traders sell bias. They both can be correct and make money and even see both their respective profit objectives achieved. They both
	231	+|230 |00:39:44,550 ~-~-> 00:39:55,050 |can be wrong and make money despite their respective profit objectives not being achieved. Again, it's not being about being, quote unquote, correct. It's about
	232	+|231 |00:39:55,050 ~-~-> 00:40:03,540 |being profitable. However, they both could simply lose money and neither trade ideas differentiation, there is no black and white. It's very important. You
	233	+|232 |00:40:03,540 ~-~-> 00:40:15,180 |understand that, as a trader, you must enter the gray and be comfortable with the less than perfect visibility trades with the foresight that you're expecting
	234	+|233 |00:40:15,180 ~-~-> 00:40:26,010 |don't exist. Nobody has a crystal ball. I don't have it. I'm still trading on the probabilities, not the perfect scenario. There's no perfect scenario, okay?
	235	+|234 |00:40:27,210 ~-~-> 00:40:37,740 |You, as a trader will see trades materialize, that will provide you plenty of profit taking potential. live there. Don't expect 100% it's not going to happen.
	236	+|235 |00:40:37,830 ~-~-> 00:40:48,270 |Okay, cuz I guarantee you, the only thing 100% is going to happen is you're going to go nuts, expecting an impossibility. Find your timeframe as a trader,
	237	+|236 |00:40:48,810 ~-~-> 00:40:57,480 |determine the market structure given for that timeframe. Trade within that respective market structure and perform your targeting on the highest end mid
	238	+|237 |00:40:57,480 ~-~-> 00:41:07,560 |level timeframes. And I promise you, you'll have more than enough trades laid at your feet. But it's not about trading every day. And it's not about capturing
	239	+|238 |00:41:07,590 ~-~-> 00:41:18,720 |1000 pips a month, okay? It's about consistently harvesting profits out of the marketplace, keeping risk low and your action level low. Don't try to trade a
	240	+|239 |00:41:18,720 ~-~-> 00:41:28,230 |whole lot. Keep your trading controlled. That way you're going to control your emotions, your expectations will be kept realistic, and you're going to live
	241	+|240 |00:41:28,230 ~-~-> 00:41:41,010 |comfortably in the gray. Okay, folks, we are looking at the British Pound USD, or what is commonly referred to in my videos and throughout the Forex industry
	242	+|241 |00:41:41,010 ~-~-> 00:41:52,680 |as the cable is a monthly chart. Okay, and we're going to be discussing primarily the approach to developing your directional bias and
	243	+|242 |00:41:53,940 ~-~-> 00:42:02,370 |looking for trades in that direction for all facets of your trading, whether it be position trading, swing trading, short term trading, or day trading, or even
	244	+|243 |00:42:02,370 ~-~-> 00:42:16,590 |the scalper. Again, I like to preface all these videos with the fact that while I do comment, rarely on scalping, and you'll hear it mentioned in this video, I
	245	+|244 |00:42:16,590 ~-~-> 00:42:24,990 |do not advocate that type of trading simply because it's too short term. For my personal taste. That's not to say that you can't make money. It's not to say
	246	+|245 |00:42:24,990 ~-~-> 00:42:37,530 |that you can't find consistent setups with these concepts. For scouts, it just means that it's just not my forte, I waste a lot of time and, and lost a lot of
	247	+|246 |00:42:37,530 ~-~-> 00:42:47,820 |mine doing that, you know, in the beginning until I really found out what I was doing. And I just want to add that every time I mentioned it because I'm
	248	+|247 |00:42:47,850 ~-~-> 00:43:00,660 |actually strongly against scalping. And now my view of scalping is anything less than 20 pips, so if you can't make 20 pips out of the move, it's by my
	249	+|248 |00:43:00,660 ~-~-> 00:43:13,830 |definition, a scalp, okay? So anything 20 pips or greater is what we're looking for. So that which divides my scalp. You know, 2030 pips is my scalp anything
	250	+|249 |00:43:13,830 ~-~-> 00:43:24,480 |greater than that's a short term trader day trade. And then obviously moving higher up in the realm of PIP hauls greater than 100 pips, that's more or less
	251	+|250 |00:43:24,510 ~-~-> 00:43:34,050 |in my forte, I like looking for those types of moves. So even if I'm wrong, hopefully I can get 50% of the anticipated range of 100 pips I'm looking for
	252	+|251 |00:43:34,050 ~-~-> 00:43:44,130 |which is about 50 pips or so. And, again, a lot of people are shocked when I tell him that that's really all I'm looking for, for the week, 50 to 75 pips a
	253	+|252 |00:43:44,130 ~-~-> 00:43:53,100 |week, that's all I'm looking for. So, again, have that in your notebook, you do not need a lot of pips to make a lot of money, you don't need a lot of pips, to
	254	+|253 |00:43:53,100 ~-~-> 00:44:01,800 |build wealth, you just need time and consistently doing the same thing over and over again, that works. Okay. And we're gonna be talking about all of the
	255	+|254 |00:44:01,890 ~-~-> 00:44:13,290 |concepts that we've discussed over the last three years on baby pips, all of the videos that discussed with top down analysis, you have to revisit those guys, if
	256	+|255 |00:44:13,290 ~-~-> 00:44:26,220 |you haven't studied those and haven't really ingrained those primary steps as a technical analysis. trader, you have to go back to that, okay, because that's
	257	+|256 |00:44:26,220 ~-~-> 00:44:36,450 |the route to successful trading, you have to have top down perspective. to limit the amount of false signals you would just inherently find if you just were
	258	+|257 |00:44:36,450 ~-~-> 00:44:43,860 |staring at the lower timeframes one in five minute charts, which is predominantly what most novice and or new traders do, because they think they're
	259	+|258 |00:44:43,860 ~-~-> 00:44:52,920 |closer to the market so therefore, their new trades are gonna be easier to see. And what's ironically seen is that they go away with thinking that forex and
	260	+|259 |00:44:52,920 ~-~-> 00:45:04,470 |trading by any asset classes too difficult or by their definition, that they lose their accounts. Less than 90 days, typically, they'll say that no one ever
	261	+|260 |00:45:04,470 ~-~-> 00:45:12,660 |makes money. And hopefully you guys can see that that's not entirely true. There's people out there that do make good livings. And my goal is to help you
	262	+|261 |00:45:12,660 ~-~-> 00:45:21,120 |do that. Okay? So, again, I'm not a CPA, I'm not licensed to give you trade advice. These are just ideas to help stimulate some decision making on your
	263	+|262 |00:45:21,120 ~-~-> 00:45:32,070 |part. Yeah, everything we're discussing in these videos, you have to take the responsibility, and the profits and or losses are yours, not mine. And I don't
	264	+|263 |00:45:32,070 ~-~-> 00:45:39,780 |want to credit for your winnings, I don't certainly want any credit for your losses. So practice in a demo account, you build the confidence that you need,
	265	+|264 |00:45:39,780 ~-~-> 00:45:48,330 |and you determine whether or not these are going to be valuable concepts, or advantageous for you to use with real money. And if you're, if you're
	266	+|265 |00:45:48,330 ~-~-> 00:45:53,580 |successful, great, I'd love to hear your story. But don't thank me for it, because I'm the one executing the trades.
	267	+|266 |00:45:54,840 ~-~-> 00:46:04,560 |Alright, so let's take a look at our first trading style and how we can arrive at a top down approach. And it's gonna be similar to a lot of the higher
	268	+|267 |00:46:04,560 ~-~-> 00:46:13,770 |timeframe views here. But I'm really bringing you back to what's essential in terms of having a directional bias because I get a million emails, okay. And you
	269	+|268 |00:46:13,770 ~-~-> 00:46:21,990 |see it always creeping up on the forums. You know, how do I know which way to trade? You know, if I just knew that I'd make a million dollars every year?
	270	+|269 |00:46:22,170 ~-~-> 00:46:33,270 |Okay. And it's, it's a lot easier than you think, guys. And it's unfortunate. You have to overcomplicate it. And I'm not laughing at you because I did the
	271	+|270 |00:46:33,270 ~-~-> 00:46:44,760 |same thing. Okay, as SMP trader, years and years ago, I had that same thinking, if I could just get to the point of directional bias, what should I be doing
	272	+|271 |00:46:44,760 ~-~-> 00:46:53,880 |today, if I just knew that, I'll be alright, and I was just trying to catch in two, three handles intraday for the s&p, and, you know, in our $500 per point,
	273	+|272 |00:46:54,270 ~-~-> 00:47:04,380 |that's a good living, because a couple of weeks, so if you are in that rut in your trading, or if you just started and you've always wondered, you know, how
	274	+|273 |00:47:04,380 ~-~-> 00:47:15,900 |do technical traders arrive at you the bias for today, you know, whether they be a bull or bear for the day, okay, and I kind of want to more or less take you
	275	+|274 |00:47:15,900 ~-~-> 00:47:25,530 |away from that definition of weather, are you a bull or a bear? Okay, you're neither, okay, you're neither one because you want to be able to go into the
	276	+|275 |00:47:25,530 ~-~-> 00:47:37,170 |marketplace and just arrive at what you need to be doing at the time. You trade. Okay, whatever that timeframe is, whatever that that framework and onwards, if
	277	+|276 |00:47:37,170 ~-~-> 00:47:46,080 |you're a position trader, which is what we're starting with your trade, you're going to be derived from finding the monthly, weekly and daily market structure,
	278	+|277 |00:47:46,110 ~-~-> 00:47:55,320 |key support resistance levels, and that's going to be your top down approach, okay. But even if you're not a position trader, you still want to start here,
	279	+|278 |00:47:55,320 ~-~-> 00:48:03,960 |because it's going to be highly advantageous to you as a trader, even if you are a day trader or a scalper, because you're going to see a lot of the moves that
	280	+|279 |00:48:03,960 ~-~-> 00:48:19,710 |are really wildly explosive moves one way intraday, they are always, always seen with the institutional sponsors, if that's being seen with the higher timeframe
	281	+|280 |00:48:19,710 ~-~-> 00:48:30,510 |directional bias. So it's important that you understand that it's not a boring or waste of time for you to be doing analysis on these higher timeframe charts,
	282	+|281 |00:48:30,510 ~-~-> 00:48:40,320 |because it's essential for you to have this perspective, if you really want to be catching and ferreting out these explosive moves in the marketplace, because
	283	+|282 |00:48:40,530 ~-~-> 00:48:51,990 |when you get ahold of one, it's absolutely mind blowing how fast you can build up pips get really handsome, intraday wins. And it feels wonderful to be on the
	284	+|283 |00:48:51,990 ~-~-> 00:49:00,030 |right side of the market. And if you could do that consistently over a period of time, even if you're 50% on time, right, and you have good risk management
	285	+|284 |00:49:01,050 ~-~-> 00:49:09,780 |protocols, you will absolutely weather the storms of being wrong half time. And I think by doing this, you'll find that you're trading actually a little bit
	286	+|285 |00:49:09,780 ~-~-> 00:49:22,950 |more accurate than 50%. And you can be wildly profitable with just 33% accuracy. But if you have 50 to 70%, you enter a new realm in terms of profitability and
	287	+|286 |00:49:22,950 ~-~-> 00:49:33,060 |and obviously, once you have a higher timeframe perspective and you are more dynamic with your lower timeframe analysis concepts, it's not on attainable to
	288	+|287 |00:49:33,090 ~-~-> 00:49:42,450 |reach the 70 to even 90% accuracy level. Now, obviously, you'll go into a tailspin once in a while, and you have to prepare for that and that may
	289	+|288 |00:49:42,510 ~-~-> 00:49:53,820 |materialize in the form of a losing streak or just, you know, a bad run Okay, and it could be seasonally inspired. Like this time of year. I'm really not that
	290	+|289 |00:49:53,820 ~-~-> 00:50:01,200 |aggressive in trading. You know, it's the end of the year. It's around the holidays. So I'll scale back and or take months completely out the marketplace
	291	+|290 |00:50:01,200 ~-~-> 00:50:14,400 |and that I've done that. And there's a human, follow me on the forums know that I'm completely out of market right now. And if you have arrived at what type of
	292	+|291 |00:50:14,400 ~-~-> 00:50:28,140 |trader, you are, this module here, you know, what we're talking about now is going to be very influential in terms of, as a reference, go back to this
	293	+|292 |00:50:28,140 ~-~-> 00:50:35,790 |periodically, okay, at least once a month, come back to this video every single month while you're trading, at least, if you're brand new trader, and you just
	294	+|293 |00:50:35,790 ~-~-> 00:50:40,860 |started doing technical analysis, and you've been following us for a short period of time.
	295	+|294 |00:50:42,150 ~-~-> 00:50:50,460 |Go back to this as a framework, okay, and it'll help you break down the market. You look at the market in a structured approach module, and you'll be able to
	296	+|295 |00:50:50,460 ~-~-> 00:50:58,500 |see that directional bias is absolutely not hard at all. It just requires you to be patient to see the setups that line up with the higher timeframe premise.
	297	+|296 |00:50:58,500 ~-~-> 00:51:13,290 |Okay, so let's begin with arriving at a very simple approach to directional bias and top down approach. Alright, we're gonna talk about the summer of 2012. Okay,
	298	+|297 |00:51:13,290 ~-~-> 00:51:20,970 |and I'm not cherry picking because if you've been following me on YouTube and on baby pips, I actually called the bottom in the marketplace on both the fiber and
	299	+|298 |00:51:20,970 ~-~-> 00:51:28,410 |cable before it actually happened. And it's all video documented, I even gave you the price levels, where it's gonna go and where it was going to go once it
	300	+|299 |00:51:28,410 ~-~-> 00:51:37,890 |reversed on the upside. Okay, so you'll see a lot of these levels talked about here, and you'll be able to see those things actually done on a daily breakdown
	301	+|300 |00:51:37,890 ~-~-> 00:51:48,090 |on analysis in advance on my YouTube channel. Okay, so, again, I want to stick to things that you've seen the actually talk about and apply. So that way, it's
	302	+|301 |00:51:48,090 ~-~-> 00:51:57,150 |not like well, you know, it's great on the left side chart, guys, these are actual analysis that I did in advance. Okay, so I'm not making this stuff up,
	303	+|302 |00:51:57,150 ~-~-> 00:52:04,290 |not put lipstick on a pig. So you guys can be impressed with the left side of the chart. We're talking about something that has been documented before it
	304	+|303 |00:52:04,290 ~-~-> 00:52:14,910 |happened. Okay. So now let's talk about the fact that obviously, we're going to briefly introduce, again, the seasonal tendency, there's a seasonal tendency for
	305	+|304 |00:52:14,910 ~-~-> 00:52:26,670 |the markets to create a low in the summertime. Okay. I'm not going to go over that here. That's all in the introductory video series that I did on baby pips
	306	+|305 |00:52:26,670 ~-~-> 00:52:36,600 |is check out that first thread. It's wildly popular right now. What every new and or aspiring forex trader still wants to know, if you go to the first page of
	307	+|306 |00:52:36,600 ~-~-> 00:52:46,680 |that thread, the very, very, very, very, very single first post of that thread is an index list of all the videos and resources that I more or less shared with
	308	+|307 |00:52:46,680 ~-~-> 00:52:54,990 |the community on baby pips. Now, there's a couple nuggets that are hidden throughout the thread. And that's for the folks to have the tenacity to get
	309	+|308 |00:52:54,990 ~-~-> 00:53:06,000 |executed through the monstrous amount of pages to go through that. But you know, you don't have to, but I think if you find them that you're doing nice little
	310	+|309 |00:53:06,000 ~-~-> 00:53:20,580 |easter eggs to get a hold of that a lot of insight to it. So we have a seasonal tendency to expect a low to form in the British pound the euro. Again, we're not
	311	+|310 |00:53:20,580 ~-~-> 00:53:26,730 |going to go over that here. As far as why it's a seasonal tendency to go up. Because I've discussed the other place, I don't want to spend too much time with
	312	+|311 |00:53:26,730 ~-~-> 00:53:39,330 |all the things that we've already talked about. But here is the load that we're going to actually talk about. Okay, and that low is in the summer of this year,
	313	+|312 |00:53:39,330 ~-~-> 00:53:50,040 |which is 2012 and is actually the June low. Okay, so the actual low is formed in the cable was on the month of June. Now, what I want to draw your attention to
	314	+|313 |00:53:50,040 ~-~-> 00:53:59,040 |is the fact that if you go to the left side of your chart here, it's a little bit, see all these lows in here. Okay, and see the lows over here. Now look at
	315	+|314 |00:53:59,040 ~-~-> 00:54:09,090 |the bodies of the candles here. And look at the lows over here. If you stretch on over all over here, you can see this consolidation around that same area
	316	+|315 |00:54:09,090 ~-~-> 00:54:23,100 |here. Okay, so what we're doing is we're going to identify a level of key resistance and support. Okay, so obviously, we're going to be just eyeballing it
	317	+|316 |00:54:23,100 ~-~-> 00:54:36,540 |initially, you have the 152 10 level, which is essentially this level here. Actual level for this data feed is 152 32. So essentially, that's around the
	318	+|317 |00:54:36,570 ~-~-> 00:54:52,620 |152 30 level. Okay, so we could use the 152 50 in that area on this one, just again, ballpark it here. So here's 152 57. Okay, you can see how there's a whole
	319	+|318 |00:54:52,620 ~-~-> 00:54:53,130 |lot of
	320	+|319 |00:54:54,450 ~-~-> 00:55:00,960 |tug of war back around that same level. If you go back over here you can see the bodies of the candles and the wicks trying to reach for that. Same level, and
	321	+|320 |00:55:00,960 ~-~-> 00:55:11,160 |again, don't want 50 to 50 is a mid figure level that we like to talk about. Alright, so we would expect reasonably to see some sort of a bounce around that
	322	+|321 |00:55:11,160 ~-~-> 00:55:23,610 |mid figure, and around the large full figures, 152, even 153, even. But notice that we have a whole lot of action around that 150 to 50. level. Okay? So what
	323	+|322 |00:55:23,610 ~-~-> 00:55:34,050 |we're doing is we're actually looking at this low here, the lows in here, the bodies of the candles in here, this is the level of consolidation, where there's
	324	+|323 |00:55:34,050 ~-~-> 00:55:45,660 |a few short term lows that could have been used for probable areas of support, but we're gonna erage we're going to keep our original idea and premise to using
	325	+|324 |00:55:45,690 ~-~-> 00:55:58,890 |the 152 50 level. Okay, I'm gonna do as as we move down, again, we're looking at the higher time frame, position trader, approach, and we're gonna use top down
	326	+|325 |00:55:58,890 ~-~-> 00:56:08,580 |analysis concepts. Okay, so we're gonna start with the 152 50 level here. But before we get to that, what I want to draw your attention to is the range that
	327	+|326 |00:56:08,730 ~-~-> 00:56:22,050 |at that point, when we traded down in the summer months, we were inside of a larger range, okay? And that can be seen here, here's the low. And here's the
	328	+|327 |00:56:22,050 ~-~-> 00:56:34,230 |high. Okay, can you see how that 50 level is the midpoint of that larger range here is high, and this low. So we're inside this larger range, and we found
	329	+|328 |00:56:34,230 ~-~-> 00:56:42,750 |support at the 50 level. Okay. Now, I'm not trying to draw your attention to the fact that it's the 50 fib level, that's not the concern, okay. The point is that
	330	+|329 |00:56:42,750 ~-~-> 00:56:52,680 |we're inside of a larger consolidation. Okay, and thinking of market profiles, we had a trending profile, we had a reversal profile, and now we're in a
	331	+|330 |00:56:52,680 ~-~-> 00:57:07,530 |consolidation, okay, and we went into a smaller consolidation in here, okay, so, we do have this range, consider, okay, and we have found support at the midpoint
	332	+|331 |00:57:07,530 ~-~-> 00:57:18,780 |of that range. Okay. Now think of our mocha market profile concepts. Okay. Now, I taught a concept of z day formations. Okay. Now, if there was one thing, I
	333	+|332 |00:57:18,780 ~-~-> 00:57:30,120 |could go back and change, I wish I would have took took the day part out of it, okay? Because it's z formation, which is what you see, that's synonymous with
	334	+|333 |00:57:30,120 ~-~-> 00:57:41,280 |consolidations, okay, and they can tend to fall into the Seek and Destroy market profile. Okay. And again, that's a video module just for these specific
	335	+|334 |00:57:41,520 ~-~-> 00:57:50,040 |profiles. Okay, so again, I'm not gonna spend time here, but you can check those out and study more information about those. But while we're in here in these
	336	+|335 |00:57:50,040 ~-~-> 00:58:00,900 |consolidations, okay, the Z day formations, or Z formations, and consolidation is what you would expect to see in price action. So it's not limited to just a
	337	+|336 |00:58:00,900 ~-~-> 00:58:13,740 |intraday or a daily phenomenon. You can see here on the monthly, you see that same formation happening here. Okay. But it's interesting, I think, to note that
	338	+|337 |00:58:13,740 ~-~-> 00:58:23,520 |152 50 level, okay, we're seeing a whole lot of confluence of expectation of the market, finding support at that same timeframe. So now we have a seasonal
	339	+|338 |00:58:23,520 ~-~-> 00:58:36,180 |tendency, okay. And price comes down into that 152 50 level, okay. And, again, the low on that particular month was the 152 67. Okay, so now we have this map
	340	+|339 |00:58:36,180 ~-~-> 00:58:45,180 |down here. Okay, we've essentially won over the fact that we've been trending, we had a market reversal in here. Okay, now we're in the consolidation, so we're
	341	+|340 |00:58:45,270 ~-~-> 00:58:54,810 |inside of a larger monthly consolidation, okay, but we have discernible levels of support resistance to work within. Okay, so now I'm gonna keep these levels
	342	+|341 |00:58:54,810 ~-~-> 00:59:12,150 |up, we've mapped out the higher timeframe monthly chart. So let's get down to a weekly you can see by going forward and moving into the June timeframe here, set
	343	+|342 |00:59:12,450 ~-~-> 00:59:26,550 |the June low reading here, we have price come up and come back down and found support this particular level here, okay. What I'm gonna do is I'm gonna take
	344	+|343 |00:59:26,550 ~-~-> 00:59:29,790 |the fib off because it's not needed at this point.
	345	+|344 |00:59:34,800 ~-~-> 00:59:48,060 |Okay, so now look what we have here we have price, finding support. Now by moving down to a weekly chart, we can work closely calibrate these levels. Now
	346	+|345 |00:59:48,060 ~-~-> 00:59:59,760 |this is 152 50. But now watch what happens when we start moving up to these lows that are here. We have a low here we have a low here. We have a low here. Notice
	347	+|346 |00:59:59,760 ~-~-> 01:00:19,800 |what how happens over here, watch this area right here. Okay, we have this low here. If we move up to these particular lows being this low here, two bodies of
	348	+|347 |01:00:19,800 ~-~-> 01:00:31,380 |the candles here, you can see now we have a much more discernible range in here. So we have anywhere between the 153 because if you look over here we got 152 97
	349	+|348 |01:00:32,250 ~-~-> 01:00:48,150 |and the low the previous low here, okay comes in at 152 30. So we essentially we have about 70 pips of likely range in here that we would have to zero and
	350	+|349 |01:00:48,180 ~-~-> 01:00:58,500 |capture a more calibrated price level. So now while it's still approximately 70 pips or so of potential range, and here, we we didn't anticipate the low
	351	+|350 |01:00:58,500 ~-~-> 01:01:19,530 |forming, it's not hard in terms of now applying our levels that we're familiar with the ease and 20s. Okay, and we're going to introduce again, the big figure
	352	+|351 |01:01:20,130 ~-~-> 01:01:21,780 |and mid figure indicator.
	353	+|352 |01:01:29,670 ~-~-> 01:01:35,550 |And what we're actually going to do is we're going to add some more levels because there's not enough one here
	354	+|353 |01:01:45,480 ~-~-> 01:02:02,940 |you can see how we have the 53 figure down here. And we have the mid figured it. It didn't get too in here. So we have this range of 50 pips now. So you can see
	355	+|354 |01:02:02,940 ~-~-> 01:02:16,350 |how we've calibrated from 70 pips now until down to a range of 50 pips, okay. But we've identified this little area in here. And what I'm going to do is I'm
	356	+|355 |01:02:16,410 ~-~-> 01:02:37,290 |just going to highlight, okay, and we're going to use 253 and 5250 level one here, okay? Now, what I'm drawing your attention to is the fact that we have
	357	+|356 |01:02:37,290 ~-~-> 01:02:47,700 |these, this low in here, the low here, and the low here. Okay, so we're working within this 50 PIP range in here. Okay, so now when we drop down to a daily,
	358	+|357 |01:02:48,060 ~-~-> 01:03:08,280 |okay, what's the next level when you're a position trader, we're gonna go down to that time frame. And you can see here, this is the daily. And now we have the
	359	+|358 |01:03:08,280 ~-~-> 01:03:16,530 |bodies of the candles here. So yeah, we have all this consolidation in here. Because all we're doing now is you're just mapping out from the higher timeframe
	360	+|359 |01:03:16,560 ~-~-> 01:03:26,760 |monthly to the weekly to the daily, and we're calibrating high odds, support resistance levels. Okay, I get questions in you, how do I know how to find key
	361	+|360 |01:03:26,970 ~-~-> 01:03:33,990 |support resistance level? And how would it look like and what do I do to do it? You know, in my own charts, well, I already have a video module for that. And
	362	+|361 |01:03:33,990 ~-~-> 01:03:41,730 |it's silent. But I'll give you all the details, you need to go through the steps. And this is really again, one more example how I do it. And again, I'm
	363	+|362 |01:03:41,730 ~-~-> 01:03:53,880 |not asking you to take my word on it, go and look at all the videos around this timeframe. And you'll actually see on my live stream channel and on my YouTube
	364	+|363 |01:03:53,880 ~-~-> 01:04:07,950 |channel that these are all particular points in the marketplace where they were called in advance. So again, we're not doing your cherry picking. Now there's a
	365	+|364 |01:04:07,950 ~-~-> 01:04:18,570 |great level in here. This is didn't 152 at level. Okay, so we have 152 80 as a good level to be looking for. And we have the bodies of the candles and the lows
	366	+|365 |01:04:18,570 ~-~-> 01:04:40,080 |down here. And they those come in at 152 75 152 79. Okay, so around that 80 level. Okay, is a good level to be anticipating a bounce. Okay, so now we have
	367	+|366 |01:04:40,230 ~-~-> 01:04:56,040 |essentially the 152 82 152 50 so now we've reduced it down to 30 pips. Okay, so now we're going to zoom down into the one hour chart. Now you're probably
	368	+|367 |01:04:56,040 ~-~-> 01:05:04,170 |saying, Well, why don't you go to the four hour because we're up Position trader. So you there's no necessity to look at the four hour because you have
	369	+|368 |01:05:04,170 ~-~-> 01:05:18,420 |already arrived at the likelihood that you're anticipating a bounce in support. Okay? And you're looking for price to provide you a signal at that timeframe.
	370	+|369 |01:05:18,900 ~-~-> 01:05:29,430 |Okay. And here's that particular area where price comes down into that June low. Okay. Now what I want to draw your attention to is, we've identified that hard
	371	+|370 |01:05:29,430 ~-~-> 01:05:42,960 |time frame 153 to 152 50 level initially, that was a 50 PIP range, and we reduce it down to 30. pips. So here's that 152 50 level, this dotted line here. And
	372	+|371 |01:05:42,960 ~-~-> 01:05:52,800 |here's the 152 80 level. Okay, so inside that area, we're expecting some sort of a low to form based on all these previous old lows from all the monthly, the
	373	+|372 |01:05:52,800 ~-~-> 01:06:01,200 |weekly and the daily chart. So we broke it down, and we mapped out the marketplace where there's a high probability to see specific key levels. Okay.
	374	+|373 |01:06:01,560 ~-~-> 01:06:12,600 |Now, it's not imperative that you pick the right one, you wait for the market to tell you which one is the right one. Okay. I understand there's a lot of respect
	375	+|374 |01:06:12,600 ~-~-> 01:06:21,930 |for me one baby pips, and I appreciate that. But unfortunately, some of the newer folks, okay, and so maybe the guys has been around for a long time and
	376	+|375 |01:06:21,930 ~-~-> 01:06:23,460 |still have just struggled for a while.
	377	+|376 |01:06:24,810 ~-~-> 01:06:34,320 |They put an S on my chest, and they made me much more than I really am. Okay, and I appreciate the enthusiasm, but I don't know, all the time where these
	378	+|377 |01:06:34,320 ~-~-> 01:06:44,550 |things are gonna reverse rate to the PIP Okay, so don't, don't have that in your mind. I get lucky a lot, okay. And sometimes I'm able to call highs and lows.
	379	+|378 |01:06:44,550 ~-~-> 01:06:53,670 |And it's, it's impressive sometimes to myself, but that's not what your goal is. Okay? What we're talking about here is how you actually arrive at a directional
	380	+|379 |01:06:53,670 ~-~-> 01:07:04,950 |bias, where the markets already proven to you where the high odds likelihood of trading to is, okay? So again, remove the necessity and the the putting yourself
	381	+|380 |01:07:04,950 ~-~-> 01:07:13,440 |in a box where it has to provide you the actual level, forget all that you don't need that. Okay. And what we're going to show you here is going to prove that to
	382	+|381 |01:07:13,440 ~-~-> 01:07:22,620 |you. Here's that seasonal low, we anticipated, okay, we saw price trade down to those particular levels, okay, and we're anticipating a bounce, that's what
	383	+|382 |01:07:22,620 ~-~-> 01:07:30,750 |we're looking for. Okay, if you're short, all through here, you're just looking for targets down here to take profits, right. But if you're a position trader,
	384	+|383 |01:07:30,840 ~-~-> 01:07:38,280 |and you just sat down your charts, and you want to resume trading, and you look for long term trade, a season alone, summertime is a good opportunity to get you
	385	+|384 |01:07:38,880 ~-~-> 01:07:52,290 |hunting for this type of setup. all you're gonna do is wait for a low at a predetermined price level. When a time of year, seasonally speaking, okay, where
	386	+|385 |01:07:52,320 ~-~-> 01:08:02,130 |we are likely to see the market move for a long period of time. And that's what the impact of seasonal seasonal tendencies will provide for you. So now we have
	387	+|386 |01:08:02,160 ~-~-> 01:08:11,550 |price coming down into June low. Okay. And then we have this nice reaction here. This is what you wait for. Okay, this is what you wait for. Now, watch, I'm
	388	+|387 |01:08:11,550 ~-~-> 01:08:19,860 |going to take, I'm going to take the big figure mid figure indicator off, because I think right now it's going to number one is going to distract me and
	389	+|388 |01:08:19,860 ~-~-> 01:08:30,150 |we can't have that. So you see this price rally up in here. Okay, look what it's done. When it rallies up like this, it blows out the market structure, swing
	390	+|389 |01:08:30,150 ~-~-> 01:08:39,660 |high here. Now again, we're looking at a one hour chart. So this is what you would need you when you see that happening. Okay, we now have confirmation that
	391	+|390 |01:08:39,660 ~-~-> 01:08:51,090 |hey, look, market structure is now broken on one hourly basis. This is the swing that breaks it. So this is the impulse move here. Okay, so this is your range.
	392	+|391 |01:08:51,450 ~-~-> 01:08:59,760 |Okay. Now, you probably already understand where I'm going to go with this next. But this is what you wait for. You don't chase it when it rallies up like that.
	393	+|392 |01:09:00,210 ~-~-> 01:09:06,750 |Okay, you're a position trader, you want to get in sync with the higher timeframe trade. You want to be in there for a little while, not just a day
	394	+|393 |01:09:06,750 ~-~-> 01:09:14,250 |trade, you have a job, you have family have kids, you got soccer practice, or your soccer mom, you're a baseball Mom, you can't be in front of the charts all
	395	+|394 |01:09:14,250 ~-~-> 01:09:22,680 |the time. But you want to have an ability to be able to trade and take some, some trades out into the marketplace and not trade all the time and still be
	396	+|395 |01:09:22,680 ~-~-> 01:09:33,090 |able to capture some handsome moves. Well, this is how you do it. You have the market structure shift here. This swing high here, when it breaks above here,
	397	+|396 |01:09:33,150 ~-~-> 01:09:46,050 |that's what you've waited for. So now, all you're going to do is go to your fib grab your low, pull it up to the high of that range. Okay. And you drop it. This
	398	+|397 |01:09:46,050 ~-~-> 01:09:57,210 |is what you have here. Now again, this is a one hour chart. Can you see this? You can have this on your smartphone, okay, your iPhone or your Android or
	399	+|398 |01:09:57,210 ~-~-> 01:10:09,300 |whatever that allows you a alert to be sending you a text when price comes back down into that 62 level or approaches it 10 pips or so. Okay, you want to be
	400	+|399 |01:10:09,300 ~-~-> 01:10:18,390 |looking at the marketplace or you simply put a limit order down in here. Okay? So when price comes down to that point you're going to be buying at a limit.
	401	+|400 |01:10:18,750 ~-~-> 01:10:26,040 |Your risk is going to be from that point and 10 pips below here. Okay, so what does that equate to? Well, let's look at that
	402	+|401 |01:10:31,470 ~-~-> 01:10:47,370 |few go in with a position traders mindset. Okay, and you're gonna be buying at 262 and you want 10 pips below here? Okay? Your stop is going to be 152 57 Okay.
	403	+|402 |01:10:48,120 ~-~-> 01:11:03,750 |257 now the risk total risk is going to be 76 pips. Okay. 76 pips? Near pricing. Whoo. That's a lot of pips. Okay, I understand. But if you're a position trader,
	404	+|403 |01:11:04,770 ~-~-> 01:11:11,310 |what are you going to do? You're going to be scaling back in your lot size anyway, right? So there's nothing wrong with taking this trade with a 76, Pip
	405	+|404 |01:11:11,640 ~-~-> 01:11:25,710 |stop loss. If you're trading with, you know, more than one Mini, okay, you can, you can trade with that, you're only assuming a risk of 80 $80. So there's
	406	+|405 |01:11:25,710 ~-~-> 01:11:34,890 |nothing wrong with that trade, okay, and you'd be able to be positioned for a longer period. Position trade. Now, again, obviously, you can go down and look
	407	+|406 |01:11:34,890 ~-~-> 01:11:44,940 |into the smaller timeframes, okay? utilized with day trading and swing trading and short term trading, to even narrow down that smaller risk. Okay, but we're
	408	+|407 |01:11:44,940 ~-~-> 01:11:55,200 |not going to do that here. The only thing we've talked about thus far is we're arrived at a directional bias. So now we've expected this to happen. Okay, so at
	409	+|408 |01:11:55,200 ~-~-> 01:12:03,960 |this point, if you're a position trader, and you have a job and all that business, this is where the market structure shift takes place. And then it
	410	+|409 |01:12:03,960 ~-~-> 01:12:13,260 |comes back if you to buy signal, and then starts to rally up. Now, what you're doing at this point is you're gonna start mapping out all the intermediate term
	411	+|410 |01:12:13,290 ~-~-> 01:12:22,290 |and the short term highs and lows. Okay, so now we have this low here, with a previous low here, it's higher. And now we have a higher low here. So this makes
	412	+|411 |01:12:22,290 ~-~-> 01:12:31,470 |this what an intermediate term, or what we're hoping to find a long term low, okay, and you have a higher low here, and you go back here, you have a higher
	413	+|412 |01:12:31,470 ~-~-> 01:12:41,580 |low here, that makes this qualified as a long term low. So now watch what happens, we have a low. Now we have an enemy a term high here, we could see if
	414	+|413 |01:12:41,580 ~-~-> 01:12:50,640 |price runs above this high eventually here, in our in our position trade, which we see here, we can see a move that's comparable from this low to this high
	415	+|414 |01:12:50,730 ~-~-> 01:13:00,930 |added to this high up. Okay, and what do I mean by that? Well, let's take a look at this. And we have this range here. And you've seen me do this before, it's
	416	+|415 |01:13:00,930 ~-~-> 01:13:19,170 |all measured moves and market structure. Okay, and scrolling forward, and I probably better take it out. We have price, still meandering in the launcher,
	417	+|416 |01:13:19,500 ~-~-> 01:13:28,560 |consolidation. And let's go out to a lot easier. You had to sit through all this. But again, you're a position trader, you're not in there. Every day,
	418	+|417 |01:13:28,710 ~-~-> 01:13:37,950 |you're in here for longer term price move. Look what happens if you go from this point over here, go straight on over. You get this high right there. Okay. So if
	419	+|418 |01:13:37,950 ~-~-> 01:13:48,030 |you're a position trader, you could have done a long here and reach for this particular high here as your first profit objective. Okay, as a position trader.
	420	+|419 |01:13:48,300 ~-~-> 01:13:56,430 |So what does that equate to? Well, let's look at we have price approximately in around this area here. I'm not, I'm not going to give you the exact pitch. It's
	421	+|420 |01:13:56,430 ~-~-> 01:14:08,130 |not important here. But we're looking at a move for first profit of 575 pips, approximately. Okay. So if you're doing double tap as your, your specific
	422	+|421 |01:14:08,190 ~-~-> 01:14:28,080 |trading approach, taking first profit here, okay. Your first profit is 575 pips from the entry. Okay. Now, when you see this swing here, okay. Again, we've now
	423	+|422 |01:14:28,080 ~-~-> 01:14:28,710 |measured
	424	+|423 |01:14:29,970 ~-~-> 01:14:38,880 |this initial move here, but now we have this retracement as you'd hoped you would have had to absorb. Okay. We're going to talk about risk and stop
	425	+|424 |01:14:38,880 ~-~-> 01:14:47,220 |placement and risk reduction and all that and we're going to apply all those concepts, again, through all these different types of trading. So we're not
	426	+|425 |01:14:47,220 ~-~-> 01:14:58,320 |going to talk about that here. But I promise you, we'll we'll be bringing it up. You have this low to this enemy term high here. Okay. It comes down right into a
	427	+|426 |01:14:58,320 ~-~-> 01:15:09,570 |sweet spot and you would be expecting this to unfold, anticipating it to unfold, and as price rallies up, and breaks these highs in here, in here. Okay, we have
	428	+|427 |01:15:09,570 ~-~-> 01:15:18,660 |further evidence to suggest that any lows retraced back in here as we make higher short term highs and intermediate term highs. Every time we do that, that
	429	+|428 |01:15:18,660 ~-~-> 01:15:28,320 |will allow us to apply market structure concepts to lead reach for new buying opportunities. Okay, so while you were buying here, and you saw this range from
	430	+|429 |01:15:28,320 ~-~-> 01:15:38,580 |this high down to this low, when we sell that retracement back here, this is another opportunity to buy more. Okay. So you can get long and build your long
	431	+|430 |01:15:38,580 ~-~-> 01:15:52,110 |position up or seasonal position trade even to a larger degree. Now, assuming that you had this understanding also, and you applied market structure, you can
	432	+|431 |01:15:52,110 ~-~-> 01:16:06,390 |now start applying your higher level profit objectives by taking this high. And I'll have to fix that fitness second. Pulling it from the high here down to that
	433	+|432 |01:16:06,390 ~-~-> 01:16:25,680 |low. And we have our 200 extension up here. Okay, so that'd be a nice second profit level four position trade. Okay. If you utilize the expansion tool, you
	434	+|433 |01:16:25,680 ~-~-> 01:16:37,230 |take the low forms here. And you apply it to hear, okay, and you're 200 extensions up here. So you're looking for a really long term profit objective,
	435	+|434 |01:16:37,530 ~-~-> 01:16:54,060 |it's way up there. And we're still possibly reaching for that, okay. Which is, I think is rather significant. It's above this high here. We poked above here. And
	436	+|435 |01:16:54,060 ~-~-> 01:17:06,450 |we talked about that real time as a as a sell and then ran down. But that's not the point of this video. I'm plugging live market calls, I apologize for that.
	437	+|436 |01:17:07,410 ~-~-> 01:17:18,810 |It's not my goal here is to take this expansion tool off.
	438	+|437 |01:17:24,780 ~-~-> 01:17:36,150 |Okay, so you can see how we had this trending move reversal and consolidation. So now we're applying the market profiles, market structure. Okay. So now, we
	439	+|438 |01:17:36,150 ~-~-> 01:17:49,290 |have a directional bias long term back here in the beginning of June. We are still in the summer months in July. Okay, we still expect a seasonal rally.
	440	+|439 |01:17:49,680 ~-~-> 01:18:08,220 |Okay. And you see this run up. Now. We also can apply standard priced patterns like ascending triangles, which is what you see in my video, I talked about this
	441	+|440 |01:18:08,250 ~-~-> 01:18:18,330 |in the video. And then talked about our projections, which led to this retest of this old high back here. And again, I did all that back in June, okay, late May,
	442	+|441 |01:18:18,360 ~-~-> 01:18:28,020 |early June. And I was calling these highs back here before they actually happened. So now let's take a step back. Okay, and think about what we've
	443	+|442 |01:18:28,020 ~-~-> 01:18:40,290 |covered. Just for position trading. Okay, we could look for entries here. Okay, and using market profiles and market structure, and blending all the things that
	444	+|443 |01:18:40,290 ~-~-> 01:18:49,260 |we've talked about in other videos, okay, we arrived at a directional bias, we're looking to get long. Okay, once we take out old highs, you just go to the
	445	+|444 |01:18:49,260 ~-~-> 01:18:57,660 |left side of your chart, and there's going to be new old highs that you have to reach for. If price gets above this high here. from here onwards, we're rallying
	446	+|445 |01:18:57,660 ~-~-> 01:19:05,790 |up and we make this high and starts to retrace, and we go into an optimal trade entry. From this buy, where's the worst the objective going to be on the upside
	447	+|446 |01:19:05,820 ~-~-> 01:19:13,680 |initially, it's going to be this old high back here. And you see it fails here initially comes back and retest again, but knows what's happening. Every time it
	448	+|447 |01:19:13,680 ~-~-> 01:19:24,090 |comes back. It's providing a new buying opportunities. Okay. Then we have it break this high here, right there. And it comes back and find support there. And
	449	+|448 |01:19:24,090 ~-~-> 01:19:35,790 |then market structure continues to keep making higher lows as it reaches for new highs going higher. Okay, so what is it pressing for? Was it reaching for, it's
	450	+|449 |01:19:35,790 ~-~-> 01:19:47,730 |gonna reach for an old level of resistance, which is back here. Okay. So now, we would be reaching for this level. If we're long here, and had you done that you
	451	+|450 |01:19:47,730 ~-~-> 01:19:56,550 |would have been able to get some profits, very handsome profits here. And if you're using that as your secondary exit point, again, not using now ideal point
	452	+|451 |01:19:56,610 ~-~-> 01:20:09,510 |of entry, I'm just eyeballing it. We just use the old Hi back here. That's 965 pips. So if you first profit was 575. And your second profit was 965 pips. Yeah,
	453	+|452 |01:20:09,870 ~-~-> 01:20:19,800 |good grief, you know, you're not doing a whole lot of trading, but you're also taking off the market, a huge amount of pips. So if you're just now getting
	454	+|453 |01:20:19,800 ~-~-> 01:20:27,870 |yourself acclimated to trading, and you have a full time job, and you maybe have kids to take care of, there's no excuse why you can't take profits out of the
	455	+|454 |01:20:27,870 ~-~-> 01:20:39,870 |marketplace. But the The point is, is if you start with this premise, it'll help you when you start applying some changes to your life that you hopefully can do.
	456	+|455 |01:20:40,170 ~-~-> 01:20:49,800 |And allow yourself to get more closer to swing trading or short term trading and you actually have a lot more participation in the marketplace. This approach to
	457	+|456 |01:20:49,860 ~-~-> 01:21:00,060 |analysis will provide you a wealth of insight, huge amount of insight, okay, because if you're ready, take a huge step. Okay. And those that have missed it
	458	+|457 |01:21:00,060 ~-~-> 01:21:10,530 |up to this point in the last three years on my journey with you guys on baby pips, and sharing, you're going to hopefully have that epiphany, okay, it's
	459	+|458 |01:21:10,530 ~-~-> 01:21:20,070 |going to be Whoa, there it is. It makes sense now, okay, we have been talking, okay, most of this video just about the monthly, weekly in a daily now we're
	460	+|459 |01:21:20,070 ~-~-> 01:21:29,010 |just spending a little bit of time on a one hour for our chart just to illustrate, you know, how these things work out using the higher timeframe. So,
	461	+|460 |01:21:29,220 ~-~-> 01:21:36,030 |we've covered a position trading, okay, and we've arrived at a directional premise here. Okay. So if you're a position trader, this is how it could have
	462	+|461 |01:21:36,030 ~-~-> 01:21:49,710 |been done. Okay. Now, we're gonna get ready, take a huge step, rethink a huge step forward. Okay, and apply even more detail to this same premise. Okay. So
	463	+|462 |01:21:49,710 ~-~-> 01:22:00,870 |now what we've done is we've essentially mapped out a time in price.
	464	+|463 |01:22:03,720 ~-~-> 01:22:15,750 |Okay. And now I'm going to, for the sake of honesty, because I wouldn't have known exactly when timewise it reached this area in terms of price, but I
	465	+|464 |01:22:15,750 ~-~-> 01:22:24,030 |extended it past a little bit, but this is the high would have been aiming for. So from this point in here, the ranges the old high here, and wherever we would
	466	+|465 |01:22:24,030 ~-~-> 01:22:33,900 |have entered into a higher timeframe, positional trade. Okay, so now watch what's happening. We're going to be milled now moving into the realm of swing
	467	+|466 |01:22:33,900 ~-~-> 01:22:44,340 |trading. Okay, so how do you arrive at your directional premise for swing trading? Well, it doesn't take rocket scientist to figure out that if we're
	468	+|467 |01:22:44,580 ~-~-> 01:22:55,050 |higher timeframe, positional trading, expecting this type of move higher, okay. And again, it's very, very, very important that you guys go back and look at the
	469	+|468 |01:22:55,050 ~-~-> 01:23:07,470 |videos that I did during the late spring and hold the whole entire month of August and June and July. I call this market higher, using what I'm sharing with
	470	+|469 |01:23:07,470 ~-~-> 01:23:17,340 |you now. Okay. So you know, it works in advance. It's not like I went backwards, and I'm giving you the best of the best. This is how it's done. Okay, and I use
	471	+|470 |01:23:17,340 ~-~-> 01:23:27,660 |higher timeframe directional premise, to facilitate all of my other trades. Okay. So now let's break this down into a means of swing trading. So now we're
	472	+|471 |01:23:27,660 ~-~-> 01:23:41,130 |gonna change to a daily. Okay, and now you can see by looking at the daily, this is that portion of the market, okay, we've mapped out for a high probability of
	473	+|472 |01:23:41,550 ~-~-> 01:23:51,360 |seeing a buy program, okay. Now by programmers, when you look primarily for buys, okay, the direction is most likely to have least resistance going up.
	474	+|473 |01:23:52,140 ~-~-> 01:24:01,020 |Okay, so that's, that's basically what you're doing. As a trader, you when you map out the marketplace, you're looking for the least of resistance, because
	475	+|474 |01:24:01,020 ~-~-> 01:24:08,490 |that's exactly where the markets gonna go. Okay? Whenever there's the least amount of resistance, that's the highest probability in terms of trade
	476	+|475 |01:24:08,490 ~-~-> 01:24:17,940 |direction. So that's, that's one of the easiest ways to remember where is the open spaces and charts. Okay, once you break these highs, look what you had back
	477	+|476 |01:24:17,940 ~-~-> 01:24:25,500 |here. You have a very short term high here, and then you had some consolidation there. But look what happened after that boom, vertical, because it was filling
	478	+|477 |01:24:25,500 ~-~-> 01:24:33,750 |in all this price action, there's no discernible. Okay. support resistance, and now there was short term that you could have used obviously, and as we look into
	479	+|478 |01:24:33,750 ~-~-> 01:24:43,620 |smaller timeframes, but the point is, is there's very little resistance in terms of the higher timeframe price move, because once we found consolidation here,
	480	+|479 |01:24:43,620 ~-~-> 01:24:50,460 |there was accumulation on their way here and we talked about this real time. Okay. I mean, the big boys, the institutional players, okay, they were
	481	+|480 |01:24:50,460 ~-~-> 01:24:57,750 |accumulating Long's in here. There's a lot of folks that were calling this market low here. Lower, it's going to go low. It's gonna go a call to five or
	482	+|481 |01:24:57,750 ~-~-> 01:25:06,810 |lower here, not us. We knew look into the charts that there was accumulation going on the way. Now, with that premise in mind, all we did was wait for price
	483	+|482 |01:25:06,810 ~-~-> 01:25:17,160 |action to prove to us that it was going to go higher. Okay, so now we have the daily chart here, and we're moving down into a swing traders mindset. There's a
	484	+|483 |01:25:17,160 ~-~-> 01:25:24,900 |night, you're not so much a position trader, you want to have a little bit more active role in trading. And that means your trades are going to be a little bit
	485	+|484 |01:25:24,900 ~-~-> 01:25:37,800 |longer than one week. Okay? So it could be one week to a month. Let's break this down and take a look at how you as a trader could be a swing trader. Now I'm
	486	+|485 |01:25:37,800 ~-~-> 01:25:51,390 |going to have to unfortunately change the color of this rectangle because it's just a little too much. In terms of blue, there's nothing wrong with blue. I
	487	+|486 |01:25:51,390 ~-~-> 01:25:54,030 |just can't have it looking like this.
	488	+|487 |01:26:02,790 ~-~-> 01:26:18,930 |See if that does. That doesn't help me out either. Go to a little bit darker. And let's go purple in my work. Yeah, that's all right. That's good. And if it
	489	+|488 |01:26:18,930 ~-~-> 01:26:30,780 |doesn't work for you guys, yeah, suck it up. So we have the market market market structure shift that took place back in here in the beginning of June. Okay. So
	490	+|489 |01:26:30,780 ~-~-> 01:26:40,860 |now, as a swing trader, okay, what you're going to do is you're going to wait for your higher time frame, directional premise, to come under way and using the
	491	+|490 |01:26:40,860 ~-~-> 01:26:52,530 |daily chart, that's your primary higher time frame chart. Okay. And assuming that and you're looking at price making this rally up here, okay, you as a swing
	492	+|491 |01:26:52,530 ~-~-> 01:27:05,880 |trader, the setup you would be hunting was this from this low to this high, right in here. Now, again, I'm going to counsel you to go and look at the
	493	+|492 |01:27:05,880 ~-~-> 01:27:16,890 |videos. You'll see me with a trade long here. And it was a swing trade. Okay. And this is the reason why I did it. Because I anticipated this range here, the
	494	+|493 |01:27:16,890 ~-~-> 01:27:26,670 |retracement back, we were still within a higher time frame probability of at least trying to trade back in the rains that flows from this high to this low.
	495	+|494 |01:27:26,940 ~-~-> 01:27:35,670 |So now again, I'm sticking with is that higher timeframe premise or a bullish scenario? Okay, so I'm expecting bullish prices. So now what am I going to do as
	496	+|495 |01:27:35,670 ~-~-> 01:27:47,310 |a swing trader, I'm gonna be looking for a trade like this. Okay, this low to high and I'm going to be looking to get long here. Okay, so now watch, we're
	497	+|496 |01:27:47,310 ~-~-> 01:28:03,210 |going to go down into that same little area. And we'll just take the 62 to 79 and block out that little area here. Okay, so we have identified a level where
	498	+|497 |01:28:03,210 ~-~-> 01:28:15,630 |we would expect to see the optimal trade entry form. Okay. We saw old highs in here, old lows in here. So we do know that around that 154 20 level, okay, or
	499	+|498 |01:28:15,630 ~-~-> 01:28:25,080 |154. figure that's highly likely that we will see a bounce there because we're inside the optimal trade entry 62 to seven nights of chasing level on the fib
	500	+|499 |01:28:25,440 ~-~-> 01:28:33,870 |based on this retracement of this high in this low in here. So we traced back into a deeper retracement while still being in a higher time frame bullish
	501	+|500 |01:28:33,870 ~-~-> 01:28:48,930 |scenario that we just mapped out from the monthly, weekly and daily. So now let's drill in to a four hour which is the next chart we utilize. Okay, so now
	502	+|501 |01:28:48,930 ~-~-> 01:28:59,220 |we have that little area down in here. Okay, so now you're gonna apply all the concepts we've already talked about. Okay, you see this low to this high in
	503	+|502 |01:28:59,220 ~-~-> 01:29:13,260 |here. If this is the area we're hunting for possible low to form to get long on their higher timeframe daily. Okay, to on day optimal trade entry long. Look
	504	+|503 |01:29:13,260 ~-~-> 01:29:33,300 |what happens if you take that low. And you apply one of our trademark patterns. ICT Grail oops. Here's a 62% retracement level here. Okay, it's overlapping with
	505	+|504 |01:29:33,300 ~-~-> 01:29:42,900 |this level here on this low. Here is the level is the 100 level. This is how we hunt the ITT reflection. So we have a confluence of a lot of factors here
	506	+|505 |01:29:42,900 ~-~-> 01:29:52,020 |suggesting this is going to be low. And again, please go back to the videos during these months. Okay, when I'm doing pro traders clubs and, and market
	507	+|506 |01:29:52,020 ~-~-> 01:30:02,940 |reviews on a weekend, you'll see me talk about these and show you okay and many times there's examples of trade entries and actual live events were actually did
	508	+|507 |01:30:02,940 ~-~-> 01:30:15,330 |trades and show you the results of it. But here you have a reflection pattern overlapping with a higher level. ot. Okay, so this is your entry for a swing
	509	+|508 |01:30:15,330 ~-~-> 01:30:28,830 |trade. Okay. But if you miss this one, okay, if you miss this one, we're on a second chart on our higher timeframe for swing trading the dailies the highest,
	510	+|509 |01:30:29,310 ~-~-> 01:30:39,870 |and the four hour is the secondary, this is what we're looking at now the four hour. But if you miss this, how do you take action? Think how do you take
	511	+|510 |01:30:39,870 ~-~-> 01:30:52,800 |action? If you want to be a swing trader and you miss the easiest entry in terms of the higher timeframe daily? What do you do? You wait for market structure to
	512	+|511 |01:30:52,800 ~-~-> 01:31:00,030 |prove to you that it's going to go higher. Okay. And that's this high right here. When now high is taken out here,
	513	+|512 |01:31:00,420 ~-~-> 01:31:09,900 |okay, you don't chase after once railing it like this. Because you're zoomed out to a daily in four hours, you're going to allow it to run up and give you a
	514	+|513 |01:31:09,900 ~-~-> 01:31:20,580 |range. And then when it starts to retrace, what do you do? you map out where the next signal is going to likely to occur? based on price. Okay, and what does
	515	+|514 |01:31:20,580 ~-~-> 01:31:31,740 |that look like? Well, you take your fib, and here's the lowest that you missed, but you maybe have anticipated. Here's the new range. Okay, this low to high,
	516	+|515 |01:31:32,070 ~-~-> 01:31:42,030 |your directional premise is still What? Long? Okay, you want to be a buyer. So you wait for price come down, look at the overlapping of setting line and this
	517	+|516 |01:31:42,060 ~-~-> 01:31:52,560 |old fib here, we have a nice confluence of the optimal trade entry right in here. Okay, so now you're getting long, at the 154 80 level be hands on, you can
	518	+|517 |01:31:52,560 ~-~-> 01:32:05,370 |see it over here, or 155. figure, okay, you can get long in that. And ever, rather manageable stop. And we haven't gone down to the one hour chart yet where
	519	+|518 |01:32:05,370 ~-~-> 01:32:13,080 |we can actually zoom and get a tighter placement on our entry and stop. But we're just gonna eyeball it here for now, because I'm going to talk about if you
	520	+|519 |01:32:13,080 ~-~-> 01:32:23,790 |do take this trading, you wouldn't be long. What's the targets? Well think we now have this range, we have this high to this low. Okay. And you can see how
	521	+|520 |01:32:23,790 ~-~-> 01:32:34,110 |price is reaching right back for this high here. With what dynamic explosive price action in the direction of the higher timeframe premise, you see this.
	522	+|521 |01:32:34,440 ~-~-> 01:32:42,870 |This is the type of trade you want to be in. This is institutional sponsors that this is where the big boys are behind it. Okay. And what happens is they get in
	523	+|522 |01:32:42,870 ~-~-> 01:32:50,700 |a buy a whole lot of it. And again, and he takes some profits off, but they don't want to they don't want to miss another opportunity to buy. So they'll
	524	+|523 |01:32:50,700 ~-~-> 01:32:58,710 |stop buying and allow the market to fizzle down. Okay, and where's it go right back to that same entry point where they can buy more and accumulate more of it.
	525	+|524 |01:32:59,040 ~-~-> 01:33:07,860 |And what do you see again, immediately rallies off away from it. And again, they put put the brakes on a little bit because they don't want to have too much
	526	+|525 |01:33:07,890 ~-~-> 01:33:15,870 |attention drawn to what they're doing. So every time it comes back, they're buying more of it, buy more of it, buy more of it. Okay. But now let's talk
	527	+|526 |01:33:15,870 ~-~-> 01:33:33,900 |about this little entry point right here. All I'm doing is borrowing this rectangle. And I'm going to highlight this little area here on the one hour
	528	+|527 |01:33:33,900 ~-~-> 01:33:45,720 |chart next to the lower level chart for swing trading. Okay, now watch what happens. We have price trading inside that little area here. Okay, at that at
	529	+|528 |01:33:45,720 ~-~-> 01:33:56,370 |that higher level, optimal trade entry point. Okay. Price rallies up and then comes back down inside that range. What do you think's gonna happen right here.
	530	+|529 |01:33:59,850 ~-~-> 01:34:09,480 |You're a swing trader, right? You've mapped out your directional premise based on the higher time frame. Here is your 79 your sweet spot and your 62 and
	531	+|530 |01:34:09,480 ~-~-> 01:34:18,540 |there's your explosive rally up and it doesn't take long to get back to these old highs here to get profit. Now what does it look like in terms of pips? Well
	532	+|531 |01:34:18,540 ~-~-> 01:34:31,350 |if you get in here at the sweet spot in just take profit over here, that's 250 pips 260 pips or so at the best case scenario on your exit. Okay to learn 60
	533	+|532 |01:34:31,350 ~-~-> 01:34:40,590 |pips, there's nothing wrong with that and it doesn't take but a few hours really to get to that point. So inside of a day 260 pips man, that's, that's, that's
	534	+|533 |01:34:40,590 ~-~-> 01:34:51,780 |good. And that's a swing trade that you could take using that higher level timeframe. Directional premise. Again, your directional premise should hopefully
	535	+|534 |01:34:51,780 ~-~-> 01:35:00,120 |by now, prove to you if you look into higher timeframe charts, if you just trade just like this, and trade in that higher time frame, directional premise. If
	536	+|535 |01:35:01,470 ~-~-> 01:35:08,340 |you're not going to trade every day, and that's okay. Unfortunately, a lot of you guys think that you have to be trading every single day, and you don't.
	537	+|536 |01:35:08,760 ~-~-> 01:35:21,750 |Okay. And it's, it's better if you didn't. Now, what do we have here? price comes back down. Okay. And let's look at the range here. Again, we're working
	538	+|537 |01:35:23,340 ~-~-> 01:35:33,360 |with a higher timeframe premise that we're expecting bullish prices. Okay, we have this last my fib me
	539	+|538 |01:35:38,460 ~-~-> 01:35:50,220 |using this low here, okay, on the one hour chart, your optimal trade entries up here. Okay. Now think you're a swing trader, right? Are you going to do your
	540	+|539 |01:35:50,250 ~-~-> 01:36:01,080 |trade entries on the lowest level? Not without consulting your higher level, right? So think before we even go back to that daily chart, what do you think
	541	+|540 |01:36:01,080 ~-~-> 01:36:08,580 |the ranges that you're going to be utilizing it, this is one that you could use if you just stick to the lower timeframe. And this is illustrating what happens
	542	+|541 |01:36:08,580 ~-~-> 01:36:17,130 |with you guys looking at one minute and five minute charts all the time, you can't see what you need to see when you're so tight to the market. You see this
	543	+|542 |01:36:17,130 ~-~-> 01:36:27,540 |old low back here, that's the enemy a term low, we have a low with a higher low and a higher low with higher lows behind it to higher low here, that's higher
	544	+|543 |01:36:27,540 ~-~-> 01:36:35,280 |than this one higher low here. And now we're expecting a higher low, right, we're hunting it. So this is going to make this a long term low. Okay, now
	545	+|544 |01:36:35,280 ~-~-> 01:36:49,140 |watch, you have this low to work with. And now this high. So this is the true range, this low in this high. Remember, okay, this high in this low, watch what
	546	+|545 |01:36:49,140 ~-~-> 01:37:02,100 |we do, we're going to take the fib and put it on the true range, which is the daily, you'll see it now clearly. Zoom in, sorry. Okay, see the range here, we
	547	+|546 |01:37:02,100 ~-~-> 01:37:11,070 |have the low, up to the new range high. And as price drops back down, we're going to take this other fish out because a little too much going on right now.
	548	+|547 |01:37:13,950 ~-~-> 01:37:25,140 |You can see how we go right down into that sweet spot. And then there's your rally or not for your nice entry point for a secondary entry. Okay, so you can
	549	+|548 |01:37:25,140 ~-~-> 01:37:38,850 |see the low to their high, here is the swing down in that sweet spot. So we can actually take that and put that here. Okay, and it's mapped out where the
	550	+|549 |01:37:38,850 ~-~-> 01:37:47,700 |optimal trade entry is going to be. And now if we go down to the four hour, you see our price comes right down at that point. Now if you see what I'm talking
	551	+|550 |01:37:47,700 ~-~-> 01:37:59,940 |about, if you're using this low to this high, this might have spooked you. Okay, but you've mapped out your trade idea from the higher timeframe daily down to
	552	+|551 |01:37:59,940 ~-~-> 01:38:04,860 |your four hour, which is your middle level for swing trading, and then down to the one hour.
	553	+|552 |01:38:12,960 ~-~-> 01:38:23,040 |Okay, which is where we trade into here. And now we can fine tune our entry. Okay. And what does that look like? Well, let's take this in. Don't even pretend
	554	+|553 |01:38:23,040 ~-~-> 01:38:30,600 |this pretend this is not even there. Okay. We don't need to see this, the reference what we're doing on a higher timeframe. What we're looking for is the
	555	+|554 |01:38:30,600 ~-~-> 01:38:39,720 |rally away, which is what we get here. And then we have this retracement down. So what do you think's going to happen over here? Well, if you take the fib port
	556	+|555 |01:38:39,720 ~-~-> 01:38:50,370 |from the low, up to the high here's your sweet spot. You sending lines isn't, doesn't get touched here, but you do get the opportunity to trade in here inside
	557	+|556 |01:38:50,370 ~-~-> 01:39:03,420 |this hourly candle, which forms a nice hammer. Okay, and then you have rally up. Okay? Now if you miss this opportunity here, okay, this is a swing high. Watch
	558	+|557 |01:39:03,420 ~-~-> 01:39:11,670 |what happens if you miss this one, it breaks that swing high here, right? See this high here. It's broken now. So now we have another shift in market
	559	+|558 |01:39:11,670 ~-~-> 01:39:21,420 |structure that's now confirming bullish prices. So now when price rallies up and starts to retrace, okay, if we miss this opportunity, we now have a new range of
	560	+|559 |01:39:21,420 ~-~-> 01:39:36,300 |here, this low to this high. pull that up to the high here. And here's your 62% retracement level here. Okay. Or you could use the low that's formed right here.
	561	+|560 |01:39:37,410 ~-~-> 01:39:49,650 |Okay, this is actually a New York open kill zone so you can use this swing point for reference. Again, go look at the Fibonacci concepts video, we'll talk about
	562	+|561 |01:39:49,950 ~-~-> 01:40:00,690 |where I pull fibs from in cases going over your head. And you can see a high more higher level symmetry in price action here. Where comes right down to 79%
	563	+|562 |01:40:00,690 ~-~-> 01:40:10,230 |retracement level and here's the 62. So he's a very nice, handsome sweet spot here on the hourly chart. Okay, so you could be positioned as well, for swing
	564	+|563 |01:40:10,230 ~-~-> 01:40:20,730 |trade, they're looking for higher prices. So you can see how just by utilizing the hard timeframe premise that you can figure it out trades with the
	565	+|564 |01:40:20,730 ~-~-> 01:40:32,640 |directional premise based on that position traders mindset. Okay. And really it just equates to the top down analysis that's needed. Okay, to be consistently
	566	+|565 |01:40:32,850 ~-~-> 01:40:40,770 |profitable, you need to be doing the same thing over and over again. And you're looking for the higher level charts to dictate where your trades going to be in
	567	+|566 |01:40:40,770 ~-~-> 01:40:51,150 |what direction, okay. Now, again, you can swing trade reversals, okay, here's an high here. And if you don't a turtle superior and swing trader that down into
	568	+|567 |01:40:51,150 ~-~-> 01:40:57,630 |the optimal trade entry here, I'm not teaching that here. But you certainly can do that. And the same thing here, here's a high when price rallies up makes that
	569	+|568 |01:40:57,630 ~-~-> 01:41:06,750 |new high. Overall, you're bullish higher timeframe, but you can trade these turtle suits down into a retracement and still be considered a swing trade,
	570	+|569 |01:41:06,780 ~-~-> 01:41:17,820 |okay. But that's advanced stuff. And I'm not even gonna try to teach it to you. Okay. After time of doing technical analysis and trading, you'll see when you'll
	571	+|570 |01:41:17,820 ~-~-> 01:41:25,620 |know personally when you are able to do these type of trades, but I'm teaching you to trade with the institutional sponsorship that's usually seen on the
	572	+|571 |01:41:25,620 ~-~-> 01:41:34,200 |higher level charts like monthly, weekly and daily. Okay. So now what we're going to do is we're now going to swing down to another shorter term
	573	+|572 |01:41:34,650 ~-~-> 01:41:50,250 |perspective, in this same area of price. Okay. Now, how many times have we shifted gears in terms of directional premise? Zero? None. Okay, we've arrived
	574	+|573 |01:41:50,250 ~-~-> 01:42:00,720 |at the higher level timeframe, directional premise, okay. And we've established our bias based on that. We ain't guessing guys, okay, we're sticking in one
	575	+|574 |01:42:00,720 ~-~-> 01:42:09,000 |camp. Okay. And it's based on where the least resistance is going to be. And it's found by studying the higher timeframe charts. Okay. So now let's take a
	576	+|575 |01:42:09,000 ~-~-> 01:42:19,230 |look at short term traders mentality. And we've, again, we've mapped out this area here. So now we're looking at is a flower as our higher level timeframe.
	577	+|576 |01:42:21,870 ~-~-> 01:42:31,350 |Okay, here's the for love for our chart. Okay, and much the same capacity, what you'd be looking for is key support resistance levels. Okay. And we're going to
	578	+|577 |01:42:31,350 ~-~-> 01:42:40,950 |assume for a moment that we understood that this is a short term low, because we have higher lows here, and higher lows on either side of it. So now we know that
	579	+|578 |01:42:41,250 ~-~-> 01:42:52,080 |we have a possible market structure to imply at least a low to the high in this market structure here. Okay, so we have this range from this low to this high.
	580	+|579 |01:42:52,380 ~-~-> 01:43:00,690 |Now, it could have been the high that's formed over here, if this high was higher, in that would have been any reference point that we use for what I'm
	581	+|580 |01:43:00,690 ~-~-> 01:43:07,290 |about to do. Taking the high down to that low,
	582	+|581 |01:43:08,010 ~-~-> 01:43:17,610 |okay, at some point when these when is highs taken out, again, here, you can see it finding support here, we would be reasonably expecting a move to these levels
	583	+|582 |01:43:17,610 ~-~-> 01:43:28,710 |up here. Okay, so just on market structure alone, we have directional premise, indicating that we have a likelihood of fulfilling a upside objective around
	584	+|583 |01:43:28,710 ~-~-> 01:43:39,570 |that 161 161 50 level or so. Okay, so we have a whole lot of room trading in here to get to that point, there's a lot of pips available as a short term
	585	+|584 |01:43:39,570 ~-~-> 01:43:50,250 |trader doing that. Now, again, not losing sight of this old high back here as a possible upside objective ultimately, on the higher timeframe long term position
	586	+|585 |01:43:50,520 ~-~-> 01:44:05,430 |traders mindset. Now using the short term traders, for our Okay, all you're looking for really is new range, low to high. Okay. And you're going to be
	587	+|586 |01:44:05,430 ~-~-> 01:44:14,370 |pulling your fibs from that in the higher time frame, directional premise going higher. Okay. And all you're doing is looking for clear structure swing points
	588	+|587 |01:44:14,370 ~-~-> 01:44:24,420 |that make lows to highs and employ your fibs from it. Look how many times I'm going to draw it. Look how many times the market had given you awful trade
	589	+|588 |01:44:24,420 ~-~-> 01:44:35,430 |entries in here, just in this point here, on this little area here. That's 100 pips or so a couple times that was laid on table just dealing short term trades
	590	+|589 |01:44:35,430 ~-~-> 01:44:49,080 |pulling optimal trade entries on the swings, okay. But we're gonna assume that you weren't that nimble. Okay. And you seen, this is a nice area of resistance,
	591	+|590 |01:44:49,260 ~-~-> 01:44:59,910 |okay, and you want to be safe. You want to be trading short term, once this level cuz there's no guarantee that this is going to provide a support level
	592	+|591 |01:45:01,320 ~-~-> 01:45:09,030 |Because it's going to be a resistance level initially right? Or we would expect it to be. So as price goes through it, this is where you would trade as a short
	593	+|592 |01:45:09,030 ~-~-> 01:45:19,470 |term trader. Okay, here's your short term trade here. Now, what makes it a short term trade? Well, number one, we've broken resistance now support, we're inside
	594	+|593 |01:45:19,470 ~-~-> 01:45:27,930 |of a higher level directional premise on the higher timeframe, position traders mindset and swing traders mindset, we now have a very high likelihood of
	595	+|594 |01:45:27,960 ~-~-> 01:45:35,340 |catching a bounce here, even if it's ultimately going to go up to this high here and fail. This has given us a short term trading opportunity, which is all true
	596	+|595 |01:45:35,370 ~-~-> 01:45:45,510 |short term trader is thinking about. But now let's take a look at March market structure in terms of the setups see this old high here. Now grant, we have this
	597	+|596 |01:45:45,510 ~-~-> 01:45:56,580 |high here, and this here that we noted with the resistance level. But prior to that, it's this one. Okay, see that. So we have this level of concern with this
	598	+|597 |01:45:56,580 ~-~-> 01:46:08,160 |level actually becomes the 157 44 level, because that's a nice level of anticipated support. So if price does slip below that we could at least see it
	599	+|598 |01:46:08,160 ~-~-> 01:46:16,410 |trade down to that point. But the point we're going to illustrate is, this is a reference point that you can pull a fib from number hidden optimal trade entry,
	600	+|599 |01:46:17,160 ~-~-> 01:46:30,390 |using market structure and fibs. We have the 79 cent tracing level, converging almost right to that same level of support resistance. Okay, let me put that on
	601	+|600 |01:46:30,390 ~-~-> 01:46:31,050 |a little bit better.
	602	+|601 |01:46:36,330 ~-~-> 01:46:44,640 |Gabriel now here, you can see how the 79th century some level is almost converging rate with that particular price level that we've mapped out with
	603	+|602 |01:46:44,670 ~-~-> 01:46:53,730 |support resistance levels. Now, let's drill down to the second chart for short term trading, which is the four hour This is your mid level timeframe. Okay, get
	604	+|603 |01:46:53,730 ~-~-> 01:47:05,100 |a little bit closer view of what we're describing. Okay, and you can see how price slips through here. Okay, but you can see the reactions at that same price
	605	+|604 |01:47:05,100 ~-~-> 01:47:18,510 |level. Okay. Again, I'll play devil's advocate, say you missed this one, which is fine. Because guess what, if you want to be a high odds, consistent trader,
	606	+|605 |01:47:18,900 ~-~-> 01:47:26,730 |this is what you would do. You would wait. I know that's hard for you guys that get in your head patient is a very difficult thing to teach. You have to be
	607	+|606 |01:47:27,150 ~-~-> 01:47:37,590 |trained, you have to sometimes be beaten mercilessly, okay, until it's ingrained in your psyche that you have to wait for certain certain things sometimes, okay,
	608	+|607 |01:47:37,590 ~-~-> 01:47:48,480 |and success and trading, enforcing, you need to do these types of things and learn to wait, okay? But if you see this bounce, this is what you would expect
	609	+|608 |01:47:48,480 ~-~-> 01:47:59,070 |to see. You want to see it react at that price level. But now watch, go to the left side over here and see this short term high. There's your break. So you
	610	+|609 |01:47:59,070 ~-~-> 01:48:09,360 |know, you have short term market structure shift bullish. Okay, so now you are in sync looking for now new buy signals. Okay. So this high here when it's
	611	+|610 |01:48:09,360 ~-~-> 01:48:20,520 |broken, okay, what you're going to do is start pulling your fibs on the swings. Now we're in a one hour chart, okay. So again, you're using the fibs on the four
	612	+|611 |01:48:20,520 ~-~-> 01:48:31,410 |hour or one hour to time, the setup or establish to set up the stage. In other words, here's your range here, this low to high, you're setting it to and
	613	+|612 |01:48:31,410 ~-~-> 01:48:40,020 |tracing levels laying right here converging with the level of resistance that we've already mapped out. So looking to be buying around the 157 80, which is
	614	+|613 |01:48:40,020 ~-~-> 01:48:47,490 |not even the sweet spot. Okay, that's an institutional institutional, I would like to watch the 80s as a nice level. It could be a buyer at that particular
	615	+|614 |01:48:47,490 ~-~-> 01:48:58,620 |price point. Okay, and then there's your short term trade. What's your position? objectives? Well, if you get into the sweet spot, getting back this old high
	616	+|615 |01:48:58,620 ~-~-> 01:49:08,340 |here, there's 80 pips. Okay, now if you go back to this old market structure, swing high here. Okay, that retraced before we got down to this level of support
	617	+|616 |01:49:08,340 ~-~-> 01:49:24,720 |resistance. This level here, if you took profits there, that's 120 pips. The 120 pips are here. And there's two very easy levels to derive a split position and
	618	+|617 |01:49:24,720 ~-~-> 01:49:36,210 |loads of using double tap, you could take profits here, and here. Okay. Now let's look at how we have a higher low here, we have a low here, we have a
	619	+|618 |01:49:36,210 ~-~-> 01:49:46,290 |higher low here, so we have March structure, implying that we're hopefully going to see higher lows and higher highs. But as we start moving forward, okay, and I
	620	+|619 |01:49:46,290 ~-~-> 01:49:54,540 |didn't do this with the other timeframes because I wanted to move along, but you're going to start seeing it become more dynamic. As prices moving in the
	621	+|620 |01:49:54,540 ~-~-> 01:50:01,800 |higher time frame directional premise, you want to be mapping out the resistance levels. Once they're broken, we enter They tend to become support resistance,
	622	+|621 |01:50:01,980 ~-~-> 01:50:13,380 |okay? As the market begins to move higher and higher and higher, all these retracements are new opportunities to take short term trades going long. Now, if
	623	+|622 |01:50:13,380 ~-~-> 01:50:24,540 |you look at the vertical lines now because now we can start looking at intraday divisions in terms of where particular days of the week are forming, you'll
	624	+|623 |01:50:24,540 ~-~-> 01:50:36,090 |start seeing that we've what we've talked about for three years now, how the week's low in a bullish scenario, many times will be between Sunday's opening
	625	+|624 |01:50:36,120 ~-~-> 01:50:45,090 |and Tuesdays London open and if it's not by Tuesday's London open and certainly gonna be by Wednesdays London open typically, there's 70% chance that you're
	626	+|625 |01:50:45,090 ~-~-> 01:50:53,970 |going to see it. unfold this very way. So, again, don't take my word on look at your charts and you'll see it but the double lines here delineating Sundays,
	627	+|626 |01:50:54,150 ~-~-> 01:51:04,050 |okay, so we have a new week here with bullishness. We have Monday's trading, Tuesday trading here is Wednesday. Okay, so here's the low that you could have
	628	+|627 |01:51:04,050 ~-~-> 01:51:13,290 |traded as a short term trader. Okay, and just there you go. Short term trade couple days, up to a week. Okay. Answering on Wednesday, here's Thursday, here's
	629	+|628 |01:51:13,290 ~-~-> 01:51:24,330 |Friday, three days, let's take a look at what's a pip haul would have been on that. And again, your short term trader, this is the highest level and lowest
	630	+|629 |01:51:24,330 ~-~-> 01:51:30,510 |level available to you as a short term trader in a week, there's 210 pips. Okay, in one week.
	631	+|630 |01:51:31,470 ~-~-> 01:51:39,600 |Now, again, we have another scenario here, we have a new level of support resistance. So you can just take this level here,
	632	+|631 |01:51:49,050 ~-~-> 01:52:06,540 |draw a new one, we have new support resistance levels to work with. Short term high here, it breaks through this level here, same application of fed using old
	633	+|632 |01:52:06,570 ~-~-> 01:52:17,280 |Mark structure high to a new high here. Here's your segments and tracing level here right to the pit. Okay, and you want to be a buyer here with first profit
	634	+|633 |01:52:17,280 ~-~-> 01:52:26,730 |of this old low I'm sorry, his old high. He just did that. Again, directional premise is what guys, we've already arrived at it based on the higher time frame
	635	+|634 |01:52:27,030 ~-~-> 01:52:35,340 |that we're looking for buys. Why? Because the institutional sponsors that that we would hopefully like to see our trades are going to be looking to be buyers.
	636	+|635 |01:52:35,370 ~-~-> 01:52:47,460 |So you're 67 pips first profit. Okay, and then remaining, you know, the low forming here for this week on Monday. Okay, so over rules, you can see them
	637	+|636 |01:52:47,460 ~-~-> 01:52:57,600 |unfolding to the meaning to the letter. Okay. And if you're a short term trader, you could take first profit here and hopefully weekly range. Oh, yeah, hopefully
	638	+|637 |01:52:57,600 ~-~-> 01:53:10,530 |weekly range. Take some profits around Friday. Sure. Let's look at take a look at that. And not even you guys are saying what sounds unbelievable. 272 pips
	639	+|638 |01:53:10,560 ~-~-> 01:53:22,080 |again inside of the same week, okay, your short term trader, that's a week or less. Okay. Now we're approaching these levels where that old high was, okay,
	640	+|639 |01:53:22,080 ~-~-> 01:53:30,540 |that we're on that 163 figure. Okay, so when we trade up to that point, okay, we want to be a little bit more leery of taking new bicycles until we can see that
	641	+|640 |01:53:30,540 ~-~-> 01:53:49,170 |old high being broken. And that being this height here, which we didn't do, but by pepper, so Okay, so when you see this event, okay, like this. There's a whole
	642	+|641 |01:53:49,170 ~-~-> 01:53:56,550 |lot of opportunity to trade, but there's a whole lot more opportunities when you should not trade okay? And if you haven't learned that over the last three
	643	+|642 |01:53:56,550 ~-~-> 01:54:06,000 |years, it's time to learn okay, because it's it's important that you understand how the markets work with the higher timeframe premise in mind working off a
	644	+|643 |01:54:06,000 ~-~-> 01:54:15,330 |higher level key support resistance levels, the banks and the big players are working off these higher timeframe charts, they could they couldn't care less
	645	+|644 |01:54:15,360 ~-~-> 01:54:24,360 |about your one minute chart looks like okay, your one minute chart means nothing to them. We as traders can use those to zero in on high odds entry points, but
	646	+|645 |01:54:24,360 ~-~-> 01:54:35,760 |they're not guarantees that that's what the banks are using. In fact, they're not. Okay, so we've mapped out the position traders mindset, we've mapped out
	647	+|646 |01:54:35,760 ~-~-> 01:54:44,250 |the swing traders mindset, we looked at short term trading. Okay, so now let's zoom down to the lowest level day traders and or scalping. Okay, and now what
	648	+|647 |01:54:44,250 ~-~-> 01:54:57,420 |we're going to do is we're going to use the one hour time frame as we have here, and we're going to look at that same scenario. Okay, and that resistance level
	649	+|648 |01:54:57,420 ~-~-> 01:55:13,950 |here and we have no This little move right here. Okay, there's a little move in here. We're going to break that down. And this happens to occur on September 7
	650	+|649 |01:55:14,040 ~-~-> 01:55:23,700 |of this year 2012. Okay, and we're going to go down to our 15 minute chart, what's their mid level?
	651	+|650 |01:55:30,300 ~-~-> 01:55:47,640 |Okay, and actually, I call it the ninth, it was actually the seventh sorry. This is a Friday. Okay. I generally do not like to trade Fridays. But I'm just gonna
	652	+|651 |01:55:47,640 ~-~-> 01:55:57,930 |give you an example of how, you know, utilizing these concepts, you can see trades that are intraday in line with the higher timeframe premise, and how they
	653	+|652 |01:55:57,930 ~-~-> 01:56:07,980 |could materialize in and show some significant price gains. I'll let you look at the calendar, figure out what this is. do some homework, I'm not going to tell
	654	+|653 |01:56:07,980 ~-~-> 01:56:22,380 |you everything. Again, this is a Friday. So again, have that in mind. But in this area here, you could be hunting, a setup to go long. Okay, based on just
	655	+|654 |01:56:22,380 ~-~-> 01:56:35,340 |simple optimal trade entry, okay. But utilizing the worst case scenario entry, not the best, we're going to use the 62% traceable here. With a 30, Pip stop,
	656	+|655 |01:56:35,430 ~-~-> 01:56:46,530 |you're down here. You didn't get stopped. Okay. Yes, that would have been 159 16. So you would have been preserved in this in this instance. Okay. But
	657	+|656 |01:56:47,220 ~-~-> 01:57:00,060 |that's using with that range. Okay. Here's our old level of higher level support resistance line. Okay, all I did was drill down to 15 minutes art, this level in
	658	+|657 |01:57:00,060 ~-~-> 01:57:11,850 |this high, okay becomes significant. Why? Well, because this is a range based off a higher level key support resistance levels, that you can't really see that
	659	+|658 |01:57:11,850 ~-~-> 01:57:21,870 |Well, obviously, you get in hence up here. But if you're zoomed into a 15 minute chart, you can see how very quickly, price action can be skewed. It hides from
	660	+|659 |01:57:21,870 ~-~-> 01:57:32,760 |you right in plain sight. Here's your range. And suddenly, you get perfect symmetry. Okay. This is what blows all the guys that are just discovering me on
	661	+|660 |01:57:32,760 ~-~-> 01:57:40,920 |the internet. They're like, This is crazy. I mean, you're pulling out. So precise points. And there's nothing except for using a higher timeframe premise.
	662	+|661 |01:57:41,340 ~-~-> 01:57:49,590 |drill down and looking for higher level support resistance levels, pull your fibs. Because think about it, this is a high level resistance level, once it's
	663	+|662 |01:57:49,590 ~-~-> 01:57:57,990 |broken, it's going to act as support. Right? Okay, well, it doesn't find support again, over here. But it's trying to get down to that point, we want to see what
	664	+|663 |01:57:58,050 ~-~-> 01:58:06,660 |if we're bullish, we want to see higher lows, so it's advantageous for us to see the higher low form. So we're stalking that. And that's why these types of
	665	+|664 |01:58:06,660 ~-~-> 01:58:13,740 |setups unfold where it looks like Voodoo. Okay, we don't want to see it come back down to that level, because if it does, it's probably not going to go up
	666	+|665 |01:58:13,740 ~-~-> 01:58:20,850 |even higher, it can, but the higher odds are, if it makes a higher low, that's where people are gonna be looking to be buying, okay, you want to be buying
	667	+|666 |01:58:20,850 ~-~-> 01:58:29,970 |strength and selling weakness. And this is an indication of strength, because unwilling to go lower, when perhaps it might indicate that one on one or five
	668	+|667 |01:58:29,970 ~-~-> 01:58:38,010 |minute chart in that little area of price action. And you can see the extrapolated price move here. And then there's nothing wrong with just using the
	669	+|668 |01:58:38,010 ~-~-> 01:58:46,950 |same concepts we always talk about using the high to the low with a higher time frame, directional premise, and our swing trading, here's 162 extension in here,
	670	+|669 |01:58:47,370 ~-~-> 01:58:57,000 |very handsome opportunity to take your profits. And again, if, if you've been following me, obviously, these are nothing new. I've not created a new rules or
	671	+|670 |01:58:57,000 ~-~-> 01:59:08,400 |anything. But we're just applying the concepts in a structured way to hopefully facilitate a walk forward for you as a trader, to start mapping out the market
	672	+|671 |01:59:08,430 ~-~-> 01:59:16,110 |and building confidence with directional premise and not over complicating it. Here's the 100 level here on your fib extension. So we have a whole lot of
	673	+|672 |01:59:16,110 ~-~-> 01:59:26,970 |confidence to expect some kind of intraday profit taking and doing that. Again, getting down here and in the midpoint of that consolidation. We'll just take the
	674	+|673 |01:59:26,970 ~-~-> 01:59:37,410 |extension here. Inside of one day day trade is 88 pets right there. So almost 90 pips inside of one day. Okay, and that's one week for me. Think about that. I'm
	675	+|674 |01:59:37,410 ~-~-> 01:59:49,260 |only looking for 5075 pips, on average. Now you probably can't believe it. Oh, man, you got to be taken more than that. Well, I do take profits, and higher
	676	+|675 |01:59:49,260 ~-~-> 01:59:56,520 |degree in terms of pips, but that's not my motivation. And that's hopefully what you are gleaning from all the material is that you don't necessarily have to be
	677	+|676 |01:59:56,520 ~-~-> 02:00:06,180 |swinging for the fences, but be positioned to capture You get it, and you're hitting singles to fill the basis. And eventually, if you hit that home run, not
	678	+|677 |02:00:06,180 ~-~-> 02:00:15,510 |because you expected it. But when you have the bases loaded with all your singles, then it becomes a Grand Slam and it's genuine like a wizard on the
	679	+|678 |02:00:15,510 ~-~-> 02:00:27,060 |forums, you'll have a tiger woods on the golf course in the Forex world. So all these things are repeatable for you. As a trader, you can build your framework
	680	+|679 |02:00:27,060 ~-~-> 02:00:30,390 |as a trader and experienced level
	681	+|680 |02:00:30,660 ~-~-> 02:00:40,320 |by just using the same approach the same concepts, make them generic to you that you inherently go to them over and over and over again, you're not looking to
	682	+|681 |02:00:40,320 ~-~-> 02:00:49,740 |add any more fluff to them. You're not trying to tweak them. They're very essential core principles. Okay. same premise have here. Okay, we expected this
	683	+|682 |02:00:49,740 ~-~-> 02:00:57,870 |low not to be read. I'm inside this level to be retested here. Okay, we have this high here. So market structure implies that if we are in a bullish
	684	+|683 |02:00:57,870 ~-~-> 02:01:05,580 |scenario, like we anticipate, okay, we're going to look for what the low and we start retracing from this high. We don't want it to come back down to that
	685	+|684 |02:01:05,580 ~-~-> 02:01:15,570 |level. We don't want it to Okay, well, what will be haunting is what? Here's your range from this low on the Friday.
	686	+|685 |02:01:26,280 ~-~-> 02:01:27,210 |Here's your range.
	687	+|686 |02:01:31,980 ~-~-> 02:01:43,110 |Okay, here's your 60 to 62% retracement level. Okay, price comes down and your first entry. I'm sorry your entry to get long in here at this time of day is New
	688	+|687 |02:01:43,110 ~-~-> 02:01:51,330 |York open. Okay. And you can see a reflection here which I'm not going to draw you can take this low to this high you'll get the actual low in here and your
	689	+|688 |02:01:51,330 ~-~-> 02:02:02,910 |first profit is here. So intraday. Just trading again with the higher timeframe premise in mind only looking to be a buyer simply because we have the highest
	690	+|689 |02:02:02,940 ~-~-> 02:02:18,000 |odds of seeing profit. Here's 50 pips intraday. Okay, again, that's a week for me. Okay? We have a higher low here, okay. And look at the optimal trade entry
	691	+|690 |02:02:18,000 ~-~-> 02:02:30,450 |in here. Okay, we broke this high here. And there's your retracement, pull out the tray entry. From the low to this high, you'll get the actual low here
	692	+|691 |02:02:30,810 ~-~-> 02:02:40,950 |formed. And this is the London open. What day the week, Tuesday. Okay, we had the week's low on Monday, we have a confirmation of continuation going higher on
	693	+|692 |02:02:40,950 ~-~-> 02:02:51,030 |Tuesday, again, looking for buys right or not. Now again, see this purple area, there's all this backdrop is that higher level mapping that we did, okay, we've
	694	+|693 |02:02:51,030 ~-~-> 02:03:01,530 |mapped out where the highest level of probability and directional premise is most likely to occur. And it keeps us focused on one, one direction, okay, and
	695	+|694 |02:03:01,560 ~-~-> 02:03:10,740 |something just occurred to me while I just said that, I have this set with purple, okay, you may have this for your setup. If you can tolerate the color,
	696	+|695 |02:03:10,950 ~-~-> 02:03:19,080 |maybe it could be green as a backdrop to you, that could be your subliminal indication that, hey, look, man, look at the charts, I'm really focusing on
	697	+|696 |02:03:19,080 ~-~-> 02:03:28,350 |buying because green being bullish, or maybe you don't think green is bullish, but, you know, maybe you can attribute to whatever color you want it to be. And
	698	+|697 |02:03:28,680 ~-~-> 02:03:38,070 |maybe it makes it a red color, or a red tint of some kind, or a pink or something like that, or whatever color you want to attribute to as a sell
	699	+|698 |02:03:38,250 ~-~-> 02:03:47,970 |scenario. So that way, you're always looking to chart with him with a bearish mentality. Okay. And, again, there's not there's no rocket science behind this,
	700	+|699 |02:03:48,000 ~-~-> 02:03:57,420 |it's it's very simple approach to doing it. You haven't complicated the matter, we stuck to just trading off of the higher timeframe premise. Okay? And that's
	701	+|700 |02:03:57,420 ~-~-> 02:04:06,540 |your directional premise. Okay, that's your directional premise. You don't trade every day. You don't anticipate trading every day, okay? And you just wait for
	702	+|701 |02:04:06,540 ~-~-> 02:04:16,980 |the setups that really line up with what you're looking to do as a trader. Okay. And when you get to the point where you can start trading very consistently,
	703	+|702 |02:04:17,250 ~-~-> 02:04:29,820 |you'll start seeing the market to all of these timeframes at one time, okay, you'll, you'll start seeing it in a manner where you'll know you can move from
	704	+|703 |02:04:29,820 ~-~-> 02:04:45,810 |one timeframe or style trading to another. And it won't be anything to you to do that. It won't it won't take your mind away from you know, what you need you
	705	+|704 |02:04:45,810 ~-~-> 02:04:55,470 |doing on the short term. If you're a higher timeframe, position trader, you could work within both directions of the marketplace. And there's nothing wrong
	706	+|705 |02:04:55,470 ~-~-> 02:05:05,310 |with that, but there's a growing period it's going to be needed to get to that point. As long as you are comfortable with that, it's not going to be, you know,
	707	+|706 |02:05:07,110 ~-~-> 02:05:18,450 |hopefully disappointing to you as you grow and you have growing pains. So, again, let's recap this and put this video to bed. When you look for directional
	708	+|707 |02:05:18,450 ~-~-> 02:05:26,520 |premise, obviously you're looking at the monthly, weekly and daily, that's your position traders mindset. Okay, so every trade should have that in the forefront
	709	+|708 |02:05:26,550 ~-~-> 02:05:33,780 |of your mind. Now where's where's the highest probability in terms of direction most likely to occur, you're going to find that by looking at that higher level
	710	+|709 |02:05:33,780 ~-~-> 02:05:40,620 |monthly, weekly and daily, find the key support resistance levels, determine the market structure, market profiling, all these things that we talked about in
	711	+|710 |02:05:40,620 ~-~-> 02:05:51,420 |previous market teachings are applicable here. And obviously, a swing trader, you're using the daily the four hour and one hour, again, looking for trades in
	712	+|711 |02:05:51,420 ~-~-> 02:06:01,560 |a directional premise that's arrived at the position traders mentality, okay. The short term trader, obviously using the four hour one hour and 15 minute time
	713	+|712 |02:06:01,560 ~-~-> 02:06:13,230 |frame, okay, that same approach to trading still will use those central tenants that you arrive at with the position trader and swing traders mindset. Okay,
	714	+|713 |02:06:13,470 ~-~-> 02:06:22,260 |nothing's changing. There's no confusion, okay? I've seen guys get frustrated, say, Well, how can we trade if it's always, something's always changing? what's
	715	+|714 |02:06:22,260 ~-~-> 02:06:29,700 |changing, guys, the dates changing, okay, new opportunities are presenting themselves. But nothing's changed in the higher timeframe.
	716	+|715 |02:06:30,240 ~-~-> 02:06:37,920 |Okay, you're still either going to be going up, or you're still going to be going down in the higher time frame, predominantly one way or the other. Okay,
	717	+|716 |02:06:37,920 ~-~-> 02:06:45,630 |it's going to be heavy weighted either to the bullish side or the bearish side, unless you're in a very, very tight, discernible consolidation we've already
	718	+|717 |02:06:45,630 ~-~-> 02:06:55,560 |shown. And that's why I really highlighted this is an example, the cable where we were in is really tight consolidation down in here. This is still applicable.
	719	+|718 |02:06:56,010 ~-~-> 02:07:04,290 |I mean, there's a lot of opportunity to be made in this little consolidation that may be viewed as consolidation small in some people's eyes. But there's a
	720	+|719 |02:07:04,290 ~-~-> 02:07:14,400 |lot of opportunity to be making money in all this, before we even got all this rat or this rally up. This is crane, you want to be able to trade inside of this
	721	+|720 |02:07:14,580 ~-~-> 02:07:23,760 |and still make money. Okay? And that's where you simply use the inside the range concepts, and it's done. You know exactly what you're doing. Okay? And there's
	722	+|721 |02:07:23,760 ~-~-> 02:07:33,780 |no reason for you to be struggling, trying to figure out what the directional premise should be. There's no reason for that, okay? Just look at the higher
	723	+|722 |02:07:33,780 ~-~-> 02:07:43,470 |timeframes, break your market down from the top down, okay, and stick to that. Only trade in that direction, guess what that's gonna mean, you're going to
	724	+|723 |02:07:43,470 ~-~-> 02:07:53,280 |probably miss some trades. And guess what, there's absolutely nothing wrong with that. I miss a million trades. And some of them were absolutely barn burners.
	725	+|724 |02:07:53,910 ~-~-> 02:08:02,100 |And I would have seen him coming. And many times, I could have probably easily done that the counter trend trade. But I don't care. Because I want to have a
	726	+|725 |02:08:02,100 ~-~-> 02:08:13,350 |life I'm comfortable with, with the amount of money I make. And I'm very complacent with the approach that I've adopted as a trader, I've done all this
	727	+|726 |02:08:13,380 ~-~-> 02:08:22,560 |stuff that you want to be doing right now, scalping 15 times a day, and 40 times a week and 300 by the end of the month, that's great. If you want to be you want
	728	+|727 |02:08:22,560 ~-~-> 02:08:31,740 |to be that type of trader, go right ahead, and I wish you profits. But I think over time, if you can sustain yourself, you're gonna find that it's a lot more
	729	+|728 |02:08:33,630 ~-~-> 02:08:43,830 |lucrative, okay, to be passive. In trading, you don't have to be in here all the time. In fact, my stress level is next to nothing, because I don't spend that
	730	+|729 |02:08:43,830 ~-~-> 02:08:53,310 |much time in there. Okay, actually stress more about doing these videos for you guys than I do trading. And, you know, that's really what it gets to, you know,
	731	+|730 |02:08:53,730 ~-~-> 02:09:03,030 |are you doing this to make money and have a better life? Or are you doing this to compete, and if you're in here to compete, you don't for the wrong reasons.
	732	+|731 |02:09:03,150 ~-~-> 02:09:12,360 |Okay? Number one, it's to make money, and you want to be making money and having a very nice life. And you can do that while you're building your equity. Okay,
	733	+|732 |02:09:12,360 ~-~-> 02:09:19,950 |and when you have a whole lot more money at work, and you're taking these types of trades, it's unbelievable how much money can come into your account just on a
	734	+|733 |02:09:19,950 ~-~-> 02:09:32,490 |weekly basis, let alone for the year. So again, hopefully, this has been insightful to you guys. And it's been one more step further for you to be
	735	+|734 |02:09:32,490 ~-~-> 02:09:42,840 |developing a directional premise. And again, we didn't apply every tool, I just stuck to the core principles, keeping your focus on what's essential. Okay, we
	736	+|735 |02:09:42,840 ~-~-> 02:09:49,230 |talked about core essentials of the market structure. We talked about core essentials with directional premise from the higher time frame deck direction,
	737	+|736 |02:09:49,560 ~-~-> 02:09:59,190 |or premise from a top down perspective. And that's it, that's all you need. Now, when you have that premise in mind, you can apply all these other tools that are
	738	+|737 |02:09:59,190 ~-~-> 02:10:10,590 |applicable Based on the specific criteria for that given day or week or month, whatever type of timeframe you're looking at based on your style tree. Okay, so
	739	+|738 |02:10:10,590 ~-~-> 02:10:12,990 |with that guys, I wish you good luck and good trading
4	4
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7		-structure. And this module is going to
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11		-be really based upon the premise of
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15		-looking towards helping you educate
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19		-yourself in determining trade direction.
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23		-This is probably one of the most
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27		-reoccurring email inquiries and posts
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31		-that you see in the forums directed to
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34		-00:00:35,129 ~-~-> 00:00:40,409
35		-me. It's Michael, obviously to share a
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38		-00:00:40,409 ~-~-> 00:00:42,149
39		-little further amplification on some of
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42		-00:00:42,149 ~-~-> 00:00:44,939
43		-the concepts that I use in determining
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46		-00:00:44,969 ~-~-> 00:00:47,819
47		-trade direction. And hopefully, this
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50		-00:00:47,819 ~-~-> 00:00:51,269
51		-will be insightful for you. But what do
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54		-00:00:51,269 ~-~-> 00:00:53,369
55		-we do when we sit down from the charts?
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59		-What's the primary function as a trader?
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62		-00:00:56,249 ~-~-> 00:01:00,239
63		-Well, you as a forex trader Do you want
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66		-00:01:00,239 ~-~-> 00:01:02,519
67		-to be finding your way through price?
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70		-00:01:03,029 ~-~-> 00:01:04,799
71		-And as a new trader, I can understand
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74		-00:01:04,799 ~-~-> 00:01:07,289
75		-how daunting this task may be because
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78		-00:01:07,619 ~-~-> 00:01:09,119
79		-there's so many different timeframes.
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82		-00:01:09,119 ~-~-> 00:01:11,489
83		-You have your monthly, weekly daily for
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87		-hour, one hour, 15 minutes or five
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90		-00:01:13,259 ~-~-> 00:01:15,299
91		-minutes or one minute chart, you have
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95		-tick charts, all these different
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99		-timeframes, it's very bewildering
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102		-00:01:19,769 ~-~-> 00:01:21,989
103		-sometimes, if you understand really what
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106		-00:01:21,989 ~-~-> 00:01:23,939
107		-it is you'd be doing in breaking it
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110		-00:01:23,939 ~-~-> 00:01:27,329
111		-down, breaking down price in a uniform
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114		-00:01:27,329 ~-~-> 00:01:30,449
115		-structured way. So first thing I'm going
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118		-00:01:30,449 ~-~-> 00:01:33,329
119		-to really counsel you on is your primary
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122		-00:01:33,329 ~-~-> 00:01:35,609
123		-objective is to know your timeframe that
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126		-00:01:35,609 ~-~-> 00:01:38,039
127		-you're trading, okay. And it gets back
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130		-00:01:38,039 ~-~-> 00:01:39,659
131		-to what type of trader you're going to
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135		-be, are you going to be a position
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138		-00:01:40,739 ~-~-> 00:01:42,539
139		-trader, you're gonna be a swing trader,
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142		-00:01:42,929 ~-~-> 00:01:44,219
143		-a short term trader Are you gonna be a
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146		-00:01:44,219 ~-~-> 00:01:47,549
147		-day trader or a scalper? I can't teach
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150		-00:01:47,549 ~-~-> 00:01:51,029
151		-you how to find the correct style trader
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154		-00:01:51,179 ~-~-> 00:01:53,459
155		-that's within you. That's all part of
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158		-00:01:53,459 ~-~-> 00:01:56,429
159		-your personal makeup. So this module
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162		-00:01:56,429 ~-~-> 00:01:58,019
163		-much in the same capacity as my other
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166		-00:01:58,019 ~-~-> 00:02:00,719
167		-modules have been They're going to speak
168		-
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170		-00:02:00,719 ~-~-> 00:02:03,209
171		-in general terms, okay? But it's going
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174		-00:02:03,209 ~-~-> 00:02:04,649
175		-to give you enough insight for you to be
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178		-00:02:04,679 ~-~-> 00:02:06,449
179		-able to determine what it is that you
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182		-00:02:06,449 ~-~-> 00:02:08,999
183		-need to be focusing on for you to find
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186		-00:02:08,999 ~-~-> 00:02:10,739
187		-the most optimal way of trading for you
188		-
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190		-00:02:10,739 ~-~-> 00:02:12,719
191		-yourself, okay? Because each of us are
192		-
193		-49
194		-00:02:12,719 ~-~-> 00:02:15,809
195		-going to be different. As you grow and
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198		-00:02:15,809 ~-~-> 00:02:18,359
199		-you mature as a trader, you may be multi
200		-
201		-51
202		-00:02:18,359 ~-~-> 00:02:21,509
203		-timeframe based in terms of trading
204		-
205		-52
206		-00:02:21,899 ~-~-> 00:02:24,269
207		-alerts, I consider myself a dynamic
208		-
209		-53
210		-00:02:24,269 ~-~-> 00:02:26,699
211		-trader simply because I can trade any
212		-
213		-54
214		-00:02:26,699 ~-~-> 00:02:31,349
215		-one of these timeframes. Now I excel in
216		-
217		-55
218		-00:02:31,349 ~-~-> 00:02:33,749
219		-the short term to swing trading area,
220		-
221		-56
222		-00:02:34,139 ~-~-> 00:02:37,589
223		-but I can day trade, I can scalp but I
224		-
225		-57
226		-00:02:37,589 ~-~-> 00:02:40,769
227		-prefer not to. It would be my advice to
228		-
229		-58
230		-00:02:40,769 ~-~-> 00:02:44,399
231		-you is if you can try to work within the
232		-
233		-59
234		-00:02:44,399 ~-~-> 00:02:45,929
235		-short term to day trading in the
236		-
237		-60
238		-00:02:45,929 ~-~-> 00:02:47,069
239		-beginning because it's going to give you
240		-
241		-61
242		-00:02:47,069 ~-~-> 00:02:49,649
243		-the most immediate feedback and it's
244		-
245		-62
246		-00:02:49,649 ~-~-> 00:02:50,939
247		-going to give you the confidence you
248		-
249		-63
250		-00:02:50,939 ~-~-> 00:02:55,859
251		-need to be sticking to a plan because
252		-
253		-64
254		-00:02:55,889 ~-~-> 00:02:58,019
255		-obviously, as a position trader, you
256		-
257		-65
258		-00:02:58,019 ~-~-> 00:02:59,249
259		-don't have a whole lot of opportunities
260		-
261		-66
262		-00:02:59,249 ~-~-> 00:03:02,609
263		-materializing Do that frequently. Swing
264		-
265		-67
266		-00:03:02,609 ~-~-> 00:03:04,769
267		-Trading again, same capacity, it's going
268		-
269		-68
270		-00:03:04,769 ~-~-> 00:03:06,599
271		-to be a little a little while between
272		-
273		-69
274		-00:03:06,869 ~-~-> 00:03:08,399
275		-each setup. So it's gonna be harder for
276		-
277		-70
278		-00:03:08,399 ~-~-> 00:03:10,529
279		-a new trader looking to find themselves
280		-
281		-71
282		-00:03:10,889 ~-~-> 00:03:13,079
283		-to wait between the signals and stick
284		-
285		-72
286		-00:03:13,079 ~-~-> 00:03:15,689
287		-within that specific framework for
288		-
289		-73
290		-00:03:15,689 ~-~-> 00:03:17,699
291		-trading. So short term trading, day
292		-
293		-74
294		-00:03:17,699 ~-~-> 00:03:19,889
295		-trading and scalping is this void that
296		-
297		-75
298		-00:03:19,889 ~-~-> 00:03:22,019
299		-for now, but we will talk about how you
300		-
301		-76
302		-00:03:22,019 ~-~-> 00:03:23,909
303		-can utilize these concepts for scalping.
304		-
305		-77
306		-00:03:23,909 ~-~-> 00:03:26,369
307		-But, again, short term and day trades.
308		-
309		-78
310		-00:03:26,789 ~-~-> 00:03:29,519
311		-If you're brand new to price action,
312		-
313		-79
314		-00:03:29,519 ~-~-> 00:03:31,169
315		-those are very rewarding because they
316		-
317		-80
318		-00:03:31,169 ~-~-> 00:03:33,479
319		-give you immediate feedback, new traders
320		-
321		-81
322		-00:03:33,479 ~-~-> 00:03:37,289
323		-sometimes need. So let's talk about what
324		-
325		-82
326		-00:03:37,289 ~-~-> 00:03:39,119
327		-the professional perspective is when
328		-
329		-83
330		-00:03:39,119 ~-~-> 00:03:41,369
331		-we're applying market structure. Well,
332		-
333		-84
334		-00:03:41,369 ~-~-> 00:03:43,799
335		-obviously, for position trades, this is
336		-
337		-85
338		-00:03:43,799 ~-~-> 00:03:45,779
339		-going to be anywhere between three to as
340		-
341		-86
342		-00:03:45,779 ~-~-> 00:03:48,149
343		-much as six to six months to a year in
344		-
345		-87
346		-00:03:48,149 ~-~-> 00:03:50,729
347		-terms of duration. Now, I don't have a
348		-
349		-88
350		-00:03:50,729 ~-~-> 00:03:53,129
351		-whole lot of types of trades like this,
352		-
353		-89
354		-00:03:53,159 ~-~-> 00:03:53,519
355		-but
356		-
357		-90
358		-00:03:54,540 ~-~-> 00:03:55,770
359		-every three to four months in the
360		-
361		-91
362		-00:03:55,770 ~-~-> 00:03:58,080
363		-marketplace, whether it be in stocks or
364		-
365		-92
366		-00:03:58,380 ~-~-> 00:04:01,740
367		-commodities or Forex. There is a
368		-
369		-93
370		-00:04:01,740 ~-~-> 00:04:04,680
371		-specific swing that manifest itself and
372		-
373		-94
374		-00:04:04,680 ~-~-> 00:04:06,360
375		-we talked about that in other videos and
376		-
377		-95
378		-00:04:06,360 ~-~-> 00:04:08,130
379		-other teaching. I'm not going to cover
380		-
381		-96
382		-00:04:08,130 ~-~-> 00:04:10,080
383		-that here but if you are that type of
384		-
385		-97
386		-00:04:10,080 ~-~-> 00:04:13,350
387		-trader, obviously the three timeframes
388		-
389		-98
390		-00:04:13,350 ~-~-> 00:04:15,720
391		-that you would utilize to break down
392		-
393		-99
394		-00:04:15,720 ~-~-> 00:04:17,550
395		-market structure for your particular
396		-
397		-100
398		-00:04:17,550 ~-~-> 00:04:21,060
399		-market would obviously be monthly, the
400		-
401		-101
402		-00:04:21,060 ~-~-> 00:04:23,550
403		-weekly and the daily Okay, monthly being
404		-
405		-102
406		-00:04:23,550 ~-~-> 00:04:25,830
407		-your highest timeframe, you weekly being
408		-
409		-103
410		-00:04:25,830 ~-~-> 00:04:29,430
411		-your midline or mid level timeframe and
412		-
413		-104
414		-00:04:29,430 ~-~-> 00:04:30,390
415		-then you have your daily that would be
416		-
417		-105
418		-00:04:30,390 ~-~-> 00:04:33,720
419		-your short term. Now, as a swing trader,
420		-
421		-106
422		-00:04:34,050 ~-~-> 00:04:36,270
423		-okay, your premise for breaking down
424		-
425		-107
426		-00:04:36,270 ~-~-> 00:04:37,920
427		-market structure will be comprised over
428		-
429		-108
430		-00:04:37,920 ~-~-> 00:04:41,340
431		-looking at the daily the four hour and
432		-
433		-109
434		-00:04:41,340 ~-~-> 00:04:45,240
435		-the one hour chart okay. Your setup will
436		-
437		-110
438		-00:04:45,240 ~-~-> 00:04:46,860
439		-be based upon what you see on the higher
440		-
441		-111
442		-00:04:46,860 ~-~-> 00:04:48,840
443		-time frame the daily much in the same
444		-
445		-112
446		-00:04:48,840 ~-~-> 00:04:51,870
447		-capacity for position trade. The monthly
448		-
449		-113
450		-00:04:51,930 ~-~-> 00:04:54,180
451		-will be your position trade premise,
452		-
453		-114
454		-00:04:54,240 ~-~-> 00:04:55,920
455		-whereas if we are considerably
456		-
457		-115
458		-00:04:55,920 ~-~-> 00:04:58,200
459		-overbought and there should be some kind
460		-
461		-116
462		-00:04:58,200 ~-~-> 00:04:59,790
463		-of a topping formation on a monthly
464		-
465		-117
466		-00:04:59,790 ~-~-> 00:05:02,310
467		-chart You would look to see market
468		-
469		-118
470		-00:05:02,310 ~-~-> 00:05:05,460
471		-structure break down on a weekly and
472		-
473		-119
474		-00:05:05,460 ~-~-> 00:05:07,560
475		-daily to facilitate a short position.
476		-
477		-120
478		-00:05:07,830 ~-~-> 00:05:11,790
479		-Well on a swing trade model, you utilize
480		-
481		-121
482		-00:05:11,790 ~-~-> 00:05:14,610
483		-that same measure of market structure by
484		-
485		-122
486		-00:05:14,610 ~-~-> 00:05:16,170
487		-utilizing the highest timeframe for
488		-
489		-123
490		-00:05:16,170 ~-~-> 00:05:19,140
491		-swing trades. And this approach would be
492		-
493		-124
494		-00:05:19,140 ~-~-> 00:05:21,330
495		-the daily chart and then breaking that
496		-
497		-125
498		-00:05:21,330 ~-~-> 00:05:24,870
499		-down into four hour chart, and then
500		-
501		-126
502		-00:05:24,870 ~-~-> 00:05:28,230
503		-lesser price action study in the one
504		-
505		-127
506		-00:05:28,230 ~-~-> 00:05:31,410
507		-hour chart. So you'll be timing on the
508		-
509		-128
510		-00:05:31,410 ~-~-> 00:05:34,530
511		-one hour you will be managing on the
512		-
513		-129
514		-00:05:34,530 ~-~-> 00:05:37,200
515		-four hour and the premise or the trade
516		-
517		-130
518		-00:05:37,200 ~-~-> 00:05:39,180
519		-idea will be built upon the highest
520		-
521		-131
522		-00:05:39,180 ~-~-> 00:05:40,560
523		-timeframe which would be the daily
524		-
525		-132
526		-00:05:40,560 ~-~-> 00:05:43,080
527		-chart, okay, and the swing traders model
528		-
529		-133
530		-00:05:43,080 ~-~-> 00:05:45,000
531		-here. If you're a short term trader,
532		-
533		-134
534		-00:05:45,000 ~-~-> 00:05:47,700
535		-obviously, the duration of time for
536		-
537		-135
538		-00:05:47,700 ~-~-> 00:05:49,050
539		-these types of trades could be anywhere
540		-
541		-136
542		-00:05:49,050 ~-~-> 00:05:51,750
543		-between one day to as much as a week or
544		-
545		-137
546		-00:05:51,750 ~-~-> 00:05:54,270
547		-so. Swing Trading is about a week or
548		-
549		-138
550		-00:05:54,270 ~-~-> 00:05:56,700
551		-more in terms of trade duration. I
552		-
553		-139
554		-00:05:56,700 ~-~-> 00:05:59,370
555		-forgot to mention that. But for short
556		-
557		-140
558		-00:05:59,370 ~-~-> 00:06:01,200
559		-term trades up Using the four hour chart
560		-
561		-141
562		-00:06:01,920 ~-~-> 00:06:03,690
563		-for your trade premise or your
564		-
565		-142
566		-00:06:03,690 ~-~-> 00:06:07,080
567		-directional bias, and then on the one
568		-
569		-143
570		-00:06:07,080 ~-~-> 00:06:08,940
571		-hour chart, that would be your trade
572		-
573		-144
574		-00:06:08,940 ~-~-> 00:06:13,020
575		-management or mid level timeframe. And
576		-
577		-145
578		-00:06:13,020 ~-~-> 00:06:14,430
579		-then your 15 minute chart would be
580		-
581		-146
582		-00:06:14,430 ~-~-> 00:06:17,070
583		-utilized for your timing for entry and
584		-
585		-147
586		-00:06:17,520 ~-~-> 00:06:19,290
587		-possibly looking for early reversal
588		-
589		-148
590		-00:06:19,290 ~-~-> 00:06:22,050
591		-signs that your trade may be petering
592		-
593		-149
594		-00:06:22,050 ~-~-> 00:06:24,990
595		-out and it's time to take profits. For
596		-
597		-150
598		-00:06:24,990 ~-~-> 00:06:27,480
599		-day trades, obviously, you can see it's
600		-
601		-151
602		-00:06:27,840 ~-~-> 00:06:29,610
603		-the one hour chart and be highest
604		-
605		-152
606		-00:06:29,610 ~-~-> 00:06:31,830
607		-timeframe, you would be managing your
608		-
609		-153
610		-00:06:31,830 ~-~-> 00:06:34,620
611		-trade on the 15 minute timeframe. And
612		-
613		-154
614		-00:06:34,680 ~-~-> 00:06:36,300
615		-your five minute chart will be utilized
616		-
617		-155
618		-00:06:36,300 ~-~-> 00:06:39,960
619		-to enter. Now, it's not to say that you
620		-
621		-156
622		-00:06:39,960 ~-~-> 00:06:42,300
623		-can't use a five minute chart on the
624		-
625		-157
626		-00:06:42,300 ~-~-> 00:06:44,910
627		-short term swing and position trades for
628		-
629		-158
630		-00:06:44,910 ~-~-> 00:06:47,400
631		-entry. Okay, I'm giving you the
632		-
633		-159
634		-00:06:47,400 ~-~-> 00:06:50,130
635		-framework for at least having three
636		-
637		-160
638		-00:06:50,760 ~-~-> 00:06:53,460
639		-timeframes across the spectrum of your
640		-
641		-161
642		-00:06:53,460 ~-~-> 00:06:56,070
643		-trading and how you break down market
644		-
645		-162
646		-00:06:56,070 ~-~-> 00:06:58,800
647		-structure over these three specific
648		-
649		-163
650		-00:06:58,800 ~-~-> 00:07:01,440
651		-timeframes for each Individual trading
652		-
653		-164
654		-00:07:01,440 ~-~-> 00:07:05,910
655		-model will give you again, the building
656		-
657		-165
658		-00:07:05,910 ~-~-> 00:07:08,610
659		-blocks to flesh out what you need to see
660		-
661		-166
662		-00:07:08,850 ~-~-> 00:07:12,750
663		-in terms of directional bias. Okay? So
664		-
665		-167
666		-00:07:12,750 ~-~-> 00:07:16,770
667		-let's take a look closer look at price,
668		-
669		-168
670		-00:07:17,190 ~-~-> 00:07:21,060
671		-action and market structure. Now the
672		-
673		-169
674		-00:07:21,060 ~-~-> 00:07:23,100
675		-keys to multiple timeframe market
676		-
677		-170
678		-00:07:23,100 ~-~-> 00:07:25,620
679		-structure, okay are rather simple.
680		-
681		-171
682		-00:07:26,610 ~-~-> 00:07:28,890
683		-Where's your focus? Your focus should be
684		-
685		-172
686		-00:07:28,890 ~-~-> 00:07:30,870
687		-on the highest of the three timeframes.
688		-
689		-173
690		-00:07:31,320 ~-~-> 00:07:34,470
691		-trades will be managed by the highest or
692		-
693		-174
694		-00:07:34,500 ~-~-> 00:07:37,500
695		-mid timeframes. Okay, in other words, if
696		-
697		-175
698		-00:07:37,500 ~-~-> 00:07:41,430
699		-you are a swing trader, you're going to
700		-
701		-176
702		-00:07:41,430 ~-~-> 00:07:44,070
703		-be utilizing that daily timeframe to
704		-
705		-177
706		-00:07:44,640 ~-~-> 00:07:48,900
707		-manage or the four hour chart to manage
708		-
709		-178
710		-00:07:48,900 ~-~-> 00:07:50,550
711		-your trade, okay, but the daily is going
712		-
713		-179
714		-00:07:50,550 ~-~-> 00:07:53,730
715		-to be utilized to facilitate the trade
716		-
717		-180
718		-00:07:53,730 ~-~-> 00:07:55,260
719		-premise. In other words, that's going to
720		-
721		-181
722		-00:07:55,260 ~-~-> 00:07:57,930
723		-give you your directional bias okay the
724		-
725		-182
726		-00:07:57,930 ~-~-> 00:07:59,700
727		-market structure that is one the daily
728		-
729		-183
730		-00:07:59,700 ~-~-> 00:08:03,210
731		-chart That's framing your swing trades.
732		-
733		-184
734		-00:08:03,390 ~-~-> 00:08:06,090
735		-Okay, once you get into a trade, you'd
736		-
737		-185
738		-00:08:06,090 ~-~-> 00:08:08,340
739		-be managing that trade on a four hour
740		-
741		-186
742		-00:08:08,340 ~-~-> 00:08:08,880
743		-time frame,
744		-
745		-187
746		-00:08:09,450 ~-~-> 00:08:11,160
747		-and you would just use respective
748		-
749		-188
750		-00:08:11,160 ~-~-> 00:08:12,450
751		-timeframes we just talked about in the
752		-
753		-189
754		-00:08:12,450 ~-~-> 00:08:16,440
755		-previous slide and then your one hour
756		-
757		-190
758		-00:08:16,440 ~-~-> 00:08:18,480
759		-chart would be used for timing purposes,
760		-
761		-191
762		-00:08:18,630 ~-~-> 00:08:20,400
763		-okay. So, the shortest time frame in
764		-
765		-192
766		-00:08:20,400 ~-~-> 00:08:22,770
767		-that regard for swing trading would be
768		-
769		-193
770		-00:08:23,160 ~-~-> 00:08:26,310
771		-the 60 minute chart. So, your entry
772		-
773		-194
774		-00:08:26,310 ~-~-> 00:08:29,010
775		-signals would be derived from having
776		-
777		-195
778		-00:08:29,220 ~-~-> 00:08:31,470
779		-studied the market structure on the
780		-
781		-196
782		-00:08:31,470 ~-~-> 00:08:35,700
783		-daily and the four hour then your one
784		-
785		-197
786		-00:08:35,700 ~-~-> 00:08:38,580
787		-hour chart was facilitate the specific
788		-
789		-198
790		-00:08:38,580 ~-~-> 00:08:40,620
791		-entry point. Okay, so you know, what you
792		-
793		-199
794		-00:08:40,620 ~-~-> 00:08:42,600
795		-would do your entry concepts and
796		-
797		-200
798		-00:08:42,600 ~-~-> 00:08:45,480
799		-techniques on the one hour chart for
800		-
801		-201
802		-00:08:45,480 ~-~-> 00:08:48,420
803		-swing trades. The highest probability
804		-
805		-202
806		-00:08:48,420 ~-~-> 00:08:51,000
807		-trades are made in the higher timeframe
808		-
809		-203
810		-00:08:51,000 ~-~-> 00:08:53,610
811		-direction, okay. Now, there are going to
812		-
813		-204
814		-00:08:53,610 ~-~-> 00:08:56,220
815		-be instances where the higher time frame
816		-
817		-205
818		-00:08:56,580 ~-~-> 00:08:59,610
819		-premise may be bullish, but your
820		-
821		-206
822		-00:08:59,610 ~-~-> 00:09:02,040
823		-approach A key resistance level. So that
824		-
825		-207
826		-00:09:02,040 ~-~-> 00:09:06,270
827		-may be trumped. So that's where we're
828		-
829		-208
830		-00:09:06,270 ~-~-> 00:09:08,340
831		-going to go back to the core essentials
832		-
833		-209
834		-00:09:08,340 ~-~-> 00:09:11,160
835		-to technical analysis that being support
836		-
837		-210
838		-00:09:11,160 ~-~-> 00:09:13,590
839		-resistance trumps everything. Okay?
840		-
841		-211
842		-00:09:14,100 ~-~-> 00:09:16,710
843		-Without the understanding of key support
844		-
845		-212
846		-00:09:16,710 ~-~-> 00:09:19,350
847		-resistance levels, you're not going to
848		-
849		-213
850		-00:09:19,350 ~-~-> 00:09:21,600
851		-get to a directional bias, regardless of
852		-
853		-214
854		-00:09:21,600 ~-~-> 00:09:23,340
855		-what trading model you're using
856		-
857		-215
858		-00:09:23,370 ~-~-> 00:09:25,230
859		-position, day trading, whatever it is,
860		-
861		-216
862		-00:09:25,560 ~-~-> 00:09:28,020
863		-if it's not framed on the premise of key
864		-
865		-217
866		-00:09:28,020 ~-~-> 00:09:30,510
867		-support resistance levels, it's probably
868		-
869		-218
870		-00:09:30,540 ~-~-> 00:09:32,520
871		-going to be a struggling point for you
872		-
873		-219
874		-00:09:32,520 ~-~-> 00:09:35,130
875		-as well. Okay, so you have to go back to
876		-
877		-220
878		-00:09:35,130 ~-~-> 00:09:38,400
879		-the core essentials to my concepts and
880		-
881		-221
882		-00:09:38,460 ~-~-> 00:09:40,590
883		-just sound trading all together. Key
884		-
885		-222
886		-00:09:40,590 ~-~-> 00:09:42,660
887		-support resistance levels are where it's
888		-
889		-223
890		-00:09:42,660 ~-~-> 00:09:45,300
891		-all at, okay, without those, all of
892		-
893		-224
894		-00:09:45,300 ~-~-> 00:09:47,940
895		-these lines and all these procedures
896		-
897		-225
898		-00:09:47,940 ~-~-> 00:09:49,080
899		-that we're going to be covering here,
900		-
901		-226
902		-00:09:49,290 ~-~-> 00:09:51,180
903		-and we've covered in previous videos and
904		-
905		-227
906		-00:09:51,180 ~-~-> 00:09:53,130
907		-such is going to do no good to you,
908		-
909		-228
910		-00:09:53,220 ~-~-> 00:09:54,780
911		-okay. So you have to understand what is
912		-
913		-229
914		-00:09:54,780 ~-~-> 00:09:56,790
915		-a key support resistance level. So if
916		-
917		-230
918		-00:09:56,790 ~-~-> 00:09:59,070
919		-you are looking at the highest timeframe
920		-
921		-231
922		-00:09:59,070 ~-~-> 00:10:01,950
923		-for your particular month, That will
924		-
925		-232
926		-00:10:02,100 ~-~-> 00:10:05,220
927		-hopefully draw your attention to
928		-
929		-233
930		-00:10:05,490 ~-~-> 00:10:08,190
931		-whatever key support resistance level at
932		-
933		-234
934		-00:10:08,190 ~-~-> 00:10:11,460
935		-that point in price action. Obviously,
936		-
937		-235
938		-00:10:11,460 ~-~-> 00:10:12,720
939		-you can always go out to a daily and
940		-
941		-236
942		-00:10:12,720 ~-~-> 00:10:17,790
943		-weekly just as a catch all as far as
944		-
945		-237
946		-00:10:17,820 ~-~-> 00:10:19,290
947		-whatever timeframe you're trading if you
948		-
949		-238
950		-00:10:19,290 ~-~-> 00:10:21,150
951		-just look at a daily weekly in terms of
952		-
953		-239
954		-00:10:21,150 ~-~-> 00:10:23,190
955		-support resistance, those will be
956		-
957		-240
958		-00:10:23,220 ~-~-> 00:10:26,670
959		-helpful to you. Now, the market profiles
960		-
961		-241
962		-00:10:26,880 ~-~-> 00:10:28,800
963		-will also assist you in market structure
964		-
965		-242
966		-00:10:28,800 ~-~-> 00:10:30,420
967		-analysis concepts that means are we in a
968		-
969		-243
970		-00:10:30,420 ~-~-> 00:10:32,400
971		-trending market? Are we in a reversal
972		-
973		-244
974		-00:10:32,970 ~-~-> 00:10:35,940
975		-pattern or formation or that type of
976		-
977		-245
978		-00:10:35,970 ~-~-> 00:10:37,920
979		-profile in the marketplace? And are we
980		-
981		-246
982		-00:10:37,920 ~-~-> 00:10:40,230
983		-in a consolidation, preparing for a
984		-
985		-247
986		-00:10:40,230 ~-~-> 00:10:42,600
987		-breakout scenario? Okay, so, market
988		-
989		-248
990		-00:10:42,600 ~-~-> 00:10:47,370
991		-profiling is essential to helping you
992		-
993		-249
994		-00:10:47,430 ~-~-> 00:10:51,270
995		-and assisting you and measuring what the
996		-
997		-250
998		-00:10:51,270 ~-~-> 00:10:53,070
999		-current market structure is okay, now,
1000		-
1001		-251
1002		-00:10:53,070 ~-~-> 00:11:00,870
1003		-are we bullish or bearish? All right.
1004		-
1005		-252
1006		-00:11:01,590 ~-~-> 00:11:03,060
1007		-Well, we're looking at market structure,
1008		-
1009		-253
1010		-00:11:03,060 ~-~-> 00:11:04,860
1011		-we're referring to market structure.
1012		-
1013		-254
1014		-00:11:06,330 ~-~-> 00:11:08,280
1015		-What are we speaking about? What's the
1016		-
1017		-255
1018		-00:11:08,310 ~-~-> 00:11:10,290
1019		-what is the network trying to get at?
1020		-
1021		-256
1022		-00:11:10,650 ~-~-> 00:11:14,640
1023		-Okay? Well, if you look at a price,
1024		-
1025		-257
1026		-00:11:15,600 ~-~-> 00:11:19,860
1027		-rally up, and then price hitting a major
1028		-
1029		-258
1030		-00:11:19,860 ~-~-> 00:11:22,530
1031		-resistance level, we're going to assume
1032		-
1033		-259
1034		-00:11:22,560 ~-~-> 00:11:24,540
1035		-for a moment that this is your higher
1036		-
1037		-260
1038		-00:11:24,540 ~-~-> 00:11:26,670
1039		-timeframe. Okay? And I'm going to keep
1040		-
1041		-261
1042		-00:11:26,670 ~-~-> 00:11:27,870
1043		-it generic because that way you can
1044		-
1045		-262
1046		-00:11:27,870 ~-~-> 00:11:29,190
1047		-apply it to whatever your higher
1048		-
1049		-263
1050		-00:11:29,190 ~-~-> 00:11:31,740
1051		-timeframe is based on the model traded
1052		-
1053		-264
1054		-00:11:31,740 ~-~-> 00:11:36,870
1055		-you are aiming to be as price rallies up
1056		-
1057		-265
1058		-00:11:37,380 ~-~-> 00:11:40,980
1059		-into what we perceive as a higher level,
1060		-
1061		-266
1062		-00:11:41,190 ~-~-> 00:11:44,850
1063		-key resistance level. Price never moves
1064		-
1065		-267
1066		-00:11:44,850 ~-~-> 00:11:46,650
1067		-in a straight line. Okay, so there's
1068		-
1069		-268
1070		-00:11:46,650 ~-~-> 00:11:48,810
1071		-going to be a consolidation, a price
1072		-
1073		-269
1074		-00:11:48,810 ~-~-> 00:11:51,090
1075		-move up another consolidation, a price
1076		-
1077		-270
1078		-00:11:51,090 ~-~-> 00:11:53,910
1079		-move up and then as price makes it into
1080		-
1081		-271
1082		-00:11:53,910 ~-~-> 00:11:56,370
1083		-this resistance level, then we'd be
1084		-
1085		-272
1086		-00:11:56,370 ~-~-> 00:11:59,220
1087		-anticipating a reversal. So when markets
1088		-
1089		-273
1090		-00:11:59,580 ~-~-> 00:12:02,850
1091		-start to Break down, taking out the
1092		-
1093		-274
1094		-00:12:02,850 ~-~-> 00:12:06,720
1095		-short term swing lows in here, this
1096		-
1097		-275
1098		-00:12:06,720 ~-~-> 00:12:08,970
1099		-short term swing low on the highest
1100		-
1101		-276
1102		-00:12:08,970 ~-~-> 00:12:10,830
1103		-timeframe for your particular trading
1104		-
1105		-277
1106		-00:12:10,830 ~-~-> 00:12:13,710
1107		-model. Once that breaks, this would be
1108		-
1109		-278
1110		-00:12:13,710 ~-~-> 00:12:15,510
1111		-the catalyst for you to say okay, this
1112		-
1113		-279
1114		-00:12:15,510 ~-~-> 00:12:17,880
1115		-is probably going to be an optimal trade
1116		-
1117		-280
1118		-00:12:17,880 ~-~-> 00:12:20,430
1119		-entry based on the higher time frame
1120		-
1121		-281
1122		-00:12:21,570 ~-~-> 00:12:25,170
1123		-chart of your profile. Okay, so for an
1124		-
1125		-282
1126		-00:12:25,170 ~-~-> 00:12:27,120
1127		-example, let's just say that this is a
1128		-
1129		-283
1130		-00:12:29,340 ~-~-> 00:12:31,380
1131		-monthly chart, and you're looking for a
1132		-
1133		-284
1134		-00:12:31,380 ~-~-> 00:12:33,420
1135		-position trade, okay, at the monthly
1136		-
1137		-285
1138		-00:12:33,420 ~-~-> 00:12:35,070
1139		-hits a key resistance level like this,
1140		-
1141		-286
1142		-00:12:35,430 ~-~-> 00:12:36,990
1143		-and it comes down and takes out a short
1144		-
1145		-287
1146		-00:12:36,990 ~-~-> 00:12:39,390
1147		-term low and a monthly we know now that
1148		-
1149		-288
1150		-00:12:39,390 ~-~-> 00:12:41,880
1151		-market structure has broken Okay, so we
1152		-
1153		-289
1154		-00:12:41,880 ~-~-> 00:12:44,040
1155		-have a market structure shift
1156		-
1157		-290
1158		-00:12:44,190 ~-~-> 00:12:47,610
1159		-right here. Okay. Now, we don't know
1160		-
1161		-291
1162		-00:12:47,610 ~-~-> 00:12:49,080
1163		-what price is doing over here. This is
1164		-
1165		-292
1166		-00:12:49,080 ~-~-> 00:12:50,880
1167		-all in the future. We're anticipating
1168		-
1169		-293
1170		-00:12:50,880 ~-~-> 00:12:52,650
1171		-these types of events in terms of price
1172		-
1173		-294
1174		-00:12:52,650 ~-~-> 00:12:54,510
1175		-action, but until we actually get there
1176		-
1177		-295
1178		-00:12:54,510 ~-~-> 00:12:56,550
1179		-starts trading. We can't deal with that
1180		-
1181		-296
1182		-00:12:56,550 ~-~-> 00:12:59,910
1183		-yet. So it's all in anticipation in our
1184		-
1185		-297
1186		-00:12:59,910 ~-~-> 00:13:03,180
1187		-in disappeared, anticipatory model. As
1188		-
1189		-298
1190		-00:13:03,180 ~-~-> 00:13:05,580
1191		-far as our framework and thinking about
1192		-
1193		-299
1194		-00:13:05,580 ~-~-> 00:13:07,620
1195		-price action, this is what we would
1196		-
1197		-300
1198		-00:13:07,740 ~-~-> 00:13:10,560
1199		-expect to see once this structure has
1200		-
1201		-301
1202		-00:13:10,560 ~-~-> 00:13:13,410
1203		-been broken. Okay. But as price starts
1204		-
1205		-302
1206		-00:13:13,410 ~-~-> 00:13:16,380
1207		-to rally up, we don't anticipate seeing
1208		-
1209		-303
1210		-00:13:17,700 ~-~-> 00:13:19,770
1211		-a break through this resistance level.
1212		-
1213		-304
1214		-00:13:19,980 ~-~-> 00:13:22,680
1215		-Okay, if we arrived this as a possible
1216		-
1217		-305
1218		-00:13:22,680 ~-~-> 00:13:24,630
1219		-resistance level, we would expect the
1220		-
1221		-306
1222		-00:13:24,630 ~-~-> 00:13:26,100
1223		-retracement for an optimal trade entry,
1224		-
1225		-307
1226		-00:13:26,100 ~-~-> 00:13:27,900
1227		-but then we would zoom in in this area
1228		-
1229		-308
1230		-00:13:27,900 ~-~-> 00:13:31,440
1231		-right here. Okay, on a weekly timeframe
1232		-
1233		-309
1234		-00:13:31,710 ~-~-> 00:13:34,470
1235		-to hone in on more key shorter term
1236		-
1237		-310
1238		-00:13:34,470 ~-~-> 00:13:37,920
1239		-timeframe price levels. And then by
1240		-
1241		-311
1242		-00:13:37,920 ~-~-> 00:13:42,390
1243		-zooming in, okay, we would possibly see
1244		-
1245		-312
1246		-00:13:42,480 ~-~-> 00:13:44,910
1247		-a shorter term optimal trade entry or
1248		-
1249		-313
1250		-00:13:45,300 ~-~-> 00:13:49,140
1251		-respective sell pattern to, you know,
1252		-
1253		-314
1254		-00:13:49,560 ~-~-> 00:13:51,210
1255		-convince us even further that this is
1256		-
1257		-315
1258		-00:13:51,210 ~-~-> 00:13:53,640
1259		-probably going to be a selling scenario.
1260		-
1261		-316
1262		-00:13:54,120 ~-~-> 00:13:55,680
1263		-If we move down into a daily and see
1264		-
1265		-317
1266		-00:13:55,680 ~-~-> 00:13:58,290
1267		-something even similar to that, okay,
1268		-
1269		-318
1270		-00:13:58,290 ~-~-> 00:13:59,970
1271		-you would have all these nesting times
1272		-
1273		-319
1274		-00:14:00,000 ~-~-> 00:14:03,180
1275		-allowances of implied resistance levels,
1276		-
1277		-320
1278		-00:14:03,330 ~-~-> 00:14:05,670
1279		-once a higher timeframe, market
1280		-
1281		-321
1282		-00:14:05,670 ~-~-> 00:14:07,170
1283		-structure is broken down, then we would
1284		-
1285		-322
1286		-00:14:07,170 ~-~-> 00:14:09,900
1287		-be able to position ourselves in sync
1288		-
1289		-323
1290		-00:14:10,320 ~-~-> 00:14:12,930
1291		-with a top down approach with market
1292		-
1293		-324
1294		-00:14:12,930 ~-~-> 00:14:15,510
1295		-structure. Okay. And then as price
1296		-
1297		-325
1298		-00:14:15,510 ~-~-> 00:14:18,240
1299		-starts to trade down, this is the gray
1300		-
1301		-326
1302		-00:14:18,240 ~-~-> 00:14:19,800
1303		-area, all these areas where there's
1304		-
1305		-327
1306		-00:14:19,800 ~-~-> 00:14:22,950
1307		-missing gaps. Okay, that's intentional.
1308		-
1309		-328
1310		-00:14:23,310 ~-~-> 00:14:26,130
1311		-Okay. We don't know what's going to take
1312		-
1313		-329
1314		-00:14:26,130 ~-~-> 00:14:28,380
1315		-place between the time where we see an
1316		-
1317		-330
1318		-00:14:28,380 ~-~-> 00:14:30,630
1319		-entry point, and where we expect to see
1320		-
1321		-331
1322		-00:14:30,630 ~-~-> 00:14:32,310
1323		-price get to in terms of our targets,
1324		-
1325		-332
1326		-00:14:32,310 ~-~-> 00:14:33,690
1327		-and we'll talk more about that later on.
1328		-
1329		-333
1330		-00:14:34,380 ~-~-> 00:14:36,240
1331		-But this is the gray area where you have
1332		-
1333		-334
1334		-00:14:36,240 ~-~-> 00:14:37,920
1335		-to be comfortable with okay, because you
1336		-
1337		-335
1338		-00:14:37,920 ~-~-> 00:14:39,900
1339		-don't know what's going to happen from
1340		-
1341		-336
1342		-00:14:39,960 ~-~-> 00:14:42,510
1343		-your entry point. And your expected exit
1344		-
1345		-337
1346		-00:14:42,510 ~-~-> 00:14:44,130
1347		-point. Okay. You don't know if it's
1348		-
1349		-338
1350		-00:14:44,130 ~-~-> 00:14:45,630
1351		-going to go down there. Okay. You don't
1352		-
1353		-339
1354		-00:14:45,630 ~-~-> 00:14:46,740
1355		-know if it's gonna reverse and take you
1356		-
1357		-340
1358		-00:14:46,740 ~-~-> 00:14:49,140
1359		-out of the trade. Okay. But the overall
1360		-
1361		-341
1362		-00:14:49,140 ~-~-> 00:14:51,900
1363		-framework, okay, or price structure.
1364		-
1365		-342
1366		-00:14:52,500 ~-~-> 00:14:54,630
1367		-Okay, this is how market structure is
1368		-
1369		-343
1370		-00:14:54,630 ~-~-> 00:14:58,290
1371		-built. Okay, this is a price rally and a
1372		-
1373		-344
1374		-00:14:58,290 ~-~-> 00:15:03,600
1375		-decline okay. We have consolidation if
1376		-
1377		-345
1378		-00:15:03,600 ~-~-> 00:15:05,220
1379		-we expect to see some kind of a rally in
1380		-
1381		-346
1382		-00:15:05,220 ~-~-> 00:15:06,840
1383		-here something's bullish that we would
1384		-
1385		-347
1386		-00:15:06,840 ~-~-> 00:15:09,270
1387		-expect support at as price starts to
1388		-
1389		-348
1390		-00:15:09,270 ~-~-> 00:15:12,330
1391		-rally up, okay? We could be utilizing
1392		-
1393		-349
1394		-00:15:12,330 ~-~-> 00:15:15,210
1395		-our mid level or shorter term level
1396		-
1397		-350
1398		-00:15:15,990 ~-~-> 00:15:20,490
1399		-timeframes tick to see. bullishness
1400		-
1401		-351
1402		-00:15:20,520 ~-~-> 00:15:22,770
1403		-Okay, we want to see support being held
1404		-
1405		-352
1406		-00:15:22,770 ~-~-> 00:15:25,800
1407		-resistance being broken, okay? And every
1408		-
1409		-353
1410		-00:15:25,800 ~-~-> 00:15:27,480
1411		-time price starts to pull back and
1412		-
1413		-354
1414		-00:15:27,480 ~-~-> 00:15:29,730
1415		-retrace in here, the market structure
1416		-
1417		-355
1418		-00:15:29,760 ~-~-> 00:15:31,560
1419		-concept that you would be utilizing it
1420		-
1421		-356
1422		-00:15:31,560 ~-~-> 00:15:33,810
1423		-would be to simply look for optimal
1424		-
1425		-357
1426		-00:15:33,810 ~-~-> 00:15:37,050
1427		-trade entries. Okay for buys, you would
1428		-
1429		-358
1430		-00:15:37,050 ~-~-> 00:15:39,180
1431		-be looking for reflections to buy you'd
1432		-
1433		-359
1434		-00:15:39,180 ~-~-> 00:15:41,610
1435		-be looking for type two trend following
1436		-
1437		-360
1438		-00:15:41,940 ~-~-> 00:15:43,440
1439		-bullish scenario. So in other words in
1440		-
1441		-361
1442		-00:15:43,440 ~-~-> 00:15:46,440
1443		-all this area here, you'd be looking for
1444		-
1445		-362
1446		-00:15:48,510 ~-~-> 00:15:50,430
1447		-price finding support and resistance
1448		-
1449		-363
1450		-00:15:50,430 ~-~-> 00:15:52,230
1451		-being broken. Okay. It's that it's that
1452		-
1453		-364
1454		-00:15:52,230 ~-~-> 00:15:54,120
1455		-simple. That's the whole framework
1456		-
1457		-365
1458		-00:15:54,540 ~-~-> 00:15:57,240
1459		-behind market structure. And its price
1460		-
1461		-366
1462		-00:15:57,240 ~-~-> 00:15:58,920
1463		-rallies up into another shorter term or
1464		-
1465		-367
1466		-00:15:58,920 ~-~-> 00:16:00,630
1467		-me It's from resistance Level one here.
1468		-
1469		-368
1470		-00:16:02,250 ~-~-> 00:16:04,770
1471		-price will hopefully find some support.
1472		-
1473		-369
1474		-00:16:04,980 ~-~-> 00:16:06,840
1475		-Okay, but if it does start to break
1476		-
1477		-370
1478		-00:16:06,840 ~-~-> 00:16:10,230
1479		-down, be comfortable with price coming
1480		-
1481		-371
1482		-00:16:10,230 ~-~-> 00:16:12,930
1483		-back and blowing out previous lows in
1484		-
1485		-372
1486		-00:16:12,930 ~-~-> 00:16:15,180
1487		-here, okay, there may be an important
1488		-
1489		-373
1490		-00:16:15,180 ~-~-> 00:16:18,420
1491		-load it's taking place and trailing stop
1492		-
1493		-374
1494		-00:16:18,420 ~-~-> 00:16:19,920
1495		-loss orders would be trailed up below
1496		-
1497		-375
1498		-00:16:19,920 ~-~-> 00:16:22,770
1499		-that particular point. Okay, so as price
1500		-
1501		-376
1502		-00:16:22,770 ~-~-> 00:16:24,510
1503		-dips back down all that's going to do is
1504		-
1505		-377
1506		-00:16:24,510 ~-~-> 00:16:26,340
1507		-give you another opportunity to get
1508		-
1509		-378
1510		-00:16:26,340 ~-~-> 00:16:29,190
1511		-long. Okay, now again let's think for a
1512		-
1513		-379
1514		-00:16:29,190 ~-~-> 00:16:30,840
1515		-moment this is the higher time frame
1516		-
1517		-380
1518		-00:16:30,840 ~-~-> 00:16:32,700
1519		-premise, okay, this is the highest
1520		-
1521		-381
1522		-00:16:32,700 ~-~-> 00:16:35,880
1523		-timeframe chart when we start seeing
1524		-
1525		-382
1526		-00:16:35,880 ~-~-> 00:16:37,590
1527		-this consolidation in here and we see
1528		-
1529		-383
1530		-00:16:37,590 ~-~-> 00:16:39,090
1531		-the higher level resistance level
1532		-
1533		-384
1534		-00:16:39,090 ~-~-> 00:16:41,370
1535		-because these are all noon in advance
1536		-
1537		-385
1538		-00:16:41,370 ~-~-> 00:16:42,810
1539		-this is why we have support resistance
1540		-
1541		-386
1542		-00:16:42,810 ~-~-> 00:16:45,630
1543		-studies done. This is all part of our
1544		-
1545		-387
1546		-00:16:45,630 ~-~-> 00:16:47,790
1547		-top down analysis seeing where price may
1548		-
1549		-388
1550		-00:16:47,790 ~-~-> 00:16:50,370
1551		-be reaching for. So if we start seeing
1552		-
1553		-389
1554		-00:16:50,370 ~-~-> 00:16:51,780
1555		-price rally up in here and then
1556		-
1557		-390
1558		-00:16:51,780 ~-~-> 00:16:54,540
1559		-consolidate again. And this is another
1560		-
1561		-391
1562		-00:16:54,540 ~-~-> 00:16:56,730
1563		-higher level key resistance level. If
1564		-
1565		-392
1566		-00:16:56,730 ~-~-> 00:16:59,190
1567		-price continues to maintain support and
1568		-
1569		-393
1570		-00:16:59,190 ~-~-> 00:17:01,800
1571		-breaks above All these short term highs
1572		-
1573		-394
1574		-00:17:01,800 ~-~-> 00:17:05,490
1575		-in here, the market structure implies
1576		-
1577		-395
1578		-00:17:05,490 ~-~-> 00:17:07,740
1579		-that we could possibly see a leg from
1580		-
1581		-396
1582		-00:17:07,770 ~-~-> 00:17:09,720
1583		-this low or whatever low would form back
1584		-
1585		-397
1586		-00:17:09,720 ~-~-> 00:17:12,900
1587		-here to this high duplicated on a
1588		-
1589		-398
1590		-00:17:12,900 ~-~-> 00:17:15,330
1591		-retracement here from this low to this
1592		-
1593		-399
1594		-00:17:15,330 ~-~-> 00:17:22,050
1595		-high. The same thing can be said with
1596		-
1597		-400
1598		-00:17:22,170 ~-~-> 00:17:25,500
1599		-market declines and reversals going
1600		-
1601		-401
1602		-00:17:25,500 ~-~-> 00:17:25,890
1603		-along.
1604		-
1605		-402
1606		-00:17:27,420 ~-~-> 00:17:29,370
1607		-Every time we see a consolidation,
1608		-
1609		-403
1610		-00:17:29,730 ~-~-> 00:17:31,890
1611		-consolidations, you want to study these
1612		-
1613		-404
1614		-00:17:32,220 ~-~-> 00:17:35,460
1615		-for shorter term, more dynamic support
1616		-
1617		-405
1618		-00:17:35,460 ~-~-> 00:17:38,670
1619		-resistance levels. These areas are more
1620		-
1621		-406
1622		-00:17:39,060 ~-~-> 00:17:40,890
1623		-easily tradable because they have
1624		-
1625		-407
1626		-00:17:40,890 ~-~-> 00:17:43,440
1627		-discernible price levels. They're very
1628		-
1629		-408
1630		-00:17:43,440 ~-~-> 00:17:46,560
1631		-clear. We don't know how it's going to
1632		-
1633		-409
1634		-00:17:46,560 ~-~-> 00:17:49,650
1635		-take price. From these consolidations to
1636		-
1637		-410
1638		-00:17:49,650 ~-~-> 00:17:51,150
1639		-the next consolidation. We don't know
1640		-
1641		-411
1642		-00:17:51,150 ~-~-> 00:17:54,390
1643		-that we anticipate that gray area that's
1644		-
1645		-412
1646		-00:17:54,390 ~-~-> 00:17:56,400
1647		-missing these little pieces of market
1648		-
1649		-413
1650		-00:17:56,400 ~-~-> 00:17:58,650
1651		-structure that's missing. I left that
1652		-
1653		-414
1654		-00:17:58,650 ~-~-> 00:18:00,330
1655		-out because I want you to think Like
1656		-
1657		-415
1658		-00:18:00,330 ~-~-> 00:18:03,600
1659		-this, okay, it's, it's a little
1660		-
1661		-416
1662		-00:18:03,600 ~-~-> 00:18:06,240
1663		-confusing Now, I understand. But if you
1664		-
1665		-417
1666		-00:18:06,240 ~-~-> 00:18:10,740
1667		-apply this same general I don't want to
1668		-
1669		-418
1670		-00:18:10,740 ~-~-> 00:18:14,790
1671		-say, profile but this diagram, okay, in
1672		-
1673		-419
1674		-00:18:14,790 ~-~-> 00:18:17,490
1675		-other words in terms of how I have price
1676		-
1677		-420
1678		-00:18:17,490 ~-~-> 00:18:20,640
1679		-lows, illustrated here. If you look at
1680		-
1681		-421
1682		-00:18:20,640 ~-~-> 00:18:24,150
1683		-how price declines actually materialize,
1684		-
1685		-422
1686		-00:18:24,600 ~-~-> 00:18:27,210
1687		-you'll start to see these lows form like
1688		-
1689		-423
1690		-00:18:27,210 ~-~-> 00:18:29,310
1691		-this and inside of these consolidations
1692		-
1693		-424
1694		-00:18:29,310 ~-~-> 00:18:32,190
1695		-and in every swing load it forms,
1696		-
1697		-425
1698		-00:18:32,760 ~-~-> 00:18:35,940
1699		-there's going to be discernible auto
1700		-
1701		-426
1702		-00:18:35,940 ~-~-> 00:18:38,340
1703		-trade entries or reflection patterns, or
1704		-
1705		-427
1706		-00:18:38,340 ~-~-> 00:18:41,970
1707		-generally fractal patterns. Okay? So you
1708		-
1709		-428
1710		-00:18:41,970 ~-~-> 00:18:45,270
1711		-would apply these concepts, okay, with
1712		-
1713		-429
1714		-00:18:45,270 ~-~-> 00:18:48,300
1715		-all the other concepts we've previously
1716		-
1717		-430
1718		-00:18:48,300 ~-~-> 00:18:52,230
1719		-discussed. But looking at obviously a
1720		-
1721		-431
1722		-00:18:52,230 ~-~-> 00:18:54,450
1723		-higher level key support level down here
1724		-
1725		-432
1726		-00:18:54,810 ~-~-> 00:18:58,680
1727		-as a catalyst, okay. So as price moves
1728		-
1729		-433
1730		-00:18:58,680 ~-~-> 00:19:00,660
1731		-from a consolidation down into a new
1732		-
1733		-434
1734		-00:19:00,660 ~-~-> 00:19:03,000
1735		-consolidation, much in the same capacity
1736		-
1737		-435
1738		-00:19:03,000 ~-~-> 00:19:05,460
1739		-we just saw with the bullish move,
1740		-
1741		-436
1742		-00:19:05,610 ~-~-> 00:19:06,990
1743		-reaching up into a higher level
1744		-
1745		-437
1746		-00:19:06,990 ~-~-> 00:19:09,870
1747		-resistance level, we could be seeing a
1748		-
1749		-438
1750		-00:19:09,870 ~-~-> 00:19:12,030
1751		-consolidation in here with this higher
1752		-
1753		-439
1754		-00:19:12,030 ~-~-> 00:19:14,610
1755		-level of support level down here. This
1756		-
1757		-440
1758		-00:19:14,610 ~-~-> 00:19:16,320
1759		-would be where price may be reaching
1760		-
1761		-441
1762		-00:19:16,320 ~-~-> 00:19:18,690
1763		-for. So if it's consolidating here, we
1764		-
1765		-442
1766		-00:19:18,690 ~-~-> 00:19:21,210
1767		-could look for a move from whatever high
1768		-
1769		-443
1770		-00:19:21,210 ~-~-> 00:19:24,870
1771		-forms here to this low, okay? duplicated
1772		-
1773		-444
1774		-00:19:24,870 ~-~-> 00:19:26,580
1775		-from this high or whatever high forms in
1776		-
1777		-445
1778		-00:19:26,580 ~-~-> 00:19:29,730
1779		-this area down to this low. Okay, so,
1780		-
1781		-446
1782		-00:19:30,030 ~-~-> 00:19:33,330
1783		-while this diagram is fragmented, okay,
1784		-
1785		-447
1786		-00:19:34,200 ~-~-> 00:19:36,210
1787		-think of in terms of the market maker
1788		-
1789		-448
1790		-00:19:36,210 ~-~-> 00:19:38,400
1791		-profiles that I just recently shared
1792		-
1793		-449
1794		-00:19:38,400 ~-~-> 00:19:41,040
1795		-with you guys this year. You see that
1796		-
1797		-450
1798		-00:19:41,040 ~-~-> 00:19:44,040
1799		-same premise here as well. I don't need
1800		-
1801		-451
1802		-00:19:44,040 ~-~-> 00:19:45,090
1803		-to draw the lines in here. You can
1804		-
1805		-452
1806		-00:19:45,090 ~-~-> 00:19:47,430
1807		-actually probably remember by the way
1808		-
1809		-453
1810		-00:19:47,430 ~-~-> 00:19:49,770
1811		-the profile was given to you. You can
1812		-
1813		-454
1814		-00:19:49,770 ~-~-> 00:19:52,440
1815		-actually see it in here. Okay. So as
1816		-
1817		-455
1818		-00:19:52,440 ~-~-> 00:19:55,290
1819		-prices engineer to go lower down into a
1820		-
1821		-456
1822		-00:19:55,290 ~-~-> 00:19:57,510
1823		-support level, ultimately to trade
1824		-
1825		-457
1826		-00:19:57,510 ~-~-> 00:19:59,880
1827		-higher. This is the building blocks that
1828		-
1829		-458
1830		-00:19:59,880 ~-~-> 00:20:04,380
1831		-we Work with Okay. Now, because we have
1832		-
1833		-459
1834		-00:20:04,380 ~-~-> 00:20:06,480
1835		-to live in the gray area and not
1836		-
1837		-460
1838		-00:20:08,160 ~-~-> 00:20:10,320
1839		-expected a simple black and white
1840		-
1841		-461
1842		-00:20:10,590 ~-~-> 00:20:12,810
1843		-premise to trading. When we see
1844		-
1845		-462
1846		-00:20:12,810 ~-~-> 00:20:14,820
1847		-consolidation here and price moved down
1848		-
1849		-463
1850		-00:20:14,820 ~-~-> 00:20:16,500
1851		-to a new area of consolidation and price
1852		-
1853		-464
1854		-00:20:16,500 ~-~-> 00:20:17,670
1855		-moves down to a new cup area
1856		-
1857		-465
1858		-00:20:17,670 ~-~-> 00:20:19,500
1859		-consolidation. And then we have short
1860		-
1861		-466
1862		-00:20:19,500 ~-~-> 00:20:22,260
1863		-term breaks on market structure. Okay,
1864		-
1865		-467
1866		-00:20:22,260 ~-~-> 00:20:23,610
1867		-and then once we have a shift in market
1868		-
1869		-468
1870		-00:20:23,610 ~-~-> 00:20:25,350
1871		-structure right here, as price trades
1872		-
1873		-469
1874		-00:20:25,350 ~-~-> 00:20:27,210
1875		-down then that support level. Again,
1876		-
1877		-470
1878		-00:20:27,210 ~-~-> 00:20:28,680
1879		-this is all assuming this is the highest
1880		-
1881		-471
1882		-00:20:28,680 ~-~-> 00:20:30,900
1883		-level of your three timeframes that
1884		-
1885		-472
1886		-00:20:30,900 ~-~-> 00:20:32,850
1887		-you're trading with for your particular
1888		-
1889		-473
1890		-00:20:32,850 ~-~-> 00:20:35,820
1891		-trading model. When you see this shift
1892		-
1893		-474
1894		-00:20:35,820 ~-~-> 00:20:37,470
1895		-in market structure here, we would
1896		-
1897		-475
1898		-00:20:37,470 ~-~-> 00:20:39,750
1899		-anticipate seeing a bullish move higher.
1900		-
1901		-476
1902		-00:20:40,260 ~-~-> 00:20:42,600
1903		-But here's where we enter a new level of
1904		-
1905		-477
1906		-00:20:43,500 ~-~-> 00:20:46,230
1907		-gray. When we move into this new
1908		-
1909		-478
1910		-00:20:46,230 ~-~-> 00:20:48,900
1911		-consolidation in here, this may not
1912		-
1913		-479
1914		-00:20:48,900 ~-~-> 00:20:51,870
1915		-always translate into even higher prices
1916		-
1917		-480
1918		-00:20:51,900 ~-~-> 00:20:54,300
1919		-going up like we have here implied it
1920		-
1921		-481
1922		-00:20:54,300 ~-~-> 00:20:56,400
1923		-could be just reaching up to go back to
1924		-
1925		-482
1926		-00:20:56,400 ~-~-> 00:20:58,800
1927		-this range from this old high to this
1928		-
1929		-483
1930		-00:20:58,800 ~-~-> 00:21:00,870
1931		-low member inside the room. concepts.
1932		-
1933		-484
1934		-00:21:01,170 ~-~-> 00:21:03,660
1935		-Okay? So you have to have that in mind.
1936		-
1937		-485
1938		-00:21:03,660 ~-~-> 00:21:04,710
1939		-So that's why if you're going to be
1940		-
1941		-486
1942		-00:21:04,710 ~-~-> 00:21:08,310
1943		-getting long down here, you'd expect to
1944		-
1945		-487
1946		-00:21:08,310 ~-~-> 00:21:10,590
1947		-see some type of of profit taking here.
1948		-
1949		-488
1950		-00:21:11,190 ~-~-> 00:21:13,410
1951		-Right? And you'd be able to see that
1952		-
1953		-489
1954		-00:21:13,440 ~-~-> 00:21:16,290
1955		-utilizing your mid level chart. Okay?
1956		-
1957		-490
1958		-00:21:16,740 ~-~-> 00:21:19,560
1959		-For your swing projections. Okay, we'll
1960		-
1961		-491
1962		-00:21:19,560 ~-~-> 00:21:21,810
1963		-talk about that more as we go on. But
1964		-
1965		-492
1966		-00:21:22,380 ~-~-> 00:21:24,450
1967		-generally, as you see price come down in
1968		-
1969		-493
1970		-00:21:24,450 ~-~-> 00:21:26,580
1971		-here every time price retraces and gives
1972		-
1973		-494
1974		-00:21:26,580 ~-~-> 00:21:28,620
1975		-you new optimal trade entries. That's
1976		-
1977		-495
1978		-00:21:28,620 ~-~-> 00:21:30,150
1979		-what you're looking for. You want to see
1980		-
1981		-496
1982		-00:21:30,300 ~-~-> 00:21:33,030
1983		-price holding support, breaking
1984		-
1985		-497
1986		-00:21:33,030 ~-~-> 00:21:35,130
1987		-resistance, okay, on this side of the
1988		-
1989		-498
1990		-00:21:37,079 ~-~-> 00:21:39,389
1991		-support level being found, but as we're
1992		-
1993		-499
1994		-00:21:39,419 ~-~-> 00:21:41,039
1995		-trading down into that support level,
1996		-
1997		-500
1998		-00:21:41,039 ~-~-> 00:21:43,289
1999		-we're anticipating market structure to
2000		-
2001		-501
2002		-00:21:43,529 ~-~-> 00:21:46,529
2003		-break lows and find resistance, break
2004		-
2005		-502
2006		-00:21:46,529 ~-~-> 00:21:49,739
2007		-lows, find resistance, break lows, find
2008		-
2009		-503
2010		-00:21:49,739 ~-~-> 00:21:51,869
2011		-resistance, okay, so every new
2012		-
2013		-504
2014		-00:21:51,869 ~-~-> 00:21:54,509
2015		-consolidation, if we're expecting price
2016		-
2017		-505
2018		-00:21:54,509 ~-~-> 00:21:56,219
2019		-reaching down to our higher level
2020		-
2021		-506
2022		-00:21:56,549 ~-~-> 00:21:59,219
2023		-support level, okay on a highest level
2024		-
2025		-507
2026		-00:21:59,219 ~-~-> 00:22:01,589
2027		-chart That's why we do our analysis on
2028		-
2029		-508
2030		-00:22:01,589 ~-~-> 00:22:02,669
2031		-the highest level because you want to
2032		-
2033		-509
2034		-00:22:02,669 ~-~-> 00:22:04,619
2035		-see where price is probably reaching
2036		-
2037		-510
2038		-00:22:04,619 ~-~-> 00:22:07,469
2039		-for. And by seeing where the highest
2040		-
2041		-511
2042		-00:22:07,469 ~-~-> 00:22:09,359
2043		-level chart in our particular trading
2044		-
2045		-512
2046		-00:22:09,359 ~-~-> 00:22:12,869
2047		-model is reaching for. Again, we don't
2048		-
2049		-513
2050		-00:22:12,869 ~-~-> 00:22:14,039
2051		-know for certain that they're always
2052		-
2053		-514
2054		-00:22:14,039 ~-~-> 00:22:15,749
2055		-going to get there. But if you look in
2056		-
2057		-515
2058		-00:22:15,749 ~-~-> 00:22:18,029
2059		-these higher level charts, it's going to
2060		-
2061		-516
2062		-00:22:18,029 ~-~-> 00:22:19,619
2063		-give you the highest probability in
2064		-
2065		-517
2066		-00:22:19,619 ~-~-> 00:22:22,529
2067		-terms of success. If price doesn't get
2068		-
2069		-518
2070		-00:22:22,529 ~-~-> 00:22:24,089
2071		-to these particular points and we start
2072		-
2073		-519
2074		-00:22:24,089 ~-~-> 00:22:28,829
2075		-seeing early market shifts in market
2076		-
2077		-520
2078		-00:22:28,829 ~-~-> 00:22:31,499
2079		-structure, this could be a catalyst for
2080		-
2081		-521
2082		-00:22:31,529 ~-~-> 00:22:33,809
2083		-you know, another type of trade, okay,
2084		-
2085		-522
2086		-00:22:33,809 ~-~-> 00:22:36,029
2087		-we could possibly get along in here and
2088		-
2089		-523
2090		-00:22:36,029 ~-~-> 00:22:37,529
2091		-maybe reach up into the range from the
2092		-
2093		-524
2094		-00:22:37,529 ~-~-> 00:22:40,049
2095		-high to this low here, that may be a
2096		-
2097		-525
2098		-00:22:40,049 ~-~-> 00:22:43,679
2099		-means of profitability should be a good
2100		-
2101		-526
2102		-00:22:43,679 ~-~-> 00:22:47,369
2103		-reward to risk scenario here, okay, you
2104		-
2105		-527
2106		-00:22:47,369 ~-~-> 00:22:48,899
2107		-three to one could still exist within
2108		-
2109		-528
2110		-00:22:48,899 ~-~-> 00:22:51,449
2111		-that fine at that framework of price
2112		-
2113		-529
2114		-00:22:51,449 ~-~-> 00:22:55,469
2115		-action. Okay. But again, even if that
2116		-
2117		-530
2118		-00:22:55,469 ~-~-> 00:22:58,469
2119		-happens, we could still take some short
2120		-
2121		-531
2122		-00:22:58,469 ~-~-> 00:23:01,619
2123		-term trades in here. But that may be a
2124		-
2125		-532
2126		-00:23:01,619 ~-~-> 00:23:05,609
2127		-very, very short term bias, only taking
2128		-
2129		-533
2130		-00:23:05,609 ~-~-> 00:23:09,149
2131		-you up to a higher level bias to get
2132		-
2133		-534
2134		-00:23:09,149 ~-~-> 00:23:12,779
2135		-lower support levels here taken out,
2136		-
2137		-535
2138		-00:23:12,899 ~-~-> 00:23:14,699
2139		-okay, in other words, it used to be,
2140		-
2141		-536
2142		-00:23:14,759 ~-~-> 00:23:16,379
2143		-you're gonna have to blend some concepts
2144		-
2145		-537
2146		-00:23:16,379 ~-~-> 00:23:18,329
2147		-here, the inside the range concepts,
2148		-
2149		-538
2150		-00:23:19,079 ~-~-> 00:23:22,019
2151		-simply looking at lower lows and lower
2152		-
2153		-539
2154		-00:23:22,019 ~-~-> 00:23:24,929
2155		-highs. Okay, if we do get a short term
2156		-
2157		-540
2158		-00:23:24,929 ~-~-> 00:23:26,939
2159		-bounce in here between the high that's
2160		-
2161		-541
2162		-00:23:26,939 ~-~-> 00:23:31,319
2163		-formed here and the low here. This could
2164		-
2165		-542
2166		-00:23:31,319 ~-~-> 00:23:32,939
2167		-be creating an ultimate trade entry to
2168		-
2169		-543
2170		-00:23:32,939 ~-~-> 00:23:35,189
2171		-get that fulfillment of this lower level
2172		-
2173		-544
2174		-00:23:35,189 ~-~-> 00:23:36,269
2175		-support level down here.
2176		-
2177		-545
2178		-00:23:42,060 ~-~-> 00:23:44,880
2179		-Now, again, we've seen this diagram
2180		-
2181		-546
2182		-00:23:44,880 ~-~-> 00:23:49,110
2183		-before, assuming that we have a high up
2184		-
2185		-547
2186		-00:23:49,110 ~-~-> 00:23:52,140
2187		-in here reaching into resistance. As
2188		-
2189		-548
2190		-00:23:52,140 ~-~-> 00:23:54,180
2191		-price breaks this short term low here
2192		-
2193		-549
2194		-00:23:54,180 ~-~-> 00:23:57,450
2195		-the market structure is broken. So as
2196		-
2197		-550
2198		-00:23:57,450 ~-~-> 00:23:59,460
2199		-price starts to retrace every time it
2200		-
2201		-551
2202		-00:23:59,460 ~-~-> 00:24:01,200
2203		-retraces We're looking for new selling
2204		-
2205		-552
2206		-00:24:01,200 ~-~-> 00:24:04,950
2207		-opportunities. But if we see a previous
2208		-
2209		-553
2210		-00:24:04,950 ~-~-> 00:24:07,020
2211		-swing as we see here, see this price
2212		-
2213		-554
2214		-00:24:07,020 ~-~-> 00:24:11,010
2215		-swing here? Okay, if this levels taken
2216		-
2217		-555
2218		-00:24:11,010 ~-~-> 00:24:15,720
2219		-out here, if we get a retracement or
2220		-
2221		-556
2222		-00:24:15,720 ~-~-> 00:24:18,270
2223		-another additional sell signal. This is
2224		-
2225		-557
2226		-00:24:18,270 ~-~-> 00:24:21,510
2227		-where we use swing projections just on
2228		-
2229		-558
2230		-00:24:21,510 ~-~-> 00:24:23,310
2231		-price. We're not using Fibonacci you
2232		-
2233		-559
2234		-00:24:23,310 ~-~-> 00:24:26,040
2235		-can, but just looking at simple price
2236		-
2237		-560
2238		-00:24:26,040 ~-~-> 00:24:29,310
2239		-action alone, this low to high once it's
2240		-
2241		-561
2242		-00:24:29,310 ~-~-> 00:24:31,860
2243		-broken, you can start taking this same
2244		-
2245		-562
2246		-00:24:31,920 ~-~-> 00:24:34,920
2247		-measurable swing from this point here
2248		-
2249		-563
2250		-00:24:34,950 ~-~-> 00:24:38,400
2251		-down to that same level and projected
2252		-
2253		-564
2254		-00:24:38,400 ~-~-> 00:24:41,010
2255		-lower. Okay, and you get somewhere in
2256		-
2257		-565
2258		-00:24:41,010 ~-~-> 00:24:43,110
2259		-this area here. Now I purposely allowed
2260		-
2261		-566
2262		-00:24:43,650 ~-~-> 00:24:45,390
2263		-the diagram to be a little bit farther
2264		-
2265		-567
2266		-00:24:46,320 ~-~-> 00:24:49,680
2267		-because I teach to exit on the trade
2268		-
2269		-568
2270		-00:24:49,680 ~-~-> 00:24:52,020
2271		-before the actual objective is met.
2272		-
2273		-569
2274		-00:24:52,470 ~-~-> 00:24:55,830
2275		-Okay, so every time we see a broken
2276		-
2277		-570
2278		-00:24:55,830 ~-~-> 00:24:58,200
2279		-swing, okay, this is a swing. It's
2280		-
2281		-571
2282		-00:24:58,200 ~-~-> 00:24:59,970
2283		-broken here. And the Lord says hello
2284		-
2285		-572
2286		-00:25:00,000 ~-~-> 00:25:01,800
2287		-Here are whatever load would have formed
2288		-
2289		-573
2290		-00:25:01,800 ~-~-> 00:25:04,530
2291		-in here. I'm assuming that you can see
2292		-
2293		-574
2294		-00:25:04,530 ~-~-> 00:25:07,620
2295		-this as this as a swing. When it's
2296		-
2297		-575
2298		-00:25:07,620 ~-~-> 00:25:10,860
2299		-broken, right here, we went below here,
2300		-
2301		-576
2302		-00:25:11,580 ~-~-> 00:25:14,280
2303		-if we retrace back into it, okay, I'm
2304		-
2305		-577
2306		-00:25:14,280 ~-~-> 00:25:16,170
2307		-also purposely drew this a little bit
2308		-
2309		-578
2310		-00:25:16,170 ~-~-> 00:25:17,880
2311		-past what would be expected as
2312		-
2313		-579
2314		-00:25:17,910 ~-~-> 00:25:22,380
2315		-resistance. I've purposely allowed this
2316		-
2317		-580
2318		-00:25:22,500 ~-~-> 00:25:25,440
2319		-to move beyond this low here to
2320		-
2321		-581
2322		-00:25:25,440 ~-~-> 00:25:27,630
2323		-illustrate how support resistance can be
2324		-
2325		-582
2326		-00:25:29,490 ~-~-> 00:25:31,470
2327		-gray as well, it's not black and white,
2328		-
2329		-583
2330		-00:25:31,470 ~-~-> 00:25:32,820
2331		-you're going to have to allow some
2332		-
2333		-584
2334		-00:25:32,820 ~-~-> 00:25:34,590
2335		-flexibility with price. So when it
2336		-
2337		-585
2338		-00:25:34,590 ~-~-> 00:25:37,590
2339		-starts to pull back deeper, okay, this
2340		-
2341		-586
2342		-00:25:37,590 ~-~-> 00:25:38,970
2343		-still could set up the optimal trade
2344		-
2345		-587
2346		-00:25:38,970 ~-~-> 00:25:41,460
2347		-entry. Okay, and while this isn't the
2348		-
2349		-588
2350		-00:25:41,460 ~-~-> 00:25:44,340
2351		-exact level price was able to stave off
2352		-
2353		-589
2354		-00:25:44,340 ~-~-> 00:25:47,160
2355		-a rally, it still was working within the
2356		-
2357		-590
2358		-00:25:47,160 ~-~-> 00:25:50,460
2359		-previous range here and this PI here as
2360		-
2361		-591
2362		-00:25:50,460 ~-~-> 00:25:53,130
2363		-well, so we're still within a bearish
2364		-
2365		-592
2366		-00:25:53,670 ~-~-> 00:25:56,370
2367		-market structure. So don't be lulled
2368		-
2369		-593
2370		-00:25:56,370 ~-~-> 00:25:58,020
2371		-into thinking this is going to be a long
2372		-
2373		-594
2374		-00:25:58,020 ~-~-> 00:26:00,000
2375		-to go higher. Assuming again, this is
2376		-
2377		-595
2378		-00:26:00,000 ~-~-> 00:26:03,240
2379		-The higher level resistance level. And
2380		-
2381		-596
2382		-00:26:03,240 ~-~-> 00:26:04,590
2383		-again, every little short term
2384		-
2385		-597
2386		-00:26:04,590 ~-~-> 00:26:07,680
2387		-retracement here could be a catalyst for
2388		-
2389		-598
2390		-00:26:07,680 ~-~-> 00:26:09,990
2391		-an additional entry using our smallest
2392		-
2393		-599
2394		-00:26:09,990 ~-~-> 00:26:12,780
2395		-of the three timeframes. Again, this is
2396		-
2397		-600
2398		-00:26:12,780 ~-~-> 00:26:14,370
2399		-all modeling off of the highest
2400		-
2401		-601
2402		-00:26:14,370 ~-~-> 00:26:16,800
2403		-timeframe, okay and then assuming once
2404		-
2405		-602
2406		-00:26:16,800 ~-~-> 00:26:20,190
2407		-we get this broken down this swing low
2408		-
2409		-603
2410		-00:26:20,190 ~-~-> 00:26:22,110
2411		-here broken we could utilize the mid
2412		-
2413		-604
2414		-00:26:22,110 ~-~-> 00:26:25,770
2415		-level chart for additional entries and
2416		-
2417		-605
2418		-00:26:25,770 ~-~-> 00:26:27,570
2419		-or managing of a position that's already
2420		-
2421		-606
2422		-00:26:27,570 ~-~-> 00:26:29,970
2423		-been assumed based on the highest of the
2424		-
2425		-607
2426		-00:26:29,970 ~-~-> 00:26:33,450
2427		-three timeframes. Now as price also
2428		-
2429		-608
2430		-00:26:33,450 ~-~-> 00:26:36,300
2431		-breaks down these swings are just swing
2432		-
2433		-609
2434		-00:26:36,330 ~-~-> 00:26:38,430
2435		-up once it's broken, okay, this is an
2436		-
2437		-610
2438		-00:26:38,430 ~-~-> 00:26:41,850
2439		-engineered swing, okay. You see this in
2440		-
2441		-611
2442		-00:26:41,850 ~-~-> 00:26:44,280
2443		-price action all the time. Okay, it's a
2444		-
2445		-612
2446		-00:26:44,280 ~-~-> 00:26:47,160
2447		-measured move. Very simple. Taking this
2448		-
2449		-613
2450		-00:26:47,160 ~-~-> 00:26:50,280
2451		-low to this high, whatever that range is
2452		-
2453		-614
2454		-00:26:50,340 ~-~-> 00:26:52,410
2455		-subtracted from that same point here,
2456		-
2457		-615
2458		-00:26:52,950 ~-~-> 00:26:56,100
2459		-and projected lower. Okay. That's the
2460		-
2461		-616
2462		-00:26:56,100 ~-~-> 00:26:59,610
2463		-measured swing. Here is a measured leg
2464		-
2465		-617
2466		-00:26:59,730 ~-~-> 00:27:02,520
2467		-move. You have the high down to a low
2468		-
2469		-618
2470		-00:27:02,520 ~-~-> 00:27:04,530
2471		-here and price starts to retrace in
2472		-
2473		-619
2474		-00:27:04,530 ~-~-> 00:27:06,360
2475		-here. We could see this as an
2476		-
2477		-620
2478		-00:27:06,360 ~-~-> 00:27:09,390
2479		-intermediate term price swing, okay, or
2480		-
2481		-621
2482		-00:27:09,390 ~-~-> 00:27:13,080
2483		-price leg. So we have a measurable swing
2484		-
2485		-622
2486		-00:27:13,080 ~-~-> 00:27:15,180
2487		-here that we can use for projections.
2488		-
2489		-623
2490		-00:27:15,750 ~-~-> 00:27:18,090
2491		-And we also have a measurable lake.
2492		-
2493		-624
2494		-00:27:18,420 ~-~-> 00:27:20,550
2495		-Okay, so we had the first leg and price
2496		-
2497		-625
2498		-00:27:20,550 ~-~-> 00:27:24,270
2499		-down here and we retrace back utilizing
2500		-
2501		-626
2502		-00:27:24,270 ~-~-> 00:27:26,640
2503		-the framework that's based on this swing
2504		-
2505		-627
2506		-00:27:26,640 ~-~-> 00:27:28,770
2507		-up. Okay, so we're blending two concepts
2508		-
2509		-628
2510		-00:27:28,770 ~-~-> 00:27:32,790
2511		-here, a swing that's broken. Okay. And
2512		-
2513		-629
2514		-00:27:32,790 ~-~-> 00:27:35,280
2515		-within bearish market structure, then we
2516		-
2517		-630
2518		-00:27:35,280 ~-~-> 00:27:37,020
2519		-also have a retracement back into a
2520		-
2521		-631
2522		-00:27:37,020 ~-~-> 00:27:40,440
2523		-previous support broken it should act as
2524		-
2525		-632
2526		-00:27:40,440 ~-~-> 00:27:43,950
2527		-resistance, okay. And notice how this
2528		-
2529		-633
2530		-00:27:43,950 ~-~-> 00:27:45,960
2531		-low here I try that more or less imply
2532		-
2533		-634
2534		-00:27:46,260 ~-~-> 00:27:47,730
2535		-that price could be reaching for even a
2536		-
2537		-635
2538		-00:27:47,730 ~-~-> 00:27:50,670
2539		-shorter term support that's broken as
2540		-
2541		-636
2542		-00:27:50,670 ~-~-> 00:27:52,560
2543		-resistance. So what might look real
2544		-
2545		-637
2546		-00:27:52,560 ~-~-> 00:27:54,450
2547		-clear and discernible in the charts. It
2548		-
2549		-638
2550		-00:27:54,450 ~-~-> 00:27:57,990
2551		-may not be as clear cut as that. But we
2552		-
2553		-639
2554		-00:27:57,990 ~-~-> 00:27:59,670
2555		-would expect this to be an intermediate
2556		-
2557		-640
2558		-00:27:59,670 ~-~-> 00:28:03,480
2559		-term. retracement for a new leg down.
2560		-
2561		-641
2562		-00:28:03,840 ~-~-> 00:28:05,130
2563		-And that's when you would expect to see
2564		-
2565		-642
2566		-00:28:05,130 ~-~-> 00:28:08,280
2567		-the high too low here on this leg repeat
2568		-
2569		-643
2570		-00:28:08,430 ~-~-> 00:28:10,770
2571		-repeated and projected from this highway
2572		-
2573		-644
2574		-00:28:10,770 ~-~-> 00:28:14,310
2575		-reforms here down here and that would
2576		-
2577		-645
2578		-00:28:14,310 ~-~-> 00:28:18,300
2579		-look similar to what we'd expect when
2580		-
2581		-646
2582		-00:28:18,300 ~-~-> 00:28:20,130
2583		-you see enemy a term highs and lows.
2584		-
2585		-647
2586		-00:28:20,550 ~-~-> 00:28:23,340
2587		-Enemy term high is obviously a high to
2588		-
2589		-648
2590		-00:28:23,340 ~-~-> 00:28:25,830
2591		-has lower highs on either side of it.
2592		-
2593		-649
2594		-00:28:26,790 ~-~-> 00:28:29,880
2595		-Okay, and any term low is a low that has
2596		-
2597		-650
2598		-00:28:30,150 ~-~-> 00:28:33,540
2599		-two higher lows on either side of it. So
2600		-
2601		-651
2602		-00:28:33,540 ~-~-> 00:28:36,780
2603		-it's very easy to see and simply looking
2604		-
2605		-652
2606		-00:28:36,780 ~-~-> 00:28:39,900
2607		-at your candles and your bars when your
2608		-
2609		-653
2610		-00:28:39,960 ~-~-> 00:28:41,700
2611		-respective timeframes. And when you see
2612		-
2613		-654
2614		-00:28:41,700 ~-~-> 00:28:42,150
2615		-these,
2616		-
2617		-655
2618		-00:28:42,660 ~-~-> 00:28:45,390
2619		-note them, okay? And by noting them.
2620		-
2621		-656
2622		-00:28:46,380 ~-~-> 00:28:48,000
2623		-You'll have whatever ways you want to
2624		-
2625		-657
2626		-00:28:48,000 ~-~-> 00:28:50,580
2627		-have it. You know, I'm delineating and
2628		-
2629		-658
2630		-00:28:50,580 ~-~-> 00:28:52,650
2631		-denoting that with these blue circles
2632		-
2633		-659
2634		-00:28:52,650 ~-~-> 00:28:54,300
2635		-here. It could be anything on your
2636		-
2637		-660
2638		-00:28:54,300 ~-~-> 00:28:55,950
2639		-charts, you could have stars, you can,
2640		-
2641		-661
2642		-00:28:56,280 ~-~-> 00:28:57,930
2643		-you can just you know, type,
2644		-
2645		-662
2646		-00:28:58,020 ~-~-> 00:28:59,760
2647		-intermediate term high whatever. You can
2648		-
2649		-663
2650		-00:28:59,760 ~-~-> 00:29:01,740
2651		-put those little arrows on it, whatever
2652		-
2653		-664
2654		-00:29:01,740 ~-~-> 00:29:03,780
2655		-it is that you use to identify that
2656		-
2657		-665
2658		-00:29:03,780 ~-~-> 00:29:06,210
2659		-that's your way of doing it. But it's
2660		-
2661		-666
2662		-00:29:06,210 ~-~-> 00:29:07,500
2663		-important to understand where they're
2664		-
2665		-667
2666		-00:29:07,500 ~-~-> 00:29:10,860
2667		-at. And when they start to nest out like
2668		-
2669		-668
2670		-00:29:10,860 ~-~-> 00:29:13,620
2671		-this, okay? You can classify enemy a
2672		-
2673		-669
2674		-00:29:13,620 ~-~-> 00:29:15,930
2675		-term to now long term because if we have
2676		-
2677		-670
2678		-00:29:16,650 ~-~-> 00:29:19,440
2679		-lower highs on either side of it, okay,
2680		-
2681		-671
2682		-00:29:19,440 ~-~-> 00:29:20,790
2683		-this would classify this as a long term
2684		-
2685		-672
2686		-00:29:20,790 ~-~-> 00:29:24,780
2687		-high, that would also allow you to
2688		-
2689		-673
2690		-00:29:24,780 ~-~-> 00:29:27,660
2691		-expect to see much longer term price
2692		-
2693		-674
2694		-00:29:27,660 ~-~-> 00:29:32,130
2695		-swings, okay? So by nesting out and
2696		-
2697		-675
2698		-00:29:32,130 ~-~-> 00:29:33,960
2699		-marking off your swing highs and swing
2700		-
2701		-676
2702		-00:29:33,960 ~-~-> 00:29:37,470
2703		-lows on your respective timeframes, you
2704		-
2705		-677
2706		-00:29:37,470 ~-~-> 00:29:39,390
2707		-start to build a framework that's needed
2708		-
2709		-678
2710		-00:29:39,390 ~-~-> 00:29:40,800
2711		-to be able to discern if you're in an
2712		-
2713		-679
2714		-00:29:40,800 ~-~-> 00:29:43,200
2715		-intermediate term, or short term price
2716		-
2717		-680
2718		-00:29:43,200 ~-~-> 00:29:45,120
2719		-swing in within your market structure.
2720		-
2721		-681
2722		-00:29:48,570 ~-~-> 00:29:50,340
2723		-Now that lag that we were talking about
2724		-
2725		-682
2726		-00:29:50,490 ~-~-> 00:29:53,040
2727		-earlier, can be seen here by having that
2728		-
2729		-683
2730		-00:29:53,040 ~-~-> 00:29:55,230
2731		-immediate term High Noon ID. So this is
2732		-
2733		-684
2734		-00:29:55,230 ~-~-> 00:29:58,320
2735		-a me term, price leg. And then here's
2736		-
2737		-685
2738		-00:29:58,320 ~-~-> 00:30:00,630
2739		-your immediate term retracement. Okay,
2740		-
2741		-686
2742		-00:30:00,990 ~-~-> 00:30:02,610
2743		-and then you would see, obviously, the
2744		-
2745		-687
2746		-00:30:02,610 ~-~-> 00:30:04,890
2747		-next leg down would be replicated. So
2748		-
2749		-688
2750		-00:30:04,890 ~-~-> 00:30:06,600
2751		-you can see the range between this low
2752		-
2753		-689
2754		-00:30:06,960 ~-~-> 00:30:08,850
2755		-to high is exactly what you see here,
2756		-
2757		-690
2758		-00:30:09,840 ~-~-> 00:30:12,060
2759		-causing you to expect or anticipate
2760		-
2761		-691
2762		-00:30:12,240 ~-~-> 00:30:15,000
2763		-price movement back here. If you're in a
2764		-
2765		-692
2766		-00:30:15,000 ~-~-> 00:30:17,160
2767		-trade still wants to retraced you can
2768		-
2769		-693
2770		-00:30:17,160 ~-~-> 00:30:18,540
2771		-expect to hold on to that trade to get
2772		-
2773		-694
2774		-00:30:18,540 ~-~-> 00:30:20,160
2775		-back down to these levels here, which
2776		-
2777		-695
2778		-00:30:20,160 ~-~-> 00:30:22,200
2779		-would obviously hopefully be a higher
2780		-
2781		-696
2782		-00:30:22,200 ~-~-> 00:30:24,720
2783		-level support level to also converge and
2784		-
2785		-697
2786		-00:30:25,080 ~-~-> 00:30:27,120
2787		-have a confluence of reasons to expect
2788		-
2789		-698
2790		-00:30:27,120 ~-~-> 00:30:28,230
2791		-to take some profits there.
2792		-
2793		-699
2794		-00:30:34,589 ~-~-> 00:30:37,199
2795		-Now, by having all these things in the
2796		-
2797		-700
2798		-00:30:37,199 ~-~-> 00:30:38,699
2799		-forefront of your mind and having
2800		-
2801		-701
2802		-00:30:39,509 ~-~-> 00:30:41,879
2803		-specific price legs and price swings,
2804		-
2805		-702
2806		-00:30:42,539 ~-~-> 00:30:45,539
2807		-and how they nest together, it's
2808		-
2809		-703
2810		-00:30:46,769 ~-~-> 00:30:47,939
2811		-important to understand that the
2812		-
2813		-704
2814		-00:30:47,969 ~-~-> 00:30:49,679
2815		-framework of your market structure is
2816		-
2817		-705
2818		-00:30:49,679 ~-~-> 00:30:51,959
2819		-derived from the highest level the three
2820		-
2821		-706
2822		-00:30:51,959 ~-~-> 00:30:54,269
2823		-timeframes you're trading with. That's
2824		-
2825		-707
2826		-00:30:54,269 ~-~-> 00:30:56,009
2827		-where you're using the framework or the
2828		-
2829		-708
2830		-00:30:56,039 ~-~-> 00:30:59,189
2831		-or the basis of your trade is built upon
2832		-
2833		-709
2834		-00:31:00,359 ~-~-> 00:31:03,389
2835		-Your mid level chart is used to zero
2836		-
2837		-710
2838		-00:31:03,389 ~-~-> 00:31:06,809
2839		-down into a smaller time frame expecting
2840		-
2841		-711
2842		-00:31:06,809 ~-~-> 00:31:09,749
2843		-to find support resistance levels that
2844		-
2845		-712
2846		-00:31:09,749 ~-~-> 00:31:11,279
2847		-may not be discernible and your highest
2848		-
2849		-713
2850		-00:31:11,279 ~-~-> 00:31:13,919
2851		-timeframe, then your lowest timeframe is
2852		-
2853		-714
2854		-00:31:13,919 ~-~-> 00:31:15,419
2855		-used for your entry. And we're going to
2856		-
2857		-715
2858		-00:31:15,419 ~-~-> 00:31:16,979
2859		-talk about that specifically here,
2860		-
2861		-716
2862		-00:31:17,489 ~-~-> 00:31:19,619
2863		-assuming we've built the premise of
2864		-
2865		-717
2866		-00:31:19,649 ~-~-> 00:31:22,739
2867		-market structure, and assuming that it's
2868		-
2869		-718
2870		-00:31:22,739 ~-~-> 00:31:25,109
2871		-bullish, okay, everything we're talking
2872		-
2873		-719
2874		-00:31:25,109 ~-~-> 00:31:27,359
2875		-about here would be obviously reverse
2876		-
2877		-720
2878		-00:31:27,359 ~-~-> 00:31:29,729
2879		-for selling scenarios, but assuming we
2880		-
2881		-721
2882		-00:31:29,729 ~-~-> 00:31:31,739
2883		-have a bullish market structure, okay,
2884		-
2885		-722
2886		-00:31:31,739 ~-~-> 00:31:34,349
2887		-we're a swing trader, let's say for a
2888		-
2889		-723
2890		-00:31:34,349 ~-~-> 00:31:37,499
2891		-moment that our highest timeframes
2892		-
2893		-724
2894		-00:31:37,739 ~-~-> 00:31:39,269
2895		-suggest that we have a bullish market
2896		-
2897		-725
2898		-00:31:39,269 ~-~-> 00:31:41,279
2899		-structure underway. We've traded off of
2900		-
2901		-726
2902		-00:31:41,279 ~-~-> 00:31:45,389
2903		-a higher level, support level and price
2904		-
2905		-727
2906		-00:31:45,389 ~-~-> 00:31:48,479
2907		-has given us a broken market structure
2908		-
2909		-728
2910		-00:31:48,479 ~-~-> 00:31:50,009
2911		-to the upside. Okay, so it's been a
2912		-
2913		-729
2914		-00:31:50,009 ~-~-> 00:31:52,049
2915		-market structure shift. Short term highs
2916		-
2917		-730
2918		-00:31:52,049 ~-~-> 00:31:54,089
2919		-have been broken on our highest level
2920		-
2921		-731
2922		-00:31:54,089 ~-~-> 00:31:57,329
2923		-timeframe chart, or mid level timeframe
2924		-
2925		-732
2926		-00:31:57,389 ~-~-> 00:32:00,269
2927		-has allowed us to zero in and find a Key
2928		-
2929		-733
2930		-00:32:00,269 ~-~-> 00:32:03,659
2931		-support resistance level. Now, we have
2932		-
2933		-734
2934		-00:32:03,659 ~-~-> 00:32:05,519
2935		-this higher level key support resistance
2936		-
2937		-735
2938		-00:32:05,519 ~-~-> 00:32:07,199
2939		-level, that's also converging with our
2940		-
2941		-736
2942		-00:32:07,199 ~-~-> 00:32:09,269
2943		-mid level support resistance level.
2944		-
2945		-737
2946		-00:32:09,539 ~-~-> 00:32:11,609
2947		-Okay, and that same support resistance
2948		-
2949		-738
2950		-00:32:11,609 ~-~-> 00:32:13,889
2951		-level may be a confluence of maybe a
2952		-
2953		-739
2954		-00:32:13,889 ~-~-> 00:32:17,579
2955		-pivot, a trinity level, okay? It could
2956		-
2957		-740
2958		-00:32:17,579 ~-~-> 00:32:19,709
2959		-be a pattern that overlaps with that
2960		-
2961		-741
2962		-00:32:19,709 ~-~-> 00:32:24,899
2963		-specific debt level. Okay. And we now
2964		-
2965		-742
2966		-00:32:24,899 ~-~-> 00:32:31,109
2967		-have a bias, okay. This bias is bullish.
2968		-
2969		-743
2970		-00:32:31,739 ~-~-> 00:32:34,919
2971		-It does not mean every single day you're
2972		-
2973		-744
2974		-00:32:34,919 ~-~-> 00:32:36,479
2975		-going to get a trade that's gonna
2976		-
2977		-745
2978		-00:32:37,109 ~-~-> 00:32:39,389
2979		-materialize as a bullish move and see
2980		-
2981		-746
2982		-00:32:39,389 ~-~-> 00:32:42,419
2983		-profitability. If it was if it was just
2984		-
2985		-747
2986		-00:32:42,419 ~-~-> 00:32:44,279
2987		-that simple guys, everybody would be
2988		-
2989		-748
2990		-00:32:44,279 ~-~-> 00:32:46,919
2991		-multimillionaires. And be mean we'd be
2992		-
2993		-749
2994		-00:32:46,979 ~-~-> 00:32:49,859
2995		-we we'd all be Warren Buffett's. And
2996		-
2997		-750
2998		-00:32:50,399 ~-~-> 00:32:53,159
2999		-super rich. So obviously it's not that
3000		-
3001		-751
3002		-00:32:53,189 ~-~-> 00:32:56,759
3003		-easy. You have to have some discernment
3004		-
3005		-752
3006		-00:32:56,759 ~-~-> 00:33:00,629
3007		-and allow for some you do failure
3008		-
3009		-753
3010		-00:33:00,659 ~-~-> 00:33:02,339
3011		-because it's going to happen. But
3012		-
3013		-754
3014		-00:33:02,339 ~-~-> 00:33:03,989
3015		-assuming that we have that, that
3016		-
3017		-755
3018		-00:33:03,989 ~-~-> 00:33:06,779
3019		-premise, okay, our bias is to buy, it
3020		-
3021		-756
3022		-00:33:06,779 ~-~-> 00:33:08,399
3023		-doesn't mean that traders can't make
3024		-
3025		-757
3026		-00:33:08,399 ~-~-> 00:33:11,039
3027		-money going short this specific day or
3028		-
3029		-758
3030		-00:33:11,039 ~-~-> 00:33:14,069
3031		-timeframe. Okay, it just means that you
3032		-
3033		-759
3034		-00:33:14,369 ~-~-> 00:33:17,159
3035		-are going to stick to being a bull at
3036		-
3037		-760
3038		-00:33:17,159 ~-~-> 00:33:19,199
3039		-this particular day four particular
3040		-
3041		-761
3042		-00:33:19,199 ~-~-> 00:33:23,069
3043		-timeframe. Okay. So with that, and with
3044		-
3045		-762
3046		-00:33:23,069 ~-~-> 00:33:25,049
3047		-that in mind, we always go back to our
3048		-
3049		-763
3050		-00:33:25,049 ~-~-> 00:33:27,359
3051		-key premise of trading within kill
3052		-
3053		-764
3054		-00:33:27,359 ~-~-> 00:33:29,429
3055		-zones. Okay? So you want to be doing
3056		-
3057		-765
3058		-00:33:29,429 ~-~-> 00:33:31,529
3059		-your entries in your kill zone times,
3060		-
3061		-766
3062		-00:33:31,739 ~-~-> 00:33:34,589
3063		-London open, New York, open, London,
3064		-
3065		-767
3066		-00:33:34,589 ~-~-> 00:33:36,959
3067		-close or Asia. Okay, but assuming we
3068		-
3069		-768
3070		-00:33:36,959 ~-~-> 00:33:39,719
3071		-have already arrived at our time of day
3072		-
3073		-769
3074		-00:33:39,719 ~-~-> 00:33:42,599
3075		-when we're going to be trading, okay. We
3076		-
3077		-770
3078		-00:33:42,599 ~-~-> 00:33:44,159
3079		-already understand that the kill zone
3080		-
3081		-771
3082		-00:33:44,159 ~-~-> 00:33:46,619
3083		-when it's going to begin. We already
3084		-
3085		-772
3086		-00:33:46,619 ~-~-> 00:33:48,449
3087		-have our key support resistance level
3088		-
3089		-773
3090		-00:33:48,479 ~-~-> 00:33:50,819
3091		-already identified, and we know where
3092		-
3093		-774
3094		-00:33:50,819 ~-~-> 00:33:52,499
3095		-price should get to before we do
3096		-
3097		-775
3098		-00:33:52,499 ~-~-> 00:33:53,699
3099		-anything, and that's going to be
3100		-
3101		-776
3102		-00:33:54,419 ~-~-> 00:33:55,949
3103		-basically this little area right here.
3104		-
3105		-777
3106		-00:33:55,949 ~-~-> 00:33:58,199
3107		-So when we're going to be seeing price
3108		-
3109		-778
3110		-00:33:58,199 ~-~-> 00:33:59,969
3111		-hopefully, at some point, move down.
3112		-
3113		-779
3114		-00:33:59,999 ~-~-> 00:34:02,039
3115		-That level here, this is our action
3116		-
3117		-780
3118		-00:34:02,039 ~-~-> 00:34:04,319
3119		-point. This is where we take action, we
3120		-
3121		-781
3122		-00:34:04,319 ~-~-> 00:34:07,409
3123		-do the entry here. Now, it could be on a
3124		-
3125		-782
3126		-00:34:07,409 ~-~-> 00:34:08,729
3127		-limit basis, or it could be a market
3128		-
3129		-783
3130		-00:34:08,729 ~-~-> 00:34:11,399
3131		-order, but we're utilizing time price
3132		-
3133		-784
3134		-00:34:11,399 ~-~-> 00:34:13,769
3135		-theory. Okay. So this is what it looks
3136		-
3137		-785
3138		-00:34:13,769 ~-~-> 00:34:17,339
3139		-like in your mind. There's nothing
3140		-
3141		-786
3142		-00:34:17,339 ~-~-> 00:34:20,339
3143		-happening yet. you anticipate these
3144		-
3145		-787
3146		-00:34:20,369 ~-~-> 00:34:23,189
3147		-events unfolding within a specific time
3148		-
3149		-788
3150		-00:34:23,189 ~-~-> 00:34:26,309
3151		-of day with a specific bias in mind,
3152		-
3153		-789
3154		-00:34:26,459 ~-~-> 00:34:29,189
3155		-okay? You want to see these things line
3156		-
3157		-790
3158		-00:34:29,189 ~-~-> 00:34:31,739
3159		-up? And I think what happens as you guys
3160		-
3161		-791
3162		-00:34:31,769 ~-~-> 00:34:33,419
3163		-send me emails you talk about on the
3164		-
3165		-792
3166		-00:34:33,419 ~-~-> 00:34:35,939
3167		-internet posting on baby pips forums. I
3168		-
3169		-793
3170		-00:34:35,939 ~-~-> 00:34:37,409
3171		-don't know what the bias is for today.
3172		-
3173		-794
3174		-00:34:37,979 ~-~-> 00:34:41,189
3175		-here's here's the secret every day, the
3176		-
3177		-795
3178		-00:34:41,189 ~-~-> 00:34:43,709
3179		-bias is both directions. Every day the
3180		-
3181		-796
3182		-00:34:43,709 ~-~-> 00:34:46,319
3183		-bias is both directions. Think about
3184		-
3185		-797
3186		-00:34:46,319 ~-~-> 00:34:48,839
3187		-that. There's traders making money going
3188		-
3189		-798
3190		-00:34:48,869 ~-~-> 00:34:50,399
3191		-long and short that day.
3192		-
3193		-799
3194		-00:34:51,480 ~-~-> 00:34:54,360
3195		-But you have to decide on what it is
3196		-
3197		-800
3198		-00:34:54,360 ~-~-> 00:34:55,890
3199		-that your trading based on your
3200		-
3201		-801
3202		-00:34:55,890 ~-~-> 00:34:57,810
3203		-timeframe in your profile. Okay, as a
3204		-
3205		-802
3206		-00:34:57,810 ~-~-> 00:34:59,130
3207		-trader, are you a short term trader
3208		-
3209		-803
3210		-00:34:59,280 ~-~-> 00:35:01,020
3211		-swing trader Are you a position trader,
3212		-
3213		-804
3214		-00:35:01,350 ~-~-> 00:35:04,230
3215		-and you're looking for the bias that
3216		-
3217		-805
3218		-00:35:04,230 ~-~-> 00:35:06,660
3219		-you're holding to line up with price
3220		-
3221		-806
3222		-00:35:06,660 ~-~-> 00:35:09,330
3223		-action? Okay, you can't force price
3224		-
3225		-807
3226		-00:35:09,330 ~-~-> 00:35:12,000
3227		-action to do what you want it to do, you
3228		-
3229		-808
3230		-00:35:12,000 ~-~-> 00:35:14,400
3231		-can only get yourself in sync with what
3232		-
3233		-809
3234		-00:35:14,400 ~-~-> 00:35:17,430
3235		-price may be doing and allowing you a
3236		-
3237		-810
3238		-00:35:17,430 ~-~-> 00:35:19,380
3239		-ride. Okay, so with that assumption,
3240		-
3241		-811
3242		-00:35:19,650 ~-~-> 00:35:21,360
3243		-we're looking at price here and with the
3244		-
3245		-812
3246		-00:35:21,540 ~-~-> 00:35:24,090
3247		-bullish premise that we would be
3248		-
3249		-813
3250		-00:35:24,090 ~-~-> 00:35:26,340
3251		-expecting to see higher prices if we get
3252		-
3253		-814
3254		-00:35:26,340 ~-~-> 00:35:28,590
3255		-down to this support level. Okay, so
3256		-
3257		-815
3258		-00:35:28,590 ~-~-> 00:35:30,030
3259		-we've aside established that the higher
3260		-
3261		-816
3262		-00:35:30,030 ~-~-> 00:35:32,190
3263		-timeframe of the three timeframes we use
3264		-
3265		-817
3266		-00:35:32,190 ~-~-> 00:35:34,440
3267		-for market structure study is now
3268		-
3269		-818
3270		-00:35:34,440 ~-~-> 00:35:38,070
3271		-bullish. Okay. We assumed that we have a
3272		-
3273		-819
3274		-00:35:38,190 ~-~-> 00:35:40,650
3275		-very respectable support level down
3276		-
3277		-820
3278		-00:35:40,650 ~-~-> 00:35:42,630
3279		-here. Okay. So if price trades back down
3280		-
3281		-821
3282		-00:35:42,630 ~-~-> 00:35:44,430
3283		-to that level within a kill zone, we're
3284		-
3285		-822
3286		-00:35:44,430 ~-~-> 00:35:45,930
3287		-gonna be taking action here the buy,
3288		-
3289		-823
3290		-00:35:46,140 ~-~-> 00:35:47,910
3291		-okay, and all we simply do at that point
3292		-
3293		-824
3294		-00:35:48,120 ~-~-> 00:35:50,190
3295		-is you wait, you wait until the kill
3296		-
3297		-825
3298		-00:35:50,190 ~-~-> 00:35:52,110
3299		-zone starts and when price gets to a
3300		-
3301		-826
3302		-00:35:52,110 ~-~-> 00:35:54,240
3303		-specific point, you use whatever entry
3304		-
3305		-827
3306		-00:35:54,240 ~-~-> 00:35:55,590
3307		-technique or concept you're going to be
3308		-
3309		-828
3310		-00:35:55,590 ~-~-> 00:35:57,330
3311		-utilizing for your trade entry, which
3312		-
3313		-829
3314		-00:35:57,330 ~-~-> 00:35:59,220
3315		-could be optimal trade entry. It could
3316		-
3317		-830
3318		-00:35:59,220 ~-~-> 00:36:02,970
3319		-be reflection It could be a Grail, it
3320		-
3321		-831
3322		-00:36:02,970 ~-~-> 00:36:06,240
3323		-could be a stinger. It could be any, any
3324		-
3325		-832
3326		-00:36:06,240 ~-~-> 00:36:07,560
3327		-one of the trading patterns that you're
3328		-
3329		-833
3330		-00:36:07,560 ~-~-> 00:36:09,390
3331		-utilizing, but it's happening at a key
3332		-
3333		-834
3334		-00:36:09,390 ~-~-> 00:36:11,310
3335		-support resistance level with the higher
3336		-
3337		-835
3338		-00:36:11,310 ~-~-> 00:36:13,590
3339		-timeframe of the three different
3340		-
3341		-836
3342		-00:36:13,590 ~-~-> 00:36:15,210
3343		-timeframes you use for market structure,
3344		-
3345		-837
3346		-00:36:15,570 ~-~-> 00:36:17,400
3347		-giving you your bias. So when you have
3348		-
3349		-838
3350		-00:36:17,400 ~-~-> 00:36:19,680
3351		-that this is your action plan, this is
3352		-
3353		-839
3354		-00:36:19,680 ~-~-> 00:36:21,720
3355		-what you do. You don't do anything else.
3356		-
3357		-840
3358		-00:36:21,750 ~-~-> 00:36:24,390
3359		-Okay? This could be a sell pattern here,
3360		-
3361		-841
3362		-00:36:24,450 ~-~-> 00:36:26,130
3363		-okay, for someone that's very short term
3364		-
3365		-842
3366		-00:36:26,130 ~-~-> 00:36:29,010
3367		-trader, okay, and trades down in date.
3368		-
3369		-843
3370		-00:36:29,040 ~-~-> 00:36:30,840
3371		-They've made money from this point here
3372		-
3373		-844
3374		-00:36:30,960 ~-~-> 00:36:34,170
3375		-to here. That's not your trade. Okay? So
3376		-
3377		-845
3378		-00:36:35,130 ~-~-> 00:36:38,100
3379		-don't try to force more out of the
3380		-
3381		-846
3382		-00:36:38,100 ~-~-> 00:36:40,620
3383		-concept and it's intended, okay, you're
3384		-
3385		-847
3386		-00:36:40,620 ~-~-> 00:36:43,950
3387		-just simply looking for a bias for your
3388		-
3389		-848
3390		-00:36:43,980 ~-~-> 00:36:47,040
3391		-style of trading, okay? Doesn't mean
3392		-
3393		-849
3394		-00:36:47,130 ~-~-> 00:36:48,210
3395		-that you're going to be right all the
3396		-
3397		-850
3398		-00:36:48,210 ~-~-> 00:36:49,770
3399		-time. Okay. So take that out of the
3400		-
3401		-851
3402		-00:36:49,770 ~-~-> 00:36:51,990
3403		-equation. All you're doing is looking to
3404		-
3405		-852
3406		-00:36:51,990 ~-~-> 00:36:53,610
3407		-get yourself in sync with whatever price
3408		-
3409		-853
3410		-00:36:53,610 ~-~-> 00:36:56,520
3411		-action is doing, based on your premise
3412		-
3413		-854
3414		-00:36:56,550 ~-~-> 00:36:57,840
3415		-or your style of trading.
3416		-
3417		-855
3418		-00:37:03,240 ~-~-> 00:37:06,930
3419		-All right. Obviously, this is a very
3420		-
3421		-856
3422		-00:37:06,930 ~-~-> 00:37:08,730
3423		-simple approach to dealing with
3424		-
3425		-857
3426		-00:37:08,850 ~-~-> 00:37:12,000
3427		-directional bias. But it's meant to help
3428		-
3429		-858
3430		-00:37:12,000 ~-~-> 00:37:14,490
3431		-you avoid the over complication. That
3432		-
3433		-859
3434		-00:37:15,240 ~-~-> 00:37:16,980
3435		-tends to happen with traders, okay? And
3436		-
3437		-860
3438		-00:37:16,980 ~-~-> 00:37:18,840
3439		-it's usually the new traders that try to
3440		-
3441		-861
3442		-00:37:18,840 ~-~-> 00:37:21,000
3443		-add all these things to it and squeeze
3444		-
3445		-862
3446		-00:37:21,000 ~-~-> 00:37:23,280
3447		-all the tools into giving them a
3448		-
3449		-863
3450		-00:37:23,280 ~-~-> 00:37:25,260
3451		-directional bias with the expectation
3452		-
3453		-864
3454		-00:37:25,290 ~-~-> 00:37:28,110
3455		-falsely, I'll be it, that they're going
3456		-
3457		-865
3458		-00:37:28,110 ~-~-> 00:37:29,790
3459		-to always know what direction the mark
3460		-
3461		-866
3462		-00:37:29,790 ~-~-> 00:37:32,040
3463		-is gonna move every single day. And I'm
3464		-
3465		-867
3466		-00:37:32,040 ~-~-> 00:37:33,660
3467		-gonna tell you guys, I've been doing
3468		-
3469		-868
3470		-00:37:33,660 ~-~-> 00:37:36,630
3471		-this almost 20 years, and I don't get it
3472		-
3473		-869
3474		-00:37:36,720 ~-~-> 00:37:40,230
3475		-right every single day. Okay, you know
3476		-
3477		-870
3478		-00:37:40,230 ~-~-> 00:37:42,210
3479		-what the secret is to my trading? I
3480		-
3481		-871
3482		-00:37:42,210 ~-~-> 00:37:45,000
3483		-simply wait until everything lines up
3484		-
3485		-872
3486		-00:37:45,300 ~-~-> 00:37:47,850
3487		-that I like to see where the majority of
3488		-
3489		-873
3490		-00:37:47,850 ~-~-> 00:37:49,770
3491		-all my tools, not all of them, the
3492		-
3493		-874
3494		-00:37:49,770 ~-~-> 00:37:51,330
3495		-majority of the things that I'd like to
3496		-
3497		-875
3498		-00:37:51,330 ~-~-> 00:37:53,910
3499		-see, based on my understanding what
3500		-
3501		-876
3502		-00:37:53,910 ~-~-> 00:37:56,790
3503		-markets suggesting to me in other words,
3504		-
3505		-877
3506		-00:37:56,880 ~-~-> 00:37:58,860
3507		-what what profile are we in? Are we
3508		-
3509		-878
3510		-00:37:58,860 ~-~-> 00:38:01,860
3511		-overall right? For reversal, are we in a
3512		-
3513		-879
3514		-00:38:01,860 ~-~-> 00:38:03,870
3515		-trending condition? Are we in a
3516		-
3517		-880
3518		-00:38:03,870 ~-~-> 00:38:05,760
3519		-consolidation area where, you know, I
3520		-
3521		-881
3522		-00:38:05,760 ~-~-> 00:38:07,110
3523		-don't want to be taking any kind of
3524		-
3525		-882
3526		-00:38:08,430 ~-~-> 00:38:10,650
3527		-trading, you know, with the expectation
3528		-
3529		-883
3530		-00:38:10,650 ~-~-> 00:38:13,620
3531		-that we're going to have a trending type
3532		-
3533		-884
3534		-00:38:13,620 ~-~-> 00:38:15,150
3535		-of event unfold, because we're gonna be
3536		-
3537		-885
3538		-00:38:15,150 ~-~-> 00:38:17,460
3539		-working within a large consolidation. I
3540		-
3541		-886
3542		-00:38:17,460 ~-~-> 00:38:21,270
3543		-use that as my building blocks. And then
3544		-
3545		-887
3546		-00:38:21,270 ~-~-> 00:38:23,550
3547		-by using the market profiling to give me
3548		-
3549		-888
3550		-00:38:23,550 ~-~-> 00:38:25,440
3551		-the initial clue as to where we may be
3552		-
3553		-889
3554		-00:38:25,440 ~-~-> 00:38:27,330
3555		-trading, then I've started looking at
3556		-
3557		-890
3558		-00:38:27,330 ~-~-> 00:38:28,830
3559		-actual individual market structure
3560		-
3561		-891
3562		-00:38:28,830 ~-~-> 00:38:30,390
3563		-concepts on the three timeframes that I
3564		-
3565		-892
3566		-00:38:30,390 ~-~-> 00:38:32,430
3567		-use for whatever type of trading I'm
3568		-
3569		-893
3570		-00:38:32,430 ~-~-> 00:38:35,940
3571		-doing at the time. Because I end dynamic
3572		-
3573		-894
3574		-00:38:35,940 ~-~-> 00:38:38,730
3575		-I move from one timeframe or profile
3576		-
3577		-895
3578		-00:38:38,730 ~-~-> 00:38:41,160
3579		-trading to another one week, I may be
3580		-
3581		-896
3582		-00:38:41,160 ~-~-> 00:38:43,230
3583		-simply a day trader. In other weeks,
3584		-
3585		-897
3586		-00:38:43,230 ~-~-> 00:38:46,920
3587		-I'll be short term trader. And I wish
3588		-
3589		-898
3590		-00:38:46,920 ~-~-> 00:38:48,630
3591		-there's a way for me to teach that
3592		-
3593		-899
3594		-00:38:49,140 ~-~-> 00:38:52,650
3595		-premise from moving from one dynamic to
3596		-
3597		-900
3598		-00:38:52,650 ~-~-> 00:38:56,070
3599		-another. I can't so it may be
3600		-
3601		-901
3602		-00:38:56,070 ~-~-> 00:38:57,990
3603		-disappointing to you, but this is a
3604		-
3605		-902
3606		-00:38:57,990 ~-~-> 00:39:00,570
3607		-limitation on me as a mentor. Or I just
3608		-
3609		-903
3610		-00:39:00,660 ~-~-> 00:39:02,670
3611		-I don't know how to communicate that.
3612		-
3613		-904
3614		-00:39:03,090 ~-~-> 00:39:04,980
3615		-But I can give you concepts and
3616		-
3617		-905
3618		-00:39:05,010 ~-~-> 00:39:07,170
3619		-approaches to do specific styles of
3620		-
3621		-906
3622		-00:39:07,170 ~-~-> 00:39:08,910
3623		-trading. And you just have to wait for
3624		-
3625		-907
3626		-00:39:08,910 ~-~-> 00:39:10,470
3627		-the opportunities where price action
3628		-
3629		-908
3630		-00:39:10,500 ~-~-> 00:39:13,620
3631		-gives you that sweet spot in terms of
3632		-
3633		-909
3634		-00:39:14,040 ~-~-> 00:39:17,160
3635		-being able to apply it. Okay? So by
3636		-
3637		-910
3638		-00:39:17,160 ~-~-> 00:39:19,410
3639		-selecting a directional bias in this
3640		-
3641		-911
3642		-00:39:19,410 ~-~-> 00:39:21,390
3643		-does not guarantee profitability, it's
3644		-
3645		-912
3646		-00:39:21,390 ~-~-> 00:39:23,340
3647		-very important to understand that nor
3648		-
3649		-913
3650		-00:39:23,340 ~-~-> 00:39:25,140
3651		-does it guarantee accuracy in either
3652		-
3653		-914
3654		-00:39:25,140 ~-~-> 00:39:26,940
3655		-your trade direction and or your trade
3656		-
3657		-915
3658		-00:39:26,940 ~-~-> 00:39:30,090
3659		-results. One traders bias may be
3660		-
3661		-916
3662		-00:39:30,090 ~-~-> 00:39:31,770
3663		-bullish, okay. And they're looking for
3664		-
3665		-917
3666		-00:39:31,770 ~-~-> 00:39:34,410
3667		-buys in that may exist inside the realm
3668		-
3669		-918
3670		-00:39:34,410 ~-~-> 00:39:37,020
3671		-of another traders sell bias. They both
3672		-
3673		-919
3674		-00:39:37,020 ~-~-> 00:39:40,380
3675		-can be correct and make money and even
3676		-
3677		-920
3678		-00:39:40,380 ~-~-> 00:39:41,850
3679		-see both their respective profit
3680		-
3681		-921
3682		-00:39:41,850 ~-~-> 00:39:44,850
3683		-objectives achieved. They both can be
3684		-
3685		-922
3686		-00:39:44,850 ~-~-> 00:39:47,100
3687		-wrong and make money despite their
3688		-
3689		-923
3690		-00:39:47,100 ~-~-> 00:39:49,320
3691		-respective profit objectives not being
3692		-
3693		-924
3694		-00:39:49,320 ~-~-> 00:39:51,570
3695		-achieved. Again, it's not being about
3696		-
3697		-925
3698		-00:39:52,380 ~-~-> 00:39:54,840
3699		-being, quote unquote, correct. It's
3700		-
3701		-926
3702		-00:39:54,840 ~-~-> 00:39:57,690
3703		-about being profitable. However, they
3704		-
3705		-927
3706		-00:39:57,690 ~-~-> 00:39:59,310
3707		-both could simply lose money and neither
3708		-
3709		-928
3710		-00:39:59,310 ~-~-> 00:40:01,560
3711		-trade idea comes to fruition, there is
3712		-
3713		-929
3714		-00:40:01,560 ~-~-> 00:40:03,480
3715		-no black and white. It's very important
3716		-
3717		-930
3718		-00:40:03,510 ~-~-> 00:40:06,240
3719		-to understand that as a trader, you must
3720		-
3721		-931
3722		-00:40:06,240 ~-~-> 00:40:08,640
3723		-enter the gray and be comfortable with
3724		-
3725		-932
3726		-00:40:08,640 ~-~-> 00:40:11,250
3727		-the less than perfect visibility trades
3728		-
3729		-933
3730		-00:40:11,250 ~-~-> 00:40:14,580
3731		-with the the foresight that you're
3732		-
3733		-934
3734		-00:40:14,580 ~-~-> 00:40:17,160
3735		-expecting don't exist. Nobody has a
3736		-
3737		-935
3738		-00:40:17,160 ~-~-> 00:40:19,650
3739		-crystal ball. I don't have it. I'm still
3740		-
3741		-936
3742		-00:40:19,650 ~-~-> 00:40:22,500
3743		-trading on the probabilities, not the
3744		-
3745		-937
3746		-00:40:22,500 ~-~-> 00:40:24,990
3747		-perfect scenario. There's no perfect
3748		-
3749		-938
3750		-00:40:24,990 ~-~-> 00:40:29,550
3751		-scenario, okay? You as a trader will see
3752		-
3753		-939
3754		-00:40:29,550 ~-~-> 00:40:31,290
3755		-trades materialize that will provide you
3756		-
3757		-940
3758		-00:40:31,290 ~-~-> 00:40:34,110
3759		-plenty of profit taking potential. live
3760		-
3761		-941
3762		-00:40:34,110 ~-~-> 00:40:37,260
3763		-there. Don't expect 100% it's not going
3764		-
3765		-942
3766		-00:40:37,260 ~-~-> 00:40:39,540
3767		-to happen. Okay, I guarantee you. The
3768		-
3769		-943
3770		-00:40:39,540 ~-~-> 00:40:40,980
3771		-only thing 100% is going to happen is
3772		-
3773		-944
3774		-00:40:40,980 ~-~-> 00:40:43,350
3775		-you're going to go nuts, expecting an
3776		-
3777		-945
3778		-00:40:43,350 ~-~-> 00:40:47,820
3779		-impossibility. Find your timeframe as a
3780		-
3781		-946
3782		-00:40:47,820 ~-~-> 00:40:50,130
3783		-trader, determine the market structure
3784		-
3785		-947
3786		-00:40:50,130 ~-~-> 00:40:52,800
3787		-given for that timeframe. Trade within
3788		-
3789		-948
3790		-00:40:52,800 ~-~-> 00:40:54,330
3791		-that respective market structure and
3792		-
3793		-949
3794		-00:40:54,330 ~-~-> 00:40:57,030
3795		-perform your targeting on the highest
3796		-
3797		-950
3798		-00:40:57,030 ~-~-> 00:40:59,430
3799		-end mid level timeframes. And I promise
3800		-
3801		-951
3802		-00:40:59,430 ~-~-> 00:41:01,680
3803		-you You'll have more than enough trades
3804		-
3805		-952
3806		-00:41:01,920 ~-~-> 00:41:04,290
3807		-laid at your feet. But it's not about
3808		-
3809		-953
3810		-00:41:04,290 ~-~-> 00:41:06,630
3811		-trading every day. And it's not about
3812		-
3813		-954
3814		-00:41:07,050 ~-~-> 00:41:09,690
3815		-capturing 1000 pips a month, okay? It's
3816		-
3817		-955
3818		-00:41:09,690 ~-~-> 00:41:11,790
3819		-about consistently harvesting profits
3820		-
3821		-956
3822		-00:41:11,820 ~-~-> 00:41:14,730
3823		-out of the marketplace, keeping risk low
3824		-
3825		-957
3826		-00:41:15,210 ~-~-> 00:41:18,270
3827		-and your action level low. Don't try to
3828		-
3829		-958
3830		-00:41:18,270 ~-~-> 00:41:20,940
3831		-trade a whole lot. Keep your trading
3832		-
3833		-959
3834		-00:41:20,940 ~-~-> 00:41:22,800
3835		-controlled. That way you're going to
3836		-
3837		-960
3838		-00:41:22,800 ~-~-> 00:41:25,050
3839		-control your emotions, your expectations
3840		-
3841		-961
3842		-00:41:25,050 ~-~-> 00:41:27,720
3843		-will be kept realistic and you're going
3844		-
3845		-962
3846		-00:41:27,720 ~-~-> 00:41:30,240
3847		-to live comfortably in the gray. Okay,
3848		-
3849		-963
3850		-00:41:30,240 ~-~-> 00:41:33,360
3851		-folks, we are looking at the British
3852		-
3853		-964
3854		-00:41:33,360 ~-~-> 00:41:38,160
3855		-Pound USD, or what is commonly referred
3856		-
3857		-965
3858		-00:41:38,160 ~-~-> 00:41:40,560
3859		-to in my videos and throughout the Forex
3860		-
3861		-966
3862		-00:41:40,560 ~-~-> 00:41:43,140
3863		-industry as the cable is a monthly
3864		-
3865		-967
3866		-00:41:43,140 ~-~-> 00:41:44,850
3867		-chart. Okay, and we're going to be
3868		-
3869		-968
3870		-00:41:44,850 ~-~-> 00:41:49,320
3871		-discussing primarily the approach to
3872		-
3873		-969
3874		-00:41:49,320 ~-~-> 00:41:52,680
3875		-developing your directional bias and
3876		-
3877		-970
3878		-00:41:53,940 ~-~-> 00:41:57,690
3879		-looking for trades in that direction for
3880		-
3881		-971
3882		-00:41:57,690 ~-~-> 00:41:59,010
3883		-all facets of your trading, whether it
3884		-
3885		-972
3886		-00:41:59,010 ~-~-> 00:42:00,990
3887		-be position trading Swing Trading, short
3888		-
3889		-973
3890		-00:42:00,990 ~-~-> 00:42:02,430
3891		-term trading or day trading or even the
3892		-
3893		-974
3894		-00:42:02,430 ~-~-> 00:42:06,840
3895		-scalper. Again, I like to preface all
3896		-
3897		-975
3898		-00:42:06,840 ~-~-> 00:42:09,930
3899		-these videos with the fact that while I
3900		-
3901		-976
3902		-00:42:09,930 ~-~-> 00:42:14,370
3903		-do comment, rarely on scalping, and
3904		-
3905		-977
3906		-00:42:14,370 ~-~-> 00:42:16,110
3907		-you'll hear it mentioned in this video,
3908		-
3909		-978
3910		-00:42:16,440 ~-~-> 00:42:18,930
3911		-I do not advocate that type of trading
3912		-
3913		-979
3914		-00:42:18,930 ~-~-> 00:42:21,660
3915		-simply because it's too short term. For
3916		-
3917		-980
3918		-00:42:21,660 ~-~-> 00:42:23,430
3919		-my personal taste. It's not to say that
3920		-
3921		-981
3922		-00:42:23,430 ~-~-> 00:42:25,020
3923		-you can't make money. It's not to say
3924		-
3925		-982
3926		-00:42:25,020 ~-~-> 00:42:28,080
3927		-that you can't find consistent setups
3928		-
3929		-983
3930		-00:42:28,080 ~-~-> 00:42:31,170
3931		-with these concepts for scalps, it just
3932		-
3933		-984
3934		-00:42:31,170 ~-~-> 00:42:34,380
3935		-means that it's just not my forte, I
3936		-
3937		-985
3938		-00:42:34,770 ~-~-> 00:42:37,470
3939		-wasted a lot of time and, and lost a lot
3940		-
3941		-986
3942		-00:42:37,470 ~-~-> 00:42:39,540
3943		-of mine doing that, you know, in the
3944		-
3945		-987
3946		-00:42:39,540 ~-~-> 00:42:41,010
3947		-beginning until I really found out what
3948		-
3949		-988
3950		-00:42:41,010 ~-~-> 00:42:45,570
3951		-I was doing. And I just want to add that
3952		-
3953		-989
3954		-00:42:45,810 ~-~-> 00:42:47,820
3955		-every time I mentioned it, because I'm
3956		-
3957		-990
3958		-00:42:47,820 ~-~-> 00:42:51,360
3959		-actually strongly against scalping. And
3960		-
3961		-991
3962		-00:42:51,360 ~-~-> 00:42:55,230
3963		-now my view of scalping is anything less
3964		-
3965		-992
3966		-00:42:55,230 ~-~-> 00:42:57,540
3967		-than 20 pips? So if you can't make 20
3968		-
3969		-993
3970		-00:42:57,540 ~-~-> 00:43:00,660
3971		-pips out of the move, it's By my
3972		-
3973		-994
3974		-00:43:00,660 ~-~-> 00:43:03,900
3975		-definition a scalp okay? So anything 20
3976		-
3977		-995
3978		-00:43:03,930 ~-~-> 00:43:05,460
3979		-pips or greater is what we're looking
3980		-
3981		-996
3982		-00:43:05,460 ~-~-> 00:43:12,120
3983		-for. So that which divides my scalp into
3984		-
3985		-997
3986		-00:43:12,120 ~-~-> 00:43:14,070
3987		-2030 pips is my scalp anything greater
3988		-
3989		-998
3990		-00:43:14,070 ~-~-> 00:43:15,420
3991		-than that's a short term trader day
3992		-
3993		-999
3994		-00:43:15,420 ~-~-> 00:43:17,700
3995		-trade and then obviously moving higher
3996		-
3997		-1000
3998		-00:43:17,700 ~-~-> 00:43:21,540
3999		-up in the realm of, you know, pitfalls
4000		-
4001		-1001
4002		-00:43:21,840 ~-~-> 00:43:24,060
4003		-greater than 100 pips you that's more or
4004		-
4005		-1002
4006		-00:43:24,060 ~-~-> 00:43:26,730
4007		-less in my forte I like looking for
4008		-
4009		-1003
4010		-00:43:26,730 ~-~-> 00:43:28,770
4011		-those types of moves so even if I'm
4012		-
4013		-1004
4014		-00:43:28,770 ~-~-> 00:43:31,080
4015		-wrong hopefully I can get 50% of the
4016		-
4017		-1005
4018		-00:43:31,080 ~-~-> 00:43:33,540
4019		-anticipated range of 100 pips I'm
4020		-
4021		-1006
4022		-00:43:33,540 ~-~-> 00:43:35,940
4023		-looking for which is about 50 pips or
4024		-
4025		-1007
4026		-00:43:35,940 ~-~-> 00:43:38,340
4027		-so. And again a lot of people are
4028		-
4029		-1008
4030		-00:43:38,820 ~-~-> 00:43:40,290
4031		-shocked when I tell them that that's
4032		-
4033		-1009
4034		-00:43:40,770 ~-~-> 00:43:42,360
4035		-really all I'm looking for for the week,
4036		-
4037		-1010
4038		-00:43:42,390 ~-~-> 00:43:44,700
4039		-you know, 50 to 75 pips a week, that's
4040		-
4041		-1011
4042		-00:43:44,700 ~-~-> 00:43:47,790
4043		-all I'm looking for. So, again, have
4044		-
4045		-1012
4046		-00:43:47,790 ~-~-> 00:43:49,620
4047		-that in your notebook, you do not need a
4048		-
4049		-1013
4050		-00:43:49,620 ~-~-> 00:43:51,930
4051		-lot of pips to make a lot of money. You
4052		-
4053		-1014
4054		-00:43:51,930 ~-~-> 00:43:53,370
4055		-don't need a lot of pips to build
4056		-
4057		-1015
4058		-00:43:53,370 ~-~-> 00:43:55,530
4059		-wealth. You just need time and
4060		-
4061		-1016
4062		-00:43:55,530 ~-~-> 00:43:57,180
4063		-consistently doing the same thing over
4064		-
4065		-1017
4066		-00:43:57,180 ~-~-> 00:44:00,120
4067		-and over again. That works. Okay. We're
4068		-
4069		-1018
4070		-00:44:00,120 ~-~-> 00:44:01,800
4071		-going to be talking about all of the
4072		-
4073		-1019
4074		-00:44:01,890 ~-~-> 00:44:03,510
4075		-concepts that we've discussed over the
4076		-
4077		-1020
4078		-00:44:03,510 ~-~-> 00:44:07,260
4079		-last three years on baby pips, all of
4080		-
4081		-1021
4082		-00:44:07,260 ~-~-> 00:44:10,170
4083		-the videos that discussed with top down
4084		-
4085		-1022
4086		-00:44:10,170 ~-~-> 00:44:12,540
4087		-analysis, you have to revisit those
4088		-
4089		-1023
4090		-00:44:12,540 ~-~-> 00:44:14,610
4091		-guys, if you haven't studied those and
4092		-
4093		-1024
4094		-00:44:14,610 ~-~-> 00:44:18,780
4095		-haven't really ingrain those primary
4096		-
4097		-1025
4098		-00:44:19,500 ~-~-> 00:44:23,250
4099		-steps as a technical analysis, trader,
4100		-
4101		-1026
4102		-00:44:23,490 ~-~-> 00:44:25,380
4103		-you have to go back to that, okay,
4104		-
4105		-1027
4106		-00:44:25,380 ~-~-> 00:44:27,450
4107		-because that's the route to successful
4108		-
4109		-1028
4110		-00:44:27,450 ~-~-> 00:44:29,370
4111		-trading, you have to have top down
4112		-
4113		-1029
4114		-00:44:29,520 ~-~-> 00:44:33,210
4115		-perspective. to limit the amount of
4116		-
4117		-1030
4118		-00:44:33,210 ~-~-> 00:44:35,670
4119		-false signals you would just inherently
4120		-
4121		-1031
4122		-00:44:35,670 ~-~-> 00:44:37,140
4123		-find if you just were staring at the
4124		-
4125		-1032
4126		-00:44:37,170 ~-~-> 00:44:38,820
4127		-lower timeframes more than five minute
4128		-
4129		-1033
4130		-00:44:38,820 ~-~-> 00:44:41,190
4131		-charts, which is predominantly what most
4132		-
4133		-1034
4134		-00:44:41,190 ~-~-> 00:44:43,440
4135		-novice and or new traders do, because
4136		-
4137		-1035
4138		-00:44:43,440 ~-~-> 00:44:44,670
4139		-they think they're closer to the market
4140		-
4141		-1036
4142		-00:44:44,670 ~-~-> 00:44:46,020
4143		-so therefore, the new trades are gonna
4144		-
4145		-1037
4146		-00:44:46,020 ~-~-> 00:44:49,860
4147		-be easier to see. And what's ironically
4148		-
4149		-1038
4150		-00:44:50,280 ~-~-> 00:44:52,140
4151		-seen is that they go away with thinking
4152		-
4153		-1039
4154		-00:44:52,170 ~-~-> 00:44:55,830
4155		-forex and trading by any asset classes
4156		-
4157		-1040
4158		-00:44:56,010 ~-~-> 00:44:58,530
4159		-too difficult or by their definition,
4160		-
4161		-1041
4162		-00:44:58,530 ~-~-> 00:45:01,260
4163		-that they lose their accounts. Less than
4164		-
4165		-1042
4166		-00:45:01,290 ~-~-> 00:45:04,080
4167		-90 days, typically, they'll say that no
4168		-
4169		-1043
4170		-00:45:04,080 ~-~-> 00:45:06,900
4171		-one ever makes money. And hopefully you
4172		-
4173		-1044
4174		-00:45:06,900 ~-~-> 00:45:08,580
4175		-guys can see that that's not entirely
4176		-
4177		-1045
4178		-00:45:08,580 ~-~-> 00:45:09,720
4179		-true. There's people out there that do
4180		-
4181		-1046
4182		-00:45:09,720 ~-~-> 00:45:12,360
4183		-make good livings. And my goal is to
4184		-
4185		-1047
4186		-00:45:12,360 ~-~-> 00:45:15,390
4187		-help you do that. Okay? So, again, I'm
4188		-
4189		-1048
4190		-00:45:15,390 ~-~-> 00:45:17,040
4191		-not a CPA, I'm not licensed to give you
4192		-
4193		-1049
4194		-00:45:17,040 ~-~-> 00:45:18,660
4195		-trade advice. These are just ideas to
4196		-
4197		-1050
4198		-00:45:18,660 ~-~-> 00:45:20,940
4199		-help stimulate some decision making on
4200		-
4201		-1051
4202		-00:45:20,940 ~-~-> 00:45:24,840
4203		-your part. Yeah, everything we're
4204		-
4205		-1052
4206		-00:45:24,840 ~-~-> 00:45:26,430
4207		-discussing in these videos, you have to
4208		-
4209		-1053
4210		-00:45:26,940 ~-~-> 00:45:29,130
4211		-take the responsibility and the profits
4212		-
4213		-1054
4214		-00:45:29,130 ~-~-> 00:45:31,800
4215		-and the losses are yours, not mine. And
4216		-
4217		-1055
4218		-00:45:31,800 ~-~-> 00:45:32,790
4219		-I don't want to credit for your
4220		-
4221		-1056
4222		-00:45:32,790 ~-~-> 00:45:35,070
4223		-winnings. I don't certainly want any
4224		-
4225		-1057
4226		-00:45:35,070 ~-~-> 00:45:37,470
4227		-credit for your losses. So practice in a
4228		-
4229		-1058
4230		-00:45:37,470 ~-~-> 00:45:39,330
4231		-demo account and build a confidence that
4232		-
4233		-1059
4234		-00:45:39,330 ~-~-> 00:45:40,620
4235		-you need and you determine whether or
4236		-
4237		-1060
4238		-00:45:40,620 ~-~-> 00:45:42,540
4239		-not these are going to be valuable
4240		-
4241		-1061
4242		-00:45:42,540 ~-~-> 00:45:46,170
4243		-concepts or advantageous for you to use
4244		-
4245		-1062
4246		-00:45:46,170 ~-~-> 00:45:48,330
4247		-with real money. And if you if you're
4248		-
4249		-1063
4250		-00:45:48,330 ~-~-> 00:45:49,710
4251		-successful, great, I'd love to hear your
4252		-
4253		-1064
4254		-00:45:49,710 ~-~-> 00:45:52,080
4255		-story, but don't thank me for because
4256		-
4257		-1065
4258		-00:45:52,080 ~-~-> 00:45:53,580
4259		-I'm the one executing the trades.
4260		-
4261		-1066
4262		-00:45:54,840 ~-~-> 00:45:56,460
4263		-Alright, so let's take a look at our
4264		-
4265		-1067
4266		-00:45:56,460 ~-~-> 00:45:58,830
4267		-first trading style and how we can
4268		-
4269		-1068
4270		-00:45:58,860 ~-~-> 00:46:01,980
4271		-arrive at a top Down approach. And it's
4272		-
4273		-1069
4274		-00:46:01,980 ~-~-> 00:46:03,660
4275		-going to be similar to a lot of the
4276		-
4277		-1070
4278		-00:46:04,230 ~-~-> 00:46:06,360
4279		-higher timeframe views here. But I'm
4280		-
4281		-1071
4282		-00:46:06,360 ~-~-> 00:46:08,190
4283		-really bringing you back to what's
4284		-
4285		-1072
4286		-00:46:08,190 ~-~-> 00:46:10,590
4287		-essential in terms of having a
4288		-
4289		-1073
4290		-00:46:10,590 ~-~-> 00:46:12,420
4291		-directional bias because I get a million
4292		-
4293		-1074
4294		-00:46:12,420 ~-~-> 00:46:14,460
4295		-emails, okay. And you see it always
4296		-
4297		-1075
4298		-00:46:14,460 ~-~-> 00:46:17,010
4299		-creeping up on forums. You know, how do
4300		-
4301		-1076
4302		-00:46:17,010 ~-~-> 00:46:18,930
4303		-I know which way to trade? You know, if
4304		-
4305		-1077
4306		-00:46:18,930 ~-~-> 00:46:20,970
4307		-I just knew that I'd make a million
4308		-
4309		-1078
4310		-00:46:20,970 ~-~-> 00:46:25,050
4311		-dollars every year, okay. And it's, it's
4312		-
4313		-1079
4314		-00:46:25,140 ~-~-> 00:46:27,510
4315		-a lot easier than you think guys and
4316		-
4317		-1080
4318		-00:46:27,600 ~-~-> 00:46:29,100
4319		-it's unfortunate. You have to
4320		-
4321		-1081
4322		-00:46:29,460 ~-~-> 00:46:32,130
4323		-overcomplicate it. And I'm not laughing
4324		-
4325		-1082
4326		-00:46:32,130 ~-~-> 00:46:34,560
4327		-at you because I did the same thing. As
4328		-
4329		-1083
4330		-00:46:34,560 ~-~-> 00:46:37,980
4331		-SMP trader, years and years ago. I had
4332		-
4333		-1084
4334		-00:46:37,980 ~-~-> 00:46:40,110
4335		-that same thinking. If I could just get
4336		-
4337		-1085
4338		-00:46:40,110 ~-~-> 00:46:43,410
4339		-to the point of your directional bias,
4340		-
4341		-1086
4342		-00:46:43,440 ~-~-> 00:46:45,810
4343		-what should I be doing today? If I just
4344		-
4345		-1087
4346		-00:46:45,810 ~-~-> 00:46:47,940
4347		-knew that I'll be alright analysis
4348		-
4349		-1088
4350		-00:46:47,940 ~-~-> 00:46:49,680
4351		-trying to catch you two three handles
4352		-
4353		-1089
4354		-00:46:49,710 ~-~-> 00:46:52,740
4355		-intraday for the s&p, and when they're
4356		-
4357		-1090
4358		-00:46:52,740 ~-~-> 00:46:54,990
4359		-$500 per point, that's a good living if
4360		-
4361		-1091
4362		-00:46:54,990 ~-~-> 00:46:57,870
4363		-you catch a couple of them a week. So if
4364		-
4365		-1092
4366		-00:46:58,710 ~-~-> 00:47:01,620
4367		-you are in that rut in your trading or
4368		-
4369		-1093
4370		-00:47:01,620 ~-~-> 00:47:03,540
4371		-if you just started and you've always
4372		-
4373		-1094
4374		-00:47:03,540 ~-~-> 00:47:05,070
4375		-wondered, you have two technical
4376		-
4377		-1095
4378		-00:47:05,520 ~-~-> 00:47:09,480
4379		-traders, you arrive at you the bias for
4380		-
4381		-1096
4382		-00:47:09,480 ~-~-> 00:47:11,520
4383		-today, you know whether they be a bull
4384		-
4385		-1097
4386		-00:47:11,520 ~-~-> 00:47:14,700
4387		-or bear for the day. Okay? And I kind of
4388		-
4389		-1098
4390		-00:47:14,700 ~-~-> 00:47:16,320
4391		-want to more or less take you away from
4392		-
4393		-1099
4394		-00:47:16,320 ~-~-> 00:47:18,180
4395		-that definition of whether Are you a
4396		-
4397		-1100
4398		-00:47:18,180 ~-~-> 00:47:21,150
4399		-bull or bear? Okay? You're neither,
4400		-
4401		-1101
4402		-00:47:21,510 ~-~-> 00:47:24,120
4403		-okay, you're neither one because you
4404		-
4405		-1102
4406		-00:47:24,120 ~-~-> 00:47:25,530
4407		-want to be able to go into the
4408		-
4409		-1103
4410		-00:47:25,530 ~-~-> 00:47:28,650
4411		-marketplace and just arrive at what you
4412		-
4413		-1104
4414		-00:47:28,650 ~-~-> 00:47:32,100
4415		-need to be doing at the time. You trade.
4416		-
4417		-1105
4418		-00:47:32,430 ~-~-> 00:47:33,840
4419		-Okay, whatever that timeframe is,
4420		-
4421		-1106
4422		-00:47:33,840 ~-~-> 00:47:37,050
4423		-whatever that that framework and always
4424		-
4425		-1107
4426		-00:47:37,050 ~-~-> 00:47:38,460
4427		-if you're a position trader, which is
4428		-
4429		-1108
4430		-00:47:38,460 ~-~-> 00:47:40,410
4431		-what we're starting with, your trades
4432		-
4433		-1109
4434		-00:47:40,410 ~-~-> 00:47:43,320
4435		-are going to be derived from finding the
4436		-
4437		-1110
4438		-00:47:43,320 ~-~-> 00:47:45,540
4439		-monthly, weekly and daily market
4440		-
4441		-1111
4442		-00:47:45,540 ~-~-> 00:47:46,950
4443		-structure, key support resistance
4444		-
4445		-1112
4446		-00:47:46,950 ~-~-> 00:47:48,810
4447		-levels, and that's going to be your top
4448		-
4449		-1113
4450		-00:47:48,810 ~-~-> 00:47:51,840
4451		-down approach. Okay? But even if you're
4452		-
4453		-1114
4454		-00:47:51,840 ~-~-> 00:47:54,540
4455		-not a position trader, you still want to
4456		-
4457		-1115
4458		-00:47:54,540 ~-~-> 00:47:56,550
4459		-start here because it's going to be
4460		-
4461		-1116
4462		-00:47:56,790 ~-~-> 00:47:59,010
4463		-highly advantageous to you as a trader.
4464		-
4465		-1117
4466		-00:47:59,220 ~-~-> 00:48:00,750
4467		-Even if you are dating You're a scalper
4468		-
4469		-1118
4470		-00:48:00,750 ~-~-> 00:48:02,730
4471		-because you're going to see a lot of the
4472		-
4473		-1119
4474		-00:48:02,730 ~-~-> 00:48:06,210
4475		-moves that are really wild, the
4476		-
4477		-1120
4478		-00:48:06,240 ~-~-> 00:48:10,410
4479		-explosive moves one way intraday, they
4480		-
4481		-1121
4482		-00:48:10,470 ~-~-> 00:48:15,750
4483		-are always, always seen with the
4484		-
4485		-1122
4486		-00:48:15,750 ~-~-> 00:48:17,550
4487		-institutional sponsorship that's being
4488		-
4489		-1123
4490		-00:48:18,060 ~-~-> 00:48:20,130
4491		-seen with the hard timeframe directional
4492		-
4493		-1124
4494		-00:48:20,130 ~-~-> 00:48:21,630
4495		-bias. So it's important that you
4496		-
4497		-1125
4498		-00:48:21,630 ~-~-> 00:48:25,680
4499		-understand that it's not a boring or
4500		-
4501		-1126
4502		-00:48:25,680 ~-~-> 00:48:28,380
4503		-waste of time for you to be doing
4504		-
4505		-1127
4506		-00:48:28,680 ~-~-> 00:48:30,210
4507		-analysis on these higher timeframe
4508		-
4509		-1128
4510		-00:48:30,210 ~-~-> 00:48:33,630
4511		-charts because it's essential for you to
4512		-
4513		-1129
4514		-00:48:33,810 ~-~-> 00:48:36,090
4515		-have this perspective, if you really
4516		-
4517		-1130
4518		-00:48:36,090 ~-~-> 00:48:37,770
4519		-want to be catching and ferreting out
4520		-
4521		-1131
4522		-00:48:37,770 ~-~-> 00:48:39,930
4523		-these explosive moves in the marketplace
4524		-
4525		-1132
4526		-00:48:39,930 ~-~-> 00:48:42,240
4527		-because when you get ahold of one, it's
4528		-
4529		-1133
4530		-00:48:42,240 ~-~-> 00:48:45,480
4531		-absolutely mind blowing how fast you can
4532		-
4533		-1134
4534		-00:48:45,570 ~-~-> 00:48:48,060
4535		-build up pips get really handsome
4536		-
4537		-1135
4538		-00:48:48,090 ~-~-> 00:48:51,780
4539		-intraday wins. And it feels wonderful to
4540		-
4541		-1136
4542		-00:48:51,780 ~-~-> 00:48:53,220
4543		-be on the right side of the market. And
4544		-
4545		-1137
4546		-00:48:53,220 ~-~-> 00:48:54,450
4547		-if you could do that consistently over a
4548		-
4549		-1138
4550		-00:48:54,450 ~-~-> 00:48:56,430
4551		-period of time, even if you're 50% of
4552		-
4553		-1139
4554		-00:48:56,430 ~-~-> 00:48:59,550
4555		-the time, right, and you have good risk
4556		-
4557		-1140
4558		-00:48:59,550 ~-~-> 00:49:02,070
4559		-management protocol's you will
4560		-
4561		-1141
4562		-00:49:02,070 ~-~-> 00:49:05,190
4563		-absolutely weather the storms of being
4564		-
4565		-1142
4566		-00:49:05,190 ~-~-> 00:49:07,770
4567		-wrong half the time. And I think by
4568		-
4569		-1143
4570		-00:49:07,770 ~-~-> 00:49:08,760
4571		-doing this, you'll find that your
4572		-
4573		-1144
4574		-00:49:08,760 ~-~-> 00:49:10,110
4575		-trading actually a little bit more
4576		-
4577		-1145
4578		-00:49:10,110 ~-~-> 00:49:12,810
4579		-accurate than 50%. And you can be wildly
4580		-
4581		-1146
4582		-00:49:12,810 ~-~-> 00:49:16,020
4583		-profitable with just 33% accuracy. But
4584		-
4585		-1147
4586		-00:49:16,020 ~-~-> 00:49:19,770
4587		-if you have 50 to 70%, you enter a new
4588		-
4589		-1148
4590		-00:49:20,340 ~-~-> 00:49:22,950
4591		-realm in terms of profitability. And
4592		-
4593		-1149
4594		-00:49:22,950 ~-~-> 00:49:24,870
4595		-then obviously, once you have a, you
4596		-
4597		-1150
4598		-00:49:24,870 ~-~-> 00:49:26,430
4599		-know, higher timeframe perspective and
4600		-
4601		-1151
4602		-00:49:26,430 ~-~-> 00:49:28,170
4603		-you are more dynamic with your lower
4604		-
4605		-1152
4606		-00:49:28,170 ~-~-> 00:49:31,050
4607		-timeframe analysis concepts, it's it's
4608		-
4609		-1153
4610		-00:49:31,320 ~-~-> 00:49:34,890
4611		-not on attainable to reach the 70 to
4612		-
4613		-1154
4614		-00:49:34,890 ~-~-> 00:49:37,890
4615		-even 90% accuracy level. Now, obviously,
4616		-
4617		-1155
4618		-00:49:37,890 ~-~-> 00:49:39,150
4619		-you'll go into a tailspin once in a
4620		-
4621		-1156
4622		-00:49:39,150 ~-~-> 00:49:41,730
4623		-while, and you have to prepare for that
4624		-
4625		-1157
4626		-00:49:41,730 ~-~-> 00:49:43,950
4627		-next May materialize in the form of a
4628		-
4629		-1158
4630		-00:49:43,950 ~-~-> 00:49:48,690
4631		-losing streak or just, you know, a bad
4632		-
4633		-1159
4634		-00:49:48,690 ~-~-> 00:49:50,700
4635		-run, okay, and it could be seasonally
4636		-
4637		-1160
4638		-00:49:50,730 ~-~-> 00:49:53,160
4639		-inspired. Like this time of year. I'm
4640		-
4641		-1161
4642		-00:49:53,160 ~-~-> 00:49:54,780
4643		-really not that aggressive in trading,
4644		-
4645		-1162
4646		-00:49:54,810 ~-~-> 00:49:56,130
4647		-you know, it's the end of the year, it's
4648		-
4649		-1163
4650		-00:49:56,130 ~-~-> 00:49:58,980
4651		-around the holidays. So I'll scale back
4652		-
4653		-1164
4654		-00:49:58,980 ~-~-> 00:50:00,690
4655		-and or take money. Completely at the
4656		-
4657		-1165
4658		-00:50:00,690 ~-~-> 00:50:03,090
4659		-marketplace and that I've done that, and
4660		-
4661		-1166
4662		-00:50:03,120 ~-~-> 00:50:04,590
4663		-there's an admin, follow me on the
4664		-
4665		-1167
4666		-00:50:04,590 ~-~-> 00:50:06,870
4667		-forums know that I'm completely out of
4668		-
4669		-1168
4670		-00:50:06,870 ~-~-> 00:50:13,350
4671		-market right now. And if you have just
4672		-
4673		-1169
4674		-00:50:13,410 ~-~-> 00:50:15,030
4675		-arrived at what type of trader you are,
4676		-
4677		-1170
4678		-00:50:16,800 ~-~-> 00:50:19,080
4679		-this module here, you know, what we're
4680		-
4681		-1171
4682		-00:50:19,080 ~-~-> 00:50:23,010
4683		-talking about now is going to be very
4684		-
4685		-1172
4686		-00:50:24,030 ~-~-> 00:50:27,240
4687		-influential in terms of as a reference,
4688		-
4689		-1173
4690		-00:50:27,240 ~-~-> 00:50:29,370
4691		-go back to this periodically, okay, at
4692		-
4693		-1174
4694		-00:50:29,370 ~-~-> 00:50:31,290
4695		-least once a month, come back to this
4696		-
4697		-1175
4698		-00:50:31,320 ~-~-> 00:50:33,360
4699		-video every single month while you're
4700		-
4701		-1176
4702		-00:50:33,360 ~-~-> 00:50:35,130
4703		-trading at least, if you're brand new
4704		-
4705		-1177
4706		-00:50:35,130 ~-~-> 00:50:36,630
4707		-trader, and you just started doing
4708		-
4709		-1178
4710		-00:50:37,620 ~-~-> 00:50:38,700
4711		-technical analysis, and you've been
4712		-
4713		-1179
4714		-00:50:38,700 ~-~-> 00:50:40,830
4715		-following us for a short period of time.
4716		-
4717		-1180
4718		-00:50:42,150 ~-~-> 00:50:43,920
4719		-Go back to this as a framework, okay,
4720		-
4721		-1181
4722		-00:50:43,920 ~-~-> 00:50:46,170
4723		-and it'll help you break down the
4724		-
4725		-1182
4726		-00:50:46,170 ~-~-> 00:50:48,180
4727		-market. You look at the market in a
4728		-
4729		-1183
4730		-00:50:48,180 ~-~-> 00:50:50,130
4731		-structured approach modularly and you'll
4732		-
4733		-1184
4734		-00:50:50,130 ~-~-> 00:50:51,810
4735		-be able to see that directional bias is
4736		-
4737		-1185
4738		-00:50:51,810 ~-~-> 00:50:54,000
4739		-absolutely not hard at all. It just
4740		-
4741		-1186
4742		-00:50:54,000 ~-~-> 00:50:56,190
4743		-requires you to be patient to see the
4744		-
4745		-1187
4746		-00:50:56,190 ~-~-> 00:50:57,960
4747		-setups that line up with the higher time
4748		-
4749		-1188
4750		-00:50:57,960 ~-~-> 00:51:00,540
4751		-frame premise. Okay, so, let's be Again,
4752		-
4753		-1189
4754		-00:51:00,570 ~-~-> 00:51:05,520
4755		-with arriving at a very simple approach
4756		-
4757		-1190
4758		-00:51:05,520 ~-~-> 00:51:07,140
4759		-to directional bias and top down
4760		-
4761		-1191
4762		-00:51:07,140 ~-~-> 00:51:09,720
4763		-approach. Alright, we're going to talk
4764		-
4765		-1192
4766		-00:51:09,720 ~-~-> 00:51:13,800
4767		-about the summer of 2012. Okay, and I'm
4768		-
4769		-1193
4770		-00:51:13,800 ~-~-> 00:51:15,180
4771		-not cherry picking because if you've
4772		-
4773		-1194
4774		-00:51:15,180 ~-~-> 00:51:17,010
4775		-been following me on YouTube and on baby
4776		-
4777		-1195
4778		-00:51:17,010 ~-~-> 00:51:19,320
4779		-pips, I actually called the bottom in
4780		-
4781		-1196
4782		-00:51:19,320 ~-~-> 00:51:20,970
4783		-the marketplace on both the fiber and
4784		-
4785		-1197
4786		-00:51:20,970 ~-~-> 00:51:23,340
4787		-cable before it actually happened. And
4788		-
4789		-1198
4790		-00:51:23,340 ~-~-> 00:51:25,830
4791		-it's all video documented, I even gave
4792		-
4793		-1199
4794		-00:51:25,830 ~-~-> 00:51:26,850
4795		-you the price levels where it's going to
4796		-
4797		-1200
4798		-00:51:26,850 ~-~-> 00:51:28,410
4799		-go and where it was going to go once it
4800		-
4801		-1201
4802		-00:51:28,410 ~-~-> 00:51:31,290
4803		-reversed on the upside. Okay, so, you'll
4804		-
4805		-1202
4806		-00:51:31,290 ~-~-> 00:51:32,880
4807		-see a lot of these levels talked about
4808		-
4809		-1203
4810		-00:51:32,880 ~-~-> 00:51:34,500
4811		-here, and you'll be able to see those
4812		-
4813		-1204
4814		-00:51:34,500 ~-~-> 00:51:36,990
4815		-things actually done on a daily
4816		-
4817		-1205
4818		-00:51:37,320 ~-~-> 00:51:39,750
4819		-breakdown on analysis in advance on my
4820		-
4821		-1206
4822		-00:51:39,750 ~-~-> 00:51:42,630
4823		-YouTube channel. Okay, so, again, I want
4824		-
4825		-1207
4826		-00:51:42,630 ~-~-> 00:51:45,000
4827		-to stick to things that you see me
4828		-
4829		-1208
4830		-00:51:45,000 ~-~-> 00:51:47,820
4831		-actually talk about and apply. So that
4832		-
4833		-1209
4834		-00:51:47,820 ~-~-> 00:51:49,710
4835		-way, it's not like well, you know, it's
4836		-
4837		-1210
4838		-00:51:49,710 ~-~-> 00:51:51,330
4839		-great on the left side chart notes guys,
4840		-
4841		-1211
4842		-00:51:51,330 ~-~-> 00:51:55,050
4843		-these are actual analysis that I did in
4844		-
4845		-1212
4846		-00:51:55,050 ~-~-> 00:51:56,760
4847		-advance. Okay, so I'm not making this
4848		-
4849		-1213
4850		-00:51:56,760 ~-~-> 00:51:58,350
4851		-stuff up. Not put lipstick on a pig so
4852		-
4853		-1214
4854		-00:51:58,350 ~-~-> 00:52:00,240
4855		-you guys can be impressed with the Less
4856		-
4857		-1215
4858		-00:52:00,240 ~-~-> 00:52:01,650
4859		-on the chart. We're talking about
4860		-
4861		-1216
4862		-00:52:01,650 ~-~-> 00:52:03,930
4863		-something that has been documented
4864		-
4865		-1217
4866		-00:52:03,930 ~-~-> 00:52:06,660
4867		-before it happened. Okay. So now let's
4868		-
4869		-1218
4870		-00:52:06,660 ~-~-> 00:52:08,400
4871		-talk about the fact that obviously we're
4872		-
4873		-1219
4874		-00:52:08,400 ~-~-> 00:52:12,750
4875		-going to briefly introduce, again, the
4876		-
4877		-1220
4878		-00:52:12,750 ~-~-> 00:52:14,190
4879		-seasonal tendency, there's a seasonal
4880		-
4881		-1221
4882		-00:52:14,190 ~-~-> 00:52:17,520
4883		-tendency for the markets to create a low
4884		-
4885		-1222
4886		-00:52:17,910 ~-~-> 00:52:20,430
4887		-in the summertime. Okay? I'm not going
4888		-
4889		-1223
4890		-00:52:20,430 ~-~-> 00:52:22,530
4891		-to go over that here. That's all in the
4892		-
4893		-1224
4894		-00:52:22,860 ~-~-> 00:52:25,740
4895		-introductory video series that I did on
4896		-
4897		-1225
4898		-00:52:26,040 ~-~-> 00:52:28,320
4899		-baby pips just check out that first
4900		-
4901		-1226
4902		-00:52:28,320 ~-~-> 00:52:30,510
4903		-thread. It's wildly popular right now.
4904		-
4905		-1227
4906		-00:52:32,580 ~-~-> 00:52:34,140
4907		-What every new and or aspiring forex
4908		-
4909		-1228
4910		-00:52:34,140 ~-~-> 00:52:35,850
4911		-trader still wants to know, if you go to
4912		-
4913		-1229
4914		-00:52:35,850 ~-~-> 00:52:38,250
4915		-the first page of that thread. The very,
4916		-
4917		-1230
4918		-00:52:38,250 ~-~-> 00:52:40,830
4919		-very, very, very, very single first post
4920		-
4921		-1231
4922		-00:52:40,830 ~-~-> 00:52:43,290
4923		-of that thread is an index list of all
4924		-
4925		-1232
4926		-00:52:43,290 ~-~-> 00:52:46,020
4927		-the videos and resources that I more or
4928		-
4929		-1233
4930		-00:52:46,020 ~-~-> 00:52:48,450
4931		-less shared with the community on baby
4932		-
4933		-1234
4934		-00:52:48,450 ~-~-> 00:52:50,040
4935		-pips Now there's a couple nuggets that
4936		-
4937		-1235
4938		-00:52:50,040 ~-~-> 00:52:52,320
4939		-are hidden throughout the thread. And
4940		-
4941		-1236
4942		-00:52:52,320 ~-~-> 00:52:53,910
4943		-that's for the folks to have the
4944		-
4945		-1237
4946		-00:52:54,150 ~-~-> 00:52:56,790
4947		-tenacity to execute through the
4948		-
4949		-1238
4950		-00:52:57,990 ~-~-> 00:53:00,000
4951		-monstrous amount of pages to go through.
4952		-
4953		-1239
4954		-00:53:00,000 ~-~-> 00:53:02,700
4955		-Do that. But you know, you don't have
4956		-
4957		-1240
4958		-00:53:02,700 ~-~-> 00:53:05,640
4959		-to. But I think if you find them to do a
4960		-
4961		-1241
4962		-00:53:05,640 ~-~-> 00:53:06,930
4963		-nice little easter eggs to get a hold
4964		-
4965		-1242
4966		-00:53:06,930 ~-~-> 00:53:10,230
4967		-off, got a lot of insight to it. So we
4968		-
4969		-1243
4970		-00:53:10,230 ~-~-> 00:53:12,510
4971		-have a seasonal tendency to expect a low
4972		-
4973		-1244
4974		-00:53:12,510 ~-~-> 00:53:16,140
4975		-to form in the British pound the euro.
4976		-
4977		-1245
4978		-00:53:20,100 ~-~-> 00:53:21,240
4979		-Again, we're not going to go over that
4980		-
4981		-1246
4982		-00:53:21,240 ~-~-> 00:53:22,710
4983		-here as far as why it's a seasonal
4984		-
4985		-1247
4986		-00:53:22,710 ~-~-> 00:53:23,940
4987		-tendency to go up. Because I've
4988		-
4989		-1248
4990		-00:53:23,940 ~-~-> 00:53:25,140
4991		-discussed the other place I don't want
4992		-
4993		-1249
4994		-00:53:25,140 ~-~-> 00:53:26,910
4995		-to spend too much time with all the
4996		-
4997		-1250
4998		-00:53:26,910 ~-~-> 00:53:28,110
4999		-things that we've already talked about,
5000		-
5001		-1251
5002		-00:53:28,110 ~-~-> 00:53:32,010
5003		-but here is the load that we're gonna
5004		-
5005		-1252
5006		-00:53:32,010 ~-~-> 00:53:36,210
5007		-actually talk about. Okay, and that low
5008		-
5009		-1253
5010		-00:53:36,720 ~-~-> 00:53:39,600
5011		-is in the summer of this year, which is
5012		-
5013		-1254
5014		-00:53:39,600 ~-~-> 00:53:42,960
5015		-2012. And it's actually the June low.
5016		-
5017		-1255
5018		-00:53:43,350 ~-~-> 00:53:46,500
5019		-Okay, so the actual low formed in cable
5020		-
5021		-1256
5022		-00:53:46,500 ~-~-> 00:53:49,050
5023		-was on the month of June. Now, what I
5024		-
5025		-1257
5026		-00:53:49,050 ~-~-> 00:53:50,220
5027		-want to draw your attention to is the
5028		-
5029		-1258
5030		-00:53:50,220 ~-~-> 00:53:51,810
5031		-fact that if you'll go to the left side
5032		-
5033		-1259
5034		-00:53:51,810 ~-~-> 00:53:53,220
5035		-of your chart here, it's a little bit
5036		-
5037		-1260
5038		-00:53:53,880 ~-~-> 00:53:56,490
5039		-see all these lows in here. Okay, and
5040		-
5041		-1261
5042		-00:53:56,490 ~-~-> 00:53:59,100
5043		-see the lows over here. Now look at the
5044		-
5045		-1262
5046		-00:53:59,100 ~-~-> 00:54:02,940
5047		-bodies of the candles here. And look at
5048		-
5049		-1263
5050		-00:54:02,940 ~-~-> 00:54:05,490
5051		-the lows over here. If you stretch on
5052		-
5053		-1264
5054		-00:54:05,490 ~-~-> 00:54:07,050
5055		-over all the way over here, you can see
5056		-
5057		-1265
5058		-00:54:07,050 ~-~-> 00:54:09,090
5059		-this consolidation around that same area
5060		-
5061		-1266
5062		-00:54:09,090 ~-~-> 00:54:11,970
5063		-here. Okay? So what we're doing is we're
5064		-
5065		-1267
5066		-00:54:11,970 ~-~-> 00:54:16,830
5067		-going to identify a level of key
5068		-
5069		-1268
5070		-00:54:16,830 ~-~-> 00:54:20,760
5071		-resistance and support. Okay? So
5072		-
5073		-1269
5074		-00:54:20,940 ~-~-> 00:54:22,350
5075		-obviously, we're going to be just
5076		-
5077		-1270
5078		-00:54:22,350 ~-~-> 00:54:24,750
5079		-eyeballing it initially. And you have
5080		-
5081		-1271
5082		-00:54:24,750 ~-~-> 00:54:28,890
5083		-the 152 10 level, which is essentially
5084		-
5085		-1272
5086		-00:54:28,890 ~-~-> 00:54:32,310
5087		-this level here. Actual level for this
5088		-
5089		-1273
5090		-00:54:32,310 ~-~-> 00:54:35,730
5091		-data fee is 152 32. So essentially it's
5092		-
5093		-1274
5094		-00:54:35,730 ~-~-> 00:54:40,290
5095		-around the 152 30 level. Okay, so we
5096		-
5097		-1275
5098		-00:54:40,290 ~-~-> 00:54:45,630
5099		-could use the 152 50 in that area and
5100		-
5101		-1276
5102		-00:54:45,630 ~-~-> 00:54:47,970
5103		-this one, just again, ballpark it here.
5104		-
5105		-1277
5106		-00:54:48,420 ~-~-> 00:54:51,390
5107		-So here's 152 57. Okay, and you can see
5108		-
5109		-1278
5110		-00:54:51,390 ~-~-> 00:54:53,130
5111		-how there's a whole lot of
5112		-
5113		-1279
5114		-00:54:54,450 ~-~-> 00:54:56,820
5115		-tug of war back around that same level.
5116		-
5117		-1280
5118		-00:54:56,820 ~-~-> 00:54:57,870
5119		-If you go back over here you see the
5120		-
5121		-1281
5122		-00:54:57,870 ~-~-> 00:54:59,340
5123		-bodies of the candles and the wicks
5124		-
5125		-1282
5126		-00:54:59,340 ~-~-> 00:55:00,960
5127		-trying to reach for that. level. And
5128		-
5129		-1283
5130		-00:55:00,960 ~-~-> 00:55:05,190
5131		-again, the 152 50 is a mid figure level
5132		-
5133		-1284
5134		-00:55:05,190 ~-~-> 00:55:07,200
5135		-that we'd like to talk about. Alright,
5136		-
5137		-1285
5138		-00:55:07,200 ~-~-> 00:55:09,660
5139		-so we would expect reasonably to see
5140		-
5141		-1286
5142		-00:55:09,660 ~-~-> 00:55:11,370
5143		-some sort of a bounce around that mid
5144		-
5145		-1287
5146		-00:55:11,370 ~-~-> 00:55:13,500
5147		-figure, and around the large full
5148		-
5149		-1288
5150		-00:55:13,500 ~-~-> 00:55:17,760
5151		-figures 150 to even 153 even. But notice
5152		-
5153		-1289
5154		-00:55:17,760 ~-~-> 00:55:18,930
5155		-that we have a whole lot of action
5156		-
5157		-1290
5158		-00:55:18,930 ~-~-> 00:55:23,610
5159		-around that 152 50 level. Okay? So what
5160		-
5161		-1291
5162		-00:55:23,610 ~-~-> 00:55:24,480
5163		-we're doing is, is we're actually
5164		-
5165		-1292
5166		-00:55:24,480 ~-~-> 00:55:28,380
5167		-looking at this low here, the lows in
5168		-
5169		-1293
5170		-00:55:28,380 ~-~-> 00:55:30,870
5171		-here, goodbyes at a candle in here. This
5172		-
5173		-1294
5174		-00:55:30,870 ~-~-> 00:55:33,780
5175		-is a level of consolidation, where
5176		-
5177		-1295
5178		-00:55:33,780 ~-~-> 00:55:36,720
5179		-there's a few short term lows that could
5180		-
5181		-1296
5182		-00:55:36,720 ~-~-> 00:55:39,870
5183		-have been used for probable areas of
5184		-
5185		-1297
5186		-00:55:39,870 ~-~-> 00:55:41,910
5187		-support, but we're going to erage we're
5188		-
5189		-1298
5190		-00:55:41,910 ~-~-> 00:55:43,740
5191		-going to keep our original idea and
5192		-
5193		-1299
5194		-00:55:43,740 ~-~-> 00:55:49,320
5195		-premise to using the 152 50 level. Okay,
5196		-
5197		-1300
5198		-00:55:49,320 ~-~-> 00:55:50,760
5199		-and we're going to do as as we move
5200		-
5201		-1301
5202		-00:55:50,760 ~-~-> 00:55:52,830
5203		-down, again, we're looking at the higher
5204		-
5205		-1302
5206		-00:55:52,830 ~-~-> 00:55:57,450
5207		-time frame, position trader, approach,
5208		-
5209		-1303
5210		-00:55:57,810 ~-~-> 00:55:59,250
5211		-and we're going to use top down analysis
5212		-
5213		-1304
5214		-00:55:59,250 ~-~-> 00:56:02,040
5215		-concepts Okay, so we're going to start
5216		-
5217		-1305
5218		-00:56:02,040 ~-~-> 00:56:05,880
5219		-with the 152 50 level here. But before
5220		-
5221		-1306
5222		-00:56:05,880 ~-~-> 00:56:07,020
5223		-we get to that, what I want to draw your
5224		-
5225		-1307
5226		-00:56:07,020 ~-~-> 00:56:09,180
5227		-attention to is the range that at that
5228		-
5229		-1308
5230		-00:56:09,180 ~-~-> 00:56:10,740
5231		-point, when we traded down into summer
5232		-
5233		-1309
5234		-00:56:10,740 ~-~-> 00:56:14,070
5235		-months, we were inside of a larger
5236		-
5237		-1310
5238		-00:56:14,130 ~-~-> 00:56:18,240
5239		-range. Okay? And that can be seen here.
5240		-
5241		-1311
5242		-00:56:18,300 ~-~-> 00:56:22,500
5243		-Here's the low. And here's the high.
5244		-
5245		-1312
5246		-00:56:23,430 ~-~-> 00:56:26,850
5247		-Okay, can you see how that 50 level is
5248		-
5249		-1313
5250		-00:56:26,850 ~-~-> 00:56:29,460
5251		-the midpoint of that larger range here
5252		-
5253		-1314
5254		-00:56:29,700 ~-~-> 00:56:32,610
5255		-is high and this low. So we're inside
5256		-
5257		-1315
5258		-00:56:32,610 ~-~-> 00:56:34,710
5259		-this larger range, and we found support
5260		-
5261		-1316
5262		-00:56:34,710 ~-~-> 00:56:36,990
5263		-at the 50 level. Okay. Now, I'm not
5264		-
5265		-1317
5266		-00:56:36,990 ~-~-> 00:56:37,950
5267		-trying to draw your attention to the
5268		-
5269		-1318
5270		-00:56:37,950 ~-~-> 00:56:40,860
5271		-fact that it's the 50 fib level, that's
5272		-
5273		-1319
5274		-00:56:40,860 ~-~-> 00:56:42,630
5275		-not the concern. Okay. The point is, is
5276		-
5277		-1320
5278		-00:56:42,630 ~-~-> 00:56:43,860
5279		-that we're inside of a larger
5280		-
5281		-1321
5282		-00:56:43,860 ~-~-> 00:56:47,070
5283		-consolidation. Okay, and thinking of
5284		-
5285		-1322
5286		-00:56:47,070 ~-~-> 00:56:49,260
5287		-market profiles, we had a trending
5288		-
5289		-1323
5290		-00:56:49,260 ~-~-> 00:56:52,320
5291		-profile, we had a reversal profile, and
5292		-
5293		-1324
5294		-00:56:52,320 ~-~-> 00:56:54,300
5295		-now we're in a consolidation, okay, and
5296		-
5297		-1325
5298		-00:56:54,300 ~-~-> 00:56:56,070
5299		-we went into a smaller consolidation in
5300		-
5301		-1326
5302		-00:56:56,070 ~-~-> 00:57:02,610
5303		-here. Okay, so we do have This range to
5304		-
5305		-1327
5306		-00:57:02,640 ~-~-> 00:57:06,000
5307		-consider, okay and we have found support
5308		-
5309		-1328
5310		-00:57:06,630 ~-~-> 00:57:08,820
5311		-at the midpoint of that range, okay? Now
5312		-
5313		-1329
5314		-00:57:08,820 ~-~-> 00:57:11,370
5315		-think of our mocha market profile
5316		-
5317		-1330
5318		-00:57:11,370 ~-~-> 00:57:13,740
5319		-concepts, okay? Now I taught a concept
5320		-
5321		-1331
5322		-00:57:13,770 ~-~-> 00:57:18,450
5323		-of z deformations, okay? Now, if there's
5324		-
5325		-1332
5326		-00:57:18,450 ~-~-> 00:57:20,970
5327		-one thing I could go back and change, I
5328		-
5329		-1333
5330		-00:57:20,970 ~-~-> 00:57:24,600
5331		-wish I would have took, took the day
5332		-
5333		-1334
5334		-00:57:24,600 ~-~-> 00:57:27,210
5335		-part out of it, okay? Because it's the Z
5336		-
5337		-1335
5338		-00:57:27,210 ~-~-> 00:57:29,520
5339		-formation, which is what you see that's
5340		-
5341		-1336
5342		-00:57:29,520 ~-~-> 00:57:31,410
5343		-synonymous with consolidations, okay,
5344		-
5345		-1337
5346		-00:57:31,440 ~-~-> 00:57:35,370
5347		-and they can tend to fall into the Seek
5348		-
5349		-1338
5350		-00:57:35,370 ~-~-> 00:57:37,290
5351		-and Destroy market profile. Okay? And
5352		-
5353		-1339
5354		-00:57:37,290 ~-~-> 00:57:39,330
5355		-again, that's a video module just for
5356		-
5357		-1340
5358		-00:57:39,330 ~-~-> 00:57:43,230
5359		-these specific profiles. Okay, so again,
5360		-
5361		-1341
5362		-00:57:43,230 ~-~-> 00:57:45,240
5363		-I'm not gonna spend time here, but you
5364		-
5365		-1342
5366		-00:57:45,240 ~-~-> 00:57:46,620
5367		-can check those out and study more
5368		-
5369		-1343
5370		-00:57:46,620 ~-~-> 00:57:49,020
5371		-information about those. But while we're
5372		-
5373		-1344
5374		-00:57:49,020 ~-~-> 00:57:51,630
5375		-in here in these consolidations, okay,
5376		-
5377		-1345
5378		-00:57:51,660 ~-~-> 00:57:54,780
5379		-the Z day formations, or Z formations
5380		-
5381		-1346
5382		-00:57:54,780 ~-~-> 00:57:56,760
5383		-and consolidation is what you would
5384		-
5385		-1347
5386		-00:57:56,760 ~-~-> 00:57:59,010
5387		-expect to see in price action. So it's
5388		-
5389		-1348
5390		-00:57:59,010 ~-~-> 00:58:02,190
5391		-not limited to Just a intraday or a
5392		-
5393		-1349
5394		-00:58:02,190 ~-~-> 00:58:05,040
5395		-daily phenomenon you can see here on the
5396		-
5397		-1350
5398		-00:58:05,040 ~-~-> 00:58:07,380
5399		-monthly, you see that same formation
5400		-
5401		-1351
5402		-00:58:07,380 ~-~-> 00:58:11,670
5403		-happening here. Okay. But it's
5404		-
5405		-1352
5406		-00:58:11,670 ~-~-> 00:58:13,590
5407		-interesting, I think to note that at
5408		-
5409		-1353
5410		-00:58:13,590 ~-~-> 00:58:16,260
5411		-that 152 50 level, okay, we're seeing a
5412		-
5413		-1354
5414		-00:58:16,260 ~-~-> 00:58:19,050
5415		-whole lot of confluence of expectation
5416		-
5417		-1355
5418		-00:58:19,350 ~-~-> 00:58:21,960
5419		-of the market finding support at that
5420		-
5421		-1356
5422		-00:58:21,960 ~-~-> 00:58:23,130
5423		-same timeframe. So now we have a
5424		-
5425		-1357
5426		-00:58:23,130 ~-~-> 00:58:25,470
5427		-seasonal tendency, okay, price comes
5428		-
5429		-1358
5430		-00:58:25,470 ~-~-> 00:58:28,140
5431		-down into that 152 50 level, okay? And,
5432		-
5433		-1359
5434		-00:58:28,770 ~-~-> 00:58:32,490
5435		-again, the low on that particular month
5436		-
5437		-1360
5438		-00:58:32,520 ~-~-> 00:58:35,670
5439		-was the 152 67. Okay, so now we have
5440		-
5441		-1361
5442		-00:58:35,670 ~-~-> 00:58:38,220
5443		-this mapped out here. Okay, we've
5444		-
5445		-1362
5446		-00:58:38,460 ~-~-> 00:58:39,570
5447		-essentially went over the fact that
5448		-
5449		-1363
5450		-00:58:39,570 ~-~-> 00:58:41,640
5451		-we've been trending, we had a market
5452		-
5453		-1364
5454		-00:58:41,640 ~-~-> 00:58:43,980
5455		-reversal in here. Okay, now we're into
5456		-
5457		-1365
5458		-00:58:43,980 ~-~-> 00:58:46,320
5459		-consolidation. So we're inside of a
5460		-
5461		-1366
5462		-00:58:46,320 ~-~-> 00:58:50,010
5463		-larger monthly consolidation, okay, but
5464		-
5465		-1367
5466		-00:58:50,010 ~-~-> 00:58:52,050
5467		-we have discernible levels of support
5468		-
5469		-1368
5470		-00:58:52,050 ~-~-> 00:58:53,820
5471		-resistance to work within. Okay, so now
5472		-
5473		-1369
5474		-00:58:53,820 ~-~-> 00:58:55,380
5475		-I'm gonna keep these levels up. we've
5476		-
5477		-1370
5478		-00:58:55,380 ~-~-> 00:58:57,360
5479		-mapped out the higher timeframe monthly
5480		-
5481		-1371
5482		-00:58:57,360 ~-~-> 00:59:01,620
5483		-chart. So let's go down to a weekly You
5484		-
5485		-1372
5486		-00:59:01,620 ~-~-> 00:59:08,310
5487		-can see by going forward and moving into
5488		-
5489		-1373
5490		-00:59:08,310 ~-~-> 00:59:13,080
5491		-the June timeframe here set that June
5492		-
5493		-1374
5494		-00:59:13,080 ~-~-> 00:59:19,140
5495		-low. Right in here. We have price come
5496		-
5497		-1375
5498		-00:59:19,140 ~-~-> 00:59:22,440
5499		-up and come back down and found support
5500		-
5501		-1376
5502		-00:59:22,440 ~-~-> 00:59:25,770
5503		-this particular level here, okay? What
5504		-
5505		-1377
5506		-00:59:25,770 ~-~-> 00:59:27,060
5507		-I'm gonna do is I'm gonna take the fib
5508		-
5509		-1378
5510		-00:59:27,060 ~-~-> 00:59:29,370
5511		-off because it's not needed at this
5512		-
5513		-1379
5514		-00:59:29,370 ~-~-> 00:59:29,790
5515		-point.
5516		-
5517		-1380
5518		-00:59:34,800 ~-~-> 00:59:37,560
5519		-Okay, so now look what we have here we
5520		-
5521		-1381
5522		-00:59:37,560 ~-~-> 00:59:41,940
5523		-have price finding support. Now by
5524		-
5525		-1382
5526		-00:59:41,940 ~-~-> 00:59:44,520
5527		-moving down to a weekly chart, we can
5528		-
5529		-1383
5530		-00:59:44,520 ~-~-> 00:59:48,090
5531		-more closely calibrate these levels now
5532		-
5533		-1384
5534		-00:59:48,090 ~-~-> 00:59:50,880
5535		-this is 152 50. But now watch what
5536		-
5537		-1385
5538		-00:59:50,880 ~-~-> 00:59:52,560
5539		-happens when we start moving up to these
5540		-
5541		-1386
5542		-00:59:52,560 ~-~-> 00:59:54,960
5543		-lows that are here. We have Hello here
5544		-
5545		-1387
5546		-00:59:54,960 ~-~-> 00:59:57,420
5547		-we have a low here. We have a low here.
5548		-
5549		-1388
5550		-00:59:59,310 ~-~-> 01:00:00,990
5551		-Notice what how happens over here watch
5552		-
5553		-1389
5554		-01:00:01,020 ~-~-> 01:00:09,120
5555		-this area right here. Okay we have this
5556		-
5557		-1390
5558		-01:00:09,120 ~-~-> 01:00:13,740
5559		-low here. If we move up to these
5560		-
5561		-1391
5562		-01:00:14,040 ~-~-> 01:00:19,320
5563		-particular lows being this low here the
5564		-
5565		-1392
5566		-01:00:19,320 ~-~-> 01:00:21,240
5567		-bodies that have candles here, you can
5568		-
5569		-1393
5570		-01:00:21,240 ~-~-> 01:00:24,870
5571		-see now we have a much more discernible
5572		-
5573		-1394
5574		-01:00:25,500 ~-~-> 01:00:27,060
5575		-range in here so we have anywhere
5576		-
5577		-1395
5578		-01:00:27,060 ~-~-> 01:00:29,190
5579		-between the 153 because if you look over
5580		-
5581		-1396
5582		-01:00:29,190 ~-~-> 01:00:36,510
5583		-here we got 152 97 and the low the
5584		-
5585		-1397
5586		-01:00:36,510 ~-~-> 01:00:39,480
5587		-previous low here, okay comes in at
5588		-
5589		-1398
5590		-01:00:39,480 ~-~-> 01:00:42,660
5591		-152 30. So we essentially we have about
5592		-
5593		-1399
5594		-01:00:42,660 ~-~-> 01:00:46,830
5595		-70 pips of likely range in here that we
5596		-
5597		-1400
5598		-01:00:46,830 ~-~-> 01:00:49,620
5599		-would have to zero in capture a more
5600		-
5601		-1401
5602		-01:00:49,620 ~-~-> 01:00:52,500
5603		-calibrated price level. So now while
5604		-
5605		-1402
5606		-01:00:52,500 ~-~-> 01:00:55,170
5607		-it's still approximately 70 pips or so,
5608		-
5609		-1403
5610		-01:00:55,740 ~-~-> 01:00:57,240
5611		-of potential range in here where we
5612		-
5613		-1404
5614		-01:00:57,240 ~-~-> 01:00:59,970
5615		-would anticipate the low forming it's
5616		-
5617		-1405
5618		-01:01:01,020 ~-~-> 01:01:05,340
5619		-Not hard in terms of now applying our
5620		-
5621		-1406
5622		-01:01:06,720 ~-~-> 01:01:10,890
5623		-levels. Dude, we're familiar with the
5624		-
5625		-1407
5626		-01:01:10,920 ~-~-> 01:01:15,510
5627		-80s and 20s. Okay, and we're going to
5628		-
5629		-1408
5630		-01:01:15,510 ~-~-> 01:01:20,520
5631		-introduce again, the big figure and mid
5632		-
5633		-1409
5634		-01:01:20,520 ~-~-> 01:01:21,780
5635		-figure indicator.
5636		-
5637		-1410
5638		-01:01:29,670 ~-~-> 01:01:31,080
5639		-And what we're actually going to do is
5640		-
5641		-1411
5642		-01:01:32,310 ~-~-> 01:01:33,450
5643		-we're going to add some more levels
5644		-
5645		-1412
5646		-01:01:33,450 ~-~-> 01:01:35,550
5647		-because there's not enough on here.
5648		-
5649		-1413
5650		-01:01:45,450 ~-~-> 01:01:50,490
5651		-You can see how we have the 53 figure
5652		-
5653		-1414
5654		-01:01:50,490 ~-~-> 01:01:53,190
5655		-down here. And we have the mid figured
5656		-
5657		-1415
5658		-01:01:53,190 ~-~-> 01:01:59,220
5659		-it. It didn't get too in here. So we
5660		-
5661		-1416
5662		-01:01:59,220 ~-~-> 01:02:02,670
5663		-have this range of 50 pips now. So you
5664		-
5665		-1417
5666		-01:02:02,670 ~-~-> 01:02:04,860
5667		-can see how we've calibrated from 70
5668		-
5669		-1418
5670		-01:02:04,860 ~-~-> 01:02:08,460
5671		-pips down to down to a range of 50 pips,
5672		-
5673		-1419
5674		-01:02:08,580 ~-~-> 01:02:12,030
5675		-okay? But we've identified this little
5676		-
5677		-1420
5678		-01:02:12,030 ~-~-> 01:02:16,260
5679		-area in here and what I'm going to do is
5680		-
5681		-1421
5682		-01:02:16,260 ~-~-> 01:02:22,740
5683		-I'm just going to now highlight Okay,
5684		-
5685		-1422
5686		-01:02:22,740 ~-~-> 01:02:24,450
5687		-and we're going to use 253
5688		-
5689		-1423
5690		-01:02:28,469 ~-~-> 01:02:29,189
5691		-and
5692		-
5693		-1424
5694		-01:02:32,340 ~-~-> 01:02:35,460
5695		-the 5250 level one here, okay? Now what
5696		-
5697		-1425
5698		-01:02:35,460 ~-~-> 01:02:36,630
5699		-I'm drawing your attention to is the
5700		-
5701		-1426
5702		-01:02:36,630 ~-~-> 01:02:38,460
5703		-fact that we have these, this low in
5704		-
5705		-1427
5706		-01:02:38,460 ~-~-> 01:02:42,360
5707		-here, low here, and a low here. Okay, so
5708		-
5709		-1428
5710		-01:02:42,360 ~-~-> 01:02:43,980
5711		-we're working within this 50 PIP range
5712		-
5713		-1429
5714		-01:02:43,980 ~-~-> 01:02:46,890
5715		-in here. Okay, so now when we drop down
5716		-
5717		-1430
5718		-01:02:46,890 ~-~-> 01:02:48,810
5719		-to a daily, okay, which is the next
5720		-
5721		-1431
5722		-01:02:48,810 ~-~-> 01:02:50,040
5723		-level when you're a position trader,
5724		-
5725		-1432
5726		-01:02:50,880 ~-~-> 01:02:52,260
5727		-we're going to go down to that timeframe
5728		-
5729		-1433
5730		-01:02:55,410 ~-~-> 01:02:56,190
5731		-and
5732		-
5733		-1434
5734		-01:02:58,080 ~-~-> 01:03:04,170
5735		-you can see here the To daily. And now
5736		-
5737		-1435
5738		-01:03:04,170 ~-~-> 01:03:09,690
5739		-we have the bodies of the candles here,
5740		-
5741		-1436
5742		-01:03:09,690 ~-~-> 01:03:11,370
5743		-see how we have all this consolidation
5744		-
5745		-1437
5746		-01:03:11,370 ~-~-> 01:03:13,230
5747		-in here? Because all we're doing now is
5748		-
5749		-1438
5750		-01:03:13,230 ~-~-> 01:03:15,840
5751		-we're just mapping out from the higher
5752		-
5753		-1439
5754		-01:03:15,840 ~-~-> 01:03:18,060
5755		-timeframe monthly to the weekly to the
5756		-
5757		-1440
5758		-01:03:18,060 ~-~-> 01:03:21,660
5759		-daily, and we're calibrating high odds,
5760		-
5761		-1441
5762		-01:03:22,230 ~-~-> 01:03:24,090
5763		-support resistance levels. Okay, I get
5764		-
5765		-1442
5766		-01:03:24,090 ~-~-> 01:03:26,760
5767		-questions, how do I know how to find key
5768		-
5769		-1443
5770		-01:03:26,940 ~-~-> 01:03:28,560
5771		-support resistance levels? How do they
5772		-
5773		-1444
5774		-01:03:28,560 ~-~-> 01:03:30,570
5775		-look like and what do I do to do it, you
5776		-
5777		-1445
5778		-01:03:30,570 ~-~-> 01:03:32,550
5779		-know, a moon charts. Well, I have a
5780		-
5781		-1446
5782		-01:03:32,550 ~-~-> 01:03:34,650
5783		-video module for that. And it's silent,
5784		-
5785		-1447
5786		-01:03:34,680 ~-~-> 01:03:35,940
5787		-but I'll give you all the details that
5788		-
5789		-1448
5790		-01:03:35,940 ~-~-> 01:03:37,560
5791		-you need to go through the steps. And
5792		-
5793		-1449
5794		-01:03:37,560 ~-~-> 01:03:39,270
5795		-this is really again, one more example
5796		-
5797		-1450
5798		-01:03:39,270 ~-~-> 01:03:42,360
5799		-how I do it. And, again, I'm not asking
5800		-
5801		-1451
5802		-01:03:42,360 ~-~-> 01:03:44,760
5803		-you to take my word on it. Go and look
5804		-
5805		-1452
5806		-01:03:44,760 ~-~-> 01:03:46,500
5807		-at all the videos around this timeframe.
5808		-
5809		-1453
5810		-01:03:47,250 ~-~-> 01:03:49,260
5811		-And you'll actually see on my livestream
5812		-
5813		-1454
5814		-01:03:49,320 ~-~-> 01:03:56,310
5815		-channel and on my YouTube channel these
5816		-
5817		-1455
5818		-01:03:56,310 ~-~-> 01:04:00,390
5819		-are all particular points in the
5820		-
5821		-1456
5822		-01:04:00,390 ~-~-> 01:04:02,250
5823		-marketplace where they were called in
5824		-
5825		-1457
5826		-01:04:02,250 ~-~-> 01:04:04,830
5827		-advance. So again, we're not doing not
5828		-
5829		-1458
5830		-01:04:06,120 ~-~-> 01:04:08,340
5831		-cherry picking. Now there's a great
5832		-
5833		-1459
5834		-01:04:08,340 ~-~-> 01:04:11,250
5835		-level in here, this is to 150 to 80
5836		-
5837		-1460
5838		-01:04:11,250 ~-~-> 01:04:15,060
5839		-level. Okay, so we have 150 to 80 as a
5840		-
5841		-1461
5842		-01:04:15,060 ~-~-> 01:04:17,220
5843		-good level to be looking for and we have
5844		-
5845		-1462
5846		-01:04:17,220 ~-~-> 01:04:18,570
5847		-the bodies of the candles and the lows
5848		-
5849		-1463
5850		-01:04:18,570 ~-~-> 01:04:21,330
5851		-down here. And they those come in at
5852		-
5853		-1464
5854		-01:04:21,660 ~-~-> 01:04:31,680
5855		-152 75 152 79. Okay, so around that 80
5856		-
5857		-1465
5858		-01:04:31,680 ~-~-> 01:04:35,010
5859		-level, okay is a good level to be
5860		-
5861		-1466
5862		-01:04:35,070 ~-~-> 01:04:39,510
5863		-anticipating a bounce. Okay, so now we
5864		-
5865		-1467
5866		-01:04:39,510 ~-~-> 01:04:45,390
5867		-have essentially the 152 82 152 50 now
5868		-
5869		-1468
5870		-01:04:45,390 ~-~-> 01:04:48,240
5871		-we've reduced it down to 30 pips. Okay,
5872		-
5873		-1469
5874		-01:04:48,690 ~-~-> 01:04:53,130
5875		-so now we're going to zoom down into the
5876		-
5877		-1470
5878		-01:04:54,720 ~-~-> 01:04:56,010
5879		-one hour chart. Now you're probably
5880		-
5881		-1471
5882		-01:04:56,010 ~-~-> 01:04:56,940
5883		-saying, Well, why don't you go to the
5884		-
5885		-1472
5886		-01:04:56,940 ~-~-> 01:05:00,330
5887		-four hour because we're up Position
5888		-
5889		-1473
5890		-01:05:00,330 ~-~-> 01:05:02,220
5891		-trader. So there's no necessity to look
5892		-
5893		-1474
5894		-01:05:02,220 ~-~-> 01:05:04,410
5895		-at the four hour because you've already
5896		-
5897		-1475
5898		-01:05:04,410 ~-~-> 01:05:09,150
5899		-arrived at the likelihood you're
5900		-
5901		-1476
5902		-01:05:09,150 ~-~-> 01:05:12,120
5903		-anticipating a bounce in support. Okay?
5904		-
5905		-1477
5906		-01:05:12,720 ~-~-> 01:05:15,240
5907		-And you're looking for price to provide
5908		-
5909		-1478
5910		-01:05:15,240 ~-~-> 01:05:19,350
5911		-you a signal at that timeframe. Okay?
5912		-
5913		-1479
5914		-01:05:19,710 ~-~-> 01:05:21,870
5915		-And here's that particular area where
5916		-
5917		-1480
5918		-01:05:21,870 ~-~-> 01:05:23,850
5919		-price comes down into that June low.
5920		-
5921		-1481
5922		-01:05:24,270 ~-~-> 01:05:26,610
5923		-Okay. Now what I want to draw your
5924		-
5925		-1482
5926		-01:05:26,610 ~-~-> 01:05:29,100
5927		-attention to is, we've identified the
5928		-
5929		-1483
5930		-01:05:29,100 ~-~-> 01:05:34,440
5931		-higher time frame 153 to 152 50 level
5932		-
5933		-1484
5934		-01:05:34,440 ~-~-> 01:05:37,710
5935		-initially, that was a 50 PIP range, and
5936		-
5937		-1485
5938		-01:05:37,710 ~-~-> 01:05:39,600
5939		-we reduce it down to 30. pips. So here's
5940		-
5941		-1486
5942		-01:05:39,600 ~-~-> 01:05:41,760
5943		-that 152 50 level, this dotted line
5944		-
5945		-1487
5946		-01:05:41,760 ~-~-> 01:05:44,730
5947		-here, and here's the 152 80 level. Okay,
5948		-
5949		-1488
5950		-01:05:44,730 ~-~-> 01:05:46,440
5951		-so inside that area, we were expecting
5952		-
5953		-1489
5954		-01:05:46,440 ~-~-> 01:05:49,260
5955		-some sort of a low to form based on all
5956		-
5957		-1490
5958		-01:05:49,260 ~-~-> 01:05:52,140
5959		-these previous old lows from all the
5960		-
5961		-1491
5962		-01:05:52,140 ~-~-> 01:05:53,970
5963		-monthly, the weekly and the daily chart.
5964		-
5965		-1492
5966		-01:05:54,330 ~-~-> 01:05:56,550
5967		-So we broke it down, and we mapped out
5968		-
5969		-1493
5970		-01:05:56,550 ~-~-> 01:05:58,050
5971		-the marketplace where there's a high
5972		-
5973		-1494
5974		-01:05:58,050 ~-~-> 01:06:00,780
5975		-probability to see specific Key levels,
5976		-
5977		-1495
5978		-01:06:00,810 ~-~-> 01:06:04,290
5979		-okay. Now, it's not imperative that you
5980		-
5981		-1496
5982		-01:06:04,320 ~-~-> 01:06:06,690
5983		-pick the right one. You wait for the
5984		-
5985		-1497
5986		-01:06:06,690 ~-~-> 01:06:08,520
5987		-market to tell you which one is the
5988		-
5989		-1498
5990		-01:06:08,520 ~-~-> 01:06:11,910
5991		-right one. Okay. I understand there's a
5992		-
5993		-1499
5994		-01:06:11,910 ~-~-> 01:06:14,520
5995		-lot of respect for me when baby pips and
5996		-
5997		-1500
5998		-01:06:14,550 ~-~-> 01:06:17,250
5999		-I appreciate that. But unfortunately,
6000		-
6001		-1501
6002		-01:06:17,250 ~-~-> 01:06:20,070
6003		-some of the newer folks, okay, and so
6004		-
6005		-1502
6006		-01:06:20,070 ~-~-> 01:06:21,450
6007		-maybe the guys has been around for a
6008		-
6009		-1503
6010		-01:06:21,450 ~-~-> 01:06:23,160
6011		-long time and still have struggled for a
6012		-
6013		-1504
6014		-01:06:23,160 ~-~-> 01:06:26,550
6015		-while. They put an S on my chest and
6016		-
6017		-1505
6018		-01:06:26,550 ~-~-> 01:06:28,440
6019		-they made me much more than I really am.
6020		-
6021		-1506
6022		-01:06:28,500 ~-~-> 01:06:30,870
6023		-Okay, and I appreciate the enthusiasm,
6024		-
6025		-1507
6026		-01:06:30,870 ~-~-> 01:06:34,140
6027		-but I don't know all the time where
6028		-
6029		-1508
6030		-01:06:34,140 ~-~-> 01:06:35,430
6031		-these things are going to reverse rate
6032		-
6033		-1509
6034		-01:06:35,430 ~-~-> 01:06:38,310
6035		-to the PIP Okay, so don't don't have
6036		-
6037		-1510
6038		-01:06:38,310 ~-~-> 01:06:40,860
6039		-that in your mind. I get lucky a lot,
6040		-
6041		-1511
6042		-01:06:41,040 ~-~-> 01:06:43,860
6043		-okay. And sometimes I'm able to call
6044		-
6045		-1512
6046		-01:06:43,860 ~-~-> 01:06:45,990
6047		-highs and lows and it's, it's impressive
6048		-
6049		-1513
6050		-01:06:45,990 ~-~-> 01:06:48,780
6051		-sometimes to myself, but that's not what
6052		-
6053		-1514
6054		-01:06:48,780 ~-~-> 01:06:50,970
6055		-your goal is. Okay. What we're talking
6056		-
6057		-1515
6058		-01:06:50,970 ~-~-> 01:06:53,160
6059		-about here is how you actually arrive at
6060		-
6061		-1516
6062		-01:06:53,160 ~-~-> 01:06:55,200
6063		-a directional bias where the markets
6064		-
6065		-1517
6066		-01:06:55,200 ~-~-> 01:06:56,970
6067		-already proven to you where the high
6068		-
6069		-1518
6070		-01:06:56,970 ~-~-> 01:06:59,850
6071		-odds likelihood of trading two is. Okay?
6072		-
6073		-1519
6074		-01:07:00,000 ~-~-> 01:07:03,420
6075		-So again, remove the necessity and the
6076		-
6077		-1520
6078		-01:07:03,480 ~-~-> 01:07:05,580
6079		-the putting yourself in a box where it
6080		-
6081		-1521
6082		-01:07:05,580 ~-~-> 01:07:08,010
6083		-has to provide you the actual level,
6084		-
6085		-1522
6086		-01:07:08,040 ~-~-> 01:07:09,660
6087		-forget all that you don't need that.
6088		-
6089		-1523
6090		-01:07:09,780 ~-~-> 01:07:12,330
6091		-Okay? And what we're about to show you
6092		-
6093		-1524
6094		-01:07:12,330 ~-~-> 01:07:13,650
6095		-here is going to prove that to you.
6096		-
6097		-1525
6098		-01:07:14,850 ~-~-> 01:07:15,990
6099		-Here's that seasonal low, we
6100		-
6101		-1526
6102		-01:07:15,990 ~-~-> 01:07:19,290
6103		-anticipated, okay? We saw price trade
6104		-
6105		-1527
6106		-01:07:19,290 ~-~-> 01:07:20,670
6107		-down to those particular levels, okay?
6108		-
6109		-1528
6110		-01:07:20,670 ~-~-> 01:07:22,530
6111		-And we're anticipating a bounce, that's
6112		-
6113		-1529
6114		-01:07:22,530 ~-~-> 01:07:24,660
6115		-what we're looking for. Okay? If you're
6116		-
6117		-1530
6118		-01:07:24,660 ~-~-> 01:07:26,010
6119		-short all through here, you're just
6120		-
6121		-1531
6122		-01:07:26,010 ~-~-> 01:07:27,720
6123		-looking for targets down here to take
6124		-
6125		-1532
6126		-01:07:27,720 ~-~-> 01:07:30,270
6127		-profits, right. But if you're a position
6128		-
6129		-1533
6130		-01:07:30,270 ~-~-> 01:07:31,710
6131		-trader, and you just sat down your
6132		-
6133		-1534
6134		-01:07:31,710 ~-~-> 01:07:33,690
6135		-charts and you want to resume trading
6136		-
6137		-1535
6138		-01:07:33,690 ~-~-> 01:07:34,980
6139		-and you look for a long term trade,
6140		-
6141		-1536
6142		-01:07:35,340 ~-~-> 01:07:37,050
6143		-seasonal low in the summertime is a good
6144		-
6145		-1537
6146		-01:07:37,080 ~-~-> 01:07:39,660
6147		-opportunity to get you hunting for this
6148		-
6149		-1538
6150		-01:07:39,660 ~-~-> 01:07:41,790
6151		-type of setup. All you're going to do is
6152		-
6153		-1539
6154		-01:07:41,790 ~-~-> 01:07:45,240
6155		-wait for a low at a predetermined price
6156		-
6157		-1540
6158		-01:07:45,240 ~-~-> 01:07:48,750
6159		-level. When at time of year,
6160		-
6161		-1541
6162		-01:07:50,010 ~-~-> 01:07:52,920
6163		-seasonally speaking, okay, where we are
6164		-
6165		-1542
6166		-01:07:52,950 ~-~-> 01:07:55,500
6167		-likely to see the market moves for a
6168		-
6169		-1543
6170		-01:07:55,500 ~-~-> 01:07:57,270
6171		-long period of time. And that's what the
6172		-
6173		-1544
6174		-01:07:57,270 ~-~-> 01:07:59,850
6175		-impact of seasonal seasonal tendencies
6176		-
6177		-1545
6178		-01:07:59,850 ~-~-> 01:08:02,130
6179		-will provide for you. So now we have
6180		-
6181		-1546
6182		-01:08:02,160 ~-~-> 01:08:04,920
6183		-price coming down into June low. Okay.
6184		-
6185		-1547
6186		-01:08:05,130 ~-~-> 01:08:06,570
6187		-And then we have this nice reaction
6188		-
6189		-1548
6190		-01:08:06,570 ~-~-> 01:08:09,450
6191		-here. This is what you wait for. Okay,
6192		-
6193		-1549
6194		-01:08:09,450 ~-~-> 01:08:11,550
6195		-this is what you wait for. Now what I'm
6196		-
6197		-1550
6198		-01:08:11,550 ~-~-> 01:08:15,210
6199		-going to take, I'm going to take the big
6200		-
6201		-1551
6202		-01:08:15,210 ~-~-> 01:08:17,490
6203		-figure mid figure indicator off because
6204		-
6205		-1552
6206		-01:08:17,520 ~-~-> 01:08:18,690
6207		-I think right now it's going to number
6208		-
6209		-1553
6210		-01:08:18,690 ~-~-> 01:08:20,160
6211		-one is going to distract me and we can't
6212		-
6213		-1554
6214		-01:08:20,160 ~-~-> 01:08:23,760
6215		-have that. So, you see this price rally
6216		-
6217		-1555
6218		-01:08:23,760 ~-~-> 01:08:25,770
6219		-up in here, okay, look what it's done.
6220		-
6221		-1556
6222		-01:08:25,860 ~-~-> 01:08:27,870
6223		-When it rallies up like this, it blows
6224		-
6225		-1557
6226		-01:08:27,900 ~-~-> 01:08:30,540
6227		-out the market structure, swing high
6228		-
6229		-1558
6230		-01:08:30,540 ~-~-> 01:08:33,210
6231		-here. Now again, we're looking at a one
6232		-
6233		-1559
6234		-01:08:33,210 ~-~-> 01:08:35,130
6235		-hour chart. So this is what you would
6236		-
6237		-1560
6238		-01:08:35,130 ~-~-> 01:08:37,380
6239		-need when you see that happening. Okay.
6240		-
6241		-1561
6242		-01:08:38,010 ~-~-> 01:08:40,410
6243		-We now have confirmation to Hey, look,
6244		-
6245		-1562
6246		-01:08:41,250 ~-~-> 01:08:43,590
6247		-Mark structure is now broken on a one
6248		-
6249		-1563
6250		-01:08:43,590 ~-~-> 01:08:47,220
6251		-hourly basis. This is the swing that
6252		-
6253		-1564
6254		-01:08:47,220 ~-~-> 01:08:49,020
6255		-breaks it so this is the impulse move
6256		-
6257		-1565
6258		-01:08:49,020 ~-~-> 01:08:51,780
6259		-here. Okay, so this is your range. Okay.
6260		-
6261		-1566
6262		-01:08:51,900 ~-~-> 01:08:53,370
6263		-And you probably already understand
6264		-
6265		-1567
6266		-01:08:53,430 ~-~-> 01:08:54,780
6267		-where I'm going to go with this next.
6268		-
6269		-1568
6270		-01:08:55,230 ~-~-> 01:08:58,050
6271		-But this is what you wait for. You don't
6272		-
6273		-1569
6274		-01:08:58,050 ~-~-> 01:08:59,760
6275		-chase it when it rallies up like that.
6276		-
6277		-1570
6278		-01:09:00,270 ~-~-> 01:09:02,160
6279		-You're a position trader, you want to
6280		-
6281		-1571
6282		-01:09:02,160 ~-~-> 01:09:03,720
6283		-get in sync with the higher timeframe
6284		-
6285		-1572
6286		-01:09:03,720 ~-~-> 01:09:05,340
6287		-trade. You want to be in there for a
6288		-
6289		-1573
6290		-01:09:05,340 ~-~-> 01:09:07,230
6291		-little while not just a day trade, you
6292		-
6293		-1574
6294		-01:09:07,230 ~-~-> 01:09:09,210
6295		-have a job, you have family have kids,
6296		-
6297		-1575
6298		-01:09:09,210 ~-~-> 01:09:11,100
6299		-you got soccer practice you or your
6300		-
6301		-1576
6302		-01:09:11,100 ~-~-> 01:09:13,230
6303		-soccer mom, you're a baseball mom. You
6304		-
6305		-1577
6306		-01:09:13,230 ~-~-> 01:09:14,310
6307		-can't be in front of the charts all the
6308		-
6309		-1578
6310		-01:09:14,310 ~-~-> 01:09:16,350
6311		-time. But you want to have an ability to
6312		-
6313		-1579
6314		-01:09:16,350 ~-~-> 01:09:19,200
6315		-be able to trade and take some, some
6316		-
6317		-1580
6318		-01:09:19,200 ~-~-> 01:09:21,240
6319		-trades out, you know the marketplace and
6320		-
6321		-1581
6322		-01:09:21,240 ~-~-> 01:09:22,800
6323		-not trade all the time and still be able
6324		-
6325		-1582
6326		-01:09:22,800 ~-~-> 01:09:24,300
6327		-to capture some handsome moves. Well,
6328		-
6329		-1583
6330		-01:09:25,110 ~-~-> 01:09:27,900
6331		-this is how you do it. You have the
6332		-
6333		-1584
6334		-01:09:27,900 ~-~-> 01:09:30,750
6335		-market structure shift here, this swing
6336		-
6337		-1585
6338		-01:09:30,750 ~-~-> 01:09:33,090
6339		-high here when it breaks above here,
6340		-
6341		-1586
6342		-01:09:33,150 ~-~-> 01:09:35,700
6343		-that's what you've waited for. So now,
6344		-
6345		-1587
6346		-01:09:36,240 ~-~-> 01:09:38,520
6347		-all you're going to do is go to your fib
6348		-
6349		-1588
6350		-01:09:39,480 ~-~-> 01:09:42,240
6351		-gradual low, pull it up to the high of
6352		-
6353		-1589
6354		-01:09:42,240 ~-~-> 01:09:46,050
6355		-that range. Okay. And you drop it. This
6356		-
6357		-1590
6358		-01:09:46,050 ~-~-> 01:09:47,910
6359		-is what you have here. Now again, this
6360		-
6361		-1591
6362		-01:09:47,910 ~-~-> 01:09:51,750
6363		-is a one hour chart. Can you see this?
6364		-
6365		-1592
6366		-01:09:52,800 ~-~-> 01:09:54,390
6367		-You could have this on your smartphone.
6368		-
6369		-1593
6370		-01:09:55,470 ~-~-> 01:09:57,150
6371		-Okay, you're out iPhone or your Android
6372		-
6373		-1594
6374		-01:09:57,150 ~-~-> 01:10:01,260
6375		-or whatever that allows you a alert to
6376		-
6377		-1595
6378		-01:10:01,260 ~-~-> 01:10:03,150
6379		-be sending you a text when price comes
6380		-
6381		-1596
6382		-01:10:03,150 ~-~-> 01:10:05,970
6383		-back down into that 62 level or
6384		-
6385		-1597
6386		-01:10:05,970 ~-~-> 01:10:09,030
6387		-approaches it 10 pips or so. Okay, you
6388		-
6389		-1598
6390		-01:10:09,030 ~-~-> 01:10:10,980
6391		-want to be looking at the marketplace or
6392		-
6393		-1599
6394		-01:10:11,490 ~-~-> 01:10:12,990
6395		-you simply put a limit order down in
6396		-
6397		-1600
6398		-01:10:12,990 ~-~-> 01:10:16,140
6399		-here. Okay? So when price comes down to
6400		-
6401		-1601
6402		-01:10:16,140 ~-~-> 01:10:18,000
6403		-that point you're going to be buying at
6404		-
6405		-1602
6406		-01:10:18,000 ~-~-> 01:10:19,830
6407		-a limit your risk is going to be from
6408		-
6409		-1603
6410		-01:10:19,830 ~-~-> 01:10:23,730
6411		-that point and 10 pips below here. Okay,
6412		-
6413		-1604
6414		-01:10:23,730 ~-~-> 01:10:25,530
6415		-so what does that equate to? Well let's
6416		-
6417		-1605
6418		-01:10:25,530 ~-~-> 01:10:26,070
6419		-look at that.
6420		-
6421		-1606
6422		-01:10:31,500 ~-~-> 01:10:33,750
6423		-If you go in with a position traders
6424		-
6425		-1607
6426		-01:10:33,750 ~-~-> 01:10:35,790
6427		-mindset, okay and you're gonna be buying
6428		-
6429		-1608
6430		-01:10:36,330 ~-~-> 01:10:40,080
6431		-at 262 and you want 10 pips below here,
6432		-
6433		-1609
6434		-01:10:40,410 ~-~-> 01:10:46,470
6435		-okay? Your stop is going to be 152 57
6436		-
6437		-1610
6438		-01:10:46,950 ~-~-> 01:10:51,720
6439		-okay 257 now the risk total risk is
6440		-
6441		-1611
6442		-01:10:51,720 ~-~-> 01:10:57,120
6443		-going to be 76 pips. Okay. 76 pips. new
6444		-
6445		-1612
6446		-01:10:57,120 ~-~-> 01:10:59,970
6447		-pricing. Whoo. That's a lot of pips.
6448		-
6449		-1613
6450		-01:11:00,630 ~-~-> 01:11:02,850
6451		-Okay, I understand. But if you're a
6452		-
6453		-1614
6454		-01:11:02,850 ~-~-> 01:11:05,490
6455		-position trader, we're going to do
6456		-
6457		-1615
6458		-01:11:05,520 ~-~-> 01:11:06,690
6459		-you're going to be scaling back and your
6460		-
6461		-1616
6462		-01:11:06,690 ~-~-> 01:11:09,240
6463		-lot size anyway, right? So there's
6464		-
6465		-1617
6466		-01:11:09,240 ~-~-> 01:11:10,350
6467		-nothing wrong with taking this trade
6468		-
6469		-1618
6470		-01:11:10,350 ~-~-> 01:11:13,620
6471		-with a 76 PIP stop loss. If you're
6472		-
6473		-1619
6474		-01:11:13,620 ~-~-> 01:11:17,580
6475		-trading with, you know, one, one Mini,
6476		-
6477		-1620
6478		-01:11:18,330 ~-~-> 01:11:20,850
6479		-okay? You can you can trade with that
6480		-
6481		-1621
6482		-01:11:21,150 ~-~-> 01:11:24,990
6483		-you're only assuming a risk of 80 $80.
6484		-
6485		-1622
6486		-01:11:25,410 ~-~-> 01:11:26,400
6487		-So there's nothing wrong with that
6488		-
6489		-1623
6490		-01:11:26,400 ~-~-> 01:11:28,410
6491		-trade, okay? And you'd be able to be
6492		-
6493		-1624
6494		-01:11:28,410 ~-~-> 01:11:30,150
6495		-positioned for a longer period trade
6496		-
6497		-1625
6498		-01:11:30,900 ~-~-> 01:11:33,780
6499		-position trade. Now, again, obviously,
6500		-
6501		-1626
6502		-01:11:33,780 ~-~-> 01:11:35,460
6503		-you can go down and look into the tight
6504		-
6505		-1627
6506		-01:11:35,550 ~-~-> 01:11:38,130
6507		-smaller timeframes, okay? utilized with
6508		-
6509		-1628
6510		-01:11:38,130 ~-~-> 01:11:40,800
6511		-day trading and swing trading, short
6512		-
6513		-1629
6514		-01:11:40,800 ~-~-> 01:11:43,230
6515		-term trading, to even narrow down that
6516		-
6517		-1630
6518		-01:11:43,230 ~-~-> 01:11:45,240
6519		-smaller risk. Okay, we're not going to
6520		-
6521		-1631
6522		-01:11:45,240 ~-~-> 01:11:46,800
6523		-do that here. The only thing we've
6524		-
6525		-1632
6526		-01:11:46,800 ~-~-> 01:11:49,470
6527		-talked about thus far is we're arrived
6528		-
6529		-1633
6530		-01:11:49,470 ~-~-> 01:11:51,900
6531		-at a directional bias. So now we've
6532		-
6533		-1634
6534		-01:11:51,900 ~-~-> 01:11:55,200
6535		-expected this to happen. Okay, so at
6536		-
6537		-1635
6538		-01:11:55,200 ~-~-> 01:11:58,410
6539		-this point, if you're a position trader
6540		-
6541		-1636
6542		-01:11:58,410 ~-~-> 01:11:59,940
6543		-and you have a job and all that business
6544		-
6545		-1637
6546		-01:12:00,600 ~-~-> 01:12:02,520
6547		-This is where the market structure shift
6548		-
6549		-1638
6550		-01:12:02,520 ~-~-> 01:12:04,710
6551		-takes place. And it comes back if you do
6552		-
6553		-1639
6554		-01:12:04,710 ~-~-> 01:12:06,840
6555		-buy signal and then starts to rally up.
6556		-
6557		-1640
6558		-01:12:07,320 ~-~-> 01:12:09,960
6559		-Now, what you're doing at this point is
6560		-
6561		-1641
6562		-01:12:09,960 ~-~-> 01:12:12,450
6563		-you're gonna start mapping out all the
6564		-
6565		-1642
6566		-01:12:12,450 ~-~-> 01:12:14,370
6567		-enemy term in the short term highs and
6568		-
6569		-1643
6570		-01:12:14,370 ~-~-> 01:12:17,010
6571		-lows. Okay, so now we have this low
6572		-
6573		-1644
6574		-01:12:17,010 ~-~-> 01:12:19,350
6575		-here, with the previous low here, it's
6576		-
6577		-1645
6578		-01:12:19,350 ~-~-> 01:12:21,120
6579		-higher, and now we have a higher low
6580		-
6581		-1646
6582		-01:12:21,120 ~-~-> 01:12:23,370
6583		-here. So this makes this what an
6584		-
6585		-1647
6586		-01:12:23,370 ~-~-> 01:12:25,230
6587		-intermediate term or what we're hoping
6588		-
6589		-1648
6590		-01:12:25,230 ~-~-> 01:12:28,560
6591		-to find a long term low, okay, and you
6592		-
6593		-1649
6594		-01:12:28,560 ~-~-> 01:12:30,840
6595		-have a higher low here, and you go back
6596		-
6597		-1650
6598		-01:12:30,840 ~-~-> 01:12:32,400
6599		-here, you have a higher low here, that
6600		-
6601		-1651
6602		-01:12:32,400 ~-~-> 01:12:34,980
6603		-makes this qualified as a long term low.
6604		-
6605		-1652
6606		-01:12:35,400 ~-~-> 01:12:37,800
6607		-So now watch what happens. We have a low
6608		-
6609		-1653
6610		-01:12:38,610 ~-~-> 01:12:40,380
6611		-now we have an enemy a term high here,
6612		-
6613		-1654
6614		-01:12:40,590 ~-~-> 01:12:43,050
6615		-we could see if price runs above this
6616		-
6617		-1655
6618		-01:12:43,050 ~-~-> 01:12:45,060
6619		-high eventually here in our in our
6620		-
6621		-1656
6622		-01:12:45,060 ~-~-> 01:12:47,730
6623		-position trade, which we see here. We
6624		-
6625		-1657
6626		-01:12:47,730 ~-~-> 01:12:49,140
6627		-could see a move that's comparable from
6628		-
6629		-1658
6630		-01:12:49,140 ~-~-> 01:12:51,810
6631		-this low to this high added to this high
6632		-
6633		-1659
6634		-01:12:51,900 ~-~-> 01:12:53,850
6635		-up. Okay, and what do I mean by that?
6636		-
6637		-1660
6638		-01:12:53,850 ~-~-> 01:12:57,690
6639		-Let's take a look at this. And we have
6640		-
6641		-1661
6642		-01:12:57,690 ~-~-> 01:13:00,540
6643		-this range here. And you see Do this
6644		-
6645		-1662
6646		-01:13:00,540 ~-~-> 01:13:02,100
6647		-before as they're all measured moves and
6648		-
6649		-1663
6650		-01:13:02,100 ~-~-> 01:13:09,030
6651		-market structure. Okay, and scrolling
6652		-
6653		-1664
6654		-01:13:09,030 ~-~-> 01:13:13,290
6655		-forward and up how you verify, take it
6656		-
6657		-1665
6658		-01:13:13,290 ~-~-> 01:13:18,480
6659		-out. We have price, still meandering in
6660		-
6661		-1666
6662		-01:13:18,510 ~-~-> 01:13:21,690
6663		-a launcher consolidation. And it's got a
6664		-
6665		-1667
6666		-01:13:22,290 ~-~-> 01:13:24,510
6667		-little bit easier. You had to sit
6668		-
6669		-1668
6670		-01:13:24,510 ~-~-> 01:13:25,530
6671		-through all this but again, your
6672		-
6673		-1669
6674		-01:13:25,530 ~-~-> 01:13:27,630
6675		-position trader, you're not in there.
6676		-
6677		-1670
6678		-01:13:27,930 ~-~-> 01:13:29,730
6679		-Every day, you're in here for a longer
6680		-
6681		-1671
6682		-01:13:29,730 ~-~-> 01:13:31,830
6683		-term price move. Look what happens if
6684		-
6685		-1672
6686		-01:13:31,830 ~-~-> 01:13:33,090
6687		-you go from this point over here, go
6688		-
6689		-1673
6690		-01:13:33,090 ~-~-> 01:13:36,120
6691		-straight on over. You get this high
6692		-
6693		-1674
6694		-01:13:36,120 ~-~-> 01:13:38,160
6695		-right there. Okay, so if you're a
6696		-
6697		-1675
6698		-01:13:38,160 ~-~-> 01:13:40,140
6699		-position trader, you could have done a
6700		-
6701		-1676
6702		-01:13:40,140 ~-~-> 01:13:43,860
6703		-long here and reach for this particular
6704		-
6705		-1677
6706		-01:13:43,860 ~-~-> 01:13:45,630
6707		-high here as your first profit
6708		-
6709		-1678
6710		-01:13:45,630 ~-~-> 01:13:48,030
6711		-objective. Okay, as a position trader.
6712		-
6713		-1679
6714		-01:13:48,270 ~-~-> 01:13:49,830
6715		-So what does that equate to? Well, let's
6716		-
6717		-1680
6718		-01:13:49,830 ~-~-> 01:13:53,280
6719		-look at we have price approximately in
6720		-
6721		-1681
6722		-01:13:53,370 ~-~-> 01:13:55,080
6723		-around this area here. I'm not. I'm not
6724		-
6725		-1682
6726		-01:13:55,080 ~-~-> 01:13:56,610
6727		-gonna give you the exact pitch. It's not
6728		-
6729		-1683
6730		-01:13:56,610 ~-~-> 01:13:58,500
6731		-important here. But we're looking at a
6732		-
6733		-1684
6734		-01:13:58,500 ~-~-> 01:14:01,860
6735		-move for first profit. If 575 pips
6736		-
6737		-1685
6738		-01:14:02,400 ~-~-> 01:14:04,620
6739		-approximately. Okay? So if you're doing
6740		-
6741		-1686
6742		-01:14:04,620 ~-~-> 01:14:08,160
6743		-double tap as your, your specific
6744		-
6745		-1687
6746		-01:14:08,190 ~-~-> 01:14:10,500
6747		-trading approach, taking first profit
6748		-
6749		-1688
6750		-01:14:10,500 ~-~-> 01:14:14,730
6751		-here, okay? Your first profit is 575
6752		-
6753		-1689
6754		-01:14:14,730 ~-~-> 01:14:21,540
6755		-pips from your entry. Okay. Now when you
6756		-
6757		-1690
6758		-01:14:21,540 ~-~-> 01:14:25,230
6759		-see this swing here, okay?
6760		-
6761		-1691
6762		-01:14:27,090 ~-~-> 01:14:30,600
6763		-Again, we've now measured this initial
6764		-
6765		-1692
6766		-01:14:30,600 ~-~-> 01:14:31,860
6767		-move here but now we have this
6768		-
6769		-1693
6770		-01:14:31,860 ~-~-> 01:14:33,390
6771		-retracement as you'd hoped you would
6772		-
6773		-1694
6774		-01:14:33,390 ~-~-> 01:14:36,600
6775		-have had to absorb. Okay? We're going to
6776		-
6777		-1695
6778		-01:14:36,600 ~-~-> 01:14:39,720
6779		-talk about risk and stock placement and
6780		-
6781		-1696
6782		-01:14:40,080 ~-~-> 01:14:41,430
6783		-risk reduction and all that and we're
6784		-
6785		-1697
6786		-01:14:41,430 ~-~-> 01:14:43,590
6787		-going to apply all those concepts again,
6788		-
6789		-1698
6790		-01:14:43,980 ~-~-> 01:14:45,690
6791		-through all these different types of
6792		-
6793		-1699
6794		-01:14:46,320 ~-~-> 01:14:47,550
6795		-trading. So we're not going to talk
6796		-
6797		-1700
6798		-01:14:47,550 ~-~-> 01:14:49,440
6799		-about that here, but I promise you, we
6800		-
6801		-1701
6802		-01:14:49,470 ~-~-> 01:14:53,370
6803		-will we bring it up. You have this low
6804		-
6805		-1702
6806		-01:14:53,610 ~-~-> 01:14:57,300
6807		-to this enemy term high here. Okay. It
6808		-
6809		-1703
6810		-01:14:57,300 ~-~-> 01:14:59,610
6811		-comes down right into a sweet spot and
6812		-
6813		-1704
6814		-01:14:59,610 ~-~-> 01:15:01,560
6815		-you would be expecting this to unfold,
6816		-
6817		-1705
6818		-01:15:01,560 ~-~-> 01:15:04,230
6819		-anticipating it to unfold as price
6820		-
6821		-1706
6822		-01:15:04,230 ~-~-> 01:15:06,720
6823		-rallies up and breaks these highs and
6824		-
6825		-1707
6826		-01:15:06,720 ~-~-> 01:15:09,960
6827		-here and here. Okay, we have further
6828		-
6829		-1708
6830		-01:15:09,960 ~-~-> 01:15:12,300
6831		-evidence to suggest that any lows
6832		-
6833		-1709
6834		-01:15:12,300 ~-~-> 01:15:14,340
6835		-retraced back in here as we make higher
6836		-
6837		-1710
6838		-01:15:14,370 ~-~-> 01:15:16,320
6839		-short term highs and intermediate term
6840		-
6841		-1711
6842		-01:15:16,320 ~-~-> 01:15:18,780
6843		-highs every time we do that, that will
6844		-
6845		-1712
6846		-01:15:18,780 ~-~-> 01:15:20,820
6847		-allow us to apply market structure
6848		-
6849		-1713
6850		-01:15:21,390 ~-~-> 01:15:23,610
6851		-concepts to reach for new buying
6852		-
6853		-1714
6854		-01:15:23,610 ~-~-> 01:15:25,680
6855		-opportunities. Okay, so while you were
6856		-
6857		-1715
6858		-01:15:25,680 ~-~-> 01:15:28,320
6859		-buying here, and you saw this range from
6860		-
6861		-1716
6862		-01:15:28,320 ~-~-> 01:15:30,210
6863		-this high down to this low when we sell
6864		-
6865		-1717
6866		-01:15:30,210 ~-~-> 01:15:32,160
6867		-the retracement back here, this is
6868		-
6869		-1718
6870		-01:15:32,160 ~-~-> 01:15:35,490
6871		-another opportunity to buy more. Okay.
6872		-
6873		-1719
6874		-01:15:36,390 ~-~-> 01:15:38,580
6875		-So you can get long and build your long
6876		-
6877		-1720
6878		-01:15:38,580 ~-~-> 01:15:41,160
6879		-position up or seasonal position trade
6880		-
6881		-1721
6882		-01:15:41,190 ~-~-> 01:15:46,260
6883		-even to a larger degree. Now, assuming
6884		-
6885		-1722
6886		-01:15:47,550 ~-~-> 01:15:50,130
6887		-that you had this understanding also and
6888		-
6889		-1723
6890		-01:15:50,130 ~-~-> 01:15:52,110
6891		-you applied market structure, you can
6892		-
6893		-1724
6894		-01:15:52,110 ~-~-> 01:15:54,360
6895		-now start applying your higher level
6896		-
6897		-1725
6898		-01:15:54,390 ~-~-> 01:15:56,880
6899		-profit objectives by taking this high
6900		-
6901		-1726
6902		-01:15:58,980 ~-~-> 01:16:00,570
6903		-and I'll have to fix it. In a second
6904		-
6905		-1727
6906		-01:16:02,550 ~-~-> 01:16:06,180
6907		-pulling it from the high here, down to
6908		-
6909		-1728
6910		-01:16:06,180 ~-~-> 01:16:08,790
6911		-that low. And we have our 200 extension
6912		-
6913		-1729
6914		-01:16:08,790 ~-~-> 01:16:10,650
6915		-up here. Okay, so that'd be a nice
6916		-
6917		-1730
6918		-01:16:10,650 ~-~-> 01:16:13,590
6919		-second profit level for position trade.
6920		-
6921		-1731
6922		-01:16:14,070 ~-~-> 01:16:24,120
6923		-Okay? If you utilize the expansion tool,
6924		-
6925		-1732
6926		-01:16:25,530 ~-~-> 01:16:29,760
6927		-you take the low forms here and you
6928		-
6929		-1733
6930		-01:16:29,760 ~-~-> 01:16:33,540
6931		-apply it to here. Okay, and your 200
6932		-
6933		-1734
6934		-01:16:33,540 ~-~-> 01:16:34,650
6935		-extensions up here. So you're looking
6936		-
6937		-1735
6938		-01:16:34,650 ~-~-> 01:16:37,230
6939		-for a really long term profit objective.
6940		-
6941		-1736
6942		-01:16:37,530 ~-~-> 01:16:38,580
6943		-It's way up there.
6944		-
6945		-1737
6946		-01:16:40,110 ~-~-> 01:16:40,650
6947		-And
6948		-
6949		-1738
6950		-01:16:42,900 ~-~-> 01:16:44,940
6951		-we're still possibly reaching for that.
6952		-
6953		-1739
6954		-01:16:45,150 ~-~-> 01:16:50,550
6955		-Okay. Which is, I think is rather
6956		-
6957		-1740
6958		-01:16:50,610 ~-~-> 01:16:52,470
6959		-significant. It's above this high here.
6960		-
6961		-1741
6962		-01:16:52,860 ~-~-> 01:16:54,510
6963		-We poked above a here we talked about
6964		-
6965		-1742
6966		-01:16:54,510 ~-~-> 01:16:57,540
6967		-that real time as a cell and then ran
6968		-
6969		-1743
6970		-01:16:57,540 ~-~-> 01:17:00,960
6971		-down but definitely The point of this
6972		-
6973		-1744
6974		-01:17:00,960 ~-~-> 01:17:05,580
6975		-video plugin live market call so I
6976		-
6977		-1745
6978		-01:17:05,580 ~-~-> 01:17:09,150
6979		-apologize for that. It's not my goal
6980		-
6981		-1746
6982		-01:17:09,150 ~-~-> 01:17:18,840
6983		-here is to take this expansion tool off.
6984		-
6985		-1747
6986		-01:17:24,780 ~-~-> 01:17:26,460
6987		-Okay, so you can see how we had this
6988		-
6989		-1748
6990		-01:17:26,520 ~-~-> 01:17:28,710
6991		-trending move reversal and
6992		-
6993		-1749
6994		-01:17:28,710 ~-~-> 01:17:30,600
6995		-consolidation. So now we're applying the
6996		-
6997		-1750
6998		-01:17:30,600 ~-~-> 01:17:33,810
6999		-market profiles, market structure. Okay.
7000		-
7001		-1751
7002		-01:17:33,990 ~-~-> 01:17:38,190
7003		-So now we have a directional bias long
7004		-
7005		-1752
7006		-01:17:38,190 ~-~-> 01:17:41,370
7007		-term back here in the beginning of June.
7008		-
7009		-1753
7010		-01:17:42,780 ~-~-> 01:17:44,970
7011		-We are still in the summer months in
7012		-
7013		-1754
7014		-01:17:44,970 ~-~-> 01:17:47,910
7015		-July. Okay, we we still expect a
7016		-
7017		-1755
7018		-01:17:47,910 ~-~-> 01:17:52,530
7019		-seasonal rally. Okay. And you see this
7020		-
7021		-1756
7022		-01:17:52,530 ~-~-> 01:18:00,000
7023		-run up now. We also can apply standard
7024		-
7025		-1757
7026		-01:18:02,910 ~-~-> 01:18:06,120
7027		-Price patterns like ascending triangles,
7028		-
7029		-1758
7030		-01:18:06,150 ~-~-> 01:18:07,560
7031		-which is what you see in my video, I
7032		-
7033		-1759
7034		-01:18:07,560 ~-~-> 01:18:11,010
7035		-talked about this in the video and then
7036		-
7037		-1760
7038		-01:18:11,010 ~-~-> 01:18:12,900
7039		-talked about projections which led to
7040		-
7041		-1761
7042		-01:18:12,900 ~-~-> 01:18:14,670
7043		-this retest of this old high back here.
7044		-
7045		-1762
7046		-01:18:14,790 ~-~-> 01:18:16,740
7047		-And again, I did all that back in June,
7048		-
7049		-1763
7050		-01:18:17,160 ~-~-> 01:18:20,340
7051		-okay, late May, early June. And I was
7052		-
7053		-1764
7054		-01:18:20,340 ~-~-> 01:18:23,190
7055		-calling these highs back here before
7056		-
7057		-1765
7058		-01:18:23,190 ~-~-> 01:18:25,590
7059		-they actually happened. So now let's
7060		-
7061		-1766
7062		-01:18:25,590 ~-~-> 01:18:27,720
7063		-take a step back. Okay, and think about
7064		-
7065		-1767
7066		-01:18:27,720 ~-~-> 01:18:30,000
7067		-what we've covered. Just for position
7068		-
7069		-1768
7070		-01:18:30,000 ~-~-> 01:18:32,640
7071		-trading. Okay. We could look for entries
7072		-
7073		-1769
7074		-01:18:32,640 ~-~-> 01:18:37,530
7075		-here. Okay, and using market profiles
7076		-
7077		-1770
7078		-01:18:37,530 ~-~-> 01:18:39,810
7079		-and market structure, and blending all
7080		-
7081		-1771
7082		-01:18:39,810 ~-~-> 01:18:41,040
7083		-the things that we've talked about in
7084		-
7085		-1772
7086		-01:18:41,040 ~-~-> 01:18:43,050
7087		-other videos. Okay, we arrived at a
7088		-
7089		-1773
7090		-01:18:43,050 ~-~-> 01:18:45,450
7091		-directional bias. We're looking to get
7092		-
7093		-1774
7094		-01:18:45,450 ~-~-> 01:18:48,240
7095		-long. Okay, once we take out old highs,
7096		-
7097		-1775
7098		-01:18:48,570 ~-~-> 01:18:49,830
7099		-you just go to the left side of your
7100		-
7101		-1776
7102		-01:18:49,830 ~-~-> 01:18:52,110
7103		-chart, and there's going to be new old
7104		-
7105		-1777
7106		-01:18:52,110 ~-~-> 01:18:54,000
7107		-highs that you have to reach for if
7108		-
7109		-1778
7110		-01:18:54,030 ~-~-> 01:18:56,160
7111		-price gets above this high here, from
7112		-
7113		-1779
7114		-01:18:56,160 ~-~-> 01:18:57,900
7115		-here. In other words, we're rallying up
7116		-
7117		-1780
7118		-01:18:58,320 ~-~-> 01:18:59,430
7119		-and we make this high and starts to
7120		-
7121		-1781
7122		-01:18:59,430 ~-~-> 01:19:01,170
7123		-retrace And we go into an optimal trade
7124		-
7125		-1782
7126		-01:19:01,170 ~-~-> 01:19:04,050
7127		-entry. From this buy, where's the worst
7128		-
7129		-1783
7130		-01:19:04,050 ~-~-> 01:19:05,790
7131		-objective going to be on the upside
7132		-
7133		-1784
7134		-01:19:05,820 ~-~-> 01:19:07,170
7135		-initially, it's going to be this old
7136		-
7137		-1785
7138		-01:19:07,170 ~-~-> 01:19:09,780
7139		-high back here. And you see it fails
7140		-
7141		-1786
7142		-01:19:09,780 ~-~-> 01:19:11,280
7143		-here initially comes back and retest
7144		-
7145		-1787
7146		-01:19:11,280 ~-~-> 01:19:12,510
7147		-again. But notice what's happening.
7148		-
7149		-1788
7150		-01:19:12,990 ~-~-> 01:19:15,210
7151		-Every time it comes back, it's providing
7152		-
7153		-1789
7154		-01:19:15,210 ~-~-> 01:19:17,550
7155		-a new buying opportunities, okay? Then
7156		-
7157		-1790
7158		-01:19:17,550 ~-~-> 01:19:20,220
7159		-we have it break this high here, rate
7160		-
7161		-1791
7162		-01:19:20,250 ~-~-> 01:19:22,410
7163		-there, and it comes back and find
7164		-
7165		-1792
7166		-01:19:22,410 ~-~-> 01:19:25,110
7167		-support there. And then mark structure
7168		-
7169		-1793
7170		-01:19:25,110 ~-~-> 01:19:28,590
7171		-continues to keep making higher lows as
7172		-
7173		-1794
7174		-01:19:28,590 ~-~-> 01:19:31,920
7175		-it reaches for new highs going higher.
7176		-
7177		-1795
7178		-01:19:32,340 ~-~-> 01:19:34,320
7179		-Okay, so what is it pressing for? Was it
7180		-
7181		-1796
7182		-01:19:34,320 ~-~-> 01:19:36,420
7183		-reaching for, it's going to reach for an
7184		-
7185		-1797
7186		-01:19:36,420 ~-~-> 01:19:38,550
7187		-old level of resistance, which is back
7188		-
7189		-1798
7190		-01:19:38,550 ~-~-> 01:19:41,700
7191		-here. Okay. So now, we would be reaching
7192		-
7193		-1799
7194		-01:19:41,700 ~-~-> 01:19:47,100
7195		-for this level for long here, and had
7196		-
7197		-1800
7198		-01:19:47,100 ~-~-> 01:19:48,690
7199		-you done that you would have been able
7200		-
7201		-1801
7202		-01:19:48,690 ~-~-> 01:19:50,370
7203		-to get some profits, very handsome
7204		-
7205		-1802
7206		-01:19:50,370 ~-~-> 01:19:52,410
7207		-profits here. And if you were using that
7208		-
7209		-1803
7210		-01:19:52,410 ~-~-> 01:19:55,530
7211		-as your secondary exit point, again, not
7212		-
7213		-1804
7214		-01:19:55,560 ~-~-> 01:19:57,390
7215		-using the ideal point of entry on this.
7216		-
7217		-1805
7218		-01:19:58,140 ~-~-> 01:20:00,540
7219		-eyeball on, we just use the old Hi back
7220		-
7221		-1806
7222		-01:20:00,540 ~-~-> 01:20:04,260
7223		-here. That's 965 pips. So if you first
7224		-
7225		-1807
7226		-01:20:04,260 ~-~-> 01:20:06,840
7227		-profit was 575. And your second profit
7228		-
7229		-1808
7230		-01:20:06,990 ~-~-> 01:20:10,920
7231		-was 965 pips. Yeah, good grief. You
7232		-
7233		-1809
7234		-01:20:10,920 ~-~-> 01:20:12,750
7235		-know, you're not doing a whole lot of
7236		-
7237		-1810
7238		-01:20:12,750 ~-~-> 01:20:16,230
7239		-trading, but you're also taking off the
7240		-
7241		-1811
7242		-01:20:16,230 ~-~-> 01:20:18,780
7243		-market a huge amount of pips. So if
7244		-
7245		-1812
7246		-01:20:18,780 ~-~-> 01:20:20,520
7247		-you're just now getting yourself
7248		-
7249		-1813
7250		-01:20:20,610 ~-~-> 01:20:22,560
7251		-acclimated to trading, and you have a
7252		-
7253		-1814
7254		-01:20:22,620 ~-~-> 01:20:24,270
7255		-full time job, and you maybe have kids
7256		-
7257		-1815
7258		-01:20:24,270 ~-~-> 01:20:25,770
7259		-you got to take care of, there's no
7260		-
7261		-1816
7262		-01:20:25,770 ~-~-> 01:20:27,810
7263		-excuse why you can't take profits out of
7264		-
7265		-1817
7266		-01:20:27,810 ~-~-> 01:20:32,730
7267		-the marketplace. But the point is, is if
7268		-
7269		-1818
7270		-01:20:32,730 ~-~-> 01:20:35,220
7271		-you start with this premise, it'll help
7272		-
7273		-1819
7274		-01:20:35,220 ~-~-> 01:20:38,220
7275		-you when you start applying some changes
7276		-
7277		-1820
7278		-01:20:38,220 ~-~-> 01:20:39,840
7279		-to your life that you hopefully can do.
7280		-
7281		-1821
7282		-01:20:40,140 ~-~-> 01:20:42,720
7283		-And allow yourself to get more closer to
7284		-
7285		-1822
7286		-01:20:42,720 ~-~-> 01:20:44,460
7287		-swing trading or short term trading, you
7288		-
7289		-1823
7290		-01:20:44,460 ~-~-> 01:20:45,990
7291		-actually have a lot more participation
7292		-
7293		-1824
7294		-01:20:45,990 ~-~-> 01:20:49,800
7295		-in the marketplace. This approach to
7296		-
7297		-1825
7298		-01:20:49,860 ~-~-> 01:20:53,430
7299		-analysis will provide you a wealth of
7300		-
7301		-1826
7302		-01:20:53,430 ~-~-> 01:20:55,590
7303		-insight, huge amount of insight, okay,
7304		-
7305		-1827
7306		-01:20:55,590 ~-~-> 01:20:56,730
7307		-cuz we're getting ready to take a huge
7308		-
7309		-1828
7310		-01:20:56,730 ~-~-> 01:20:59,910
7311		-step. Okay. And those that have missed
7312		-
7313		-1829
7314		-01:20:59,910 ~-~-> 01:21:01,620
7315		-it. Up to this point in the last three
7316		-
7317		-1830
7318		-01:21:01,620 ~-~-> 01:21:04,890
7319		-years on my journey with you guys on
7320		-
7321		-1831
7322		-01:21:04,890 ~-~-> 01:21:08,220
7323		-baby pips and sharing, you're going to
7324		-
7325		-1832
7326		-01:21:08,700 ~-~-> 01:21:10,530
7327		-hopefully have that epiphany, okay, it's
7328		-
7329		-1833
7330		-01:21:10,530 ~-~-> 01:21:12,240
7331		-going to be Whoa, there it is. It makes
7332		-
7333		-1834
7334		-01:21:12,240 ~-~-> 01:21:15,360
7335		-sense now. Okay. We have been talking,
7336		-
7337		-1835
7338		-01:21:15,750 ~-~-> 01:21:18,360
7339		-okay, most of this video just about the
7340		-
7341		-1836
7342		-01:21:18,360 ~-~-> 01:21:20,070
7343		-monthly, weekly and a daily now we're
7344		-
7345		-1837
7346		-01:21:20,070 ~-~-> 01:21:21,690
7347		-just spending a little bit of time on a
7348		-
7349		-1838
7350		-01:21:21,690 ~-~-> 01:21:22,980
7351		-one hour four hour chart just to
7352		-
7353		-1839
7354		-01:21:23,430 ~-~-> 01:21:26,460
7355		-illustrate, you know, how these things
7356		-
7357		-1840
7358		-01:21:26,460 ~-~-> 01:21:29,040
7359		-work out using the higher timeframe. So,
7360		-
7361		-1841
7362		-01:21:29,220 ~-~-> 01:21:30,840
7363		-we've covered the position trading,
7364		-
7365		-1842
7366		-01:21:30,900 ~-~-> 01:21:32,820
7367		-okay, and we've arrived at a directional
7368		-
7369		-1843
7370		-01:21:32,820 ~-~-> 01:21:34,920
7371		-premise here. Okay. So if you're a
7372		-
7373		-1844
7374		-01:21:34,920 ~-~-> 01:21:35,970
7375		-position trader, this is how it could
7376		-
7377		-1845
7378		-01:21:35,970 ~-~-> 01:21:39,300
7379		-have been done. Okay. Now, we're gonna
7380		-
7381		-1846
7382		-01:21:39,330 ~-~-> 01:21:41,460
7383		-get ready, take a huge step, we're gonna
7384		-
7385		-1847
7386		-01:21:41,460 ~-~-> 01:21:44,670
7387		-take a huge step forward, okay, and
7388		-
7389		-1848
7390		-01:21:44,670 ~-~-> 01:21:48,840
7391		-apply even more detail to the same
7392		-
7393		-1849
7394		-01:21:48,840 ~-~-> 01:21:53,190
7395		-premise. Okay, so now what we've done is
7396		-
7397		-1850
7398		-01:21:53,190 ~-~-> 01:21:58,020
7399		-we've essentially mapped out a time
7400		-
7401		-1851
7402		-01:22:00,000 ~-~-> 01:22:00,870
7403		-Price.
7404		-
7405		-1852
7406		-01:22:03,690 ~-~-> 01:22:06,990
7407		-Okay, and now I'm going to for the sake
7408		-
7409		-1853
7410		-01:22:06,990 ~-~-> 01:22:10,170
7411		-of honesty, because I wouldn't have
7412		-
7413		-1854
7414		-01:22:10,170 ~-~-> 01:22:13,290
7415		-known exactly when timewise it reached
7416		-
7417		-1855
7418		-01:22:13,290 ~-~-> 01:22:15,750
7419		-this area in terms of price, but I
7420		-
7421		-1856
7422		-01:22:15,750 ~-~-> 01:22:18,000
7423		-extended it past a little bit, but this
7424		-
7425		-1857
7426		-01:22:18,000 ~-~-> 01:22:19,230
7427		-is the high would have been aiming for.
7428		-
7429		-1858
7430		-01:22:19,230 ~-~-> 01:22:21,990
7431		-So from this point in here, the ranges
7432		-
7433		-1859
7434		-01:22:21,990 ~-~-> 01:22:24,030
7435		-the old high here and wherever we would
7436		-
7437		-1860
7438		-01:22:24,030 ~-~-> 01:22:25,950
7439		-have entered a higher timeframe,
7440		-
7441		-1861
7442		-01:22:26,400 ~-~-> 01:22:28,950
7443		-positional trade. Okay, so now watch
7444		-
7445		-1862
7446		-01:22:28,950 ~-~-> 01:22:31,350
7447		-what's happening. We're going to be now
7448		-
7449		-1863
7450		-01:22:31,350 ~-~-> 01:22:34,380
7451		-moving into the realm of swing trading.
7452		-
7453		-1864
7454		-01:22:34,830 ~-~-> 01:22:37,020
7455		-Okay, so how do you arrive at your
7456		-
7457		-1865
7458		-01:22:37,020 ~-~-> 01:22:38,670
7459		-directional premise for swing trading?
7460		-
7461		-1866
7462		-01:22:39,120 ~-~-> 01:22:42,780
7463		-Well, it doesn't take a rocket scientist
7464		-
7465		-1867
7466		-01:22:42,930 ~-~-> 01:22:44,970
7467		-to figure out that if we're higher
7468		-
7469		-1868
7470		-01:22:44,970 ~-~-> 01:22:47,730
7471		-timeframe, positional trading, expecting
7472		-
7473		-1869
7474		-01:22:47,730 ~-~-> 01:22:50,070
7475		-this type of move higher, okay, and
7476		-
7477		-1870
7478		-01:22:50,070 ~-~-> 01:22:53,490
7479		-again, it's very, very, very important.
7480		-
7481		-1871
7482		-01:22:53,520 ~-~-> 01:22:55,740
7483		-You guys go back and look at the videos
7484		-
7485		-1872
7486		-01:22:56,310 ~-~-> 01:22:59,400
7487		-that I did during the late spring in
7488		-
7489		-1873
7490		-01:22:59,460 ~-~-> 01:23:02,550
7491		-hole. The whole entire month of August
7492		-
7493		-1874
7494		-01:23:02,580 ~-~-> 01:23:05,580
7495		-in June and July. I call this market
7496		-
7497		-1875
7498		-01:23:05,580 ~-~-> 01:23:07,590
7499		-higher using what I'm sharing with you
7500		-
7501		-1876
7502		-01:23:07,590 ~-~-> 01:23:09,870
7503		-now. Okay? So you know, it works in
7504		-
7505		-1877
7506		-01:23:09,870 ~-~-> 01:23:12,000
7507		-advance. It's not like I went backwards
7508		-
7509		-1878
7510		-01:23:12,000 ~-~-> 01:23:14,010
7511		-and giving you the best of the best.
7512		-
7513		-1879
7514		-01:23:14,670 ~-~-> 01:23:17,340
7515		-This is how it's done. Okay? And I use
7516		-
7517		-1880
7518		-01:23:17,340 ~-~-> 01:23:19,380
7519		-higher timeframe directional premise to
7520		-
7521		-1881
7522		-01:23:19,380 ~-~-> 01:23:21,870
7523		-facilitate all of my other trades. Okay.
7524		-
7525		-1882
7526		-01:23:22,680 ~-~-> 01:23:25,260
7527		-So now let's break this down into a
7528		-
7529		-1883
7530		-01:23:25,770 ~-~-> 01:23:27,660
7531		-means of swing trading. So now we're
7532		-
7533		-1884
7534		-01:23:27,660 ~-~-> 01:23:31,800
7535		-gonna change to a daily Okay, and now
7536		-
7537		-1885
7538		-01:23:31,800 ~-~-> 01:23:34,110
7539		-you can see by looking into daily, this
7540		-
7541		-1886
7542		-01:23:34,110 ~-~-> 01:23:38,010
7543		-is that portion of the market, okay,
7544		-
7545		-1887
7546		-01:23:38,160 ~-~-> 01:23:40,230
7547		-we've mapped out for a high probability
7548		-
7549		-1888
7550		-01:23:40,740 ~-~-> 01:23:43,590
7551		-of seeing a buy program, okay, now by
7552		-
7553		-1889
7554		-01:23:43,590 ~-~-> 01:23:45,420
7555		-programmers, when you look primarily for
7556		-
7557		-1890
7558		-01:23:45,420 ~-~-> 01:23:49,050
7559		-buys, okay? The direction is most likely
7560		-
7561		-1891
7562		-01:23:49,560 ~-~-> 01:23:52,350
7563		-to have least resistance going up. Okay,
7564		-
7565		-1892
7566		-01:23:52,350 ~-~-> 01:23:53,520
7567		-so that's the best. Basically what
7568		-
7569		-1893
7570		-01:23:53,520 ~-~-> 01:23:55,980
7571		-you're doing is, as a trader, you map
7572		-
7573		-1894
7574		-01:23:55,980 ~-~-> 01:23:57,600
7575		-out the marketplace. You're looking for
7576		-
7577		-1895
7578		-01:23:57,600 ~-~-> 01:24:01,170
7579		-the least of Resistance, because that's
7580		-
7581		-1896
7582		-01:24:01,170 ~-~-> 01:24:02,400
7583		-exactly where the markets going to go.
7584		-
7585		-1897
7586		-01:24:02,700 ~-~-> 01:24:04,620
7587		-Okay? Whenever there's the least amount
7588		-
7589		-1898
7590		-01:24:04,620 ~-~-> 01:24:06,930
7591		-of resistance, that's the highest
7592		-
7593		-1899
7594		-01:24:06,930 ~-~-> 01:24:08,910
7595		-probability in terms of trade direction.
7596		-
7597		-1900
7598		-01:24:08,940 ~-~-> 01:24:10,440
7599		-So that's, that's one of the easiest
7600		-
7601		-1901
7602		-01:24:10,440 ~-~-> 01:24:13,770
7603		-ways to remember. Where is the open
7604		-
7605		-1902
7606		-01:24:13,770 ~-~-> 01:24:16,680
7607		-spaces and charts. Okay? Once you break
7608		-
7609		-1903
7610		-01:24:16,680 ~-~-> 01:24:17,940
7611		-these highs, look what you had back
7612		-
7613		-1904
7614		-01:24:17,940 ~-~-> 01:24:19,800
7615		-here. You have a very short term high
7616		-
7617		-1905
7618		-01:24:19,800 ~-~-> 01:24:21,060
7619		-here, and then you had some
7620		-
7621		-1906
7622		-01:24:21,060 ~-~-> 01:24:22,950
7623		-consolidation there. But look what
7624		-
7625		-1907
7626		-01:24:22,950 ~-~-> 01:24:24,600
7627		-happened after that boom vertical,
7628		-
7629		-1908
7630		-01:24:24,660 ~-~-> 01:24:26,610
7631		-because it was filling in all this price
7632		-
7633		-1909
7634		-01:24:26,610 ~-~-> 01:24:29,340
7635		-action. There's no discernible. Okay.
7636		-
7637		-1910
7638		-01:24:30,000 ~-~-> 01:24:31,320
7639		-support resistance, and now there were
7640		-
7641		-1911
7642		-01:24:31,320 ~-~-> 01:24:32,730
7643		-short term that you could have used
7644		-
7645		-1912
7646		-01:24:32,730 ~-~-> 01:24:33,990
7647		-obviously, and as we look into smaller
7648		-
7649		-1913
7650		-01:24:33,990 ~-~-> 01:24:35,940
7651		-timeframes, but the point is, is there's
7652		-
7653		-1914
7654		-01:24:36,090 ~-~-> 01:24:38,370
7655		-very little resistance in terms of the
7656		-
7657		-1915
7658		-01:24:38,370 ~-~-> 01:24:40,740
7659		-higher timeframe price move, because
7660		-
7661		-1916
7662		-01:24:41,430 ~-~-> 01:24:43,740
7663		-once we found consolidation here, there
7664		-
7665		-1917
7666		-01:24:43,740 ~-~-> 01:24:45,420
7667		-was accumulation on their way here. We
7668		-
7669		-1918
7670		-01:24:45,420 ~-~-> 01:24:47,760
7671		-talked about this real time. Okay, that
7672		-
7673		-1919
7674		-01:24:47,760 ~-~-> 01:24:49,440
7675		-means the big boys, the institutional
7676		-
7677		-1920
7678		-01:24:49,440 ~-~-> 01:24:50,940
7679		-players, okay, they were accumulating
7680		-
7681		-1921
7682		-01:24:50,940 ~-~-> 01:24:53,640
7683		-Long's in here. There's a lot of folks
7684		-
7685		-1922
7686		-01:24:53,640 ~-~-> 01:24:55,410
7687		-that were calling this market low here.
7688		-
7689		-1923
7690		-01:24:55,800 ~-~-> 01:24:56,970
7691		-Lower, it's going to go low. It's gonna
7692		-
7693		-1924
7694		-01:24:56,970 ~-~-> 01:24:59,520
7695		-go a call to five or lower here, not us.
7696		-
7697		-1925
7698		-01:25:00,000 ~-~-> 01:25:01,890
7699		-We knew looking at charts that there was
7700		-
7701		-1926
7702		-01:25:01,890 ~-~-> 01:25:04,530
7703		-accumulation going on the way. Now, with
7704		-
7705		-1927
7706		-01:25:04,530 ~-~-> 01:25:05,940
7707		-that premise in mind, all we did was
7708		-
7709		-1928
7710		-01:25:05,940 ~-~-> 01:25:08,310
7711		-wait for price action to prove to us
7712		-
7713		-1929
7714		-01:25:08,310 ~-~-> 01:25:10,500
7715		-that it was going to go higher. Okay, so
7716		-
7717		-1930
7718		-01:25:10,500 ~-~-> 01:25:13,560
7719		-now we have the daily chart here, and
7720		-
7721		-1931
7722		-01:25:13,560 ~-~-> 01:25:15,180
7723		-we're moving down into a swing traders
7724		-
7725		-1932
7726		-01:25:15,180 ~-~-> 01:25:18,210
7727		-mindset. Okay, so now you're not so much
7728		-
7729		-1933
7730		-01:25:18,300 ~-~-> 01:25:20,100
7731		-a position trader, you want to have a
7732		-
7733		-1934
7734		-01:25:20,100 ~-~-> 01:25:22,290
7735		-little bit more active role in trading.
7736		-
7737		-1935
7738		-01:25:22,650 ~-~-> 01:25:24,420
7739		-And that means your trades are going to
7740		-
7741		-1936
7742		-01:25:24,420 ~-~-> 01:25:26,010
7743		-be a little bit longer than one week.
7744		-
7745		-1937
7746		-01:25:26,160 ~-~-> 01:25:27,690
7747		-Okay, so it could be one week to a
7748		-
7749		-1938
7750		-01:25:27,690 ~-~-> 01:25:32,130
7751		-month. Let's break this down and take a
7752		-
7753		-1939
7754		-01:25:32,130 ~-~-> 01:25:35,790
7755		-look at how you as a trader could be a
7756		-
7757		-1940
7758		-01:25:35,790 ~-~-> 01:25:38,280
7759		-swing trader. Now I'm going to have to
7760		-
7761		-1941
7762		-01:25:38,280 ~-~-> 01:25:40,470
7763		-unfortunately change the color of this
7764		-
7765		-1942
7766		-01:25:41,040 ~-~-> 01:25:44,370
7767		-rectangle because it's just a little too
7768		-
7769		-1943
7770		-01:25:44,370 ~-~-> 01:25:49,440
7771		-much. In terms of blue, there's nothing
7772		-
7773		-1944
7774		-01:25:49,440 ~-~-> 01:25:52,470
7775		-wrong with blue. I just can't have it
7776		-
7777		-1945
7778		-01:25:53,160 ~-~-> 01:25:54,060
7779		-looking like this.
7780		-
7781		-1946
7782		-01:26:02,760 ~-~-> 01:26:05,400
7783		-See what that does? It doesn't help me
7784		-
7785		-1947
7786		-01:26:05,400 ~-~-> 01:26:05,880
7787		-out you.
7788		-
7789		-1948
7790		-01:26:08,610 ~-~-> 01:26:09,960
7791		-It's good to love it darker.
7792		-
7793		-1949
7794		-01:26:12,389 ~-~-> 01:26:16,379
7795		-And let's go to purple and light work.
7796		-
7797		-1950
7798		-01:26:17,459 ~-~-> 01:26:18,779
7799		-Yeah, that's alright. That's good. And
7800		-
7801		-1951
7802		-01:26:18,779 ~-~-> 01:26:20,189
7803		-if it doesn't work for you guys, yeah,
7804		-
7805		-1952
7806		-01:26:20,219 ~-~-> 01:26:24,419
7807		-suck it up. So we have the market Mark
7808		-
7809		-1953
7810		-01:26:24,629 ~-~-> 01:26:26,759
7811		-market structure shift that took place
7812		-
7813		-1954
7814		-01:26:26,759 ~-~-> 01:26:29,489
7815		-back in here in the beginning of June.
7816		-
7817		-1955
7818		-01:26:29,639 ~-~-> 01:26:33,479
7819		-Okay. So now as a swing trader, okay,
7820		-
7821		-1956
7822		-01:26:33,479 ~-~-> 01:26:34,589
7823		-what you're going to do is you're going
7824		-
7825		-1957
7826		-01:26:34,589 ~-~-> 01:26:37,109
7827		-to wait for your higher timeframe
7828		-
7829		-1958
7830		-01:26:37,199 ~-~-> 01:26:40,199
7831		-directional premise to come into play
7832		-
7833		-1959
7834		-01:26:40,199 ~-~-> 01:26:42,149
7835		-and using the daily chart, that's your
7836		-
7837		-1960
7838		-01:26:42,359 ~-~-> 01:26:45,809
7839		-primary high timeframe chart. Okay. And
7840		-
7841		-1961
7842		-01:26:45,809 ~-~-> 01:26:49,139
7843		-assuming that and you're looking at
7844		-
7845		-1962
7846		-01:26:49,139 ~-~-> 01:26:51,569
7847		-price making this rally up here, okay,
7848		-
7849		-1963
7850		-01:26:51,809 ~-~-> 01:26:53,999
7851		-you as a swing trader, the setup you
7852		-
7853		-1964
7854		-01:26:53,999 ~-~-> 01:26:58,559
7855		-would be hunting was this from this low
7856		-
7857		-1965
7858		-01:27:00,209 ~-~-> 01:27:03,929
7859		-Hi, right in here. Now again, I'm going
7860		-
7861		-1966
7862		-01:27:03,929 ~-~-> 01:27:05,879
7863		-to counsel you to go and look at the
7864		-
7865		-1967
7866		-01:27:05,879 ~-~-> 01:27:09,899
7867		-videos. You'll see me with a trade long
7868		-
7869		-1968
7870		-01:27:09,929 ~-~-> 01:27:12,179
7871		-here. And it was a swing trade. Okay.
7872		-
7873		-1969
7874		-01:27:12,719 ~-~-> 01:27:14,129
7875		-And this is the reason why I did it.
7876		-
7877		-1970
7878		-01:27:14,639 ~-~-> 01:27:16,709
7879		-Because I anticipated this range here,
7880		-
7881		-1971
7882		-01:27:16,739 ~-~-> 01:27:18,899
7883		-the retracement back, we were still
7884		-
7885		-1972
7886		-01:27:19,109 ~-~-> 01:27:22,109
7887		-within a higher time frame probability
7888		-
7889		-1973
7890		-01:27:22,109 ~-~-> 01:27:24,089
7891		-of at least trying to trade back in the
7892		-
7893		-1974
7894		-01:27:24,089 ~-~-> 01:27:26,309
7895		-range that was from this high to this
7896		-
7897		-1975
7898		-01:27:26,309 ~-~-> 01:27:28,499
7899		-low. So now again, all I'm sticking with
7900		-
7901		-1976
7902		-01:27:28,499 ~-~-> 01:27:30,869
7903		-is that higher time frame premise or a
7904		-
7905		-1977
7906		-01:27:30,929 ~-~-> 01:27:33,359
7907		-bullish scenario. Okay, so I'm expecting
7908		-
7909		-1978
7910		-01:27:33,359 ~-~-> 01:27:35,399
7911		-bullish prices. So now what am I going
7912		-
7913		-1979
7914		-01:27:35,399 ~-~-> 01:27:37,919
7915		-to do as a swing trader? I'm gonna be
7916		-
7917		-1980
7918		-01:27:37,919 ~-~-> 01:27:41,189
7919		-looking for trade like this. Okay, this
7920		-
7921		-1981
7922		-01:27:41,189 ~-~-> 01:27:43,499
7923		-low to high and I'm going to be looking
7924		-
7925		-1982
7926		-01:27:43,499 ~-~-> 01:27:46,379
7927		-to get long here. Okay. So now watch.
7928		-
7929		-1983
7930		-01:27:47,099 ~-~-> 01:27:50,219
7931		-We're going to go down into that same
7932		-
7933		-1984
7934		-01:27:50,219 ~-~-> 01:27:54,959
7935		-little area. And we'll just take the 62
7936		-
7937		-1985
7938		-01:27:56,279 ~-~-> 01:27:59,159
7939		-to 79 and block out that little area
7940		-
7941		-1986
7942		-01:27:59,159 ~-~-> 01:28:02,009
7943		-here. Okay. So we have identified a
7944		-
7945		-1987
7946		-01:28:02,009 ~-~-> 01:28:04,469
7947		-level when we would expect to see the
7948		-
7949		-1988
7950		-01:28:04,469 ~-~-> 01:28:08,069
7951		-auto trade entry form. Okay? We saw old
7952		-
7953		-1989
7954		-01:28:08,069 ~-~-> 01:28:10,559
7955		-highs in here, old lows in here. So we
7956		-
7957		-1990
7958		-01:28:10,559 ~-~-> 01:28:15,419
7959		-do know around that 154 20 level, okay
7960		-
7961		-1991
7962		-01:28:15,449 ~-~-> 01:28:20,549
7963		-or 154 figure that's highly likely that
7964		-
7965		-1992
7966		-01:28:20,549 ~-~-> 01:28:22,019
7967		-we will see a bounce there because we're
7968		-
7969		-1993
7970		-01:28:22,019 ~-~-> 01:28:23,729
7971		-inside the optimal trade entry 62 to
7972		-
7973		-1994
7974		-01:28:23,729 ~-~-> 01:28:25,079
7975		-seven nights of chasing level in the fib
7976		-
7977		-1995
7978		-01:28:25,439 ~-~-> 01:28:27,599
7979		-based on this retracement of this high
7980		-
7981		-1996
7982		-01:28:27,989 ~-~-> 01:28:30,029
7983		-in this low in here. So we traced back
7984		-
7985		-1997
7986		-01:28:30,059 ~-~-> 01:28:32,249
7987		-into a deeper retracement while still
7988		-
7989		-1998
7990		-01:28:32,249 ~-~-> 01:28:33,869
7991		-being in a higher time frame bullish
7992		-
7993		-1999
7994		-01:28:33,869 ~-~-> 01:28:35,279
7995		-scenario that we just mapped out from
7996		-
7997		-2000
7998		-01:28:35,279 ~-~-> 01:28:37,589
7999		-the monthly, weekly and daily. So now
8000		-
8001		-2001
8002		-01:28:37,589 ~-~-> 01:28:43,829
8003		-let's drill in to a four hour which is
8004		-
8005		-2002
8006		-01:28:43,829 ~-~-> 01:28:48,659
8007		-the next chart that we utilize. Okay, so
8008		-
8009		-2003
8010		-01:28:48,659 ~-~-> 01:28:50,219
8011		-now we have that little area down in
8012		-
8013		-2004
8014		-01:28:50,219 ~-~-> 01:28:52,889
8015		-here. Okay, so now you're gonna apply
8016		-
8017		-2005
8018		-01:28:53,309 ~-~-> 01:28:54,719
8019		-all the concepts we've already talked
8020		-
8021		-2006
8022		-01:28:54,719 ~-~-> 01:28:58,889
8023		-about. Okay? You see this low to this
8024		-
8025		-2007
8026		-01:28:58,889 ~-~-> 01:29:02,429
8027		-high in here. If this is the area we're
8028		-
8029		-2008
8030		-01:29:02,429 ~-~-> 01:29:05,639
8031		-hunting for possible low to form to get
8032		-
8033		-2009
8034		-01:29:05,639 ~-~-> 01:29:07,619
8035		-long on that higher timeframe daily,
8036		-
8037		-2010
8038		-01:29:08,519 ~-~-> 01:29:11,669
8039		-okay to hunt a optimal trade entry long
8040		-
8041		-2011
8042		-01:29:12,989 ~-~-> 01:29:14,879
8043		-look what happens if you take that low
8044		-
8045		-2012
8046		-01:29:15,689 ~-~-> 01:29:19,199
8047		-and you apply one of our trademark
8048		-
8049		-2013
8050		-01:29:19,199 ~-~-> 01:29:28,169
8051		-patterns ICT Grail oops. Yeah, well,
8052		-
8053		-2014
8054		-01:29:29,219 ~-~-> 01:29:31,289
8055		-here's the 62% retracement level here.
8056		-
8057		-2015
8058		-01:29:32,189 ~-~-> 01:29:33,629
8059		-Okay, it's overlapping with this level
8060		-
8061		-2016
8062		-01:29:33,629 ~-~-> 01:29:37,019
8063		-here on this low. Here is the level is
8064		-
8065		-2017
8066		-01:29:37,019 ~-~-> 01:29:39,749
8067		-200 level this is how we hunt the ICT
8068		-
8069		-2018
8070		-01:29:39,749 ~-~-> 01:29:41,789
8071		-reflection. So we have a confluence a
8072		-
8073		-2019
8074		-01:29:41,789 ~-~-> 01:29:43,649
8075		-lot of factors here suggesting this is
8076		-
8077		-2020
8078		-01:29:43,649 ~-~-> 01:29:46,199
8079		-going to be low. And again, please go
8080		-
8081		-2021
8082		-01:29:46,199 ~-~-> 01:29:48,959
8083		-back to the videos during these months.
8084		-
8085		-2022
8086		-01:29:49,079 ~-~-> 01:29:50,969
8087		-Okay, when I'm doing pro traders clubs
8088		-
8089		-2023
8090		-01:29:50,969 ~-~-> 01:29:52,949
8091		-and, and market reviews on the weekend,
8092		-
8093		-2024
8094		-01:29:53,429 ~-~-> 01:29:56,129
8095		-you'll see me talk about these and show
8096		-
8097		-2025
8098		-01:29:56,129 ~-~-> 01:29:58,349
8099		-you okay in many times there's examples
8100		-
8101		-2026
8102		-01:29:58,349 ~-~-> 01:30:01,109
8103		-of trade entries and actual live events
8104		-
8105		-2027
8106		-01:30:01,139 ~-~-> 01:30:03,599
8107		-where actually did trades and show you
8108		-
8109		-2028
8110		-01:30:03,599 ~-~-> 01:30:06,149
8111		-the results of it. But here you have a
8112		-
8113		-2029
8114		-01:30:06,209 ~-~-> 01:30:09,209
8115		-reflection pattern overlapping with a
8116		-
8117		-2030
8118		-01:30:09,209 ~-~-> 01:30:13,859
8119		-higher level. ot. Okay, so this is your
8120		-
8121		-2031
8122		-01:30:13,859 ~-~-> 01:30:18,749
8123		-entry for a swing trade. Okay? But if
8124		-
8125		-2032
8126		-01:30:18,749 ~-~-> 01:30:21,479
8127		-you miss this one, okay, if you miss
8128		-
8129		-2033
8130		-01:30:21,479 ~-~-> 01:30:26,009
8131		-this one, we're on a second chart on our
8132		-
8133		-2034
8134		-01:30:26,069 ~-~-> 01:30:27,869
8135		-higher timeframe for swing trading the
8136		-
8137		-2035
8138		-01:30:27,869 ~-~-> 01:30:30,299
8139		-dailies the highest and the four hour is
8140		-
8141		-2036
8142		-01:30:30,299 ~-~-> 01:30:31,439
8143		-a secondary, this is what we're looking
8144		-
8145		-2037
8146		-01:30:31,439 ~-~-> 01:30:33,749
8147		-at now the four hour but if you miss
8148		-
8149		-2038
8150		-01:30:33,749 ~-~-> 01:30:39,449
8151		-this, how do you take action? Think how
8152		-
8153		-2039
8154		-01:30:39,449 ~-~-> 01:30:41,159
8155		-do you take action if you want to be a
8156		-
8157		-2040
8158		-01:30:41,159 ~-~-> 01:30:44,069
8159		-swing trader and you miss the easiest
8160		-
8161		-2041
8162		-01:30:45,719 ~-~-> 01:30:47,549
8163		-entry in terms of the higher timeframe
8164		-
8165		-2042
8166		-01:30:47,549 ~-~-> 01:30:49,169
8167		-daily? What do you do?
8168		-
8169		-2043
8170		-01:30:51,240 ~-~-> 01:30:53,280
8171		-You wait for market structure to prove
8172		-
8173		-2044
8174		-01:30:53,280 ~-~-> 01:30:56,040
8175		-to you that it's gonna go higher. Okay,
8176		-
8177		-2045
8178		-01:30:56,160 ~-~-> 01:30:58,530
8179		-and that's this high right here. When
8180		-
8181		-2046
8182		-01:30:58,530 ~-~-> 01:31:01,650
8183		-now is taken out here Okay, you don't
8184		-
8185		-2047
8186		-01:31:01,710 ~-~-> 01:31:03,660
8187		-chase after once railing it like this,
8188		-
8189		-2048
8190		-01:31:03,930 ~-~-> 01:31:06,450
8191		-because you're zoomed out to a daily and
8192		-
8193		-2049
8194		-01:31:06,450 ~-~-> 01:31:07,980
8195		-four hour, you're going to allow it to
8196		-
8197		-2050
8198		-01:31:07,980 ~-~-> 01:31:11,010
8199		-run up and give you a range. And then
8200		-
8201		-2051
8202		-01:31:11,010 ~-~-> 01:31:12,780
8203		-when it starts to retrace, what do you
8204		-
8205		-2052
8206		-01:31:12,780 ~-~-> 01:31:15,750
8207		-do? you map out where the next signal is
8208		-
8209		-2053
8210		-01:31:15,750 ~-~-> 01:31:18,240
8211		-going to likely to occur turn based on
8212		-
8213		-2054
8214		-01:31:18,240 ~-~-> 01:31:21,150
8215		-price. Okay, what does that look like?
8216		-
8217		-2055
8218		-01:31:21,150 ~-~-> 01:31:23,460
8219		-Well, you take your fib, and here's the
8220		-
8221		-2056
8222		-01:31:23,460 ~-~-> 01:31:25,530
8223		-lowest that you missed, but you may be
8224		-
8225		-2057
8226		-01:31:25,530 ~-~-> 01:31:30,180
8227		-anticipated. Here's the new range. Okay,
8228		-
8229		-2058
8230		-01:31:30,210 ~-~-> 01:31:32,940
8231		-this low, too high. Your directional
8232		-
8233		-2059
8234		-01:31:32,940 ~-~-> 01:31:37,050
8235		-premise is still What? Long? Okay, you
8236		-
8237		-2060
8238		-01:31:37,050 ~-~-> 01:31:39,240
8239		-want to be a buyer. So you wait for
8240		-
8241		-2061
8242		-01:31:39,240 ~-~-> 01:31:40,260
8243		-price to come down, look at the
8244		-
8245		-2062
8246		-01:31:40,260 ~-~-> 01:31:42,480
8247		-overlapping of setting line and this old
8248		-
8249		-2063
8250		-01:31:42,690 ~-~-> 01:31:45,630
8251		-fib here, we have a nice confluence of
8252		-
8253		-2064
8254		-01:31:45,660 ~-~-> 01:31:47,490
8255		-the optimal trade entry right in here.
8256		-
8257		-2065
8258		-01:31:48,000 ~-~-> 01:31:50,310
8259		-Okay, so now you're getting long at the
8260		-
8261		-2066
8262		-01:31:50,310 ~-~-> 01:31:52,770
8263		-154 80 level behance. Now you can see it
8264		-
8265		-2067
8266		-01:31:52,770 ~-~-> 01:31:57,150
8267		-over here, or 155 figure. Okay, you can
8268		-
8269		-2068
8270		-01:31:57,150 ~-~-> 01:32:00,000
8271		-get long in that and have a wrap
8272		-
8273		-2069
8274		-01:32:01,080 ~-~-> 01:32:03,660
8275		-managable stop. And we haven't gone down
8276		-
8277		-2070
8278		-01:32:03,660 ~-~-> 01:32:05,610
8279		-to the one hour chart yet where we can
8280		-
8281		-2071
8282		-01:32:05,610 ~-~-> 01:32:06,810
8283		-actually zoom and get a tighter
8284		-
8285		-2072
8286		-01:32:07,800 ~-~-> 01:32:09,270
8287		-placement on our entry and stop. But
8288		-
8289		-2073
8290		-01:32:09,270 ~-~-> 01:32:11,190
8291		-we're just going to eyeball it here for
8292		-
8293		-2074
8294		-01:32:11,190 ~-~-> 01:32:12,960
8295		-now, because I'm going to talk about, if
8296		-
8297		-2075
8298		-01:32:12,960 ~-~-> 01:32:14,940
8299		-you do take this trading week long,
8300		-
8301		-2076
8302		-01:32:15,660 ~-~-> 01:32:19,050
8303		-what's the targets? Well think we now
8304		-
8305		-2077
8306		-01:32:19,050 ~-~-> 01:32:21,360
8307		-have this range, we have this high to
8308		-
8309		-2078
8310		-01:32:21,360 ~-~-> 01:32:23,790
8311		-this low. Okay. And you can see how
8312		-
8313		-2079
8314		-01:32:23,790 ~-~-> 01:32:25,200
8315		-price is reaching right back for this
8316		-
8317		-2080
8318		-01:32:25,200 ~-~-> 01:32:29,580
8319		-high here, with what dynamic explosive
8320		-
8321		-2081
8322		-01:32:29,580 ~-~-> 01:32:31,470
8323		-price action in the direction of the
8324		-
8325		-2082
8326		-01:32:31,470 ~-~-> 01:32:34,110
8327		-higher time frame premise. You see this.
8328		-
8329		-2083
8330		-01:32:34,440 ~-~-> 01:32:35,880
8331		-This is the type of trade you want to be
8332		-
8333		-2084
8334		-01:32:35,880 ~-~-> 01:32:38,190
8335		-in. This is institutional sponsorship,
8336		-
8337		-2085
8338		-01:32:38,220 ~-~-> 01:32:40,590
8339		-this is where the big boys are behind
8340		-
8341		-2086
8342		-01:32:40,590 ~-~-> 01:32:42,780
8343		-it. Okay? And what happens is they get
8344		-
8345		-2087
8346		-01:32:42,780 ~-~-> 01:32:45,090
8347		-in a whole lot of it, and Okay, and they
8348		-
8349		-2088
8350		-01:32:45,090 ~-~-> 01:32:47,040
8351		-take some profits off, but they don't
8352		-
8353		-2089
8354		-01:32:47,040 ~-~-> 01:32:49,200
8355		-want to, they don't want to miss another
8356		-
8357		-2090
8358		-01:32:49,200 ~-~-> 01:32:51,060
8359		-opportunity to buy. So they'll stop
8360		-
8361		-2091
8362		-01:32:51,060 ~-~-> 01:32:52,680
8363		-buying and allow the market to fizzle
8364		-
8365		-2092
8366		-01:32:52,680 ~-~-> 01:32:55,260
8367		-down. Okay, and where does it go right
8368		-
8369		-2093
8370		-01:32:55,260 ~-~-> 01:32:56,910
8371		-back to that same entry point where they
8372		-
8373		-2094
8374		-01:32:56,910 ~-~-> 01:32:58,740
8375		-can buy more and accumulate more of it.
8376		-
8377		-2095
8378		-01:32:59,010 ~-~-> 01:33:00,540
8379		-And what do you see again, and Really
8380		-
8381		-2096
8382		-01:33:00,900 ~-~-> 01:33:03,090
8383		-rallies up away from it. And again, they
8384		-
8385		-2097
8386		-01:33:03,090 ~-~-> 01:33:06,270
8387		-put, put the brakes on a little bit
8388		-
8389		-2098
8390		-01:33:06,270 ~-~-> 01:33:07,860
8391		-because they don't want to have too much
8392		-
8393		-2099
8394		-01:33:07,860 ~-~-> 01:33:09,630
8395		-attention drawn to what they're doing.
8396		-
8397		-2100
8398		-01:33:09,930 ~-~-> 01:33:11,730
8399		-So every time it comes back, they're
8400		-
8401		-2101
8402		-01:33:11,730 ~-~-> 01:33:13,170
8403		-buying more of it, buy more of it, buy
8404		-
8405		-2102
8406		-01:33:13,170 ~-~-> 01:33:15,870
8407		-more of it. Okay. But now let's talk
8408		-
8409		-2103
8410		-01:33:15,870 ~-~-> 01:33:17,580
8411		-about this little entry point right
8412		-
8413		-2104
8414		-01:33:17,580 ~-~-> 01:33:26,430
8415		-here. I'm doing is borrowing this
8416		-
8417		-2105
8418		-01:33:26,430 ~-~-> 01:33:31,500
8419		-rectangle. And I'm going to highlight
8420		-
8421		-2106
8422		-01:33:31,500 ~-~-> 01:33:33,900
8423		-this little area here on the one hour
8424		-
8425		-2107
8426		-01:33:33,900 ~-~-> 01:33:36,060
8427		-chart next to the lower level chart for
8428		-
8429		-2108
8430		-01:33:36,060 ~-~-> 01:33:39,750
8431		-swing trading. Okay, now watch what
8432		-
8433		-2109
8434		-01:33:39,750 ~-~-> 01:33:42,840
8435		-happens. We have price trading inside
8436		-
8437		-2110
8438		-01:33:42,840 ~-~-> 01:33:45,720
8439		-that little area here. Okay, at that at
8440		-
8441		-2111
8442		-01:33:45,720 ~-~-> 01:33:48,270
8443		-that higher level, optimal trade entry
8444		-
8445		-2112
8446		-01:33:48,270 ~-~-> 01:33:53,130
8447		-point. Okay. Price rallies up and then
8448		-
8449		-2113
8450		-01:33:53,130 ~-~-> 01:33:55,170
8451		-comes back down inside that range. What
8452		-
8453		-2114
8454		-01:33:55,170 ~-~-> 01:33:56,400
8455		-do you think's gonna happen right here?
8456		-
8457		-2115
8458		-01:34:00,000 ~-~-> 01:34:02,130
8459		-Swing Trader, right. You've mapped out
8460		-
8461		-2116
8462		-01:34:02,160 ~-~-> 01:34:03,600
8463		-your directional premise based on the
8464		-
8465		-2117
8466		-01:34:03,600 ~-~-> 01:34:07,560
8467		-higher time frame. Here is your 79 your
8468		-
8469		-2118
8470		-01:34:07,560 ~-~-> 01:34:09,750
8471		-sweet spot and you're 62 and there's
8472		-
8473		-2119
8474		-01:34:09,750 ~-~-> 01:34:12,390
8475		-your explosive rally up and it doesn't
8476		-
8477		-2120
8478		-01:34:12,390 ~-~-> 01:34:13,800
8479		-take long to get back to these old highs
8480		-
8481		-2121
8482		-01:34:13,800 ~-~-> 01:34:15,810
8483		-here to get profit now what does it look
8484		-
8485		-2122
8486		-01:34:15,810 ~-~-> 01:34:18,900
8487		-like in terms of pips? Well if you get
8488		-
8489		-2123
8490		-01:34:18,900 ~-~-> 01:34:22,230
8491		-in here at the sweet spot and just take
8492		-
8493		-2124
8494		-01:34:22,230 ~-~-> 01:34:26,520
8495		-profit over here, that's 250 pips 260
8496		-
8497		-2125
8498		-01:34:26,520 ~-~-> 01:34:28,260
8499		-pips or so at the best case scenario and
8500		-
8501		-2126
8502		-01:34:28,260 ~-~-> 01:34:32,100
8503		-your exit. Okay. 260 pips there's
8504		-
8505		-2127
8506		-01:34:32,100 ~-~-> 01:34:33,810
8507		-nothing wrong with that and it doesn't
8508		-
8509		-2128
8510		-01:34:33,810 ~-~-> 01:34:35,340
8511		-take but a few hours really to get to
8512		-
8513		-2129
8514		-01:34:35,340 ~-~-> 01:34:39,630
8515		-that point. So inside of a day 260 pips
8516		-
8517		-2130
8518		-01:34:39,630 ~-~-> 01:34:41,910
8519		-man, that's, that's, that's good. And
8520		-
8521		-2131
8522		-01:34:41,910 ~-~-> 01:34:44,610
8523		-that's a swing trade that you could take
8524		-
8525		-2132
8526		-01:34:44,970 ~-~-> 01:34:47,070
8527		-using the higher level timeframe
8528		-
8529		-2133
8530		-01:34:47,070 ~-~-> 01:34:49,110
8531		-directional premise. Again, your
8532		-
8533		-2134
8534		-01:34:49,110 ~-~-> 01:34:51,960
8535		-directional premise should hopefully by
8536		-
8537		-2135
8538		-01:34:51,960 ~-~-> 01:34:54,090
8539		-now, prove to you if you look into
8540		-
8541		-2136
8542		-01:34:54,090 ~-~-> 01:34:56,370
8543		-higher timeframe charts, if you just
8544		-
8545		-2137
8546		-01:34:56,370 ~-~-> 01:34:58,650
8547		-trade just like this, and trade in that
8548		-
8549		-2138
8550		-01:34:58,680 ~-~-> 01:35:00,000
8551		-higher timeframe, directional premise
8552		-
8553		-2139
8554		-01:35:01,470 ~-~-> 01:35:03,390
8555		-You're not going to trade every day. And
8556		-
8557		-2140
8558		-01:35:03,390 ~-~-> 01:35:05,190
8559		-that's okay. Unfortunately, a lot of you
8560		-
8561		-2141
8562		-01:35:05,190 ~-~-> 01:35:06,720
8563		-guys think that you have to be trading
8564		-
8565		-2142
8566		-01:35:06,720 ~-~-> 01:35:09,120
8567		-every single day and you don't. Okay.
8568		-
8569		-2143
8570		-01:35:09,120 ~-~-> 01:35:11,370
8571		-And it's, it's better if you didn't.
8572		-
8573		-2144
8574		-01:35:12,900 ~-~-> 01:35:14,430
8575		-Now, what do we have over here? price
8576		-
8577		-2145
8578		-01:35:14,430 ~-~-> 01:35:18,510
8579		-comes back down. Okay. And let's look at
8580		-
8581		-2146
8582		-01:35:18,690 ~-~-> 01:35:21,750
8583		-the range here. Again, we're working
8584		-
8585		-2147
8586		-01:35:23,340 ~-~-> 01:35:24,990
8587		-with a higher time frame premise that
8588		-
8589		-2148
8590		-01:35:25,020 ~-~-> 01:35:28,080
8591		-we're expecting bullish prices. Okay? We
8592		-
8593		-2149
8594		-01:35:28,080 ~-~-> 01:35:39,030
8595		-have just lost my fib. Okay. Using this
8596		-
8597		-2150
8598		-01:35:39,030 ~-~-> 01:35:42,030
8599		-low here, okay, on the one hour chart,
8600		-
8601		-2151
8602		-01:35:42,330 ~-~-> 01:35:43,770
8603		-your optimal trade entries up here.
8604		-
8605		-2152
8606		-01:35:44,820 ~-~-> 01:35:47,400
8607		-Okay. Now think you're a swing trader,
8608		-
8609		-2153
8610		-01:35:47,400 ~-~-> 01:35:50,610
8611		-right? Are you going to do your trade
8612		-
8613		-2154
8614		-01:35:50,610 ~-~-> 01:35:52,500
8615		-entries on the lowest level?
8616		-
8617		-2155
8618		-01:35:54,720 ~-~-> 01:35:56,250
8619		-Not without consulting your higher
8620		-
8621		-2156
8622		-01:35:56,250 ~-~-> 01:35:58,770
8623		-level, right. So think before we even go
8624		-
8625		-2157
8626		-01:35:58,770 ~-~-> 01:36:00,750
8627		-back to that daily chart, What do you
8628		-
8629		-2158
8630		-01:36:00,750 ~-~-> 01:36:02,430
8631		-think the range is that you're going to
8632		-
8633		-2159
8634		-01:36:02,430 ~-~-> 01:36:04,410
8635		-be utilizing it, this is one that you
8636		-
8637		-2160
8638		-01:36:04,410 ~-~-> 01:36:06,240
8639		-could use if you just stick to the lower
8640		-
8641		-2161
8642		-01:36:06,240 ~-~-> 01:36:08,130
8643		-timeframe. And this is illustrating what
8644		-
8645		-2162
8646		-01:36:08,130 ~-~-> 01:36:09,720
8647		-happens with you guys looking at one
8648		-
8649		-2163
8650		-01:36:09,720 ~-~-> 01:36:10,890
8651		-minute and five minute charts all the
8652		-
8653		-2164
8654		-01:36:10,890 ~-~-> 01:36:14,430
8655		-time. You can't see what you need to see
8656		-
8657		-2165
8658		-01:36:14,430 ~-~-> 01:36:16,800
8659		-when you're so tight to the market. You
8660		-
8661		-2166
8662		-01:36:16,800 ~-~-> 01:36:19,020
8663		-see this old low back here, that's the
8664		-
8665		-2167
8666		-01:36:19,020 ~-~-> 01:36:21,660
8667		-enemy a term low. We have a low with a
8668		-
8669		-2168
8670		-01:36:21,660 ~-~-> 01:36:24,480
8671		-higher low and a higher low with higher
8672		-
8673		-2169
8674		-01:36:24,480 ~-~-> 01:36:26,880
8675		-lows behind it to higher low here,
8676		-
8677		-2170
8678		-01:36:27,090 ~-~-> 01:36:28,800
8679		-that's higher than this one higher low
8680		-
8681		-2171
8682		-01:36:28,800 ~-~-> 01:36:30,180
8683		-here and now we're expecting a higher
8684		-
8685		-2172
8686		-01:36:30,180 ~-~-> 01:36:32,100
8687		-low right, we're hunting it. So this is
8688		-
8689		-2173
8690		-01:36:32,100 ~-~-> 01:36:33,540
8691		-going to make this a long term low.
8692		-
8693		-2174
8694		-01:36:34,260 ~-~-> 01:36:37,800
8695		-Okay. And watch. You have this low to
8696		-
8697		-2175
8698		-01:36:37,830 ~-~-> 01:36:40,740
8699		-work with. And now this high, so this is
8700		-
8701		-2176
8702		-01:36:40,740 ~-~-> 01:36:44,070
8703		-the true range, this low and this high.
8704		-
8705		-2177
8706		-01:36:45,060 ~-~-> 01:36:48,390
8707		-Remember, okay, this high and this low.
8708		-
8709		-2178
8710		-01:36:48,690 ~-~-> 01:36:51,120
8711		-Watch what we do. We're going to take
8712		-
8713		-2179
8714		-01:36:51,120 ~-~-> 01:36:52,860
8715		-the fib and put it on the true range,
8716		-
8717		-2180
8718		-01:36:54,060 ~-~-> 01:36:56,910
8719		-which is the daily you'll see it now
8720		-
8721		-2181
8722		-01:36:56,910 ~-~-> 01:37:01,530
8723		-clearly. Zoom in sorry. Okay, see the
8724		-
8725		-2182
8726		-01:37:01,530 ~-~-> 01:37:04,050
8727		-range here we have the low up to the new
8728		-
8729		-2183
8730		-01:37:04,050 ~-~-> 01:37:07,110
8731		-range high. And as price drops back
8732		-
8733		-2184
8734		-01:37:07,110 ~-~-> 01:37:08,970
8735		-down, we're going to take this other
8736		-
8737		-2185
8738		-01:37:08,970 ~-~-> 01:37:10,320
8739		-fish out because it's a little too much
8740		-
8741		-2186
8742		-01:37:10,320 ~-~-> 01:37:14,790
8743		-going on right now. You can see how we
8744		-
8745		-2187
8746		-01:37:14,820 ~-~-> 01:37:17,700
8747		-go right down into that sweet spot. And
8748		-
8749		-2188
8750		-01:37:17,700 ~-~-> 01:37:19,770
8751		-then there's your rally oh not for your
8752		-
8753		-2189
8754		-01:37:19,770 ~-~-> 01:37:22,200
8755		-nice entry point for secondary entry.
8756		-
8757		-2190
8758		-01:37:24,690 ~-~-> 01:37:29,430
8759		-Okay, so you can see the low to the high
8760		-
8761		-2191
8762		-01:37:29,730 ~-~-> 01:37:32,820
8763		-here is to swing down into that sweet
8764		-
8765		-2192
8766		-01:37:32,820 ~-~-> 01:37:34,980
8767		-spot. So we can actually take that and
8768		-
8769		-2193
8770		-01:37:34,980 ~-~-> 01:37:38,640
8771		-put that here. Okay, and it's mapped out
8772		-
8773		-2194
8774		-01:37:38,640 ~-~-> 01:37:39,630
8775		-where the optimal trade entry is going
8776		-
8777		-2195
8778		-01:37:39,630 ~-~-> 01:37:42,060
8779		-to be. Now if we go down to the four
8780		-
8781		-2196
8782		-01:37:42,060 ~-~-> 01:37:45,420
8783		-hour, you see how price comes right down
8784		-
8785		-2197
8786		-01:37:45,420 ~-~-> 01:37:47,400
8787		-to that point. Now if you see what I'm
8788		-
8789		-2198
8790		-01:37:47,400 ~-~-> 01:37:49,170
8791		-talking about, if you're using this low
8792		-
8793		-2199
8794		-01:37:49,500 ~-~-> 01:37:51,510
8795		-to this high, this might have spooked
8796		-
8797		-2200
8798		-01:37:51,510 ~-~-> 01:37:54,240
8799		-you. Okay, but you've mapped out your
8800		-
8801		-2201
8802		-01:37:54,240 ~-~-> 01:37:56,610
8803		-trade idea from the higher timeframe
8804		-
8805		-2202
8806		-01:37:57,240 ~-~-> 01:38:01,230
8807		-daily down to your For our which is your
8808		-
8809		-2203
8810		-01:38:01,230 ~-~-> 01:38:03,660
8811		-middle level for swing trading, and then
8812		-
8813		-2204
8814		-01:38:03,660 ~-~-> 01:38:04,860
8815		-down to the one hour.
8816		-
8817		-2205
8818		-01:38:12,960 ~-~-> 01:38:14,640
8819		-Okay, which is where we trade into here,
8820		-
8821		-2206
8822		-01:38:15,120 ~-~-> 01:38:16,950
8823		-and now we can fine tune our entry.
8824		-
8825		-2207
8826		-01:38:17,220 ~-~-> 01:38:19,560
8827		-Okay. And what does that look like?
8828		-
8829		-2208
8830		-01:38:19,920 ~-~-> 01:38:22,650
8831		-Well, let's take this in don't even
8832		-
8833		-2209
8834		-01:38:22,650 ~-~-> 01:38:24,120
8835		-pretend just pretend this is not even
8836		-
8837		-2210
8838		-01:38:24,120 ~-~-> 01:38:26,700
8839		-there. Okay? We don't need to see this
8840		-
8841		-2211
8842		-01:38:26,760 ~-~-> 01:38:28,170
8843		-dereference what we're dealing with a
8844		-
8845		-2212
8846		-01:38:28,170 ~-~-> 01:38:30,330
8847		-higher timeframe. What we're looking for
8848		-
8849		-2213
8850		-01:38:30,330 ~-~-> 01:38:32,700
8851		-is the rally away, which is what we get
8852		-
8853		-2214
8854		-01:38:32,700 ~-~-> 01:38:34,770
8855		-here. And then we have this retracement
8856		-
8857		-2215
8858		-01:38:34,770 ~-~-> 01:38:35,970
8859		-down. So what do you think's going to
8860		-
8861		-2216
8862		-01:38:35,970 ~-~-> 01:38:38,580
8863		-happen over here? Well, if you take the
8864		-
8865		-2217
8866		-01:38:38,580 ~-~-> 01:38:42,630
8867		-fib pool from the low up to the high
8868		-
8869		-2218
8870		-01:38:44,640 ~-~-> 01:38:47,190
8871		-here's your sweet spot. You 79 just
8872		-
8873		-2219
8874		-01:38:47,580 ~-~-> 01:38:49,050
8875		-doesn't get touched here. But you do get
8876		-
8877		-2220
8878		-01:38:49,050 ~-~-> 01:38:50,670
8879		-the opportunity trading here inside this
8880		-
8881		-2221
8882		-01:38:50,730 ~-~-> 01:38:53,340
8883		-hourly candle, which forms a nice
8884		-
8885		-2222
8886		-01:38:53,340 ~-~-> 01:38:55,830
8887		-hammer. Okay, and then you have rally
8888		-
8889		-2223
8890		-01:38:55,830 ~-~-> 01:38:58,380
8891		-up. Okay. Now if you miss this
8892		-
8893		-2224
8894		-01:38:58,380 ~-~-> 01:39:01,770
8895		-opportunity here This is a swing high.
8896		-
8897		-2225
8898		-01:39:03,090 ~-~-> 01:39:04,710
8899		-Watch what happens if you miss this one,
8900		-
8901		-2226
8902		-01:39:04,740 ~-~-> 01:39:06,450
8903		-it breaks that swing high here, right?
8904		-
8905		-2227
8906		-01:39:06,600 ~-~-> 01:39:09,060
8907		-See this high here, it's broken now. So
8908		-
8909		-2228
8910		-01:39:09,060 ~-~-> 01:39:11,670
8911		-now we have another shift in market
8912		-
8913		-2229
8914		-01:39:11,670 ~-~-> 01:39:13,830
8915		-structure that's now confirming bullish
8916		-
8917		-2230
8918		-01:39:13,830 ~-~-> 01:39:16,260
8919		-prices. So now when price rallies up and
8920		-
8921		-2231
8922		-01:39:16,260 ~-~-> 01:39:19,380
8923		-starts to retrace, okay, if we missed
8924		-
8925		-2232
8926		-01:39:19,380 ~-~-> 01:39:20,880
8927		-this opportunity, we now have a new
8928		-
8929		-2233
8930		-01:39:20,880 ~-~-> 01:39:23,970
8931		-range of here, this low to this high.
8932		-
8933		-2234
8934		-01:39:26,160 ~-~-> 01:39:29,730
8935		-pull that up to the high here. And
8936		-
8937		-2235
8938		-01:39:29,730 ~-~-> 01:39:31,740
8939		-here's your 62% retracement level here.
8940		-
8941		-2236
8942		-01:39:32,190 ~-~-> 01:39:35,280
8943		-Okay. Or you could use the low that's
8944		-
8945		-2237
8946		-01:39:35,280 ~-~-> 01:39:38,670
8947		-formed right here. Okay, this is
8948		-
8949		-2238
8950		-01:39:38,670 ~-~-> 01:39:41,280
8951		-actually a New York open kill zone so
8952		-
8953		-2239
8954		-01:39:41,280 ~-~-> 01:39:43,380
8955		-you can use this swing point for a
8956		-
8957		-2240
8958		-01:39:43,380 ~-~-> 01:39:46,980
8959		-reference. Again, go look at the
8960		-
8961		-2241
8962		-01:39:47,040 ~-~-> 01:39:48,690
8963		-Fibonacci concepts video and you'll
8964		-
8965		-2242
8966		-01:39:48,750 ~-~-> 01:39:51,390
8967		-it'll talk about where I pull fibs from
8968		-
8969		-2243
8970		-01:39:51,450 ~-~-> 01:39:54,450
8971		-in cases going over your head. And now
8972		-
8973		-2244
8974		-01:39:54,450 ~-~-> 01:39:56,430
8975		-you can see a higher, more higher level
8976		-
8977		-2245
8978		-01:39:56,520 ~-~-> 01:39:59,490
8979		-symmetry in price action here where it
8980		-
8981		-2246
8982		-01:39:59,490 ~-~-> 01:40:00,750
8983		-comes right down to 70 million silent
8984		-
8985		-2247
8986		-01:40:00,750 ~-~-> 01:40:02,310
8987		-treatment level, here's a 62. So he's a
8988		-
8989		-2248
8990		-01:40:02,310 ~-~-> 01:40:05,190
8991		-very nice, handsome sweet spot here on
8992		-
8993		-2249
8994		-01:40:05,190 ~-~-> 01:40:07,380
8995		-an hourly chart. Okay, so you could be
8996		-
8997		-2250
8998		-01:40:08,460 ~-~-> 01:40:10,500
8999		-positioned as well, for a swing trade,
9000		-
9001		-2251
9002		-01:40:10,500 ~-~-> 01:40:12,600
9003		-they're looking for higher prices. So
9004		-
9005		-2252
9006		-01:40:12,600 ~-~-> 01:40:14,790
9007		-you can see how just by utilizing the
9008		-
9009		-2253
9010		-01:40:14,790 ~-~-> 01:40:18,930
9011		-higher time frame premise that you can
9012		-
9013		-2254
9014		-01:40:18,930 ~-~-> 01:40:21,300
9015		-figure it out trade with the directional
9016		-
9017		-2255
9018		-01:40:21,300 ~-~-> 01:40:24,150
9019		-premise, based on that position traders
9020		-
9021		-2256
9022		-01:40:24,150 ~-~-> 01:40:26,370
9023		-mindset. Okay? And really, it just
9024		-
9025		-2257
9026		-01:40:26,370 ~-~-> 01:40:28,410
9027		-equates to the top down analysis that's
9028		-
9029		-2258
9030		-01:40:28,410 ~-~-> 01:40:32,670
9031		-needed. Okay, to be consistently
9032		-
9033		-2259
9034		-01:40:32,850 ~-~-> 01:40:34,590
9035		-profitable, you need to be doing the
9036		-
9037		-2260
9038		-01:40:34,590 ~-~-> 01:40:36,390
9039		-same thing over and over again. And
9040		-
9041		-2261
9042		-01:40:36,390 ~-~-> 01:40:38,340
9043		-you're looking for the higher level
9044		-
9045		-2262
9046		-01:40:38,340 ~-~-> 01:40:40,290
9047		-charts to dictate where your trades
9048		-
9049		-2263
9050		-01:40:40,290 ~-~-> 01:40:42,000
9051		-going to be in what direction, okay.
9052		-
9053		-2264
9054		-01:40:42,480 ~-~-> 01:40:45,900
9055		-Now, again, you can swing trade
9056		-
9057		-2265
9058		-01:40:46,140 ~-~-> 01:40:48,240
9059		-reversals. Okay, here's a high here and
9060		-
9061		-2266
9062		-01:40:48,240 ~-~-> 01:40:49,860
9063		-you could do a turtle soup here and
9064		-
9065		-2267
9066		-01:40:49,860 ~-~-> 01:40:51,510
9067		-swing trader that down into the optimal
9068		-
9069		-2268
9070		-01:40:51,510 ~-~-> 01:40:53,340
9071		-trade entry here. I'm not teaching that
9072		-
9073		-2269
9074		-01:40:53,340 ~-~-> 01:40:54,810
9075		-here, but you certainly can do that. And
9076		-
9077		-2270
9078		-01:40:54,810 ~-~-> 01:40:56,580
9079		-the same thing here. Here's a high when
9080		-
9081		-2271
9082		-01:40:56,580 ~-~-> 01:40:58,200
9083		-price rallies up makes that new high.
9084		-
9085		-2272
9086		-01:40:58,860 ~-~-> 01:41:00,270
9087		-Overall, you're bullish Higher
9088		-
9089		-2273
9090		-01:41:00,270 ~-~-> 01:41:02,070
9091		-timeframe, but you can trade these
9092		-
9093		-2274
9094		-01:41:02,070 ~-~-> 01:41:05,340
9095		-turtle suits down into a retracement and
9096		-
9097		-2275
9098		-01:41:05,340 ~-~-> 01:41:07,170
9099		-still be considered a swing trade, okay?
9100		-
9101		-2276
9102		-01:41:07,560 ~-~-> 01:41:10,350
9103		-But that's advanced stuff. And I'm not
9104		-
9105		-2277
9106		-01:41:10,350 ~-~-> 01:41:12,060
9107		-even gonna try to teach it to you. Okay.
9108		-
9109		-2278
9110		-01:41:12,330 ~-~-> 01:41:15,330
9111		-After time of doing technical analysis
9112		-
9113		-2279
9114		-01:41:15,330 ~-~-> 01:41:17,820
9115		-and trading, you'll see when, and you'll
9116		-
9117		-2280
9118		-01:41:17,820 ~-~-> 01:41:19,860
9119		-know personally when you are able to do
9120		-
9121		-2281
9122		-01:41:19,860 ~-~-> 01:41:21,630
9123		-these type of trades, but I'm teaching
9124		-
9125		-2282
9126		-01:41:21,630 ~-~-> 01:41:23,070
9127		-you to trade with the institutional
9128		-
9129		-2283
9130		-01:41:23,070 ~-~-> 01:41:25,590
9131		-sponsorship that's usually seen on the
9132		-
9133		-2284
9134		-01:41:25,590 ~-~-> 01:41:27,750
9135		-higher level charts like monthly, weekly
9136		-
9137		-2285
9138		-01:41:27,750 ~-~-> 01:41:30,570
9139		-and daily. Okay. So now what we're going
9140		-
9141		-2286
9142		-01:41:30,570 ~-~-> 01:41:32,220
9143		-to do is we're now going to swing down
9144		-
9145		-2287
9146		-01:41:32,220 ~-~-> 01:41:35,970
9147		-to another shorter term perspective, in
9148		-
9149		-2288
9150		-01:41:35,970 ~-~-> 01:41:40,440
9151		-the same area of price. Okay. Now, how
9152		-
9153		-2289
9154		-01:41:40,440 ~-~-> 01:41:42,480
9155		-many times have we shifted gears in
9156		-
9157		-2290
9158		-01:41:42,480 ~-~-> 01:41:46,350
9159		-terms of directional premise? Zero?
9160		-
9161		-2291
9162		-01:41:47,460 ~-~-> 01:41:51,240
9163		-None. Okay. We've arrived at the higher
9164		-
9165		-2292
9166		-01:41:51,240 ~-~-> 01:41:53,130
9167		-level timeframe directional premise,
9168		-
9169		-2293
9170		-01:41:53,190 ~-~-> 01:41:55,290
9171		-okay. And we've established our bias
9172		-
9173		-2294
9174		-01:41:55,290 ~-~-> 01:41:59,460
9175		-based on that. We ain't guessing guys,
9176		-
9177		-2295
9178		-01:41:59,520 ~-~-> 01:42:01,680
9179		-okay, we're sticking in one camp, okay,
9180		-
9181		-2296
9182		-01:42:01,680 ~-~-> 01:42:04,680
9183		-it's based on where the least resistance
9184		-
9185		-2297
9186		-01:42:04,680 ~-~-> 01:42:06,450
9187		-is going to be. And it's found by
9188		-
9189		-2298
9190		-01:42:06,450 ~-~-> 01:42:07,950
9191		-studying the higher timeframe charts.
9192		-
9193		-2299
9194		-01:42:08,010 ~-~-> 01:42:09,750
9195		-Okay, so now let's take a look at short
9196		-
9197		-2300
9198		-01:42:09,750 ~-~-> 01:42:12,570
9199		-term traders mentality. And we've again,
9200		-
9201		-2301
9202		-01:42:12,570 ~-~-> 01:42:15,510
9203		-we've mapped out this area here. So now
9204		-
9205		-2302
9206		-01:42:15,510 ~-~-> 01:42:18,120
9207		-we're looking at is a four hour as our
9208		-
9209		-2303
9210		-01:42:18,120 ~-~-> 01:42:22,560
9211		-higher level timeframe. Okay, here's the
9212		-
9213		-2304
9214		-01:42:22,560 ~-~-> 01:42:25,260
9215		-four level four hour chart, okay? And
9216		-
9217		-2305
9218		-01:42:25,620 ~-~-> 01:42:27,240
9219		-much the same capacity, what you'd be
9220		-
9221		-2306
9222		-01:42:27,240 ~-~-> 01:42:28,650
9223		-looking for is key support resistance
9224		-
9225		-2307
9226		-01:42:28,650 ~-~-> 01:42:31,830
9227		-levels. Okay. And we're going to assume
9228		-
9229		-2308
9230		-01:42:31,830 ~-~-> 01:42:34,860
9231		-for a moment that we understood that
9232		-
9233		-2309
9234		-01:42:34,860 ~-~-> 01:42:36,750
9235		-this is a short term low because we have
9236		-
9237		-2310
9238		-01:42:36,750 ~-~-> 01:42:39,000
9239		-higher lows here and higher lows on
9240		-
9241		-2311
9242		-01:42:39,000 ~-~-> 01:42:40,920
9243		-either side of it. So now we know that
9244		-
9245		-2312
9246		-01:42:41,250 ~-~-> 01:42:43,050
9247		-we have a possible market structure to
9248		-
9249		-2313
9250		-01:42:43,050 ~-~-> 01:42:48,180
9251		-imply at least a low to the high in this
9252		-
9253		-2314
9254		-01:42:48,180 ~-~-> 01:42:49,680
9255		-market structure here. Okay, so we have
9256		-
9257		-2315
9258		-01:42:49,710 ~-~-> 01:42:52,110
9259		-this range from this low to this high.
9260		-
9261		-2316
9262		-01:42:52,380 ~-~-> 01:42:53,790
9263		-Now, it could have been the high that's
9264		-
9265		-2317
9266		-01:42:53,790 ~-~-> 01:42:55,560
9267		-formed over here, if this high was
9268		-
9269		-2318
9270		-01:42:55,560 ~-~-> 01:42:57,990
9271		-higher, and that would have been any
9272		-
9273		-2319
9274		-01:42:58,050 ~-~-> 01:42:59,490
9275		-reference point that would you use for
9276		-
9277		-2320
9278		-01:43:00,390 ~-~-> 01:43:04,050
9279		-What I'm about to do taking the
9280		-
9281		-2321
9282		-01:43:05,700 ~-~-> 01:43:09,330
9283		-high down to that low, okay, at some
9284		-
9285		-2322
9286		-01:43:09,330 ~-~-> 01:43:11,220
9287		-point when these when is highs taken out
9288		-
9289		-2323
9290		-01:43:11,370 ~-~-> 01:43:13,230
9291		-again here, you can see it finding
9292		-
9293		-2324
9294		-01:43:13,230 ~-~-> 01:43:15,210
9295		-support here, we would be reasonably
9296		-
9297		-2325
9298		-01:43:15,210 ~-~-> 01:43:17,730
9299		-expecting a move to these levels up
9300		-
9301		-2326
9302		-01:43:17,730 ~-~-> 01:43:21,810
9303		-here. Okay, so just on market structure
9304		-
9305		-2327
9306		-01:43:21,840 ~-~-> 01:43:23,880
9307		-alone, we have directional premise
9308		-
9309		-2328
9310		-01:43:23,910 ~-~-> 01:43:26,490
9311		-indicating that we have a likelihood of
9312		-
9313		-2329
9314		-01:43:26,490 ~-~-> 01:43:28,710
9315		-fulfilling a upside objective around
9316		-
9317		-2330
9318		-01:43:28,710 ~-~-> 01:43:33,570
9319		-that 161 161 250 level or so. Okay, so
9320		-
9321		-2331
9322		-01:43:33,570 ~-~-> 01:43:35,700
9323		-we have a whole lot of room trading in
9324		-
9325		-2332
9326		-01:43:35,700 ~-~-> 01:43:37,530
9327		-here to get to that point, there's a lot
9328		-
9329		-2333
9330		-01:43:37,530 ~-~-> 01:43:39,840
9331		-of pips available as a short term trader
9332		-
9333		-2334
9334		-01:43:39,840 ~-~-> 01:43:44,010
9335		-doing that. Now again, not losing sight
9336		-
9337		-2335
9338		-01:43:44,040 ~-~-> 01:43:46,920
9339		-of this old high back here as a possible
9340		-
9341		-2336
9342		-01:43:46,920 ~-~-> 01:43:48,690
9343		-upside objective ultimately on the
9344		-
9345		-2337
9346		-01:43:48,690 ~-~-> 01:43:50,280
9347		-higher timeframe long term position
9348		-
9349		-2338
9350		-01:43:50,520 ~-~-> 01:43:54,900
9351		-traders mindset. Now using the short
9352		-
9353		-2339
9354		-01:43:54,900 ~-~-> 01:43:58,740
9355		-term traders, for our Okay, all you're
9356		-
9357		-2340
9358		-01:43:58,740 ~-~-> 01:44:03,330
9359		-looking for really is new range, low to
9360		-
9361		-2341
9362		-01:44:03,330 ~-~-> 01:44:05,430
9363		-high? Okay. And you're going to be
9364		-
9365		-2342
9366		-01:44:05,430 ~-~-> 01:44:07,740
9367		-pulling your fibs from that in the
9368		-
9369		-2343
9370		-01:44:07,740 ~-~-> 01:44:09,180
9371		-higher timeframe directional premise
9372		-
9373		-2344
9374		-01:44:09,210 ~-~-> 01:44:11,790
9375		-going higher. Okay. And all you're doing
9376		-
9377		-2345
9378		-01:44:11,790 ~-~-> 01:44:13,920
9379		-is looking for clear structure swing
9380		-
9381		-2346
9382		-01:44:13,920 ~-~-> 01:44:18,570
9383		-points that make lows to highs and
9384		-
9385		-2347
9386		-01:44:18,570 ~-~-> 01:44:20,070
9387		-employ your fibs from it. Look how many
9388		-
9389		-2348
9390		-01:44:20,070 ~-~-> 01:44:21,150
9391		-times I'm not going to draw it right
9392		-
9393		-2349
9394		-01:44:21,150 ~-~-> 01:44:23,400
9395		-look how many times the market has given
9396		-
9397		-2350
9398		-01:44:23,400 ~-~-> 01:44:25,830
9399		-you optimal trade entries in here, just
9400		-
9401		-2351
9402		-01:44:25,830 ~-~-> 01:44:28,410
9403		-in this point here, on this little area
9404		-
9405		-2352
9406		-01:44:28,410 ~-~-> 01:44:32,280
9407		-here. That's 100 pips or so a couple
9408		-
9409		-2353
9410		-01:44:32,280 ~-~-> 01:44:33,930
9411		-times that was laid on the table, just
9412		-
9413		-2354
9414		-01:44:33,930 ~-~-> 01:44:35,910
9415		-doing short term trades pulling optimal
9416		-
9417		-2355
9418		-01:44:35,910 ~-~-> 01:44:39,870
9419		-trade entries on these swings, okay. But
9420		-
9421		-2356
9422		-01:44:40,350 ~-~-> 01:44:43,290
9423		-we're going to assume that you weren't
9424		-
9425		-2357
9426		-01:44:43,350 ~-~-> 01:44:47,460
9427		-that nimble. Okay. And you've seen, this
9428		-
9429		-2358
9430		-01:44:47,460 ~-~-> 01:44:49,830
9431		-is a nice area of resistance, okay, and
9432		-
9433		-2359
9434		-01:44:49,830 ~-~-> 01:44:51,840
9435		-you want to be safe. You want to be
9436		-
9437		-2360
9438		-01:44:51,840 ~-~-> 01:44:54,450
9439		-trading short term, once this level
9440		-
9441		-2361
9442		-01:44:54,450 ~-~-> 01:44:55,740
9443		-because there's no guarantee that this
9444		-
9445		-2362
9446		-01:44:55,740 ~-~-> 01:44:59,880
9447		-is going to provide a support level
9448		-
9449		-2363
9450		-01:45:01,320 ~-~-> 01:45:02,700
9451		-Because it's going to be a resistance
9452		-
9453		-2364
9454		-01:45:02,700 ~-~-> 01:45:04,170
9455		-level initially right? Or we would
9456		-
9457		-2365
9458		-01:45:04,170 ~-~-> 01:45:06,330
9459		-expect it to be. So as price goes
9460		-
9461		-2366
9462		-01:45:06,330 ~-~-> 01:45:07,680
9463		-through it, this is where you would
9464		-
9465		-2367
9466		-01:45:07,680 ~-~-> 01:45:10,980
9467		-trade as a short term trader, okay, is
9468		-
9469		-2368
9470		-01:45:10,980 ~-~-> 01:45:13,230
9471		-your short term trade here. Now, what
9472		-
9473		-2369
9474		-01:45:13,230 ~-~-> 01:45:14,760
9475		-makes it a short term trade? Well,
9476		-
9477		-2370
9478		-01:45:14,760 ~-~-> 01:45:17,760
9479		-number one we've broken resistance now
9480		-
9481		-2371
9482		-01:45:17,760 ~-~-> 01:45:20,340
9483		-support, we're inside of a higher level
9484		-
9485		-2372
9486		-01:45:20,370 ~-~-> 01:45:21,780
9487		-directional premise on the higher time
9488		-
9489		-2373
9490		-01:45:21,780 ~-~-> 01:45:23,880
9491		-frame, position traders mindset and
9492		-
9493		-2374
9494		-01:45:23,880 ~-~-> 01:45:26,370
9495		-swing traders mindset. We now have a
9496		-
9497		-2375
9498		-01:45:26,370 ~-~-> 01:45:28,380
9499		-very high likelihood of catching a
9500		-
9501		-2376
9502		-01:45:28,380 ~-~-> 01:45:30,030
9503		-bounce here, even if it's ultimately
9504		-
9505		-2377
9506		-01:45:30,030 ~-~-> 01:45:31,140
9507		-going to go up to this high here and
9508		-
9509		-2378
9510		-01:45:31,140 ~-~-> 01:45:33,270
9511		-fail. This has given us a short term
9512		-
9513		-2379
9514		-01:45:33,270 ~-~-> 01:45:35,340
9515		-trading opportunity, which is all true
9516		-
9517		-2380
9518		-01:45:35,370 ~-~-> 01:45:37,860
9519		-short term trader is thinking about. But
9520		-
9521		-2381
9522		-01:45:37,890 ~-~-> 01:45:39,720
9523		-now let's take a look at market market
9524		-
9525		-2382
9526		-01:45:39,720 ~-~-> 01:45:42,450
9527		-structure in terms of the setups see
9528		-
9529		-2383
9530		-01:45:42,450 ~-~-> 01:45:45,270
9531		-this old high here. Now granted, we have
9532		-
9533		-2384
9534		-01:45:45,270 ~-~-> 01:45:47,130
9535		-this high here, and this right here that
9536		-
9537		-2385
9538		-01:45:47,130 ~-~-> 01:45:49,410
9539		-we noted with the resistance level, but
9540		-
9541		-2386
9542		-01:45:49,440 ~-~-> 01:45:52,350
9543		-prior to that, it's this one. Okay, see
9544		-
9545		-2387
9546		-01:45:52,350 ~-~-> 01:45:55,470
9547		-that. So we have this level of content
9548		-
9549		-2388
9550		-01:45:55,470 ~-~-> 01:45:59,700
9551		-with this level actually becomes the one
9552		-
9553		-2389
9554		-01:45:59,700 ~-~-> 01:46:03,510
9555		-fifth 744 level, because that's a nice
9556		-
9557		-2390
9558		-01:46:03,510 ~-~-> 01:46:06,240
9559		-level of anticipated support. So if
9560		-
9561		-2391
9562		-01:46:06,240 ~-~-> 01:46:07,590
9563		-price does slip below that we could at
9564		-
9565		-2392
9566		-01:46:07,590 ~-~-> 01:46:09,030
9567		-least see it trade down to that point.
9568		-
9569		-2393
9570		-01:46:09,420 ~-~-> 01:46:11,550
9571		-But the point we're going to illustrate
9572		-
9573		-2394
9574		-01:46:11,550 ~-~-> 01:46:13,650
9575		-is, this is a reference point that you
9576		-
9577		-2395
9578		-01:46:13,650 ~-~-> 01:46:15,570
9579		-can pull a fib from number hidden
9580		-
9581		-2396
9582		-01:46:15,570 ~-~-> 01:46:17,790
9583		-optimal trade entry, using market
9584		-
9585		-2397
9586		-01:46:17,790 ~-~-> 01:46:22,860
9587		-structure and fibs. We have the 79 cent
9588		-
9589		-2398
9590		-01:46:22,860 ~-~-> 01:46:25,560
9591		-tracing level, converging almost right
9592		-
9593		-2399
9594		-01:46:25,560 ~-~-> 01:46:28,260
9595		-to that same level of support
9596		-
9597		-2400
9598		-01:46:28,260 ~-~-> 01:46:30,450
9599		-resistance. Okay, let me put that on a
9600		-
9601		-2401
9602		-01:46:30,450 ~-~-> 01:46:31,080
9603		-little bit better.
9604		-
9605		-2402
9606		-01:46:36,330 ~-~-> 01:46:38,160
9607		-Okay, right on the high here, you can
9608		-
9609		-2403
9610		-01:46:38,160 ~-~-> 01:46:39,870
9611		-see how the setting I'm setting tracing
9612		-
9613		-2404
9614		-01:46:39,870 ~-~-> 01:46:41,520
9615		-level as almost converging rate with
9616		-
9617		-2405
9618		-01:46:41,520 ~-~-> 01:46:43,860
9619		-that particular price level that we've
9620		-
9621		-2406
9622		-01:46:43,860 ~-~-> 01:46:45,330
9623		-mapped out with support resistance
9624		-
9625		-2407
9626		-01:46:45,330 ~-~-> 01:46:47,550
9627		-levels. Now let's drill down to the
9628		-
9629		-2408
9630		-01:46:47,550 ~-~-> 01:46:49,830
9631		-second chart for short term trading,
9632		-
9633		-2409
9634		-01:46:49,830 ~-~-> 01:46:51,330
9635		-which is the four hour This is your mid
9636		-
9637		-2410
9638		-01:46:51,330 ~-~-> 01:46:54,060
9639		-level timeframe. Okay, get a little bit
9640		-
9641		-2411
9642		-01:46:54,060 ~-~-> 01:46:56,340
9643		-closer view of what we're describing.
9644		-
9645		-2412
9646		-01:46:58,560 ~-~-> 01:47:01,050
9647		-Okay, and you can see how Price slips
9648		-
9649		-2413
9650		-01:47:01,050 ~-~-> 01:47:03,630
9651		-through here. Okay, but you can see the
9652		-
9653		-2414
9654		-01:47:03,630 ~-~-> 01:47:05,520
9655		-reactions at that same price level.
9656		-
9657		-2415
9658		-01:47:05,850 ~-~-> 01:47:10,140
9659		-Okay? Again, I'm gonna play devil's
9660		-
9661		-2416
9662		-01:47:10,140 ~-~-> 01:47:12,690
9663		-advocate, say you missed this one, which
9664		-
9665		-2417
9666		-01:47:12,690 ~-~-> 01:47:15,900
9667		-is fine. Because guess what, if you want
9668		-
9669		-2418
9670		-01:47:15,900 ~-~-> 01:47:18,510
9671		-to be a high odds, consistent trader,
9672		-
9673		-2419
9674		-01:47:18,930 ~-~-> 01:47:20,910
9675		-this is what you would do, you would
9676		-
9677		-2420
9678		-01:47:20,910 ~-~-> 01:47:22,830
9679		-wait. And then it's hard for you guys
9680		-
9681		-2421
9682		-01:47:22,830 ~-~-> 01:47:24,270
9683		-that get in your head. Patience is a
9684		-
9685		-2422
9686		-01:47:24,270 ~-~-> 01:47:26,340
9687		-very difficult thing to teach. You have
9688		-
9689		-2423
9690		-01:47:26,340 ~-~-> 01:47:29,130
9691		-to be trained, you have to sometimes be
9692		-
9693		-2424
9694		-01:47:29,130 ~-~-> 01:47:32,850
9695		-beaten mercilessly, okay, until it's
9696		-
9697		-2425
9698		-01:47:32,850 ~-~-> 01:47:35,250
9699		-ingrained in your psyche that you have
9700		-
9701		-2426
9702		-01:47:35,250 ~-~-> 01:47:37,170
9703		-to wait for certain things sometimes,
9704		-
9705		-2427
9706		-01:47:37,200 ~-~-> 01:47:39,180
9707		-okay, and success and trading,
9708		-
9709		-2428
9710		-01:47:39,930 ~-~-> 01:47:42,660
9711		-enforcing. You need to do these types of
9712		-
9713		-2429
9714		-01:47:42,660 ~-~-> 01:47:46,230
9715		-things and learn to wait, okay? But if
9716		-
9717		-2430
9718		-01:47:46,230 ~-~-> 01:47:48,120
9719		-you see this bounce, this is what you
9720		-
9721		-2431
9722		-01:47:48,120 ~-~-> 01:47:51,060
9723		-would expect to see. You want to see it
9724		-
9725		-2432
9726		-01:47:51,060 ~-~-> 01:47:53,550
9727		-react at that price level. But now watch
9728		-
9729		-2433
9730		-01:47:54,090 ~-~-> 01:47:55,530
9731		-goes to the left side over here. See
9732		-
9733		-2434
9734		-01:47:55,530 ~-~-> 01:47:57,870
9735		-this short term high. There's your
9736		-
9737		-2435
9738		-01:47:57,870 ~-~-> 01:48:01,560
9739		-break. So you have short term market
9740		-
9741		-2436
9742		-01:48:01,560 ~-~-> 01:48:04,350
9743		-structure shift bullish. Okay. So now
9744		-
9745		-2437
9746		-01:48:04,350 ~-~-> 01:48:06,510
9747		-you are in sync looking for now new buy
9748		-
9749		-2438
9750		-01:48:06,510 ~-~-> 01:48:09,240
9751		-signals. Okay? So this high here when
9752		-
9753		-2439
9754		-01:48:09,240 ~-~-> 01:48:11,400
9755		-it's broken, okay, what you're going to
9756		-
9757		-2440
9758		-01:48:11,400 ~-~-> 01:48:13,950
9759		-do is start pulling your fibs on the
9760		-
9761		-2441
9762		-01:48:13,950 ~-~-> 01:48:17,490
9763		-swings. Now we're in a one hour chart.
9764		-
9765		-2442
9766		-01:48:17,580 ~-~-> 01:48:20,130
9767		-Okay? So again, you're using the fibs on
9768		-
9769		-2443
9770		-01:48:20,130 ~-~-> 01:48:23,220
9771		-the four hour or one hour to time, the
9772		-
9773		-2444
9774		-01:48:23,220 ~-~-> 01:48:25,560
9775		-setup or establish to set up the stage.
9776		-
9777		-2445
9778		-01:48:25,560 ~-~-> 01:48:28,050
9779		-In other words, here's your range here
9780		-
9781		-2446
9782		-01:48:28,200 ~-~-> 01:48:31,410
9783		-is low to high, you're setting it and
9784		-
9785		-2447
9786		-01:48:31,410 ~-~-> 01:48:32,580
9787		-tracing levels laying right here
9788		-
9789		-2448
9790		-01:48:32,580 ~-~-> 01:48:34,500
9791		-converging with the level of resistance
9792		-
9793		-2449
9794		-01:48:34,500 ~-~-> 01:48:36,120
9795		-that we've already mapped out. So
9796		-
9797		-2450
9798		-01:48:36,120 ~-~-> 01:48:39,630
9799		-looking to be buying around the 157 80,
9800		-
9801		-2451
9802		-01:48:39,660 ~-~-> 01:48:41,400
9803		-which is not even the sweet spot. Okay,
9804		-
9805		-2452
9806		-01:48:41,400 ~-~-> 01:48:43,020
9807		-this is an institutional, institutional,
9808		-
9809		-2453
9810		-01:48:43,020 ~-~-> 01:48:44,310
9811		-we like to watch the 80s as a nice
9812		-
9813		-2454
9814		-01:48:44,310 ~-~-> 01:48:47,070
9815		-level. You could be a buyer at that
9816		-
9817		-2455
9818		-01:48:47,070 ~-~-> 01:48:49,170
9819		-particular price point. Okay. And then
9820		-
9821		-2456
9822		-01:48:49,170 ~-~-> 01:48:50,910
9823		-there's your short term trade. What's
9824		-
9825		-2457
9826		-01:48:50,910 ~-~-> 01:48:54,900
9827		-your position? objectives? Well, if you
9828		-
9829		-2458
9830		-01:48:54,900 ~-~-> 01:48:58,200
9831		-get into sweet spot, getting back this
9832		-
9833		-2459
9834		-01:48:58,230 ~-~-> 01:49:00,000
9835		-old high here, there's a difference.
9836		-
9837		-2460
9838		-01:49:01,080 ~-~-> 01:49:03,000
9839		-Okay, now if you go back to this old
9840		-
9841		-2461
9842		-01:49:03,000 ~-~-> 01:49:05,790
9843		-market structure swing high here, okay,
9844		-
9845		-2462
9846		-01:49:05,790 ~-~-> 01:49:07,590
9847		-that retraced before we got down to this
9848		-
9849		-2463
9850		-01:49:07,590 ~-~-> 01:49:09,810
9851		-level of support resistance. This level
9852		-
9853		-2464
9854		-01:49:09,810 ~-~-> 01:49:11,490
9855		-here if you took profits there, that's
9856		-
9857		-2465
9858		-01:49:11,490 ~-~-> 01:49:17,850
9859		-120 pips 120 pips right here. And
9860		-
9861		-2466
9862		-01:49:18,510 ~-~-> 01:49:23,040
9863		-there's two very easy levels to derive a
9864		-
9865		-2467
9866		-01:49:23,100 ~-~-> 01:49:25,290
9867		-split position and loads of use and
9868		-
9869		-2468
9870		-01:49:25,290 ~-~-> 01:49:27,300
9871		-double tap, you could take profits here,
9872		-
9873		-2469
9874		-01:49:27,570 ~-~-> 01:49:33,240
9875		-and here. Okay. Now let's look at how we
9876		-
9877		-2470
9878		-01:49:33,240 ~-~-> 01:49:35,190
9879		-have a higher low here, we have a low
9880		-
9881		-2471
9882		-01:49:35,190 ~-~-> 01:49:37,260
9883		-here, we have a higher low here. So we
9884		-
9885		-2472
9886		-01:49:37,260 ~-~-> 01:49:38,580
9887		-have market structure, implying that
9888		-
9889		-2473
9890		-01:49:38,580 ~-~-> 01:49:42,480
9891		-we're hopefully going to see higher lows
9892		-
9893		-2474
9894		-01:49:42,480 ~-~-> 01:49:45,210
9895		-and higher highs. But as we start moving
9896		-
9897		-2475
9898		-01:49:45,210 ~-~-> 01:49:46,890
9899		-forward, okay, and I didn't do this with
9900		-
9901		-2476
9902		-01:49:46,890 ~-~-> 01:49:48,870
9903		-the other timeframes because I wanted to
9904		-
9905		-2477
9906		-01:49:48,870 ~-~-> 01:49:49,860
9907		-move along, but you're going to start
9908		-
9909		-2478
9910		-01:49:49,860 ~-~-> 01:49:53,850
9911		-seeing it become more dynamic. As prices
9912		-
9913		-2479
9914		-01:49:53,850 ~-~-> 01:49:55,110
9915		-moving in the higher timeframe
9916		-
9917		-2480
9918		-01:49:55,110 ~-~-> 01:49:56,550
9919		-directional premise, you want to be
9920		-
9921		-2481
9922		-01:49:56,550 ~-~-> 01:49:58,740
9923		-mapping out the resistance levels once
9924		-
9925		-2482
9926		-01:49:58,740 ~-~-> 01:50:00,510
9927		-they're broken. We didn't They tend to
9928		-
9929		-2483
9930		-01:50:00,510 ~-~-> 01:50:05,130
9931		-become support resistance, okay? As the
9932		-
9933		-2484
9934		-01:50:05,130 ~-~-> 01:50:06,930
9935		-market begins to move higher and higher
9936		-
9937		-2485
9938		-01:50:06,930 ~-~-> 01:50:09,450
9939		-and higher, all these retracements are
9940		-
9941		-2486
9942		-01:50:09,480 ~-~-> 01:50:11,070
9943		-new opportunities to take short term
9944		-
9945		-2487
9946		-01:50:11,070 ~-~-> 01:50:14,130
9947		-trades going along. Now, if you look at
9948		-
9949		-2488
9950		-01:50:15,120 ~-~-> 01:50:16,650
9951		-the vertical lines now because now we
9952		-
9953		-2489
9954		-01:50:16,650 ~-~-> 01:50:18,450
9955		-can start looking at intraday divisions
9956		-
9957		-2490
9958		-01:50:18,450 ~-~-> 01:50:22,410
9959		-in terms of where particular days of the
9960		-
9961		-2491
9962		-01:50:22,410 ~-~-> 01:50:25,350
9963		-week are forming, you'll start seeing
9964		-
9965		-2492
9966		-01:50:25,650 ~-~-> 01:50:27,480
9967		-that we've we've talked about for three
9968		-
9969		-2493
9970		-01:50:27,480 ~-~-> 01:50:31,590
9971		-years now, how the week's low in a
9972		-
9973		-2494
9974		-01:50:31,590 ~-~-> 01:50:34,350
9975		-bullish scenario, many times will be
9976		-
9977		-2495
9978		-01:50:34,470 ~-~-> 01:50:37,470
9979		-between Sunday's opening and Tuesdays
9980		-
9981		-2496
9982		-01:50:37,560 ~-~-> 01:50:40,020
9983		-London open and if it's not, Tuesdays
9984		-
9985		-2497
9986		-01:50:40,020 ~-~-> 01:50:41,220
9987		-London open and certainly gonna be on
9988		-
9989		-2498
9990		-01:50:41,220 ~-~-> 01:50:42,870
9991		-Wednesdays London open typically,
9992		-
9993		-2499
9994		-01:50:43,020 ~-~-> 01:50:45,300
9995		-there's 70% chance that you're going to
9996		-
9997		-2500
9998		-01:50:45,300 ~-~-> 01:50:49,410
9999		-see it. unfold this very way. So, again,
10000		-
10001		-2501
10002		-01:50:49,410 ~-~-> 01:50:50,370
10003		-don't take my word on look at your
10004		-
10005		-2502
10006		-01:50:50,370 ~-~-> 01:50:52,140
10007		-charts and you'll see it but the double
10008		-
10009		-2503
10010		-01:50:52,140 ~-~-> 01:50:55,050
10011		-lines here delineating Sundays, okay, so
10012		-
10013		-2504
10014		-01:50:55,050 ~-~-> 01:50:56,910
10015		-we have a new week here with
10016		-
10017		-2505
10018		-01:50:56,910 ~-~-> 01:50:59,850
10019		-bullishness. We have Monday's trading
10020		-
10021		-2506
10022		-01:51:00,000 ~-~-> 01:51:02,370
10023		-Tuesday trading, here's Wednesday. Okay,
10024		-
10025		-2507
10026		-01:51:02,370 ~-~-> 01:51:04,020
10027		-so here's the low that you could have
10028		-
10029		-2508
10030		-01:51:04,020 ~-~-> 01:51:06,240
10031		-traded as a short term trader. Okay, and
10032		-
10033		-2509
10034		-01:51:06,240 ~-~-> 01:51:08,760
10035		-just there you go. Short term trade
10036		-
10037		-2510
10038		-01:51:08,760 ~-~-> 01:51:11,340
10039		-couple days, up to a week. Okay,
10040		-
10041		-2511
10042		-01:51:11,670 ~-~-> 01:51:13,080
10043		-answering on Wednesday, here's Thursday,
10044		-
10045		-2512
10046		-01:51:13,080 ~-~-> 01:51:15,930
10047		-here's Friday, three days. Let's take a
10048		-
10049		-2513
10050		-01:51:15,930 ~-~-> 01:51:16,920
10051		-look at what the PIP haul would have
10052		-
10053		-2514
10054		-01:51:16,920 ~-~-> 01:51:17,490
10055		-been on that.
10056		-
10057		-2515
10058		-01:51:20,040 ~-~-> 01:51:22,380
10059		-Again, your short term trader, this is
10060		-
10061		-2516
10062		-01:51:22,380 ~-~-> 01:51:24,570
10063		-the highest level and lowest level
10064		-
10065		-2517
10066		-01:51:24,600 ~-~-> 01:51:26,400
10067		-available to you as a short term trader
10068		-
10069		-2518
10070		-01:51:26,400 ~-~-> 01:51:30,000
10071		-inside week there's 210 pips. Okay, in
10072		-
10073		-2519
10074		-01:51:30,000 ~-~-> 01:51:33,150
10075		-one week. Now, again, we have another
10076		-
10077		-2520
10078		-01:51:33,150 ~-~-> 01:51:36,660
10079		-scenario here, we have a new level of
10080		-
10081		-2521
10082		-01:51:36,660 ~-~-> 01:51:38,820
10083		-support resistance. So you can just take
10084		-
10085		-2522
10086		-01:51:38,820 ~-~-> 01:51:39,630
10087		-this level here.
10088		-
10089		-2523
10090		-01:51:48,840 ~-~-> 01:51:53,850
10091		-Just draw a new one. We have new support
10092		-
10093		-2524
10094		-01:51:53,850 ~-~-> 01:51:56,790
10095		-resistance levels to work with. Short
10096		-
10097		-2525
10098		-01:51:56,790 ~-~-> 01:52:01,470
10099		-term high here. It breaks through This
10100		-
10101		-2526
10102		-01:52:01,470 ~-~-> 01:52:06,060
10103		-level here same application of fib using
10104		-
10105		-2527
10106		-01:52:06,060 ~-~-> 01:52:09,300
10107		-old Mark structure hi to a new high here
10108		-
10109		-2528
10110		-01:52:11,040 ~-~-> 01:52:12,510
10111		-here's your segments and tracing level
10112		-
10113		-2529
10114		-01:52:12,510 ~-~-> 01:52:15,150
10115		-here right to the pit. Okay, and you
10116		-
10117		-2530
10118		-01:52:15,150 ~-~-> 01:52:16,980
10119		-want to be a buyer here with first
10120		-
10121		-2531
10122		-01:52:16,980 ~-~-> 01:52:18,810
10123		-profit of this old low I'm sorry his old
10124		-
10125		-2532
10126		-01:52:18,810 ~-~-> 01:52:22,170
10127		-high he just did that. Again directional
10128		-
10129		-2533
10130		-01:52:22,170 ~-~-> 01:52:24,750
10131		-premise is what guys we've already
10132		-
10133		-2534
10134		-01:52:24,750 ~-~-> 01:52:26,070
10135		-arrived at it based on the higher
10136		-
10137		-2535
10138		-01:52:26,070 ~-~-> 01:52:28,560
10139		-timeframe that we're looking for buys.
10140		-
10141		-2536
10142		-01:52:28,770 ~-~-> 01:52:30,840
10143		-Why because the institutional sponsors
10144		-
10145		-2537
10146		-01:52:30,840 ~-~-> 01:52:32,850
10147		-that that we would hopefully like to see
10148		-
10149		-2538
10150		-01:52:32,850 ~-~-> 01:52:34,890
10151		-our trades are going to be looking to be
10152		-
10153		-2539
10154		-01:52:34,890 ~-~-> 01:52:37,230
10155		-buyers. So here 67 pips first profit.
10156		-
10157		-2540
10158		-01:52:38,310 ~-~-> 01:52:41,220
10159		-Okay, and then remaining, you know, the
10160		-
10161		-2541
10162		-01:52:41,220 ~-~-> 01:52:43,080
10163		-low forming here for this week on
10164		-
10165		-2542
10166		-01:52:43,110 ~-~-> 01:52:47,280
10167		-Monday. Okay, so over rules, you can see
10168		-
10169		-2543
10170		-01:52:47,280 ~-~-> 01:52:50,370
10171		-them unfolding to you to the letter,
10172		-
10173		-2544
10174		-01:52:50,790 ~-~-> 01:52:52,200
10175		-okay. And if you're a short term trader,
10176		-
10177		-2545
10178		-01:52:52,200 ~-~-> 01:52:53,850
10179		-you could take first profit here and
10180		-
10181		-2546
10182		-01:52:53,850 ~-~-> 01:52:56,880
10183		-hope for the weekly range. Oh, what?
10184		-
10185		-2547
10186		-01:52:57,000 ~-~-> 01:52:59,250
10187		-Yeah, hopefully weekly range. Take some
10188		-
10189		-2548
10190		-01:52:59,250 ~-~-> 01:53:01,440
10191		-profits, right? Friday. Sure, let's look
10192		-
10193		-2549
10194		-01:53:01,440 ~-~-> 01:53:05,580
10195		-at take a look at that. And not even you
10196		-
10197		-2550
10198		-01:53:05,580 ~-~-> 01:53:08,430
10199		-guys are saying what sounds unbelievable
10200		-
10201		-2551
10202		-01:53:09,360 ~-~-> 01:53:11,850
10203		-272 pips again inside the same week,
10204		-
10205		-2552
10206		-01:53:12,150 ~-~-> 01:53:14,100
10207		-okay, your short term trader, it's a
10208		-
10209		-2553
10210		-01:53:14,100 ~-~-> 01:53:18,420
10211		-week or less. Okay? Now we're
10212		-
10213		-2554
10214		-01:53:18,420 ~-~-> 01:53:20,640
10215		-approaching these levels where that old
10216		-
10217		-2555
10218		-01:53:20,640 ~-~-> 01:53:23,190
10219		-high was okay that we're on that 163
10220		-
10221		-2556
10222		-01:53:23,190 ~-~-> 01:53:25,050
10223		-figure. Okay, so when we trade up to
10224		-
10225		-2557
10226		-01:53:25,050 ~-~-> 01:53:27,030
10227		-that point, okay, we want to be a little
10228		-
10229		-2558
10230		-01:53:27,030 ~-~-> 01:53:29,280
10231		-bit more leery of taking new bicycles
10232		-
10233		-2559
10234		-01:53:29,280 ~-~-> 01:53:31,800
10235		-until we can see that old high being
10236		-
10237		-2560
10238		-01:53:31,800 ~-~-> 01:53:36,150
10239		-broken. That being this high here, which
10240		-
10241		-2561
10242		-01:53:36,150 ~-~-> 01:53:39,510
10243		-we didn't do, but by pepper, so, okay,
10244		-
10245		-2562
10246		-01:53:39,510 ~-~-> 01:53:46,650
10247		-so when you see this event, okay, like
10248		-
10249		-2563
10250		-01:53:46,650 ~-~-> 01:53:49,740
10251		-this. There's a whole lot of opportunity
10252		-
10253		-2564
10254		-01:53:49,740 ~-~-> 01:53:51,900
10255		-to trade, but there's a whole lot more
10256		-
10257		-2565
10258		-01:53:51,900 ~-~-> 01:53:53,490
10259		-opportunities when you should not trade.
10260		-
10261		-2566
10262		-01:53:53,880 ~-~-> 01:53:55,800
10263		-Okay? And if you haven't learned that
10264		-
10265		-2567
10266		-01:53:55,830 ~-~-> 01:53:58,470
10267		-over the last three years, it's time to
10268		-
10269		-2568
10270		-01:53:58,470 ~-~-> 01:54:00,570
10271		-learn it. Okay, because it's It's
10272		-
10273		-2569
10274		-01:54:00,600 ~-~-> 01:54:02,850
10275		-important that you understand how the
10276		-
10277		-2570
10278		-01:54:02,850 ~-~-> 01:54:04,830
10279		-markets work with the higher time frame
10280		-
10281		-2571
10282		-01:54:04,830 ~-~-> 01:54:06,180
10283		-premise in mind working with a higher
10284		-
10285		-2572
10286		-01:54:06,180 ~-~-> 01:54:08,520
10287		-level key support resistance levels, the
10288		-
10289		-2573
10290		-01:54:08,520 ~-~-> 01:54:11,820
10291		-banks and the big players are working
10292		-
10293		-2574
10294		-01:54:11,820 ~-~-> 01:54:13,410
10295		-off these higher timeframe charts, they
10296		-
10297		-2575
10298		-01:54:13,410 ~-~-> 01:54:15,750
10299		-could they couldn't care less about your
10300		-
10301		-2576
10302		-01:54:15,840 ~-~-> 01:54:17,820
10303		-10 minute chart looks like okay, your
10304		-
10305		-2577
10306		-01:54:17,820 ~-~-> 01:54:19,320
10307		-one minute chart means nothing to them.
10308		-
10309		-2578
10310		-01:54:19,710 ~-~-> 01:54:22,470
10311		-We as traders can use those to zero in
10312		-
10313		-2579
10314		-01:54:22,500 ~-~-> 01:54:24,510
10315		-on high odds entry points, but they're
10316		-
10317		-2580
10318		-01:54:24,510 ~-~-> 01:54:26,520
10319		-not guarantees that that's what the
10320		-
10321		-2581
10322		-01:54:26,520 ~-~-> 01:54:28,350
10323		-banks are using. In fact, they're not
10324		-
10325		-2582
10326		-01:54:28,530 ~-~-> 01:54:33,000
10327		-Okay, so we've mapped out the position
10328		-
10329		-2583
10330		-01:54:33,000 ~-~-> 01:54:35,820
10331		-traders mindset, we've mapped out the
10332		-
10333		-2584
10334		-01:54:35,820 ~-~-> 01:54:37,230
10335		-swing traders mindset, we looked at
10336		-
10337		-2585
10338		-01:54:37,230 ~-~-> 01:54:39,090
10339		-short term trading. Okay, so now let's
10340		-
10341		-2586
10342		-01:54:39,120 ~-~-> 01:54:41,040
10343		-zoom down to the lowest level day
10344		-
10345		-2587
10346		-01:54:41,040 ~-~-> 01:54:44,100
10347		-traders and or scalping. Okay, and now
10348		-
10349		-2588
10350		-01:54:44,100 ~-~-> 01:54:44,940
10351		-what we're going to do is we're going to
10352		-
10353		-2589
10354		-01:54:44,940 ~-~-> 01:54:46,650
10355		-use the one hour time frame that we have
10356		-
10357		-2590
10358		-01:54:46,650 ~-~-> 01:54:50,940
10359		-here, and we're going to look at that
10360		-
10361		-2591
10362		-01:54:50,940 ~-~-> 01:54:57,180
10363		-same scenario. Okay, and that resistance
10364		-
10365		-2592
10366		-01:54:57,180 ~-~-> 01:55:01,740
10367		-level here and we have This little move
10368		-
10369		-2593
10370		-01:55:01,740 ~-~-> 01:55:04,140
10371		-right here. Okay, this little move in
10372		-
10373		-2594
10374		-01:55:04,140 ~-~-> 01:55:06,420
10375		-here. We're going to break that down.
10376		-
10377		-2595
10378		-01:55:06,840 ~-~-> 01:55:13,950
10379		-And this happens to occur on September 7
10380		-
10381		-2596
10382		-01:55:14,040 ~-~-> 01:55:17,550
10383		-of this year 2012. Okay, and we're going
10384		-
10385		-2597
10386		-01:55:17,550 ~-~-> 01:55:22,950
10387		-to go down to our 15 minute chart, which
10388		-
10389		-2598
10390		-01:55:22,950 ~-~-> 01:55:23,730
10391		-is our mid level.
10392		-
10393		-2599
10394		-01:55:30,270 ~-~-> 01:55:34,380
10395		-Okay, in actually I call it ninth it was
10396		-
10397		-2600
10398		-01:55:34,380 ~-~-> 01:55:40,830
10399		-actually the seven sorry. This is a
10400		-
10401		-2601
10402		-01:55:40,830 ~-~-> 01:55:44,250
10403		-Friday. Okay. I generally do not like to
10404		-
10405		-2602
10406		-01:55:44,250 ~-~-> 01:55:47,670
10407		-trade Fridays. But I'm just going to
10408		-
10409		-2603
10410		-01:55:47,670 ~-~-> 01:55:49,560
10411		-give you an examples how, you know,
10412		-
10413		-2604
10414		-01:55:49,830 ~-~-> 01:55:52,260
10415		-utilizing these concepts, you can see
10416		-
10417		-2605
10418		-01:55:53,100 ~-~-> 01:55:55,980
10419		-trades that are intraday in line with
10420		-
10421		-2606
10422		-01:55:55,980 ~-~-> 01:55:57,810
10423		-the higher time frame premise and how
10424		-
10425		-2607
10426		-01:55:57,810 ~-~-> 01:56:00,720
10427		-they could materialize in Show some
10428		-
10429		-2608
10430		-01:56:00,720 ~-~-> 01:56:04,440
10431		-significant price gains. I'll let you
10432		-
10433		-2609
10434		-01:56:04,440 ~-~-> 01:56:05,430
10435		-look at the calendar figure out what
10436		-
10437		-2610
10438		-01:56:05,430 ~-~-> 01:56:07,710
10439		-this is. do some homework guys, I'm not
10440		-
10441		-2611
10442		-01:56:07,710 ~-~-> 01:56:12,240
10443		-gonna tell you everything. Again, this
10444		-
10445		-2612
10446		-01:56:12,240 ~-~-> 01:56:14,520
10447		-is a Friday. So again, have that in
10448		-
10449		-2613
10450		-01:56:14,520 ~-~-> 01:56:17,100
10451		-mind. But in this area here, you could
10452		-
10453		-2614
10454		-01:56:17,100 ~-~-> 01:56:20,670
10455		-be hunting a setup to go long. Okay?
10456		-
10457		-2615
10458		-01:56:21,660 ~-~-> 01:56:23,160
10459		-based on just simple optimal trade
10460		-
10461		-2616
10462		-01:56:23,160 ~-~-> 01:56:26,520
10463		-entry, okay? But utilizing the worst
10464		-
10465		-2617
10466		-01:56:26,520 ~-~-> 01:56:29,820
10467		-case scenario entry, not the best. We're
10468		-
10469		-2618
10470		-01:56:29,820 ~-~-> 01:56:31,260
10471		-going to use a 62% retracement level
10472		-
10473		-2619
10474		-01:56:31,260 ~-~-> 01:56:35,850
10475		-here with a 30 PIP stop, you're down
10476		-
10477		-2620
10478		-01:56:35,850 ~-~-> 01:56:38,550
10479		-here. You didn't get stopped, okay, you
10480		-
10481		-2621
10482		-01:56:38,550 ~-~-> 01:56:42,630
10483		-stopped would have been 159 16. So you
10484		-
10485		-2622
10486		-01:56:42,630 ~-~-> 01:56:43,890
10487		-would have been preserved in this in
10488		-
10489		-2623
10490		-01:56:43,890 ~-~-> 01:56:48,150
10491		-this instance. Okay. But that's using it
10492		-
10493		-2624
10494		-01:56:48,330 ~-~-> 01:56:52,200
10495		-with that range. Okay. Here's our old
10496		-
10497		-2625
10498		-01:56:52,200 ~-~-> 01:56:54,120
10499		-level of higher level support resistance
10500		-
10501		-2626
10502		-01:56:54,120 ~-~-> 01:56:56,430
10503		-line. Okay, all I did was drill down to
10504		-
10505		-2627
10506		-01:56:56,460 ~-~-> 01:57:00,900
10507		-15 minutes or this level. This high,
10508		-
10509		-2628
10510		-01:57:01,950 ~-~-> 01:57:06,270
10511		-okay becomes significant. Why? Well,
10512		-
10513		-2629
10514		-01:57:06,270 ~-~-> 01:57:08,280
10515		-because this is a range based off a
10516		-
10517		-2630
10518		-01:57:08,340 ~-~-> 01:57:09,660
10519		-higher level key support resistance
10520		-
10521		-2631
10522		-01:57:09,660 ~-~-> 01:57:11,850
10523		-levels that you can't really see that
10524		-
10525		-2632
10526		-01:57:11,850 ~-~-> 01:57:13,290
10527		-Well, obviously you can enhance over
10528		-
10529		-2633
10530		-01:57:13,290 ~-~-> 01:57:15,750
10531		-here. But if you're zoomed into a 15
10532		-
10533		-2634
10534		-01:57:15,750 ~-~-> 01:57:17,790
10535		-minute chart, you can see how very
10536		-
10537		-2635
10538		-01:57:17,790 ~-~-> 01:57:21,300
10539		-quickly, price action can be skewed. It
10540		-
10541		-2636
10542		-01:57:21,300 ~-~-> 01:57:22,830
10543		-hides from you right in plain sight.
10544		-
10545		-2637
10546		-01:57:23,820 ~-~-> 01:57:27,360
10547		-Here's your range. And suddenly you get
10548		-
10549		-2638
10550		-01:57:27,420 ~-~-> 01:57:30,330
10551		-perfect symmetry. Okay, this is what
10552		-
10553		-2639
10554		-01:57:30,330 ~-~-> 01:57:31,830
10555		-blows all the guys that are just
10556		-
10557		-2640
10558		-01:57:31,860 ~-~-> 01:57:33,720
10559		-discovering me on the internet. They're
10560		-
10561		-2641
10562		-01:57:33,720 ~-~-> 01:57:35,760
10563		-like, This is crazy. I mean, you're
10564		-
10565		-2642
10566		-01:57:35,760 ~-~-> 01:57:38,250
10567		-pointing out so precise point. And it's
10568		-
10569		-2643
10570		-01:57:38,250 ~-~-> 01:57:40,200
10571		-nothing except for using a higher time
10572		-
10573		-2644
10574		-01:57:40,200 ~-~-> 01:57:42,810
10575		-frame premise, drilled down and looking
10576		-
10577		-2645
10578		-01:57:42,810 ~-~-> 01:57:44,640
10579		-for higher level support resistance
10580		-
10581		-2646
10582		-01:57:44,640 ~-~-> 01:57:46,740
10583		-levels, point for your fibs. Because
10584		-
10585		-2647
10586		-01:57:46,740 ~-~-> 01:57:48,420
10587		-think about it. This is a high level
10588		-
10589		-2648
10590		-01:57:48,450 ~-~-> 01:57:50,070
10591		-resistance level. Once it's broken, it's
10592		-
10593		-2649
10594		-01:57:50,070 ~-~-> 01:57:52,290
10595		-going to act as support right. Okay,
10596		-
10597		-2650
10598		-01:57:52,380 ~-~-> 01:57:54,450
10599		-well, it doesn't find support again over
10600		-
10601		-2651
10602		-01:57:54,450 ~-~-> 01:57:55,980
10603		-here, but it's trying to get down to
10604		-
10605		-2652
10606		-01:57:55,980 ~-~-> 01:57:58,350
10607		-that point. We want to see what if we're
10608		-
10609		-2653
10610		-01:57:58,350 ~-~-> 01:58:00,210
10611		-bullish. We want to see higher lows So
10612		-
10613		-2654
10614		-01:58:00,210 ~-~-> 01:58:02,430
10615		-it's advantageous for us to see the
10616		-
10617		-2655
10618		-01:58:02,430 ~-~-> 01:58:04,830
10619		-higher low form. So we're stalking that.
10620		-
10621		-2656
10622		-01:58:05,160 ~-~-> 01:58:06,960
10623		-And that's why these types of setups
10624		-
10625		-2657
10626		-01:58:06,990 ~-~-> 01:58:09,540
10627		-unfold where it looks like Voodoo. Okay,
10628		-
10629		-2658
10630		-01:58:09,810 ~-~-> 01:58:11,220
10631		-we don't want to see it come back down
10632		-
10633		-2659
10634		-01:58:11,220 ~-~-> 01:58:12,540
10635		-to that level, because if it does, it's
10636		-
10637		-2660
10638		-01:58:12,540 ~-~-> 01:58:14,190
10639		-probably not going to go up even higher
10640		-
10641		-2661
10642		-01:58:14,190 ~-~-> 01:58:16,350
10643		-it can, but the higher odds are, if it
10644		-
10645		-2662
10646		-01:58:16,350 ~-~-> 01:58:18,180
10647		-makes a higher low, that's where people
10648		-
10649		-2663
10650		-01:58:18,180 ~-~-> 01:58:19,170
10651		-are going to be looking to be buying,
10652		-
10653		-2664
10654		-01:58:19,380 ~-~-> 01:58:21,420
10655		-okay? You want to be buying strength and
10656		-
10657		-2665
10658		-01:58:21,420 ~-~-> 01:58:22,620
10659		-selling weakness, and this is an
10660		-
10661		-2666
10662		-01:58:22,650 ~-~-> 01:58:24,660
10663		-indication of strength, because
10664		-
10665		-2667
10666		-01:58:24,690 ~-~-> 01:58:27,540
10667		-unwilling to go lower, when perhaps it
10668		-
10669		-2668
10670		-01:58:28,080 ~-~-> 01:58:29,940
10671		-might indicate that on a one or five
10672		-
10673		-2669
10674		-01:58:29,940 ~-~-> 01:58:31,320
10675		-minute chart in that little area of
10676		-
10677		-2670
10678		-01:58:31,320 ~-~-> 01:58:34,110
10679		-price action. And you can see the
10680		-
10681		-2671
10682		-01:58:34,110 ~-~-> 01:58:36,210
10683		-extrapolated price move here and there's
10684		-
10685		-2672
10686		-01:58:36,210 ~-~-> 01:58:38,220
10687		-nothing wrong with just using the same
10688		-
10689		-2673
10690		-01:58:38,220 ~-~-> 01:58:40,470
10691		-concepts we always talk about using a
10692		-
10693		-2674
10694		-01:58:40,470 ~-~-> 01:58:43,200
10695		-high to the low with a higher timeframe
10696		-
10697		-2675
10698		-01:58:43,200 ~-~-> 01:58:45,090
10699		-directional premise, and our swing
10700		-
10701		-2676
10702		-01:58:45,090 ~-~-> 01:58:46,950
10703		-trading, here's 162 extension in here,
10704		-
10705		-2677
10706		-01:58:47,370 ~-~-> 01:58:49,020
10707		-very handsome opportunity to take your
10708		-
10709		-2678
10710		-01:58:49,020 ~-~-> 01:58:53,460
10711		-profits. And again, if if you've been
10712		-
10713		-2679
10714		-01:58:53,460 ~-~-> 01:58:54,600
10715		-following me, obviously these are
10716		-
10717		-2680
10718		-01:58:54,600 ~-~-> 01:58:56,430
10719		-nothing new. I've not created a new
10720		-
10721		-2681
10722		-01:58:56,490 ~-~-> 01:58:58,320
10723		-rules or anything, but we're just
10724		-
10725		-2682
10726		-01:58:58,350 ~-~-> 01:59:00,600
10727		-applying the concepts in Australia. Way
10728		-
10729		-2683
10730		-01:59:01,050 ~-~-> 01:59:05,340
10731		-to hopefully facilitate a walk forward
10732		-
10733		-2684
10734		-01:59:05,340 ~-~-> 01:59:07,800
10735		-for you as a trader, to start mapping
10736		-
10737		-2685
10738		-01:59:07,800 ~-~-> 01:59:10,200
10739		-out the market and building confidence
10740		-
10741		-2686
10742		-01:59:10,200 ~-~-> 01:59:12,300
10743		-with directional premise and not over
10744		-
10745		-2687
10746		-01:59:12,300 ~-~-> 01:59:14,430
10747		-complicating it. Here's the 100 level
10748		-
10749		-2688
10750		-01:59:14,430 ~-~-> 01:59:15,720
10751		-here on your fib extension. So we have a
10752		-
10753		-2689
10754		-01:59:15,720 ~-~-> 01:59:17,220
10755		-whole lot of Confluence to expect some
10756		-
10757		-2690
10758		-01:59:17,220 ~-~-> 01:59:21,000
10759		-kind of intraday profit taking and doing
10760		-
10761		-2691
10762		-01:59:21,000 ~-~-> 01:59:24,540
10763		-that. Again, getting down here and in
10764		-
10765		-2692
10766		-01:59:24,540 ~-~-> 01:59:25,950
10767		-the midpoint of that consolidation,
10768		-
10769		-2693
10770		-01:59:26,400 ~-~-> 01:59:27,690
10771		-we'll just take the extension here,
10772		-
10773		-2694
10774		-01:59:28,110 ~-~-> 01:59:31,140
10775		-inside of one day day trade is 88 pips
10776		-
10777		-2695
10778		-01:59:31,140 ~-~-> 01:59:33,270
10779		-right there, so almost 90 pips inside of
10780		-
10781		-2696
10782		-01:59:33,270 ~-~-> 01:59:35,580
10783		-one day. Okay, and that's one week for
10784		-
10785		-2697
10786		-01:59:35,580 ~-~-> 01:59:37,740
10787		-me. Think about that. I'm only looking
10788		-
10789		-2698
10790		-01:59:37,740 ~-~-> 01:59:42,300
10791		-for 5075 pips, on average. And now you
10792		-
10793		-2699
10794		-01:59:42,300 ~-~-> 01:59:45,000
10795		-probably can't believe it. Oh, man, you
10796		-
10797		-2700
10798		-01:59:45,030 ~-~-> 01:59:46,440
10799		-got to be taken more than that. Well, I
10800		-
10801		-2701
10802		-01:59:46,440 ~-~-> 01:59:49,710
10803		-do take profits, and higher degree in
10804		-
10805		-2702
10806		-01:59:49,710 ~-~-> 01:59:51,570
10807		-terms of pips, but that's not my
10808		-
10809		-2703
10810		-01:59:51,570 ~-~-> 01:59:53,190
10811		-motivation. And that's hopefully what
10812		-
10813		-2704
10814		-01:59:53,190 ~-~-> 01:59:55,320
10815		-you are gleaning from all the materials
10816		-
10817		-2705
10818		-01:59:55,320 ~-~-> 01:59:56,490
10819		-that you don't necessarily have to be
10820		-
10821		-2706
10822		-01:59:56,490 ~-~-> 01:59:58,650
10823		-swinging for the fences, but be
10824		-
10825		-2707
10826		-01:59:58,650 ~-~-> 02:00:00,840
10827		-positioned to capture to You get it. In
10828		-
10829		-2708
10830		-02:00:00,840 ~-~-> 02:00:02,820
10831		-other words, you're hitting singles to
10832		-
10833		-2709
10834		-02:00:02,820 ~-~-> 02:00:04,890
10835		-fill the basis. And eventually if you
10836		-
10837		-2710
10838		-02:00:04,890 ~-~-> 02:00:06,780
10839		-hit that home run, not because you
10840		-
10841		-2711
10842		-02:00:07,050 ~-~-> 02:00:09,960
10843		-expected it. But when you have the bases
10844		-
10845		-2712
10846		-02:00:09,960 ~-~-> 02:00:12,000
10847		-loaded with all your singles, then it
10848		-
10849		-2713
10850		-02:00:12,000 ~-~-> 02:00:13,980
10851		-becomes a Grand Slam and it's Daniel
10852		-
10853		-2714
10854		-02:00:13,980 ~-~-> 02:00:16,140
10855		-hook, a wizard on the forums You look
10856		-
10857		-2715
10858		-02:00:16,140 ~-~-> 02:00:19,410
10859		-like a tiger woods on the golf course in
10860		-
10861		-2716
10862		-02:00:19,410 ~-~-> 02:00:20,220
10863		-the Forex world.
10864		-
10865		-2717
10866		-02:00:20,220 ~-~-> 02:00:23,010
10867		-So all these things are repeatable for
10868		-
10869		-2718
10870		-02:00:23,010 ~-~-> 02:00:26,640
10871		-you. As a trader, you can build your
10872		-
10873		-2719
10874		-02:00:26,640 ~-~-> 02:00:30,000
10875		-framework as a trader and experience
10876		-
10877		-2720
10878		-02:00:30,000 ~-~-> 02:00:32,640
10879		-level by just using the same approach
10880		-
10881		-2721
10882		-02:00:32,640 ~-~-> 02:00:35,760
10883		-these same concepts, make them generic
10884		-
10885		-2722
10886		-02:00:36,030 ~-~-> 02:00:38,340
10887		-to you that you inherently go to them
10888		-
10889		-2723
10890		-02:00:38,340 ~-~-> 02:00:39,960
10891		-over and over and over again, you're not
10892		-
10893		-2724
10894		-02:00:39,960 ~-~-> 02:00:41,760
10895		-looking to add any more fluff to them.
10896		-
10897		-2725
10898		-02:00:41,880 ~-~-> 02:00:43,740
10899		-You're not trying to tweak them, they're
10900		-
10901		-2726
10902		-02:00:43,740 ~-~-> 02:00:46,830
10903		-very essential core principles, okay.
10904		-
10905		-2727
10906		-02:00:47,220 ~-~-> 02:00:49,140
10907		-same premise have here, okay, we
10908		-
10909		-2728
10910		-02:00:49,140 ~-~-> 02:00:50,880
10911		-expected this low not to be reached
10912		-
10913		-2729
10914		-02:00:51,000 ~-~-> 02:00:52,560
10915		-inside this level be retested here,
10916		-
10917		-2730
10918		-02:00:52,950 ~-~-> 02:00:55,170
10919		-okay. We have this high here. So market
10920		-
10921		-2731
10922		-02:00:55,170 ~-~-> 02:00:57,570
10923		-structure implies that if we are in a
10924		-
10925		-2732
10926		-02:00:57,570 ~-~-> 02:00:59,160
10927		-bullish scenario, like we anticipate,
10928		-
10929		-2733
10930		-02:00:59,460 ~-~-> 02:01:01,470
10931		-okay, we're going to look for what the
10932		-
10933		-2734
10934		-02:01:01,470 ~-~-> 02:01:03,510
10935		-low and we start retracing from this
10936		-
10937		-2735
10938		-02:01:03,510 ~-~-> 02:01:05,340
10939		-high. We don't want it to come back down
10940		-
10941		-2736
10942		-02:01:05,340 ~-~-> 02:01:07,620
10943		-to that level. We don't want it to.
10944		-
10945		-2737
10946		-02:01:07,980 ~-~-> 02:01:10,800
10947		-Okay. Well, what will be haunting is
10948		-
10949		-2738
10950		-02:01:10,800 ~-~-> 02:01:14,850
10951		-what? Here's your range from this low on
10952		-
10953		-2739
10954		-02:01:14,850 ~-~-> 02:01:19,200
10955		-the Friday. Grab that save again.
10956		-
10957		-2740
10958		-02:01:26,250 ~-~-> 02:01:33,240
10959		-Here's your range. Okay, here's your 60
10960		-
10961		-2741
10962		-02:01:33,240 ~-~-> 02:01:35,880
10963		-to 62% retracement level. Okay, price
10964		-
10965		-2742
10966		-02:01:35,880 ~-~-> 02:01:38,760
10967		-comes down. And your first entry. I'm
10968		-
10969		-2743
10970		-02:01:38,760 ~-~-> 02:01:40,110
10971		-sorry, your entry to get long in here
10972		-
10973		-2744
10974		-02:01:40,110 ~-~-> 02:01:44,490
10975		-this time of day is New York open. Okay.
10976		-
10977		-2745
10978		-02:01:45,150 ~-~-> 02:01:46,770
10979		-And you can see a reflection in here
10980		-
10981		-2746
10982		-02:01:46,770 ~-~-> 02:01:47,730
10983		-which I'm not going to draw. You didn't
10984		-
10985		-2747
10986		-02:01:47,730 ~-~-> 02:01:49,350
10987		-take this low to this high you'll get
10988		-
10989		-2748
10990		-02:01:49,350 ~-~-> 02:01:51,540
10991		-the actual low in here. And your first
10992		-
10993		-2749
10994		-02:01:51,540 ~-~-> 02:01:55,200
10995		-profit is here. So intraday. Just
10996		-
10997		-2750
10998		-02:01:55,200 ~-~-> 02:01:56,790
10999		-trading again with the higher time frame
11000		-
11001		-2751
11002		-02:01:56,790 ~-~-> 02:01:58,740
11003		-premise in mind, only looking to be a
11004		-
11005		-2752
11006		-02:01:58,740 ~-~-> 02:02:02,940
11007		-buyer simply because we have highest
11008		-
11009		-2753
11010		-02:02:02,940 ~-~-> 02:02:05,100
11011		-odds of seeing profit here's 50 pips
11012		-
11013		-2754
11014		-02:02:05,100 ~-~-> 02:02:07,260
11015		-intraday. Okay again that's a week from
11016		-
11017		-2755
11018		-02:02:07,260 ~-~-> 02:02:14,910
11019		-me. Okay? We have a higher low here,
11020		-
11021		-2756
11022		-02:02:15,480 ~-~-> 02:02:18,000
11023		-okay and look at the optimal trade entry
11024		-
11025		-2757
11026		-02:02:18,000 ~-~-> 02:02:21,360
11027		-in here. Okay, we broke this high here
11028		-
11029		-2758
11030		-02:02:23,160 ~-~-> 02:02:25,290
11031		-and here's your retracement, pull out
11032		-
11033		-2759
11034		-02:02:25,290 ~-~-> 02:02:28,050
11035		-the trade entry from the low to this
11036		-
11037		-2760
11038		-02:02:28,050 ~-~-> 02:02:30,450
11039		-high you'll get the actual low here
11040		-
11041		-2761
11042		-02:02:30,810 ~-~-> 02:02:34,170
11043		-formed and this is the London open. What
11044		-
11045		-2762
11046		-02:02:34,170 ~-~-> 02:02:37,050
11047		-day the week, Tuesday. Okay, we had the
11048		-
11049		-2763
11050		-02:02:37,050 ~-~-> 02:02:38,460
11051		-week's low on Monday we have a
11052		-
11053		-2764
11054		-02:02:38,460 ~-~-> 02:02:40,740
11055		-confirmation a continuation going higher
11056		-
11057		-2765
11058		-02:02:40,740 ~-~-> 02:02:43,560
11059		-on Tuesday again looking for buys or it
11060		-
11061		-2766
11062		-02:02:43,560 ~-~-> 02:02:45,690
11063		-or not. Now again, see this purple area,
11064		-
11065		-2767
11066		-02:02:45,690 ~-~-> 02:02:48,030
11067		-there's all this backdrop is that higher
11068		-
11069		-2768
11070		-02:02:48,030 ~-~-> 02:02:51,030
11071		-level mapping that we did, okay, we've
11072		-
11073		-2769
11074		-02:02:51,030 ~-~-> 02:02:53,340
11075		-mapped out where the highest level
11076		-
11077		-2770
11078		-02:02:53,340 ~-~-> 02:02:55,380
11079		-probability and directional premise is
11080		-
11081		-2771
11082		-02:02:55,380 ~-~-> 02:02:57,780
11083		-most likely to occur and it keeps us
11084		-
11085		-2772
11086		-02:02:57,780 ~-~-> 02:03:01,530
11087		-focused on one one direction. Okay, and
11088		-
11089		-2773
11090		-02:03:01,560 ~-~-> 02:03:02,730
11091		-something just occurred to me while I
11092		-
11093		-2774
11094		-02:03:02,730 ~-~-> 02:03:04,740
11095		-just said that I had this set with
11096		-
11097		-2775
11098		-02:03:04,740 ~-~-> 02:03:07,350
11099		-purple. Okay, you may have this for your
11100		-
11101		-2776
11102		-02:03:08,550 ~-~-> 02:03:10,740
11103		-setup. If you can tolerate the color,
11104		-
11105		-2777
11106		-02:03:10,980 ~-~-> 02:03:13,230
11107		-maybe it could be green as a backdrop to
11108		-
11109		-2778
11110		-02:03:13,560 ~-~-> 02:03:15,870
11111		-you that could be your subliminal
11112		-
11113		-2779
11114		-02:03:15,870 ~-~-> 02:03:17,250
11115		-indication that hey, look, I'm looking
11116		-
11117		-2780
11118		-02:03:17,250 ~-~-> 02:03:18,900
11119		-at the charts, I'm really just focusing
11120		-
11121		-2781
11122		-02:03:18,900 ~-~-> 02:03:20,880
11123		-on buying because green being bullish,
11124		-
11125		-2782
11126		-02:03:21,660 ~-~-> 02:03:23,160
11127		-or maybe you don't think green is
11128		-
11129		-2783
11130		-02:03:23,160 ~-~-> 02:03:25,680
11131		-bullish, but, you know, maybe you can
11132		-
11133		-2784
11134		-02:03:25,680 ~-~-> 02:03:26,940
11135		-attribute to whatever color you want it
11136		-
11137		-2785
11138		-02:03:26,940 ~-~-> 02:03:30,270
11139		-to be. And maybe it make it a red color,
11140		-
11141		-2786
11142		-02:03:30,510 ~-~-> 02:03:34,680
11143		-or a red tint of some kind, or a pink or
11144		-
11145		-2787
11146		-02:03:34,680 ~-~-> 02:03:35,880
11147		-something like that, or whatever color
11148		-
11149		-2788
11150		-02:03:35,880 ~-~-> 02:03:38,070
11151		-you want to attribute to as a sell
11152		-
11153		-2789
11154		-02:03:38,280 ~-~-> 02:03:39,510
11155		-scenario. So that way, you're always
11156		-
11157		-2790
11158		-02:03:39,510 ~-~-> 02:03:41,430
11159		-looking to chart with with a bearish
11160		-
11161		-2791
11162		-02:03:41,430 ~-~-> 02:03:45,420
11163		-mentality, okay. And, again, there's no
11164		-
11165		-2792
11166		-02:03:45,450 ~-~-> 02:03:47,940
11167		-there's no rocket science behind this.
11168		-
11169		-2793
11170		-02:03:47,970 ~-~-> 02:03:50,250
11171		-It's very simple approach to doing it.
11172		-
11173		-2794
11174		-02:03:51,030 ~-~-> 02:03:52,920
11175		-You haven't complicated the matter, we
11176		-
11177		-2795
11178		-02:03:52,920 ~-~-> 02:03:54,750
11179		-stuck to just trading off of the higher
11180		-
11181		-2796
11182		-02:03:54,750 ~-~-> 02:03:57,420
11183		-time frame premise. Okay. And that's
11184		-
11185		-2797
11186		-02:03:57,420 ~-~-> 02:03:59,730
11187		-your directional premise. Okay, that's
11188		-
11189		-2798
11190		-02:03:59,730 ~-~-> 02:04:01,950
11191		-your direct premise, you don't trade
11192		-
11193		-2799
11194		-02:04:01,950 ~-~-> 02:04:04,200
11195		-every day, you don't anticipate trading
11196		-
11197		-2800
11198		-02:04:04,200 ~-~-> 02:04:06,510
11199		-every day, okay? And you just wait for
11200		-
11201		-2801
11202		-02:04:06,510 ~-~-> 02:04:10,650
11203		-the setups that really line up with what
11204		-
11205		-2802
11206		-02:04:10,650 ~-~-> 02:04:12,990
11207		-you're looking to do as a trader. Okay?
11208		-
11209		-2803
11210		-02:04:13,080 ~-~-> 02:04:14,430
11211		-And when you get to the point where you
11212		-
11213		-2804
11214		-02:04:14,430 ~-~-> 02:04:16,950
11215		-can start trading very consistently,
11216		-
11217		-2805
11218		-02:04:17,250 ~-~-> 02:04:20,220
11219		-you'll start seeing the market to all of
11220		-
11221		-2806
11222		-02:04:20,220 ~-~-> 02:04:22,890
11223		-these timeframes at one time, okay,
11224		-
11225		-2807
11226		-02:04:22,890 ~-~-> 02:04:26,340
11227		-you'll, you'll start seeing it in a
11228		-
11229		-2808
11230		-02:04:26,340 ~-~-> 02:04:29,580
11231		-manner where you'll know you can move
11232		-
11233		-2809
11234		-02:04:29,580 ~-~-> 02:04:33,270
11235		-from one timeframe or style trading to
11236		-
11237		-2810
11238		-02:04:33,270 ~-~-> 02:04:36,600
11239		-another. And it won't be anything to you
11240		-
11241		-2811
11242		-02:04:36,600 ~-~-> 02:04:38,850
11243		-to do that it won't it won't take your
11244		-
11245		-2812
11246		-02:04:43,500 ~-~-> 02:04:45,750
11247		-mind away from you know what you need to
11248		-
11249		-2813
11250		-02:04:45,750 ~-~-> 02:04:48,450
11251		-be doing on the short term. If you're a
11252		-
11253		-2814
11254		-02:04:48,450 ~-~-> 02:04:51,120
11255		-higher timeframe, position trader, and
11256		-
11257		-2815
11258		-02:04:51,120 ~-~-> 02:04:53,280
11259		-you could work within both directions of
11260		-
11261		-2816
11262		-02:04:53,280 ~-~-> 02:04:55,200
11263		-the marketplace. And there's nothing
11264		-
11265		-2817
11266		-02:04:55,200 ~-~-> 02:04:57,090
11267		-wrong with that, but there's a growing
11268		-
11269		-2818
11270		-02:04:57,090 ~-~-> 02:04:59,400
11271		-period it's gonna be needed to get to
11272		-
11273		-2819
11274		-02:04:59,400 ~-~-> 02:05:01,380
11275		-that point. And as long as you are
11276		-
11277		-2820
11278		-02:05:01,380 ~-~-> 02:05:04,110
11279		-comfortable with that, and it's not
11280		-
11281		-2821
11282		-02:05:04,110 ~-~-> 02:05:07,770
11283		-going to be, you know, hopefully
11284		-
11285		-2822
11286		-02:05:07,980 ~-~-> 02:05:10,260
11287		-disappointing you as you grow and you
11288		-
11289		-2823
11290		-02:05:10,260 ~-~-> 02:05:13,500
11291		-have Growing Pains so again, let's recap
11292		-
11293		-2824
11294		-02:05:13,500 ~-~-> 02:05:17,790
11295		-this and put this video to bed. When you
11296		-
11297		-2825
11298		-02:05:17,790 ~-~-> 02:05:20,400
11299		-look for directional premise, obviously
11300		-
11301		-2826
11302		-02:05:20,400 ~-~-> 02:05:21,630
11303		-you're looking at the monthly, weekly
11304		-
11305		-2827
11306		-02:05:21,630 ~-~-> 02:05:23,310
11307		-and daily that's your position traders
11308		-
11309		-2828
11310		-02:05:23,310 ~-~-> 02:05:25,260
11311		-mindset. Okay, so every trade should
11312		-
11313		-2829
11314		-02:05:25,260 ~-~-> 02:05:27,000
11315		-have that in the forefront of your mind
11316		-
11317		-2830
11318		-02:05:27,000 ~-~-> 02:05:28,560
11319		-No, where's where's the highest
11320		-
11321		-2831
11322		-02:05:28,680 ~-~-> 02:05:30,570
11323		-probability in terms of direction most
11324		-
11325		-2832
11326		-02:05:30,570 ~-~-> 02:05:32,220
11327		-likely to occur? You're going to find
11328		-
11329		-2833
11330		-02:05:32,220 ~-~-> 02:05:33,750
11331		-that by looking at that higher level
11332		-
11333		-2834
11334		-02:05:33,750 ~-~-> 02:05:35,880
11335		-monthly, weekly and daily. Find the key
11336		-
11337		-2835
11338		-02:05:35,880 ~-~-> 02:05:37,080
11339		-support resistance levels, determine the
11340		-
11341		-2836
11342		-02:05:37,080 ~-~-> 02:05:39,240
11343		-market structure, market profiling, all
11344		-
11345		-2837
11346		-02:05:39,240 ~-~-> 02:05:40,620
11347		-these things that we talked about in
11348		-
11349		-2838
11350		-02:05:40,620 ~-~-> 02:05:44,100
11351		-previous market teachings are applicable
11352		-
11353		-2839
11354		-02:05:44,100 ~-~-> 02:05:47,010
11355		-here. And obviously, a swing trader,
11356		-
11357		-2840
11358		-02:05:47,040 ~-~-> 02:05:48,510
11359		-you're using the daily the four hour and
11360		-
11361		-2841
11362		-02:05:48,510 ~-~-> 02:05:51,450
11363		-one hour. Again, looking for trades in a
11364		-
11365		-2842
11366		-02:05:51,450 ~-~-> 02:05:54,120
11367		-directional premise that's arrived at
11368		-
11369		-2843
11370		-02:05:54,120 ~-~-> 02:05:57,450
11371		-the position traders mentality. Okay.
11372		-
11373		-2844
11374		-02:05:58,170 ~-~-> 02:05:59,760
11375		-The short term trader obviously using
11376		-
11377		-2845
11378		-02:05:59,760 ~-~-> 02:06:01,320
11379		-the full Our one hour and 15 minute
11380		-
11381		-2846
11382		-02:06:01,320 ~-~-> 02:06:05,190
11383		-timeframe. Okay, that same approach to
11384		-
11385		-2847
11386		-02:06:05,190 ~-~-> 02:06:09,180
11387		-trading still will use those central
11388		-
11389		-2848
11390		-02:06:09,180 ~-~-> 02:06:10,890
11391		-tenants that you arrive at with the
11392		-
11393		-2849
11394		-02:06:10,890 ~-~-> 02:06:12,030
11395		-position trader and swing traders
11396		-
11397		-2850
11398		-02:06:12,030 ~-~-> 02:06:14,730
11399		-mindset. Okay, nothing's changing.
11400		-
11401		-2851
11402		-02:06:15,090 ~-~-> 02:06:16,980
11403		-There's no confusion, okay? I've seen
11404		-
11405		-2852
11406		-02:06:16,980 ~-~-> 02:06:18,480
11407		-guys get frustrated say, Well, how can
11408		-
11409		-2853
11410		-02:06:18,480 ~-~-> 02:06:20,730
11411		-we trade? If it's always since
11412		-
11413		-2854
11414		-02:06:20,730 ~-~-> 02:06:22,260
11415		-something's always changing? what's
11416		-
11417		-2855
11418		-02:06:22,260 ~-~-> 02:06:24,300
11419		-changing guys, the dates changing,
11420		-
11421		-2856
11422		-02:06:24,570 ~-~-> 02:06:26,550
11423		-okay? new opportunities are presented
11424		-
11425		-2857
11426		-02:06:26,550 ~-~-> 02:06:28,830
11427		-themselves, but nothing's changed in the
11428		-
11429		-2858
11430		-02:06:28,830 ~-~-> 02:06:31,200
11431		-higher timeframe. Okay, you're still
11432		-
11433		-2859
11434		-02:06:31,230 ~-~-> 02:06:33,090
11435		-either going to be going up, or you're
11436		-
11437		-2860
11438		-02:06:33,090 ~-~-> 02:06:34,320
11439		-still going to be going down in the
11440		-
11441		-2861
11442		-02:06:34,320 ~-~-> 02:06:37,110
11443		-higher timeframe, predominantly one way
11444		-
11445		-2862
11446		-02:06:37,110 ~-~-> 02:06:38,490
11447		-or the other, okay? It's going to be
11448		-
11449		-2863
11450		-02:06:39,000 ~-~-> 02:06:40,890
11451		-heavyweight either to the bullish side
11452		-
11453		-2864
11454		-02:06:40,890 ~-~-> 02:06:42,270
11455		-or the bearish side unless you're in a
11456		-
11457		-2865
11458		-02:06:42,270 ~-~-> 02:06:44,430
11459		-very, very tight, discernible
11460		-
11461		-2866
11462		-02:06:44,430 ~-~-> 02:06:46,860
11463		-consolidation we've already shown. And
11464		-
11465		-2867
11466		-02:06:46,860 ~-~-> 02:06:48,810
11467		-that's why I really highlighted this as
11468		-
11469		-2868
11470		-02:06:48,810 ~-~-> 02:06:50,880
11471		-an example, the cable where we were in
11472		-
11473		-2869
11474		-02:06:50,880 ~-~-> 02:06:52,770
11475		-this really tight consolidation down in
11476		-
11477		-2870
11478		-02:06:52,770 ~-~-> 02:06:56,220
11479		-here. This is still applicable. I mean,
11480		-
11481		-2871
11482		-02:06:56,220 ~-~-> 02:06:58,650
11483		-there's a lot of opportunity to be made
11484		-
11485		-2872
11486		-02:06:58,680 ~-~-> 02:07:00,720
11487		-in this little consolidation. It may be
11488		-
11489		-2873
11490		-02:07:00,720 ~-~-> 02:07:03,120
11491		-viewed as consolidation small in some
11492		-
11493		-2874
11494		-02:07:03,120 ~-~-> 02:07:04,770
11495		-people's eyes. But there's a lot of
11496		-
11497		-2875
11498		-02:07:04,770 ~-~-> 02:07:06,720
11499		-opportunity to be making money in all
11500		-
11501		-2876
11502		-02:07:06,720 ~-~-> 02:07:08,730
11503		-this before we even got on this rant or
11504		-
11505		-2877
11506		-02:07:08,730 ~-~-> 02:07:12,150
11507		-this rally up. This is cream, you want
11508		-
11509		-2878
11510		-02:07:12,150 ~-~-> 02:07:14,760
11511		-to be able to trade inside of this and
11512		-
11513		-2879
11514		-02:07:14,760 ~-~-> 02:07:16,980
11515		-still make money. Okay? And that's where
11516		-
11517		-2880
11518		-02:07:16,980 ~-~-> 02:07:18,240
11519		-you simply use the inside the range
11520		-
11521		-2881
11522		-02:07:18,240 ~-~-> 02:07:20,640
11523		-concepts, and it's done. You know
11524		-
11525		-2882
11526		-02:07:20,640 ~-~-> 02:07:22,620
11527		-exactly what you're doing. Okay? And
11528		-
11529		-2883
11530		-02:07:23,430 ~-~-> 02:07:25,560
11531		-there's no reason for you to be
11532		-
11533		-2884
11534		-02:07:25,920 ~-~-> 02:07:29,220
11535		-struggling, trying to figure out what
11536		-
11537		-2885
11538		-02:07:29,220 ~-~-> 02:07:30,360
11539		-the directional premise should be.
11540		-
11541		-2886
11542		-02:07:30,780 ~-~-> 02:07:33,300
11543		-There's no reason for that. Okay? Just
11544		-
11545		-2887
11546		-02:07:33,300 ~-~-> 02:07:34,650
11547		-look at the higher time frames, break
11548		-
11549		-2888
11550		-02:07:34,650 ~-~-> 02:07:36,120
11551		-your market down from the top down,
11552		-
11553		-2889
11554		-02:07:36,210 ~-~-> 02:07:40,410
11555		-okay, and stick to that. Only trade in
11556		-
11557		-2890
11558		-02:07:40,410 ~-~-> 02:07:42,270
11559		-that direction. Guess what that's gonna
11560		-
11561		-2891
11562		-02:07:42,270 ~-~-> 02:07:44,190
11563		-mean, you're going to probably miss some
11564		-
11565		-2892
11566		-02:07:44,190 ~-~-> 02:07:46,590
11567		-trades. And guess what? There's
11568		-
11569		-2893
11570		-02:07:46,590 ~-~-> 02:07:48,720
11571		-absolutely nothing wrong with that. I
11572		-
11573		-2894
11574		-02:07:48,720 ~-~-> 02:07:51,060
11575		-missed a million trades. And some of
11576		-
11577		-2895
11578		-02:07:51,060 ~-~-> 02:07:54,330
11579		-them were absolutely barn burners. And I
11580		-
11581		-2896
11582		-02:07:54,330 ~-~-> 02:07:56,100
11583		-would have seen him coming. And many
11584		-
11585		-2897
11586		-02:07:56,100 ~-~-> 02:07:58,290
11587		-times I could have probably easily done
11588		-
11589		-2898
11590		-02:07:58,320 ~-~-> 02:08:00,450
11591		-the counter trend trade But I don't
11592		-
11593		-2899
11594		-02:08:00,450 ~-~-> 02:08:03,090
11595		-care. Because I want to have a life I'm
11596		-
11597		-2900
11598		-02:08:03,090 ~-~-> 02:08:04,320
11599		-comfortable with, with the amount of
11600		-
11601		-2901
11602		-02:08:04,320 ~-~-> 02:08:09,270
11603		-money I make. And I'm very complacent
11604		-
11605		-2902
11606		-02:08:09,300 ~-~-> 02:08:11,490
11607		-with the approach that I've adopted as a
11608		-
11609		-2903
11610		-02:08:11,490 ~-~-> 02:08:13,860
11611		-trader, I've done all this stuff that
11612		-
11613		-2904
11614		-02:08:13,860 ~-~-> 02:08:15,900
11615		-you want to be doing right now, scalping
11616		-
11617		-2905
11618		-02:08:15,900 ~-~-> 02:08:18,420
11619		-15 times a day and, you know, 40 times a
11620		-
11621		-2906
11622		-02:08:18,420 ~-~-> 02:08:20,520
11623		-week and 300 by the end of the month,
11624		-
11625		-2907
11626		-02:08:20,970 ~-~-> 02:08:22,560
11627		-that's great. If you want to be you want
11628		-
11629		-2908
11630		-02:08:22,560 ~-~-> 02:08:24,060
11631		-to be that type of trader, go right
11632		-
11633		-2909
11634		-02:08:24,060 ~-~-> 02:08:27,450
11635		-ahead, and I wish you profits. But I
11636		-
11637		-2910
11638		-02:08:27,450 ~-~-> 02:08:29,490
11639		-think over time, if you can sustain
11640		-
11641		-2911
11642		-02:08:29,490 ~-~-> 02:08:30,870
11643		-yourself, you're going to find that it's
11644		-
11645		-2912
11646		-02:08:30,870 ~-~-> 02:08:36,030
11647		-a lot more lucrative, okay to be
11648		-
11649		-2913
11650		-02:08:36,210 ~-~-> 02:08:38,880
11651		-passive. In trading. You don't have to
11652		-
11653		-2914
11654		-02:08:38,880 ~-~-> 02:08:40,590
11655		-be in here all the time. In fact, my
11656		-
11657		-2915
11658		-02:08:40,590 ~-~-> 02:08:43,200
11659		-stress level is next to nothing, because
11660		-
11661		-2916
11662		-02:08:43,200 ~-~-> 02:08:44,760
11663		-I don't spend that much time in there.
11664		-
11665		-2917
11666		-02:08:45,030 ~-~-> 02:08:46,950
11667		-Okay, actually stress more about doing
11668		-
11669		-2918
11670		-02:08:46,950 ~-~-> 02:08:48,390
11671		-these videos for you guys than I do
11672		-
11673		-2919
11674		-02:08:48,390 ~-~-> 02:08:52,320
11675		-trading. And, you know, that's really
11676		-
11677		-2920
11678		-02:08:52,320 ~-~-> 02:08:54,180
11679		-what it gets to, you know, are you doing
11680		-
11681		-2921
11682		-02:08:54,180 ~-~-> 02:08:56,430
11683		-this to make money and have a better
11684		-
11685		-2922
11686		-02:08:56,430 ~-~-> 02:08:58,200
11687		-life or are you doing this to compete
11688		-
11689		-2923
11690		-02:08:58,620 ~-~-> 02:09:01,920
11691		-and if you're in here, too, compete. You
11692		-
11693		-2924
11694		-02:09:01,920 ~-~-> 02:09:03,540
11695		-don't for the wrong reasons. Okay?
11696		-
11697		-2925
11698		-02:09:03,600 ~-~-> 02:09:06,390
11699		-Number one is to make money, and you
11700		-
11701		-2926
11702		-02:09:06,390 ~-~-> 02:09:08,040
11703		-want to be making money and having a
11704		-
11705		-2927
11706		-02:09:08,280 ~-~-> 02:09:10,770
11707		-very nice life. And you can do that
11708		-
11709		-2928
11710		-02:09:10,770 ~-~-> 02:09:12,360
11711		-while you're building your equity. Okay?
11712		-
11713		-2929
11714		-02:09:12,360 ~-~-> 02:09:14,760
11715		-And when you have a whole lot more money
11716		-
11717		-2930
11718		-02:09:14,760 ~-~-> 02:09:16,020
11719		-at work and you're taking these types of
11720		-
11721		-2931
11722		-02:09:16,020 ~-~-> 02:09:18,660
11723		-trades, it's unbelievable how much money
11724		-
11725		-2932
11726		-02:09:18,660 ~-~-> 02:09:19,920
11727		-can come into your account just on a
11728		-
11729		-2933
11730		-02:09:19,920 ~-~-> 02:09:22,080
11731		-weekly basis, let alone for the year.
11732		-
11733		-2934
11734		-02:09:22,290 ~-~-> 02:09:25,620
11735		-So, again, hopefully, this has been
11736		-
11737		-2935
11738		-02:09:25,620 ~-~-> 02:09:27,960
11739		-insightful to you guys. And it's been
11740		-
11741		-2936
11742		-02:09:30,300 ~-~-> 02:09:32,490
11743		-one more step further for you to be
11744		-
11745		-2937
11746		-02:09:32,490 ~-~-> 02:09:34,740
11747		-developing a directional premise. And
11748		-
11749		-2938
11750		-02:09:34,800 ~-~-> 02:09:37,320
11751		-again, we didn't apply every tool, I
11752		-
11753		-2939
11754		-02:09:37,320 ~-~-> 02:09:39,000
11755		-just stuck to the core principles,
11756		-
11757		-2940
11758		-02:09:39,420 ~-~-> 02:09:42,180
11759		-keeping your focus on what's essential.
11760		-
11761		-2941
11762		-02:09:42,420 ~-~-> 02:09:44,010
11763		-Okay, we talked about core essentials
11764		-
11765		-2942
11766		-02:09:44,010 ~-~-> 02:09:45,600
11767		-with the market structure. We talked
11768		-
11769		-2943
11770		-02:09:45,600 ~-~-> 02:09:47,010
11771		-about core essentials with directional
11772		-
11773		-2944
11774		-02:09:47,010 ~-~-> 02:09:48,450
11775		-premise from the higher time frame deck
11776		-
11777		-2945
11778		-02:09:48,540 ~-~-> 02:09:50,760
11779		-direction, or premise from a top down
11780		-
11781		-2946
11782		-02:09:50,760 ~-~-> 02:09:53,940
11783		-perspective. And that's it. That's all
11784		-
11785		-2947
11786		-02:09:53,940 ~-~-> 02:09:56,400
11787		-you need. Now, when you have that
11788		-
11789		-2948
11790		-02:09:56,400 ~-~-> 02:09:58,140
11791		-premise in mind, you can apply all these
11792		-
11793		-2949
11794		-02:09:58,140 ~-~-> 02:10:01,350
11795		-other tools that are applicable Based on
11796		-
11797		-2950
11798		-02:10:01,380 ~-~-> 02:10:04,620
11799		-the specific criteria for that given day
11800		-
11801		-2951
11802		-02:10:04,650 ~-~-> 02:10:06,240
11803		-or week or month, whatever type of
11804		-
11805		-2952
11806		-02:10:06,870 ~-~-> 02:10:08,340
11807		-timeframe you're looking at based on
11808		-
11809		-2953
11810		-02:10:08,340 ~-~-> 02:10:10,800
11811		-your style trading. Okay, so with that,
11812		-
11813		-2954
11814		-02:10:10,800 ~-~-> 02:10:12,570
11815		-guys, I wish you good luck and good
11816		-
11817		-2955
11818		-02:10:12,570 ~-~-> 02:10:12,990
11819		-trading