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Version 1.1 by Drunk Monkey on 2020-11-20 16:14
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Drunk Monkey 1.1 1 1
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3 ICT: Okay, folks, essentials to market
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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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35 me. It's Michael, obviously to share a
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39 little further amplification on some of
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43 the concepts that I use in determining
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47 trade direction. And hopefully, this
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51 will be insightful for you. But what do
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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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63 Well, you as a forex trader Do you want
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67 to be finding your way through price?
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71 And as a new trader, I can understand
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75 how daunting this task may be because
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79 there's so many different timeframes.
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83 You have your monthly, weekly daily for
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87 hour, one hour, 15 minutes or five
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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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103 sometimes, if you understand really what
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107 it is you'd be doing in breaking it
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111 down, breaking down price in a uniform
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115 structured way. So first thing I'm going
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119 to really counsel you on is your primary
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123 objective is to know your timeframe that
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127 you're trading, okay. And it gets back
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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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139 trader, you're gonna be a swing trader,
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143 a short term trader Are you gonna be a
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147 day trader or a scalper? I can't teach
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151 you how to find the correct style trader
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155 that's within you. That's all part of
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159 your personal makeup. So this module
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163 much in the same capacity as my other
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167 modules have been They're going to speak
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171 in general terms, okay? But it's going
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175 to give you enough insight for you to be
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179 able to determine what it is that you
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183 need to be focusing on for you to find
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187 the most optimal way of trading for you
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191 yourself, okay? Because each of us are
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195 going to be different. As you grow and
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199 you mature as a trader, you may be multi
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203 timeframe based in terms of trading
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207 alerts, I consider myself a dynamic
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211 trader simply because I can trade any
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215 one of these timeframes. Now I excel in
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219 the short term to swing trading area,
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223 but I can day trade, I can scalp but I
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227 prefer not to. It would be my advice to
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231 you is if you can try to work within the
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235 short term to day trading in the
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239 beginning because it's going to give you
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243 the most immediate feedback and it's
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247 going to give you the confidence you
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251 need to be sticking to a plan because
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255 obviously, as a position trader, you
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259 don't have a whole lot of opportunities
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263 materializing Do that frequently. Swing
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267 Trading again, same capacity, it's going
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271 to be a little a little while between
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275 each setup. So it's gonna be harder for
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279 a new trader looking to find themselves
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283 to wait between the signals and stick
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287 within that specific framework for
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291 trading. So short term trading, day
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295 trading and scalping is this void that
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299 for now, but we will talk about how you
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303 can utilize these concepts for scalping.
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307 But, again, short term and day trades.
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311 If you're brand new to price action,
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315 those are very rewarding because they
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319 give you immediate feedback, new traders
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323 sometimes need. So let's talk about what
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327 the professional perspective is when
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331 we're applying market structure. Well,
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335 obviously, for position trades, this is
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339 going to be anywhere between three to as
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343 much as six to six months to a year in
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347 terms of duration. Now, I don't have a
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351 whole lot of types of trades like this,
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355 but
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359 every three to four months in the
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363 marketplace, whether it be in stocks or
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367 commodities or Forex. There is a
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371 specific swing that manifest itself and
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375 we talked about that in other videos and
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379 other teaching. I'm not going to cover
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383 that here but if you are that type of
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387 trader, obviously the three timeframes
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391 that you would utilize to break down
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395 market structure for your particular
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399 market would obviously be monthly, the
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403 weekly and the daily Okay, monthly being
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407 your highest timeframe, you weekly being
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411 your midline or mid level timeframe and
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415 then you have your daily that would be
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419 your short term. Now, as a swing trader,
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423 okay, your premise for breaking down
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427 market structure will be comprised over
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431 looking at the daily the four hour and
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435 the one hour chart okay. Your setup will
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439 be based upon what you see on the higher
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443 time frame the daily much in the same
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447 capacity for position trade. The monthly
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451 will be your position trade premise,
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455 whereas if we are considerably
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459 overbought and there should be some kind
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463 of a topping formation on a monthly
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467 chart You would look to see market
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471 structure break down on a weekly and
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475 daily to facilitate a short position.
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479 Well on a swing trade model, you utilize
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483 that same measure of market structure by
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487 utilizing the highest timeframe for
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491 swing trades. And this approach would be
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495 the daily chart and then breaking that
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499 down into four hour chart, and then
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503 lesser price action study in the one
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507 hour chart. So you'll be timing on the
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511 one hour you will be managing on the
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515 four hour and the premise or the trade
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519 idea will be built upon the highest
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523 timeframe which would be the daily
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527 chart, okay, and the swing traders model
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531 here. If you're a short term trader,
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535 obviously, the duration of time for
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539 these types of trades could be anywhere
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543 between one day to as much as a week or
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547 so. Swing Trading is about a week or
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551 more in terms of trade duration. I
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555 forgot to mention that. But for short
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559 term trades up Using the four hour chart
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563 for your trade premise or your
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567 directional bias, and then on the one
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571 hour chart, that would be your trade
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575 management or mid level timeframe. And
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579 then your 15 minute chart would be
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583 utilized for your timing for entry and
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587 possibly looking for early reversal
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591 signs that your trade may be petering
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595 out and it's time to take profits. For
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599 day trades, obviously, you can see it's
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603 the one hour chart and be highest
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607 timeframe, you would be managing your
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611 trade on the 15 minute timeframe. And
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615 your five minute chart will be utilized
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619 to enter. Now, it's not to say that you
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623 can't use a five minute chart on the
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627 short term swing and position trades for
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631 entry. Okay, I'm giving you the
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635 framework for at least having three
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639 timeframes across the spectrum of your
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643 trading and how you break down market
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647 structure over these three specific
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651 timeframes for each Individual trading
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655 model will give you again, the building
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659 blocks to flesh out what you need to see
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663 in terms of directional bias. Okay? So
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667 let's take a look closer look at price,
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671 action and market structure. Now the
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675 keys to multiple timeframe market
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679 structure, okay are rather simple.
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683 Where's your focus? Your focus should be
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687 on the highest of the three timeframes.
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691 trades will be managed by the highest or
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695 mid timeframes. Okay, in other words, if
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699 you are a swing trader, you're going to
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703 be utilizing that daily timeframe to
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707 manage or the four hour chart to manage
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711 your trade, okay, but the daily is going
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715 to be utilized to facilitate the trade
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719 premise. In other words, that's going to
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723 give you your directional bias okay the
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727 market structure that is one the daily
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731 chart That's framing your swing trades.
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735 Okay, once you get into a trade, you'd
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739 be managing that trade on a four hour
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743 time frame,
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747 and you would just use respective
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751 timeframes we just talked about in the
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755 previous slide and then your one hour
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759 chart would be used for timing purposes,
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763 okay. So, the shortest time frame in
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767 that regard for swing trading would be
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771 the 60 minute chart. So, your entry
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775 signals would be derived from having
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779 studied the market structure on the
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783 daily and the four hour then your one
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787 hour chart was facilitate the specific
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791 entry point. Okay, so you know, what you
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795 would do your entry concepts and
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799 techniques on the one hour chart for
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803 swing trades. The highest probability
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807 trades are made in the higher timeframe
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811 direction, okay. Now, there are going to
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815 be instances where the higher time frame
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819 premise may be bullish, but your
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823 approach A key resistance level. So that
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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