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3 -ICT: Hi, folks, welcome to volume 134, mastering high
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2 +|1 |00:00:11,820 ~-~-> 00:00:23,940 |ICT: Hi, folks, welcome to volume one of three, four, mastering high probability scalping. Now, this is a video that's going to be kept on my YouTube channel.
3 +|2 |00:00:24,570 ~-~-> 00:00:37,080 |And generally, anything that's predominantly linked to just, my youtube channel will have this intro. And I'm going to ask you as the trading community to help
4 +|3 |00:00:37,080 ~-~-> 00:00:47,220 |me out, a lot of times folks will take my content and re upload it on our own YouTube channel. And if you see that, just let me know. And I'd like to have
5 +|4 |00:00:47,220 ~-~-> 00:00:58,020 |that taken down. I put the work into these presentations. So I'd like to be able to get the credit and the benefit of ad revenue off of it. So if you see it,
6 +|5 |00:00:58,320 ~-~-> 00:01:06,810 |just let me know. And I appreciate you don't have to be public about it can send me an email at inner circle trader@gmail.com. I greatly appreciate it. Thanks.
7 +|6 |00:01:11,580 ~-~-> 00:01:21,120 |Alright, so before we begin, I'm gonna ask you a question, what is high probability scalps? Every one of us would have a different definition, I'm
8 +|7 |00:01:21,120 ~-~-> 00:01:33,150 |certain of it. But for me as ICT it's 10 to 30 PIP price swings. Now, I don't do a lot of this type of trading. It's only recently because I've come back online,
9 +|8 |00:01:33,150 ~-~-> 00:01:44,280 |and it gives me an opportunity to give them a lot of setups, a lot of results, a lot of things to study. I guess it's probably one of the easiest things to get
10 +|9 |00:01:44,280 ~-~-> 00:01:53,610 |people excited. And I know that going in. And that's the reason why I adopted this style of showcasing our talents. But I don't want you to think this is the
11 +|10 |00:01:53,610 ~-~-> 00:02:02,340 |only way you can trade the markets, because it's not, there's certainly ways you can do a front end of the standpoint. But I want you to know that what I teach,
12 +|11 |00:02:02,700 ~-~-> 00:02:13,950 |has consistency, and also has the ability to prove right away that the markets are not, in fact, random at all. They're very, very organized, they're very
13 +|12 |00:02:13,950 ~-~-> 00:02:23,010 |specific about where they're trying to get to intraday, and even on a weekly basis. And I would probably argue the point on an even longer term basis, but I
14 +|13 |00:02:23,010 ~-~-> 00:02:32,010 |just haven't made my position that long term game. I don't think I ever will. Personally it's not my cup of tea, I like day trading and short term trading.
15 +|14 |00:02:32,190 ~-~-> 00:02:39,960 |One shot one kills what I'm known for, which is trading the weekly range. So daily highs and lows are my specialty. And weekly highs and lows are my
16 +|15 |00:02:39,960 ~-~-> 00:02:47,970 |specialty. So I tried to trade inside those ranges. And I get the meat or hopefully the meat of the move, not trying to get the very high or very low. But
17 +|16 |00:02:47,970 ~-~-> 00:02:56,460 |I know where those parameters are. And as long as I haven't met those extremes, I know I have opportunity or life in the battery, if you will. Alright, so we're
18 +|17 |00:02:56,460 ~-~-> 00:03:03,630 |gonna be focusing on specific things in this presentation, it's not gonna be very long, I want to keep them concise and short. And again, it's three volumes
19 +|18 |00:03:03,630 ~-~-> 00:03:11,370 |that if any questions come up by why you're watching this, it's important that every time you watch any of my videos, have a notepad in hand, turn the radio
20 +|19 |00:03:11,370 ~-~-> 00:03:23,370 |off, go into a quiet room, listen to what I'm saying, because I'm packing 20 plus years of information and experience in very, very small bandwidth. So just
21 +|20 |00:03:23,490 ~-~-> 00:03:31,920 |write down your questions, I'm quite certain that you're gonna be able to find the answers to them in future presentations. For this one, we'll be highlighting
22 +|21 |00:03:31,920 ~-~-> 00:03:40,500 |the many opportunities in scalping the Forex will be teaching you how to learn directional bias for higher timeframe institutional sponsorship, and I'll
23 +|22 |00:03:40,500 ~-~-> 00:03:49,050 |explain what that is when we get to it. And how to determine the highest probable times of the day trade. And we're going to be learning how to frame
24 +|23 |00:03:49,050 ~-~-> 00:04:01,650 |high probability setups for runs on liquidity. Sounds pretty fancy, I know. Alright, so high probability scalping. And this is an example of a high
25 +|24 |00:04:01,650 ~-~-> 00:04:10,260 |probability scalp and this is in the dollar CAD. Now right away some of you are gonna be watching this video months and years from the time actually presented
26 +|25 |00:04:10,260 ~-~-> 00:04:22,590 |it. Trust me. I tweeted live and people watched this actually be shown to them live Okay, this actually was a weekly high at the time of this presentation, but
27 +|26 |00:04:22,590 ~-~-> 00:04:34,200 |I was calling them a weekly and daily Hi. Looking at this specific range, everything that's in here is all that is necessary to know how to do short term
28 +|27 |00:04:34,200 ~-~-> 00:04:45,390 |scalping intraday now, because it's scalping. But there's gonna be times when these setups overlap with longer term conditions. Now, I'm not teaching one shot
29 +|28 |00:04:45,390 ~-~-> 00:04:52,470 |one kill here. I'm not teaching swing trading or position trading, but I will drop that little nugget for you to study.
30 +|29 |00:04:52,830 ~-~-> 00:05:02,400 |It's obviously found in my free tutorials. You can find that on my website about inner circle trader dot As a free forum, you can join, join that, it's
31 +|30 |00:05:02,400 ~-~-> 00:05:11,310 |absolutely free to get in there and you can watch all my free tutorials that I'm releasing. And you'll also be able to see some things I share in trading journal
32 +|31 |00:05:11,460 ~-~-> 00:05:20,790 |entry. So you can give me an opportunity to speak to you by way of how I interpret and reflect on what has been seen in the marketplace when I take
33 +|32 |00:05:20,790 ~-~-> 00:05:28,710 |action. Or if I take action and I lose, you kind of get a vibe on what it is I've either felt or what I was thinking during the day when I was looking at the
34 +|33 |00:05:28,710 ~-~-> 00:05:40,350 |marketplace. But short term scalp here is a very simple approach to running out previous day's highs or previous day's lows. That's all it is, we're targeting,
35 +|34 |00:05:40,890 ~-~-> 00:05:50,040 |buy stops above the previous day's high or a day or two ago. Now words, we're always gonna be looking back the last three days, okay, there's your, there's
36 +|35 |00:05:50,040 ~-~-> 00:05:58,440 |your range, okay, you're gonna be looking back at the highest high and the lowest low in the last three days. Now you're counting today as they want. So
37 +|36 |00:05:58,440 ~-~-> 00:06:07,290 |for instance, at the time of this recording, the day of the week is Thursday. So we will be looking at Wednesday's data, and Tuesday's data, very easy rules,
38 +|37 |00:06:07,290 ~-~-> 00:06:15,750 |right? So we know what the daily high and the low is on Tuesday, and on Wednesday, and we're monitoring what's going on intraday for today, and that
39 +|38 |00:06:15,750 ~-~-> 00:06:29,220 |would be Thursday at the time of this recording in November 2 2017. Now, what we're aiming for, is exactly how bank traders trade. Now, I know a lot of folks
40 +|39 |00:06:29,250 ~-~-> 00:06:38,070 |on YouTube claim to know certain things and they use a lot of buzzwords, but I'm going to show you something that no one else teaches because they don't know it.
41 +|40 |00:06:38,460 ~-~-> 00:06:47,430 |Okay, but I'm going to show you in recent weeks, since I've been back on social media, everyone's noticing a tone or difference in my presentation, it's a lot
42 +|41 |00:06:47,430 ~-~-> 00:06:56,820 |more concise, a lot more accurate, a lot more specific in nature. And that's because I spent the last 14 months with people on a day by day basis, and I've
43 +|42 |00:06:56,820 ~-~-> 00:07:07,500 |been able to share with them. They're really openly about what I've learned over the last 24 plus years. And it's not retail, retail things get you into this
44 +|43 |00:07:07,500 ~-~-> 00:07:16,710 |business. I'm going to show you how to leave that stuff behind you and think institutionally, that's like my tagline. I want everyone that follows me to
45 +|44 |00:07:16,710 ~-~-> 00:07:24,690 |leave that retail mindset because it's not going to help you. In fact, it's actually going to be a hindrance or snare, you're going to find yourself not
46 +|45 |00:07:24,690 ~-~-> 00:07:31,980 |finding consistency at all. And if you ask yourself right now, are you consistent. If you're following retail stuff, you're probably not using the
47 +|46 |00:07:31,980 ~-~-> 00:07:41,010 |things I'm going to teach you in this three volumes, you will quickly find consistency. Now, I did not say profitability, I cannot promise that some of you
48 +|47 |00:07:41,040 ~-~-> 00:07:47,250 |are going to break the rules, when are you going to do things early, so you're going to do things late, you're going to risk too much. Okay, and you're going
49 +|48 |00:07:47,250 ~-~-> 00:07:54,690 |to do too many things at one time. That's what's going to cause the adverse effect. And I don't want to credit for your wins. And I don't want to credit for
50 +|49 |00:07:54,690 ~-~-> 00:08:06,990 |your losses, be responsible. It's only for informational purposes only. Alright, so when we look at high probability scalping, and this is an hourly chart on the
51 +|50 |00:08:06,990 ~-~-> 00:08:17,130 |dollar CAD. And what I've done is I've highlighted the individual daily highs and lows. Now, it's important that from a scalping standpoint, your timeframe
52 +|51 |00:08:17,130 ~-~-> 00:08:23,460 |you're gonna be following moon mostly is going to be on the daily, because it's going to give you a bias, and I'll show you how to do that. It's really simple.
53 +|52 |00:08:24,330 ~-~-> 00:08:35,100 |But for looking for liquidity, you're gonna be using the hourly chart, because it gives us a real nice framework to see where previous day's highs or the
54 +|53 |00:08:35,100 ~-~-> 00:08:43,800 |previous high two days ago, okay, for instance, right now, at the time of this recording, right over here, is this Thursday's data in the far right of the
55 +|54 |00:08:43,800 ~-~-> 00:08:53,130 |chart, okay, in yesterday's Wednesday's data, you can see the low it's been highlighted here, and the high and then Tuesday's, high and low. Okay, so I want
56 +|55 |00:08:53,130 ~-~-> 00:09:02,760 |to draw your attention to the fact that we have traded below Wednesday's low today. And we've also now traded below Tuesday's low. So that to me, is a
57 +|56 |00:09:02,760 ~-~-> 00:09:09,240 |significant point. And I'll talk more about that in Volume Two. But I want to kind of like bring your attention to it right now because it's going to be
58 +|57 |00:09:09,240 ~-~-> 00:09:17,670 |salient to what we see going into tomorrow's trading. Okay. And you'll see all that, in hindsight, but I'm drawing your attention to it right now. But each
59 +|58 |00:09:17,670 ~-~-> 00:09:26,760 |day, daily highs and lows. Okay, when it's bullish when the market is bullish, and I'll show you how to define what's bullish and what's bearish. not requiring
60 +|59 |00:09:26,760 ~-~-> 00:09:35,850 |any indicators, no trend lines and moving averages and oscillators none of that stuff. Okay, just using purely price action only. It's all that's necessary. But
61 +|60 |00:09:35,850 ~-~-> 00:09:44,340 |when we're bullish on price action, we think higher prices are in order. Let's say we come to that conclusion right away, if we're bullish, and institutional
62 +|61 |00:09:44,340 ~-~-> 00:09:52,620 |mindset is running liquidity on the previous day or previous days prior to yesterday's high,
63 +|62 |00:09:53,039 ~-~-> 00:10:05,129 |okay. And the reason why is there's a lot of speculation about catching catching highs in the more Good place. Okay. And especially if we have a day that saw a
64 +|63 |00:10:05,129 ~-~-> 00:10:16,079 |retracement the day before or two days ago, lower, that means there's going to be built in positions that are short. Okay, folks that have tried to sell short
65 +|64 |00:10:16,079 ~-~-> 00:10:24,299 |on the marketplace. They're going to want to know how to capitalize on movement lower. Where's your buy stock going to be? above the most recent high? What's
66 +|65 |00:10:24,299 ~-~-> 00:10:34,169 |the most recent high yesterday or the day before? Now, why am I having you look back two days ago and include today's range, because every swing high on a daily
67 +|66 |00:10:34,169 ~-~-> 00:10:43,559 |chart, and every swing low, is comprised and created by three individual bars, you have to be monitoring these daily highs and lows, because you want to be
68 +|67 |00:10:43,559 ~-~-> 00:10:50,699 |able to forecast eventually, as I teach you involving three swing highs and swing lows before they actually materialize and start breaking down because
69 +|68 |00:10:50,699 ~-~-> 00:10:57,689 |sometimes the markets will turn on a dime. And they don't give you the setup that I'm going to outline in this volume one. But this is the bread and butter
70 +|69 |00:10:57,689 ~-~-> 00:11:06,329 |easy way approach is not going to give you a setup every single trading day. And that's exactly what I want you to avoid trying to trade every single day. Now,
71 +|70 |00:11:06,359 ~-~-> 00:11:14,429 |there's a reason to trade a demo account every day to practice the setups. But do not try to force your Live account into a condition where it must trade every
72 +|71 |00:11:14,429 ~-~-> 00:11:24,839 |single day. Day Trading is not everyday trading. So I want you to take a look at when price has moved higher every previous day. It's high, it's been violated.
73 +|72 |00:11:25,319 ~-~-> 00:11:38,519 |Okay. Generally, folks won't pay attention to that simple phenomenon. It's a very simple approach. But it eluded me the first six years of my trading. I
74 +|73 |00:11:38,519 ~-~-> 00:11:50,309 |didn't see this element to trading until about six years into my bond trading. Now I started as a treasury bond trader, and s&p futures trader, those were my
75 +|74 |00:11:50,309 ~-~-> 00:12:00,299 |two markets of choice, either I was in spoos, which is s&p or I was trading the Treasury market or bonds. I was rarely ever in both because they are basically
76 +|75 |00:12:00,449 ~-~-> 00:12:09,299 |diametrically opposed. Think of it like the dollar index and a foreign currency. Okay. I didn't do anything else. I didn't trade agriculture's anymore, I just
77 +|76 |00:12:09,299 ~-~-> 00:12:20,189 |focused on those two pairs, or dojo not to not pairs, but I focused on those two markets. Why? Because I didn't need anything else. If you are watching multiple
78 +|77 |00:12:20,189 ~-~-> 00:12:29,489 |pairs right now, stop, just do it for one month, humor me for one month, I promise you, if you give me one month of your time and focusing on one currency
79 +|78 |00:12:29,489 ~-~-> 00:12:38,159 |pair, and it doesn't have to be one that I suggest pick one, any one of the majors has crossed with $1, I promise you, you will learn you'll learn more by
80 +|79 |00:12:38,159 ~-~-> 00:12:45,959 |doing that then trying to do all these other things with other different pairs. If you're trading multiple assets, and you're now starting to learn forex, stop
81 +|80 |00:12:45,959 ~-~-> 00:12:53,819 |trading other asset classes and just focus one month with me use the information I gave you. And again, I guarantee you, you will understand price far better
82 +|81 |00:12:53,819 ~-~-> 00:13:03,749 |than you ever had before. And it's gonna be very simple approaches. So you got me want to guarantee there. So now if we're bullish, what we want to be thinking
83 +|82 |00:13:03,749 ~-~-> 00:13:13,289 |about is where price is going to be drawn to, okay, that's called the draw. Now, when we look for where the markets going to reach for in terms of bullishness,
84 +|83 |00:13:13,319 ~-~-> 00:13:23,549 |it's the previous day's high or an old high, that's going to be in the form of buy side liquidity or buy stops. So the market will draw up to that level, okay,
85 +|84 |00:13:23,579 ~-~-> 00:13:31,529 |and dip into that liquidity pool, where there's existing buy stops. For instance, if you were selling short, your buys that would be above the current
86 +|85 |00:13:31,529 ~-~-> 00:13:41,639 |market price, at what level whatever the previous high was. That's what the books tell you, right. So if your stock gets hit, what that becomes is a market
87 +|86 |00:13:41,639 ~-~-> 00:13:54,149 |order to send a buy order right away in as a market order. So your buy stop transforms into a market order to buy at the market, and the market is going to
88 +|87 |00:13:54,149 ~-~-> 00:13:59,159 |be driven up there. From an algorithmic standpoint. I'm not going to get into that here.
89 +|88 |00:13:59,549 ~-~-> 00:14:08,069 |And I'm not trying to convince you of it, just just suspend your disbelief, if you don't believe it's algorithmic in terms of how the markets move. Think of it
90 +|89 |00:14:08,399 ~-~-> 00:14:19,079 |as just you know, supply and demand if it helps you right now. Okay. But when price goes above an old high, it's going there to force buyers to come in at a
91 +|90 |00:14:19,079 ~-~-> 00:14:27,389 |higher price instead of buying low. Okay, they're forcing buyers to buy at a higher price. So smart money has at some point accumulated a position at a lower
92 +|91 |00:14:27,389 ~-~-> 00:14:37,409 |price. And they're driving price up to formulate an opportunity or condition for participants that have existing orders or real interest at buying at a higher
93 +|92 |00:14:37,409 ~-~-> 00:14:48,209 |level to be forced into or out of positions. Okay. And that's all it's all basically framed on. Now, I'm framing this whole discussion tonight on the basis
94 +|93 |00:14:48,239 ~-~-> 00:15:00,389 |of looking for by side liquidity or by stocks or running out by side liquidity pools. Okay. So when we're bullish from an institutional stance, point, what
95 +|94 |00:15:00,389 ~-~-> 00:15:09,839 |we're looking for is the draw. The draw is above where market pricing is now, in the form of old highs. Now we're using for scalping, we're using previous day's
96 +|95 |00:15:09,839 ~-~-> 00:15:21,989 |high for a very simple little day trading approach to capture 10 to 30 pips inside of one trading day. Now, every pair out there does this several times a
97 +|96 |00:15:21,989 ~-~-> 00:15:31,019 |week, not every day does one singular pair create this condition. So it's important to have that in your notes, do not anticipate this forming every
98 +|97 |00:15:31,019 ~-~-> 00:15:39,749 |single trading day in say, for instance, the Euro dollar, okay? If you don't see a setup in the euro dollar, then once you understand the setup, okay, then you
99 +|98 |00:15:39,749 ~-~-> 00:15:49,469 |can go into other pairs, like pick four majors, okay, maybe a cross. And that's like your little basket of currencies. And you go through that, I'm not inviting
100 +|99 |00:15:49,469 ~-~-> 00:15:59,039 |you to go through 28 pairs, okay, don't do that. But you can find a setup that I'm going to teach you tonight, every single trading day to practice on if you
101 +|100 |00:15:59,069 ~-~-> 00:16:07,379 |have learned what's going to be presented to you in the first, well, the first, second and third volume completed. Once you understand that and you've practiced
102 +|101 |00:16:07,379 ~-~-> 00:16:17,189 |for at least a month, then you have my permission to go into including four majors and across and then start looking like that. And you'll see that there's
103 +|102 |00:16:17,189 ~-~-> 00:16:26,609 |a setup every single trading day. But it's not my invitation or my goal to inspire you to try to trade every single day, don't do that. My hope is that you
104 +|103 |00:16:26,609 ~-~-> 00:16:33,899 |learn to find one or two trades like this per week, and then force yourself to be disciplined to not trade anymore. Because every time you trade, you're
105 +|104 |00:16:33,899 ~-~-> 00:16:40,529 |opening the invitation to lose money. And the closer you get to Friday's close with a losing position, it's just gonna make your misery make you miserable over
106 +|105 |00:16:40,529 ~-~-> 00:16:47,009 |the weekend. And it's nothing worse than having made money in the beginning a week or sometime during the weekend and going one more time and lose it going
107 +|106 |00:16:47,009 ~-~-> 00:16:55,289 |into the weekend. It's frustrating. I've done it many, many times over the last two decades. You don't want to do that it's avoidable once you make money in
108 +|107 |00:16:55,289 ~-~-> 00:17:03,089 |your demo account. Okay. I'm not promising you live funds like Kickers, I'm not licensed to do that. But I'm teaching you how to practice in a demo account.
109 +|108 |00:17:03,269 ~-~-> 00:17:12,419 |That's all I'm doing here. If you use this information on a Live account, it's on you win or lose 100% of the responsibility is on you. Okay, so in this hourly
110 +|109 |00:17:12,419 ~-~-> 00:17:22,889 |chart, we are looking at two timeframes the daily, which gives us a bias that's all indicate. And the hourly, which sets up where the markets going to most
111 +|110 |00:17:22,889 ~-~-> 00:17:31,259 |likely reach for for the draw. Okay, that's where the liquidity pool is. So for bullish again, we're looking for an old high to run to that's it. Very simple
112 +|111 |00:17:31,259 ~-~-> 00:17:39,359 |strategy, nothing more than that. Okay, so now we're looking at a daily chart. And I want you to look at the patterns I have here, because it's going to be
113 +|112 |00:17:39,359 ~-~-> 00:17:47,219 |very important understand what these are, because it's going to give us the context to define when the market should be bullish. And when it should be
114 +|113 |00:17:47,219 ~-~-> 00:17:56,609 |bearish. Over here in the left hand corner, this is a swing low. And this is a crude depiction, I didn't add any color because I just want you to think about
115 +|114 |00:17:56,609 ~-~-> 00:18:05,039 |the overall pattern itself. Now, any one of these three candles can be up or down close in nature. And other words, it can be a bullish candle or bearish
116 +|115 |00:18:05,039 ~-~-> 00:18:17,249 |candle, all three of these It does not matter. Okay? All we're looking for is the generic formation of these three candles. Okay, one having the lowest, low
117 +|116 |00:18:17,489 ~-~-> 00:18:26,099 |and a higher low to the left and a higher load to the right, it's only three candles, the three bars needed to find this pattern. Okay? If you look at Mt
118 +|117 |00:18:26,099 ~-~-> 00:18:35,339 |four, there's a little indicator you can click on. It's called a fractal. And I really wish they would have never named that. And it's a Bill Williams thing.
119 +|118 |00:18:35,339 ~-~-> 00:18:43,709 |I'm not a fan of Bill Williams material. And I'm not trying to be disrespectful. But what I'm teaching you is what I learned from my mentor, Larry Williams, I
120 +|119 |00:18:43,709 ~-~-> 00:18:52,349 |think he's proven himself, he's made millions of dollars. And it's documented, you know, he's took 10,000 to over $1 million in 12 months. And we can see that
121 +|120 |00:18:52,349 ~-~-> 00:18:57,449 |on a Robbins trading contest website, you can see he's no one's even come close to his
122 +|121 |00:18:57,570 ~-~-> 00:19:07,950 |his record. But his approach to teaching market structure starts with this simple concept of a swing high and swing low. So when we see a swing low, it's
123 +|122 |00:19:07,950 ~-~-> 00:19:18,690 |three bars or three candles. Okay? Once that forms, what we, in the old days would call that would be a ring low. Okay, because we didn't have charts, we had
124 +|123 |00:19:18,690 ~-~-> 00:19:27,570 |to really just write that down on a notebook and the lowest of the three candles or the lowest in recent week or the month, we would we would put a circle around
125 +|124 |00:19:27,570 ~-~-> 00:19:36,840 |that that number, okay, on our little binder. And that's the way it was, it was it was like that in the old days. So we would know that that was an important
126 +|125 |00:19:36,840 ~-~-> 00:19:45,090 |Well, why because it had a higher load to the right of it in the higher load to the left of it. Okay. So when we see this formation on the daily chart, okay,
127 +|126 |00:19:45,090 ~-~-> 00:19:57,690 |what we're looking for is this to occur after this is important. You need to anticipate this forming after a swing high has been broken. Now probably just
128 +|127 |00:19:57,690 ~-~-> 00:20:08,520 |took a huge leap forward and I'm probably lost To use, I mean, say it again, we are only really interested in looking for daily swing lows after a swing high,
129 +|128 |00:20:08,520 ~-~-> 00:20:18,090 |which is a high that has two lower highs on either side of it, okay. In other words, we've got one daily candle or bar with yesterday or the previous day's
130 +|129 |00:20:18,510 ~-~-> 00:20:28,110 |high being lower than today's and tomorrow's day shouldn't have a lower high. Okay, so notes, this is what we're seeing a three bar pattern, you wait for this
131 +|130 |00:20:28,110 ~-~-> 00:20:39,690 |to occur in the price action. And if price trades through the swing high, you're now on bullish alert, you wait for the swing low the form, what you have done is
132 +|131 |00:20:39,690 ~-~-> 00:20:48,450 |you've waited for institutions to get back in line with the momentum on a short term basis. And the algorithm once it creates that swing low, again, after the
133 +|132 |00:20:48,450 ~-~-> 00:20:57,060 |swing highs been broken, momentum is now bullish, and you're waiting for this short term pattern here. When that happens, your focus is going to go
134 +|133 |00:20:57,060 ~-~-> 00:21:07,740 |immediately to the high of this number three candle. And I mean, no, I mean, I mean number of these candles so that way we can track it and know what we're
135 +|134 |00:21:07,740 ~-~-> 00:21:17,460 |looking at. So this is where directional bias. These candles now have numbers on them. And it's always moving left to right. Number one, candle number two candle
136 +|135 |00:21:17,460 ~-~-> 00:21:29,400 |number three candle. What we're dealing is we're watching once the daily swing low forms, we want to see the high be traded through one day number four. Okay,
137 +|136 |00:21:29,430 ~-~-> 00:21:42,240 |once day number four does that, we know that they number five, we can be looking for a run on previous day's high liquidity, you can be aggressive. Once this
138 +|137 |00:21:42,270 ~-~-> 00:21:53,100 |formation occurs if we open below number three's high, say on door in London or New York if we're below that low, and we have a condition that presents an
139 +|138 |00:21:53,100 ~-~-> 00:22:02,670 |optimal trade entry, you can go long and look for a run on number three is high for run on liquidity above number three's buy stops. That's a little aggressive.
140 +|139 |00:22:02,670 ~-~-> 00:22:11,730 |And I'll give you rules to do that in volume number three. But tonight, I want to keep it very simple and very, very elementary. So as a recap, what we want to
141 +|140 |00:22:11,730 ~-~-> 00:22:23,040 |do is we want to see a swing high, this formation form. And we see that here. Okay, we see a swing high as a lower high to the left of it a lower high to the
142 +|141 |00:22:23,040 ~-~-> 00:22:33,270 |right of it. And we want to see it trade through the high. It does it here, right here on this large wick candle. When that happens, we start looking for
143 +|142 |00:22:33,270 ~-~-> 00:22:42,990 |this formation on daily chart. It happens right here. Okay, we have a long wick candle has a higher low to the left of it higher low to the right of it. In the
144 +|143 |00:22:42,990 ~-~-> 00:22:54,120 |very next day, we want to be looking for runs on previous day's highs for a resistance of previous day's high, it's going to give them in the retail world,
145 +|144 |00:22:54,480 ~-~-> 00:23:06,510 |the false sense of security that the previous day's highs going to stop price and it's not going to. So we can see how markets that have this condition have a
146 +|145 |00:23:06,510 ~-~-> 00:23:15,840 |tendency to continuously move higher each day. Look at how the previous day's high is violated to some degree. Okay, and then when we get these inside days,
147 +|146 |00:23:15,840 ~-~-> 00:23:23,700 |and I'll talk about that in Volume Two inside these are going to be important, but not so important for the for the first volume, I just want to understand the
148 +|147 |00:23:23,730 ~-~-> 00:23:34,140 |basic premise or how we get to directional bias and why the swing highs and swing lows are important. So each previous day's high is taken to some degree,
149 +|148 |00:23:34,410 ~-~-> 00:23:43,530 |every day has a varying amount of pips and again, I'm not trying to promote the idea of knowing exactly how many pips you know, next week's gonna have or three
150 +|149 |00:23:43,530 ~-~-> 00:23:51,840 |days from now, it's not important there there'll be tools and things that you learn in volume three to help you get to that. But for now, just be content with
151 +|150 |00:23:51,840 ~-~-> 00:23:56,280 |learning the general rules of how to determine whether the market is bullish or bearish.
152 +|151 |00:23:57,150 ~-~-> 00:24:08,970 |If you do this, okay, this is not mentorship level bias, but it is a real quick down and dirty approach. And this is actually how I learned it the first time in
153 +|152 |00:24:08,970 ~-~-> 00:24:16,980 |terms of finding basically daily momentum it's all it is and it doesn't require you to have any kind of momentum indicator to do it. No moving average and all
154 +|153 |00:24:16,980 ~-~-> 00:24:25,800 |that stuff. Okay, you can read it just from price. So again, simple rules are we want to see a swing high broken to the upside, okay and we see it here, but this
155 +|154 |00:24:25,800 ~-~-> 00:24:36,450 |swing high. So now we have momentum on the bullishness pulls back, wait for a swing low to form. That's this pattern here. And then we start watching number
156 +|155 |00:24:36,450 ~-~-> 00:24:47,670 |three is high. Okay, we want to see number three is high be violated. In this case here. We see it violate right there with this kind of like a indecisive
157 +|156 |00:24:47,670 ~-~-> 00:24:58,020 |candle. And then the very next day, we see what it opens a trades down and then blasts off through the previous day's high. Now when you have that type of move,
158 +|157 |00:24:58,380 ~-~-> 00:25:05,640 |it can happen the following day. It does, it opens, okay, and trades above the high a little bit that in itself is a scalp. There's nothing wrong with that
159 +|158 |00:25:05,640 ~-~-> 00:25:16,230 |little bit of a move. But I want you to focus on finding one good setup. So if we have a move like this, chances are I would probably look at another pair only
160 +|159 |00:25:16,230 ~-~-> 00:25:24,930 |because I understand the conditions and I noticed set up. So it may have burned itself out on one pair, especially if it's a big move. If it's just a marginal
161 +|160 |00:25:24,960 ~-~-> 00:25:33,420 |move, then it'll probably seek follow through on the next day, maybe the next day after that. So we have it again here, where it opens, okay, trades down a
162 +|161 |00:25:33,420 ~-~-> 00:25:41,610 |little bit and goes higher, running out the previous day's high again, and again, that's a trade that's all is it's a scalp, we are not trying to get the
163 +|162 |00:25:41,730 ~-~-> 00:25:48,900 |weekly low with this, we're not trying to get the daily low and holding to the close, all we're doing is looking for an opportunity to run out a previous day's
164 +|163 |00:25:48,900 ~-~-> 00:25:58,860 |high or high from two days ago. That's the context. That's the premise behind the system. That's the method. Okay. Why does this work? And I'm sure you're
165 +|164 |00:25:58,860 ~-~-> 00:26:10,830 |probably asking yourself, why is this? Why does this have any validity to it? When bank level traders are working, they are trying to turn over liquidity.
166 +|165 |00:26:11,130 ~-~-> 00:26:22,320 |Okay. And what I just taught you is the draw, okay to draw is previous highs and previous lows, referencing daily highs and lows, banks target those liquidity
167 +|166 |00:26:22,320 ~-~-> 00:26:33,270 |pools more than anything else. In forex. Don't take my word for it, go through your charts. And you'll see that's exactly what goes on when you have things
168 +|167 |00:26:33,300 ~-~-> 00:26:44,490 |that are bearish. Okay, we're gonna flip the script for a minute, we want to see price trade below a swing low. Once that occurs, then we start waiting for a
169 +|168 |00:26:44,490 ~-~-> 00:26:53,910 |swing high to form. Why are we doing that, because we're waiting for a retracement is going to go to an overbought condition. We all need indicators to
170 +|169 |00:26:53,910 ~-~-> 00:27:03,510 |do that. Or derive that information. When we have this short term high here, or swing high form, we start watching the daily candle number three, and we want to
171 +|170 |00:27:03,510 ~-~-> 00:27:12,000 |see trade through that low. If it does, we know that we are in bear territory, and we're probably going to see each previous day's low be violated. And that's
172 +|171 |00:27:12,000 ~-~-> 00:27:24,330 |the setup that's conditioned. And that's it seen here. Okay, we see a swing low broken here. And then we wait for a swing high to form that's here, we have a
173 +|172 |00:27:24,330 ~-~-> 00:27:32,190 |high with a lower high to the left of it a lower high to the right of it, we wait for this number three candles low to be taken out. It does it here. So now
174 +|173 |00:27:32,190 ~-~-> 00:27:42,870 |what we do is we target a run on this candles low, it opens trades up creates the high day and slams them. Okay, that's it. That's the setup. It doesn't have
175 +|174 |00:27:42,870 ~-~-> 00:27:50,160 |a whole lot of sexiness to it. But I'm telling you right now, it's got a whole lot of consistency to it. And a lot of you probably don't have any consistency
176 +|175 |00:27:50,160 ~-~-> 00:27:59,160 |whatsoever, what you're looking for. And this is a very easy bread and butter approach. Now again, I am not trying to package this in a everyday approach for
177 +|176 |00:27:59,160 ~-~-> 00:28:11,970 |one individual pair. This works in stocks, it works in futures, it works in bonds, works in just about anything that can trade. So when we have this
178 +|177 |00:28:12,480 ~-~-> 00:28:24,690 |momentum on a daily chart, and we know we're either bullish or bearish, it stays that way until we get a break in opposing market momentum. I'll give an example
179 +|178 |00:28:24,690 ~-~-> 00:28:35,070 |what that would look like. Here, we have a swing low form and then price comes down and breaks that swing low that upsets the momentum at this point, we have
180 +|179 |00:28:35,070 ~-~-> 00:28:35,820 |to see
181 +|180 |00:28:36,060 ~-~-> 00:28:46,050 |a short term high be broken. Okay, short term high has to be broken. And then we have a here we have a high with a lower high and a lower high to the right of
182 +|181 |00:28:46,050 ~-~-> 00:28:57,210 |it. It's broken to the upside here. So when we have that now we go back in the cycle of looking for a swing low. The swing low forms here. We have a candle to
183 +|182 |00:28:57,210 ~-~-> 00:29:05,970 |the left of it that's higher low, the low in the middle and the next candle is up. So we want to see price trade through number three candles high. It does in
184 +|183 |00:29:05,970 ~-~-> 00:29:14,790 |fact do it here and we trade through the next day running the previous day's high and it continues that cycle again. Okay, so all we're doing is monitoring a
185 +|184 |00:29:14,790 ~-~-> 00:29:27,030 |break in the swing highs and swing lows, giving us a bias on a daily chart. Why am I looking for it on a daily chart because momentum that begins on the daily
186 +|185 |00:29:27,030 ~-~-> 00:29:38,850 |chart tends to occur and be lasting for at least a few days. It can be two to five days in duration. So if we have momentum working one side higher or lower,
187 +|186 |00:29:39,150 ~-~-> 00:29:47,790 |it tends to stay in that direction for a period of a few days. And that's all you need to have a really good scenario for short term trading intraday scalps.
188 +|187 |00:29:50,970 ~-~-> 00:30:02,640 |So again, in summary, when we're looking for the swing low, this is only being stocked or looked for in price action. Until we see a short term swing high
189 +|188 |00:30:02,640 ~-~-> 00:30:11,370 |being broken. When that happens, then we start looking for this pattern. Okay? for daily swing highs, this only is being hunted or stocked in price action
190 +|189 |00:30:11,400 ~-~-> 00:30:20,550 |after a swing low has been broken. That gives us a break in market structure, but it's basically giving us a definition of an after afterwards, it's gonna be
191 +|190 |00:30:20,550 ~-~-> 00:30:28,350 |a retracement. And when we see that retracement occur with a swing high, we know that we can start looking for cells running out previous day's lows. When we see
192 +|191 |00:30:28,350 ~-~-> 00:30:38,010 |the swing high broken, and we find a swing low form later on, we know we can look for candle number three's highs to be rated and look for the by staffs to
193 +|192 |00:30:38,010 ~-~-> 00:30:46,200 |be ran out for intraday scalp. That's very, very simple approach is very easy. And if you're not understanding it, just watch this video again, I promise you,
194 +|193 |00:30:46,200 ~-~-> 00:30:55,680 |you're probably over complicating it, it's not necessary. So I'm going to focus our attention on this little segment of price action here in the shaded area.
195 +|194 |00:30:56,040 ~-~-> 00:31:04,170 |And we're actually going to walk through on an hourly chart and look at the framework of each one of these respective days and how it targets liquidity runs
196 +|195 |00:31:04,200 ~-~-> 00:31:14,580 |on previous day's highs. Okay, folks, we're looking at the hourly chart at the beginning of that shaded area to show it on a daily chart for us CAD. And I want
197 +|196 |00:31:14,580 ~-~-> 00:31:27,720 |you to just see these lines down here. Okay, these are just delineating the ICT kill zone. And the red area is delineating specifically aiming at around two
198 +|197 |00:31:27,720 ~-~-> 00:31:36,810 |o'clock in the morning to four o'clock in the morning. New York time everything I say in terms of time, you're going to have to translate that into your local
199 +|198 |00:31:36,810 ~-~-> 00:31:47,610 |time relative to New York time. Okay, so if I say, two o'clock in the morning, New York time, wherever you're at globally, this get your self o'clock set to
200 +|199 |00:31:47,610 ~-~-> 00:31:55,410 |New York time. And then look at that time in reference to your local time, and you'll be able to decipher what it is you have to do and make the adjustments. I
201 +|200 |00:31:55,410 ~-~-> 00:32:03,510 |do not want to get into conversation about time because it's very confusing for me, admittedly, I've done this many times in the past and erroneously said
202 +|201 |00:32:03,510 ~-~-> 00:32:13,620 |something and confused a reader or viewer. So it's better for you to just do the work in transferring and converting your local time into New York time. Okay, so
203 +|202 |00:32:13,620 ~-~-> 00:32:22,830 |in London is basically two o'clock to four o'clock in the morning. That's the sweet spot or the best time to anticipate a higher load form. And the New York
204 +|203 |00:32:23,190 ~-~-> 00:32:31,560 |is going to be seven o'clock in the morning to 10 o'clock in the morning, we'll just give you a nice little window like that. It can be defined as defined in my
205 +|204 |00:32:31,560 ~-~-> 00:32:41,850 |tutorials, but for now, just for the sake of this method does use those times. Alright, so we have our beginning of our shaded area when we're looking for
206 +|205 |00:32:41,880 ~-~-> 00:32:55,290 |bullishness as defined in the first part of this presentation, and I want you to look at how price moves running out previous day's highs. Okay, and here's the
207 +|206 |00:32:55,290 ~-~-> 00:33:06,270 |previous day's high right here. And I'm going to try to do this as quick as I possibly can. And keep things moving along. But the,
208 +|207 |00:33:08,130 ~-~-> 00:33:18,000 |the high on this particular day here, you can see on the start of this candle here, it starts immediately runs through a little bit doesn't go by much. But
209 +|208 |00:33:18,000 ~-~-> 00:33:26,580 |then it eventually trades through it here. That in itself, this little move here, that's actually a trade. It doesn't seem like much it doesn't feel like
210 +|209 |00:33:26,580 ~-~-> 00:33:32,850 |much. But that's a trade. And you're probably because your eyes looking at it the benefit of hindsight, you're going to look at this high in this move down
211 +|210 |00:33:32,850 ~-~-> 00:33:39,810 |and say well, that's what I really want to capture. If you're going to think like that, about everything I'm going to show you in this tutorials. I'm not
212 +|211 |00:33:39,810 ~-~-> 00:33:47,970 |gonna be any help to you. Okay, because what you're gonna be doing is trying to have perfection and I can't promise and I don't promise perfection at all I do
213 +|212 |00:33:47,970 ~-~-> 00:33:57,840 |provide you resources, that's going to help you get better at your price action analysis. And that's the only thing I promise. Okay. So we have a low here and
214 +|213 |00:33:57,840 ~-~-> 00:34:07,170 |on daily high and the expectation is we want to see the high be ran out. We want to see the the expectation of moving through this high. Why? Because there's
215 +|214 |00:34:07,170 ~-~-> 00:34:15,930 |going to be liquidity above the high why I'm not going into here, just trust me. The banks make runs on previous day's highs and lows and if it's bullish,
216 +|215 |00:34:15,960 ~-~-> 00:34:27,600 |they're going to be targeting previous day's highs. Okay, so the way we frame our setups is we use our fed Okay, and we find the lowest bodied portion of the
217 +|216 |00:34:27,600 ~-~-> 00:34:39,030 |candle that's going to be this open here and we drag that up to here Okay, why he just jumped off the level I wanted to have it on sorry.
218 +|217 |00:34:44,249 ~-~-> 00:34:51,179 |I want to own this candle right here because it's going to be the highest body before this little retracement. Okay. And at this point we're going to be
219 +|218 |00:34:51,179 ~-~-> 00:34:59,819 |anticipating because it only this briefly violated the previous day's high. We want to see a retracement our mind is waiting for it to trade lower. Okay. Once
220 +|219 |00:34:59,819 ~-~-> 00:35:06,029 |it takes Lower, we're gonna be looking forward to go down into the optimal trade entry. Okay, that's our price pattern, it doesn't do it until afterwards little
221 +|220 |00:35:06,029 ~-~-> 00:35:12,839 |movement up. Now on a smaller time frame, we could probably see something in here that's an optimal trade entry but I'm gonna say that for volume too, but in
222 +|221 |00:35:12,839 ~-~-> 00:35:21,929 |here I'm giving you the big setups for your scalp setup. Okay, so using the hourly chart, you're gonna see it here and we're gonna be targeting previous
223 +|222 |00:35:21,929 ~-~-> 00:35:31,859 |day's high now, on this day when it trades down to the here, we could be targeting or run back to previous day's high. And now what have we included? We
224 +|223 |00:35:31,859 ~-~-> 00:35:41,909 |have a higher high here in the same day so intraday, we have a higher high and we have previous day's high. Both of these conditions are candidates for run on
225 +|224 |00:35:41,909 ~-~-> 00:35:54,209 |liquidity. Okay, so we have this one and we have this one. So as price trades down here, we want anticipate a movement higher to run to this level, which it
226 +|225 |00:35:54,209 ~-~-> 00:36:04,199 |does here and eventually back to this hot here, which it doesn't do until this candle here. Notice that price trades down in the bodies of the candles respect
227 +|226 |00:36:04,529 ~-~-> 00:36:17,009 |to 79% tradesmen level Okay, price rallies back up to this high This is why I say you want to take profit, okay. At old highs and your first scaling here.
228 +|227 |00:36:17,759 ~-~-> 00:36:27,119 |This is target one you can take profit there and notice it never takes the high out yet has to retrace all the way back down to precisely the seventh. Again,
229 +|228 |00:36:27,479 ~-~-> 00:36:40,139 |then rallies through taking out intraday high, previous day's high. And again two days ago. Okay. This is your run on previous day's high liquidity. Now this
230 +|229 |00:36:40,139 ~-~-> 00:36:54,779 |candle on a daily basis. It's high is here. same scenario in here. It rallies up takes out that high, which again, we're going to have to see that on a lower
231 +|230 |00:36:54,779 ~-~-> 00:37:06,809 |timeframe. We're not going to do it in this volume. But as it runs through we want to see a retracement. Okay, we have the bodies of this run here. Why am I
232 +|231 |00:37:06,809 ~-~-> 00:37:19,529 |using this one? Because it's the most dynamic and recent rally. And we want to use it on the highest body open or close. Which is here. Price trades down into
233 +|232 |00:37:19,709 ~-~-> 00:37:29,579 |the 62% retracement level right in here. Where are we targeting previous day's high, which is here. And also now we have an intraday high here. So we have two
234 +|233 |00:37:29,579 ~-~-> 00:37:39,899 |reference points to look for. to anticipate the banks making a run on both of those levels. Initially, it's this one, okay. So on the next day, it trades back
235 +|234 |00:37:39,899 ~-~-> 00:37:51,539 |down again, giving you another opportunity to go long. If you were trading here, you're outside of a kill zone. Okay, I want you to notice that every time that
236 +|235 |00:37:51,539 ~-~-> 00:38:01,079 |we create signal and set up, if it overlaps with one of these colored levels, okay, or lines, that makes it high probability. If it's outside of one of those
237 +|236 |00:38:01,319 ~-~-> 00:38:12,869 |shaded time windows, it's less favorable, it doesn't mean it can't eventually move to profitability. In your demo, it just means that it's far more likely to
238 +|237 |00:38:12,869 ~-~-> 00:38:25,649 |occur if it's occurring during one of the shaded time windows. Okay. So, again, the blue one here is the New York kill zone and the red one is London. So we
239 +|238 |00:38:25,649 ~-~-> 00:38:35,129 |have a set up here, it trades back down into optimal trade entry here. And it does so at the time of New York. Okay, so New York and London both have an
240 +|239 |00:38:35,129 ~-~-> 00:38:43,799 |opportunity to create a buying opportunity. London will give it to you that you probably got stopped out. same scenario unfolds for New York, New York explodes
241 +|240 |00:38:44,339 ~-~-> 00:38:54,149 |runs through previous day's highs of two days before and previous day's high here runs right through it. That's the trade It's over. It's done. There's
242 +|241 |00:38:54,149 ~-~-> 00:39:03,089 |nothing else to consider. There's nothing else to worry about. The trade is over. Okay, so now in here, we've had a couple of examples, nice little payouts,
243 +|242 |00:39:03,119 ~-~-> 00:39:13,319 |not barn burners, not Grand Slams, but bread and butter setups. Nice using one pair in the course of sight inside of a week. We have nice little setups. And
244 +|243 |00:39:13,319 ~-~-> 00:39:21,929 |it's given us a really good opportunity to target a logical level which is a previous day's high. And under the context of a retracement to a logical level
245 +|244 |00:39:21,929 ~-~-> 00:39:35,219 |which is the Fed using a framework of bodies, bodies in terms of the swing highs and swing lows. And also as a quick note, have this in your notepad easy way to
246 +|245 |00:39:35,219 ~-~-> 00:39:40,349 |go for what swing high and what swing low I draw my fib from I use session highs and session lows.
247 +|246 |00:39:40,499 ~-~-> 00:39:49,859 |So whatever the highest high and low was during London, and or New York, I use those reference points and then I just use the bodies either the open or close,
248 +|247 |00:39:49,979 ~-~-> 00:39:58,589 |whichever is the lowest for the low point of the fib and the high point is whatever the highest is the open or the close inside of the high. Okay. And
249 +|248 |00:39:58,619 ~-~-> 00:40:07,079 |that's all there is to it. each new day you're waiting for an opportunity for it to retrace back down into what would be otherwise standard optimal trade entry
250 +|249 |00:40:07,079 ~-~-> 00:40:17,939 |which is a 62% and 79% tracer level but targeting previous day's highs. Now notice once we hit this previous day's high here, the mark goes into some of our
251 +|250 |00:40:18,149 ~-~-> 00:40:29,279 |our consolidation. Now we do get a little bit of a run here, but not to the degree where we can really brag about our go to great lengths to justify it. We
252 +|251 |00:40:29,279 ~-~-> 00:40:38,759 |do have a nice retracement here. Okay, and I want you to take a look at that. Because when we have a retracement of a day or so that usually puts the cycle
253 +|252 |00:40:38,759 ~-~-> 00:40:50,039 |back in rotation. So we have a retracement here price comes back down to 70.5 level, which is the sweet spot t Okay, and it's happening at the time of New
254 +|253 |00:40:50,039 ~-~-> 00:40:59,279 |York. So that's a good scenario. We could see a buy there but look at it rolls over into the next day in London, it hits it again. So your stop would never
255 +|254 |00:40:59,279 ~-~-> 00:41:05,849 |have been hit but you're holding on for a long period of time. So this is where it's going to stretch your patience as a scalper which is the reason why I like
256 +|255 |00:41:05,849 ~-~-> 00:41:16,469 |being short term because I know these are the conditions is most likely going to happen. Hits 62% 360 2% retracement level rather. And once it hits that in
257 +|256 |00:41:16,469 ~-~-> 00:41:25,799 |London then explodes. What's it reaching for the previous day's high, it runs through that with no resistance whatsoever and blows through previous day's high
258 +|257 |00:41:25,799 ~-~-> 00:41:36,809 |back here. Okay, so really nice little opportunity there. And whenever you see a full day's down close, that's like a big red neon sign say start following me,
259 +|258 |00:41:36,839 ~-~-> 00:41:44,489 |especially if you're in a bullish scenario that markets primed to have an optimal trade entry long and start running out previous day's highs. Okay, on
260 +|259 |00:41:44,489 ~-~-> 00:41:57,869 |this one particular day here, price moves 3050, almost 70 pips or so. Okay, really, really quickly. And this is all mostly in inside of one our big
261 +|260 |00:41:57,869 ~-~-> 00:42:09,239 |explosive price move here. And that was seen on October 5. And this continues on going through price action. And when we have scenarios that present themselves
262 +|261 |00:42:09,239 ~-~-> 00:42:18,359 |with the highest form of probability, and not seeing any breakdown on a daily chart, it gives us framework context and specifics about what we're looking for
263 +|262 |00:42:18,389 ~-~-> 00:42:27,629 |when we're looking for Killzone. What price level optimal trade entry, what are we targeting previous day's highs or the day before it? So yesterday's high or
264 +|263 |00:42:27,839 ~-~-> 00:42:35,849 |the day before yesterday's high? That's what we're targeting when we're bullish. Very, very simple approach. Nothing more to it than that. I'll amplify it in
265 +|264 |00:42:35,849 ~-~-> 00:42:43,979 |Volume Two, and I'll wrap it up with concise, more or less a trading plan in volume three. Hopefully you found this insightful. Until next time, wish you
266 +|265 |00:42:43,979 ~-~-> 00:42:45,269 |good luck and good trading.
4 4  
5 -2
6 -00:00:18,720 ~-~-> 00:00:21,690
7 -probability scalping. Now, this is a video that's going to
8 -
9 -3
10 -00:00:21,690 ~-~-> 00:00:26,760
11 -be kept on my YouTube channel. And generally, anything
12 -
13 -4
14 -00:00:26,760 ~-~-> 00:00:30,570
15 -that's predominantly linked to just, my youtube channel will
16 -
17 -5
18 -00:00:30,570 ~-~-> 00:00:35,820
19 -have this intro. And I'm gonna ask you as the trading
20 -
21 -6
22 -00:00:35,820 ~-~-> 00:00:39,570
23 -community to help me out, a lot of times folks will take my
24 -
25 -7
26 -00:00:39,570 ~-~-> 00:00:43,890
27 -content and re upload it on their own YouTube channel. And
28 -
29 -8
30 -00:00:43,890 ~-~-> 00:00:47,340
31 -if you see that, just let me know. And I'd like to have that
32 -
33 -9
34 -00:00:47,340 ~-~-> 00:00:50,610
35 -taken down. I put the work into these presentations. So I'd
36 -
37 -10
38 -00:00:50,610 ~-~-> 00:00:55,500
39 -like to be able to get the credit and the benefit of ad
40 -
41 -11
42 -00:00:55,530 ~-~-> 00:00:59,700
43 -revenue off of it. So if you see it, let me know and
44 -
45 -12
46 -00:00:59,730 ~-~-> 00:01:01,740
47 -appreciate You don't have to be public about it, you can
48 -
49 -13
50 -00:01:01,740 ~-~-> 00:01:05,790
51 -send me an email at inner circle trader@gmail.com. I greatly
52 -
53 -14
54 -00:01:05,790 ~-~-> 00:01:14,280
55 -appreciate it. Thanks. Alright, so before we begin, I'm
56 -
57 -15
58 -00:01:14,280 ~-~-> 00:01:17,370
59 -going to ask you a question, what is high probability
60 -
61 -16
62 -00:01:17,370 ~-~-> 00:01:21,000
63 -scalps? Every one of us would have a different definition.
64 -
65 -17
66 -00:01:21,000 ~-~-> 00:01:26,610
67 -I'm certain of it. But for me as ICT it's 10 to 30 PIP price
68 -
69 -18
70 -00:01:26,610 ~-~-> 00:01:30,480
71 -swings. Now, I don't do a lot of this type of trading. It's
72 -
73 -19
74 -00:01:30,480 ~-~-> 00:01:33,570
75 -only recently because I've come back online and it gives me
76 -
77 -20
78 -00:01:33,570 ~-~-> 00:01:37,920
79 -an opportunity to give a lot of setups, a lot of results, a
80 -
81 -21
82 -00:01:37,920 ~-~-> 00:01:43,170
83 -lot of things to study. I guess it's, you know, probably one
84 -
85 -22
86 -00:01:43,170 ~-~-> 00:01:46,170
87 -of the easiest things to get people excited. And I know that
88 -
89 -23
90 -00:01:46,170 ~-~-> 00:01:49,350
91 -going in and that's the reason why I adopted this style of
92 -
93 -24
94 -00:01:49,740 ~-~-> 00:01:53,400
95 -showcasing our talents. But I don't want you to think this
96 -
97 -25
98 -00:01:53,400 ~-~-> 00:01:56,250
99 -is the only way you can trade the markets because it's not
100 -
101 -26
102 -00:01:56,280 ~-~-> 00:01:58,080
103 -there's certainly ways you can do a front end of day
104 -
105 -27
106 -00:01:58,080 ~-~-> 00:02:03,120
107 -standpoint. But I want you to To know that what I teach has
108 -
109 -28
110 -00:02:03,120 ~-~-> 00:02:08,100
111 -consistency, and also has the ability to prove right away
112 -
113 -29
114 -00:02:08,130 ~-~-> 00:02:11,430
115 -that the markets are not, in fact, random at all. They're
116 -
117 -30
118 -00:02:11,430 ~-~-> 00:02:14,820
119 -very, very organized. They're very specific about where
120 -
121 -31
122 -00:02:14,820 ~-~-> 00:02:17,670
123 -they're trying to get to intraday and even on a weekly
124 -
125 -32
126 -00:02:17,670 ~-~-> 00:02:21,600
127 -basis, and I would probably argue the point only even longer
128 -
129 -33
130 -00:02:21,600 ~-~-> 00:02:26,760
131 -term basis, but I just haven't made my precision that long
132 -
133 -34
134 -00:02:26,760 ~-~-> 00:02:29,550
135 -term yet. I don't think I ever will. Personally, it's not my
136 -
137 -35
138 -00:02:29,550 ~-~-> 00:02:32,400
139 -cup of tea, I like day trading and short term trading. One
140 -
141 -36
142 -00:02:32,400 ~-~-> 00:02:34,800
143 -shot one kills what I'm known for, which is trading the
144 -
145 -37
146 -00:02:34,800 ~-~-> 00:02:38,880
147 -weekly range. So daily highs and lows are my specialty and
148 -
149 -38
150 -00:02:38,910 ~-~-> 00:02:41,280
151 -weekly highs and lows are my specialty. So I tried to trade
152 -
153 -39
154 -00:02:41,280 ~-~-> 00:02:44,370
155 -inside those ranges. And I get the meat or hopefully the
156 -
157 -40
158 -00:02:44,370 ~-~-> 00:02:47,100
159 -meat of the move, not trying to get the very high or very
160 -
161 -41
162 -00:02:47,100 ~-~-> 00:02:50,070
163 -low, but I know where those parameters are. And as long as I
164 -
165 -42
166 -00:02:50,070 ~-~-> 00:02:52,770
167 -haven't met those extremes, I know I have opportunity or
168 -
169 -43
170 -00:02:52,770 ~-~-> 00:02:56,580
171 -life in the battery if you will. All right, so we're gonna
172 -
173 -44
174 -00:02:56,580 ~-~-> 00:02:59,700
175 -be focused on specific things in this presentation. It's not
176 -
177 -45
178 -00:02:59,700 ~-~-> 00:03:02,340
179 -gonna be very Long I want to keep them concise and short.
180 -
181 -46
182 -00:03:02,580 ~-~-> 00:03:04,830
183 -And again, it's three volumes. So if any questions come up
184 -
185 -47
186 -00:03:04,830 ~-~-> 00:03:08,370
187 -by why you're watching this, it's important every time you
188 -
189 -48
190 -00:03:08,370 ~-~-> 00:03:11,010
191 -watch any of my videos, have a notepad in hand, turn the
192 -
193 -49
194 -00:03:11,010 ~-~-> 00:03:14,130
195 -radio off, go into a quiet room, listen to what I'm saying,
196 -
197 -50
198 -00:03:14,130 ~-~-> 00:03:17,670
199 -because I'm packing 20 plus years of information and
200 -
201 -51
202 -00:03:17,730 ~-~-> 00:03:23,730
203 -experience in a very, very small bandwidth. So just write
204 -
205 -52
206 -00:03:23,730 ~-~-> 00:03:26,100
207 -down your questions, I'm quite certain that you're gonna be
208 -
209 -53
210 -00:03:26,100 ~-~-> 00:03:29,130
211 -able to find the answers to them in future presentations.
212 -
213 -54
214 -00:03:30,270 ~-~-> 00:03:32,820
215 -For this one, we'll be highlighting the many opportunities
216 -
217 -55
218 -00:03:32,850 ~-~-> 00:03:36,900
219 -in scalping the Forex I'm gonna be teaching you how to learn
220 -
221 -56
222 -00:03:36,900 ~-~-> 00:03:39,660
223 -directional bias for higher timeframe institutional
224 -
225 -57
226 -00:03:39,660 ~-~-> 00:03:41,640
227 -sponsorship, and I'll explain what that is when we get to
228 -
229 -58
230 -00:03:41,640 ~-~-> 00:03:45,480
231 -it. And how to determine the highest probable times of the
232 -
233 -59
234 -00:03:45,480 ~-~-> 00:03:49,230
235 -day trade. And we're gonna be learning how to frame high
236 -
237 -60
238 -00:03:49,230 ~-~-> 00:03:52,650
239 -probability setups for runs on liquidity. Sounds pretty
240 -
241 -61
242 -00:03:52,650 ~-~-> 00:04:00,450
243 -fancy, I know. Alright, so high probability scalping. is an
244 -
245 -62
246 -00:04:00,450 ~-~-> 00:04:03,810
247 -example of a high probability scalp and this is in the
248 -
249 -63
250 -00:04:03,840 ~-~-> 00:04:07,200
251 -dollar CAD. Now right away some of you are gonna be watching
252 -
253 -64
254 -00:04:07,200 ~-~-> 00:04:10,230
255 -this video months and years from the time actually presented
256 -
257 -65
258 -00:04:10,230 ~-~-> 00:04:16,440
259 -it. Trust me, I tweeted live and people watched this
260 -
261 -66
262 -00:04:16,440 ~-~-> 00:04:19,710
263 -actually be shown to them live okay this actually was a
264 -
265 -67
266 -00:04:19,950 ~-~-> 00:04:23,010
267 -weekly high at the time of this presentation but I was
268 -
269 -68
270 -00:04:23,040 ~-~-> 00:04:28,020
271 -calling them a weekly and daily Hi. Looking at this specific
272 -
273 -69
274 -00:04:28,020 ~-~-> 00:04:32,010
275 -range, everything that's in here is all that is necessary to
276 -
277 -70
278 -00:04:32,010 ~-~-> 00:04:37,050
279 -know how to do short term scalping intraday now, because
280 -
281 -71
282 -00:04:37,050 ~-~-> 00:04:40,710
283 -it's scalping, there's gonna be times when these setups
284 -
285 -72
286 -00:04:40,770 ~-~-> 00:04:45,000
287 -overlap with longer term conditions. Now I'm not teaching
288 -
289 -73
290 -00:04:45,000 ~-~-> 00:04:47,790
291 -one shot one kill here. I'm not teaching swing trading or
292 -
293 -74
294 -00:04:47,790 ~-~-> 00:04:51,870
295 -position trading, but I will drop that little nugget for you
296 -
297 -75
298 -00:04:51,870 ~-~-> 00:04:56,460
299 -to study. It's obviously found in my free tutorials. You can
300 -
301 -76
302 -00:04:56,460 ~-~-> 00:05:00,420
303 -find that on my website, the inner circle trader.com As a
304 -
305 -77
306 -00:05:00,420 ~-~-> 00:05:03,060
307 -free forum, you can join, join that. It's absolutely free to
308 -
309 -78
310 -00:05:03,060 ~-~-> 00:05:05,520
311 -get in there and you can watch all my free tutorials
312 -
313 -79
314 -00:05:05,520 ~-~-> 00:05:08,160
315 -that I'm releasing. And you'll also be able to see some
316 -
317 -80
318 -00:05:08,160 ~-~-> 00:05:13,560
319 -things I share in trading journal entry. So you know, you
320 -
321 -81
322 -00:05:13,560 ~-~-> 00:05:17,040
323 -can give me an opportunity to speak to you by way of how I
324 -
325 -82
326 -00:05:17,040 ~-~-> 00:05:19,860
327 -interpret and reflect on what has been seen in the
328 -
329 -83
330 -00:05:19,860 ~-~-> 00:05:22,890
331 -marketplace when I take action. Or if I take action, I lose,
332 -
333 -84
334 -00:05:22,890 ~-~-> 00:05:26,610
335 -you kind of get a vibe on what it is I've either felt or
336 -
337 -85
338 -00:05:26,760 ~-~-> 00:05:28,710
339 -what I was thinking during the day when I was looking at the
340 -
341 -86
342 -00:05:28,710 ~-~-> 00:05:33,180
343 -marketplace. But a short term scalp here is a very simple
344 -
345 -87
346 -00:05:33,180 ~-~-> 00:05:37,260
347 -approach to running out. previous day's highs are previous
348 -
349 -88
350 -00:05:37,260 ~-~-> 00:05:42,150
351 -day's lows. That's all it is. We're targeting by stops above
352 -
353 -89
354 -00:05:42,150 ~-~-> 00:05:46,740
355 -the previous day's high or a day or two ago, no words. We're
356 -
357 -90
358 -00:05:46,740 ~-~-> 00:05:49,170
359 -always gonna be looking back the last three days. Okay,
360 -
361 -91
362 -00:05:49,170 ~-~-> 00:05:51,690
363 -that's your is your range. Okay, you're gonna be looking
364 -
365 -92
366 -00:05:51,690 ~-~-> 00:05:54,480
367 -back at the highest high and lowest low in the last three
368 -
369 -93
370 -00:05:54,480 ~-~-> 00:05:58,560
371 -days. Now you're counting today as they want. So for
372 -
373 -94
374 -00:05:58,560 ~-~-> 00:06:01,080
375 -instance at the time of this recording The day of the week
376 -
377 -95
378 -00:06:01,080 ~-~-> 00:06:05,280
379 -is Thursday. So we will be looking at Wednesday's data and
380 -
381 -96
382 -00:06:05,280 ~-~-> 00:06:08,730
383 -Tuesday's data, very easy rules, right? So we know what the
384 -
385 -97
386 -00:06:08,730 ~-~-> 00:06:13,320
387 -daily high and the low is on Tuesday, and on Wednesday, and
388 -
389 -98
390 -00:06:13,320 ~-~-> 00:06:15,750
391 -we're monitoring what's going on intraday for today, that
392 -
393 -99
394 -00:06:15,750 ~-~-> 00:06:18,690
395 -would be Thursday at the time of this recording in November
396 -
397 -100
398 -00:06:18,690 ~-~-> 00:06:26,460
399 -2 2017. Now, what we're aiming for, is exactly how bank
400 -
401 -101
402 -00:06:26,460 ~-~-> 00:06:30,330
403 -traders trade. Now, I know a lot of folks on YouTube claim
404 -
405 -102
406 -00:06:30,330 ~-~-> 00:06:33,900
407 -to know certain things and they use a lot of buzzwords, but
408 -
409 -103
410 -00:06:33,900 ~-~-> 00:06:36,540
411 -I'm going to show you something that no one else teaches
412 -
413 -104
414 -00:06:36,540 ~-~-> 00:06:39,540
415 -because they don't know it. Okay, but I'm going to show you
416 -
417 -105
418 -00:06:39,570 ~-~-> 00:06:42,960
419 -in recent weeks, since I've been back on social media,
420 -
421 -106
422 -00:06:43,500 ~-~-> 00:06:46,950
423 -everyone's noticing a tone or difference in my presentation.
424 -
425 -107
426 -00:06:46,980 ~-~-> 00:06:50,040
427 -It's a lot more concise, a lot more accurate, a lot more
428 -
429 -108
430 -00:06:50,130 ~-~-> 00:06:53,910
431 -specific in nature. And that's because I've spent the last
432 -
433 -109
434 -00:06:54,210 ~-~-> 00:06:56,940
435 -14 months with people on a day by day basis and I've been
436 -
437 -110
438 -00:06:56,940 ~-~-> 00:07:00,000
439 -able to share with them they're really openly about what I
440 -
441 -111
442 -00:07:00,000 ~-~-> 00:07:04,440
443 -I've learned over the last 24 plus years, and it's not
444 -
445 -112
446 -00:07:04,440 ~-~-> 00:07:08,340
447 -retail, retail things get you into this business. I'm going
448 -
449 -113
450 -00:07:08,340 ~-~-> 00:07:11,340
451 -to show you how to leave that stuff behind you and think
452 -
453 -114
454 -00:07:11,370 ~-~-> 00:07:15,360
455 -institutionally, that's like my tagline. I want everyone
456 -
457 -115
458 -00:07:15,360 ~-~-> 00:07:18,660
459 -that follows me to leave that retail mindset because it's
460 -
461 -116
462 -00:07:18,660 ~-~-> 00:07:21,660
463 -not going to help you. In fact, it's actually going to be a
464 -
465 -117
466 -00:07:21,900 ~-~-> 00:07:24,690
467 -hindrance or a snare, you're going to find yourself not
468 -
469 -118
470 -00:07:24,690 ~-~-> 00:07:26,760
471 -finding consistency at all. And if you ask yourself right
472 -
473 -119
474 -00:07:26,760 ~-~-> 00:07:29,700
475 -now, are you consistent? If you're following retail stuff,
476 -
477 -120
478 -00:07:29,730 ~-~-> 00:07:32,760
479 -you're probably not using the things I'm gonna teach you in
480 -
481 -121
482 -00:07:32,760 ~-~-> 00:07:36,780
483 -this three volumes, you will quickly find consistency. Now,
484 -
485 -122
486 -00:07:36,840 ~-~-> 00:07:40,740
487 -I did not say profitability, I cannot promise that some of
488 -
489 -123
490 -00:07:40,740 ~-~-> 00:07:42,630
491 -you are going to break the rules. When are you going to do
492 -
493 -124
494 -00:07:42,630 ~-~-> 00:07:45,120
495 -things early, so when you're going to do things late, you're
496 -
497 -125
498 -00:07:45,120 ~-~-> 00:07:47,790
499 -going to risk too much. Okay? And you're gonna do too many
500 -
501 -126
502 -00:07:47,790 ~-~-> 00:07:51,240
503 -things at one time. That's what's gonna cause the adverse
504 -
505 -127
506 -00:07:51,240 ~-~-> 00:07:53,820
507 -effect and I don't want to credit for your wins and I don't
508 -
509 -128
510 -00:07:53,820 ~-~-> 00:07:57,750
511 -want to credit for your losses set be responsible. It's only
512 -
513 -129
514 -00:07:57,750 ~-~-> 00:08:02,760
515 -for informational purposes only All right, so when we look
516 -
517 -130
518 -00:08:02,760 ~-~-> 00:08:06,930
519 -at high probability scalping, and this is an hourly chart on
520 -
521 -131
522 -00:08:06,930 ~-~-> 00:08:10,320
523 -the dollar CAD, and what I've done is I've highlighted the
524 -
525 -132
526 -00:08:10,320 ~-~-> 00:08:13,770
527 -individual daily highs and lows. Now, it's important that
528 -
529 -133
530 -00:08:14,370 ~-~-> 00:08:17,400
531 -from a scouting standpoint, your timeframe you're gonna be
532 -
533 -134
534 -00:08:17,670 ~-~-> 00:08:20,880
535 -following moon mostly is going to be on the daily, because
536 -
537 -135
538 -00:08:20,880 ~-~-> 00:08:22,560
539 -it's going to give you a bias and I'll show you how to do
540 -
541 -136
542 -00:08:22,560 ~-~-> 00:08:27,420
543 -that. It's really simple. But for looking for liquidity,
544 -
545 -137
546 -00:08:27,780 ~-~-> 00:08:30,390
547 -you're going to be using the hourly chart, because it gives
548 -
549 -138
550 -00:08:30,390 ~-~-> 00:08:33,960
551 -us a real nice framework to see where previous day's highs
552 -
553 -139
554 -00:08:34,140 ~-~-> 00:08:38,700
555 -or the previous high two days ago, okay, for instance, right
556 -
557 -140
558 -00:08:38,700 ~-~-> 00:08:42,090
559 -now at the time of this recording, right over here is this
560 -
561 -141
562 -00:08:42,090 ~-~-> 00:08:44,880
563 -Thursday's data in the far right of the chart, okay, and
564 -
565 -142
566 -00:08:44,880 ~-~-> 00:08:47,400
567 -yesterday's Wednesday's data, you can see the low it's been
568 -
569 -143
570 -00:08:47,400 ~-~-> 00:08:51,420
571 -highlighted here, and the high and then Tuesday's high and
572 -
573 -144
574 -00:08:51,420 ~-~-> 00:08:54,630
575 -low. Okay, so I want to draw your attention to the fact that
576 -
577 -145
578 -00:08:54,660 ~-~-> 00:08:59,640
579 -we have traded below Wednesday's low today and we've also
580 -
581 -146
582 -00:08:59,640 ~-~-> 00:09:02,760
583 -now traded below Tuesday's low. So that to me is a
584 -
585 -147
586 -00:09:02,760 ~-~-> 00:09:05,190
587 -significant point. And I'll talk more about that in Volume
588 -
589 -148
590 -00:09:05,190 ~-~-> 00:09:07,920
591 -Two. But I want to kind of like bring your attention to it
592 -
593 -149
594 -00:09:07,920 ~-~-> 00:09:10,650
595 -right now because it's going to be salient to what we see
596 -
597 -150
598 -00:09:10,650 ~-~-> 00:09:13,350
599 -going into tomorrow's trading. Okay. And you'll see all
600 -
601 -151
602 -00:09:13,350 ~-~-> 00:09:15,570
603 -that, in hindsight, but I'm drawing your attention to it
604 -
605 -152
606 -00:09:15,600 ~-~-> 00:09:20,310
607 -right now. But each day, daily highs and lows, okay, when
608 -
609 -153
610 -00:09:20,310 ~-~-> 00:09:22,500
611 -it's bullish when the market is bullish, and I'll show you
612 -
613 -154
614 -00:09:22,500 ~-~-> 00:09:26,130
615 -how to define what's bullish and what's bearish. not
616 -
617 -155
618 -00:09:26,130 ~-~-> 00:09:29,160
619 -requiring any indicators, no trend lines and moving average
620 -
621 -156
622 -00:09:29,160 ~-~-> 00:09:31,920
623 -in the oscillators none of that stuff. Okay, just using
624 -
625 -157
626 -00:09:31,920 ~-~-> 00:09:35,820
627 -purely price action only. It's all that's necessary. But
628 -
629 -158
630 -00:09:35,820 ~-~-> 00:09:38,490
631 -when we're bullish on price action, we think higher prices
632 -
633 -159
634 -00:09:38,490 ~-~-> 00:09:41,190
635 -are an order. Let's say we come to that conclusion right
636 -
637 -160
638 -00:09:41,190 ~-~-> 00:09:47,190
639 -away, if we're bullish, and institutional mindset is running
640 -
641 -161
642 -00:09:47,190 ~-~-> 00:09:51,480
643 -liquidity on the previous day or previous days prior to
644 -
645 -162
646 -00:09:51,480 ~-~-> 00:09:52,620
647 -yesterday's high,
648 -
649 -163
650 -00:09:53,040 ~-~-> 00:09:57,210
651 -okay. And the reason why is there's a lot of speculation
652 -
653 -164
654 -00:09:57,240 ~-~-> 00:10:01,740
655 -about catching catching highs in the world. Place. Okay. And
656 -
657 -165
658 -00:10:02,280 ~-~-> 00:10:07,050
659 -especially if we have a day that saw a retracement the day
660 -
661 -166
662 -00:10:07,050 ~-~-> 00:10:11,190
663 -before or two days ago, lower. That means there's going to
664 -
665 -167
666 -00:10:11,190 ~-~-> 00:10:15,060
667 -be built in positions that are short. Okay, folks that have
668 -
669 -168
670 -00:10:15,240 ~-~-> 00:10:18,030
671 -tried to sell short on the marketplace. They're going to
672 -
673 -169
674 -00:10:18,030 ~-~-> 00:10:21,360
675 -want to try to capitalize on movement lower. Where's your
676 -
677 -170
678 -00:10:21,360 ~-~-> 00:10:24,390
679 -buy stock going to be above the most recent high what's the
680 -
681 -171
682 -00:10:24,390 ~-~-> 00:10:27,930
683 -most recent high yesterday or the day before? Now, why am I
684 -
685 -172
686 -00:10:27,930 ~-~-> 00:10:31,200
687 -having you look back two days ago and include today's range,
688 -
689 -173
690 -00:10:31,530 ~-~-> 00:10:35,100
691 -because every swing high on a daily chart and every swing
692 -
693 -174
694 -00:10:35,100 ~-~-> 00:10:40,320
695 -low is comprised and created by three individual bars. You
696 -
697 -175
698 -00:10:40,320 ~-~-> 00:10:43,080
699 -have to be monitoring these daily highs and lows, because
700 -
701 -176
702 -00:10:43,110 ~-~-> 00:10:45,330
703 -you want to be able to forecast eventually as I teach you
704 -
705 -177
706 -00:10:45,330 ~-~-> 00:10:48,120
707 -involving three swing highs and swing lows before they
708 -
709 -178
710 -00:10:48,120 ~-~-> 00:10:50,700
711 -actually materialize and start breaking down because
712 -
713 -179
714 -00:10:50,700 ~-~-> 00:10:53,580
715 -sometimes the markets will turn on a dime and they don't
716 -
717 -180
718 -00:10:53,580 ~-~-> 00:10:56,190
719 -give you the setup that I'm going to outline in this volume
720 -
721 -181
722 -00:10:56,190 ~-~-> 00:10:59,310
723 -one but this is the bread and butter easy way approach. It's
724 -
725 -182
726 -00:10:59,310 ~-~-> 00:11:01,230
727 -not going to give you a Let's set up every single trading
728 -
729 -183
730 -00:11:01,230 ~-~-> 00:11:04,710
731 -day. And that's exactly what I want you to avoid trying to
732 -
733 -184
734 -00:11:04,710 ~-~-> 00:11:07,890
735 -trade every single day. Now, there's a reason to trade a
736 -
737 -185
738 -00:11:07,890 ~-~-> 00:11:10,920
739 -demo account every day to practice the setups, but do not
740 -
741 -186
742 -00:11:10,920 ~-~-> 00:11:13,560
743 -try to force your Live account into a condition where it
744 -
745 -187
746 -00:11:13,560 ~-~-> 00:11:16,890
747 -must trade every single day. Day Trading is not everyday
748 -
749 -188
750 -00:11:16,890 ~-~-> 00:11:20,340
751 -trading. So I want you to take a look at one price has moved
752 -
753 -189
754 -00:11:20,340 ~-~-> 00:11:24,840
755 -higher every previous day. It's high, it's been violated.
756 -
757 -190
758 -00:11:25,320 ~-~-> 00:11:31,590
759 -Okay. Generally, folks won't pay attention that simple
760 -
761 -191
762 -00:11:32,580 ~-~-> 00:11:36,120
763 -phenomenon. It's a very simple approach, but it eluded me
764 -
765 -192
766 -00:11:36,150 ~-~-> 00:11:40,020
767 -the first six years of my trading. I didn't see this element
768 -
769 -193
770 -00:11:40,020 ~-~-> 00:11:43,830
771 -to trading until about six years into my bond trading. Now I
772 -
773 -194
774 -00:11:43,830 ~-~-> 00:11:49,050
775 -started as a treasury bond trader, and SMP futures trader,
776 -
777 -195
778 -00:11:49,530 ~-~-> 00:11:52,980
779 -those were my two markets of choice either I was in spoos,
780 -
781 -196
782 -00:11:52,980 ~-~-> 00:11:56,040
783 -which is SMP or I was trading the Treasury market or bonds.
784 -
785 -197
786 -00:11:56,490 ~-~-> 00:12:00,000
787 -I was rarely ever in both because they are basically
788 -
789 -198
790 -00:12:00,480 ~-~-> 00:12:03,300
791 -diametrically opposed. Think of it like the dollar index and
792 -
793 -199
794 -00:12:03,300 ~-~-> 00:12:07,620
795 -a foreign currency. Okay? I didn't do anything else. I
796 -
797 -200
798 -00:12:07,620 ~-~-> 00:12:09,900
799 -didn't trade agricultural anymore. I just focused on those
800 -
801 -201
802 -00:12:09,900 ~-~-> 00:12:14,880
803 -two pairs or two pairs, but I focused on those two markets.
804 -
805 -202
806 -00:12:15,360 ~-~-> 00:12:18,930
807 -Why? Because I didn't need anything else. If you are
808 -
809 -203
810 -00:12:18,930 ~-~-> 00:12:23,040
811 -watching multiple pairs right now, stop, just do it for one
812 -
813 -204
814 -00:12:23,040 ~-~-> 00:12:26,970
815 -month, humor me for one month, I promise you, if you give me
816 -
817 -205
818 -00:12:26,970 ~-~-> 00:12:29,850
819 -one month, if your time and focusing on one currency pair,
820 -
821 -206
822 -00:12:29,880 ~-~-> 00:12:33,120
823 -it doesn't have to be one that I suggest pick one. Any one
824 -
825 -207
826 -00:12:33,120 ~-~-> 00:12:36,810
827 -of the majors is cross with $1 I promise you, you will learn
828 -
829 -208
830 -00:12:36,930 ~-~-> 00:12:39,960
831 -you'll learn more by doing that then trying to do all these
832 -
833 -209
834 -00:12:39,960 ~-~-> 00:12:42,750
835 -other things with other different pairs. If you're trading
836 -
837 -210
838 -00:12:42,750 ~-~-> 00:12:45,420
839 -multiple assets, and you're now starting to learn forex,
840 -
841 -211
842 -00:12:45,480 ~-~-> 00:12:48,510
843 -stop trading other asset classes and just focus one month
844 -
845 -212
846 -00:12:48,510 ~-~-> 00:12:50,880
847 -with me use the information I gave you and again, I
848 -
849 -213
850 -00:12:50,880 ~-~-> 00:12:54,030
851 -guarantee you you will understand price far better than you
852 -
853 -214
854 -00:12:54,030 ~-~-> 00:12:56,700
855 -ever had before. And it's gonna be very simple approaches.
856 -
857 -215
858 -00:12:57,630 ~-~-> 00:13:01,680
859 -So you got me want to guarantee there So now if we're
860 -
861 -216
862 -00:13:01,680 ~-~-> 00:13:04,740
863 -bullish, what we want to be thinking about is where price is
864 -
865 -217
866 -00:13:04,740 ~-~-> 00:13:08,280
867 -going to be drawn to, okay? That's called the draw. Now,
868 -
869 -218
870 -00:13:08,340 ~-~-> 00:13:12,450
871 -when we look for where the markets going to reach for in
872 -
873 -219
874 -00:13:12,450 ~-~-> 00:13:15,450
875 -terms of bullishness, it's the previous day's high or an old
876 -
877 -220
878 -00:13:15,450 ~-~-> 00:13:18,990
879 -high, that's going to be in the form of buy side liquidity
880 -
881 -221
882 -00:13:18,990 ~-~-> 00:13:23,100
883 -or buy stops. So the market will draw up to that level,
884 -
885 -222
886 -00:13:23,160 ~-~-> 00:13:25,950
887 -okay? And dip into that liquidity pool, where there's
888 -
889 -223
890 -00:13:25,950 ~-~-> 00:13:29,100
891 -existing buy stops. For instance, if you were selling short,
892 -
893 -224
894 -00:13:29,370 ~-~-> 00:13:33,270
895 -your buy stop would be above the current market price, at
896 -
897 -225
898 -00:13:33,270 ~-~-> 00:13:36,180
899 -what level whatever the previous high was. That's what the
900 -
901 -226
902 -00:13:36,180 ~-~-> 00:13:40,560
903 -books tell you, right. So if your stock gets hit, what that
904 -
905 -227
906 -00:13:40,590 ~-~-> 00:13:46,050
907 -becomes is a market order to send a buy order right away in
908 -
909 -228
910 -00:13:46,050 ~-~-> 00:13:50,220
911 -as a market order. So your buy stop transforms into a market
912 -
913 -229
914 -00:13:50,220 ~-~-> 00:13:54,240
915 -order to buy at the market, and the market is going to be
916 -
917 -230
918 -00:13:54,240 ~-~-> 00:13:58,170
919 -driven up there. From an algorithmic standpoint. I'm not
920 -
921 -231
922 -00:13:58,170 ~-~-> 00:14:00,540
923 -going to get into that here. And I'm not trying convince you
924 -
925 -232
926 -00:14:00,540 ~-~-> 00:14:04,380
927 -of it, just just suspend your disbelief if you don't believe
928 -
929 -233
930 -00:14:04,380 ~-~-> 00:14:07,830
931 -it's algorithmic in terms of how the markets move, think of
932 -
933 -234
934 -00:14:07,830 ~-~-> 00:14:09,600
935 -it as just, you know,
936 -
937 -235
938 -00:14:09,930 ~-~-> 00:14:13,080
939 -supply and demand that helps you right now. Okay. But when
940 -
941 -236
942 -00:14:13,080 ~-~-> 00:14:17,340
943 -price goes above an old high, it's going there to force
944 -
945 -237
946 -00:14:17,730 ~-~-> 00:14:20,970
947 -buyers to come in at a higher price instead of buying low,
948 -
949 -238
950 -00:14:21,390 ~-~-> 00:14:24,090
951 -okay, they're forcing buyers to buy at a higher price. So
952 -
953 -239
954 -00:14:24,090 ~-~-> 00:14:27,150
955 -smart money has at some point accumulated a position at a
956 -
957 -240
958 -00:14:27,150 ~-~-> 00:14:30,780
959 -lower price. And they're driving price up to formulate an
960 -
961 -241
962 -00:14:30,780 ~-~-> 00:14:35,190
963 -opportunity or condition for participants to have existing
964 -
965 -242
966 -00:14:35,190 ~-~-> 00:14:38,580
967 -orders or real interest at buying at a higher level to be
968 -
969 -243
970 -00:14:38,580 ~-~-> 00:14:42,450
971 -forced into or out of positions. Okay, and that's all it's
972 -
973 -244
974 -00:14:42,450 ~-~-> 00:14:45,900
975 -all basically framed on. Now, I'm framing this whole
976 -
977 -245
978 -00:14:45,990 ~-~-> 00:14:50,010
979 -discussion tonight on the basis of looking for buy side
980 -
981 -246
982 -00:14:50,010 ~-~-> 00:14:54,900
983 -liquidity or buy stocks or running out, buy side liquidity
984 -
985 -247
986 -00:14:54,900 ~-~-> 00:14:59,700
987 -pools. Okay. So when we're bullish from an institutional
988 -
989 -248
990 -00:14:59,700 ~-~-> 00:15:02,790
991 -standpoint What we're looking for is the draw. The draw is
992 -
993 -249
994 -00:15:02,820 ~-~-> 00:15:06,330
995 -above where market pricing is now, in the form of old highs.
996 -
997 -250
998 -00:15:06,450 ~-~-> 00:15:09,840
999 -Now we're using for scalping, we're using previous day's
1000 -
1001 -251
1002 -00:15:09,840 ~-~-> 00:15:13,110
1003 -high for a very simple little day trading approach to
1004 -
1005 -252
1006 -00:15:13,110 ~-~-> 00:15:17,880
1007 -capture 10 to 30 pips inside of one trading day. Now, every
1008 -
1009 -253
1010 -00:15:17,880 ~-~-> 00:15:24,480
1011 -pair out there does this several times a week. Not every day
1012 -
1013 -254
1014 -00:15:24,480 ~-~-> 00:15:27,240
1015 -does one singular pair create this condition. So it's
1016 -
1017 -255
1018 -00:15:27,240 ~-~-> 00:15:30,180
1019 -important you have that your notes, do not anticipate this
1020 -
1021 -256
1022 -00:15:30,180 ~-~-> 00:15:32,910
1023 -forming every single trading day and say for instance, the
1024 -
1025 -257
1026 -00:15:32,910 ~-~-> 00:15:36,870
1027 -Euro dollar, okay? If you don't see a setup in euro dollar,
1028 -
1029 -258
1030 -00:15:37,170 ~-~-> 00:15:40,080
1031 -then once you understand the setup, okay, then you can go
1032 -
1033 -259
1034 -00:15:40,080 ~-~-> 00:15:44,520
1035 -into other pairs, like pick four majors, okay, maybe a
1036 -
1037 -260
1038 -00:15:44,520 ~-~-> 00:15:47,700
1039 -cross, and that's like your little basket of currencies and
1040 -
1041 -261
1042 -00:15:47,700 ~-~-> 00:15:50,400
1043 -you go through that. I'm not inviting you to go through 28
1044 -
1045 -262
1046 -00:15:50,400 ~-~-> 00:15:54,720
1047 -pairs, okay, don't do that. But you can find a setup that
1048 -
1049 -263
1050 -00:15:54,720 ~-~-> 00:15:57,750
1051 -I'm going to teach you tonight, every single trading day to
1052 -
1053 -264
1054 -00:15:57,750 ~-~-> 00:16:01,410
1055 -practice on if you have learned What's gonna be presented to
1056 -
1057 -265
1058 -00:16:01,410 ~-~-> 00:16:04,860
1059 -you in the first? Well, the first, second and third volume
1060 -
1061 -266
1062 -00:16:04,890 ~-~-> 00:16:07,500
1063 -completed. Once you understand that and you've practiced for
1064 -
1065 -267
1066 -00:16:07,500 ~-~-> 00:16:11,670
1067 -at least a month, then you have my permission to go into
1068 -
1069 -268
1070 -00:16:11,700 ~-~-> 00:16:15,390
1071 -including four majors and across, and then start looking
1072 -
1073 -269
1074 -00:16:15,390 ~-~-> 00:16:18,240
1075 -like that. And you'll see that there's a setup every single
1076 -
1077 -270
1078 -00:16:18,240 ~-~-> 00:16:21,990
1079 -trading day. But it's not my invitation or my goal to
1080 -
1081 -271
1082 -00:16:21,990 ~-~-> 00:16:24,810
1083 -inspire you to try to trade every single day. Don't do that.
1084 -
1085 -272
1086 -00:16:25,350 ~-~-> 00:16:28,170
1087 -My hope is that you learn to find one or two trades like
1088 -
1089 -273
1090 -00:16:28,170 ~-~-> 00:16:31,260
1091 -this per week, and then force yourself to be disciplined to
1092 -
1093 -274
1094 -00:16:31,260 ~-~-> 00:16:33,900
1095 -not trade anymore. Because every time you trade, you're
1096 -
1097 -275
1098 -00:16:33,900 ~-~-> 00:16:36,510
1099 -opening the invitation to lose money. And the closer you get
1100 -
1101 -276
1102 -00:16:36,510 ~-~-> 00:16:39,240
1103 -to Friday's close with a losing position, it's just going to
1104 -
1105 -277
1106 -00:16:39,240 ~-~-> 00:16:41,520
1107 -make your misery make you miserable every weekend. And it's
1108 -
1109 -278
1110 -00:16:41,520 ~-~-> 00:16:43,530
1111 -nothing worse than having made money in the beginning in a
1112 -
1113 -279
1114 -00:16:43,530 ~-~-> 00:16:45,780
1115 -week, or sometime during the week and then go in one more
1116 -
1117 -280
1118 -00:16:45,780 ~-~-> 00:16:48,540
1119 -time and lose it going into the weekend. It's frustrating.
1120 -
1121 -281
1122 -00:16:48,570 ~-~-> 00:16:51,300
1123 -I've done it many, many times over the last two decades. You
1124 -
1125 -282
1126 -00:16:51,300 ~-~-> 00:16:55,290
1127 -don't want to do that. It's avoidable once you make money in
1128 -
1129 -283
1130 -00:16:55,290 ~-~-> 00:16:58,860
1131 -your demo account. Okay. I'm not promising you make them
1132 -
1133 -284
1134 -00:16:58,950 ~-~-> 00:17:01,380
1135 -live funds. I can I'm not licensed to do that, but I'm
1136 -
1137 -285
1138 -00:17:01,380 ~-~-> 00:17:03,720
1139 -teaching you how to practice in a demo account. That's all
1140 -
1141 -286
1142 -00:17:03,720 ~-~-> 00:17:06,420
1143 -I'm doing here. If you use this information in a Live
1144 -
1145 -287
1146 -00:17:06,420 ~-~-> 00:17:10,050
1147 -account, it's on you win or lose 100% of the responsibility
1148 -
1149 -288
1150 -00:17:10,050 ~-~-> 00:17:14,610
1151 -is on you. Okay? So in this hourly chart, we are looking at
1152 -
1153 -289
1154 -00:17:14,610 ~-~-> 00:17:17,910
1155 -two timeframes the daily, which gives us our bias as I'll
1156 -
1157 -290
1158 -00:17:17,970 ~-~-> 00:17:22,350
1159 -indicate, and the hourly which sets up where the market is
1160 -
1161 -291
1162 -00:17:22,350 ~-~-> 00:17:25,350
1163 -going to most likely reach for for the draw. Okay, that's
1164 -
1165 -292
1166 -00:17:25,350 ~-~-> 00:17:27,900
1167 -where the liquidity pool is. So for bullish again, we're
1168 -
1169 -293
1170 -00:17:27,900 ~-~-> 00:17:31,260
1171 -looking for an old high to run to, that's it. Very simple
1172 -
1173 -294
1174 -00:17:31,260 ~-~-> 00:17:33,930
1175 -strategy, nothing more than that. Okay, so now we're looking
1176 -
1177 -295
1178 -00:17:33,930 ~-~-> 00:17:38,100
1179 -at a daily chart. And I want you to look at the patterns I
1180 -
1181 -296
1182 -00:17:38,100 ~-~-> 00:17:40,020
1183 -have here, because it's going to be very important to
1184 -
1185 -297
1186 -00:17:40,020 ~-~-> 00:17:43,170
1187 -understand what these are, because it's going to give us the
1188 -
1189 -298
1190 -00:17:43,170 ~-~-> 00:17:46,680
1191 -context to define when the market should be bullish and when
1192 -
1193 -299
1194 -00:17:46,680 ~-~-> 00:17:50,280
1195 -it should be bearish. Over here in the left hand corner,
1196 -
1197 -300
1198 -00:17:51,420 ~-~-> 00:17:54,780
1199 -this is a swing low and this is a crude depiction. I didn't
1200 -
1201 -301
1202 -00:17:54,780 ~-~-> 00:17:56,730
1203 -add any color because I just want you to think about the
1204 -
1205 -302
1206 -00:17:56,730 ~-~-> 00:18:00,000
1207 -overall pattern itself. Now if any one of these three
1208 -
1209 -303
1210 -00:18:00,000 ~-~-> 00:18:03,390
1211 -candles can be up or down close in nature. In other words,
1212 -
1213 -304
1214 -00:18:03,390 ~-~-> 00:18:06,450
1215 -it can be a bullish candle or bearish candle. All three of
1216 -
1217 -305
1218 -00:18:06,450 ~-~-> 00:18:09,840
1219 -these It does not matter. Okay? All we're looking for is the
1220 -
1221 -306
1222 -00:18:09,840 ~-~-> 00:18:14,910
1223 -generic formation of these three candles. Okay, one having
1224 -
1225 -307
1226 -00:18:15,270 ~-~-> 00:18:19,530
1227 -the lowest, low and a higher low to the left and higher load
1228 -
1229 -308
1230 -00:18:19,530 ~-~-> 00:18:22,860
1231 -to the right. It's only three candles, three bars needed to
1232 -
1233 -309
1234 -00:18:22,860 ~-~-> 00:18:27,540
1235 -find this pattern. Okay? If you look at Mt four, there's a
1236 -
1237 -310
1238 -00:18:28,800 ~-~-> 00:18:31,440
1239 -little indicator you can click on. It's called a fractal.
1240 -
1241 -311
1242 -00:18:31,890 ~-~-> 00:18:34,350
1243 -And I really wish they would have never named that and it's
1244 -
1245 -312
1246 -00:18:34,350 ~-~-> 00:18:36,630
1247 -a Bill Williams thing. I'm not a fan of Bill Williams
1248 -
1249 -313
1250 -00:18:36,630 ~-~-> 00:18:40,590
1251 -material and I'm not trying to be disrespectful. But what
1252 -
1253 -314
1254 -00:18:40,590 ~-~-> 00:18:42,660
1255 -I'm teaching you is what I learned from my mentor, Larry
1256 -
1257 -315
1258 -00:18:42,660 ~-~-> 00:18:45,810
1259 -Williams. I think he's proven himself. He's made millions of
1260 -
1261 -316
1262 -00:18:45,810 ~-~-> 00:18:49,020
1263 -dollars and it's documented. You know, he's took 10,000 to
1264 -
1265 -317
1266 -00:18:49,320 ~-~-> 00:18:52,590
1267 -over $1 million in 12 months and you can see that on the
1268 -
1269 -318
1270 -00:18:52,590 ~-~-> 00:18:56,250
1271 -Robins trading contest website. You can see he's no one's
1272 -
1273 -319
1274 -00:18:56,280 ~-~-> 00:19:01,230
1275 -even come close to his his record but His approach to
1276 -
1277 -320
1278 -00:19:01,230 ~-~-> 00:19:01,980
1279 -teaching
1280 -
1281 -321
1282 -00:19:02,220 ~-~-> 00:19:05,040
1283 -market structure it starts with this simple concept of a
1284 -
1285 -322
1286 -00:19:05,040 ~-~-> 00:19:08,610
1287 -swing high swing low. So when we see a swing low, it's three
1288 -
1289 -323
1290 -00:19:08,700 ~-~-> 00:19:14,100
1291 -bars or three candles. Okay? Once that forms, what we, in
1292 -
1293 -324
1294 -00:19:14,100 ~-~-> 00:19:17,580
1295 -the old days, we'll call that would be a ring low. Okay?
1296 -
1297 -325
1298 -00:19:17,610 ~-~-> 00:19:19,710
1299 -Because we don't have charts, we had to really just write
1300 -
1301 -326
1302 -00:19:19,710 ~-~-> 00:19:22,200
1303 -that down in our notebook and the lowest of the three
1304 -
1305 -327
1306 -00:19:22,200 ~-~-> 00:19:25,950
1307 -candles, or the lowest in recent week or the month, we
1308 -
1309 -328
1310 -00:19:25,950 ~-~-> 00:19:29,130
1311 -would, we would put a circle around that that number, okay,
1312 -
1313 -329
1314 -00:19:29,130 ~-~-> 00:19:33,810
1315 -on their binder. And that's the way it was. It was it was
1316 -
1317 -330
1318 -00:19:33,810 ~-~-> 00:19:36,360
1319 -like that in the old days. So we would know that that was an
1320 -
1321 -331
1322 -00:19:36,360 ~-~-> 00:19:39,000
1323 -important low, why because it had a higher low to the right
1324 -
1325 -332
1326 -00:19:39,000 ~-~-> 00:19:42,210
1327 -of it in the higher low to the left of it. Okay. So when we
1328 -
1329 -333
1330 -00:19:42,210 ~-~-> 00:19:45,570
1331 -see this formation on the daily chart, okay, what we're
1332 -
1333 -334
1334 -00:19:45,570 ~-~-> 00:19:50,310
1335 -looking for is this to occur after this is important. You
1336 -
1337 -335
1338 -00:19:50,310 ~-~-> 00:19:55,260
1339 -need to anticipate this forming after a swing high has been
1340 -
1341 -336
1342 -00:19:55,260 ~-~-> 00:19:59,430
1343 -broken. Now probably just took a huge leap forward and
1344 -
1345 -337
1346 -00:19:59,430 ~-~-> 00:20:02,880
1347 -probably last Friday. POV let me say it again. We are only
1348 -
1349 -338
1350 -00:20:02,880 ~-~-> 00:20:07,710
1351 -really interested in looking for daily swing lows after a
1352 -
1353 -339
1354 -00:20:07,710 ~-~-> 00:20:11,130
1355 -swing high which is a high that has two lower highs on
1356 -
1357 -340
1358 -00:20:11,130 ~-~-> 00:20:14,820
1359 -either side of it, okay. All right, we got one daily candle
1360 -
1361 -341
1362 -00:20:14,820 ~-~-> 00:20:19,590
1363 -or bar with yesterday or the previous day's high being lower
1364 -
1365 -342
1366 -00:20:19,590 ~-~-> 00:20:23,790
1367 -than today's and tomorrow's they should have a lower high.
1368 -
1369 -343
1370 -00:20:24,060 ~-~-> 00:20:26,370
1371 -Okay, so it's this is what we're seeing a three bar pattern.
1372 -
1373 -344
1374 -00:20:27,090 ~-~-> 00:20:30,570
1375 -You wait for this to occur in the price action and if price
1376 -
1377 -345
1378 -00:20:30,570 ~-~-> 00:20:34,200
1379 -trades through the swing high, you're now on bullish alert.
1380 -
1381 -346
1382 -00:20:35,100 ~-~-> 00:20:39,690
1383 -You wait for the swing low the forum, what you have done is
1384 -
1385 -347
1386 -00:20:39,690 ~-~-> 00:20:43,230
1387 -you've waited for institutions to get back in line with the
1388 -
1389 -348
1390 -00:20:43,230 ~-~-> 00:20:46,230
1391 -momentum on a short term basis. And the algorithm once it
1392 -
1393 -349
1394 -00:20:46,230 ~-~-> 00:20:49,110
1395 -creates that swing low again after the swing high has been
1396 -
1397 -350
1398 -00:20:49,110 ~-~-> 00:20:52,890
1399 -broken. Momentum is now bullish, and you're waiting for this
1400 -
1401 -351
1402 -00:20:52,890 ~-~-> 00:20:56,460
1403 -short term pattern here. When that happens, your focus is
1404 -
1405 -352
1406 -00:20:56,460 ~-~-> 00:21:01,020
1407 -going to go immediately to the highest Have this number
1408 -
1409 -353
1410 -00:21:01,020 ~-~-> 00:21:04,500
1411 -three candle. And I mean, I mean I mean number of these
1412 -
1413 -354
1414 -00:21:04,500 ~-~-> 00:21:07,740
1415 -candles so that way we can track it and know what we're
1416 -
1417 -355
1418 -00:21:07,740 ~-~-> 00:21:12,540
1419 -looking at. So this is for directional bias. These candles
1420 -
1421 -356
1422 -00:21:12,540 ~-~-> 00:21:15,060
1423 -now have numbers on them and it's always moving left to
1424 -
1425 -357
1426 -00:21:15,060 ~-~-> 00:21:17,880
1427 -right. Number one, candle number two candle number three
1428 -
1429 -358
1430 -00:21:17,880 ~-~-> 00:21:21,210
1431 -candle. What we're doing is we're watching once the daily
1432 -
1433 -359
1434 -00:21:21,210 ~-~-> 00:21:26,580
1435 -swing low forms, we want to see the high be traded through
1436 -
1437 -360
1438 -00:21:27,090 ~-~-> 00:21:31,650
1439 -on day number four. Okay, once they are four does that we
1440 -
1441 -361
1442 -00:21:31,650 ~-~-> 00:21:36,540
1443 -know that day number five, we can be looking for a run on
1444 -
1445 -362
1446 -00:21:36,540 ~-~-> 00:21:41,910
1447 -previous day's high liquidity. You can be aggressive once
1448 -
1449 -363
1450 -00:21:41,910 ~-~-> 00:21:46,740
1451 -this formation occurs if we open below number three's high
1452 -
1453 -364
1454 -00:21:48,000 ~-~-> 00:21:51,420
1455 -say on door in London or New York if we're below that low
1456 -
1457 -365
1458 -00:21:51,570 ~-~-> 00:21:53,580
1459 -and we have a condition that presents an optimal trade
1460 -
1461 -366
1462 -00:21:53,580 ~-~-> 00:21:56,580
1463 -entry. You can go long and look for a run on number three's
1464 -
1465 -367
1466 -00:21:56,580 ~-~-> 00:22:00,840
1467 -high for run on liquidity above number three's Buy stops.
1468 -
1469 -368
1470 -00:22:01,770 ~-~-> 00:22:03,660
1471 -That's a little aggressive. And I'll give you rules to do
1472 -
1473 -369
1474 -00:22:03,660 ~-~-> 00:22:06,900
1475 -that in volume number three, but tonight, I'm gonna keep it
1476 -
1477 -370
1478 -00:22:06,900 ~-~-> 00:22:11,460
1479 -very simple and very, very elementary. So as a recap, what
1480 -
1481 -371
1482 -00:22:11,460 ~-~-> 00:22:14,670
1483 -we want to do is we want to see a swing high, this formation
1484 -
1485 -372
1486 -00:22:14,670 ~-~-> 00:22:20,700
1487 -form, and we see that here, okay, we see a swing high, has a
1488 -
1489 -373
1490 -00:22:20,700 ~-~-> 00:22:23,370
1491 -lower high to the left of it a lower high to the right of
1492 -
1493 -374
1494 -00:22:23,370 ~-~-> 00:22:27,060
1495 -it, and we want to see it trade through that high. It does
1496 -
1497 -375
1498 -00:22:27,060 ~-~-> 00:22:31,470
1499 -it here, right here on this large wick candle. When that
1500 -
1501 -376
1502 -00:22:31,470 ~-~-> 00:22:35,160
1503 -happens, we start looking for this formation on daily chart.
1504 -
1505 -377
1506 -00:22:36,690 ~-~-> 00:22:39,990
1507 -It happens right here. Okay, we have a long wick candle has
1508 -
1509 -378
1510 -00:22:39,990 ~-~-> 00:22:42,390
1511 -a higher low to the left of it higher low to the right of
1512 -
1513 -379
1514 -00:22:42,390 ~-~-> 00:22:45,870
1515 -it. And the very next day we want to be looking for runs on
1516 -
1517 -380
1518 -00:22:45,900 ~-~-> 00:22:50,640
1519 -previous day's highs for a resistance of previous day's
1520 -
1521 -381
1522 -00:22:50,640 ~-~-> 00:22:55,440
1523 -high. It's going to give them in the retail world, the false
1524 -
1525 -382
1526 -00:22:55,440 ~-~-> 00:22:58,380
1527 -sense of security that the previous day's highs going to
1528 -
1529 -383
1530 -00:22:58,380 ~-~-> 00:23:05,430
1531 -stop price. Not Going to. So we can see how markets that
1532 -
1533 -384
1534 -00:23:05,430 ~-~-> 00:23:07,860
1535 -have this condition have a tendency to continuously move
1536 -
1537 -385
1538 -00:23:07,860 ~-~-> 00:23:12,210
1539 -higher each day. Look at how the previous day's high is
1540 -
1541 -386
1542 -00:23:12,210 ~-~-> 00:23:15,180
1543 -violated to some degree. Okay, and then when we get these
1544 -
1545 -387
1546 -00:23:15,180 ~-~-> 00:23:18,420
1547 -inside days and I'll talk about that in Volume Two, inside
1548 -
1549 -388
1550 -00:23:18,420 ~-~-> 00:23:22,050
1551 -days are going to be important, but not so important for the
1552 -
1553 -389
1554 -00:23:22,050 ~-~-> 00:23:23,700
1555 -forefront. First of all, you might want to understand the
1556 -
1557 -390
1558 -00:23:23,730 ~-~-> 00:23:27,810
1559 -basic premise or how we get to directional bias, and why the
1560 -
1561 -391
1562 -00:23:27,810 ~-~-> 00:23:31,920
1563 -swing highs and swing lows are important. So each previous
1564 -
1565 -392
1566 -00:23:31,920 ~-~-> 00:23:36,060
1567 -day's high is taken to some degree, every day has a varying
1568 -
1569 -393
1570 -00:23:36,300 ~-~-> 00:23:39,060
1571 -amount of pips, and again, I'm not trying to promote the
1572 -
1573 -394
1574 -00:23:39,060 ~-~-> 00:23:42,060
1575 -idea of knowing exactly how many pips you know, next week is
1576 -
1577 -395
1578 -00:23:42,060 ~-~-> 00:23:45,180
1579 -going to have or three days from now, it's not important
1580 -
1581 -396
1582 -00:23:45,450 ~-~-> 00:23:47,880
1583 -there, there'll be tools and things that you learn going
1584 -
1585 -397
1586 -00:23:47,880 ~-~-> 00:23:51,090
1587 -through to help you get to that. But for now, just be
1588 -
1589 -398
1590 -00:23:51,090 ~-~-> 00:23:54,660
1591 -content with learning the general rules of how to determine
1592 -
1593 -399
1594 -00:23:54,660 ~-~-> 00:23:58,140
1595 -whether the market is bullish or bearish. If you do this,
1596 -
1597 -400
1598 -00:23:58,170 ~-~-> 00:24:01,380
1599 -okay, this is not mentorship level
1600 -
1601 -401
1602 -00:24:02,160 ~-~-> 00:24:06,240
1603 -bias but it is a real quick down and dirty approach. And
1604 -
1605 -402
1606 -00:24:06,240 ~-~-> 00:24:09,630
1607 -this is actually how I learned it the first time in terms of
1608 -
1609 -403
1610 -00:24:10,050 ~-~-> 00:24:12,870
1611 -finding basically daily momentum. It's all it is and it
1612 -
1613 -404
1614 -00:24:12,870 ~-~-> 00:24:15,570
1615 -doesn't require you to have any kind of momentum indicator
1616 -
1617 -405
1618 -00:24:15,570 ~-~-> 00:24:17,850
1619 -to do it. No moving average and all that stuff. Okay, you
1620 -
1621 -406
1622 -00:24:17,850 ~-~-> 00:24:20,940
1623 -can read it just from price. So again, simple rules are we
1624 -
1625 -407
1626 -00:24:20,940 ~-~-> 00:24:24,630
1627 -want to see a swing high broken to the upside. Okay, we see
1628 -
1629 -408
1630 -00:24:24,630 ~-~-> 00:24:28,290
1631 -it here with this swing high. So now we have momentum on the
1632 -
1633 -409
1634 -00:24:28,290 ~-~-> 00:24:33,300
1635 -bullishness pulls back, wait for a swing low to form. That's
1636 -
1637 -410
1638 -00:24:33,300 ~-~-> 00:24:36,750
1639 -this pattern here. And then we start watching number three
1640 -
1641 -411
1642 -00:24:36,750 ~-~-> 00:24:39,690
1643 -is high. Okay, we want to see number three is high be
1644 -
1645 -412
1646 -00:24:39,690 ~-~-> 00:24:44,340
1647 -violated. In this case here. We see it violate right there
1648 -
1649 -413
1650 -00:24:44,460 ~-~-> 00:24:49,110
1651 -with this kind of like a indecisive candle. And then the
1652 -
1653 -414
1654 -00:24:49,110 ~-~-> 00:24:52,830
1655 -very next day, we see what it opens it trades down and then
1656 -
1657 -415
1658 -00:24:52,860 ~-~-> 00:24:56,790
1659 -blasts off through the previous day's high. Now when you
1660 -
1661 -416
1662 -00:24:56,790 ~-~-> 00:25:00,360
1663 -have that type of move, it can happen the following day. It
1664 -
1665 -417
1666 -00:25:00,360 ~-~-> 00:25:03,630
1667 -does, it opens, okay, and trades above the high a little bit
1668 -
1669 -418
1670 -00:25:03,630 ~-~-> 00:25:05,640
1671 -that in itself is a scalp. There's nothing wrong with that
1672 -
1673 -419
1674 -00:25:05,640 ~-~-> 00:25:09,690
1675 -little bit of a move. But I want you to focus on finding one
1676 -
1677 -420
1678 -00:25:09,690 ~-~-> 00:25:14,340
1679 -good setup. So if we have a move like this, chances are I
1680 -
1681 -421
1682 -00:25:14,340 ~-~-> 00:25:16,620
1683 -would probably look at another pair only because I
1684 -
1685 -422
1686 -00:25:16,620 ~-~-> 00:25:20,040
1687 -understand the conditions and I noticed set up. So it may
1688 -
1689 -423
1690 -00:25:20,040 ~-~-> 00:25:23,100
1691 -have burned itself out on one pair, especially if it's a big
1692 -
1693 -424
1694 -00:25:23,100 ~-~-> 00:25:26,490
1695 -move. If it's just a marginal move, then you'll probably see
1696 -
1697 -425
1698 -00:25:26,520 ~-~-> 00:25:28,470
1699 -follow through on the next day and maybe the next day after
1700 -
1701 -426
1702 -00:25:28,470 ~-~-> 00:25:33,390
1703 -that. So we have it again here. It opens. Okay, trades down
1704 -
1705 -427
1706 -00:25:33,390 ~-~-> 00:25:36,330
1707 -a little bit and goes higher, running out the previous day's
1708 -
1709 -428
1710 -00:25:36,330 ~-~-> 00:25:39,300
1711 -high again, and again, that's a trade. That's all it is.
1712 -
1713 -429
1714 -00:25:39,300 ~-~-> 00:25:42,600
1715 -It's a scalp. We are not trying to get the weekly low with
1716 -
1717 -430
1718 -00:25:42,600 ~-~-> 00:25:44,550
1719 -this. We're not trying to get the daily low and hold into
1720 -
1721 -431
1722 -00:25:44,550 ~-~-> 00:25:47,670
1723 -the close. All we're doing is looking for an opportunity to
1724 -
1725 -432
1726 -00:25:47,670 ~-~-> 00:25:51,120
1727 -run out a previous day's high or high from two days ago.
1728 -
1729 -433
1730 -00:25:51,720 ~-~-> 00:25:54,390
1731 -That's the context. That's the premise behind the system.
1732 -
1733 -434
1734 -00:25:54,540 ~-~-> 00:25:58,860
1735 -That's the method. Okay. Why does this work? I'm sure you're
1736 -
1737 -435
1738 -00:25:58,860 ~-~-> 00:26:01,350
1739 -probably asking yourself when you Why is this why does this
1740 -
1741 -436
1742 -00:26:01,350 ~-~-> 00:26:06,660
1743 -have any validity to it? When bank level traders are
1744 -
1745 -437
1746 -00:26:06,690 ~-~-> 00:26:12,180
1747 -working, they are trying to turn over liquidity. Okay. And
1748 -
1749 -438
1750 -00:26:12,210 ~-~-> 00:26:15,450
1751 -what I've just taught you is the draw. Okay, the draw is
1752 -
1753 -439
1754 -00:26:15,450 ~-~-> 00:26:19,410
1755 -previous highs and previous lows. Referencing daily highs
1756 -
1757 -440
1758 -00:26:19,410 ~-~-> 00:26:23,190
1759 -and lows. Banks target those liquidity pools more than
1760 -
1761 -441
1762 -00:26:23,190 ~-~-> 00:26:27,930
1763 -anything else in forex. Don't take my word for it, go
1764 -
1765 -442
1766 -00:26:27,930 ~-~-> 00:26:29,790
1767 -through your charts and you'll see that's exactly what goes
1768 -
1769 -443
1770 -00:26:29,790 ~-~-> 00:26:35,760
1771 -on when you have things that are bearish. Okay, we're gonna
1772 -
1773 -444
1774 -00:26:36,000 ~-~-> 00:26:40,020
1775 -flip the script for a minute. We want to see price trade
1776 -
1777 -445
1778 -00:26:40,020 ~-~-> 00:26:44,250
1779 -below a swing low. Once that occurs, then we start waiting
1780 -
1781 -446
1782 -00:26:44,250 ~-~-> 00:26:47,370
1783 -for swing high to form. Why are we doing that? Because we're
1784 -
1785 -447
1786 -00:26:47,370 ~-~-> 00:26:51,240
1787 -waiting for a retracement, it's going to go to an overbought
1788 -
1789 -448
1790 -00:26:51,240 ~-~-> 00:26:55,350
1791 -condition. We don't need indicators to do that are derive
1792 -
1793 -449
1794 -00:26:55,350 ~-~-> 00:26:57,720
1795 -that information and when we have this short term high here,
1796 -
1797 -450
1798 -00:26:58,350 ~-~-> 00:27:02,040
1799 -or swing high form, we start Watching the daily candle
1800 -
1801 -451
1802 -00:27:02,160 ~-~-> 00:27:05,520
1803 -number three, and we want to see trade through that low. But
1804 -
1805 -452
1806 -00:27:05,520 ~-~-> 00:27:08,460
1807 -does we know that we are in bear territory, and we're
1808 -
1809 -453
1810 -00:27:08,460 ~-~-> 00:27:11,610
1811 -probably going to see each previous day's low be violated.
1812 -
1813 -454
1814 -00:27:11,640 ~-~-> 00:27:15,360
1815 -And that's the setup. That's condition. And that's it seen
1816 -
1817 -455
1818 -00:27:15,360 ~-~-> 00:27:21,300
1819 -here. Okay, we see a swing low, broken here, and then we
1820 -
1821 -456
1822 -00:27:21,300 ~-~-> 00:27:24,900
1823 -wait for a swing high to form. That's here we have a high
1824 -
1825 -457
1826 -00:27:25,260 ~-~-> 00:27:27,540
1827 -with a lower high to the left of it a lower high to the
1828 -
1829 -458
1830 -00:27:27,540 ~-~-> 00:27:30,660
1831 -right of it. We wait for this number three candles low to be
1832 -
1833 -459
1834 -00:27:30,660 ~-~-> 00:27:33,390
1835 -taken out. It does it here. So now what we do is we target a
1836 -
1837 -460
1838 -00:27:33,390 ~-~-> 00:27:37,140
1839 -run on this candles low, it opens trades up creates a high
1840 -
1841 -461
1842 -00:27:37,170 ~-~-> 00:27:41,910
1843 -day and slams them. Okay, that's it. That's the setup. It
1844 -
1845 -462
1846 -00:27:41,910 ~-~-> 00:27:45,180
1847 -doesn't doesn't have a whole lot of sexiness to it. But I'm
1848 -
1849 -463
1850 -00:27:45,180 ~-~-> 00:27:47,220
1851 -telling you right now, it's got a whole lot of consistency
1852 -
1853 -464
1854 -00:27:47,220 ~-~-> 00:27:50,130
1855 -to it. And a lot of you probably don't have any consistency
1856 -
1857 -465
1858 -00:27:50,130 ~-~-> 00:27:53,070
1859 -whatsoever or what you're looking for. And this is a very
1860 -
1861 -466
1862 -00:27:53,070 ~-~-> 00:27:56,430
1863 -easy bread and butter approach. Now again, I am not trying
1864 -
1865 -467
1866 -00:27:56,430 ~-~-> 00:28:00,000
1867 -to package this in a everyday approach for one individual
1868 -
1869 -468
1870 -00:28:00,960 ~-~-> 00:28:06,570
1871 -This works in stocks, it works in futures it works in bonds,
1872 -
1873 -469
1874 -00:28:07,050 ~-~-> 00:28:11,430
1875 -works in just about anything that can trade. So when we have
1876 -
1877 -470
1878 -00:28:11,430 ~-~-> 00:28:15,450
1879 -this momentum on a daily chart, and we know we're either
1880 -
1881 -471
1882 -00:28:15,450 ~-~-> 00:28:20,880
1883 -bullish or bearish, it stays that way until we get a break
1884 -
1885 -472
1886 -00:28:21,570 ~-~-> 00:28:24,810
1887 -in opposing market momentum. I'll give you an example what
1888 -
1889 -473
1890 -00:28:24,810 ~-~-> 00:28:28,920
1891 -that would look like. Here we have a swing low form, and
1892 -
1893 -474
1894 -00:28:28,920 ~-~-> 00:28:32,160
1895 -then price comes down and breaks that swing low that upsets
1896 -
1897 -475
1898 -00:28:32,160 ~-~-> 00:28:37,200
1899 -the momentum at this point, we have to see a short term high
1900 -
1901 -476
1902 -00:28:37,200 ~-~-> 00:28:41,940
1903 -be broken. Okay, short term high has to be broken. And then
1904 -
1905 -477
1906 -00:28:41,940 ~-~-> 00:28:45,300
1907 -we have a here we have a high with a lower high and a lower
1908 -
1909 -478
1910 -00:28:45,300 ~-~-> 00:28:48,870
1911 -high to the right of it. It's broken to the upside here. So
1912 -
1913 -479
1914 -00:28:48,870 ~-~-> 00:28:51,720
1915 -when we have that now we go back in the cycle of looking for
1916 -
1917 -480
1918 -00:28:51,720 ~-~-> 00:28:57,270
1919 -a swing low to swing low forms here. We have a candle to the
1920 -
1921 -481
1922 -00:28:57,270 ~-~-> 00:28:58,770
1923 -left of it that's higher low,
1924 -
1925 -482
1926 -00:28:59,100 ~-~-> 00:29:02,130
1927 -the low In the middle and the next candle is up. So we want
1928 -
1929 -483
1930 -00:29:02,130 ~-~-> 00:29:05,670
1931 -to see price trade through number three candles high. It
1932 -
1933 -484
1934 -00:29:05,670 ~-~-> 00:29:08,730
1935 -does in fact do it here and we trade through the next day
1936 -
1937 -485
1938 -00:29:08,850 ~-~-> 00:29:11,250
1939 -running previous day's high and it continues that cycle
1940 -
1941 -486
1942 -00:29:11,250 ~-~-> 00:29:17,130
1943 -again. Okay, so all we're doing is monitoring a break in the
1944 -
1945 -487
1946 -00:29:17,130 ~-~-> 00:29:21,180
1947 -swing highs and swing lows, giving us a bias on a daily
1948 -
1949 -488
1950 -00:29:21,180 ~-~-> 00:29:23,640
1951 -chart. Why am I looking forward on a daily chart because
1952 -
1953 -489
1954 -00:29:24,240 ~-~-> 00:29:29,310
1955 -momentum that begins on the daily chart tends to occur and
1956 -
1957 -490
1958 -00:29:29,310 ~-~-> 00:29:34,110
1959 -be lasting for at least a few days, it could be two to five
1960 -
1961 -491
1962 -00:29:34,110 ~-~-> 00:29:37,890
1963 -days in duration. So if we haven't mentum working one side
1964 -
1965 -492
1966 -00:29:37,890 ~-~-> 00:29:41,520
1967 -higher or lower, it tends to stay in that direction for a
1968 -
1969 -493
1970 -00:29:41,520 ~-~-> 00:29:44,190
1971 -period of a few days. And that's all you need to have a
1972 -
1973 -494
1974 -00:29:44,190 ~-~-> 00:29:47,790
1975 -really good scenario for short term trading intraday scalps.
1976 -
1977 -495
1978 -00:29:50,970 ~-~-> 00:29:55,110
1979 -So again, in summary, when we're looking for the swing low,
1980 -
1981 -496
1982 -00:29:55,650 ~-~-> 00:29:59,850
1983 -this is only being stalked or looked for in price action.
1984 -
1985 -497
1986 -00:30:00,000 ~-~-> 00:30:04,020
1987 -Till we see a short term swing high being broken. When that
1988 -
1989 -498
1990 -00:30:04,020 ~-~-> 00:30:07,470
1991 -happens then we start looking for this pattern. Okay? for
1992 -
1993 -499
1994 -00:30:07,470 ~-~-> 00:30:10,740
1995 -daily swing highs, this only is being hunted or stalked in
1996 -
1997 -500
1998 -00:30:10,740 ~-~-> 00:30:14,400
1999 -price action after a swing low has been broken. That gives
2000 -
2001 -501
2002 -00:30:14,400 ~-~-> 00:30:17,790
2003 -us a break in market structures but it's basically giving us
2004 -
2005 -502
2006 -00:30:17,790 ~-~-> 00:30:20,610
2007 -a definition of in the afternoon afterwards, it's gonna be a
2008 -
2009 -503
2010 -00:30:20,610 ~-~-> 00:30:23,460
2011 -retracement and when we see that retracement occur with a
2012 -
2013 -504
2014 -00:30:23,460 ~-~-> 00:30:25,980
2015 -swing high, we know that we can start looking for cells
2016 -
2017 -505
2018 -00:30:26,160 ~-~-> 00:30:29,010
2019 -running out previous day's lows. When we see the swing high
2020 -
2021 -506
2022 -00:30:29,010 ~-~-> 00:30:33,150
2023 -broken, and we find a swing low form later on. We know we
2024 -
2025 -507
2026 -00:30:33,150 ~-~-> 00:30:37,020
2027 -can look for candle number three's highs to be created and
2028 -
2029 -508
2030 -00:30:37,020 ~-~-> 00:30:39,720
2031 -look for the buy stocks to be ran out for intraday scale.
2032 -
2033 -509
2034 -00:30:40,080 ~-~-> 00:30:43,350
2035 -That's a very, very simple approach is very easy. And if
2036 -
2037 -510
2038 -00:30:43,350 ~-~-> 00:30:45,750
2039 -you're not understanding it, just watch this video again, I
2040 -
2041 -511
2042 -00:30:45,750 ~-~-> 00:30:48,390
2043 -promise you you're probably over complicating it, it's not
2044 -
2045 -512
2046 -00:30:48,390 ~-~-> 00:30:53,370
2047 -necessary. So I'm going to focus our attention on this
2048 -
2049 -513
2050 -00:30:53,370 ~-~-> 00:30:56,160
2051 -little segment of price action here in this shaded area. And
2052 -
2053 -514
2054 -00:30:56,160 ~-~-> 00:30:59,070
2055 -we're actually going to walk through on an hourly chart and
2056 -
2057 -515
2058 -00:30:59,100 ~-~-> 00:31:02,070
2059 -look at the crane Work of each one of these respective days
2060 -
2061 -516
2062 -00:31:02,220 ~-~-> 00:31:05,310
2063 -and how it targets liquidity runs on previous day's highs.
2064 -
2065 -517
2066 -00:31:06,360 ~-~-> 00:31:09,060
2067 -Okay, folks, we're looking at the hourly chart at the
2068 -
2069 -518
2070 -00:31:09,060 ~-~-> 00:31:11,400
2071 -beginning of that shaded area that showed on a daily chart
2072 -
2073 -519
2074 -00:31:11,520 ~-~-> 00:31:17,700
2075 -for us CAD. And I want you to just see these lines down
2076 -
2077 -520
2078 -00:31:17,700 ~-~-> 00:31:22,260
2079 -here. Okay, these are just delineating the ICT kills them.
2080 -
2081 -521
2082 -00:31:22,530 ~-~-> 00:31:27,180
2083 -And the red area is delineating specifically aiming at
2084 -
2085 -522
2086 -00:31:27,180 ~-~-> 00:31:30,240
2087 -around two o'clock in the morning to four o'clock in the
2088 -
2089 -523
2090 -00:31:30,240 ~-~-> 00:31:34,350
2091 -morning. New York time, everything I say in terms of time,
2092 -
2093 -524
2094 -00:31:34,800 ~-~-> 00:31:37,260
2095 -you're going to have to translate that in your local time.
2096 -
2097 -525
2098 -00:31:38,490 ~-~-> 00:31:42,480
2099 -Relative to New York time. Okay, so if I say, two o'clock in
2100 -
2101 -526
2102 -00:31:42,480 ~-~-> 00:31:45,150
2103 -the morning, New York time, wherever you're at globally,
2104 -
2105 -527
2106 -00:31:45,150 ~-~-> 00:31:49,350
2107 -just get your self a clock set to New York time, and then
2108 -
2109 -528
2110 -00:31:49,350 ~-~-> 00:31:51,480
2111 -look at that time in reference to your local time and you'll
2112 -
2113 -529
2114 -00:31:51,480 ~-~-> 00:31:54,240
2115 -be able to decipher what it is you have to do and make the
2116 -
2117 -530
2118 -00:31:54,240 ~-~-> 00:31:57,330
2119 -adjustments. I do not want to get in the conversation about
2120 -
2121 -531
2122 -00:31:57,360 ~-~-> 00:31:59,610
2123 -time because it's very confusing for me, admittedly, I've
2124 -
2125 -532
2126 -00:31:59,610 ~-~-> 00:32:03,510
2127 -done this now. Many times in the past and erroneously said
2128 -
2129 -533
2130 -00:32:03,510 ~-~-> 00:32:07,290
2131 -something and confused a reader or viewer. So it's better
2132 -
2133 -534
2134 -00:32:07,290 ~-~-> 00:32:10,890
2135 -for you to just do the work in transferring and converting
2136 -
2137 -535
2138 -00:32:11,100 ~-~-> 00:32:14,220
2139 -your local time into New York time. Okay, so in London is
2140 -
2141 -536
2142 -00:32:14,220 ~-~-> 00:32:17,040
2143 -basically two o'clock to four o'clock in the morning. That's
2144 -
2145 -537
2146 -00:32:17,040 ~-~-> 00:32:20,340
2147 -the sweet spot or the best time to anticipate a higher load
2148 -
2149 -538
2150 -00:32:20,340 ~-~-> 00:32:24,840
2151 -form. And the New York is going to be seven o'clock in the
2152 -
2153 -539
2154 -00:32:24,840 ~-~-> 00:32:27,630
2155 -morning to 10 o'clock in the morning, we'll give you a nice
2156 -
2157 -540
2158 -00:32:27,630 ~-~-> 00:32:31,560
2159 -little window like that. It can be defined as defined in my
2160 -
2161 -541
2162 -00:32:31,560 ~-~-> 00:32:34,410
2163 -tutorials, but for now, just for the sake of this method,
2164 -
2165 -542
2166 -00:32:34,590 ~-~-> 00:32:39,960
2167 -just use those times. Alright, so we have our beginning of
2168 -
2169 -543
2170 -00:32:39,960 ~-~-> 00:32:43,110
2171 -our shaded area when we're looking for bullishness as
2172 -
2173 -544
2174 -00:32:43,110 ~-~-> 00:32:47,130
2175 -defined in the first part of this presentation, and I want
2176 -
2177 -545
2178 -00:32:47,130 ~-~-> 00:32:52,290
2179 -you to look at how price moves running out previous day's
2180 -
2181 -546
2182 -00:32:52,290 ~-~-> 00:32:56,820
2183 -highs. Okay, and here's the previous day's high right here
2184 -
2185 -547
2186 -00:32:57,480 ~-~-> 00:33:01,140
2187 -and I'm gonna try to do this as this Quick as I possibly
2188 -
2189 -548
2190 -00:33:01,140 ~-~-> 00:33:10,020
2191 -can, and keep things moving along but the high on this
2192 -
2193 -549
2194 -00:33:10,020 ~-~-> 00:33:13,950
2195 -particular day here, you can see the start of this candle
2196 -
2197 -550
2198 -00:33:13,950 ~-~-> 00:33:16,380
2199 -here, it starts and really runs through a little bit,
2200 -
2201 -551
2202 -00:33:16,770 ~-~-> 00:33:19,860
2203 -doesn't go by much, but then eventually trades through here.
2204 -
2205 -552
2206 -00:33:20,340 ~-~-> 00:33:23,790
2207 -That in itself, this little move here, that's actually a
2208 -
2209 -553
2210 -00:33:23,790 ~-~-> 00:33:26,790
2211 -trade. It doesn't seem like much it doesn't feel like much,
2212 -
2213 -554
2214 -00:33:26,790 ~-~-> 00:33:28,920
2215 -but that's a trade. And you're probably because your eyes
2216 -
2217 -555
2218 -00:33:28,920 ~-~-> 00:33:31,230
2219 -looking at the benefit of hindsight, you're going to look at
2220 -
2221 -556
2222 -00:33:31,230 ~-~-> 00:33:33,900
2223 -this high in this move down and say, well, that's what I
2224 -
2225 -557
2226 -00:33:33,900 ~-~-> 00:33:36,660
2227 -really want to capture. If you're going to think like that,
2228 -
2229 -558
2230 -00:33:36,660 ~-~-> 00:33:39,180
2231 -about everything I'm going to show you in this tutorials.
2232 -
2233 -559
2234 -00:33:39,480 ~-~-> 00:33:41,940
2235 -I'm not gonna be any help to you, okay, because what you're
2236 -
2237 -560
2238 -00:33:41,940 ~-~-> 00:33:44,370
2239 -gonna be doing is trying to have perfection and I can't
2240 -
2241 -561
2242 -00:33:44,370 ~-~-> 00:33:48,420
2243 -promise and I don't promise, perfection at all I do provide
2244 -
2245 -562
2246 -00:33:48,420 ~-~-> 00:33:51,390
2247 -you resources that's going to help you get better at your
2248 -
2249 -563
2250 -00:33:51,390 ~-~-> 00:33:54,120
2251 -price action analysis. And that's the only thing I promise.
2252 -
2253 -564
2254 -00:33:54,240 ~-~-> 00:33:57,360
2255 -Okay. So we have a low here
2256 -
2257 -565
2258 -00:33:57,660 ~-~-> 00:34:00,510
2259 -and on daily high and the expectations we Want to see the
2260 -
2261 -566
2262 -00:34:00,510 ~-~-> 00:34:04,680
2263 -high be ran out we want to see the the expectation of moving
2264 -
2265 -567
2266 -00:34:04,830 ~-~-> 00:34:07,710
2267 -through this high. Why? Because there's going to be
2268 -
2269 -568
2270 -00:34:07,740 ~-~-> 00:34:11,580
2271 -liquidity above above the high Why? I'm not going into here,
2272 -
2273 -569
2274 -00:34:11,610 ~-~-> 00:34:14,940
2275 -just trust me. The banks make runs on previous day's highs
2276 -
2277 -570
2278 -00:34:14,940 ~-~-> 00:34:16,710
2279 -and lows and if it's bullish, they're going to be targeting
2280 -
2281 -571
2282 -00:34:16,710 ~-~-> 00:34:22,230
2283 -previous day's highs. Okay, so the way we frame our setups
2284 -
2285 -572
2286 -00:34:22,260 ~-~-> 00:34:27,420
2287 -is we use our fib okay and we find a lowest bodied portion
2288 -
2289 -573
2290 -00:34:27,420 ~-~-> 00:34:30,960
2291 -of the candle that's going to be this open here and we drag
2292 -
2293 -574
2294 -00:34:30,960 ~-~-> 00:34:37,740
2295 -that up to here Okay, why he will just jump off that level I
2296 -
2297 -575
2298 -00:34:37,740 ~-~-> 00:34:39,030
2299 -wanted to have it on sorry.
2300 -
2301 -576
2302 -00:34:44,250 ~-~-> 00:34:46,080
2303 -I want to own this candle right here because it's going to
2304 -
2305 -577
2306 -00:34:46,080 ~-~-> 00:34:49,590
2307 -be the highest body before this little retracement. Okay.
2308 -
2309 -578
2310 -00:34:49,890 ~-~-> 00:34:52,290
2311 -And at this point we're going to be anticipating because it
2312 -
2313 -579
2314 -00:34:52,290 ~-~-> 00:34:55,410
2315 -only this briefly violated the previous day's high. We want
2316 -
2317 -580
2318 -00:34:55,410 ~-~-> 00:34:58,020
2319 -to see a retracement our mind is waiting for it to trade
2320 -
2321 -581
2322 -00:34:58,020 ~-~-> 00:35:01,230
2323 -lower. Okay. wants to trade Lower, we're going to be looking
2324 -
2325 -582
2326 -00:35:01,230 ~-~-> 00:35:03,450
2327 -forward to go down into the optimal trade entry. Okay,
2328 -
2329 -583
2330 -00:35:03,450 ~-~-> 00:35:05,820
2331 -that's our price pattern. It doesn't do it until after this
2332 -
2333 -584
2334 -00:35:05,820 ~-~-> 00:35:08,520
2335 -little movement up. Now on a smaller time frame, we could
2336 -
2337 -585
2338 -00:35:08,520 ~-~-> 00:35:10,290
2339 -probably see something in here that's an optimal trade
2340 -
2341 -586
2342 -00:35:10,290 ~-~-> 00:35:13,170
2343 -entry, but I'm gonna say that for volume too, but in here
2344 -
2345 -587
2346 -00:35:13,200 ~-~-> 00:35:17,280
2347 -I'm giving you the big setups for your scalp setup. Okay, so
2348 -
2349 -588
2350 -00:35:17,280 ~-~-> 00:35:20,580
2351 -using an hourly chart, we're going to see it here, and we're
2352 -
2353 -589
2354 -00:35:20,580 ~-~-> 00:35:23,880
2355 -gonna be targeting previous day's high. Now, in this day
2356 -
2357 -590
2358 -00:35:23,880 ~-~-> 00:35:26,790
2359 -when it trades down to the here, we could be targeting a run
2360 -
2361 -591
2362 -00:35:26,790 ~-~-> 00:35:30,630
2363 -back to previous day's high. And now what have we included?
2364 -
2365 -592
2366 -00:35:31,710 ~-~-> 00:35:34,680
2367 -We have a higher high here in the same day, so intraday, we
2368 -
2369 -593
2370 -00:35:34,680 ~-~-> 00:35:38,010
2371 -have a higher high, and we have previous day's high. Both of
2372 -
2373 -594
2374 -00:35:38,010 ~-~-> 00:35:42,450
2375 -these conditions are candidates for a run on liquidity.
2376 -
2377 -595
2378 -00:35:44,040 ~-~-> 00:35:47,040
2379 -Okay, so we have this one, and we have this one. So it's
2380 -
2381 -596
2382 -00:35:47,040 ~-~-> 00:35:50,940
2383 -price trades down here. We want to anticipate a movement
2384 -
2385 -597
2386 -00:35:50,940 ~-~-> 00:35:54,930
2387 -higher to run to this level, which it does here and
2388 -
2389 -598
2390 -00:35:54,930 ~-~-> 00:35:57,450
2391 -eventually back to this hot here, which it doesn't do until
2392 -
2393 -599
2394 -00:35:57,450 ~-~-> 00:36:02,220
2395 -this candle here. Notice That price trades down in the
2396 -
2397 -600
2398 -00:36:02,220 ~-~-> 00:36:05,910
2399 -bodies of the candles respect to 79 cent tradesmen level
2400 -
2401 -601
2402 -00:36:06,630 ~-~-> 00:36:10,920
2403 -okay. Price rallies back up to this high This is why I say
2404 -
2405 -602
2406 -00:36:10,950 ~-~-> 00:36:16,080
2407 -you want to take profit, okay at old highs and your first
2408 -
2409 -603
2410 -00:36:16,080 ~-~-> 00:36:19,800
2411 -scaling here this is target one you can take profit there
2412 -
2413 -604
2414 -00:36:19,830 ~-~-> 00:36:23,280
2415 -notice it never takes the high out yet has to retrace all
2416 -
2417 -605
2418 -00:36:23,280 ~-~-> 00:36:27,120
2419 -the way back down to precisely the same situation again,
2420 -
2421 -606
2422 -00:36:27,480 ~-~-> 00:36:30,480
2423 -then rally through taking out intraday high previous day's
2424 -
2425 -607
2426 -00:36:30,480 ~-~-> 00:36:35,760
2427 -high and again two days ago. Okay. This is your run on
2428 -
2429 -608
2430 -00:36:35,880 ~-~-> 00:36:42,390
2431 -previous day's high liquidity. Now this candle on a daily
2432 -
2433 -609
2434 -00:36:42,390 ~-~-> 00:36:50,100
2435 -basis. It's high is here. same scenario in here. It rallies
2436 -
2437 -610
2438 -00:36:50,130 ~-~-> 00:36:54,030
2439 -up takes out the high, which, again, we're going to have to
2440 -
2441 -611
2442 -00:36:54,030 ~-~-> 00:36:56,070
2443 -see that on the lower timeframe. We're not going to do it in
2444 -
2445 -612
2446 -00:36:56,070 ~-~-> 00:36:58,860
2447 -this volume. But as it runs through we want to see a
2448 -
2449 -613
2450 -00:36:58,860 ~-~-> 00:37:06,630
2451 -retracement Okay, we have the bodies of this run here. Why
2452 -
2453 -614
2454 -00:37:06,630 ~-~-> 00:37:09,150
2455 -am I using this one, because it's the most dynamic and
2456 -
2457 -615
2458 -00:37:09,150 ~-~-> 00:37:13,680
2459 -recent rally. And we want to use it on the highest body open
2460 -
2461 -616
2462 -00:37:13,680 ~-~-> 00:37:20,460
2463 -or close, which is here. Price trades down into the 62%
2464 -
2465 -617
2466 -00:37:20,460 ~-~-> 00:37:23,430
2467 -retracement level, right in here really targeting previous
2468 -
2469 -618
2470 -00:37:23,430 ~-~-> 00:37:27,660
2471 -day's high, which is here. And also now we have an intraday
2472 -
2473 -619
2474 -00:37:27,660 ~-~-> 00:37:31,830
2475 -high here, so we have two reference points to look for. So
2476 -
2477 -620
2478 -00:37:31,830 ~-~-> 00:37:35,100
2479 -we're gonna anticipate the banks making a run on both of
2480 -
2481 -621
2482 -00:37:35,100 ~-~-> 00:37:39,060
2483 -those levels. Initially, it's this one, okay. So on the next
2484 -
2485 -622
2486 -00:37:39,060 ~-~-> 00:37:42,630
2487 -day, it trades back down again, giving you another
2488 -
2489 -623
2490 -00:37:42,630 ~-~-> 00:37:46,500
2491 -opportunity to go long. If you were trading here, you're
2492 -
2493 -624
2494 -00:37:46,500 ~-~-> 00:37:50,220
2495 -outside of the kill zone. Okay, I want you to notice that
2496 -
2497 -625
2498 -00:37:50,820 ~-~-> 00:37:54,450
2499 -every time that we create signal and setup if it overlaps
2500 -
2501 -626
2502 -00:37:54,450 ~-~-> 00:37:57,990
2503 -with one of these colored levels, okay, or lines, that makes
2504 -
2505 -627
2506 -00:37:57,990 ~-~-> 00:38:01,110
2507 -it high probability. If it's a Outside of one of those
2508 -
2509 -628
2510 -00:38:01,320 ~-~-> 00:38:05,250
2511 -shaded time windows, it's less favorable. It doesn't mean it
2512 -
2513 -629
2514 -00:38:05,250 ~-~-> 00:38:09,510
2515 -can't eventually move to profitability. In your demo, it
2516 -
2517 -630
2518 -00:38:09,510 ~-~-> 00:38:14,040
2519 -just means that it's far more likely to occur if it's
2520 -
2521 -631
2522 -00:38:14,100 ~-~-> 00:38:18,090
2523 -occurring during one of these shaded time windows, okay? So,
2524 -
2525 -632
2526 -00:38:18,870 ~-~-> 00:38:22,890
2527 -and again, the blue one here is the New York kill zone, and
2528 -
2529 -633
2530 -00:38:22,890 ~-~-> 00:38:27,030
2531 -the red one is London. So we have a setup here, it trades
2532 -
2533 -634
2534 -00:38:27,030 ~-~-> 00:38:30,330
2535 -back down into optimal trade entry here. And it does so at
2536 -
2537 -635
2538 -00:38:30,330 ~-~-> 00:38:35,040
2539 -the time of New York. Okay, so New York and London both have
2540 -
2541 -636
2542 -00:38:35,040 ~-~-> 00:38:38,370
2543 -an opportunity to create a buying opportunity. London will
2544 -
2545 -637
2546 -00:38:38,370 ~-~-> 00:38:40,650
2547 -give it to you that you probably got stopped out. same
2548 -
2549 -638
2550 -00:38:40,650 ~-~-> 00:38:44,670
2551 -scenario unfolds for New York, New York explodes, runs
2552 -
2553 -639
2554 -00:38:44,670 ~-~-> 00:38:49,500
2555 -through previous day's highs of two days before and previous
2556 -
2557 -640
2558 -00:38:49,500 ~-~-> 00:38:52,290
2559 -day's high here runs right through it. That's the trade It's
2560 -
2561 -641
2562 -00:38:52,320 ~-~-> 00:38:55,380
2563 -over. It's done. There's nothing else to consider. There's
2564 -
2565 -642
2566 -00:38:55,380 ~-~-> 00:38:59,190
2567 -nothing else to worry about. The trade is over. Okay. So now
2568 -
2569 -643
2570 -00:38:59,340 ~-~-> 00:39:03,090
2571 -in here We've had a couple of examples, nice little payouts,
2572 -
2573 -644
2574 -00:39:03,120 ~-~-> 00:39:07,050
2575 -not barn burners, not Grand Slams, but bread and butter
2576 -
2577 -645
2578 -00:39:07,050 ~-~-> 00:39:10,500
2579 -setups nice using one pair in the course of sight inside of
2580 -
2581 -646
2582 -00:39:10,500 ~-~-> 00:39:14,010
2583 -a week. We have nice little setups, and it's given us a
2584 -
2585 -647
2586 -00:39:14,010 ~-~-> 00:39:17,250
2587 -really good opportunity to target a logical level which is a
2588 -
2589 -648
2590 -00:39:17,250 ~-~-> 00:39:21,120
2591 -previous day's high. And under the context of a retracement
2592 -
2593 -649
2594 -00:39:21,120 ~-~-> 00:39:24,990
2595 -to a logical level, which is the fib using a framework of
2596 -
2597 -650
2598 -00:39:26,640 ~-~-> 00:39:30,870
2599 -bodies to bodies in terms of the swing highs and swing lows.
2600 -
2601 -651
2602 -00:39:31,320 ~-~-> 00:39:33,720
2603 -And also as a quick note, have this in your notepad
2604 -
2605 -652
2606 -00:39:34,620 ~-~-> 00:39:37,710
2607 -easy way to go for what swing high and what swing low I draw
2608 -
2609 -653
2610 -00:39:37,710 ~-~-> 00:39:40,740
2611 -my fib from I use session highs and session lows. So
2612 -
2613 -654
2614 -00:39:40,740 ~-~-> 00:39:43,890
2615 -whatever the highest high and low was during London, and or
2616 -
2617 -655
2618 -00:39:43,890 ~-~-> 00:39:46,620
2619 -New York, I use those reference points and then I just use
2620 -
2621 -656
2622 -00:39:46,620 ~-~-> 00:39:50,970
2623 -the body's either the open or close, whichever is the lowest
2624 -
2625 -657
2626 -00:39:50,970 ~-~-> 00:39:53,610
2627 -for the low point of the fifth and the high point is
2628 -
2629 -658
2630 -00:39:53,610 ~-~-> 00:39:56,610
2631 -whatever the highest is the open or the close inside of the
2632 -
2633 -659
2634 -00:39:56,610 ~-~-> 00:40:00,960
2635 -high. Okay. And that's all there is to it. each new day
2636 -
2637 -660
2638 -00:40:00,960 ~-~-> 00:40:03,840
2639 -you're waiting for an opportunity for it to retrace back
2640 -
2641 -661
2642 -00:40:03,840 ~-~-> 00:40:06,840
2643 -down into what would be otherwise standard optimal trade
2644 -
2645 -662
2646 -00:40:06,840 ~-~-> 00:40:11,940
2647 -entry which is 62% 79% trace level but targeting previous
2648 -
2649 -663
2650 -00:40:11,940 ~-~-> 00:40:15,030
2651 -day's highs. Now notice once we hit this previous day's high
2652 -
2653 -664
2654 -00:40:15,030 ~-~-> 00:40:20,040
2655 -here, the mark goes into some of a consolidation. Now we do
2656 -
2657 -665
2658 -00:40:20,040 ~-~-> 00:40:24,270
2659 -get a little bit of a run here but not to the degree where
2660 -
2661 -666
2662 -00:40:24,270 ~-~-> 00:40:28,200
2663 -we can really brag about our go to great lengths to justify
2664 -
2665 -667
2666 -00:40:28,200 ~-~-> 00:40:32,520
2667 -it. We do have a nice retracement here. Okay and I want you
2668 -
2669 -668
2670 -00:40:32,520 ~-~-> 00:40:36,090
2671 -to take a look at that because when we have a retracement of
2672 -
2673 -669
2674 -00:40:36,810 ~-~-> 00:40:42,150
2675 -a day or so that usually puts the cycle back in rotation. So
2676 -
2677 -670
2678 -00:40:42,150 ~-~-> 00:40:45,840
2679 -we have a retracement here price comes back down to 70.5
2680 -
2681 -671
2682 -00:40:45,840 ~-~-> 00:40:48,960
2683 -level which is the sweet spot Oh T. Okay, and it's happening
2684 -
2685 -672
2686 -00:40:48,990 ~-~-> 00:40:52,230
2687 -at the time of New York. So that's a good scenario. We could
2688 -
2689 -673
2690 -00:40:52,230 ~-~-> 00:40:55,860
2691 -see a buy there but look at it rolls over into the next day
2692 -
2693 -674
2694 -00:40:56,040 ~-~-> 00:40:59,340
2695 -in London and hits it again. So your stop would never have
2696 -
2697 -675
2698 -00:40:59,340 ~-~-> 00:41:01,770
2699 -been hit. You're holding on for a long period of time so
2700 -
2701 -676
2702 -00:41:01,770 ~-~-> 00:41:03,990
2703 -this is where it's going to stretch your patience as a
2704 -
2705 -677
2706 -00:41:03,990 ~-~-> 00:41:06,480
2707 -scalper which is the reason why I like being short term
2708 -
2709 -678
2710 -00:41:06,480 ~-~-> 00:41:08,610
2711 -because I knew these are the conditions is most likely gonna
2712 -
2713 -679
2714 -00:41:08,610 ~-~-> 00:41:13,290
2715 -happen hits the 60 to potentially 62% retracement level
2716 -
2717 -680
2718 -00:41:13,320 ~-~-> 00:41:17,730
2719 -rather. And once it hits that in London then it explodes
2720 -
2721 -681
2722 -00:41:17,730 ~-~-> 00:41:20,850
2723 -What's it reaching for? previous day's high it runs through
2724 -
2725 -682
2726 -00:41:20,850 ~-~-> 00:41:24,510
2727 -that with no resistance whatsoever and blows through
2728 -
2729 -683
2730 -00:41:24,990 ~-~-> 00:41:29,250
2731 -previous day's high back here. Okay, so really nice little
2732 -
2733 -684
2734 -00:41:29,250 ~-~-> 00:41:32,400
2735 -opportunity there. And whenever you see a full day's down
2736 -
2737 -685
2738 -00:41:32,400 ~-~-> 00:41:36,660
2739 -close, that's like a big red neon sign say start following
2740 -
2741 -686
2742 -00:41:36,660 ~-~-> 00:41:39,930
2743 -me especially if you're in a bullish scenario that markets
2744 -
2745 -687
2746 -00:41:39,930 ~-~-> 00:41:42,540
2747 -primed to have an optimal trade entry long and start running
2748 -
2749 -688
2750 -00:41:42,540 ~-~-> 00:41:45,480
2751 -out previous day's highs. Okay on this one particular day
2752 -
2753 -689
2754 -00:41:45,480 ~-~-> 00:41:53,820
2755 -here, price moves 3050 almost 70 pips or so. Okay really,
2756 -
2757 -690
2758 -00:41:53,820 ~-~-> 00:41:57,270
2759 -really quickly. And this is all mostly inside of one hour.
2760 -
2761 -691
2762 -00:41:57,570 ~-~-> 00:42:01,200
2763 -Big explosive price move here. That was seen On October 5,
2764 -
2765 -692
2766 -00:42:02,160 ~-~-> 00:42:05,670
2767 -and this continues on, going through price action. And when
2768 -
2769 -693
2770 -00:42:05,670 ~-~-> 00:42:09,750
2771 -we have scenarios that present themselves with the highest
2772 -
2773 -694
2774 -00:42:09,750 ~-~-> 00:42:13,500
2775 -form of probability, and not seeing any breakdown on a daily
2776 -
2777 -695
2778 -00:42:13,500 ~-~-> 00:42:17,490
2779 -chart, it gives us framework context and specifics about
2780 -
2781 -696
2782 -00:42:17,490 ~-~-> 00:42:20,490
2783 -what we're looking for when we're looking for kill zone.
2784 -
2785 -697
2786 -00:42:20,730 ~-~-> 00:42:23,250
2787 -What price level optimal trade entry, what are we targeting
2788 -
2789 -698
2790 -00:42:23,250 ~-~-> 00:42:26,520
2791 -previous day's highs or the day before it. So yesterday's
2792 -
2793 -699
2794 -00:42:26,520 ~-~-> 00:42:30,720
2795 -high or the day before yesterday's high? That's what we're
2796 -
2797 -700
2798 -00:42:30,720 ~-~-> 00:42:33,090
2799 -targeting when we're bullish. Very, very simple approach.
2800 -
2801 -701
2802 -00:42:33,360 ~-~-> 00:42:36,600
2803 -Nothing more to it than that. I'll amplify it in Volume Two,
2804 -
2805 -702
2806 -00:42:36,630 ~-~-> 00:42:40,410
2807 -and I'll wrap it up with concise, more or less a trading
2808 -
2809 -703
2810 -00:42:40,410 ~-~-> 00:42:43,140
2811 -plan in volume three. Hopefully you found this insightful.
2812 -
2813 -704
2814 -00:42:43,230 ~-~-> 00:42:45,270
2815 -Until next time, wish you good luck and good trading.