Mastering High Probability Scalping Vol 1 of 3.srt
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ICT: Hi, folks, welcome to volume 134, mastering high
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probability scalping. Now, this is a video that's going to
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be kept on my YouTube channel. And generally, anything
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that's predominantly linked to just, my youtube channel will
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have this intro. And I'm gonna ask you as the trading
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community to help me out, a lot of times folks will take my
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content and re upload it on their own YouTube channel. And
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if you see that, just let me know. And I'd like to have that
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taken down. I put the work into these presentations. So I'd
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like to be able to get the credit and the benefit of ad
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revenue off of it. So if you see it, let me know and
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appreciate You don't have to be public about it, you can
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send me an email at inner circle trader@gmail.com. I greatly
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appreciate it. Thanks. Alright, so before we begin, I'm
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going to ask you a question, what is high probability
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scalps? Every one of us would have a different definition.
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I'm certain of it. But for me as ICT it's 10 to 30 PIP price
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swings. Now, I don't do a lot of this type of trading. It's
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only recently because I've come back online and it gives me
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an opportunity to give a lot of setups, a lot of results, a
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lot of things to study. I guess it's, you know, probably one
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of the easiest things to get people excited. And I know that
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going in and that's the reason why I adopted this style of
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showcasing our talents. But I don't want you to think this
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is the only way you can trade the markets because it's not
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there's certainly ways you can do a front end of day
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standpoint. But I want you to To know that what I teach has
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consistency, and also has the ability to prove right away
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that the markets are not, in fact, random at all. They're
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very, very organized. They're very specific about where
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they're trying to get to intraday and even on a weekly
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basis, and I would probably argue the point only even longer
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term basis, but I just haven't made my precision that long
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term yet. I don't think I ever will. Personally, it's not my
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cup of tea, I like day trading and short term trading. One
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shot one kills what I'm known for, which is trading the
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weekly range. So daily highs and lows are my specialty and
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weekly highs and lows are my specialty. So I tried to trade
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inside those ranges. And I get the meat or hopefully the
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meat of the move, not trying to get the very high or very
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low, but I know where those parameters are. And as long as I
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haven't met those extremes, I know I have opportunity or
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life in the battery if you will. All right, so we're gonna
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be focused on specific things in this presentation. It's not
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gonna be very Long I want to keep them concise and short.
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And again, it's three volumes. So if any questions come up
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by why you're watching this, it's important every time you
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watch any of my videos, have a notepad in hand, turn the
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radio off, go into a quiet room, listen to what I'm saying,
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because I'm packing 20 plus years of information and
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experience in a very, very small bandwidth. So just write
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down your questions, I'm quite certain that you're gonna be
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able to find the answers to them in future presentations.
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For this one, we'll be highlighting the many opportunities
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in scalping the Forex I'm gonna be teaching you how to learn
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directional bias for higher timeframe institutional
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sponsorship, and I'll explain what that is when we get to
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it. And how to determine the highest probable times of the
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day trade. And we're gonna be learning how to frame high
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probability setups for runs on liquidity. Sounds pretty
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fancy, I know. Alright, so high probability scalping. is an
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example of a high probability scalp and this is in the
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dollar CAD. Now right away some of you are gonna be watching
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this video months and years from the time actually presented
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it. Trust me, I tweeted live and people watched this
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actually be shown to them live okay this actually was a
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weekly high at the time of this presentation but I was
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calling them a weekly and daily Hi. Looking at this specific
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range, everything that's in here is all that is necessary to
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know how to do short term scalping intraday now, because
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it's scalping, there's gonna be times when these setups
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overlap with longer term conditions. Now I'm not teaching
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one shot one kill here. I'm not teaching swing trading or
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position trading, but I will drop that little nugget for you
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to study. It's obviously found in my free tutorials. You can
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find that on my website, the inner circle trader.com As a
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free forum, you can join, join that. It's absolutely free to
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get in there and you can watch all my free tutorials
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that I'm releasing. And you'll also be able to see some
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things I share in trading journal entry. So you know, you
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can give me an opportunity to speak to you by way of how I
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interpret and reflect on what has been seen in the
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marketplace when I take action. Or if I take action, I lose,
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you kind of get a vibe on what it is I've either felt or
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what I was thinking during the day when I was looking at the
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marketplace. But a short term scalp here is a very simple
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approach to running out. previous day's highs are previous
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day's lows. That's all it is. We're targeting by stops above
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the previous day's high or a day or two ago, no words. We're
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always gonna be looking back the last three days. Okay,
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that's your is your range. Okay, you're gonna be looking
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back at the highest high and lowest low in the last three
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days. Now you're counting today as they want. So for
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instance at the time of this recording The day of the week
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is Thursday. So we will be looking at Wednesday's data and
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Tuesday's data, very easy rules, right? So we know what the
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daily high and the low is on Tuesday, and on Wednesday, and
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we're monitoring what's going on intraday for today, that
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would be Thursday at the time of this recording in November
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2 2017. Now, what we're aiming for, is exactly how bank
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traders trade. Now, I know a lot of folks on YouTube claim
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to know certain things and they use a lot of buzzwords, but
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I'm going to show you something that no one else teaches
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because they don't know it. Okay, but I'm going to show you
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in recent weeks, since I've been back on social media,
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everyone's noticing a tone or difference in my presentation.
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It's a lot more concise, a lot more accurate, a lot more
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specific in nature. And that's because I've spent the last
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14 months with people on a day by day basis and I've been
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able to share with them they're really openly about what I
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I've learned over the last 24 plus years, and it's not
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retail, retail things get you into this business. I'm going
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to show you how to leave that stuff behind you and think
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institutionally, that's like my tagline. I want everyone
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that follows me to leave that retail mindset because it's
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not going to help you. In fact, it's actually going to be a
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hindrance or a snare, you're going to find yourself not
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finding consistency at all. And if you ask yourself right
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now, are you consistent? If you're following retail stuff,
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you're probably not using the things I'm gonna teach you in
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this three volumes, you will quickly find consistency. Now,
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I did not say profitability, I cannot promise that some of
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you are going to break the rules. When are you going to do
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things early, so when you're going to do things late, you're
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going to risk too much. Okay? And you're gonna do too many
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things at one time. That's what's gonna cause the adverse
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effect and I don't want to credit for your wins and I don't
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want to credit for your losses set be responsible. It's only
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for informational purposes only All right, so when we look
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at high probability scalping, and this is an hourly chart on
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the dollar CAD, and what I've done is I've highlighted the
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individual daily highs and lows. Now, it's important that
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from a scouting standpoint, your timeframe you're gonna be
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following moon mostly is going to be on the daily, because
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it's going to give you a bias and I'll show you how to do
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that. It's really simple. But for looking for liquidity,
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you're going to be using the hourly chart, because it gives
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us a real nice framework to see where previous day's highs
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or the previous high two days ago, okay, for instance, right
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now at the time of this recording, right over here is this
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Thursday's data in the far right of the chart, okay, and
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yesterday's Wednesday's data, you can see the low it's been
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highlighted here, and the high and then Tuesday's high and
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low. Okay, so I want to draw your attention to the fact that
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we have traded below Wednesday's low today and we've also
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now traded below Tuesday's low. So that to me is a
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significant point. And I'll talk more about that in Volume
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Two. But I want to kind of like bring your attention to it
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right now because it's going to be salient to what we see
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going into tomorrow's trading. Okay. And you'll see all
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that, in hindsight, but I'm drawing your attention to it
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right now. But each day, daily highs and lows, okay, when
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it's bullish when the market is bullish, and I'll show you
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how to define what's bullish and what's bearish. not
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requiring any indicators, no trend lines and moving average
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in the oscillators none of that stuff. Okay, just using
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purely price action only. It's all that's necessary. But
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when we're bullish on price action, we think higher prices
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are an order. Let's say we come to that conclusion right
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away, if we're bullish, and institutional mindset is running
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liquidity on the previous day or previous days prior to
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yesterday's high,
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okay. And the reason why is there's a lot of speculation
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about catching catching highs in the world. Place. Okay. And
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especially if we have a day that saw a retracement the day
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before or two days ago, lower. That means there's going to
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be built in positions that are short. Okay, folks that have
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tried to sell short on the marketplace. They're going to
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want to try to capitalize on movement lower. Where's your
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buy stock going to be above the most recent high what's the
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most recent high yesterday or the day before? Now, why am I
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having you look back two days ago and include today's range,
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because every swing high on a daily chart and every swing
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low is comprised and created by three individual bars. You
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have to be monitoring these daily highs and lows, because
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you want to be able to forecast eventually as I teach you
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involving three swing highs and swing lows before they
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actually materialize and start breaking down because
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sometimes the markets will turn on a dime and they don't
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give you the setup that I'm going to outline in this volume
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one but this is the bread and butter easy way approach. It's
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not going to give you a Let's set up every single trading
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day. And that's exactly what I want you to avoid trying to
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trade every single day. Now, there's a reason to trade a
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demo account every day to practice the setups, but do not
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try to force your Live account into a condition where it
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must trade every single day. Day Trading is not everyday
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trading. So I want you to take a look at one price has moved
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higher every previous day. It's high, it's been violated.
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Okay. Generally, folks won't pay attention that simple
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phenomenon. It's a very simple approach, but it eluded me
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the first six years of my trading. I didn't see this element
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to trading until about six years into my bond trading. Now I
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started as a treasury bond trader, and SMP futures trader,
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those were my two markets of choice either I was in spoos,
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which is SMP or I was trading the Treasury market or bonds.
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I was rarely ever in both because they are basically
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diametrically opposed. Think of it like the dollar index and
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a foreign currency. Okay? I didn't do anything else. I
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didn't trade agricultural anymore. I just focused on those
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two pairs or two pairs, but I focused on those two markets.
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Why? Because I didn't need anything else. If you are
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watching multiple pairs right now, stop, just do it for one
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month, humor me for one month, I promise you, if you give me
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one month, if your time and focusing on one currency pair,
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it doesn't have to be one that I suggest pick one. Any one
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of the majors is cross with $1 I promise you, you will learn
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you'll learn more by doing that then trying to do all these
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other things with other different pairs. If you're trading
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multiple assets, and you're now starting to learn forex,
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stop trading other asset classes and just focus one month
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with me use the information I gave you and again, I
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guarantee you you will understand price far better than you
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ever had before. And it's gonna be very simple approaches.
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So you got me want to guarantee there So now if we're
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bullish, what we want to be thinking about is where price is
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going to be drawn to, okay? That's called the draw. Now,
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when we look for where the markets going to reach for in
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terms of bullishness, it's the previous day's high or an old
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high, that's going to be in the form of buy side liquidity
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or buy stops. So the market will draw up to that level,
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okay? And dip into that liquidity pool, where there's
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existing buy stops. For instance, if you were selling short,
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your buy stop would be above the current market price, at
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what level whatever the previous high was. That's what the
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books tell you, right. So if your stock gets hit, what that
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becomes is a market order to send a buy order right away in
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as a market order. So your buy stop transforms into a market
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order to buy at the market, and the market is going to be
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driven up there. From an algorithmic standpoint. I'm not
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going to get into that here. And I'm not trying convince you
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of it, just just suspend your disbelief if you don't believe
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it's algorithmic in terms of how the markets move, think of
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it as just, you know,
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supply and demand that helps you right now. Okay. But when
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price goes above an old high, it's going there to force
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buyers to come in at a higher price instead of buying low,
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okay, they're forcing buyers to buy at a higher price. So
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smart money has at some point accumulated a position at a
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lower price. And they're driving price up to formulate an
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opportunity or condition for participants to have existing
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orders or real interest at buying at a higher level to be
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forced into or out of positions. Okay, and that's all it's
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all basically framed on. Now, I'm framing this whole
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discussion tonight on the basis of looking for buy side
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liquidity or buy stocks or running out, buy side liquidity
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pools. Okay. So when we're bullish from an institutional
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standpoint What we're looking for is the draw. The draw is
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above where market pricing is now, in the form of old highs.
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Now we're using for scalping, we're using previous day's
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high for a very simple little day trading approach to
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capture 10 to 30 pips inside of one trading day. Now, every
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pair out there does this several times a week. Not every day
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does one singular pair create this condition. So it's
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important you have that your notes, do not anticipate this
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forming every single trading day and say for instance, the
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Euro dollar, okay? If you don't see a setup in euro dollar,
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then once you understand the setup, okay, then you can go
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into other pairs, like pick four majors, okay, maybe a
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cross, and that's like your little basket of currencies and
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you go through that. I'm not inviting you to go through 28
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pairs, okay, don't do that. But you can find a setup that
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I'm going to teach you tonight, every single trading day to
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practice on if you have learned What's gonna be presented to
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you in the first? Well, the first, second and third volume
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completed. Once you understand that and you've practiced for
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at least a month, then you have my permission to go into
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including four majors and across, and then start looking
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like that. And you'll see that there's a setup every single
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trading day. But it's not my invitation or my goal to
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inspire you to try to trade every single day. Don't do that.
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My hope is that you learn to find one or two trades like
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this per week, and then force yourself to be disciplined to
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not trade anymore. Because every time you trade, you're
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opening the invitation to lose money. And the closer you get
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to Friday's close with a losing position, it's just going to
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make your misery make you miserable every weekend. And it's
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nothing worse than having made money in the beginning in a
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week, or sometime during the week and then go in one more
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time and lose it going into the weekend. It's frustrating.
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I've done it many, many times over the last two decades. You
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don't want to do that. It's avoidable once you make money in
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your demo account. Okay. I'm not promising you make them
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live funds. I can I'm not licensed to do that, but I'm
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teaching you how to practice in a demo account. That's all
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I'm doing here. If you use this information in a Live
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00:17:06,420 --> 00:17:10,050
account, it's on you win or lose 100% of the responsibility
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is on you. Okay? So in this hourly chart, we are looking at
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two timeframes the daily, which gives us our bias as I'll
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indicate, and the hourly which sets up where the market is
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going to most likely reach for for the draw. Okay, that's
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where the liquidity pool is. So for bullish again, we're
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looking for an old high to run to, that's it. Very simple
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strategy, nothing more than that. Okay, so now we're looking
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at a daily chart. And I want you to look at the patterns I
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have here, because it's going to be very important to
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understand what these are, because it's going to give us the
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context to define when the market should be bullish and when
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it should be bearish. Over here in the left hand corner,
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this is a swing low and this is a crude depiction. I didn't
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add any color because I just want you to think about the
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00:17:56,730 --> 00:18:00,000
overall pattern itself. Now if any one of these three
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00:18:00,000 --> 00:18:03,390
candles can be up or down close in nature. In other words,
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it can be a bullish candle or bearish candle. All three of
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00:18:06,450 --> 00:18:09,840
these It does not matter. Okay? All we're looking for is the
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00:18:09,840 --> 00:18:14,910
generic formation of these three candles. Okay, one having
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00:18:15,270 --> 00:18:19,530
the lowest, low and a higher low to the left and higher load
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to the right. It's only three candles, three bars needed to
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find this pattern. Okay? If you look at Mt four, there's a
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00:18:28,800 --> 00:18:31,440
little indicator you can click on. It's called a fractal.
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And I really wish they would have never named that and it's
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a Bill Williams thing. I'm not a fan of Bill Williams
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material and I'm not trying to be disrespectful. But what
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I'm teaching you is what I learned from my mentor, Larry
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00:18:42,660 --> 00:18:45,810
Williams. I think he's proven himself. He's made millions of
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dollars and it's documented. You know, he's took 10,000 to
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00:18:49,320 --> 00:18:52,590
over $1 million in 12 months and you can see that on the
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Robins trading contest website. You can see he's no one's
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even come close to his his record but His approach to
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teaching
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00:19:02,220 --> 00:19:05,040
market structure it starts with this simple concept of a
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00:19:05,040 --> 00:19:08,610
swing high swing low. So when we see a swing low, it's three
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00:19:08,700 --> 00:19:14,100
bars or three candles. Okay? Once that forms, what we, in
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the old days, we'll call that would be a ring low. Okay?
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00:19:17,610 --> 00:19:19,710
Because we don't have charts, we had to really just write
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that down in our notebook and the lowest of the three
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candles, or the lowest in recent week or the month, we
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00:19:25,950 --> 00:19:29,130
would, we would put a circle around that that number, okay,
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on their binder. And that's the way it was. It was it was
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like that in the old days. So we would know that that was an
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important low, why because it had a higher low to the right
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of it in the higher low to the left of it. Okay. So when we
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00:19:42,210 --> 00:19:45,570
see this formation on the daily chart, okay, what we're
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00:19:45,570 --> 00:19:50,310
looking for is this to occur after this is important. You
335
00:19:50,310 --> 00:19:55,260
need to anticipate this forming after a swing high has been
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00:19:55,260 --> 00:19:59,430
broken. Now probably just took a huge leap forward and
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00:19:59,430 --> 00:20:02,880
probably last Friday. POV let me say it again. We are only
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00:20:02,880 --> 00:20:07,710
really interested in looking for daily swing lows after a
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00:20:07,710 --> 00:20:11,130
swing high which is a high that has two lower highs on
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00:20:11,130 --> 00:20:14,820
either side of it, okay. All right, we got one daily candle
341
00:20:14,820 --> 00:20:19,590
or bar with yesterday or the previous day's high being lower
342
00:20:19,590 --> 00:20:23,790
than today's and tomorrow's they should have a lower high.
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00:20:24,060 --> 00:20:26,370
Okay, so it's this is what we're seeing a three bar pattern.
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00:20:27,090 --> 00:20:30,570
You wait for this to occur in the price action and if price
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00:20:30,570 --> 00:20:34,200
trades through the swing high, you're now on bullish alert.
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00:20:35,100 --> 00:20:39,690
You wait for the swing low the forum, what you have done is
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00:20:39,690 --> 00:20:43,230
you've waited for institutions to get back in line with the
348
00:20:43,230 --> 00:20:46,230
momentum on a short term basis. And the algorithm once it
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00:20:46,230 --> 00:20:49,110
creates that swing low again after the swing high has been
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broken. Momentum is now bullish, and you're waiting for this
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00:20:52,890 --> 00:20:56,460
short term pattern here. When that happens, your focus is
352
00:20:56,460 --> 00:21:01,020
going to go immediately to the highest Have this number
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00:21:01,020 --> 00:21:04,500
three candle. And I mean, I mean I mean number of these
354
00:21:04,500 --> 00:21:07,740
candles so that way we can track it and know what we're
355
00:21:07,740 --> 00:21:12,540
looking at. So this is for directional bias. These candles
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00:21:12,540 --> 00:21:15,060
now have numbers on them and it's always moving left to
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00:21:15,060 --> 00:21:17,880
right. Number one, candle number two candle number three
358
00:21:17,880 --> 00:21:21,210
candle. What we're doing is we're watching once the daily
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00:21:21,210 --> 00:21:26,580
swing low forms, we want to see the high be traded through
360
00:21:27,090 --> 00:21:31,650
on day number four. Okay, once they are four does that we
361
00:21:31,650 --> 00:21:36,540
know that day number five, we can be looking for a run on
362
00:21:36,540 --> 00:21:41,910
previous day's high liquidity. You can be aggressive once
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00:21:41,910 --> 00:21:46,740
this formation occurs if we open below number three's high
364
00:21:48,000 --> 00:21:51,420
say on door in London or New York if we're below that low
365
00:21:51,570 --> 00:21:53,580
and we have a condition that presents an optimal trade
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00:21:53,580 --> 00:21:56,580
entry. You can go long and look for a run on number three's
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00:21:56,580 --> 00:22:00,840
high for run on liquidity above number three's Buy stops.
368
00:22:01,770 --> 00:22:03,660
That's a little aggressive. And I'll give you rules to do
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00:22:03,660 --> 00:22:06,900
that in volume number three, but tonight, I'm gonna keep it
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00:22:06,900 --> 00:22:11,460
very simple and very, very elementary. So as a recap, what
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00:22:11,460 --> 00:22:14,670
we want to do is we want to see a swing high, this formation
372
00:22:14,670 --> 00:22:20,700
form, and we see that here, okay, we see a swing high, has a
373
00:22:20,700 --> 00:22:23,370
lower high to the left of it a lower high to the right of
374
00:22:23,370 --> 00:22:27,060
it, and we want to see it trade through that high. It does
375
00:22:27,060 --> 00:22:31,470
it here, right here on this large wick candle. When that
376
00:22:31,470 --> 00:22:35,160
happens, we start looking for this formation on daily chart.
377
00:22:36,690 --> 00:22:39,990
It happens right here. Okay, we have a long wick candle has
378
00:22:39,990 --> 00:22:42,390
a higher low to the left of it higher low to the right of
379
00:22:42,390 --> 00:22:45,870
it. And the very next day we want to be looking for runs on
380
00:22:45,900 --> 00:22:50,640
previous day's highs for a resistance of previous day's
381
00:22:50,640 --> 00:22:55,440
high. It's going to give them in the retail world, the false
382
00:22:55,440 --> 00:22:58,380
sense of security that the previous day's highs going to
383
00:22:58,380 --> 00:23:05,430
stop price. Not Going to. So we can see how markets that
384
00:23:05,430 --> 00:23:07,860
have this condition have a tendency to continuously move
385
00:23:07,860 --> 00:23:12,210
higher each day. Look at how the previous day's high is
386
00:23:12,210 --> 00:23:15,180
violated to some degree. Okay, and then when we get these
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00:23:15,180 --> 00:23:18,420
inside days and I'll talk about that in Volume Two, inside
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00:23:18,420 --> 00:23:22,050
days are going to be important, but not so important for the
389
00:23:22,050 --> 00:23:23,700
forefront. First of all, you might want to understand the
390
00:23:23,730 --> 00:23:27,810
basic premise or how we get to directional bias, and why the
391
00:23:27,810 --> 00:23:31,920
swing highs and swing lows are important. So each previous
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00:23:31,920 --> 00:23:36,060
day's high is taken to some degree, every day has a varying
393
00:23:36,300 --> 00:23:39,060
amount of pips, and again, I'm not trying to promote the
394
00:23:39,060 --> 00:23:42,060
idea of knowing exactly how many pips you know, next week is
395
00:23:42,060 --> 00:23:45,180
going to have or three days from now, it's not important
396
00:23:45,450 --> 00:23:47,880
there, there'll be tools and things that you learn going
397
00:23:47,880 --> 00:23:51,090
through to help you get to that. But for now, just be
398
00:23:51,090 --> 00:23:54,660
content with learning the general rules of how to determine
399
00:23:54,660 --> 00:23:58,140
whether the market is bullish or bearish. If you do this,
400
00:23:58,170 --> 00:24:01,380
okay, this is not mentorship level
401
00:24:02,160 --> 00:24:06,240
bias but it is a real quick down and dirty approach. And
402
00:24:06,240 --> 00:24:09,630
this is actually how I learned it the first time in terms of
403
00:24:10,050 --> 00:24:12,870
finding basically daily momentum. It's all it is and it
404
00:24:12,870 --> 00:24:15,570
doesn't require you to have any kind of momentum indicator
405
00:24:15,570 --> 00:24:17,850
to do it. No moving average and all that stuff. Okay, you
406
00:24:17,850 --> 00:24:20,940
can read it just from price. So again, simple rules are we
407
00:24:20,940 --> 00:24:24,630
want to see a swing high broken to the upside. Okay, we see
408
00:24:24,630 --> 00:24:28,290
it here with this swing high. So now we have momentum on the
409
00:24:28,290 --> 00:24:33,300
bullishness pulls back, wait for a swing low to form. That's
410
00:24:33,300 --> 00:24:36,750
this pattern here. And then we start watching number three
411
00:24:36,750 --> 00:24:39,690
is high. Okay, we want to see number three is high be
412
00:24:39,690 --> 00:24:44,340
violated. In this case here. We see it violate right there
413
00:24:44,460 --> 00:24:49,110
with this kind of like a indecisive candle. And then the
414
00:24:49,110 --> 00:24:52,830
very next day, we see what it opens it trades down and then
415
00:24:52,860 --> 00:24:56,790
blasts off through the previous day's high. Now when you
416
00:24:56,790 --> 00:25:00,360
have that type of move, it can happen the following day. It
417
00:25:00,360 --> 00:25:03,630
does, it opens, okay, and trades above the high a little bit
418
00:25:03,630 --> 00:25:05,640
that in itself is a scalp. There's nothing wrong with that
419
00:25:05,640 --> 00:25:09,690
little bit of a move. But I want you to focus on finding one
420
00:25:09,690 --> 00:25:14,340
good setup. So if we have a move like this, chances are I
421
00:25:14,340 --> 00:25:16,620
would probably look at another pair only because I
422
00:25:16,620 --> 00:25:20,040
understand the conditions and I noticed set up. So it may
423
00:25:20,040 --> 00:25:23,100
have burned itself out on one pair, especially if it's a big
424
00:25:23,100 --> 00:25:26,490
move. If it's just a marginal move, then you'll probably see
425
00:25:26,520 --> 00:25:28,470
follow through on the next day and maybe the next day after
426
00:25:28,470 --> 00:25:33,390
that. So we have it again here. It opens. Okay, trades down
427
00:25:33,390 --> 00:25:36,330
a little bit and goes higher, running out the previous day's
428
00:25:36,330 --> 00:25:39,300
high again, and again, that's a trade. That's all it is.
429
00:25:39,300 --> 00:25:42,600
It's a scalp. We are not trying to get the weekly low with
430
00:25:42,600 --> 00:25:44,550
this. We're not trying to get the daily low and hold into
431
00:25:44,550 --> 00:25:47,670
the close. All we're doing is looking for an opportunity to
432
00:25:47,670 --> 00:25:51,120
run out a previous day's high or high from two days ago.
433
00:25:51,720 --> 00:25:54,390
That's the context. That's the premise behind the system.
434
00:25:54,540 --> 00:25:58,860
That's the method. Okay. Why does this work? I'm sure you're
435
00:25:58,860 --> 00:26:01,350
probably asking yourself when you Why is this why does this
436
00:26:01,350 --> 00:26:06,660
have any validity to it? When bank level traders are
437
00:26:06,690 --> 00:26:12,180
working, they are trying to turn over liquidity. Okay. And
438
00:26:12,210 --> 00:26:15,450
what I've just taught you is the draw. Okay, the draw is
439
00:26:15,450 --> 00:26:19,410
previous highs and previous lows. Referencing daily highs
440
00:26:19,410 --> 00:26:23,190
and lows. Banks target those liquidity pools more than
441
00:26:23,190 --> 00:26:27,930
anything else in forex. Don't take my word for it, go
442
00:26:27,930 --> 00:26:29,790
through your charts and you'll see that's exactly what goes
443
00:26:29,790 --> 00:26:35,760
on when you have things that are bearish. Okay, we're gonna
444
00:26:36,000 --> 00:26:40,020
flip the script for a minute. We want to see price trade
445
00:26:40,020 --> 00:26:44,250
below a swing low. Once that occurs, then we start waiting
446
00:26:44,250 --> 00:26:47,370
for swing high to form. Why are we doing that? Because we're
447
00:26:47,370 --> 00:26:51,240
waiting for a retracement, it's going to go to an overbought
448
00:26:51,240 --> 00:26:55,350
condition. We don't need indicators to do that are derive
449
00:26:55,350 --> 00:26:57,720
that information and when we have this short term high here,
450
00:26:58,350 --> 00:27:02,040
or swing high form, we start Watching the daily candle
451
00:27:02,160 --> 00:27:05,520
number three, and we want to see trade through that low. But
452
00:27:05,520 --> 00:27:08,460
does we know that we are in bear territory, and we're
453
00:27:08,460 --> 00:27:11,610
probably going to see each previous day's low be violated.
454
00:27:11,640 --> 00:27:15,360
And that's the setup. That's condition. And that's it seen
455
00:27:15,360 --> 00:27:21,300
here. Okay, we see a swing low, broken here, and then we
456
00:27:21,300 --> 00:27:24,900
wait for a swing high to form. That's here we have a high
457
00:27:25,260 --> 00:27:27,540
with a lower high to the left of it a lower high to the
458
00:27:27,540 --> 00:27:30,660
right of it. We wait for this number three candles low to be
459
00:27:30,660 --> 00:27:33,390
taken out. It does it here. So now what we do is we target a
460
00:27:33,390 --> 00:27:37,140
run on this candles low, it opens trades up creates a high
461
00:27:37,170 --> 00:27:41,910
day and slams them. Okay, that's it. That's the setup. It
462
00:27:41,910 --> 00:27:45,180
doesn't doesn't have a whole lot of sexiness to it. But I'm
463
00:27:45,180 --> 00:27:47,220
telling you right now, it's got a whole lot of consistency
464
00:27:47,220 --> 00:27:50,130
to it. And a lot of you probably don't have any consistency
465
00:27:50,130 --> 00:27:53,070
whatsoever or what you're looking for. And this is a very
466
00:27:53,070 --> 00:27:56,430
easy bread and butter approach. Now again, I am not trying
467
00:27:56,430 --> 00:28:00,000
to package this in a everyday approach for one individual
468
00:28:00,960 --> 00:28:06,570
This works in stocks, it works in futures it works in bonds,
469
00:28:07,050 --> 00:28:11,430
works in just about anything that can trade. So when we have
470
00:28:11,430 --> 00:28:15,450
this momentum on a daily chart, and we know we're either
471
00:28:15,450 --> 00:28:20,880
bullish or bearish, it stays that way until we get a break
472
00:28:21,570 --> 00:28:24,810
in opposing market momentum. I'll give you an example what
473
00:28:24,810 --> 00:28:28,920
that would look like. Here we have a swing low form, and
474
00:28:28,920 --> 00:28:32,160
then price comes down and breaks that swing low that upsets
475
00:28:32,160 --> 00:28:37,200
the momentum at this point, we have to see a short term high
476
00:28:37,200 --> 00:28:41,940
be broken. Okay, short term high has to be broken. And then
477
00:28:41,940 --> 00:28:45,300
we have a here we have a high with a lower high and a lower
478
00:28:45,300 --> 00:28:48,870
high to the right of it. It's broken to the upside here. So
479
00:28:48,870 --> 00:28:51,720
when we have that now we go back in the cycle of looking for
480
00:28:51,720 --> 00:28:57,270
a swing low to swing low forms here. We have a candle to the
481
00:28:57,270 --> 00:28:58,770
left of it that's higher low,
482
00:28:59,100 --> 00:29:02,130
the low In the middle and the next candle is up. So we want
483
00:29:02,130 --> 00:29:05,670
to see price trade through number three candles high. It
484
00:29:05,670 --> 00:29:08,730
does in fact do it here and we trade through the next day
485
00:29:08,850 --> 00:29:11,250
running previous day's high and it continues that cycle
486
00:29:11,250 --> 00:29:17,130
again. Okay, so all we're doing is monitoring a break in the
487
00:29:17,130 --> 00:29:21,180
swing highs and swing lows, giving us a bias on a daily
488
00:29:21,180 --> 00:29:23,640
chart. Why am I looking forward on a daily chart because
489
00:29:24,240 --> 00:29:29,310
momentum that begins on the daily chart tends to occur and
490
00:29:29,310 --> 00:29:34,110
be lasting for at least a few days, it could be two to five
491
00:29:34,110 --> 00:29:37,890
days in duration. So if we haven't mentum working one side
492
00:29:37,890 --> 00:29:41,520
higher or lower, it tends to stay in that direction for a
493
00:29:41,520 --> 00:29:44,190
period of a few days. And that's all you need to have a
494
00:29:44,190 --> 00:29:47,790
really good scenario for short term trading intraday scalps.
495
00:29:50,970 --> 00:29:55,110
So again, in summary, when we're looking for the swing low,
496
00:29:55,650 --> 00:29:59,850
this is only being stalked or looked for in price action.
497
00:30:00,000 --> 00:30:04,020
Till we see a short term swing high being broken. When that
498
00:30:04,020 --> 00:30:07,470
happens then we start looking for this pattern. Okay? for
499
00:30:07,470 --> 00:30:10,740
daily swing highs, this only is being hunted or stalked in
500
00:30:10,740 --> 00:30:14,400
price action after a swing low has been broken. That gives
501
00:30:14,400 --> 00:30:17,790
us a break in market structures but it's basically giving us
502
00:30:17,790 --> 00:30:20,610
a definition of in the afternoon afterwards, it's gonna be a
503
00:30:20,610 --> 00:30:23,460
retracement and when we see that retracement occur with a
504
00:30:23,460 --> 00:30:25,980
swing high, we know that we can start looking for cells
505
00:30:26,160 --> 00:30:29,010
running out previous day's lows. When we see the swing high
506
00:30:29,010 --> 00:30:33,150
broken, and we find a swing low form later on. We know we
507
00:30:33,150 --> 00:30:37,020
can look for candle number three's highs to be created and
508
00:30:37,020 --> 00:30:39,720
look for the buy stocks to be ran out for intraday scale.
509
00:30:40,080 --> 00:30:43,350
That's a very, very simple approach is very easy. And if
510
00:30:43,350 --> 00:30:45,750
you're not understanding it, just watch this video again, I
511
00:30:45,750 --> 00:30:48,390
promise you you're probably over complicating it, it's not
512
00:30:48,390 --> 00:30:53,370
necessary. So I'm going to focus our attention on this
513
00:30:53,370 --> 00:30:56,160
little segment of price action here in this shaded area. And
514
00:30:56,160 --> 00:30:59,070
we're actually going to walk through on an hourly chart and
515
00:30:59,100 --> 00:31:02,070
look at the crane Work of each one of these respective days
516
00:31:02,220 --> 00:31:05,310
and how it targets liquidity runs on previous day's highs.
517
00:31:06,360 --> 00:31:09,060
Okay, folks, we're looking at the hourly chart at the
518
00:31:09,060 --> 00:31:11,400
beginning of that shaded area that showed on a daily chart
519
00:31:11,520 --> 00:31:17,700
for us CAD. And I want you to just see these lines down
520
00:31:17,700 --> 00:31:22,260
here. Okay, these are just delineating the ICT kills them.
521
00:31:22,530 --> 00:31:27,180
And the red area is delineating specifically aiming at
522
00:31:27,180 --> 00:31:30,240
around two o'clock in the morning to four o'clock in the
523
00:31:30,240 --> 00:31:34,350
morning. New York time, everything I say in terms of time,
524
00:31:34,800 --> 00:31:37,260
you're going to have to translate that in your local time.
525
00:31:38,490 --> 00:31:42,480
Relative to New York time. Okay, so if I say, two o'clock in
526
00:31:42,480 --> 00:31:45,150
the morning, New York time, wherever you're at globally,
527
00:31:45,150 --> 00:31:49,350
just get your self a clock set to New York time, and then
528
00:31:49,350 --> 00:31:51,480
look at that time in reference to your local time and you'll
529
00:31:51,480 --> 00:31:54,240
be able to decipher what it is you have to do and make the
530
00:31:54,240 --> 00:31:57,330
adjustments. I do not want to get in the conversation about
531
00:31:57,360 --> 00:31:59,610
time because it's very confusing for me, admittedly, I've
532
00:31:59,610 --> 00:32:03,510
done this now. Many times in the past and erroneously said
533
00:32:03,510 --> 00:32:07,290
something and confused a reader or viewer. So it's better
534
00:32:07,290 --> 00:32:10,890
for you to just do the work in transferring and converting
535
00:32:11,100 --> 00:32:14,220
your local time into New York time. Okay, so in London is
536
00:32:14,220 --> 00:32:17,040
basically two o'clock to four o'clock in the morning. That's
537
00:32:17,040 --> 00:32:20,340
the sweet spot or the best time to anticipate a higher load
538
00:32:20,340 --> 00:32:24,840
form. And the New York is going to be seven o'clock in the
539
00:32:24,840 --> 00:32:27,630
morning to 10 o'clock in the morning, we'll give you a nice
540
00:32:27,630 --> 00:32:31,560
little window like that. It can be defined as defined in my
541
00:32:31,560 --> 00:32:34,410
tutorials, but for now, just for the sake of this method,
542
00:32:34,590 --> 00:32:39,960
just use those times. Alright, so we have our beginning of
543
00:32:39,960 --> 00:32:43,110
our shaded area when we're looking for bullishness as
544
00:32:43,110 --> 00:32:47,130
defined in the first part of this presentation, and I want
545
00:32:47,130 --> 00:32:52,290
you to look at how price moves running out previous day's
546
00:32:52,290 --> 00:32:56,820
highs. Okay, and here's the previous day's high right here
547
00:32:57,480 --> 00:33:01,140
and I'm gonna try to do this as this Quick as I possibly
548
00:33:01,140 --> 00:33:10,020
can, and keep things moving along but the high on this
549
00:33:10,020 --> 00:33:13,950
particular day here, you can see the start of this candle
550
00:33:13,950 --> 00:33:16,380
here, it starts and really runs through a little bit,
551
00:33:16,770 --> 00:33:19,860
doesn't go by much, but then eventually trades through here.
552
00:33:20,340 --> 00:33:23,790
That in itself, this little move here, that's actually a
553
00:33:23,790 --> 00:33:26,790
trade. It doesn't seem like much it doesn't feel like much,
554
00:33:26,790 --> 00:33:28,920
but that's a trade. And you're probably because your eyes
555
00:33:28,920 --> 00:33:31,230
looking at the benefit of hindsight, you're going to look at
556
00:33:31,230 --> 00:33:33,900
this high in this move down and say, well, that's what I
557
00:33:33,900 --> 00:33:36,660
really want to capture. If you're going to think like that,
558
00:33:36,660 --> 00:33:39,180
about everything I'm going to show you in this tutorials.
559
00:33:39,480 --> 00:33:41,940
I'm not gonna be any help to you, okay, because what you're
560
00:33:41,940 --> 00:33:44,370
gonna be doing is trying to have perfection and I can't
561
00:33:44,370 --> 00:33:48,420
promise and I don't promise, perfection at all I do provide
562
00:33:48,420 --> 00:33:51,390
you resources that's going to help you get better at your
563
00:33:51,390 --> 00:33:54,120
price action analysis. And that's the only thing I promise.
564
00:33:54,240 --> 00:33:57,360
Okay. So we have a low here
565
00:33:57,660 --> 00:34:00,510
and on daily high and the expectations we Want to see the
566
00:34:00,510 --> 00:34:04,680
high be ran out we want to see the the expectation of moving
567
00:34:04,830 --> 00:34:07,710
through this high. Why? Because there's going to be
568
00:34:07,740 --> 00:34:11,580
liquidity above above the high Why? I'm not going into here,
569
00:34:11,610 --> 00:34:14,940
just trust me. The banks make runs on previous day's highs
570
00:34:14,940 --> 00:34:16,710
and lows and if it's bullish, they're going to be targeting
571
00:34:16,710 --> 00:34:22,230
previous day's highs. Okay, so the way we frame our setups
572
00:34:22,260 --> 00:34:27,420
is we use our fib okay and we find a lowest bodied portion
573
00:34:27,420 --> 00:34:30,960
of the candle that's going to be this open here and we drag
574
00:34:30,960 --> 00:34:37,740
that up to here Okay, why he will just jump off that level I
575
00:34:37,740 --> 00:34:39,030
wanted to have it on sorry.
576
00:34:44,250 --> 00:34:46,080
I want to own this candle right here because it's going to
577
00:34:46,080 --> 00:34:49,590
be the highest body before this little retracement. Okay.
578
00:34:49,890 --> 00:34:52,290
And at this point we're going to be anticipating because it
579
00:34:52,290 --> 00:34:55,410
only this briefly violated the previous day's high. We want
580
00:34:55,410 --> 00:34:58,020
to see a retracement our mind is waiting for it to trade
581
00:34:58,020 --> 00:35:01,230
lower. Okay. wants to trade Lower, we're going to be looking
582
00:35:01,230 --> 00:35:03,450
forward to go down into the optimal trade entry. Okay,
583
00:35:03,450 --> 00:35:05,820
that's our price pattern. It doesn't do it until after this
584
00:35:05,820 --> 00:35:08,520
little movement up. Now on a smaller time frame, we could
585
00:35:08,520 --> 00:35:10,290
probably see something in here that's an optimal trade
586
00:35:10,290 --> 00:35:13,170
entry, but I'm gonna say that for volume too, but in here
587
00:35:13,200 --> 00:35:17,280
I'm giving you the big setups for your scalp setup. Okay, so
588
00:35:17,280 --> 00:35:20,580
using an hourly chart, we're going to see it here, and we're
589
00:35:20,580 --> 00:35:23,880
gonna be targeting previous day's high. Now, in this day
590
00:35:23,880 --> 00:35:26,790
when it trades down to the here, we could be targeting a run
591
00:35:26,790 --> 00:35:30,630
back to previous day's high. And now what have we included?
592
00:35:31,710 --> 00:35:34,680
We have a higher high here in the same day, so intraday, we
593
00:35:34,680 --> 00:35:38,010
have a higher high, and we have previous day's high. Both of
594
00:35:38,010 --> 00:35:42,450
these conditions are candidates for a run on liquidity.
595
00:35:44,040 --> 00:35:47,040
Okay, so we have this one, and we have this one. So it's
596
00:35:47,040 --> 00:35:50,940
price trades down here. We want to anticipate a movement
597
00:35:50,940 --> 00:35:54,930
higher to run to this level, which it does here and
598
00:35:54,930 --> 00:35:57,450
eventually back to this hot here, which it doesn't do until
599
00:35:57,450 --> 00:36:02,220
this candle here. Notice That price trades down in the
600
00:36:02,220 --> 00:36:05,910
bodies of the candles respect to 79 cent tradesmen level
601
00:36:06,630 --> 00:36:10,920
okay. Price rallies back up to this high This is why I say
602
00:36:10,950 --> 00:36:16,080
you want to take profit, okay at old highs and your first
603
00:36:16,080 --> 00:36:19,800
scaling here this is target one you can take profit there
604
00:36:19,830 --> 00:36:23,280
notice it never takes the high out yet has to retrace all
605
00:36:23,280 --> 00:36:27,120
the way back down to precisely the same situation again,
606
00:36:27,480 --> 00:36:30,480
then rally through taking out intraday high previous day's
607
00:36:30,480 --> 00:36:35,760
high and again two days ago. Okay. This is your run on
608
00:36:35,880 --> 00:36:42,390
previous day's high liquidity. Now this candle on a daily
609
00:36:42,390 --> 00:36:50,100
basis. It's high is here. same scenario in here. It rallies
610
00:36:50,130 --> 00:36:54,030
up takes out the high, which, again, we're going to have to
611
00:36:54,030 --> 00:36:56,070
see that on the lower timeframe. We're not going to do it in
612
00:36:56,070 --> 00:36:58,860
this volume. But as it runs through we want to see a
613
00:36:58,860 --> 00:37:06,630
retracement Okay, we have the bodies of this run here. Why
614
00:37:06,630 --> 00:37:09,150
am I using this one, because it's the most dynamic and
615
00:37:09,150 --> 00:37:13,680
recent rally. And we want to use it on the highest body open
616
00:37:13,680 --> 00:37:20,460
or close, which is here. Price trades down into the 62%
617
00:37:20,460 --> 00:37:23,430
retracement level, right in here really targeting previous
618
00:37:23,430 --> 00:37:27,660
day's high, which is here. And also now we have an intraday
619
00:37:27,660 --> 00:37:31,830
high here, so we have two reference points to look for. So
620
00:37:31,830 --> 00:37:35,100
we're gonna anticipate the banks making a run on both of
621
00:37:35,100 --> 00:37:39,060
those levels. Initially, it's this one, okay. So on the next
622
00:37:39,060 --> 00:37:42,630
day, it trades back down again, giving you another
623
00:37:42,630 --> 00:37:46,500
opportunity to go long. If you were trading here, you're
624
00:37:46,500 --> 00:37:50,220
outside of the kill zone. Okay, I want you to notice that
625
00:37:50,820 --> 00:37:54,450
every time that we create signal and setup if it overlaps
626
00:37:54,450 --> 00:37:57,990
with one of these colored levels, okay, or lines, that makes
627
00:37:57,990 --> 00:38:01,110
it high probability. If it's a Outside of one of those
628
00:38:01,320 --> 00:38:05,250
shaded time windows, it's less favorable. It doesn't mean it
629
00:38:05,250 --> 00:38:09,510
can't eventually move to profitability. In your demo, it
630
00:38:09,510 --> 00:38:14,040
just means that it's far more likely to occur if it's
631
00:38:14,100 --> 00:38:18,090
occurring during one of these shaded time windows, okay? So,
632
00:38:18,870 --> 00:38:22,890
and again, the blue one here is the New York kill zone, and
633
00:38:22,890 --> 00:38:27,030
the red one is London. So we have a setup here, it trades
634
00:38:27,030 --> 00:38:30,330
back down into optimal trade entry here. And it does so at
635
00:38:30,330 --> 00:38:35,040
the time of New York. Okay, so New York and London both have
636
00:38:35,040 --> 00:38:38,370
an opportunity to create a buying opportunity. London will
637
00:38:38,370 --> 00:38:40,650
give it to you that you probably got stopped out. same
638
00:38:40,650 --> 00:38:44,670
scenario unfolds for New York, New York explodes, runs
639
00:38:44,670 --> 00:38:49,500
through previous day's highs of two days before and previous
640
00:38:49,500 --> 00:38:52,290
day's high here runs right through it. That's the trade It's
641
00:38:52,320 --> 00:38:55,380
over. It's done. There's nothing else to consider. There's
642
00:38:55,380 --> 00:38:59,190
nothing else to worry about. The trade is over. Okay. So now
643
00:38:59,340 --> 00:39:03,090
in here We've had a couple of examples, nice little payouts,
644
00:39:03,120 --> 00:39:07,050
not barn burners, not Grand Slams, but bread and butter
645
00:39:07,050 --> 00:39:10,500
setups nice using one pair in the course of sight inside of
646
00:39:10,500 --> 00:39:14,010
a week. We have nice little setups, and it's given us a
647
00:39:14,010 --> 00:39:17,250
really good opportunity to target a logical level which is a
648
00:39:17,250 --> 00:39:21,120
previous day's high. And under the context of a retracement
649
00:39:21,120 --> 00:39:24,990
to a logical level, which is the fib using a framework of
650
00:39:26,640 --> 00:39:30,870
bodies to bodies in terms of the swing highs and swing lows.
651
00:39:31,320 --> 00:39:33,720
And also as a quick note, have this in your notepad
652
00:39:34,620 --> 00:39:37,710
easy way to go for what swing high and what swing low I draw
653
00:39:37,710 --> 00:39:40,740
my fib from I use session highs and session lows. So
654
00:39:40,740 --> 00:39:43,890
whatever the highest high and low was during London, and or
655
00:39:43,890 --> 00:39:46,620
New York, I use those reference points and then I just use
656
00:39:46,620 --> 00:39:50,970
the body's either the open or close, whichever is the lowest
657
00:39:50,970 --> 00:39:53,610
for the low point of the fifth and the high point is
658
00:39:53,610 --> 00:39:56,610
whatever the highest is the open or the close inside of the
659
00:39:56,610 --> 00:40:00,960
high. Okay. And that's all there is to it. each new day
660
00:40:00,960 --> 00:40:03,840
you're waiting for an opportunity for it to retrace back
661
00:40:03,840 --> 00:40:06,840
down into what would be otherwise standard optimal trade
662
00:40:06,840 --> 00:40:11,940
entry which is 62% 79% trace level but targeting previous
663
00:40:11,940 --> 00:40:15,030
day's highs. Now notice once we hit this previous day's high
664
00:40:15,030 --> 00:40:20,040
here, the mark goes into some of a consolidation. Now we do
665
00:40:20,040 --> 00:40:24,270
get a little bit of a run here but not to the degree where
666
00:40:24,270 --> 00:40:28,200
we can really brag about our go to great lengths to justify
667
00:40:28,200 --> 00:40:32,520
it. We do have a nice retracement here. Okay and I want you
668
00:40:32,520 --> 00:40:36,090
to take a look at that because when we have a retracement of
669
00:40:36,810 --> 00:40:42,150
a day or so that usually puts the cycle back in rotation. So
670
00:40:42,150 --> 00:40:45,840
we have a retracement here price comes back down to 70.5
671
00:40:45,840 --> 00:40:48,960
level which is the sweet spot Oh T. Okay, and it's happening
672
00:40:48,990 --> 00:40:52,230
at the time of New York. So that's a good scenario. We could
673
00:40:52,230 --> 00:40:55,860
see a buy there but look at it rolls over into the next day
674
00:40:56,040 --> 00:40:59,340
in London and hits it again. So your stop would never have
675
00:40:59,340 --> 00:41:01,770
been hit. You're holding on for a long period of time so
676
00:41:01,770 --> 00:41:03,990
this is where it's going to stretch your patience as a
677
00:41:03,990 --> 00:41:06,480
scalper which is the reason why I like being short term
678
00:41:06,480 --> 00:41:08,610
because I knew these are the conditions is most likely gonna
679
00:41:08,610 --> 00:41:13,290
happen hits the 60 to potentially 62% retracement level
680
00:41:13,320 --> 00:41:17,730
rather. And once it hits that in London then it explodes
681
00:41:17,730 --> 00:41:20,850
What's it reaching for? previous day's high it runs through
682
00:41:20,850 --> 00:41:24,510
that with no resistance whatsoever and blows through
683
00:41:24,990 --> 00:41:29,250
previous day's high back here. Okay, so really nice little
684
00:41:29,250 --> 00:41:32,400
opportunity there. And whenever you see a full day's down
685
00:41:32,400 --> 00:41:36,660
close, that's like a big red neon sign say start following
686
00:41:36,660 --> 00:41:39,930
me especially if you're in a bullish scenario that markets
687
00:41:39,930 --> 00:41:42,540
primed to have an optimal trade entry long and start running
688
00:41:42,540 --> 00:41:45,480
out previous day's highs. Okay on this one particular day
689
00:41:45,480 --> 00:41:53,820
here, price moves 3050 almost 70 pips or so. Okay really,
690
00:41:53,820 --> 00:41:57,270
really quickly. And this is all mostly inside of one hour.
691
00:41:57,570 --> 00:42:01,200
Big explosive price move here. That was seen On October 5,
692
00:42:02,160 --> 00:42:05,670
and this continues on, going through price action. And when
693
00:42:05,670 --> 00:42:09,750
we have scenarios that present themselves with the highest
694
00:42:09,750 --> 00:42:13,500
form of probability, and not seeing any breakdown on a daily
695
00:42:13,500 --> 00:42:17,490
chart, it gives us framework context and specifics about
696
00:42:17,490 --> 00:42:20,490
what we're looking for when we're looking for kill zone.
697
00:42:20,730 --> 00:42:23,250
What price level optimal trade entry, what are we targeting
698
00:42:23,250 --> 00:42:26,520
previous day's highs or the day before it. So yesterday's
699
00:42:26,520 --> 00:42:30,720
high or the day before yesterday's high? That's what we're
700
00:42:30,720 --> 00:42:33,090
targeting when we're bullish. Very, very simple approach.
701
00:42:33,360 --> 00:42:36,600
Nothing more to it than that. I'll amplify it in Volume Two,
702
00:42:36,630 --> 00:42:40,410
and I'll wrap it up with concise, more or less a trading
703
00:42:40,410 --> 00:42:43,140
plan in volume three. Hopefully you found this insightful.
704
00:42:43,230 --> 00:42:45,270
Until next time, wish you good luck and good trading.