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Version 1.1 by Drunk Monkey on 2020-11-20 16:44
Show last authors
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3 ICT: Hi, folks, welcome to volume 134, mastering high
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7 probability scalping. Now, this is a video that's going to
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11 be kept on my YouTube channel. And generally, anything
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15 that's predominantly linked to just, my youtube channel will
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19 have this intro. And I'm gonna ask you as the trading
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23 community to help me out, a lot of times folks will take my
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27 content and re upload it on their own YouTube channel. And
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31 if you see that, just let me know. And I'd like to have that
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35 taken down. I put the work into these presentations. So I'd
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39 like to be able to get the credit and the benefit of ad
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43 revenue off of it. So if you see it, let me know and
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47 appreciate You don't have to be public about it, you can
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51 send me an email at inner circle trader@gmail.com. I greatly
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55 appreciate it. Thanks. Alright, so before we begin, I'm
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59 going to ask you a question, what is high probability
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63 scalps? Every one of us would have a different definition.
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67 I'm certain of it. But for me as ICT it's 10 to 30 PIP price
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71 swings. Now, I don't do a lot of this type of trading. It's
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75 only recently because I've come back online and it gives me
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79 an opportunity to give a lot of setups, a lot of results, a
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83 lot of things to study. I guess it's, you know, probably one
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87 of the easiest things to get people excited. And I know that
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91 going in and that's the reason why I adopted this style of
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95 showcasing our talents. But I don't want you to think this
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99 is the only way you can trade the markets because it's not
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103 there's certainly ways you can do a front end of day
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107 standpoint. But I want you to To know that what I teach has
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111 consistency, and also has the ability to prove right away
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115 that the markets are not, in fact, random at all. They're
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119 very, very organized. They're very specific about where
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123 they're trying to get to intraday and even on a weekly
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127 basis, and I would probably argue the point only even longer
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131 term basis, but I just haven't made my precision that long
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135 term yet. I don't think I ever will. Personally, it's not my
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139 cup of tea, I like day trading and short term trading. One
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143 shot one kills what I'm known for, which is trading the
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147 weekly range. So daily highs and lows are my specialty and
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151 weekly highs and lows are my specialty. So I tried to trade
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155 inside those ranges. And I get the meat or hopefully the
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159 meat of the move, not trying to get the very high or very
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163 low, but I know where those parameters are. And as long as I
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167 haven't met those extremes, I know I have opportunity or
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171 life in the battery if you will. All right, so we're gonna
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175 be focused on specific things in this presentation. It's not
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179 gonna be very Long I want to keep them concise and short.
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183 And again, it's three volumes. So if any questions come up
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187 by why you're watching this, it's important every time you
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191 watch any of my videos, have a notepad in hand, turn the
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195 radio off, go into a quiet room, listen to what I'm saying,
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199 because I'm packing 20 plus years of information and
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203 experience in a very, very small bandwidth. So just write
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207 down your questions, I'm quite certain that you're gonna be
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211 able to find the answers to them in future presentations.
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215 For this one, we'll be highlighting the many opportunities
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219 in scalping the Forex I'm gonna be teaching you how to learn
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223 directional bias for higher timeframe institutional
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227 sponsorship, and I'll explain what that is when we get to
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231 it. And how to determine the highest probable times of the
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235 day trade. And we're gonna be learning how to frame high
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239 probability setups for runs on liquidity. Sounds pretty
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243 fancy, I know. Alright, so high probability scalping. is an
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247 example of a high probability scalp and this is in the
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251 dollar CAD. Now right away some of you are gonna be watching
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255 this video months and years from the time actually presented
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259 it. Trust me, I tweeted live and people watched this
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263 actually be shown to them live okay this actually was a
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267 weekly high at the time of this presentation but I was
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271 calling them a weekly and daily Hi. Looking at this specific
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275 range, everything that's in here is all that is necessary to
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279 know how to do short term scalping intraday now, because
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283 it's scalping, there's gonna be times when these setups
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287 overlap with longer term conditions. Now I'm not teaching
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291 one shot one kill here. I'm not teaching swing trading or
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295 position trading, but I will drop that little nugget for you
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299 to study. It's obviously found in my free tutorials. You can
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303 find that on my website, the inner circle trader.com As a
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307 free forum, you can join, join that. It's absolutely free to
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311 get in there and you can watch all my free tutorials
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315 that I'm releasing. And you'll also be able to see some
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319 things I share in trading journal entry. So you know, you
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323 can give me an opportunity to speak to you by way of how I
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327 interpret and reflect on what has been seen in the
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331 marketplace when I take action. Or if I take action, I lose,
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335 you kind of get a vibe on what it is I've either felt or
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339 what I was thinking during the day when I was looking at the
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343 marketplace. But a short term scalp here is a very simple
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347 approach to running out. previous day's highs are previous
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351 day's lows. That's all it is. We're targeting by stops above
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355 the previous day's high or a day or two ago, no words. We're
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359 always gonna be looking back the last three days. Okay,
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363 that's your is your range. Okay, you're gonna be looking
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367 back at the highest high and lowest low in the last three
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371 days. Now you're counting today as they want. So for
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375 instance at the time of this recording The day of the week
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379 is Thursday. So we will be looking at Wednesday's data and
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383 Tuesday's data, very easy rules, right? So we know what the
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387 daily high and the low is on Tuesday, and on Wednesday, and
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391 we're monitoring what's going on intraday for today, that
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395 would be Thursday at the time of this recording in November
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399 2 2017. Now, what we're aiming for, is exactly how bank
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403 traders trade. Now, I know a lot of folks on YouTube claim
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407 to know certain things and they use a lot of buzzwords, but
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411 I'm going to show you something that no one else teaches
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415 because they don't know it. Okay, but I'm going to show you
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419 in recent weeks, since I've been back on social media,
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423 everyone's noticing a tone or difference in my presentation.
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427 It's a lot more concise, a lot more accurate, a lot more
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431 specific in nature. And that's because I've spent the last
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435 14 months with people on a day by day basis and I've been
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439 able to share with them they're really openly about what I
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443 I've learned over the last 24 plus years, and it's not
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447 retail, retail things get you into this business. I'm going
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451 to show you how to leave that stuff behind you and think
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455 institutionally, that's like my tagline. I want everyone
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459 that follows me to leave that retail mindset because it's
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463 not going to help you. In fact, it's actually going to be a
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467 hindrance or a snare, you're going to find yourself not
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471 finding consistency at all. And if you ask yourself right
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475 now, are you consistent? If you're following retail stuff,
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479 you're probably not using the things I'm gonna teach you in
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483 this three volumes, you will quickly find consistency. Now,
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487 I did not say profitability, I cannot promise that some of
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491 you are going to break the rules. When are you going to do
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495 things early, so when you're going to do things late, you're
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499 going to risk too much. Okay? And you're gonna do too many
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503 things at one time. That's what's gonna cause the adverse
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507 effect and I don't want to credit for your wins and I don't
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511 want to credit for your losses set be responsible. It's only
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515 for informational purposes only All right, so when we look
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519 at high probability scalping, and this is an hourly chart on
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523 the dollar CAD, and what I've done is I've highlighted the
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527 individual daily highs and lows. Now, it's important that
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531 from a scouting standpoint, your timeframe you're gonna be
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535 following moon mostly is going to be on the daily, because
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539 it's going to give you a bias and I'll show you how to do
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543 that. It's really simple. But for looking for liquidity,
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547 you're going to be using the hourly chart, because it gives
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551 us a real nice framework to see where previous day's highs
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555 or the previous high two days ago, okay, for instance, right
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559 now at the time of this recording, right over here is this
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563 Thursday's data in the far right of the chart, okay, and
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567 yesterday's Wednesday's data, you can see the low it's been
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571 highlighted here, and the high and then Tuesday's high and
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575 low. Okay, so I want to draw your attention to the fact that
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579 we have traded below Wednesday's low today and we've also
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583 now traded below Tuesday's low. So that to me is a
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587 significant point. And I'll talk more about that in Volume
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591 Two. But I want to kind of like bring your attention to it
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595 right now because it's going to be salient to what we see
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599 going into tomorrow's trading. Okay. And you'll see all
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603 that, in hindsight, but I'm drawing your attention to it
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607 right now. But each day, daily highs and lows, okay, when
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611 it's bullish when the market is bullish, and I'll show you
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615 how to define what's bullish and what's bearish. not
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619 requiring any indicators, no trend lines and moving average
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623 in the oscillators none of that stuff. Okay, just using
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627 purely price action only. It's all that's necessary. But
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631 when we're bullish on price action, we think higher prices
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635 are an order. Let's say we come to that conclusion right
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639 away, if we're bullish, and institutional mindset is running
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643 liquidity on the previous day or previous days prior to
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647 yesterday's high,
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651 okay. And the reason why is there's a lot of speculation
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655 about catching catching highs in the world. Place. Okay. And
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659 especially if we have a day that saw a retracement the day
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663 before or two days ago, lower. That means there's going to
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667 be built in positions that are short. Okay, folks that have
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671 tried to sell short on the marketplace. They're going to
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675 want to try to capitalize on movement lower. Where's your
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679 buy stock going to be above the most recent high what's the
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683 most recent high yesterday or the day before? Now, why am I
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687 having you look back two days ago and include today's range,
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691 because every swing high on a daily chart and every swing
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695 low is comprised and created by three individual bars. You
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699 have to be monitoring these daily highs and lows, because
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703 you want to be able to forecast eventually as I teach you
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707 involving three swing highs and swing lows before they
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711 actually materialize and start breaking down because
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715 sometimes the markets will turn on a dime and they don't
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719 give you the setup that I'm going to outline in this volume
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723 one but this is the bread and butter easy way approach. It's
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727 not going to give you a Let's set up every single trading
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731 day. And that's exactly what I want you to avoid trying to
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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.