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These are the user uploaded subtitles that are being translated: 1 00:00:44,960 --> 00:00:45,710 Okay folks. 2 00:00:45,860 --> 00:00:46,519 Welcome back. 3 00:00:46,670 --> 00:00:51,769 This is module 2nd of December, 2000 sixteens teachings 4 00:00:51,769 --> 00:00:52,940 from the ICT mentorship. 5 00:00:53,660 --> 00:00:57,019 When we're talking about reinforcing liquidity concepts and price delivery. 6 00:00:59,209 --> 00:00:59,540 Okay. 7 00:00:59,569 --> 00:01:03,200 First on the menu today is going to be external range liquidity. 8 00:01:03,440 --> 00:01:07,100 The current trading range will have buy-side liquidity above the range high. 9 00:01:11,685 --> 00:01:15,134 Current trading range, we'll have sell side liquidity below the range 10 00:01:15,164 --> 00:01:23,085 or low runs on liquidity, seek to pair orders with pending order liquidity, 11 00:01:23,625 --> 00:01:25,425 which is inform of and liquidity pool. 12 00:01:28,215 --> 00:01:29,024 External range. 13 00:01:29,024 --> 00:01:32,375 Liquidity runs can be low resistance or high resistance. 14 00:01:33,645 --> 00:01:37,604 You as a trader, you want your trades to be in low resistance conditions. 15 00:01:37,935 --> 00:01:40,995 In other words, you don't want to have any resistance in your path to profitability. 16 00:01:45,465 --> 00:01:47,475 Secondly, we have internal range of liquidity 17 00:01:50,685 --> 00:01:54,225 when the current trading range is likely to remain liquidity, voids will fill 18 00:01:54,225 --> 00:01:56,565 in, and this is associated with gap. 19 00:01:59,025 --> 00:02:03,255 And when current trading range is likely to remain fair value gaps will also 20 00:02:03,255 --> 00:02:06,285 fill in and it's attributed to gap risk. 21 00:02:07,125 --> 00:02:10,425 Now, gap risk is nothing more than simply when the market quickly 22 00:02:10,905 --> 00:02:14,415 reprices to a level where there was very little or no treading. 23 00:02:14,805 --> 00:02:18,345 So in other words, when we see a liquidity run to close in a range where 24 00:02:18,345 --> 00:02:23,085 there's only like one candle where a long candle, uh, usually that's a gap. 25 00:02:23,954 --> 00:02:24,315 Okay. 26 00:02:24,315 --> 00:02:29,025 And whenever you're in a long and you have a big gap underneath you, that's gap risk. 27 00:02:29,355 --> 00:02:32,954 So the market sometimes will many times reprice aggressively 28 00:02:33,195 --> 00:02:34,635 the close in those ranges. 29 00:02:34,725 --> 00:02:38,925 And that's what usually starts with you out as a, as a trader, we look 30 00:02:38,925 --> 00:02:42,704 for them as opportunities, uh, order blocks inside the trading range will 31 00:02:42,704 --> 00:02:47,475 be populated with new buys and or sells market maker, buy and sell 32 00:02:47,475 --> 00:02:49,725 models will form inside trading ranges. 33 00:02:53,380 --> 00:02:57,430 Okay folks, let's take a look at external range, liquidity 34 00:02:57,430 --> 00:02:58,840 and internal range liquidity. 35 00:02:59,380 --> 00:03:03,670 And the difference between two and Allie can utilize both. 36 00:03:06,560 --> 00:03:06,740 Okay. 37 00:03:06,740 --> 00:03:08,450 We have a old high back here. 38 00:03:12,070 --> 00:03:12,370 Okay. 39 00:03:12,430 --> 00:03:16,210 And we have an old area of consolidation or equilibrium. 40 00:03:16,210 --> 00:03:18,220 It's about halfway from the little. 41 00:03:19,125 --> 00:03:22,695 Up to this high price sweeps above this old high here. 42 00:03:23,835 --> 00:03:27,795 And that will be a form of external range liquidity because it's outside the 43 00:03:27,795 --> 00:03:30,255 range from this high in the lowest form. 44 00:03:30,255 --> 00:03:33,765 So that was the range prior to 45 00:03:37,695 --> 00:03:42,975 the new breakout above this high seen here to price. 46 00:03:43,455 --> 00:03:46,095 At this point, we know we have the equilibrium down. 47 00:03:47,325 --> 00:03:50,385 But more importantly, we have clean blows right below there. 48 00:03:51,375 --> 00:03:57,494 Say, we look for a move, take a potentially come down to that level. 49 00:04:12,765 --> 00:04:13,154 Okay. 50 00:04:13,244 --> 00:04:15,105 And price starts to drop. 51 00:04:17,349 --> 00:04:18,159 Trading down. 52 00:04:18,550 --> 00:04:22,659 Now what it's doing is it's pulling back inside of all these up candles. 53 00:04:23,890 --> 00:04:24,130 Okay. 54 00:04:24,130 --> 00:04:28,630 So once we cleared the old high, we would expect some measure of retracement. 55 00:04:29,680 --> 00:04:32,050 And when the retracement occurs, where we're looking for, it's, 56 00:04:32,050 --> 00:04:35,200 where's the most logical area for it to pull back down into. 57 00:04:35,230 --> 00:04:39,190 Now, if you look at this candle here, we have a previous up candle, 58 00:04:39,580 --> 00:04:41,650 rather large candle, and we have. 59 00:04:45,469 --> 00:04:46,640 This candle has a WIC. 60 00:04:46,669 --> 00:04:49,940 So at one point, this candle opened, traded lower. 61 00:04:50,119 --> 00:04:53,119 So there was a pass through on the range between both of 62 00:04:53,119 --> 00:04:54,289 these candles in this area. 63 00:04:55,280 --> 00:04:57,890 So the delivery of price was on the up move here. 64 00:04:57,890 --> 00:05:00,919 And then down on this one, even though it was an up-close, it was 65 00:05:00,919 --> 00:05:02,630 offered twice all through that range. 66 00:05:04,250 --> 00:05:08,090 So at the top of this candle here, and it's, it's open on the next one. 67 00:05:08,479 --> 00:05:10,299 That's where I would expect to see a measure. 68 00:05:11,235 --> 00:05:12,195 Short-term bounce. 69 00:05:17,745 --> 00:05:18,135 Okay. 70 00:05:18,225 --> 00:05:26,235 And price traits here stalls a little bit and go straight through it comes back. 71 00:05:26,265 --> 00:05:28,095 Retest that same level in here. 72 00:05:28,515 --> 00:05:28,935 Okay. 73 00:05:28,995 --> 00:05:29,595 Right in here. 74 00:05:29,945 --> 00:05:32,295 And it ultimately comes down and clears out these equal lows. 75 00:05:34,185 --> 00:05:38,585 Now, what I want you to look for is at this moment right here, where it is. 76 00:05:39,750 --> 00:05:43,830 The next level of liquidity, because we've already traded below this low 77 00:05:43,830 --> 00:05:50,489 here now in reference to the low here and to high up here, which we 78 00:05:50,489 --> 00:05:57,940 now have to redefine has the high, the stops below these lows in here. 79 00:05:58,390 --> 00:06:02,080 Would that be a representative in the form of external range, 80 00:06:02,080 --> 00:06:03,479 liquidity or internal range? 81 00:06:08,545 --> 00:06:12,715 And the context from this high to this low it's internal range 82 00:06:12,715 --> 00:06:20,755 liquidity, but from this low to this high it's external range liquidity, 83 00:06:21,085 --> 00:06:22,615 because it's piercing it down here. 84 00:06:23,515 --> 00:06:26,635 Not words, we created a range from this low to this high. 85 00:06:27,985 --> 00:06:30,775 So we expect this range to be given. 86 00:06:31,650 --> 00:06:32,970 And run the stops out here. 87 00:06:33,930 --> 00:06:34,920 Once that's done. 88 00:06:34,980 --> 00:06:39,780 If we are going to go higher and bounce higher or trade higher, or you make a 89 00:06:39,780 --> 00:06:42,510 new high here, we don't ever know that. 90 00:06:43,110 --> 00:06:44,640 Uh, we look for the areas of liquidity. 91 00:06:44,700 --> 00:06:47,040 So we know there's a, uh, up candle here 92 00:06:53,860 --> 00:06:54,850 to the human reference database. 93 00:06:56,210 --> 00:06:56,450 Yep. 94 00:06:56,450 --> 00:07:01,370 Candle, not the black one here up candle that opening on measuring that 95 00:07:02,420 --> 00:07:04,130 opening price and extended the in time. 96 00:07:04,610 --> 00:07:06,110 And what else do you see on this chart? 97 00:07:11,490 --> 00:07:16,560 See this candle Swick in this candle is a wick in between their price 98 00:07:16,560 --> 00:07:18,000 was only delivered on the downside. 99 00:07:19,020 --> 00:07:20,490 So we have a fair value. 100 00:07:22,230 --> 00:07:25,650 So if we start to trade higher, we can expect to see the market. 101 00:07:25,710 --> 00:07:28,680 Want to reach up into that 1 0 6 50 level. 102 00:07:29,250 --> 00:07:32,820 If it trades through this screen candle or up candle, it's going to want to 103 00:07:32,820 --> 00:07:35,280 reach up into the high of this candle. 104 00:07:36,240 --> 00:07:43,530 1 14 55 and the low at 1 15 95. 105 00:07:44,220 --> 00:07:48,510 So we can use 1 15 91 15. 106 00:07:51,685 --> 00:07:59,695 Or we could use a 1 14 55 or 1 14 60, any one of those levels would be a nice, but 107 00:07:59,695 --> 00:08:07,385 this would be what, from this high down to this new low, if we see I'm referencing 108 00:08:07,405 --> 00:08:08,945 the lows over here, that was cleaned out. 109 00:08:08,945 --> 00:08:12,395 Not that I'm drawing it to anything I'm extending out, keeping you mindful. 110 00:08:12,395 --> 00:08:12,965 That's the range. 111 00:08:12,995 --> 00:08:14,965 Cause we cleared up these lows, but this new. 112 00:08:15,945 --> 00:08:17,354 And now this highs the high. 113 00:08:17,715 --> 00:08:21,284 So the range that we're trading in now is this low and this high. 114 00:08:22,635 --> 00:08:29,204 So if we see price trade up, we would expect it to reach up into one, a 6 25. 115 00:08:33,534 --> 00:08:36,895 If it gets through the up candle, we would be expecting it to trade up into 116 00:08:36,895 --> 00:08:38,454 this area here, closing that range. 117 00:08:39,235 --> 00:08:41,395 And then ultimately he could trade as high as. 118 00:08:45,025 --> 00:08:49,495 This candle is low one eighteen eighty six. 119 00:08:49,495 --> 00:08:53,425 So we'll call it one eighteen eighty five to one money at 1890. 120 00:09:00,345 --> 00:09:00,705 Okay. 121 00:09:01,125 --> 00:09:05,775 So inside this range, from this low to this high, we would be aiming 122 00:09:05,775 --> 00:09:07,365 for internal range liquidity. 123 00:09:12,050 --> 00:09:18,829 Price trades all the way up, right into the shaded area here, right there. 124 00:09:20,360 --> 00:09:24,770 Now, because we're looking at a monthly chart of the Japanese yen. 125 00:09:27,350 --> 00:09:30,319 We're going to drop down into a daily timeframe and we're going to 126 00:09:30,319 --> 00:09:34,130 see how those levels, I'm sorry, we're gonna drop into a weekly chart. 127 00:09:36,829 --> 00:09:37,939 I'm going to show how these levels. 128 00:09:38,970 --> 00:09:40,860 Affected price action and the delivery. 129 00:09:42,060 --> 00:09:47,250 So we have that fair value gap, a little bit more refined. 130 00:09:47,250 --> 00:09:50,250 You can see the wick we're here and the Wicker here, so we can adjust 131 00:09:50,250 --> 00:09:56,670 that and refine it a little bit more so that we can have the exact area 132 00:09:56,670 --> 00:09:58,680 of which price we'll look to fill in. 133 00:09:59,040 --> 00:10:01,620 It's only on this down candle price was delivered on the sell side. 134 00:10:01,980 --> 00:10:03,510 No upside's been offered until now. 135 00:10:03,510 --> 00:10:04,320 We're starting to see it. 136 00:10:05,340 --> 00:10:05,640 Okay. 137 00:10:05,670 --> 00:10:13,380 So every time the market creates a trading range going lower, you want 138 00:10:13,380 --> 00:10:17,490 to mark off the previous high and the new low, and when price trades back 139 00:10:17,520 --> 00:10:19,230 up, you're trading inside that range. 140 00:10:19,530 --> 00:10:22,860 So if you trade short at a bearish order block, which is the last up candle, 141 00:10:23,430 --> 00:10:27,570 that's going to be a return to internal range liquidity, but you're going to be 142 00:10:27,570 --> 00:10:33,030 looking for external range liquidity to exit on which is to stop below the line. 143 00:10:34,805 --> 00:10:37,385 Price runs down, hits that that's where you would look to exit. 144 00:10:39,005 --> 00:10:45,155 Predominantly my entries are internal range, liquidity entries with 145 00:10:45,185 --> 00:10:47,465 exits at external range liquidity. 146 00:10:47,915 --> 00:10:50,615 In other words, I'm buying inside the range and selling it outside the range. 147 00:10:50,615 --> 00:10:51,335 Once it breaks it. 148 00:10:52,835 --> 00:10:56,975 If I am in sync with the marketplace and I know what direction it wants 149 00:10:56,975 --> 00:10:59,975 to go, and we're framing that based on the monthly chart here. 150 00:11:00,215 --> 00:11:01,955 So you're going to see the benefits of doing what I'm doing here. 151 00:11:03,255 --> 00:11:07,965 If I'm looking for it to go higher relative to the monthly chart, anytime 152 00:11:07,965 --> 00:11:12,194 that the market comes down below a short term low, I can be a buyer of 153 00:11:12,194 --> 00:11:18,615 that on short term, external range, liquidity, or buying up stops, but the 154 00:11:18,615 --> 00:11:25,005 expectations range will continue going higher seeking monthly internal range 155 00:11:25,005 --> 00:11:26,505 liquidity in the form of this fair value. 156 00:11:28,200 --> 00:11:32,280 And I'm probably confusing some of you that are listening 157 00:11:32,280 --> 00:11:33,390 very attentively I'm sure. 158 00:11:33,900 --> 00:11:37,920 But the point he wants you to understand on a hard timeframe 159 00:11:37,920 --> 00:11:38,970 where the market wants to go. 160 00:11:39,720 --> 00:11:43,470 You'll be able to frame your trade setups as we dropped down into a daily. 161 00:11:43,950 --> 00:11:44,280 Okay. 162 00:11:44,760 --> 00:11:45,750 So we can see the daily chart. 163 00:11:47,550 --> 00:11:47,790 Mark. 164 00:11:47,790 --> 00:11:51,720 It creates small area of institutional order flow comes down and hits that 165 00:11:51,720 --> 00:11:53,730 same order block rallies through. 166 00:11:53,790 --> 00:11:57,390 Now, watch what happens in the grand scheme of things on the monthly range. 167 00:11:57,420 --> 00:12:02,310 We are trading every time we create a new high, higher, higher, higher 168 00:12:02,760 --> 00:12:09,120 here and here and here each time make a new high that is a run on external 169 00:12:09,150 --> 00:12:15,180 range liquidity on this timeframe being the daily, but on the monthly. 170 00:12:16,155 --> 00:12:19,875 It's still internal range liquidity because your distance out of a 171 00:12:19,885 --> 00:12:25,305 larger monthly range, when we understand where the Moffitt and 172 00:12:25,305 --> 00:12:26,895 the weekly are trying to trade to. 173 00:12:28,305 --> 00:12:33,165 When we look at daily setups like this, this creates the recipe. 174 00:12:33,165 --> 00:12:38,895 If you will, low resistance liquidity runs because you're trading in sync 175 00:12:38,895 --> 00:12:42,045 with a monthly where the monthly we'll most likely want to see price go up. 176 00:12:43,065 --> 00:12:47,655 So every time I run above an old high is expected, that's going to be framed 177 00:12:47,655 --> 00:12:49,485 as a low resistance liquidity run. 178 00:12:51,165 --> 00:12:56,235 Every time we see this, you can see how price reacts to it. 179 00:13:00,495 --> 00:13:07,935 Very little resistance on the part of price to get through these levels. 180 00:13:12,350 --> 00:13:13,430 Because it has an agenda. 181 00:13:13,430 --> 00:13:16,430 It wants to get to a specific price level relative to a hard 182 00:13:16,430 --> 00:13:19,280 timeframe because the funds trade on a monthly and a weekly basis. 183 00:13:19,970 --> 00:13:23,600 So if we can keep that in context and frame our trades with this idea, 184 00:13:24,110 --> 00:13:27,980 we will always be able to classify a trade, whether if it's a high resistance 185 00:13:27,980 --> 00:13:29,300 or a low resistance liquidity run. 186 00:13:30,110 --> 00:13:34,610 So if we dropped down into a four hour chart, we can see the highs being ran out. 187 00:13:34,670 --> 00:13:37,160 Every high has very little difficult to get. 188 00:13:38,310 --> 00:13:42,810 Because it's framed on low resistance, liquidity runs based on the higher 189 00:13:42,810 --> 00:13:48,720 timeframe monthly, you can't even see the range at which the monthly has that fair 190 00:13:48,720 --> 00:13:53,030 value gap in this high's broken through. 191 00:13:53,569 --> 00:13:54,350 No problem. 192 00:13:55,640 --> 00:13:57,680 This high here broken through. 193 00:13:57,709 --> 00:13:58,400 No problem. 194 00:13:59,180 --> 00:14:00,890 This high here broken through. 195 00:14:00,900 --> 00:14:04,400 No problem now was a small little consolidation, but ultimately it runs 196 00:14:04,400 --> 00:14:05,930 aggressively and it's going to reach. 197 00:14:06,944 --> 00:14:07,905 These highs here. 198 00:14:09,435 --> 00:14:12,974 I get questions so many times about how I know where the market's going to be 199 00:14:12,974 --> 00:14:14,834 reaching for us for specific buy stocks. 200 00:14:14,834 --> 00:14:17,714 When we do our live session, this is how I do it. 201 00:14:18,194 --> 00:14:23,744 I use the hard time-frame institutional order flow to frame out where 202 00:14:23,744 --> 00:14:27,045 internal range liquidity is and where external range liquidity is. 203 00:14:27,135 --> 00:14:28,305 Where's the buy stops. 204 00:14:28,755 --> 00:14:31,844 And what kind of stop or what kind of entry am I using? 205 00:14:32,204 --> 00:14:34,364 And how does it align with the higher time? 206 00:14:36,795 --> 00:14:44,705 The market trades down, clears out, some stops in here, gaps down below on the 207 00:14:44,705 --> 00:14:50,345 election, closes in this range back down to a previous bullish or block rallies 208 00:14:50,345 --> 00:14:54,485 through and hits the old high over here. 209 00:14:54,545 --> 00:14:59,795 All these highs are cleared out there and ultimately takes off and runs out another 210 00:14:59,795 --> 00:15:01,145 old high, which was the mountain moment. 211 00:15:01,995 --> 00:15:02,295 Okay. 212 00:15:02,385 --> 00:15:08,565 All through here and ultimately trades up into that monthly fair value gap. 213 00:15:10,005 --> 00:15:15,615 Once we cleared this high here and we cleared this high here, we came 214 00:15:15,615 --> 00:15:17,865 back and created a, um, a gap. 215 00:15:18,345 --> 00:15:22,725 We created a gap here, came down and closed in the gap and then 216 00:15:22,725 --> 00:15:27,045 ultimately aggressively ran right up into that monthly fair value gap. 217 00:15:28,425 --> 00:15:30,615 So what I want you to look at is every single time. 218 00:15:31,530 --> 00:15:36,719 The market all through here every single time it gave a retracement, 219 00:15:38,099 --> 00:15:39,089 this is a four hour chart. 220 00:15:39,089 --> 00:15:43,829 So we're going to go down into a 15 minute chart and this is like the days. 221 00:15:44,550 --> 00:15:44,819 Okay. 222 00:15:44,819 --> 00:15:49,349 And I want you to look at how price responds when it gives you a new range. 223 00:15:50,219 --> 00:15:50,490 Okay. 224 00:15:50,520 --> 00:15:56,370 Got I love here in a high price trades down into the previous order block, 225 00:15:56,939 --> 00:15:58,260 whereas external range liquidity. 226 00:16:01,090 --> 00:16:05,110 So you're buying an internal Quip internal range liquidity with the expectation. 227 00:16:05,110 --> 00:16:08,530 You're going to see price move to the outside of the range 228 00:16:08,590 --> 00:16:09,940 created by this little move here. 229 00:16:10,300 --> 00:16:14,410 So that's your range of trading in for the setup, the exits here, but 230 00:16:14,410 --> 00:16:15,640 do you collapse your entire trade? 231 00:16:15,670 --> 00:16:19,480 No, you're looking for the ranges to take out. 232 00:16:21,265 --> 00:16:25,495 All these highs in here, we get another rally and then retracement. 233 00:16:26,065 --> 00:16:26,275 Okay. 234 00:16:26,275 --> 00:16:28,135 So it's the last down candle, right? 235 00:16:28,135 --> 00:16:30,655 For the up move price trades back down into it. 236 00:16:30,715 --> 00:16:33,595 They populate more buys on that order block. 237 00:16:34,285 --> 00:16:38,365 Whereas the external range liquidity at above this high here 238 00:16:39,115 --> 00:16:41,515 and over here, it runs through it. 239 00:16:43,085 --> 00:16:44,425 Small little consolidation. 240 00:16:44,845 --> 00:16:49,285 We rally away comes back down into the down candle repopulate. 241 00:16:50,235 --> 00:16:50,985 By orders. 242 00:16:51,525 --> 00:16:54,405 What's it going to run for that monthly fair value gap? 243 00:16:54,585 --> 00:16:55,365 Look at the reaction. 244 00:16:55,365 --> 00:16:59,415 Once it gets up in here, lots of profit taking lots of it right 245 00:16:59,415 --> 00:17:01,875 in here, ultimately comes back and starts to trade a bit higher. 246 00:17:01,875 --> 00:17:07,785 I think it's indicative of probably seeing a little bit more, uh, a rally when we 247 00:17:07,785 --> 00:17:14,385 open up on Sunday, but going back even further, you can see every single time the 248 00:17:14,385 --> 00:17:16,875 market creates a nice impulse price swing. 249 00:17:17,835 --> 00:17:19,035 We have a nice impulse price swing. 250 00:17:20,339 --> 00:17:21,180 Comes back down. 251 00:17:21,510 --> 00:17:26,010 But with shorter block, external range, liquidity comes down and hits 252 00:17:26,100 --> 00:17:31,200 this order block again, here rallies through comes back consolidation 253 00:17:31,620 --> 00:17:34,200 eventually presses through clearing out the external range liquidity 254 00:17:34,200 --> 00:17:35,850 here, or the biceps above the highs. 255 00:17:37,200 --> 00:17:40,770 The range that's created from this low up to this high, the 256 00:17:40,770 --> 00:17:43,920 down candle B trades back into it. 257 00:17:45,975 --> 00:17:49,545 Rallies away now, all this is what you're gonna have to sit in. 258 00:17:49,545 --> 00:17:50,655 If you're a position trader. 259 00:17:52,245 --> 00:17:56,415 Well, ultimately if you give it time, all it's going to do is it's going to 260 00:17:56,415 --> 00:18:00,855 return back to a previous order block here, like it did here and recapitalize 261 00:18:00,855 --> 00:18:04,725 more buy orders because it's a long-term objective to get up to here. 262 00:18:05,775 --> 00:18:06,305 So they're going to have. 263 00:18:07,395 --> 00:18:11,565 By some here, buy some more here, let some time go by and then come back 264 00:18:11,565 --> 00:18:13,725 down to it again, buy more of it again. 265 00:18:13,755 --> 00:18:15,045 And one more time. 266 00:18:15,165 --> 00:18:19,005 And then ultimately runs away because they have their position built, averaging 267 00:18:19,005 --> 00:18:23,625 around 1 13 50 to 1 13 25 in that area. 268 00:18:29,584 --> 00:18:36,334 Many many examples of low resistance liquidity runs on the dollar. 269 00:18:36,365 --> 00:18:40,594 Again, we have a low price rallies up comes back down. 270 00:18:40,895 --> 00:18:45,725 Previous order block run from this load to where external range 271 00:18:45,725 --> 00:18:48,215 liquidity by stops runs about here. 272 00:18:48,754 --> 00:18:50,014 Same thing here we have a. 273 00:18:50,985 --> 00:18:53,055 Price runs away from this consolidation. 274 00:18:53,175 --> 00:18:54,615 Why am I not using this low Michael? 275 00:18:55,035 --> 00:18:56,685 Because this is a consolidation in here. 276 00:18:57,825 --> 00:19:00,405 Price moves away from that comes back down, hits the previous 277 00:19:00,405 --> 00:19:02,865 order block here, rallies away. 278 00:19:02,865 --> 00:19:07,605 What's it going to one for external range liquidity here, running up. 279 00:19:08,235 --> 00:19:08,595 Okay. 280 00:19:09,405 --> 00:19:14,475 You're looking to buy with internal range liquidity or at a bull shorter 281 00:19:14,475 --> 00:19:19,575 block inside of a previous range and trying to take profit at an old high or. 282 00:19:21,105 --> 00:19:24,855 While you're in sync with the higher timeframe, directional bias 283 00:19:25,185 --> 00:19:26,655 based on institutional order flow. 284 00:19:27,075 --> 00:19:32,115 Like we described earlier with the monthly ranges and looking for this fair value gap 285 00:19:32,145 --> 00:19:36,315 on the monthly chart, because just like any other timeframe, the market's going 286 00:19:36,315 --> 00:19:38,085 to want to efficiently deliver price. 287 00:19:38,775 --> 00:19:39,675 If there's no. 288 00:19:40,965 --> 00:19:45,015 Uh, trading up in this fair value gets, it's been shown on the monthly chart 289 00:19:45,165 --> 00:19:46,395 that we have shaded up here in led. 290 00:19:46,545 --> 00:19:49,515 I guess it's like an orange, red color. 291 00:19:50,775 --> 00:19:53,895 The, uh, they're going to want to drive price up to that level. 292 00:19:54,255 --> 00:19:56,475 So anytime they can carry a new buying opportunity that they're going 293 00:19:56,475 --> 00:19:59,985 to build more of a position on you have a nice liquidity void in here. 294 00:20:00,375 --> 00:20:03,405 Price comes down and fills that in aggressively ones away. 295 00:20:07,875 --> 00:20:09,615 The range here from this low up to this. 296 00:20:10,635 --> 00:20:15,345 It comes back down and retreats back into the bull shoulder block by on internal 297 00:20:15,345 --> 00:20:17,295 rings, liquidity or bull shoulder pocket. 298 00:20:17,295 --> 00:20:21,645 The expectation of unloading external rings, liquidity above the range high 299 00:20:21,645 --> 00:20:23,835 here, price trades above it here. 300 00:20:26,775 --> 00:20:28,165 Many, many examples of. 301 00:20:29,205 --> 00:20:31,965 Two or three a week where you can see the setups. 302 00:20:31,995 --> 00:20:33,945 They offer us an opportunity. 303 00:20:33,945 --> 00:20:36,524 And even on a pair, I don't even like to trade in the dollar yen. 304 00:20:37,215 --> 00:20:40,185 We have a range here from the low up to this high trades, back down 305 00:20:40,185 --> 00:20:41,685 to previous bullish order block. 306 00:20:42,495 --> 00:20:48,195 You can buy here with the expectation of seeing a range expansion to exit on a 307 00:20:48,405 --> 00:20:54,985 external range, liquidity or buy stock, because we're looking for buys only. 308 00:20:57,540 --> 00:21:01,530 We're gonna be looking for any type of impulse price swings up than a retracement 309 00:21:01,530 --> 00:21:03,420 back down into a previous order block. 310 00:21:04,380 --> 00:21:09,930 If we don't see any ranges that create new buying opportunities, 311 00:21:10,380 --> 00:21:12,030 we can target Lowe's. 312 00:21:12,300 --> 00:21:14,520 So you can go through the marketplace and find all of the 313 00:21:14,520 --> 00:21:22,000 swing lows and wait for price the trade through them on a downside. 314 00:21:23,110 --> 00:21:23,680 And when they do that, 315 00:21:27,705 --> 00:21:28,365 They're doing what? 316 00:21:30,105 --> 00:21:33,735 Picking up orders, taking late new lungs. 317 00:21:34,545 --> 00:21:37,775 Like you see here right here, 318 00:21:44,415 --> 00:21:44,925 right here. 319 00:21:47,325 --> 00:21:49,155 Any other time, it's a rally away. 320 00:21:49,165 --> 00:21:51,945 Comes back to the produce bullets over block rallies away. 321 00:21:51,945 --> 00:21:52,785 It comes back to the previous. 322 00:21:55,095 --> 00:21:59,505 Rallies down in to a previous order block, more consolidation takes the 323 00:21:59,505 --> 00:22:01,785 stops and then runs above claim. 324 00:22:01,785 --> 00:22:02,745 These equal highs out. 325 00:22:04,305 --> 00:22:05,625 I don't need to draw this and it's already there. 326 00:22:06,405 --> 00:22:09,735 Equal lows takes the stops rallies away. 327 00:22:11,205 --> 00:22:15,495 So the type of trader you are going to be is going to be based on 328 00:22:15,495 --> 00:22:17,295 what you see easily in the charts. 329 00:22:17,295 --> 00:22:18,765 You're going to see either turtles. 330 00:22:19,710 --> 00:22:24,210 And you're going to be looking for buying upsells stops or selling buy stops. 331 00:22:25,680 --> 00:22:29,490 Where are you going to be looking for a return back to fair value where you're 332 00:22:29,490 --> 00:22:35,550 looking to trade inside the range or buying internal range liquidity, and by 333 00:22:35,550 --> 00:22:41,190 framing the marketplace in either one of those two disciplines, you'll have 334 00:22:41,190 --> 00:22:42,810 no problem going in and finding setups. 335 00:22:43,590 --> 00:22:47,580 It's not that you have to find a set up every single day, but you will find it. 336 00:22:48,825 --> 00:22:51,675 Once a week, that's all you're looking for and you're looking 337 00:22:51,675 --> 00:22:52,815 for one set up per week. 338 00:22:53,385 --> 00:22:56,295 So I'm going to zoom out to the hourly. 339 00:22:58,035 --> 00:23:01,055 I'm going to scroll back from the time at which price did 340 00:23:01,055 --> 00:23:02,145 trade up into the objective. 341 00:23:02,175 --> 00:23:07,575 Based on the monthly chart, we had a nice buying opportunity here on Monday, 342 00:23:08,625 --> 00:23:10,845 and it was a Thursday by as well. 343 00:23:12,045 --> 00:23:18,675 Uh, we have a Monday by a nice, uh, It looks like a cross over into Tuesday. 344 00:23:19,215 --> 00:23:20,415 Nice buying opportunity here. 345 00:23:20,835 --> 00:23:24,225 Definitely a Wednesday by and the previous order block here. 346 00:23:28,395 --> 00:23:30,375 Nice by, on Tuesday here on this week. 347 00:23:33,615 --> 00:23:43,135 Nice by on Tuesday here and on Thursday, this is the election. 348 00:23:43,165 --> 00:23:44,004 So we're not gonna talk about that. 349 00:23:45,825 --> 00:23:47,804 We were on the sidelines for that period. 350 00:23:47,804 --> 00:23:49,845 So we would not have been looking for anything on that. 351 00:23:51,284 --> 00:23:51,495 Okay. 352 00:23:51,495 --> 00:23:54,345 So we have a nice little bio on Monday. 353 00:23:54,645 --> 00:23:58,245 I turned back to the previous bullet or block, and then we have a 354 00:23:58,304 --> 00:24:01,395 Wednesday by scenario in here as well, 355 00:24:05,925 --> 00:24:07,335 running a stops here. 356 00:24:07,395 --> 00:24:07,754 I want a. 357 00:24:09,910 --> 00:24:11,380 So think about this. 358 00:24:11,920 --> 00:24:14,020 If you know, your higher timeframe, monthly chart is 359 00:24:14,020 --> 00:24:16,570 calling for a run higher on price. 360 00:24:17,110 --> 00:24:21,280 And we talked about this months ago when a dollar main bullish and 361 00:24:21,730 --> 00:24:23,770 dollar Yan should be going higher. 362 00:24:24,610 --> 00:24:29,860 And if we know that there's a retracement taking place or a correction, if you will, 363 00:24:29,860 --> 00:24:32,170 in the market's trading lower our Mo. 364 00:24:33,300 --> 00:24:34,260 Shifts to, okay. 365 00:24:34,260 --> 00:24:36,660 Where are the cell stops that they're reaching for it? 366 00:24:36,660 --> 00:24:41,400 Because underlying the market pinnings are bullish for dollar yen. 367 00:24:42,180 --> 00:24:47,160 So if the market's predisposed to go higher, but it's dropping, we don't 368 00:24:47,160 --> 00:24:50,670 say, okay, well, I'm not looking at that pair or I'm not looking at that market, 369 00:24:51,150 --> 00:24:52,950 which you SU be dealing is, is okay. 370 00:24:52,980 --> 00:24:55,230 I'm going to be looking for external range. 371 00:24:57,145 --> 00:25:00,055 On the timeframe I'm using right now is the hourly chart. 372 00:25:00,505 --> 00:25:04,015 You mean looking for anytime the market's trading lower, if it's trading lower, 373 00:25:04,435 --> 00:25:06,775 where's the lows it's trying to breach. 374 00:25:07,195 --> 00:25:10,075 Where's it going below here and here. 375 00:25:11,185 --> 00:25:14,455 So if we know that they're going to be expecting what a 376 00:25:14,455 --> 00:25:15,955 reaction, their quick reaction. 377 00:25:16,770 --> 00:25:20,250 Not just hang down there and just meander around. 378 00:25:20,610 --> 00:25:22,470 We want to see it go down there and then show a willingness 379 00:25:22,470 --> 00:25:23,430 to go back away from it. 380 00:25:23,460 --> 00:25:26,520 When it does that, it's tipping your hand, then you just wait 381 00:25:26,520 --> 00:25:27,540 for a bullshitter shorter block. 382 00:25:27,660 --> 00:25:30,000 It won't, it won't always happen right away. 383 00:25:30,570 --> 00:25:33,240 Like this one gave one that's pretty, uh, pretty nice. 384 00:25:33,240 --> 00:25:35,160 It came, created a down candle. 385 00:25:35,670 --> 00:25:39,630 It was created with this Caleb preach, preaching this candle high. 386 00:25:39,990 --> 00:25:42,720 So now this down candle becomes a shorter block. 387 00:25:43,290 --> 00:25:45,030 So anytime we trade back down into. 388 00:25:45,780 --> 00:25:49,290 The range, which is here, we can be a buyer, but this 389 00:25:49,290 --> 00:25:51,510 new down candle here, okay. 390 00:25:51,580 --> 00:25:56,100 Gives us another opportunity to expect another return back to this candle, which 391 00:25:56,100 --> 00:26:01,350 it never does here, but it creates another down candle here then say hits it here. 392 00:26:01,470 --> 00:26:02,370 So there's a buy. 393 00:26:02,460 --> 00:26:04,800 So you had to wait a little bit and now it's only hours. 394 00:26:04,810 --> 00:26:08,070 Each one of these candles is an hour to the very next day you get another buy 395 00:26:08,190 --> 00:26:10,980 here and here we see price global, low. 396 00:26:10,980 --> 00:26:13,200 This low runs, this stuff. 397 00:26:14,115 --> 00:26:15,105 It runs the stats. 398 00:26:15,195 --> 00:26:15,405 Okay. 399 00:26:15,524 --> 00:26:16,185 It stay down there. 400 00:26:16,245 --> 00:26:17,504 No, it quickly runs away. 401 00:26:17,745 --> 00:26:17,955 Okay. 402 00:26:17,955 --> 00:26:20,985 Now we wait, what do we wait for price to come back down and to the last down 403 00:26:20,985 --> 00:26:23,805 candle here we look for the return. 404 00:26:23,805 --> 00:26:24,645 Back to that range. 405 00:26:25,185 --> 00:26:27,375 Does it want to run after it takes this low? 406 00:26:27,405 --> 00:26:31,815 Certainly in once the run runs higher and every time it takes out a new high 407 00:26:32,145 --> 00:26:36,615 it's showing willingness to go higher, it's giving us a confirmation that 408 00:26:36,615 --> 00:26:38,595 there's underlying strength in this. 409 00:26:40,155 --> 00:26:44,325 Even if there's going to be like steep declines like this, this is all in the 410 00:26:44,325 --> 00:26:47,595 heels going into, uh, uh, the election. 411 00:26:47,595 --> 00:26:49,155 Again, I can't stress this enough. 412 00:26:49,635 --> 00:26:51,705 That's the reason why I was on the sidelines the entire 413 00:26:51,795 --> 00:26:53,715 first two weeks of November. 414 00:26:53,715 --> 00:26:57,225 I just didn't want to be trading because of the potential 415 00:26:57,225 --> 00:26:58,665 fallout or the uncertainty. 416 00:26:59,565 --> 00:27:00,675 And that's okay with me. 417 00:27:00,675 --> 00:27:03,345 I have no problem being on the sidelines for a short period of time. 418 00:27:03,375 --> 00:27:04,335 It allows me clarity. 419 00:27:06,900 --> 00:27:11,550 Um, we had a really nice spot here on Wednesday of that week and is 420 00:27:11,550 --> 00:27:14,280 pointing out the salient price swings that took place each week. 421 00:27:15,090 --> 00:27:18,750 We had a nice buy on the Wednesday here, and we had nice bio on 422 00:27:18,810 --> 00:27:20,940 a Friday for a position entry. 423 00:27:22,320 --> 00:27:24,720 Nice retracement here, real aggressive retrace. 424 00:27:24,720 --> 00:27:27,480 And now watch, we don't know what's over here yet, but when price 425 00:27:27,480 --> 00:27:32,550 dove down like this down into the 100 and twenties, what's it 426 00:27:32,550 --> 00:27:35,910 looking for to the left, whatever. 427 00:27:40,080 --> 00:27:45,510 It's returning back to this level over here, right there. 428 00:27:49,219 --> 00:27:50,449 It turns to that full shoulder block. 429 00:27:51,949 --> 00:27:53,510 Does it show willing someone to rally up 430 00:27:57,860 --> 00:27:58,790 to every week? 431 00:27:58,969 --> 00:28:00,800 There's been one set of. 432 00:28:01,950 --> 00:28:03,030 Been here we sell price. 433 00:28:03,030 --> 00:28:06,360 Rally away comes back down to the previous order block and rallies through. 434 00:28:07,110 --> 00:28:10,560 It's not that you're trying to capture every piece of the weekly range. 435 00:28:10,560 --> 00:28:11,370 That's not what I mean. 436 00:28:11,430 --> 00:28:13,050 That's not being illustrated here. 437 00:28:13,530 --> 00:28:15,600 What I'm showing you is, is how you can find one set up. 438 00:28:16,500 --> 00:28:19,320 It doesn't require you to have the full, entire weekly range. 439 00:28:19,710 --> 00:28:23,100 I will go into discussions about how you get the weekly range, but for this 440 00:28:23,550 --> 00:28:27,750 teaching here, I want you to think about how you can frame the larger time. 441 00:28:28,965 --> 00:28:30,104 Where the market should be going. 442 00:28:30,705 --> 00:28:35,024 And then how it helps you define what a low resistance liquidity run would be 443 00:28:35,715 --> 00:28:38,084 versus a high resistance liquidity run. 444 00:28:42,044 --> 00:28:45,794 All of this area down here is where the market traded down into on a 445 00:28:45,794 --> 00:28:50,475 monthly chart clearing out that equal, low, and we'll leave that little 446 00:28:53,715 --> 00:28:54,764 area there on the chart. 447 00:28:55,784 --> 00:28:56,685 It's all down in here. 448 00:28:56,685 --> 00:28:57,435 Once you cleared all this. 449 00:29:01,425 --> 00:29:04,905 All these loads were cleared out in here in price rallied up aggressively. 450 00:29:05,985 --> 00:29:06,345 Okay. 451 00:29:06,645 --> 00:29:12,225 So when we take these ideas from the higher timeframe and we transpose them 452 00:29:12,225 --> 00:29:16,575 onto the lower timeframes, every time we expect to see the market, right. 453 00:29:17,820 --> 00:29:21,690 What we're looking for is a willingness to have very little resistance because 454 00:29:22,050 --> 00:29:25,680 the underlying market pinnings that are bullish on a higher timeframe. 455 00:29:25,680 --> 00:29:29,040 So if the monthly charts bullish, there's going to be no problem at all, 456 00:29:29,040 --> 00:29:32,159 trying to smash through short-term highs because the market's going to 457 00:29:32,159 --> 00:29:35,040 be really driven by higher end money. 458 00:29:35,370 --> 00:29:41,250 So the monthly chart being the key player in your trades on framing, 459 00:29:42,210 --> 00:29:43,740 low resistance, liquidity runs. 460 00:29:43,950 --> 00:29:46,409 Where's the marketplace seeking to go on the month. 461 00:29:47,729 --> 00:29:52,139 If he can't ascertain where the market's going on a monthly, you just 462 00:29:52,139 --> 00:29:53,610 simply drop down until a weekly chart. 463 00:29:54,000 --> 00:29:58,590 And by dropping down into a weekly, you can still see these areas at which the 464 00:29:58,590 --> 00:30:03,149 market should be, um, inclined to trade up into the closing, because again, 465 00:30:03,600 --> 00:30:05,429 they only offered price on the downside. 466 00:30:06,060 --> 00:30:08,669 We saw price breaking short-term highs here. 467 00:30:09,060 --> 00:30:10,409 Then this high was broken here. 468 00:30:10,620 --> 00:30:11,370 So we have a potential. 469 00:30:13,085 --> 00:30:16,625 Market-maker by profile where it's going to want to go back up into 470 00:30:16,625 --> 00:30:20,735 areas of institutional order flow over here in this consolidation. 471 00:30:21,635 --> 00:30:24,635 But there's a fair value gap before you get to that point right in here. 472 00:30:25,565 --> 00:30:27,395 And that's where you sell price treated right up into that. 473 00:30:27,605 --> 00:30:36,515 Then one 15, uh, 25 to 1 15 75, a reasonable upside objective all 474 00:30:36,515 --> 00:30:41,285 through here all the way through here for dollar based payer. 475 00:30:42,210 --> 00:30:47,100 That have the dollar on the front of their name, like dollar yen or dollar swissy. 476 00:30:47,550 --> 00:30:47,879 Okay. 477 00:30:47,910 --> 00:30:51,120 Those pairs should have been seen strength because of the 478 00:30:51,120 --> 00:30:52,590 underlying strength in the dollar. 479 00:30:54,570 --> 00:30:59,580 So in summary to make it a little bit more easier to understand, because I was a 480 00:30:59,580 --> 00:31:05,250 very broad brush with a lot of the ideas, but I want you to study this because it 481 00:31:05,250 --> 00:31:11,550 helps you get to why I look at certain trades as low resistance liquidity runs. 482 00:31:12,510 --> 00:31:16,020 And that way, if you understand what a low resistance liquidity run is, you 483 00:31:16,020 --> 00:31:18,540 will know what your trades are not. 484 00:31:19,620 --> 00:31:22,230 In terms of a high resistance liquidity run. 485 00:31:22,350 --> 00:31:25,320 You don't want that to be a trade you're trying to take, you want to 486 00:31:25,320 --> 00:31:27,120 be trading with the least resistance. 487 00:31:28,500 --> 00:31:30,990 So every time we looked to be a buyer on a retracement, back to 488 00:31:30,990 --> 00:31:34,500 a previous order block, we want to see that high being taken out. 489 00:31:35,010 --> 00:31:38,220 But if we're trading against a hard timeframe and there's no 490 00:31:38,220 --> 00:31:39,690 real reason to see the funds. 491 00:31:40,560 --> 00:31:41,070 Okay. 492 00:31:41,400 --> 00:31:44,970 Move the marketplace to those levels. 493 00:31:45,000 --> 00:31:47,940 It's not going to be a low resistance liquidity run. 494 00:31:47,940 --> 00:31:49,680 It's going to be a high resistance liquidity ground. 495 00:31:49,740 --> 00:31:53,400 And they're the types of trades that you sit in too long, or 496 00:31:53,400 --> 00:31:54,540 they don't pan out right away. 497 00:31:54,540 --> 00:31:59,280 Or they turn right around on you and bite you in the rear end and stop you out. 498 00:32:00,420 --> 00:32:00,690 So. 499 00:32:02,785 --> 00:32:04,855 And simple terms. 500 00:32:04,915 --> 00:32:06,865 Let's give you a little cheat sheet list here. 501 00:32:07,165 --> 00:32:07,555 Okay. 502 00:32:08,155 --> 00:32:11,335 You want to be looking at a monthly chart or weekly chart and determine 503 00:32:11,335 --> 00:32:14,455 where is the market more likely to go to? 504 00:32:14,995 --> 00:32:18,715 And by having that idea that if we're bullish on the monthly or 505 00:32:18,715 --> 00:32:26,845 weekly demo, we'll be looking for buy signal by signals on the lower time. 506 00:32:27,659 --> 00:32:29,430 Like the daily, the four hour and one hour. 507 00:32:29,580 --> 00:32:33,690 And we will be looking for bullish order box or turtle soup lungs 508 00:32:34,500 --> 00:32:38,220 with the expectation that any short-term highs on those timeframes, 509 00:32:38,790 --> 00:32:39,930 that's where the objective is. 510 00:32:40,110 --> 00:32:45,419 Now, let's assume for a moment that you're looking at a hourly chart and 511 00:32:45,450 --> 00:32:52,680 your underlying asset direction bias is bullish on the monthly and weekly or, or 512 00:32:53,010 --> 00:32:56,460 one or the other, but either one of them has to give you that directional bias. 513 00:32:57,210 --> 00:33:04,200 If the directional bias is bullish and you see an hourly chart, give you a return 514 00:33:04,200 --> 00:33:10,110 back to what would be otherwise seen as a bullish or block, but the high in between 515 00:33:10,650 --> 00:33:16,080 the range low and the high they retraced from, if it's only 20 pips, is that a 516 00:33:16,080 --> 00:33:21,570 trade that would be viewed as something that you would take in my opinion? 517 00:33:21,570 --> 00:33:23,610 No, because the range is only 20. 518 00:33:24,375 --> 00:33:30,075 When it returns back to the previous order block, for instance, if this is say an 519 00:33:30,105 --> 00:33:35,445 hourly chart or, uh, uh, media, 15 minute timeframe, and this is the range you're 520 00:33:35,445 --> 00:33:40,095 looking at here, this retracement, if the range is only from the order block where 521 00:33:40,095 --> 00:33:44,775 you would be buying up to the high in between, if that's only 20 pips, are you 522 00:33:44,775 --> 00:33:46,155 going to be taking that type of trade? 523 00:33:47,295 --> 00:33:50,235 My opinion would be no, I wouldn't personally take that 524 00:33:50,235 --> 00:33:53,025 trade, but if I saw a swing. 525 00:33:54,030 --> 00:33:58,139 Uh, say this low here and up to this high here and there was an order block. 526 00:33:58,150 --> 00:34:00,480 They allow me to get into it down in this point here. 527 00:34:00,990 --> 00:34:05,730 If I could take that trade and it say this was 40 pips, that would be a trade 528 00:34:05,730 --> 00:34:09,389 I want to take because if that's 40 pips from where the highest and where 529 00:34:09,389 --> 00:34:13,199 the order block entry would be, that means I can potentially have 40 pips 530 00:34:13,199 --> 00:34:18,989 in profit because I'm going to try to get out with a run above that high and 531 00:34:18,989 --> 00:34:22,560 exiting where the buy sauce would be in the form of a low resistance liquid. 532 00:34:23,775 --> 00:34:29,384 Because I'm trading inside of the monthly and weekly range, that would 533 00:34:29,384 --> 00:34:35,444 be viewed as internal range liquidity, which has very little resistance 534 00:34:36,585 --> 00:34:38,384 on the trade, on a lower timeframe. 535 00:34:38,775 --> 00:34:42,764 Many folks would see that as resistance so that it's going to hold back price, 536 00:34:43,335 --> 00:34:46,094 but on the monthly and the weekly chart it's indicated, and once it go 537 00:34:46,094 --> 00:34:49,545 higher, so it's going to have very little difficult to get through it, but. 538 00:34:50,310 --> 00:34:54,270 Precursor is you want to look at price swings, they offer about 40 pips. 539 00:34:54,630 --> 00:34:59,100 If you can see anything at 40 pips or higher in looking for a retracement to 540 00:34:59,100 --> 00:35:03,960 go along on that, that gives you, uh, a reasonable first profit objective. 541 00:35:04,410 --> 00:35:10,140 Now, obviously if you go out to a larger timeframe, okay, use bigger price swings. 542 00:35:10,380 --> 00:35:15,990 That gives you a lot more depth in terms of what you can pull out in terms of pips. 543 00:35:16,530 --> 00:35:18,840 So if you're looking for say, you're a trader that you want to have. 544 00:35:19,650 --> 00:35:21,690 Uh, nothing less than 50 pips. 545 00:35:22,020 --> 00:35:22,320 Okay. 546 00:35:22,320 --> 00:35:23,100 Well, that's great. 547 00:35:23,130 --> 00:35:30,510 You use a 30 minute or 60 minute chart and dial in looking at your marketplace for 548 00:35:30,510 --> 00:35:32,490 bicycles, that set up those price swings. 549 00:35:32,550 --> 00:35:36,450 So in order to, if we have price, uh, impulse price, swing like this 550 00:35:36,510 --> 00:35:38,940 and say this was a hourly chart. 551 00:35:39,480 --> 00:35:39,780 Okay. 552 00:35:39,780 --> 00:35:42,570 This in this range would be from this high down to that low. 553 00:35:42,960 --> 00:35:44,100 If that was 50 pips. 554 00:35:44,955 --> 00:35:47,415 That would be a wonderful opportunity for you to get your 555 00:35:47,445 --> 00:35:49,395 classic 50 pips or more set up. 556 00:35:49,875 --> 00:35:53,805 So if you have a weekly objective, let's just say, um, you've done the numbers. 557 00:35:53,925 --> 00:35:58,904 You've worked it out where you want to make, um, 10% of, um, And you 558 00:35:58,904 --> 00:36:02,984 figured out that, uh, to get 10% a month, you need to make a 50 pips 559 00:36:02,984 --> 00:36:04,424 on whatever equity base you have. 560 00:36:04,845 --> 00:36:05,205 Okay. 561 00:36:05,504 --> 00:36:08,415 And you figured out how many pips you have to have, what your stop loss 562 00:36:08,415 --> 00:36:09,794 has to be, blah, blah, blah, ends up. 563 00:36:09,915 --> 00:36:12,794 You just want to hit that number and 50 pips will get you there. 564 00:36:13,455 --> 00:36:17,595 So what you do is you want to look for ranges to have 50 pips or more 565 00:36:17,654 --> 00:36:20,625 preferably about 75 to 80 pips. 566 00:36:20,625 --> 00:36:23,774 It was perfect because even if it doesn't even break their range and go 567 00:36:23,774 --> 00:36:27,254 up above this old high, it still gives you the opportunity to get that 50. 568 00:36:28,305 --> 00:36:31,275 So don't think just because I'm saying that we had to be a buyer down here 569 00:36:31,575 --> 00:36:36,105 and looking for exit above the old high that you can't get all of your 570 00:36:36,105 --> 00:36:38,325 objective and your goal inside the range. 571 00:36:38,355 --> 00:36:42,435 Because again, that's, that's the beauty of trading price action, because 572 00:36:42,435 --> 00:36:44,085 you don't need the range to break. 573 00:36:44,325 --> 00:36:47,595 If you frame the right swing, you don't need the range that you're trading in 574 00:36:47,775 --> 00:36:51,255 to break to the new wildly profitable. 575 00:36:52,035 --> 00:36:56,415 You don't need it to move well beyond the, a range high either. 576 00:36:56,415 --> 00:36:56,835 If you're looking for. 577 00:36:57,930 --> 00:36:58,200 No worries. 578 00:36:58,200 --> 00:37:00,779 If you just want to see it, like you didn't need it to do all this. 579 00:37:01,290 --> 00:37:03,840 If you were buying down here in the range from this high down to 580 00:37:03,840 --> 00:37:06,240 the low, where you're trying to buy, let's say a hundred pips. 581 00:37:06,810 --> 00:37:09,420 You can handsomely take 75 pips out of that and not even get the 582 00:37:09,420 --> 00:37:12,180 full range, but you can't do that. 583 00:37:12,180 --> 00:37:17,520 If you try to do every entry on every 30 Pitt price link or 25 pit 584 00:37:17,520 --> 00:37:21,060 pipe, uh, price only because you're, you're trying to get in right now and 585 00:37:21,060 --> 00:37:21,900 you're looking for anything to get. 586 00:37:22,815 --> 00:37:25,875 If you're much more selective on your setups, you're going to treat 587 00:37:25,875 --> 00:37:28,785 a lot less, but your setups are going to be a lot more choice. 588 00:37:28,785 --> 00:37:30,495 They're going to be more potent. 589 00:37:30,765 --> 00:37:34,695 They're going to have a lot more likelihood of painting out for you 590 00:37:34,725 --> 00:37:37,905 in your favor, but you can't do that. 591 00:37:38,654 --> 00:37:39,134 Okay. 592 00:37:39,134 --> 00:37:44,564 If you trade every single setup in every timeframe, you got to pick a 593 00:37:44,564 --> 00:37:47,325 timeframe that fits what your model is. 594 00:37:47,865 --> 00:37:51,555 If you're trying to get, you know, 250 pips, you know, um, um, 595 00:37:51,645 --> 00:37:53,415 over a course of two weeks or so. 596 00:37:53,595 --> 00:37:54,015 Okay. 597 00:37:54,375 --> 00:37:57,944 You're not going to get that training on a five minute chart and looking for 598 00:37:57,944 --> 00:38:01,305 those types of price swings, you need to be living on a four hour chart or a 599 00:38:01,305 --> 00:38:06,585 daily chart and trading those price swings and looking for those, uh, those levels. 600 00:38:07,680 --> 00:38:12,330 And that'll give you those types of objectives and returns, but to give 601 00:38:12,330 --> 00:38:16,290 us multiple examples on a day-by-day basis, I use a 15 minute timeframe 602 00:38:16,290 --> 00:38:19,800 in today to show you how many times you can see something setting up. 603 00:38:20,070 --> 00:38:24,660 And while it won't always deliver five to one or three to one, even sometimes it 604 00:38:24,660 --> 00:38:26,730 will deliver a lot of price action study. 605 00:38:26,910 --> 00:38:29,040 And then we move out to a hard timeframe where we're only 606 00:38:29,040 --> 00:38:30,450 working off of an hourly chart. 607 00:38:30,990 --> 00:38:31,890 It'll give us a great more. 608 00:38:33,465 --> 00:38:36,375 Opportunity to talk about how the moves that take place. 609 00:38:36,375 --> 00:38:39,165 That move a lot more than 30, 40, 50 pips. 610 00:38:39,525 --> 00:38:42,315 We can get into the range of a hundred, 150 pips. 611 00:38:42,735 --> 00:38:43,065 Okay. 612 00:38:43,065 --> 00:38:45,285 Those types of setups, they're more fun, but you have to sit on your 613 00:38:45,285 --> 00:38:46,125 hands and wait a little bit more. 614 00:38:46,375 --> 00:38:47,655 It's not much more than that. 615 00:38:47,655 --> 00:38:48,385 Sit and wait, but. 616 00:38:49,425 --> 00:38:53,535 At framing, the ideas with the hard timeframe, monthly and weekly in 617 00:38:53,535 --> 00:38:58,365 determining where they want to go, keeping that perspective in mind, every time we 618 00:38:58,365 --> 00:39:02,175 look at an old high and we're bullish on these lower timeframes, what that's 619 00:39:02,175 --> 00:39:06,735 going to do is it's going to build a model where we can see clearly that it's a low 620 00:39:06,735 --> 00:39:08,535 resistance liquidity Ryan, when we buy. 621 00:39:09,105 --> 00:39:12,735 And we don't have any fear of looking at that as a resistance level, 622 00:39:12,735 --> 00:39:13,935 or this is a resistance level. 623 00:39:14,175 --> 00:39:17,625 We will see the market, want to draw it to those levels because there's, Bystolic. 624 00:39:18,735 --> 00:39:20,745 That's why the market's wanting to go there. 625 00:39:21,075 --> 00:39:23,235 You see how quickly it tries to get to that level here. 626 00:39:23,445 --> 00:39:26,175 And then once this has taken place, what does it do? 627 00:39:26,175 --> 00:39:27,285 It doesn't waste any time. 628 00:39:27,285 --> 00:39:31,785 It quickly gets up there above this high, and then ultimately runs 629 00:39:31,875 --> 00:39:33,285 aggressively into this high here. 630 00:39:33,345 --> 00:39:37,485 If we were bearish on the monthly chart, when weekly chart, we will 631 00:39:37,485 --> 00:39:39,765 be looking for the opposite, we would be looking for retracements 632 00:39:39,765 --> 00:39:42,165 higher and making low resistance. 633 00:39:42,195 --> 00:39:45,075 Liquidly runs the break below a swing. 634 00:39:46,440 --> 00:39:53,490 And we would look for price swings of 50 I'm sorry, 40 pits, or more as a 635 00:39:53,910 --> 00:39:59,730 high opportunity to tie odds opportunity for a day trade or a short-term trade. 636 00:40:00,480 --> 00:40:04,110 If we use an hourly chart, we could have a little bit more, uh, 637 00:40:04,110 --> 00:40:07,200 potential range in terms of pips, potentially 75 to a hundred pitches. 638 00:40:08,920 --> 00:40:11,710 And that'll give you the ideal setups that you will be looking 639 00:40:11,710 --> 00:40:12,850 for if that's your objective. 640 00:40:13,330 --> 00:40:17,950 So a lot of folks that are in this mentorship and those that are even 641 00:40:17,950 --> 00:40:22,780 outside of mentorship, you know, my email box gets littered with, can you tell 642 00:40:22,780 --> 00:40:25,060 me how to make a hundred pips a week? 643 00:40:25,690 --> 00:40:26,050 Okay. 644 00:40:26,050 --> 00:40:26,680 That's easy. 645 00:40:27,010 --> 00:40:29,500 What you need to do is you need to treat a four hour or one hour 646 00:40:29,500 --> 00:40:31,600 chart and nothing less, that's it. 647 00:40:31,660 --> 00:40:32,200 That's all you gotta do. 648 00:40:32,950 --> 00:40:33,340 And you will. 649 00:40:34,095 --> 00:40:37,005 And you look for scenarios across all the majors and you'll find a 650 00:40:37,005 --> 00:40:41,595 hundred pips price swing every single week, but that has to be your model. 651 00:40:41,655 --> 00:40:43,575 It can't be because I just said it and you go out there and start 652 00:40:43,575 --> 00:40:44,535 trying to force it to happen. 653 00:40:44,895 --> 00:40:46,065 If you don't have the. 654 00:40:46,980 --> 00:40:49,020 The psyche that do that. 655 00:40:49,080 --> 00:40:52,950 It's not going to work, but having these hard timeframe charts and 656 00:40:52,980 --> 00:40:57,509 give you that directional bias where it's going to go, it helps you frame 657 00:40:57,660 --> 00:41:01,380 whether the trade you're going to be taking is in fact really a low 658 00:41:01,380 --> 00:41:04,830 resistance liquidity run, or is it really a high resistance, a poorly run? 659 00:41:05,580 --> 00:41:09,390 If you develop your skillsets on the higher timeframe. 660 00:41:10,455 --> 00:41:13,725 It's the same thing we do on a lower timeframe, but focusing primarily on 661 00:41:13,725 --> 00:41:16,065 what the directional bias is going to be on these higher timeframe, monthly 662 00:41:16,065 --> 00:41:21,825 and weekly, it will help you resist the urge to do those many time where you 663 00:41:21,825 --> 00:41:25,565 go in there and you do a trade because you get impulsive or you just did. 664 00:41:25,605 --> 00:41:27,615 I don't even know why you did it and because I've done it too, 665 00:41:27,945 --> 00:41:28,635 you're looking at the charts. 666 00:41:28,665 --> 00:41:31,305 Um, I'll, I'll buy it now or I'll sell it now. 667 00:41:32,235 --> 00:41:35,145 And you didn't take any consideration into what a hard timeframe charts. 668 00:41:36,150 --> 00:41:38,279 And all of a sudden, it just rockets the other way. 669 00:41:38,279 --> 00:41:39,930 And then you look back, you know, a week later it's oh, 670 00:41:39,930 --> 00:41:41,040 there it was, it was hindsight. 671 00:41:41,040 --> 00:41:41,460 Perfect. 672 00:41:41,790 --> 00:41:42,240 2020. 673 00:41:42,240 --> 00:41:43,830 I should've did this opposite. 674 00:41:44,940 --> 00:41:48,630 If you stay in the directional bias that the monthly weekly tell you 675 00:41:48,630 --> 00:41:53,970 that you should be doing every trade that you frame has a higher odds of 676 00:41:53,970 --> 00:41:56,250 being a low resistance liquidity run. 677 00:41:57,330 --> 00:42:00,390 That's all we do with a market maker perspective. 678 00:42:00,570 --> 00:42:04,420 We go in looking for that because they're driving price to where the. 679 00:42:05,774 --> 00:42:07,515 And it's not random where these orders are. 680 00:42:07,544 --> 00:42:11,024 There logical locations when it's bullish, the market's going 681 00:42:11,024 --> 00:42:12,674 to go above short-term highs. 682 00:42:13,035 --> 00:42:15,044 How far over what? 683 00:42:15,075 --> 00:42:16,004 When's the last high? 684 00:42:16,424 --> 00:42:19,785 We never knew that we just know each time. 685 00:42:19,995 --> 00:42:23,595 This is a range from this high down to this low it trades through it. 686 00:42:23,595 --> 00:42:23,865 Okay. 687 00:42:23,865 --> 00:42:24,855 So now what's in the range. 688 00:42:24,884 --> 00:42:26,055 This low, this. 689 00:42:27,120 --> 00:42:28,500 Well, it broke that what's the new range. 690 00:42:28,500 --> 00:42:28,740 Okay. 691 00:42:28,740 --> 00:42:32,910 Well, this low to this high up here and in this fair value, got if it trades 692 00:42:32,910 --> 00:42:37,440 on through, we know we're looking for return back to this up candle here, 693 00:42:37,680 --> 00:42:42,930 and then maybe these highs here and ultimately above 1 25, 77, we don't ever 694 00:42:42,930 --> 00:42:45,029 try to call a high in the marketplace. 695 00:42:45,090 --> 00:42:46,110 That's not what we're trying to do. 696 00:42:46,799 --> 00:42:49,080 This was a logical area on the monthly chart to trade to. 697 00:42:51,330 --> 00:42:55,890 So after it did that, we now have to evaluate, does it have more 698 00:42:56,010 --> 00:43:01,470 willingness to keep going higher or would it be more prudent for it really 699 00:43:01,740 --> 00:43:03,360 to go into a consolidation here? 700 00:43:03,370 --> 00:43:06,930 And I think logically it should, but the market's going 701 00:43:06,930 --> 00:43:07,710 to do what it's going to do. 702 00:43:08,070 --> 00:43:11,760 But in this module, the aim was to get your mindset on a 703 00:43:11,760 --> 00:43:13,140 monthly or weekly capacity. 704 00:43:13,830 --> 00:43:16,500 And that way, when you go into a lower timeframes, every trade 705 00:43:16,500 --> 00:43:19,320 center you trade with in that directional bias on the monthly and. 706 00:43:20,910 --> 00:43:25,830 We'll help you find the low resistance liquidity runs that you're looking for. 707 00:43:26,340 --> 00:43:27,960 They are the high probability setups. 708 00:43:28,380 --> 00:43:30,330 They're the ones that have the immediate payouts. 709 00:43:30,660 --> 00:43:33,960 They're the ones that gave you the immediate responsiveness to your 710 00:43:33,960 --> 00:43:36,120 entries and has very little draw down. 711 00:43:36,300 --> 00:43:37,500 And that's your goal as a trader. 712 00:43:37,500 --> 00:43:38,970 You want to be trading in that environment. 713 00:43:39,030 --> 00:43:41,910 So with that guy to wish you good luck and Katrina. 61653

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