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Welcome back folks.
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This is lesson eight of the January, 2017.
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ICT mentorship.
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This tutorial is going to be
specifically dealing with the
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possession trade management.
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Okay.
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For Bosch market conditions,
we'd like to anticipate potential
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ballers seasonal tendency.
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And again, like I preface it in
every one of the seasonal teachings.
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It's not a be all end all.
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It's not a panacea.
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It's just a rule of thumb, a roadmap, if
you will, about what may unfold and price
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action, just because it's done for the
last 40 plus years as mean this year or
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next year or the three years from now.
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When you sit down in front of the
charts, doesn't mean that's going to
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be the outcome and you see in price,
but we start there because seasonal
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tendencies are just that there's a
tendency for price to do certain things.
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Since we're looking for bullish
market conditions, uh, we're gonna
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be focusing on the bullish seasonal
Tennessee's debt are most likely to
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occur in the next three to four months.
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We went through some of my ideal
seasonal tendencies, which ones
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I like and how they go in to the
marketplace and look for them.
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What we do after we identify what most
likely will unfold for a bullish seasonal
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tendency is, and we have to look at
intermarket analysis confirmations.
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Is there something to suggest there really
is a bullish technical picture for that
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seasonal tendency to come to fruition.
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If there isn't any technicals to align
with that seasonal tendency to seasonal,
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to seasonal, isn't going to drive price,
but technicals in alignment with the
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seasonal tendency are very powerful.
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What is the interest rate
market's telling you, okay.
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Are our yields increasing because of the
yields are increasing, it's going to be
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good for the currency that you're trading.
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If we see divergence between the
yields, that may suggest there's
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going to be a shift or a pause in
the underlying direction of the
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marketplace at the current moment.
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When we look at intermarket analysis,
we are blending the two of interest
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rate yields, and we're also blending
the four major asset classes,
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the stock market, interest rates,
commodities, and currencies, all for.
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Together should be confirming your
general outlook on the marketplace.
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Now you may not get clear pictures from
all four, but if you're getting three
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indicate that your directional bias for
your asset, you're going to be trading is
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in fact what they're suggesting as well or
confirming, then you probably got a pretty
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good trade idea lined up once this occurs.
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We go into a hard timeframe,
monthly and weekly chart for PDA.
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Now, PDA is premium
discount array or PD array.
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I'm going to be abbreviating that
for the remainder of this mentorship.
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So that way, when you receive PDA,
it's the premium discount arrays.
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That means, but order blocks, all
the things that I look for for
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institutional reference points.
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We're looking for higher timeframe,
weekly and monthly charts to
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indicate where institutional or
flow on those particular timeframes.
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We'll look to seek the trade to
when we understand those two higher
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timeframes, then we'll know what
the daily chart is going to do.
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And we're going to be focusing on
the daily chart for a quarterly
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shift or intermediate price.
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Every three or four months,
we're going to be looking for
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this new price waiting to occur.
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And we're going to be looking
at intermarket analysis and
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interest rate yields to suggest
that is in fact unfolding.
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We're not trying to pick the
absolute low, and we're not
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trying to pick the absolute high.
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We are trying to get in sync
with that quarterly shift
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to get the meat in between.
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In other words, the biggest
portion of the move.
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That's what we're focusing on.
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We use the daily PDAs to frame.
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Our bullish setups.
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In other words, we're looking
for or blocks void gaps, uh,
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rejection blocks, old highs or lows.
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We're looking for those things
to, to frame our, by set up, we're
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waiting for that to occur based on
what we see on a hard timeframes
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and with intermarket analysis.
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And hopefully.
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Uh, seasonal tenancy is also
suggesting a bullish move as well.
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When we have these things in
alignment, we have a great deal
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of conferences in our camp.
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We're looking for a high
probability scenario.
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In that case, once you get to this
stage, what you're going to have to
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do is you're gonna have to determine
whether you're going to be a buyer
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on a stop or a buyer on a limit.
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It doesn't matter which one you'll elect
to go with, but just understand that if
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you are going to be trading with limit.
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There's a probability of you missing
mus or missing your fills because
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you're demanding a specific price level.
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When you go on a buy stop, generally,
you're going to end up getting
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filled more times using that order.
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But unfortunately that creates
a little bit more gap in between
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where you're entering and where
your stop loss is going to be.
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If as long as you're not over
leveraging your account, which brings
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us to how much money should you be?
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Risking?
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No more than 1%.
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And.
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Keeping the idea that you're taking
big positions in terms of the time
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that you're in air, but not big
positions in the terms of how much
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you're allocating today to the trades.
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So you're looking for big moves with a
little bit of a, your account by having
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that your risk is going to be reduced,
but your maximum payout is going to be
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massive in terms of how many pips you
draw, but still it's gonna be relative
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in terms of the percentage, because
it's just the nature of this time.
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Once you defend me, you're going
to be buying on a stock or a
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limit, and you enter the position.
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You're going to be trailing your
stop loss below the lowest low
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in the last 40 trading days.
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Now this brings us back
to the up-to-date range.
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Why are we looking for the lowest
long, last 40 trading days?
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Because if we're looking for a bullish
move, the market will most likely not
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want to go back 40 trading days to find
a low it's going to be looking for the.
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In the last 40 trading days.
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So that means we are going to
have a trailing stop loss order.
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That's very handsomely behind the
current market price, and it's
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going to take a very significant
price move to stop you out.
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It avoids getting knocked out of the
marketplace prematurely, and when you're
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trading long-term trends or long-term
quarterly shifts, the worst thing that
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can happen is get knocked out prematurely
and in the market moves take place.
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And you miss out on that move.
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In this timeframe, you are not looking
to trail your stop-loss ultra tight.
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You have to have some
freedom in the market.
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You can't just let it, you
can't demand really ultra tight
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stops in long-term trading.
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You've got to allow it to
move a little bit gyrate pool
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back against you sometimes.
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And initially when you first
get in the trade, you just
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got to have to weather that.
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And unfortunately it may not
be your cup of tea, but that's
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again, the nature of the beast.
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Once the.
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Starts underway.
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And you start moving in your favor.
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If it moves 50% of the rains that you
expect to see unfold on the monthly
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and or weekly chart, because that's
what you're actually trading off of.
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You're executing on a daily chart.
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Once that range moves to 50% of
what you expect to see in terms of
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profitability, say, say it's a 500
pit range or a thousand PIP range.
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If it moves, if it's a thousand
foot range we're referring to, if
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it moves 500 pips in your face, You
need this still consider what the
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lowest low was in the last 40 days.
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Your stop-loss is going to be below that.
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But when we get above 50%, then
we're going to be looking for the
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lowest low in the last 20 days.
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Once we get about three quarters of
the way of the tire, weekly, monthly
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range, you want to start trailing
your stop loss below the most recent
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low in the last 20 trading days.
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Okay.
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And I'll talk about that
in an examples in a moment.
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You're permitting price to seek out
the liquidity on the upside and giving
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it a lot of room to consolidate.
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If it needs to, before it
goes another leg higher.
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If you keep your stop loss below
the lowest loan last 40 trading
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days, you're going to have a better
chance of staying in the move and
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not being stopped out premium.
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Okay for bearish market conditions,
I could probably just save this slide
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and decide everything I just said
for the bullish, just reverse it.
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But for completeness sake, we
are being paid to do this now.
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So I want to give you both sides.
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Uh, the bearish market conditions.
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Again, we're anticipating a potential
bear seasonal tendency that we're
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focusing on the bears tendencies
that have the most ideal conditions.
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What times of the year are they expected?
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We already know what they are.
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We went through those in three teachings.
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And once we understand what is most
likely to occur seasonally again,
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we're just looking for first there.
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Then we're looking for intermarket
analysis confirmations.
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Is there a suggestion across all
four major asset classes, currency
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markets, interest rates, commodities,
and as the stock market or the all
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in agreement with the expectation
you have for the next three to four.
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And if interest rate yields are confirming
that direction as well, interest rates
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rising or, or increasing or decreasing,
is that salient to your expectation
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for the bearish move that you're trying
to take on for next quarterly shift.
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If this does align, then we go to the
hard timeframe, monthly and weekly, and
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we start looking for the ranges and we
look for the PDA for monthly and weekly.
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Objectives, institutionally,
where are we looking to go?
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Well, how far are we looking to go down?
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Where are the old lows?
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Where are.
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The bullish shoulder blocks, where are
the liquidity voids on the downside?
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Where are the fair value gaps below us?
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Where are the mitigation
blocks and potential breakers?
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We have to be mindful of that.
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All those ideas.
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We have to start mapping them out because
they're either going to be speed bumps,
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or they're going to be rocket fuel for our
next price leg in our bears expectations.
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So we have to be mindful
of them going forward.
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We'll have them already in our charts.
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We won't be surprised by them.
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And once we have all these
ideas, then we can expect that
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quarterly shift to take place.
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And then therefore have an intermediate
term price swing moving over the
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course of two to three and potentially
four months at maximum, where we
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see a bearish move take place.
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Once we have the scenario outlined, okay.
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And we expect the monthly end or
weekly range or swing to take effect.
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What we're going to be doing is
focusing on the daily chart and we're
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going to be utilizing the daily PDAs.
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That means that.
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Premium discount arrays, or basically
we're looking for bears order blocks.
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We're looking for bearish
liquidity voids to fill in.
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We're looking for old highs to sell above.
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We're looking for rejection blocks
above and old highs handles body.
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00:11:06,930 --> 00:11:10,710
And we're looking for a bearish
breakers trade into a we're looking
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for mitigation box to trade against
and sell off of all those ideas.
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We're looking for that on
a daily timeframe to get.
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With the move we expect to see unfold
in the monthly and weekly charts.
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So we're using the daily PDA,
the frame, our bearish setups.
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Once we have our set up, what we're
looking for is the determination.
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Are we going to be selling on a stock
or are we selling on a limit order?
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And that's going to be a
matter of personal preference.
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Again, like I said, with the
bullish market conditions, if you're
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going to be selling on a limit,
chances are, you may not get your.
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So just take that in consideration.
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And if you're 100% certain, you have
to have the entry selling on a stop
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is almost a guarantee you're going
to get that fill because you're
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going to be selling on weakness.
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And once that price is triggered,
you'll be short again, but it opens up
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a little bit more risk from where you
enter and where your stop loss needs
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to be, which brings us to, once you're
in the move, you're going to be using
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00:12:07,665 --> 00:12:10,905
a trailing stop loss above the highest
high in the last 40 trading days.
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And what that's going to keep you from
having happen is a premature stop out.
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You don't want to get knocked
out of the market before you
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actually see the move transpire.
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You don't want to have any opportunity
for the market to have a move
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against you and see it take off.
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Once it knocks you out.
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It's not, it's very
frustrating to see that happen.
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And if you wait a long time for
these long-term setups to get a
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set up, just to get knocked out
prematurely, you've exercised so much.
228
00:12:41,490 --> 00:12:46,650
To get to that stage, then the once get in
it, and then it knocks you out worsening
229
00:12:46,650 --> 00:12:50,130
in cafes, you get fearful or never get
another opportunity to get back in and
230
00:12:50,130 --> 00:12:51,540
it takes off and runs away from you.
231
00:12:51,870 --> 00:12:55,680
Then you have to wait for another
higher level objective to get in to.
232
00:12:56,700 --> 00:12:59,310
And then you obviously lose some of
the potential profit, but then unless
233
00:12:59,310 --> 00:13:02,790
you could still get into the positions,
but it's nothing worse than that.
234
00:13:02,940 --> 00:13:06,090
And then having all the analysis done
the homework, the patients factor
235
00:13:06,390 --> 00:13:09,570
and get in the market top notch out
prematurely, because you're trying to
236
00:13:09,570 --> 00:13:12,390
have too much of a tight stop loss.
237
00:13:12,420 --> 00:13:14,400
You don't need to do that
one hard timeframe trading.
238
00:13:14,670 --> 00:13:15,480
In fact, it's better.
239
00:13:15,480 --> 00:13:19,800
If you keep a wider stop and you try
not to rush to move it up to break, even
240
00:13:19,800 --> 00:13:23,330
because breakeven on long-term trading,
he says the worst thing they possibly
241
00:13:23,330 --> 00:13:24,590
you ever considering you don't want it.
242
00:13:25,740 --> 00:13:28,230
So we're going to trailing your
stop loss above the highest high
243
00:13:28,230 --> 00:13:29,490
in the last 40 trading days.
244
00:13:29,490 --> 00:13:33,600
And by doing so, what you're doing
is, is actually giving the market room
245
00:13:33,600 --> 00:13:37,950
to breathe and move around when you
identify the range at which you're
246
00:13:37,950 --> 00:13:42,300
trying to see unfold on a monthly
and or weekly chart, when the price
247
00:13:42,300 --> 00:13:44,850
moves 50% of that range in your favor.
248
00:13:45,030 --> 00:13:45,240
Okay.
249
00:13:45,240 --> 00:13:47,010
Now, once it's moved half
the, this, you thought it was
250
00:13:47,010 --> 00:13:49,080
going to even at that moment.
251
00:13:49,290 --> 00:13:49,560
Okay.
252
00:13:49,560 --> 00:13:52,920
You're still going to be using
the highest time last 40 trades.
253
00:13:53,820 --> 00:13:55,200
Your stop is going to be above that.
254
00:13:55,650 --> 00:13:55,890
Okay.
255
00:13:55,890 --> 00:13:59,010
Cause you're not trying to get knocked
out once it moves to about three
256
00:13:59,010 --> 00:14:03,030
quarters of the range that you anticipate
seeing, then what you're going to be
257
00:14:03,030 --> 00:14:05,520
doing is you're going to be looking
for the highest high in the last 20
258
00:14:05,520 --> 00:14:09,540
trading days because you're getting
really close to that ultimate objective.
259
00:14:09,900 --> 00:14:10,590
And it may not really.
260
00:14:11,564 --> 00:14:15,555
So you want to lock in as much profit
as possible if you use the highest
261
00:14:15,555 --> 00:14:19,995
high in the last 40 trading days, and
you've seen three quarters of the move,
262
00:14:19,995 --> 00:14:24,165
you may see a deep retracement that
may be ended up becoming the actual
263
00:14:24,165 --> 00:14:27,314
reversal that you didn't expect to
see, think like optimal trade entry.
264
00:14:27,824 --> 00:14:32,265
It can go 79% of the total move
you expect to see, but then
265
00:14:32,265 --> 00:14:33,974
fail and go the other direction.
266
00:14:33,974 --> 00:14:38,175
And you would just be knocked out
with a great deal of more larger
267
00:14:38,175 --> 00:14:40,125
loss by using that trailing 48.
268
00:14:40,365 --> 00:14:44,354
Uh, About the highest high and last
40 trained days by reducing it to
269
00:14:44,354 --> 00:14:49,365
only 20 trading days, we're using
IPTA procedures for data ranges, but
270
00:14:49,454 --> 00:14:51,615
we're using measuring the ranges.
271
00:14:52,064 --> 00:14:52,365
Okay.
272
00:14:52,365 --> 00:14:55,844
And greeting the scale of how far
that move has already happened.
273
00:14:56,265 --> 00:14:59,865
When we start getting mature in our
move, we want to start locking in more
274
00:14:59,865 --> 00:15:05,745
aggressively that, that position, but
we're only going to drop down to a 20 day.
275
00:15:05,834 --> 00:15:09,255
Look back once we get to three quarters
of the moves that we expect to see.
276
00:15:10,250 --> 00:15:14,040
Then we have to start dropping back
in terms of how, how far we go back
277
00:15:14,040 --> 00:15:16,349
in terms of using a stop loss basis.
278
00:15:16,890 --> 00:15:20,310
We're not want to use 40 trading days,
the entire duration of the trade, but
279
00:15:20,310 --> 00:15:23,459
when you get three quarters of the move
under our belt, you know, obviously
280
00:15:23,459 --> 00:15:26,729
we're going to be looking to lock in
some of that profit and keeping it
281
00:15:26,729 --> 00:15:28,140
from moving a great deal against us.
282
00:15:28,140 --> 00:15:33,060
So by using a 20 day, look back every
single day while we're in the trade wants
283
00:15:33,060 --> 00:15:34,530
three quarters of the move has been seen.
284
00:15:35,295 --> 00:15:37,355
What you're dealing with is you're
ultimately bringing that stop loss
285
00:15:37,395 --> 00:15:40,305
closer to the market price, but
not so close to it, knocks you out.
286
00:15:40,755 --> 00:15:41,775
If it does knock you out.
287
00:15:41,775 --> 00:15:46,035
And it goes below a 20 day, low
chances are you probably made really
288
00:15:46,035 --> 00:15:50,235
handsome profit, or you probably
saved yourself a complete reversal
289
00:15:50,295 --> 00:15:51,975
and Watson, he rode more profits.
290
00:15:51,975 --> 00:15:55,545
If you would've stepped, this kept
that, that 40 trading day high.
291
00:15:56,355 --> 00:15:58,155
So let's take a look at a
couple examples real quick.
292
00:15:58,155 --> 00:16:01,575
And then we'll button
this January teaching up.
293
00:16:04,180 --> 00:16:04,420
Okay.
294
00:16:04,430 --> 00:16:05,800
We're looking at the Japanese.
295
00:16:05,800 --> 00:16:11,770
Janice is a weekly chart and we have
the high up here and we have these
296
00:16:11,770 --> 00:16:15,730
equalizers, as we talked about during the
live, uh, teachings of the mentorship.
297
00:16:16,330 --> 00:16:18,760
And then below these equal loads,
we have these two candles, which
298
00:16:18,760 --> 00:16:19,930
makes the bullet shorter block.
299
00:16:20,950 --> 00:16:24,280
And what we're going to do is we're
going to benefit of Nachi just to
300
00:16:24,910 --> 00:16:27,670
grade the scale of this entire range.
301
00:16:29,830 --> 00:16:30,670
So we have this hot.
302
00:16:31,620 --> 00:16:33,840
All the way down to this low.
303
00:16:36,580 --> 00:16:40,900
I'm sorry, this is high rather this
candle, and that gives us a range
304
00:16:40,900 --> 00:16:42,340
low, and this is our range high.
305
00:16:42,730 --> 00:16:42,970
Okay.
306
00:16:42,970 --> 00:16:45,130
And here's equilibrium right in here.
307
00:16:45,790 --> 00:16:46,120
Okay.
308
00:16:46,780 --> 00:16:48,310
So we're looking at this move here.
309
00:16:48,310 --> 00:16:50,110
After market structure has been broken.
310
00:16:50,620 --> 00:16:52,000
We have this swing low here.
311
00:16:52,870 --> 00:16:55,060
It's violated here, and
then we have a rally.
312
00:16:55,150 --> 00:16:58,240
So we're going to be looking
at this high in here one a day.
313
00:16:59,190 --> 00:17:01,170
I'm looking for an ultimate
move down to this level here.
314
00:17:02,460 --> 00:17:06,069
So we're going to go to a daily chart now
dropping down into it, and we're going
315
00:17:06,069 --> 00:17:07,500
to be looking at the sell side first.
316
00:17:18,950 --> 00:17:19,190
Okay.
317
00:17:19,190 --> 00:17:19,970
Here's that move?
318
00:17:21,020 --> 00:17:22,069
We'll refer to this in a minute.
319
00:17:22,069 --> 00:17:26,990
When we get to the, um, the buy-side
objectives, but here we have this high.
320
00:17:28,705 --> 00:17:32,304
Price has the, um, the break
and market structure here.
321
00:17:32,605 --> 00:17:33,565
And we have a rally up.
322
00:17:33,754 --> 00:17:38,815
He goes into this last up candle,
which is a PDA on a weekly basis.
323
00:17:40,495 --> 00:17:43,675
And it's also a PDA for the daily.
324
00:17:43,794 --> 00:17:48,054
And it's a bearish order block for us
here, trades right up into the body of
325
00:17:48,054 --> 00:17:54,655
this candle, which is the open comes
in at 1 21 69, the high on this case.
326
00:17:57,790 --> 00:17:59,980
Comes in at 2172.
327
00:18:00,460 --> 00:18:05,409
So only three pips higher than
this opening price at that candle
328
00:18:05,409 --> 00:18:07,000
here, we have the up candle.
329
00:18:07,030 --> 00:18:09,639
So we're going to be doing what we're
going to be deciding if we're going to
330
00:18:10,510 --> 00:18:16,720
sell short, want to limit Rumi selling
short either on a limit above this close,
331
00:18:16,990 --> 00:18:19,270
or we're going to be selling on a stop.
332
00:18:21,590 --> 00:18:21,740
Yeah.
333
00:18:24,070 --> 00:18:25,030
Which one are you going to do?
334
00:18:25,120 --> 00:18:28,390
But what we're doing is once we
get in, we have to use the high
335
00:18:28,810 --> 00:18:30,250
in the last 40 trading days.
336
00:18:31,510 --> 00:18:34,720
I have here a range that's
already been created with 40
337
00:18:38,420 --> 00:18:39,020
great here.
338
00:18:39,740 --> 00:18:43,220
So there's 40 trading days from this
day here, which is the trade day
339
00:18:43,220 --> 00:18:44,720
here because you have the candle.
340
00:18:45,260 --> 00:18:46,970
This is the day you would trade.
341
00:18:47,120 --> 00:18:48,080
Look back 40 days.
342
00:18:48,110 --> 00:18:49,340
Your stop loss has to be above.
343
00:18:50,535 --> 00:18:55,095
So your range of risk is framed
out for you by doing this.
344
00:18:56,625 --> 00:18:58,215
And let's say you want
to sell him a limit.
345
00:19:00,945 --> 00:19:04,035
He have a stop loss of 250 pips.
346
00:19:04,335 --> 00:19:05,085
You gotta be above that.
347
00:19:05,095 --> 00:19:06,375
Say 260 pips.
348
00:19:07,245 --> 00:19:07,935
That's your stop.
349
00:19:08,655 --> 00:19:09,045
Okay.
350
00:19:09,165 --> 00:19:12,375
Some of you, you're probably
cringing with that 260 pips.
351
00:19:12,405 --> 00:19:15,465
Good grief as long-term trading folks.
352
00:19:15,915 --> 00:19:18,975
I mean, you really got to change
your way of thinking about it.
353
00:19:20,070 --> 00:19:23,040
It's not going to be the same as
it was when we were discussing
354
00:19:23,160 --> 00:19:26,550
complete, uh, intraday action.
355
00:19:27,510 --> 00:19:28,980
And then you can do things like this.
356
00:19:28,980 --> 00:19:32,850
You can go here is one
357
00:19:41,080 --> 00:19:41,590
to.
358
00:19:53,790 --> 00:19:54,360
For
359
00:20:01,360 --> 00:20:09,590
5, 6, 7
360
00:20:15,709 --> 00:20:16,129
E.
361
00:20:19,740 --> 00:20:20,850
And we won't get nine.
362
00:20:21,960 --> 00:20:23,250
Is this fall short of that?
363
00:20:25,380 --> 00:20:25,680
Okay.
364
00:20:25,680 --> 00:20:31,810
So we have basically
eight are on this trade.
365
00:20:38,120 --> 00:20:40,070
That's falling short,
even at the objective.
366
00:20:40,070 --> 00:20:45,170
So we can have a, that
went off here and here's a.
367
00:20:46,595 --> 00:20:47,045
Right there.
368
00:20:47,615 --> 00:20:48,004
Okay.
369
00:20:48,395 --> 00:20:54,395
So selling short up here, we
have eight times, 260 pips.
370
00:20:55,925 --> 00:20:56,555
Think about that.
371
00:20:57,035 --> 00:20:58,085
That's a massive move.
372
00:20:58,295 --> 00:20:58,504
Okay.
373
00:20:58,504 --> 00:20:59,285
It's huge move.
374
00:20:59,885 --> 00:21:00,365
Okay.
375
00:21:00,514 --> 00:21:03,035
And as you trade this,
376
00:21:06,045 --> 00:21:09,915
what you're doing is, is you're
you're continuously every single time
377
00:21:10,125 --> 00:21:13,004
you look at the trading day, you're
in, you're going to be looking for.
378
00:21:15,750 --> 00:21:18,690
And again, I have another ranger
here with 40 PIP, 40 trading
379
00:21:18,690 --> 00:21:21,630
days, range or approximation.
380
00:21:21,630 --> 00:21:22,380
Let's say it like that.
381
00:21:23,310 --> 00:21:23,610
Okay.
382
00:21:23,670 --> 00:21:25,860
Every trading day, you're
going to keep looking back.
383
00:21:25,950 --> 00:21:29,460
What was the highest high
in the last 40 trading days?
384
00:21:30,450 --> 00:21:30,690
Okay.
385
00:21:30,720 --> 00:21:34,200
Each trading day, you're looking
at the right end of this here.
386
00:21:34,350 --> 00:21:34,620
Okay.
387
00:21:34,650 --> 00:21:38,250
Every single trading day, you're
looking at the highest high and you're
388
00:21:38,250 --> 00:21:41,250
keeping your stop loss above that.
389
00:21:43,755 --> 00:21:45,465
Whatever that whatever the high is.
390
00:21:45,555 --> 00:21:45,735
Okay.
391
00:21:45,735 --> 00:21:48,705
Like right in here, looking back
in the last 40 trading days,
392
00:21:48,705 --> 00:21:50,115
your stock is above this high.
393
00:21:52,845 --> 00:21:55,605
At this point here, we had that
real deep trading retracement.
394
00:21:56,235 --> 00:21:58,395
Your stuff has gotta be above these highs.
395
00:22:00,765 --> 00:22:01,095
Okay.
396
00:22:01,665 --> 00:22:03,755
This is where we actually
hit the objectives.
397
00:22:03,755 --> 00:22:06,735
So anything past that, it doesn't mean
anything, but at this moment here,
398
00:22:06,795 --> 00:22:08,025
your stop has to be above this whole.
399
00:22:08,820 --> 00:22:11,970
So it keeps you from getting
locked, knocked out prematurely.
400
00:22:13,470 --> 00:22:15,420
And again, eight times 260 pips.
401
00:22:15,420 --> 00:22:16,950
That's this huge, huge move.
402
00:22:19,120 --> 00:22:25,610
So we're going to focus now on the
buy side and we saw that weekly
403
00:22:25,610 --> 00:22:29,540
bullish or blocked down here, and we
expected that to trade back up to the
404
00:22:29,540 --> 00:22:33,320
weekly bearish order block in here.
405
00:22:33,560 --> 00:22:33,770
Your.
406
00:22:34,920 --> 00:22:36,360
Looking back 40 trading days.
407
00:22:36,360 --> 00:22:38,220
You're biased, uh, by position.
408
00:22:38,520 --> 00:22:41,280
Has it protected cell stop
below these lows in here.
409
00:22:41,820 --> 00:22:42,180
Okay.
410
00:22:42,750 --> 00:22:47,460
If you bought in here before the election,
and we had that big wild whipsaw, even
411
00:22:47,460 --> 00:22:50,580
with this wild whipsaw, if you would've
bought this day here, when a limit
412
00:22:50,610 --> 00:22:53,730
below the close here on the limit on
this candle, if you bought here on this
413
00:22:53,730 --> 00:22:57,530
candle on a limit on this day here, yeah.
414
00:22:57,530 --> 00:23:00,320
You would have saw profits
and then on the election.
415
00:23:01,200 --> 00:23:02,790
You would've rode through all this.
416
00:23:03,030 --> 00:23:06,870
Probably would've been scary for you,
but even then 40 trading days back,
417
00:23:06,870 --> 00:23:08,220
your stuff has to be below here.
418
00:23:08,520 --> 00:23:09,450
So you're not knocked out.
419
00:23:09,450 --> 00:23:10,410
Long-term you're in there.
420
00:23:11,040 --> 00:23:16,710
And again, the same thing you're
looking for the lowest low when you
421
00:23:16,710 --> 00:23:19,980
buy it in the last 40 trading days.
422
00:23:21,000 --> 00:23:25,560
Like for instance, if you bought here,
your stop has to be below this low.
423
00:23:28,970 --> 00:23:29,990
Let's see which one's lower.
424
00:23:29,990 --> 00:23:30,139
This.
425
00:23:32,525 --> 00:23:34,085
Hello is 1 0 9 19.
426
00:23:35,015 --> 00:23:36,575
And then you have this candle here.
427
00:23:37,265 --> 00:23:38,225
Yeah, one to nine 19.
428
00:23:38,225 --> 00:23:41,705
So it's got to be below this
low here, and you have another
429
00:23:41,705 --> 00:23:43,025
buying opportunity on this day.
430
00:23:43,025 --> 00:23:48,695
Here again, your stop still
stays below here on this day.
431
00:23:48,965 --> 00:23:53,315
Again, your stops still
stays below here on this day.
432
00:23:53,315 --> 00:23:53,795
Here.
433
00:23:55,055 --> 00:23:58,265
The lowest low in the last
40 trading days is here.
434
00:24:00,045 --> 00:24:01,425
But we have to change gears.
435
00:24:01,425 --> 00:24:04,005
Now, once we get half the range,
436
00:24:09,485 --> 00:24:14,355
I'm going to add a fib to this.
437
00:24:16,835 --> 00:24:17,675
We have our low
438
00:24:21,745 --> 00:24:21,895
oh.
439
00:24:23,145 --> 00:24:28,245
Here and once price trades through
this, here we start looking back 20
440
00:24:28,245 --> 00:24:31,995
trading days and we start telling
our stop loss below the lowest
441
00:24:31,995 --> 00:24:33,375
low in the last 20 trading days.
442
00:24:35,115 --> 00:24:38,985
So we get 20 from here.
443
00:24:39,254 --> 00:24:43,365
Your stop loss has to be below
here on this bind day here,
444
00:24:43,965 --> 00:24:45,645
the last 20 trading days.
445
00:24:45,675 --> 00:24:51,705
Your staff also below here this day here,
the last 20 trading days is still below.
446
00:24:54,150 --> 00:24:58,140
This day here, the last 20 trading
days stop loss has to be below here
447
00:25:00,370 --> 00:25:04,840
and on this Jane Day, your stop loss
has to be below this trading day slow.
448
00:25:05,920 --> 00:25:09,460
And after that, it just hits the
objective, the weekly bear shorter block.
449
00:25:10,150 --> 00:25:13,630
So again, above halfway point, you
want to start trailing your stop loss.
450
00:25:14,760 --> 00:25:16,440
Below the low of the last 20 trading days.
451
00:25:16,470 --> 00:25:21,450
But prior to equilibrium or halfway move,
you want to be 40 trading days back using
452
00:25:21,450 --> 00:25:25,140
it, the daily ranges, because it's not
likely it's going to seek that liquidity.
453
00:25:25,170 --> 00:25:28,590
It's going to be seeking the
liquidity above the 40 day
454
00:25:29,400 --> 00:25:31,590
highs and above the 20 highs.
455
00:25:31,650 --> 00:25:33,510
And it's gonna be looking
for the 60 day high.
456
00:25:33,930 --> 00:25:36,630
Now you can see how that if
the daily range comes into play
457
00:25:37,200 --> 00:25:38,580
using these higher timeframes.
458
00:25:39,210 --> 00:25:42,570
So until we talk again, I wish
you good luck and good trading.
38872
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