Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:00,000 --> 00:00:05,190
Hey everyone, it's Mike Wal, and welcome to the
Outflows Inner Circle Weekly webinar number 41.
2
00:00:05,670 --> 00:00:08,910
This, uh, presentation will be on POC migration.
3
00:00:09,210 --> 00:00:10,590
And what is POC migration?
4
00:00:10,590 --> 00:00:13,560
Well, it's POC movements during the day now.
5
00:00:14,834 --> 00:00:17,625
Again, it's point of control, right?
6
00:00:17,625 --> 00:00:20,025
There's, there are different types of point of control, okay?
7
00:00:20,115 --> 00:00:25,485
And there's point of control in a bar, which
is the point in the bar with the most volume.
8
00:00:25,490 --> 00:00:29,805
There's point of control for the day on the volume profile, which is.
9
00:00:30,465 --> 00:00:32,775
The point of the day with the most volume.
10
00:00:33,045 --> 00:00:34,755
Now, why is that important?
11
00:00:34,755 --> 00:00:43,695
Well, you know, point of control, I always said, you know, point of control is
one of the building blocks, you know, one of the foundation blocks of order flow.
12
00:00:43,965 --> 00:00:52,660
And by understanding, Point of control where it appears, how it, you
know, how it sort of moves up or moves down as, as the day progresses.
13
00:00:52,890 --> 00:00:56,250
You know, we'll help you, uh, you know, we'll help you as, as a trader.
14
00:00:56,250 --> 00:01:02,970
So, POC migration, point of control, migration, I think is, is
a way to help determine if a trend is starting and continuing.
15
00:01:03,120 --> 00:01:04,830
You know, everyone always says the trend is your friend.
16
00:01:04,830 --> 00:01:09,150
So any way that you can determine a trend is underway is gonna be beneficial.
17
00:01:10,634 --> 00:01:14,625
So, you know, really quick, you know, point of control, migration.
18
00:01:14,625 --> 00:01:15,795
What does it look like?
19
00:01:15,854 --> 00:01:21,765
Okay, now, I, I did a presentation a while back on POC framing, right?
20
00:01:21,765 --> 00:01:30,405
You're looking for, you know, three lower point of controls and bars moving down,
you know, off a high or, or three higher point of controls on, on a market moving.
21
00:01:33,524 --> 00:01:36,435
And you know, here you have, here's a high right?
22
00:01:36,435 --> 00:01:37,455
And you got red bar.
23
00:01:37,455 --> 00:01:38,445
Red bar, red bar.
24
00:01:38,955 --> 00:01:39,615
Point of control.
25
00:01:39,615 --> 00:01:40,335
Lower point of control.
26
00:01:40,335 --> 00:01:41,505
Lower point of control, right?
27
00:01:41,865 --> 00:01:48,285
You wanna know, right, if a market is starting to move and you
know there's gonna be signs, you know, with the point of control.
28
00:01:48,865 --> 00:01:57,085
Um, that I, I shall reveal to you today that, you know, is gonna help
you determine, you know, if a trend is, is really happening or not.
29
00:01:57,085 --> 00:02:01,735
You know, there's gonna be times where you get sideways action
like you have here in the middle of this chart, but, you know,
30
00:02:01,735 --> 00:02:04,585
you wanna have da you, you know, when you get in trade, right?
31
00:02:04,585 --> 00:02:09,505
You want it to move, you want it to move fast, and you
want it to move in the direction that you're positioned in.
32
00:02:09,954 --> 00:02:13,015
So, using POC I think was gonna help you.
33
00:02:13,015 --> 00:02:16,915
So you know the old question.
34
00:02:18,315 --> 00:02:19,425
Uh, which came first?
35
00:02:19,425 --> 00:02:22,365
The chicken or the egg, you know, you could apply it to, uh, trading.
36
00:02:22,365 --> 00:02:24,225
Which came, what moves the markets first?
37
00:02:24,225 --> 00:02:25,185
Volume or price?
38
00:02:25,455 --> 00:02:26,715
Well, it's volume, right?
39
00:02:26,805 --> 00:02:27,465
Price.
40
00:02:28,605 --> 00:02:29,145
Price.
41
00:02:29,235 --> 00:02:33,285
I don't say lags, but you know, price is an advertising mechanism, right?
42
00:02:33,285 --> 00:02:35,445
That's what gets people to come in and trade.
43
00:02:35,805 --> 00:02:39,135
But you know, as more trading is happening, that's what's gonna move the market.
44
00:02:39,705 --> 00:02:43,155
It's not gonna necessarily move because, you know, if people.
45
00:02:44,925 --> 00:02:46,185
You know, think price is low.
46
00:02:46,245 --> 00:02:48,855
I mean, yeah, people could think price is low, but they gotta buy it, right?
47
00:02:48,855 --> 00:02:52,125
They gotta come in with volume there to buy and move the market.
48
00:02:52,125 --> 00:02:56,805
So as volume migrates higher or lower, price will follow.
49
00:02:57,165 --> 00:03:04,555
And, but when I'm talking about price, really what I'm talking
about is, um, you know, how the market is, is moving, right?
50
00:03:04,815 --> 00:03:07,545
I'm not saying one particular price, I'm thinking about the.
51
00:03:08,790 --> 00:03:10,530
Um, price range in general.
52
00:03:10,890 --> 00:03:14,700
So, again, you know, I did a, I did presentation a while back on P framing.
53
00:03:14,700 --> 00:03:16,200
If you haven't watched that, you should watch that.
54
00:03:16,230 --> 00:03:19,799
Um, as well, I think it'll help you with POC migration.
55
00:03:20,100 --> 00:03:29,010
It, it's kind of similar, but really what you need to watch with, uh,
PLC migration and PLC framing is, uh, you gotta watch bar point of.
56
00:03:29,865 --> 00:03:36,915
And also keep your eye on volume point of control whenever
the markets are making new highs or making new lows.
57
00:03:36,975 --> 00:03:40,875
So keep your eye on, on bar point of control and volume point of control.
58
00:03:42,105 --> 00:03:43,484
So, you know, it's often been said, right?
59
00:03:43,484 --> 00:03:46,755
Markets move from value area to value area.
60
00:03:47,085 --> 00:03:47,865
And why is that?
61
00:03:47,865 --> 00:03:50,055
Well, markets exist to facilitate trade.
62
00:03:50,055 --> 00:03:58,725
They exist to, you know, for people to transfer
their risk, you know, to hedge their risk and.
63
00:03:59,885 --> 00:04:06,015
In simple terms, what that means is the market moves seeking a fair
price, where traders are happy to transact at each with each other.
64
00:04:06,015 --> 00:04:10,665
So, you know, today the market could be trading, you know, $50 and.
65
00:04:11,204 --> 00:04:15,075
You know, everyone's happy to trade at these
prices, you know, both buyers and sellers.
66
00:04:15,255 --> 00:04:16,454
It's a fair price to both of them.
67
00:04:16,454 --> 00:04:20,534
Well, you know, they close their books for the day, go home, eat dinner.
68
00:04:20,540 --> 00:04:27,435
All of a sudden something happens somewhere overseas
and it changes the whole supply demand, um, paradigm.
69
00:04:27,765 --> 00:04:29,415
And they come in the next day.
70
00:04:29,415 --> 00:04:31,575
Everyone's got a different idea of where value is.
71
00:04:31,575 --> 00:04:32,625
So the market's gonna move.
72
00:04:32,625 --> 00:04:33,225
It's gonna find a.
73
00:04:33,730 --> 00:04:36,640
Value area, a new fair price for people to trade.
74
00:04:37,120 --> 00:04:47,590
You know, everyone wants a deal and tries to buy below value or sell above value,
but you know, the traders that have the size to move, sorry, let me rephrase that.
75
00:04:48,160 --> 00:04:53,260
The traders that have size to move need to trade
it where there are gonna be other traders, right?
76
00:04:53,260 --> 00:04:55,960
So sometimes, you know, people are willing to give up an edge.
77
00:04:56,565 --> 00:05:03,195
You know, as strange as it sounds, you know, and people say
that's blasphemy, but you know what, there are traders out there.
78
00:05:03,195 --> 00:05:03,974
They don't give a shit.
79
00:05:04,065 --> 00:05:13,664
You know, if they need to move the size, they're willing to, to pay up, to move
the size or, or sell at a lower price to move the size, get it off their books.
80
00:05:14,655 --> 00:05:18,854
But, you know, everyone always says, oh, you know, you
gotta buy at, uh, below value, or sell above value.
81
00:05:18,854 --> 00:05:24,435
No, there are people, there are traders and big
traders too, that, you know, they, they will.
82
00:05:25,920 --> 00:05:32,640
They will sell below value or you know, they
will buy above value just because they have to.
83
00:05:32,640 --> 00:05:33,390
They have no other choice.
84
00:05:33,510 --> 00:05:35,370
Their size is so big they have to do it.
85
00:05:36,960 --> 00:05:38,430
Now, size attracts size, right?
86
00:05:38,430 --> 00:05:40,860
Big commercials, you know, real money traders.
87
00:05:40,860 --> 00:05:44,040
They don't wanna move the market when they're getting into or out of a position.
88
00:05:44,045 --> 00:05:45,900
However, you know, they're gonna end up.
89
00:05:46,380 --> 00:05:53,280
Move in the market, they end up moving the market sometimes to new
value areas just because, you know, their positions are, are so big
90
00:05:53,550 --> 00:05:57,960
and you know these days, right, the markets are very, very liquid now.
91
00:06:01,409 --> 00:06:04,260
Um, you know, nowadays, excuse me, I still got this cough.
92
00:06:04,830 --> 00:06:08,880
I'm a little bit behind on these videos, but I,
I've caught 'em all lined up, ready to record.
93
00:06:08,880 --> 00:06:13,530
It's just like, I just can't talk sometimes
because my, my voice is, my throat is killing me.
94
00:06:14,010 --> 00:06:15,030
I had this terrible virus.
95
00:06:15,030 --> 00:06:27,660
But anyway, um, Give you an idea, right, of, you know, how, how sometimes big traders
trade, you know, nowadays, you know, you got a lot of activity in the markets, right?
96
00:06:27,660 --> 00:06:30,180
A lot more volume than you had back in the nineties, right?
97
00:06:30,540 --> 00:06:35,220
And I, I mean, I remember back in the nineties putting on positions for.
98
00:06:35,640 --> 00:06:38,820
Big hedge funds that, you know, you couldn't do it in a day.
99
00:06:39,120 --> 00:06:48,510
Sometimes it would take, you know, several days to put on positions
in, you know, commodity markets such as, you know, cocoa or, um, sugar.
100
00:06:48,990 --> 00:06:56,010
Um, you know, they're not gonna come in and buy, you know, how
many thousands of contracts they need to buy or sell in one day.
101
00:06:56,010 --> 00:06:56,460
They can't.
102
00:06:56,610 --> 00:06:57,780
They're gonna affect the market.
103
00:06:57,780 --> 00:06:58,920
They're gonna move it too much.
104
00:06:59,310 --> 00:07:00,570
So, you know, we'd be buy.
105
00:07:01,965 --> 00:07:04,545
Sugar, London sugar for three days straight.
106
00:07:04,875 --> 00:07:06,255
You know, just sort of piecing it in.
107
00:07:06,255 --> 00:07:08,505
Piecing it in, you know, trying not to spook the markets.
108
00:07:08,985 --> 00:07:17,355
Um, you know, size attracts size, so unless there's a big offer in there, you know,
and you got, you know, but if you're a big trader and you got a lot to buy, you're
109
00:07:17,355 --> 00:07:22,065
gonna, you're gonna try and piece it in as, as quietly and discreetly as possible.
110
00:07:22,455 --> 00:07:26,475
Um, you know, now that information, it does show up, you know, where does it show up?
111
00:07:26,475 --> 00:07:27,705
It shows up in the order flow.
112
00:07:29,295 --> 00:07:34,724
And you know, if you've ever wonder why point of control
access a port of resistance, because that's where the real mon
113
00:07:34,844 --> 00:07:38,565
money traders and commercial traders are active in the market.
114
00:07:38,565 --> 00:07:40,784
You know, they have a level they wanna buy at, right?
115
00:07:40,784 --> 00:07:42,105
They have a level they wanna sell at.
116
00:07:42,105 --> 00:07:43,784
They don't necessarily chase the market, right?
117
00:07:43,790 --> 00:07:47,025
It's not like, okay, well I'm gonna buy, you know, 500.
118
00:07:47,025 --> 00:07:47,625
Where's the market?
119
00:07:47,625 --> 00:07:48,284
It's six, seven.
120
00:07:48,284 --> 00:07:49,275
Okay, I'll pay seven.
121
00:07:49,844 --> 00:07:50,715
For 500.
122
00:07:50,924 --> 00:07:51,465
Okay.
123
00:07:51,945 --> 00:07:54,645
And then, okay, you got 300 done?
124
00:07:55,094 --> 00:07:55,245
Yeah.
125
00:07:55,245 --> 00:07:56,205
You got 200 to go.
126
00:07:56,205 --> 00:07:56,385
Okay.
127
00:07:56,385 --> 00:07:57,104
Where, where are we now?
128
00:07:57,104 --> 00:07:57,825
We're trading nine.
129
00:07:57,854 --> 00:07:58,065
Okay.
130
00:07:58,065 --> 00:07:58,544
Go up to nine.
131
00:07:58,544 --> 00:07:59,294
No, they don't do that.
132
00:07:59,294 --> 00:08:00,435
They just said, okay, that's fine.
133
00:08:00,585 --> 00:08:02,715
Just stay there, you know, let the market breathe.
134
00:08:02,715 --> 00:08:03,315
Come back.
135
00:08:03,900 --> 00:08:05,100
To that level, right?
136
00:08:05,100 --> 00:08:07,050
Because they're still busy, they're still happy to buy there.
137
00:08:07,050 --> 00:08:09,120
That's why the markets come back to certain levels.
138
00:08:09,120 --> 00:08:14,070
In case you've ever wondered and scratched your head, why does,
you know, looking at a chart, you know, if you look at a normal
139
00:08:14,070 --> 00:08:17,850
bar chart, you, you just scratch your head thinking, um, go ahead.
140
00:08:17,855 --> 00:08:21,100
I, I wish I can understand why a market would pull back to this level.
141
00:08:21,600 --> 00:08:26,640
Well, that's, that's the reason why, you know, because big
traders, you know, they don't necessarily chase the market, right?
142
00:08:26,640 --> 00:08:29,160
They just work a bid or work an offer.
143
00:08:29,760 --> 00:08:32,850
They get what they can done there, then, you know, let the market breathe.
144
00:08:32,850 --> 00:08:37,919
If it comes back, you know, they're still there, you know,
and if, if the market closes, then they're not done, then,
145
00:08:37,919 --> 00:08:39,929
you know, tomorrow they come in, okay, where are we now?
146
00:08:39,929 --> 00:08:40,709
Let's take a look.
147
00:08:40,740 --> 00:08:41,429
Let's price it up.
148
00:08:41,909 --> 00:08:42,809
That's how they trade.
149
00:08:43,439 --> 00:08:44,910
It's not like they said, oh, I gotta get it done.
150
00:08:45,030 --> 00:08:45,630
No, they don't.
151
00:08:45,635 --> 00:08:51,600
You know, these guys, you know, farmers, you know, shit, man, you know,
they plant stuff in the ground and they wait for six months for it to grow.
152
00:08:52,020 --> 00:08:56,115
You know, they're not going to get, you know,
hyper over a couple ticks here and there.
153
00:08:56,339 --> 00:09:04,875
They're not, you know, So once the, once the market starts moving away
from, A value area, other traders are drawn into the market, right?
154
00:09:05,175 --> 00:09:09,105
Once you start moving away from your value, you know, people start paying attention.
155
00:09:09,105 --> 00:09:10,935
Say, Hey, maybe we're moving away from value.
156
00:09:11,235 --> 00:09:17,745
And, you know, as, as prices start, um, rising or falling, you
know, traders start to come out and, you know, change their opinion,
157
00:09:17,750 --> 00:09:21,855
form an opinion, and, you know, go with the, the flow of the trade.
158
00:09:22,315 --> 00:09:25,675
So, you know, then more volume goes through and a new value area is formed.
159
00:09:25,945 --> 00:09:34,345
Right now when the market pulls back to a previous value area, for example, bar
point of control, you know, it was the area where the real money was a willing buyer.
160
00:09:34,345 --> 00:09:37,195
And generally they are still bidding, right?
161
00:09:37,200 --> 00:09:39,565
If, if it's, if it was the market moving up, right?
162
00:09:39,565 --> 00:09:44,455
If they're a big buyer at a certain level and the
market comes back there, they're probably still there.
163
00:09:44,575 --> 00:09:49,075
You know, there's a good chance they're there, watch out if
they're not there, you know, so that's gonna be your support.
164
00:09:51,075 --> 00:09:52,005
So big traders, right?
165
00:09:52,005 --> 00:09:52,725
Big traders.
166
00:09:52,815 --> 00:09:54,495
You gotta think like a big trader, you know?
167
00:09:54,495 --> 00:09:58,605
And small traders don't understand how big traders
think because they've never been in that position.
168
00:09:58,965 --> 00:10:07,845
Um, it's completely different mindset, um, trading size than, you know,
being a small trader, everyone always thinks, well, I could just scale
169
00:10:07,845 --> 00:10:11,755
up and scale up, you know, as you get bigger, honestly, you, you, you.
170
00:10:12,510 --> 00:10:14,190
Looking at the market a little bit different.
171
00:10:14,520 --> 00:10:15,980
Um, it's, it's overlooked.
172
00:10:16,080 --> 00:10:19,890
You know, small traders panic once to start, market starts to move.
173
00:10:20,370 --> 00:10:24,820
Um, you know, basically, right?
174
00:10:24,820 --> 00:10:26,010
If, if you're a small trader, right?
175
00:10:26,015 --> 00:10:33,570
And you're, you're putting on a position and you, you're going up to your limits,
basically, you know, you, you start to get nose bleeds where you're a big trader.
176
00:10:35,130 --> 00:10:43,470
You got so much money behind you, you know, in your pockets that you know, a little
bit of fluctuation is, isn't going to necessarily scare you out of the market.
177
00:10:43,470 --> 00:10:50,189
You know, small traders panic once the market starts to move, which,
you know, causes the market to, you know, to move even further.
178
00:10:51,960 --> 00:10:56,910
So, you know, big traders, you know, they're willing
to take some heats, you know, that small traders can't.
179
00:10:56,910 --> 00:10:57,480
You know why?
180
00:10:57,480 --> 00:11:01,680
Because small traders are under capitalized relative to, to big traders.
181
00:11:02,160 --> 00:11:04,890
You know, I mean, I, I've seen guys, you know, put on positions.
182
00:11:06,930 --> 00:11:12,180
You know, for their firms and you know, they take so much
heat, you know, I'll sit there and I'll be like, wow, man.
183
00:11:12,180 --> 00:11:13,440
I'll be like amazed, you know?
184
00:11:13,530 --> 00:11:17,040
Wow, your company lets you take on that much, that much heat.
185
00:11:17,040 --> 00:11:20,460
But then, you know, they explain, you know, relative to their.
186
00:11:21,569 --> 00:11:30,839
Relative to their book and their positions, you know, they're able to do some
accounting that, you know, it's not really a big a loss as it is, you know?
187
00:11:31,050 --> 00:11:35,640
Um, so anyway, think about, you know, have you ever broken down a trend?
188
00:11:35,880 --> 00:11:36,329
Right?
189
00:11:36,480 --> 00:11:38,459
You know, how, how market moves, right?
190
00:11:38,459 --> 00:11:40,099
Well, you have a value area, right?
191
00:11:40,099 --> 00:11:41,910
People are happy to trade around.
192
00:11:43,620 --> 00:11:45,840
At this value area, they're happy to trade with each other there.
193
00:11:45,840 --> 00:11:46,080
Right?
194
00:11:46,080 --> 00:11:46,710
Then what happens?
195
00:11:46,710 --> 00:11:47,790
Perception changes, right?
196
00:11:47,790 --> 00:11:50,250
Usually due to fundamentals, not technicals.
197
00:11:50,250 --> 00:11:55,050
It's not all of a sudden someone, everyone looks at a chart
and says, oh, there's a clear head and shoulders formation.
198
00:11:55,140 --> 00:11:57,045
No, it, it fundamentals change.
199
00:11:57,510 --> 00:12:00,690
That's what causes the market to.
200
00:12:01,815 --> 00:12:04,275
You know, to sell off or to, to rally.
201
00:12:04,515 --> 00:12:08,505
It's not like, oh, you know, you've got this form.
202
00:12:08,505 --> 00:12:10,125
You got a cup handle formation.
203
00:12:10,305 --> 00:12:12,105
No, that's not what happens.
204
00:12:13,245 --> 00:12:18,585
What happens is big players start accumulating or distributing
a position based on the fundamentals that changed, right?
205
00:12:18,795 --> 00:12:21,075
Then the technical traders indicators start going off.
206
00:12:21,195 --> 00:12:22,125
Then they join in.
207
00:12:22,575 --> 00:12:25,125
Then the retail traders jump in, so you know what is better.
208
00:12:25,125 --> 00:12:26,775
You know, fundamentals, technicals.
209
00:12:26,835 --> 00:12:28,185
Personally, I have fundamentals.
210
00:12:29,115 --> 00:12:33,705
Are are, I think, better, um, you know, than, than technicals.
211
00:12:34,005 --> 00:12:35,265
Whereas order flow fallen well.
212
00:12:35,265 --> 00:12:37,845
Order flow allows you to, to tell what's happening in the market.
213
00:12:37,845 --> 00:12:39,735
You know, you're not necessarily wedded to fundamentals.
214
00:12:39,740 --> 00:12:41,115
You're not wedded to technicals.
215
00:12:41,895 --> 00:12:45,885
You know, if there's something in the fundamentals
that change order flow can pick it up.
216
00:12:46,215 --> 00:12:49,155
If something in the technicals change order flow can also pick it up.
217
00:12:50,625 --> 00:12:54,465
Retail tell traders are generally the, the last people getting into a move.
218
00:12:54,675 --> 00:12:56,895
So it's unfortunate, but that's just the fact of life.
219
00:12:58,814 --> 00:13:02,865
Okay, so anyway, let's get back to, uh, POC migration.
220
00:13:03,225 --> 00:13:07,155
Um, again, you know, just look at a chart, okay?
221
00:13:07,155 --> 00:13:08,714
Again, you know, keep eye on the prize.
222
00:13:08,720 --> 00:13:11,025
What you looking for are moves like this, okay?
223
00:13:11,625 --> 00:13:14,655
So what to look for basically at a high.
224
00:13:14,805 --> 00:13:14,985
Okay?
225
00:13:15,285 --> 00:13:18,225
Basically what I'm looking for at are at highs or at Lowe's.
226
00:13:18,255 --> 00:13:18,435
Okay?
227
00:13:18,435 --> 00:13:21,405
So at high, then you want a bar that closes lower.
228
00:13:21,405 --> 00:13:24,074
So you know what you want is, uh, the high.
229
00:13:24,870 --> 00:13:30,750
But the bar to be, you know, to, to reverse right,
to turn red on you and close, lower than it opened.
230
00:13:30,840 --> 00:13:31,260
Okay?
231
00:13:33,090 --> 00:13:33,510
Next bar.
232
00:13:33,510 --> 00:13:36,840
You should have a lower point of control than the first bar.
233
00:13:36,840 --> 00:13:37,710
The bar with a high.
234
00:13:38,100 --> 00:13:40,410
And look for a pullback, right to the point of control.
235
00:13:40,410 --> 00:13:40,980
The first bar.
236
00:13:40,985 --> 00:13:41,610
Then the next bar.
237
00:13:41,610 --> 00:13:42,660
A lower point of control.
238
00:13:42,900 --> 00:13:45,510
For a low, it should be the opposite, right?
239
00:13:45,510 --> 00:13:49,800
You look for the green, cause you got your low look for the green bar, right?
240
00:13:49,800 --> 00:13:50,700
Like you have here.
241
00:13:50,760 --> 00:13:51,150
Okay?
242
00:13:52,020 --> 00:13:53,730
And then look for the second bar.
243
00:13:54,974 --> 00:13:57,525
You also want it to pull back to the point of control.
244
00:13:58,724 --> 00:14:00,854
This one's a red bar, but it should be green.
245
00:14:00,854 --> 00:14:02,685
It should still follow the same color, right?
246
00:14:02,685 --> 00:14:05,714
If it's red, red, you know, greener than red, no, it should be green.
247
00:14:05,714 --> 00:14:13,245
Green, just as it's here, it's, it's red, red,
and then, you know, lower point of controls.
248
00:14:13,275 --> 00:14:19,785
Or in this case, you know, higher point of controls,
but the key is pull back to the point of control here.
249
00:14:21,810 --> 00:14:22,590
Here.
250
00:14:23,040 --> 00:14:23,250
Okay.
251
00:14:23,250 --> 00:14:26,880
To me that's, that's very important in this POC migration setup.
252
00:14:27,870 --> 00:14:28,320
Okay.
253
00:14:28,770 --> 00:14:31,200
So, you know, we'll walk through a bunch of examples.
254
00:14:31,200 --> 00:14:32,820
So here you got it.
255
00:14:32,880 --> 00:14:33,180
Boom.
256
00:14:33,240 --> 00:14:34,560
You know, I, I probably should
257
00:14:39,850 --> 00:14:41,070
draw an arrow here.
258
00:14:47,310 --> 00:14:48,780
Make a little bit thicker.
259
00:14:56,505 --> 00:15:00,885
Okay, so you see how this point of it came right
up to this point of control right here, right?
260
00:15:01,185 --> 00:15:03,795
So you got your point of control in this first bar, second bar.
261
00:15:05,324 --> 00:15:07,875
It's lower point of control, but you pull right back to this point of control.
262
00:15:07,905 --> 00:15:11,295
Now that you know is, is probably gonna start a trend lower.
263
00:15:16,425 --> 00:15:21,615
Okay, now here, same, similar thing, right?
264
00:15:21,615 --> 00:15:22,065
What did we do?
265
00:15:22,065 --> 00:15:26,145
We came right down to the point of control right here.
266
00:15:26,150 --> 00:15:27,735
Exactly that point of control
267
00:15:32,155 --> 00:15:32,645
here.
268
00:15:33,584 --> 00:15:37,814
Came right to this point of control, right
to that point of control, right off the high.
269
00:15:37,844 --> 00:15:40,275
This one we didn't, right here.
270
00:15:40,275 --> 00:15:43,064
You got your high, you got a lower point of control, but you only came back up here.
271
00:15:43,334 --> 00:15:45,255
Here came right back to that point of control.
272
00:15:45,255 --> 00:15:50,354
So you had the sellers, or say, lack, you know, you got combination, right?
273
00:15:50,354 --> 00:15:53,685
You got the sellers, you got the lack of buyers coming through here
274
00:15:57,104 --> 00:15:57,675
again here.
275
00:16:02,010 --> 00:16:06,720
This one, you know, red bar point of control on
the extreme, you know, which is negative already.
276
00:16:06,720 --> 00:16:08,490
So you should, you know, be paying attention.
277
00:16:08,490 --> 00:16:10,530
You know, maybe we could be moving a little bit lower here.
278
00:16:11,370 --> 00:16:14,550
The next bar obviously is not gonna come right up to that point of control.
279
00:16:14,550 --> 00:16:16,080
You'd have a double top, unfortunately.
280
00:16:16,085 --> 00:16:17,370
But, you know, we came up through it.
281
00:16:17,490 --> 00:16:25,050
Then you get another bar up here, red bar, um, come right to this
point of control here and then, you know, then you continue selling.
282
00:16:33,390 --> 00:16:34,170
Okay, here you go.
283
00:16:34,170 --> 00:16:34,440
Boom.
284
00:16:34,440 --> 00:16:37,200
Another one higher point of control.
285
00:16:38,760 --> 00:16:40,530
Pull right back to that point of control.
286
00:16:41,340 --> 00:16:41,580
Okay.
287
00:16:41,580 --> 00:16:42,570
Here, did it work?
288
00:16:42,575 --> 00:16:43,770
Did it come back to this point of control?
289
00:16:43,770 --> 00:16:44,910
No, it got within a tick of it.
290
00:16:45,450 --> 00:16:47,790
You know, people will say, oh, tick, you know, maybe that's okay.
291
00:16:48,120 --> 00:16:50,820
No, you know, it needs to be exact.
292
00:16:51,405 --> 00:16:53,715
You know, you, it's a game of inches.
293
00:16:54,225 --> 00:16:56,505
You know, it's like football, game of inches, you know?
294
00:16:56,505 --> 00:17:00,465
Here you get the pullback right to that point of control
295
00:17:04,335 --> 00:17:08,685
again here, boom, right to the point of control.
296
00:17:09,885 --> 00:17:13,365
You know, on your way up, green, green, green,
green, green, all higher point of controls.
297
00:17:13,365 --> 00:17:13,935
That's what you like.
298
00:17:13,935 --> 00:17:17,264
Now you're starting to make the move down lower point of controls.
299
00:17:17,385 --> 00:17:20,565
The key is right here, pull up right to that point of control.
300
00:17:23,609 --> 00:17:29,070
Okay, here, you know, you got your green,
your up bar, then it comes right uh, down red.
301
00:17:30,120 --> 00:17:31,649
And then here it starts happening again.
302
00:17:31,649 --> 00:17:32,040
Boom.
303
00:17:32,129 --> 00:17:34,950
You know, what does it do?
304
00:17:34,950 --> 00:17:36,750
It trades right down to that point of control.
305
00:17:38,550 --> 00:17:40,050
You know, the higher point of controls.
306
00:17:40,169 --> 00:17:40,409
Boom.
307
00:17:46,635 --> 00:17:47,355
This one.
308
00:17:47,535 --> 00:17:55,725
You know, I, I didn't wanna put it in there, but again, I was showing you,
you know, this is one way, it didn't come right down to that point of control.
309
00:17:55,725 --> 00:17:56,985
It was one tick above.
310
00:17:57,615 --> 00:18:02,925
Um, you know, but it eventually, it did work out, but
it just went sideways on you for the most part here.
311
00:18:03,660 --> 00:18:03,990
Again.
312
00:18:03,990 --> 00:18:07,080
Yeah, I like it to just be straight rather than just sort of going sideways.
313
00:18:07,080 --> 00:18:12,330
Cuz at this point, you know, you, you're starting
to just trend sideways and it could go either way.
314
00:18:12,360 --> 00:18:16,800
You know, at this point, in this case it did finally
shoot up, but it could just easily have sold off.
315
00:18:25,780 --> 00:18:31,680
You know, I mean, like this, I'd have more confidence in
it going sideways here than I would on on the previous.
316
00:18:32,970 --> 00:18:35,340
But again, you know, he came right up to that point of control.
317
00:18:37,890 --> 00:18:42,600
Hey, that's the same chart, that's the same one.
318
00:18:50,879 --> 00:18:52,170
There you go again.
319
00:18:52,200 --> 00:18:53,100
Right up to that thing.
320
00:18:53,100 --> 00:18:58,440
You know, again, you know, a lot of these charts look
exactly alike wise because you know, this is how it happens.
321
00:18:58,470 --> 00:19:00,030
Why does it happen that way is because.
322
00:19:04,110 --> 00:19:06,120
You know, I, I just, why is this happenings?
323
00:19:06,120 --> 00:19:11,850
Because it happens, because, you know, you got buyers
and sellers, you know, at certain levels, right?
324
00:19:19,410 --> 00:19:19,900
Yeah.
325
00:19:19,900 --> 00:19:20,220
Boom.
326
00:19:20,220 --> 00:19:20,540
Here.
327
00:19:23,340 --> 00:19:26,700
At this level, you know, you had the buyers here again, you got that support.
328
00:19:26,760 --> 00:19:30,240
You know people, you know, I feel like you know Jack and the Beans stock, right?
329
00:19:30,240 --> 00:19:33,600
If you've ever read, you know the story of Jack and the Bean stock, right?
330
00:19:33,600 --> 00:19:35,790
The guy's like, Hey Jack, I got these magic beans.
331
00:19:37,575 --> 00:19:45,555
You know, it'd be like, if someone were to say, Hey, you know, I got this magic
beans that can help you, um, you know, tell where the support is for the next
332
00:19:45,555 --> 00:19:48,705
bar, based on the bar where we're at right now, what would that be worth to you?
333
00:19:48,705 --> 00:19:50,715
You know, of course that'd be worth something to you.
334
00:19:51,285 --> 00:19:54,495
And you know, it, it's, it's showing you there, it's the point of control.
335
00:19:57,795 --> 00:20:02,385
Again, this is a 10 range chart here, 10 Rangey mini chart here.
336
00:20:02,475 --> 00:20:04,665
I mean, it comes right up right there, you know.
337
00:20:05,520 --> 00:20:05,850
Boom.
338
00:20:05,850 --> 00:20:08,940
And these are, and this is a move right off the high, down into new lows.
339
00:20:08,940 --> 00:20:12,480
This is a big move, you know, from 56 down to 50.
340
00:20:14,460 --> 00:20:21,690
Now again, you know, I showed you a lot of great examples of, of them
working on, you know, there's times it doesn't work out for whatever reason.
341
00:20:21,960 --> 00:20:27,570
Um, you know, could be just a change in, in, uh, supply and demand.
342
00:20:27,600 --> 00:20:30,120
You know, here, boom, started to work.
343
00:20:30,120 --> 00:20:30,690
That's what you like.
344
00:20:30,690 --> 00:20:33,780
You got to hire point of control here and it fail.
345
00:20:35,400 --> 00:20:39,240
You know, where are you gonna put your stop, your stop's gonna go somewhere in here.
346
00:20:39,900 --> 00:20:45,690
You know, obviously if you break this point of control, if
it's not a good sign, you know, break the point of control.
347
00:20:45,690 --> 00:20:53,010
Obviously, if you break the low, it's not a good sign, but if you break the point
of control, you know, on, on the initial bar, that's, that's not a good sign.
348
00:20:54,810 --> 00:20:59,430
Um, here you got a couple, uh, where was it?
349
00:20:59,430 --> 00:20:59,640
Here?
350
00:20:59,640 --> 00:20:59,820
This.
351
00:21:02,610 --> 00:21:03,630
Like this one here, right?
352
00:21:03,630 --> 00:21:07,080
So this is a, it's a red bar, but then you got a green bar and it comes back up there.
353
00:21:07,080 --> 00:21:09,000
Well, the market's still going, so I wouldn't count that.
354
00:21:09,000 --> 00:21:10,080
Just as, I wouldn't count this.
355
00:21:10,080 --> 00:21:13,350
I didn't need a red bar, red bar, like this red bar, red bar.
356
00:21:15,060 --> 00:21:17,820
And then we come right back up to that high again.
357
00:21:17,910 --> 00:21:20,850
You know, we, we broke this point of control here.
358
00:21:21,420 --> 00:21:23,100
We violated it in this bar.
359
00:21:23,100 --> 00:21:24,330
That's so, it's not a good sign.
360
00:21:30,570 --> 00:21:35,070
Yeah, here you have fail again.
361
00:21:35,159 --> 00:21:36,149
And it started to work.
362
00:21:36,270 --> 00:21:37,199
It looked like it was going.
363
00:21:37,199 --> 00:21:40,350
Obviously you, you, you run into this bar here that's quite bearish.
364
00:21:40,860 --> 00:21:49,080
Um, it was a bearish ratio and then you just sort of go sideways over the
next couple bars before failing and making that new low and then rallying.
365
00:21:49,139 --> 00:21:52,230
But you know, at that point, you know, here you got this doji bar.
366
00:21:53,655 --> 00:22:00,735
Again, I'm not a big fan of doji bars in the order flow, but
you know, this one is the one I was expecting the move off of.
367
00:22:06,764 --> 00:22:09,915
And again, you here, this one didn't work out.
368
00:22:10,650 --> 00:22:15,600
Again, you know, it started to you, you got your ratio, your
divergence, you got your pull back right up to that point of control,
369
00:22:15,990 --> 00:22:18,840
and then you just started gradually getting higher point of controls.
370
00:22:18,840 --> 00:22:22,230
This one, you know, this is what, this is the one that sort of mucks it all up, right?
371
00:22:22,230 --> 00:22:27,540
You should have a lower point of control in this bar, not
a higher point of control and not, you know, a green bar.
372
00:22:27,810 --> 00:22:33,480
I could go either way with, but I would definitely need a
lower point of control, you know, so seeing a higher point of
373
00:22:33,480 --> 00:22:35,850
control is telling me it's, it's probably not gonna work out.
374
00:22:42,284 --> 00:22:46,304
And again, same reason, similar here.
375
00:22:46,544 --> 00:22:47,804
So you got the point of control there.
376
00:22:50,475 --> 00:22:55,155
You come right back up to it, but then this bar here,
right, you got the higher point of control, right?
377
00:22:55,159 --> 00:23:04,575
You should have, you should be looking at, you know, a lower point of
control in the third bar, not a higher point of control in this third bar.
378
00:23:05,370 --> 00:23:07,110
Then it just goes sideways on you, right?
379
00:23:07,110 --> 00:23:10,590
Then eventually goes up and, and makes a new high and then sells off.
380
00:23:13,770 --> 00:23:18,120
Now, uh, this is a case where it went sideways on you.
381
00:23:18,270 --> 00:23:24,630
Um, everything worked out, looked optically
there, but sometimes it just goes sideways on you.
382
00:23:24,630 --> 00:23:28,260
Here, you got your low, came right down to this point of control.
383
00:23:29,535 --> 00:23:30,525
That's what you like.
384
00:23:31,004 --> 00:23:31,455
Boom.
385
00:23:31,605 --> 00:23:32,895
You know, it's all systems go.
386
00:23:32,985 --> 00:23:36,345
You know, it's nice to see the third bar here is up, but then what happens?
387
00:23:36,345 --> 00:23:36,705
Nothing.
388
00:23:36,710 --> 00:23:41,415
It just goes sideways on you for the rest of the day into, uh, into the close.
389
00:23:42,014 --> 00:23:46,965
You know, shit happens sometimes, uh, you know,
sometimes the market just slows down on you.
390
00:23:47,235 --> 00:23:51,045
Now again, you know not how I like it.
391
00:23:51,105 --> 00:23:52,905
These are some examples, not how I like it.
392
00:23:53,655 --> 00:24:01,305
This one I don't like because, It's not right
to the, it's not to the point of control.
393
00:24:01,305 --> 00:24:09,645
You know, again, it's a tick below, you know, eventually you came back up
to the, the point of control, like, here, but I, I wanna see it here, right?
394
00:24:10,095 --> 00:24:13,875
Because I, I don't wanna just put an X over these two bars here, right?
395
00:24:13,880 --> 00:24:15,615
And just sort of slide everything over.
396
00:24:15,885 --> 00:24:24,325
You know, if you, you got rid of these two bars, it looked beautiful, but, you know,
it's one of those things, you know, you can only trade what the market has given.
397
00:24:25,065 --> 00:24:28,965
And, you know, this is, I, I expect it to happen here.
398
00:24:28,965 --> 00:24:30,345
Then, you know, then sell off.
399
00:24:30,345 --> 00:24:36,675
Not, you know, come on then come back here and get the move
right back to the point of control, then make the move down.
400
00:24:37,005 --> 00:24:39,615
But, you know, I said, well, what can you do?
401
00:24:39,735 --> 00:24:41,265
It's not necessarily how I like it.
402
00:24:41,295 --> 00:24:43,065
Does it mean that it's invalid now?
403
00:24:43,065 --> 00:24:44,145
Not necessarily.
404
00:24:44,505 --> 00:24:46,845
Again, it's up to you as a decision you gotta make.
405
00:24:47,535 --> 00:24:49,515
Now here's again, you know, similar, right?
406
00:24:49,515 --> 00:24:52,515
You got, you got your, your high.
407
00:24:56,564 --> 00:24:59,955
You got your high, then you got your point of control here.
408
00:25:00,435 --> 00:25:01,635
Next bar is green.
409
00:25:01,725 --> 00:25:02,625
Then this bar.
410
00:25:02,685 --> 00:25:04,395
Yeah, you come back up to that point of control.
411
00:25:04,395 --> 00:25:05,774
Then you make the nice move, right?
412
00:25:05,774 --> 00:25:06,014
Yeah.
413
00:25:06,014 --> 00:25:07,304
Then you think, hey, that's a nice move.
414
00:25:07,574 --> 00:25:14,925
Again, you know, it's up to you if you wanna be able to just
sort of put your line, you know, X out this, this information.
415
00:25:15,195 --> 00:25:16,245
But you know, this is a bar.
416
00:25:16,251 --> 00:25:17,415
It did trade there.
417
00:25:17,415 --> 00:25:20,895
I mean, you're talking 15 minutes here of market activity here.
418
00:25:20,895 --> 00:25:26,325
You can't just, you know, Put your thumb over it and, and not, not count it.
419
00:25:26,385 --> 00:25:31,455
Now again, you know, there are people that might want to, you know, say, oh, I'm fine.
420
00:25:31,455 --> 00:25:34,635
I could accept, I could accept this, I could accept this bar like that.
421
00:25:35,115 --> 00:25:38,415
And, you know, again, me, I'm, I'm a traditionalist.
422
00:25:38,835 --> 00:25:43,425
I like to see things, you know, in a certain, in a certain way, visually.
423
00:25:43,935 --> 00:25:47,355
Um, but again, you know, you got some nice things happening up here with Delta.
424
00:25:47,355 --> 00:25:48,465
Like even if you.
425
00:25:49,260 --> 00:25:52,800
You know, if you start putting stuff together,
right, you're thinking, hey, okay, you're high here.
426
00:25:53,070 --> 00:25:57,090
Very strong, positive Delta nine 15, but then here, four 20.
427
00:25:57,480 --> 00:25:57,810
Okay?
428
00:25:57,815 --> 00:26:02,430
It's kinda a little weaker than minus, and then you see minus boom five, minus 5 74.
429
00:26:02,430 --> 00:26:02,760
Fuck it.
430
00:26:02,765 --> 00:26:03,390
I'll get short.
431
00:26:03,570 --> 00:26:09,960
You know, I could accept this and then, you know, if
you did, you know, it's a nice 25 cent move right there.
432
00:26:12,690 --> 00:26:14,550
So the next step, right?
433
00:26:14,550 --> 00:26:18,690
You know, I, I what I showed you is, you know, on highs and lows and days of the day.
434
00:26:18,810 --> 00:26:24,419
Now, you know, the next step is understanding it in the flow of trade during the day.
435
00:26:24,419 --> 00:26:32,310
Now again, you know, not every bar is gonna come back to the previous bar
point of control, but, you know, really what you're looking for are those
436
00:26:32,310 --> 00:26:36,300
moments, you know, those, those moments that, that it happens, right?
437
00:26:36,360 --> 00:26:39,899
Um, you know, it.
438
00:26:41,635 --> 00:26:44,235
It's like, it's like sports.
439
00:26:44,285 --> 00:26:49,995
I, I, I'm always using sporting analogies and
trading, but trading in sports really have Sure.
440
00:26:49,995 --> 00:26:55,695
A lot of similarities and Yeah, it's like football, right?
441
00:26:55,695 --> 00:26:56,235
Soccer.
442
00:26:56,895 --> 00:27:00,315
Soccer is for the most part, a very boring, I'll say, very boring.
443
00:27:00,495 --> 00:27:02,715
It's can be boring at times, right?
444
00:27:03,105 --> 00:27:06,165
But there's just those moments of brilliance, right?
445
00:27:06,170 --> 00:27:12,345
Where somebody, you know, gets control of the ball and puts it in the back
of the net, you know, that's, that's what you live for as a soccer fan.
446
00:27:13,425 --> 00:27:15,885
Football fan, and it's like that with trading, right?
447
00:27:15,885 --> 00:27:19,905
There's a lot of garbage going on during the
day, cuz I only use the term garbage rather.
448
00:27:19,905 --> 00:27:21,615
You know, the market is just facilitating trade.
449
00:27:21,615 --> 00:27:22,635
That's what it's doing, right?
450
00:27:22,639 --> 00:27:24,524
That's what it exists to do.
451
00:27:24,975 --> 00:27:29,865
But then there's times where things just show up and it's just brilliant, right?
452
00:27:29,865 --> 00:27:30,764
You see it here.
453
00:27:31,590 --> 00:27:31,889
Okay.
454
00:27:31,889 --> 00:27:32,100
Boom.
455
00:27:32,100 --> 00:27:33,750
You get your swing, low point of control.
456
00:27:33,750 --> 00:27:34,740
You come right up to it.
457
00:27:34,770 --> 00:27:35,129
Boom.
458
00:27:35,159 --> 00:27:35,760
Okay, great.
459
00:27:36,060 --> 00:27:39,149
And you start rallying, you know, higher points of control, higher points of control.
460
00:27:39,450 --> 00:27:40,919
You get a swing high right here.
461
00:27:41,100 --> 00:27:41,580
What do you do?
462
00:27:41,580 --> 00:27:44,610
You rally right back to that high and then you sell off.
463
00:27:44,639 --> 00:27:47,310
So you know, you're catching it in the flow of trading, right?
464
00:27:47,310 --> 00:27:49,409
That's what you wanna be doing, right?
465
00:27:49,409 --> 00:27:53,520
That's why I, I start by showing it to you at highs or lows of the day.
466
00:27:54,210 --> 00:27:54,480
You know?
467
00:27:54,480 --> 00:28:00,030
Then, you know, once you understand it, once you
understand what to look for, then you take it to that next.
468
00:28:05,565 --> 00:28:06,945
Again, you know here, right?
469
00:28:06,945 --> 00:28:08,925
You're just sort of flowing, ebb and flowing.
470
00:28:08,925 --> 00:28:11,355
Ebb and flowing, and then what do you get?
471
00:28:11,385 --> 00:28:11,655
Boom.
472
00:28:11,660 --> 00:28:12,765
You've got the swing high.
473
00:28:13,455 --> 00:28:15,615
Boom, right to that point of control.
474
00:28:16,155 --> 00:28:24,585
Lower point of control imbalances here, you know, you should be
getting short somewhere in this bar here, you know, 16 area down to 96.
475
00:28:29,805 --> 00:28:30,045
Okay.
476
00:28:30,045 --> 00:28:30,405
Boom.
477
00:28:30,465 --> 00:28:33,254
Again, you know, you're coming down here, you're coming down into the low of the day.
478
00:28:33,254 --> 00:28:33,585
Right here.
479
00:28:33,585 --> 00:28:35,175
You got that selling imbalance, right.
480
00:28:35,625 --> 00:28:40,305
Again, you know, I don't necessarily like to
take selling I balances going right into the low.
481
00:28:40,305 --> 00:28:44,895
I'd prefer to take it, you know, as you broke
through the low, but you know, what do you get here?
482
00:28:47,355 --> 00:28:49,784
So you come down in here, boom, boom, boom, selling a balance.
483
00:28:50,125 --> 00:28:51,585
Everyone's thinking, Hey, you should be getting short.
484
00:28:51,585 --> 00:28:54,314
You know, aggressive sellers are coming in, but market starts rallying.
485
00:28:54,314 --> 00:28:55,574
And then boom, you get this.
486
00:28:56,205 --> 00:28:59,145
You get the move right to the point of control.
487
00:28:59,715 --> 00:29:01,814
Higher point of control, higher point of control.
488
00:29:01,820 --> 00:29:03,254
You're migrating your point of controls.
489
00:29:03,260 --> 00:29:07,845
Higher P POC migration, right there.
490
00:29:07,845 --> 00:29:08,865
It makes this nice.
491
00:29:09,495 --> 00:29:20,025
Steady move up, you know, from, you know, you could be here
45, 20, 45, 28, all the way up to 45, you know, 50, 45, 48.
492
00:29:20,030 --> 00:29:22,575
You know, it's a nice, it's a nice move right there.
493
00:29:23,955 --> 00:29:26,085
So again, you know what to look for.
494
00:29:26,235 --> 00:29:29,265
Look for a high, but then look for the bar and the high to close.
495
00:29:29,265 --> 00:29:30,495
Lower a reversal bar.
496
00:29:30,525 --> 00:29:31,215
Next bar.
497
00:29:31,245 --> 00:29:34,215
Look for a point of control that's lower than the first bar.
498
00:29:34,695 --> 00:29:35,355
But look for.
499
00:29:36,270 --> 00:29:43,740
To pull back right to the point of control of that first bar
and then in the next bar look for a lower point of control.
500
00:29:43,800 --> 00:29:44,010
Right?
501
00:29:44,010 --> 00:29:50,129
I don't care if, if the bar is red or green in the
third bar, but the first two bar should be red.
502
00:29:50,129 --> 00:29:52,889
Now, on a low right, you're gonna be looking for green bars.
503
00:29:52,889 --> 00:29:54,360
You're gonna looking for the market to rally.
504
00:29:54,689 --> 00:29:57,720
You're gonna be looking for the point of controls to migrate higher.
505
00:29:59,340 --> 00:30:04,050
So on a low look for a reversal bar, look for a
bar that close higher look for a green candle.
506
00:30:04,110 --> 00:30:08,820
Next bar should be also green and it should have a higher point of control.
507
00:30:08,825 --> 00:30:15,240
And look for that bar's low to pull right
back to the point of control of the first bar.
508
00:30:15,600 --> 00:30:18,930
Then in the third bar, yeah, you'd like to have a higher point of control.
509
00:30:19,470 --> 00:30:22,935
Um, And you know, you'd like to have a green bar.
510
00:30:22,935 --> 00:30:24,075
Doesn't necessarily have to be green.
511
00:30:24,075 --> 00:30:27,195
It could still be red, but you know, you want to have a green bar.
512
00:30:27,254 --> 00:30:29,774
You know, what you're looking for is, is like this, right?
513
00:30:30,254 --> 00:30:32,685
Green, green point of control pulls right back.
514
00:30:32,685 --> 00:30:34,545
Higher point of control, higher point of control.
515
00:30:34,875 --> 00:30:37,995
And you should be forming a higher point of control in this third bar.
516
00:30:38,565 --> 00:30:43,455
You know, you don't wanna be pulling back here and then all of a
sudden have a bar here where the point of control is down in here.
517
00:30:44,355 --> 00:30:44,774
Right?
518
00:30:45,075 --> 00:30:46,485
And where's your stop gonna be?
519
00:30:46,845 --> 00:30:50,055
Yeah, it, it could be tight, you know, it
could be at this point of control of the first.
520
00:30:50,865 --> 00:30:51,254
Right.
521
00:30:51,254 --> 00:30:53,055
It could be at the point of control right here.
522
00:30:53,595 --> 00:30:55,875
So it's not like you're putting your stop way up here.
523
00:30:55,875 --> 00:30:56,835
It's just right here.
524
00:30:59,024 --> 00:31:02,595
You know, it's gonna give you a nice low risk entry, you know, here.
525
00:31:02,715 --> 00:31:03,524
Where's your stop gonna be?
526
00:31:03,524 --> 00:31:04,935
It's gonna be right here.
527
00:31:05,205 --> 00:31:06,045
Where's your stop on this?
528
00:31:06,045 --> 00:31:07,905
By gonna be, it's gonna be right here.
529
00:31:09,764 --> 00:31:18,255
So, Yeah, hopefully by now you should understand, you know, POC
migration and you know how you can use it to help, you know, find
530
00:31:18,255 --> 00:31:24,825
beginnings of, of trends, you know, when markets are starting to make
a move, you know, that's, that's really what you wanna be doing, right?
531
00:31:24,825 --> 00:31:27,895
You wanna be getting in on moves as, as early as possible.
532
00:31:29,805 --> 00:31:33,585
So thanks for watching this, and I'll see you on the next video.
533
00:31:33,645 --> 00:31:36,465
Um, you know, I said I've got a big stack of them to record.
534
00:31:36,470 --> 00:31:38,175
I've, I've got the slides all done.
535
00:31:38,205 --> 00:31:40,875
It's just, I've just been sick.
536
00:31:41,325 --> 00:31:42,225
There's no other way to say it.
537
00:31:42,315 --> 00:31:45,105
It says, I fucking hate the Philippines, man.
538
00:31:45,105 --> 00:31:49,905
It's like every fucking, every other month I'm, I'm feel like I'm dying out here.
539
00:31:50,115 --> 00:31:52,785
Um, you know, with some virus infection.
540
00:31:53,445 --> 00:31:57,000
Um, I mean, luckily I don't have to go to the hospital.
541
00:31:57,070 --> 00:32:02,490
It was one time I was in the hospital, I was afraid I was gonna
wake up and find, you know, my kidneys missing or something.
542
00:32:03,090 --> 00:32:07,650
But, uh, I, I don't know what it is, the air and that's not the food.
543
00:32:07,650 --> 00:32:11,490
And my wife cooks the food and you know, we eat out at normal restaurants.
544
00:32:11,495 --> 00:32:20,685
But yeah, it is just, Living in the third world isn't, uh, isn't the best place,
but you know, hopefully my wife's visa will be approved in the next couple of weeks.
545
00:32:20,685 --> 00:32:25,425
And, uh, you know, I'll be making these videos
in the US you know, and when I'm not sick.
546
00:32:25,455 --> 00:32:30,675
So, thanks for your patience and uh, I'll see you guys, uh, a bit later.
547
00:32:30,735 --> 00:32:31,155
Bye-bye.
50909
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.