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Okay folks.
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Welcome back.
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This is the first of
eight teachings in the.
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Most of the ICT mentorship, and this
topic is going to be specifically
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dealing with the timeframe, selection
and defining setups for your model.
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Okay.
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For timeframe selection.
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Uh, there's a couple of things that we
break down in general ideas in terms
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for the monthly chart, we use this for
position trading and for folks that are.
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Intraday, um, intolerant.
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That means you can't do
anything in a lower timeframes.
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Uh, the monthly charge backs are
going to do a lot of assistance
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for your trading and your analysis.
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So don't, there'll be discouraged
by the fact that I do a lot of
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intraday work and short-term trading.
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Uh, you'll be shocked to
learn as we go through Smith.
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The precision and the accuracy
that I have as a lot to do with
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the direction that's derived by the
information on the monthly chart.
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But as it is, the monthly
charts are the basis.
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If you will, for our
long-term position trading.
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Now I can admit to you, like
I've done many times in the past.
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I am not a long-term trader.
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I don't have the personality
to hold on to a position.
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Uh, I tend to change my mind a
lot and, uh, that doesn't fit well
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for a long-term position trader.
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So if you're a person that takes a long
time to make a decision, uh, it comes hell
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or high water, you're sticking with it.
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Um, that's probably the avenue that
would best suit you as a trader.
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Now I can't determine that no one can do
that, but you, and that's going to come
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by way of you actually doing trades.
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Uh, if you.
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Scared or if he hit roll, uh, hyper about
the, uh, the short-term nature of trading.
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Uh, if you trade on these longer term
charts or at least trade off of the,
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the ideas that come from the monthly
charts, uh, it removes a lot of the
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price action shock that comes with
intraday trading or short-term trading
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the weekly chart.
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We use that for swinging.
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Now someone trains a little bit
more frequent than long-term doesn't
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trading swing trading is by my
definition, it's typically a one or
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two trades within a three month period.
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So every quarter over the year, in other
words, every three to four months, there's
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going to be a setup that takes place and
you can find them very easily on a weekly.
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Uh, because the weekly chart is much
like the monthly in regards to how
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long it takes to form the setups.
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It takes a great deal of patience.
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And while I am attributed to having a
lot of patients, it's not that great.
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In other words, the, well,
doesn't go that deep.
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I don't have that much of patients.
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So the weekly chart again, while
I may not be trading specifically
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on the setup itself, um, I will.
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Use those ideas to help frame the
short-term trades that I take, or
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even a day trades, but for swing
trading again, for those individuals
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that can't be in the marketplace on a
very intraday minute by minute basis.
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Again, this, the weekly chart
will actually serve you very well.
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And you don't have to do
a whole lot of trading.
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It's a whole lot of time in between
the setups and much like the monthly.
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It removes that, that initial
shock of short-term volatility.
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Now the daily chart, that's where
we do our short-term trading.
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The daily chart to me personally,
I believe this chart is the best
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chart there is because it gives
you the best of both worlds.
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It gives you a long-term perspective.
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It gives you all of the near term banking.
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So all the levels of the banks
would be interested in all the
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large funds would be interested in.
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You can clearly see those
on this daily chart.
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The daily chart also gives us
the framework to do a lot of
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analysis for short-term trading.
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So it has the benefits of higher
timeframe, but not to the degree of
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weekly and monthly, but it does give
you a higher timeframe perspective.
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If we can arrive at strong
analysis reference points in
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terms of institutional order flow.
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If we can look at points at
which there may be stops,
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there may be a liquidity void.
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There may be a fair value gap,
these ideas, and much, like we
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said, in the first month of this
mentorship, what things you should be
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specifically focusing on those ideas.
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If you apply that to the daily
chart, you'll have a plan.
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Of set setups and plenty
of things to trade on.
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Now you can trade on a daily chart
again, if you are the type of trader
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that hasn't the opportunity to trade
in front of the charts, be in the
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intraday price action, or again, if
you're not comfortable trading and
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there's lower timeframes, the daily
chart does a very good job of saying.
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Uh, swing traders and short-term traders.
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So that to me is the reason why I
liked the daily chart, the best.
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If there was a, uh, uh, a chart selection,
I had someone hold a gun to my head, which
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chart would I like to trade off of it, it
would be the daily chart because it gives
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you a great deal of range to work within.
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It gives you the interbank levels
to be monitoring where stops will be
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residing, um, where longterm objectives
would be seen in form of liquidity,
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uh, above or below the marketplace.
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Again, I counseled you that can't
be in the day trading models that
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we use to try to at least try
your analysis on the daily charts.
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You can try to work on those specifically.
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Timeframes.
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And if you still feel very sensitive
or, or scared, or if you have a lot
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of inflammation, uh, emotional or,
uh, influence over your emotions by
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watching price on daily charts seems
a little still too fast for you.
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Move up to the weekly chart.
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Okay.
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There's nothing wrong with doing that.
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It just takes a lot more time.
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And unfortunately, some of you that are
listening, you may have a business and you
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may have a lot of things going on in life.
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Maybe you're a college student.
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Okay.
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Maybe you can't be in, in, in front of
the price action on an intraday basis.
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Uh, when we trade these hard timeframes,
you're going to see that there's a lot
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of movement available, but you gonna
have to submit to a lot of times.
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And obviously four hours
or less is day trading.
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And we're not gonna speak too much about
day trading in this particular teaching.
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Cause there's a lot of things that we
got to go in regards to day-trading
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and your specific concepts that are
inherently related to time of day.
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So while we're not going to
teach that here, the focus is
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tying same timeframe, selection.
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In what timeframe are we using
these specific timeframes for.
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Now defining setups for your model.
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Now it's important as a mentor, I don't
try to force you into a specific mold.
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Uh, it's never been my goal to give
you a copy may be just like ICT.
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Uh, that's not gonna work.
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It's never going to work for anyone.
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Uh, but it does give you a goal.
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It gives you a framework to work within
while striving for, um, replication of
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some of the things you probably see me.
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Uh, you're going to discover the
trader that actually resides in you.
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And when that happens and no one knows
when that's going to occur, uh you'll know
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it by experience being in the marketplace,
looking for specific things and studying
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and one day, and it sounds like, you
know, a fairy tale, but it really is.
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You'll have an epiphany where all
of these things will suddenly make
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sense to you and you'll know what
type of trader you want to be.
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And what's even better
is, is you actually know.
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Setups digital, like, um, it's one
thing for me to say, I like a four hour
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turtle suit sell into a bear shorter
block that's seen on a daily chart.
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Well, that might be a set
up that you can't wait for.
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Okay.
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It may require you a lot more
patients than you have to do that.
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Um, That same setup, if it was done on
say for instance, a weekly turtle suit.
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So into a monthly bear, shorter
block, I can't wait for that.
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I would never have any trading
opportunities because they
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don't happen that often.
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But if it just happens to be the time
when you look at the charts and you
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see that formation, and obviously
that's your setup, but your pattern
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or your bread and butter go-to setup.
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Once you understand it, it's
applicable on all these timeframes.
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What makes the timeframe, selection,
process unique and why it's
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important for you as the trader to
determine how you're going to trade
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it is because you're comfortable.
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And your psychological makeup as
a trader has to align with that.
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So in other words, your patience
level, your aptitude and your life.
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I mean, this is be real about it.
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Your, your life has to allow you
the ability to be in front of the
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charts or at least to do the analysis
and then execute on that analysis.
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So when we look for setups, we have
to find setups that are uniquely
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defined for your specific trading.
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And a lot of folks will say, you
know, I C T you got a lot of tools.
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You have a lot of things that, you
know, you, you have a ton of things.
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Okay.
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Do we have to know all these things?
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No, that's the, that's the benefit
of studying conceptually in modular
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things, because you'll quickly ascertain
whether or not a specific pattern
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or, or concept, um, gels with you.
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In other words, does it
resonate with you as a trader?
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You're going to find that some
of the systems and things out
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there and the analysis aren't.
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Uniquely attractive to you as a trader.
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And I, I experienced that
as a trader coming up.
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It wasn't a lot of things out there
that I got excited about, but the few
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things that I did in early, early in
my days, it was a commitment of traders
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report, accumulation, distribution,
um, things of, uh, relating to.
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Patterns.
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I like the patterns.
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Cause I wanted to see specific
things that repeat because obviously
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like anything else, you know, if
you can see something coming, you
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know, obviously you know what to do,
should you see an opportunity coming?
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Uh, the problem is as many of the
things I was studying, I couldn't
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find them real time or before
they actually came to fruition.
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So as I refined my trading model and
specifically dealt with institutional
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order flow and price, Then suddenly
it was like the veil was lifted and
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I had blinders removed from my eyes.
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Then I could see setups that made very
specific, um, formations and they had
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specific criteria that I can really
define and make it very objective about
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how I trade, which is what I was looking
for as a trader into my first started.
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But when I first started, I was
looking at indicators thinking
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that was gonna be the answer.
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And you probably, if you're listening,
uh, you probably have had that.
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Feeling like you want to feel informed.
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You want to feel like, you know what
you're looking for, but because you
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don't, and it's normal for you to not to
know what that is when you first start
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trading, even for some that, uh, waffle
for the first couple of years and they
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still can't find the rhythm, uh, they
will sometimes look to an indicator to
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give them a, a reason to do something.
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And because of this, they need
to be told something outside of
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their own ability to you decide.
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Sometimes you'll, you'll see the indicator
will lead you to a set up, but then
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most of the time it really doesn't.
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And it's because most of
your trades are linked to a
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mathematically derived indicator.
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When we look at setups, we're
looking at specifically finding
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unique characteristics that repeat
themselves over and over again in
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price action, because there are generic
characteristics and traits and price
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action that repeat over and over again.
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They're not limited to any
one of these specific times.
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So when we look for specific setups,
we're going to find a setup that we
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individually, as a trader, like the
most, the one that we can see easily.
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And you're gonna see that while
some of them overlap, some of them
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won't overlap, but they still will
give you an opportunity to be in the
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marketplace in the right direction.
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So a trend trader that's one model that a
trader can be using all my concepts with.
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Uh, you're gonna be trading
only in the direction of the
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monthly and weekly charts.
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So in other words, if the monthly and
weekly are indicating that's going to be
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a bearish marketplace, you're going to
only be trading short and holding on to
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these positions for a great deal of time.
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If it's bullish on a monthly and
a weekly chart, obviously you're
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going to look for by saving those.
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Are you going to hold it?
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For a great deal of time.
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That is the nature of a trend trading.
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And again, I am not a
long-term position trader.
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So while I try that early on in
my career, it didn't fit me and
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it didn't take them off handsy.
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So I'm a short-term trader now swing
trader, which I've done a lot in my early
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days, but because I found that it was more
of a lower for me to be in the marketplace
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more than just a couple of times a month.
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00:14:06,260 --> 00:14:09,890
A swing trader they're trading the
daily intermediate term price action.
225
00:14:10,370 --> 00:14:14,870
And you're going to see there's
a lot of setups that require you
226
00:14:14,870 --> 00:14:16,340
to sit on your hands and wait.
227
00:14:16,610 --> 00:14:21,470
And, but when they form and you position
yourself in them, they offer stellar
228
00:14:21,650 --> 00:14:25,699
rewards and a Dade this go on and on
and on, and the payouts are amazing.
229
00:14:26,180 --> 00:14:28,760
But again, it requires a
great deal of patience.
230
00:14:29,030 --> 00:14:30,199
So I can tell you as your men.
231
00:14:31,185 --> 00:14:34,185
I just don't have a lot of patience
for swing trading on a daily chart.
232
00:14:34,214 --> 00:14:36,824
It takes, takes two months
time to wait for the setups
233
00:14:36,885 --> 00:14:38,745
and for the trades to pan out.
234
00:14:38,865 --> 00:14:41,805
I want my money to have velocity.
235
00:14:42,224 --> 00:14:45,015
In other words, I want to be able to
put my money at work, let it do its
236
00:14:45,015 --> 00:14:50,594
thing, get my return, and then compound
that returned rate and my base equity
237
00:14:50,745 --> 00:14:54,645
and put it back to work again into
something that gives me more velocity.
238
00:14:54,885 --> 00:14:57,675
So when I say these things, I'm not
trying to talk there's individuals
239
00:14:57,675 --> 00:14:59,714
that are comfortable trading
on a monthly chart or a weekly.
240
00:14:59,714 --> 00:14:59,775
Yeah.
241
00:15:01,380 --> 00:15:04,470
I'm trying to tell you that me
personally, what I found about myself
242
00:15:04,470 --> 00:15:10,230
as a trader, my defined setups are on
a lower timeframe than the daily chart.
243
00:15:10,620 --> 00:15:17,940
So it requires a little bit more dynamic
study and time in front of the charts.
244
00:15:18,210 --> 00:15:21,030
But that's what my unique model is.
245
00:15:21,120 --> 00:15:26,490
I Excel in that, that approaches
trading you again, may not be.
246
00:15:27,194 --> 00:15:31,035
Set up psychologically or emotionally
prepared to trade like that.
247
00:15:31,185 --> 00:15:32,324
And there's nothing wrong with that.
248
00:15:32,324 --> 00:15:35,865
So don't think that I'm trying to
force you into a specific trading
249
00:15:35,865 --> 00:15:38,354
model or a mode of trading.
250
00:15:38,655 --> 00:15:44,655
You're going to discover that as
we go through these 12 months also,
251
00:15:44,655 --> 00:15:48,165
you're going to learn, this is how
I started as a contract and trader.
252
00:15:48,344 --> 00:15:48,724
Okay.
253
00:15:48,765 --> 00:15:51,615
Now it doesn't always
mean that being contrary.
254
00:15:52,605 --> 00:15:53,475
Way to go about it.
255
00:15:53,475 --> 00:15:56,295
And it doesn't mean that, uh,
not being a contrarian is the
256
00:15:56,295 --> 00:15:57,585
right way, always as well.
257
00:15:57,975 --> 00:16:02,475
Uh, there's gonna be times when to
be a contrary and trader is optimal.
258
00:16:03,045 --> 00:16:05,145
And what you're basically doing
is, is you're trading reversal
259
00:16:05,145 --> 00:16:06,555
patterns, that market dreams.
260
00:16:06,945 --> 00:16:11,145
So when the market's really gone
a great distance higher, and it's
261
00:16:11,145 --> 00:16:14,265
been moving higher for a long
period of time, uh, eventually it's
262
00:16:14,265 --> 00:16:16,815
going to hit a specific level or
a significant level, I should say.
263
00:16:17,580 --> 00:16:20,400
Uh, usually, and typically
it's on a higher timeframe, uh,
264
00:16:20,460 --> 00:16:22,200
able create reversal patterns.
265
00:16:22,200 --> 00:16:24,840
Now it doesn't mean that the market's
going to reverse and create a top there.
266
00:16:24,840 --> 00:16:30,420
It can, sometimes it will, but you can
still trade reversal patterns at extreme
267
00:16:30,420 --> 00:16:35,040
moves or what would be referred to as
capitulation where the market just moves.
268
00:16:35,070 --> 00:16:38,310
Extremely know that last
bit of burst higher.
269
00:16:38,580 --> 00:16:41,760
If it's been bullish or that
quick sudden drop with a great
270
00:16:41,760 --> 00:16:43,320
deal of magnitude going lower.
271
00:16:43,620 --> 00:16:44,850
And it usually makes the low.
272
00:16:46,690 --> 00:16:50,140
Uh, gen generally, sometimes you're
going to see that, uh, there will be
273
00:16:50,140 --> 00:16:53,650
times where you want to be contrarian
and see that move as a blow off move.
274
00:16:53,950 --> 00:16:55,000
And it's the end of the move.
275
00:16:55,540 --> 00:16:58,480
And you could probably get some
really good setups in the form of
276
00:16:58,480 --> 00:17:02,230
a reversal pattern, but it doesn't
always have to require capitulation.
277
00:17:02,230 --> 00:17:05,410
It could be on a short-term basis
where if you watch the daily chart,
278
00:17:06,100 --> 00:17:07,960
we may go above a previous month time.
279
00:17:08,620 --> 00:17:13,150
And that may be a really good selling
scenario to sell short, but not forever,
280
00:17:13,420 --> 00:17:14,650
but it's still an opportunity to.
281
00:17:18,335 --> 00:17:21,575
And then for short-term trading,
which again, that's what I excelling
282
00:17:22,744 --> 00:17:25,474
you trading the weekly ranges and
you're holding for typically about
283
00:17:25,474 --> 00:17:26,974
one to five days in duration.
284
00:17:29,525 --> 00:17:32,495
And then obviously set ups that are
found for the day traders model.
285
00:17:32,625 --> 00:17:36,755
What you're trading intraday swing trading
with exits by 2:00 PM, New York time.
286
00:17:37,565 --> 00:17:42,215
And when we look at this, this is
the actual, uh, broad brush idea of
287
00:17:42,215 --> 00:17:44,195
everything that I do as a trader.
288
00:17:44,225 --> 00:17:48,965
Everything I've done as a trader,
how I excelled from using long-term
289
00:17:48,965 --> 00:17:50,315
higher timeframe charts down to.
290
00:17:51,560 --> 00:17:55,460
What we're seeing here in, uh,
number five and number four, uh, in
291
00:17:55,460 --> 00:18:00,290
respective, uh, terms of timeframe,
selection, uh, four hour or less.
292
00:18:00,300 --> 00:18:05,780
That's, you know, where I Excel at and
my setups are day trading in nature
293
00:18:05,780 --> 00:18:10,580
now, again, because I have a universal
application and I have experienced doing
294
00:18:10,580 --> 00:18:15,830
all these types of trading, uh, just
because I don't be like the trade on a
295
00:18:15,830 --> 00:18:17,450
monthly or weekly or daily all the time.
296
00:18:18,139 --> 00:18:19,550
What I'm actually telling you is, is.
297
00:18:20,820 --> 00:18:26,850
I can do that, but because of my appetite
for more action, and because I want to put
298
00:18:26,850 --> 00:18:30,930
my money at work faster, get it ready to
return and then put it back to work again.
299
00:18:31,860 --> 00:18:36,240
So I can turn it in and capitalize
on velocity, turning my money over
300
00:18:36,240 --> 00:18:37,290
and over and over again quicker.
301
00:18:37,800 --> 00:18:40,980
Uh, I have adopted the
mindset that that's my goal.
302
00:18:40,980 --> 00:18:41,730
That's my pursuit.
303
00:18:41,730 --> 00:18:45,930
So therefore, to do that more
efficiently and expediently, it's
304
00:18:45,930 --> 00:18:48,270
going to be in the form of day
trading or in short term trades.
305
00:18:49,230 --> 00:18:49,950
Do not.
306
00:18:49,950 --> 00:18:53,730
Let me convince you or try to talk
you into that's the best way to go
307
00:18:53,730 --> 00:18:55,860
because it's not, it's not for everyone.
308
00:18:56,430 --> 00:18:58,350
So you can still compound your money.
309
00:18:58,500 --> 00:19:01,590
Exceedingly well trading on
a higher timeframe charts.
310
00:19:01,680 --> 00:19:05,580
Believe me, it's not about
the setups or the timeframe.
311
00:19:05,880 --> 00:19:10,200
It's about your unique
alignment with the setup.
312
00:19:11,070 --> 00:19:14,820
And the timeframe that meets the
happy medium for you as a trader,
313
00:19:15,120 --> 00:19:16,439
because all of us have a family.
314
00:19:16,469 --> 00:19:20,040
All of us have real-world
tug of wars that take place.
315
00:19:20,070 --> 00:19:22,620
You know, some of us have spouses
that require a lot of our time.
316
00:19:23,459 --> 00:19:25,439
Some of us are in high
maintenance relationships.
317
00:19:25,439 --> 00:19:27,209
Some of us are in
codependent relationships.
318
00:19:27,570 --> 00:19:29,520
Some of you are not in a relationship.
319
00:19:29,760 --> 00:19:30,090
Okay.
320
00:19:30,120 --> 00:19:34,120
Some of you are, you're doing
things that are going to be a, uh,
321
00:19:34,120 --> 00:19:37,590
a barrier to you doing a lot of
trading or a lot of studying, and
322
00:19:37,590 --> 00:19:38,800
it's going to require you to do a lot.
323
00:19:39,480 --> 00:19:43,500
Research and action in those
higher timeframe, monthly and
324
00:19:43,500 --> 00:19:45,210
weekly charts in your daily.
325
00:19:45,450 --> 00:19:52,920
But if I were to counsel you and you were
going to listen to me, I would suggest
326
00:19:52,920 --> 00:19:54,090
that you start in the daily chart.
327
00:19:54,570 --> 00:19:57,090
Um, even if you're going to know it
in your heart of hearts, that you're
328
00:19:57,090 --> 00:19:59,700
going to be, try to be a day trader,
uh, start with the daily chart.
329
00:20:00,120 --> 00:20:02,700
Uh, cause the daily daily chart is
going to be a really good bellwether.
330
00:20:03,300 --> 00:20:06,810
Um, it's just the one that will
give you everything you need to do.
331
00:20:07,860 --> 00:20:11,430
With a lot of the higher
timeframe, uh, reference points.
332
00:20:11,820 --> 00:20:14,910
And it also gives you the directional
bias that everybody looks for.
333
00:20:14,910 --> 00:20:17,820
And they're always asking by way of
email, you can tell me how to get
334
00:20:17,820 --> 00:20:21,120
in, where, where to buy and how do I
know today's going to be up or down?
335
00:20:21,180 --> 00:20:23,580
Well, you find that on the daily
chart that tells you everything.
336
00:20:24,720 --> 00:20:28,680
And once you go through this teaching
and the next teaching with institutional
337
00:20:28,680 --> 00:20:30,340
order flow, you'll see how easy.
338
00:20:30,340 --> 00:20:33,660
And, uh, the, the daily bias is
really, it's not that hard, but
339
00:20:33,660 --> 00:20:35,580
the problem is, is trusting.
340
00:20:35,580 --> 00:20:37,710
It that's, that's the hard part.
341
00:20:45,370 --> 00:20:47,050
I just take a look at a monthly chart.
342
00:20:47,320 --> 00:20:47,649
Okay.
343
00:20:48,220 --> 00:20:52,000
And the monthly chart it's premise or.
344
00:20:53,250 --> 00:20:58,320
Uh, influence in your analysis is it's the
long-term price action reference for the
345
00:20:58,320 --> 00:21:00,480
largest price, action swings and trading.
346
00:21:01,290 --> 00:21:03,840
Now trading setups that take a
great deal of time like this.
347
00:21:03,840 --> 00:21:10,199
They form in a timeframe that most people
can't bring themselves to trade, but
348
00:21:10,199 --> 00:21:13,949
when they unfold, these setups that you
see in the monthly chart, they tend to
349
00:21:13,949 --> 00:21:16,020
unfold over a period of many months.
350
00:21:16,530 --> 00:21:19,290
Uh, they don't just happen
like little blips on a five
351
00:21:19,290 --> 00:21:20,100
minute or one minute chart.
352
00:21:20,100 --> 00:21:21,629
They just go on and on and on.
353
00:21:22,845 --> 00:21:25,575
Now due to the length of time, this
chart requires to present, set up
354
00:21:26,235 --> 00:21:30,675
trading into the direction of most
recent setup can yield the lowest risk
355
00:21:30,675 --> 00:21:32,235
with the highest reward conditions.
356
00:21:32,685 --> 00:21:38,055
Now, what I mean by that is when you
have the directional bias or trend,
357
00:21:38,055 --> 00:21:39,465
I'll say it with quotation marks.
358
00:21:39,885 --> 00:21:42,705
Uh, if you can see where the market's
going to most likely go on a monthly
359
00:21:42,705 --> 00:21:47,055
chart, you have a great deal of
advantage by trading in that direction.
360
00:21:47,145 --> 00:21:51,285
Even if you don't catch the actual
move that creates the optimal.
361
00:21:52,185 --> 00:21:57,825
For a sell or a buy because it's a monthly
chart, the very nature of its timeframe.
362
00:21:58,395 --> 00:22:03,645
It gives us a great deal of time to still
capture moves in that same directional
363
00:22:03,645 --> 00:22:05,685
bias or in that trend direction.
364
00:22:06,315 --> 00:22:08,895
Now swings that form on the monthly chart.
365
00:22:08,925 --> 00:22:12,705
Obviously they can be several hundreds
of pips and it's going to require
366
00:22:12,795 --> 00:22:14,055
a long period of time to unfold.
367
00:22:15,165 --> 00:22:19,245
Well, let's take a look at a sample size
of price action on a monthly chart here.
368
00:22:19,875 --> 00:22:21,735
Now, obviously we just turn our charts on.
369
00:22:21,915 --> 00:22:24,885
We look at, and this is what's recently
happened here and all of a sudden,
370
00:22:24,915 --> 00:22:28,875
the very next month we see that, okay,
we weren't watching price closely.
371
00:22:29,115 --> 00:22:33,794
This particular market was, uh, unclear
to us at the time, but right away now we
372
00:22:33,794 --> 00:22:35,584
know that there's somebody in the market.
373
00:22:36,345 --> 00:22:37,335
Moving price around.
374
00:22:37,605 --> 00:22:38,295
Okay.
375
00:22:38,325 --> 00:22:42,015
Go back to the very first teaching
in this mentorship, where I tell
376
00:22:42,015 --> 00:22:45,105
you to look for markets that want
to show a strong, willingness to
377
00:22:45,105 --> 00:22:46,755
move away from a particular level.
378
00:22:47,265 --> 00:22:51,165
Now, prior to that down move, we saw
price in a small little consolidation.
379
00:22:51,825 --> 00:22:55,395
That's 600 pips or so in a in range.
380
00:22:55,635 --> 00:22:58,785
And then finally the market
broke down on a monthly basis.
381
00:22:58,845 --> 00:23:01,905
So each one of these candles
represents a month's worth of data.
382
00:23:04,715 --> 00:23:08,765
And eventually the market
takes in greater deal of a
383
00:23:09,575 --> 00:23:12,125
magnitude, lower it surges lower.
384
00:23:12,455 --> 00:23:14,945
And again, take a look at
how many pips this would be.
385
00:23:15,335 --> 00:23:21,095
And obviously this is the Euro USD,
the move from fifty nine fifty.
386
00:23:21,275 --> 00:23:25,505
We'll call it all the way down to 24 50.
387
00:23:25,895 --> 00:23:26,285
Okay.
388
00:23:26,825 --> 00:23:29,795
That's a lot of pips, a lot of pips.
389
00:23:30,245 --> 00:23:32,015
Now, when you see this.
390
00:23:33,975 --> 00:23:37,815
Rather shocking when you view it in
terms of how many pips are available
391
00:23:38,055 --> 00:23:42,105
and it takes you three months to cover
that much distance or a little bit,
392
00:23:42,165 --> 00:23:43,485
well, four months to cover it really.
393
00:23:44,145 --> 00:23:50,445
So in four months, the Euro dollar
trades, a couple of thousand pips.
394
00:23:51,015 --> 00:23:51,495
Okay.
395
00:23:52,095 --> 00:23:58,245
Now again, each one of these ranges
are specifically a monthly range.
396
00:23:58,245 --> 00:23:59,775
In other words, the highest port.
397
00:24:00,854 --> 00:24:03,284
For each individual candle is
the highest traded to the most
398
00:24:03,284 --> 00:24:05,175
for that particular month.
399
00:24:05,895 --> 00:24:08,235
And the low, the candle is the
lowest that traded for that month.
400
00:24:08,625 --> 00:24:12,375
The opening is where the month started
trading and it closes the last trading
401
00:24:12,405 --> 00:24:17,655
day of the month where it closed in
these individual monthly candles.
402
00:24:17,685 --> 00:24:20,334
There are a plethora upset.
403
00:24:21,255 --> 00:24:24,045
Think about what you had there, you
roughly have about 20 trading days
404
00:24:24,045 --> 00:24:27,615
without holidays included, you know,
things of that nature and non-prime
405
00:24:27,615 --> 00:24:31,365
payer, which we don't trade, but we'll
say roughly it's about 20 trades, 20
406
00:24:31,365 --> 00:24:34,215
trading days per one of these candles.
407
00:24:34,425 --> 00:24:40,335
So every one of these bars represents
20 potential trading days now
408
00:24:40,365 --> 00:24:42,195
inside of those daily candles.
409
00:24:42,405 --> 00:24:42,675
Okay.
410
00:24:42,675 --> 00:24:44,205
If we were to break them down, okay.
411
00:24:44,205 --> 00:24:46,245
There are individual setups.
412
00:24:48,145 --> 00:24:53,695
Now also then I skipped over
this inside of these candles of
413
00:24:54,055 --> 00:24:56,095
representation of monthly data.
414
00:24:56,515 --> 00:25:00,775
There are typically about four
weekly candles and again, inside
415
00:25:00,775 --> 00:25:03,775
the weekly candle, there's a great
deal of opportunities in there.
416
00:25:04,075 --> 00:25:08,245
So I want you to think like
that when we look at a seat.
417
00:25:09,360 --> 00:25:09,810
Okay.
418
00:25:09,870 --> 00:25:14,790
If I were to show you a seed, let's
say for instancy a apple seed, I
419
00:25:14,800 --> 00:25:16,410
placed an apple seed inside your Palm.
420
00:25:16,770 --> 00:25:20,070
And I asked you what you see,
obviously most of you would have very
421
00:25:20,070 --> 00:25:22,680
myopic view and say, well, you know,
obviously it's, it's an apple seed.
422
00:25:22,680 --> 00:25:26,430
I know I've seen it before, but
I want you to have that view
423
00:25:26,430 --> 00:25:27,720
where you see the apple seed.
424
00:25:27,720 --> 00:25:28,140
Yes.
425
00:25:28,170 --> 00:25:32,550
But you see the potential that
apple seed and how many trees that
426
00:25:32,550 --> 00:25:34,350
one seed could produce over time.
427
00:25:35,639 --> 00:25:41,070
And with the, um, the, the creation
of all these new trees, the obvious
428
00:25:41,250 --> 00:25:42,870
is that you'll have more apples.
429
00:25:43,290 --> 00:25:49,379
So when we look at these hard timeframes,
we look at as that's that seed.
430
00:25:49,680 --> 00:25:50,159
Okay.
431
00:25:50,370 --> 00:25:55,889
That really high probability trade
scenario exists in the monthly.
432
00:25:57,920 --> 00:26:00,440
Now, most of you don't want to
spend time on a monthly chart.
433
00:26:00,470 --> 00:26:03,410
Most of you could care less about
what that monthly chart says or
434
00:26:03,410 --> 00:26:06,500
what's done because there's no magic
in the monthly chart because it
435
00:26:06,500 --> 00:26:08,540
takes what a whole month to create.
436
00:26:10,070 --> 00:26:12,440
The problem is that's
the wrong perspective.
437
00:26:13,010 --> 00:26:16,730
You need to look at the monthly chart
and say, Hey, you know what, um, if
438
00:26:16,730 --> 00:26:19,400
the monthly charts moving around, okay.
439
00:26:19,760 --> 00:26:23,660
And the monthly charts having sensitivity
at specific levels, uh, who would
440
00:26:23,660 --> 00:26:24,860
be moving price around on these.
441
00:26:25,845 --> 00:26:28,395
And obviously the answer would
be large banks and institutions.
442
00:26:28,845 --> 00:26:33,225
So if we have that mindset, we can go
into the monthly chart with a great deal.
443
00:26:33,315 --> 00:26:33,555
More.
444
00:26:34,620 --> 00:26:39,030
Of appreciation saying, okay,
well, I know that the market's
445
00:26:39,030 --> 00:26:41,100
going to be driven by deep pockets.
446
00:26:41,100 --> 00:26:44,340
If it's going to push price around
on the monthly chart, there's a great
447
00:26:44,340 --> 00:26:48,960
deal of deep pockets, smart money
banks, institutions, they're all going
448
00:26:48,960 --> 00:26:50,190
to be in here pushing price around.
449
00:26:50,610 --> 00:26:53,790
So it's in your best interest
to understand what that monthly
450
00:26:53,790 --> 00:26:56,970
truck's going to do and what it
has already done in this case.
451
00:26:56,970 --> 00:26:59,250
Let's just say we opened the first
chart and we saw the Euro dollar
452
00:26:59,250 --> 00:27:01,139
here, and this is what we see.
453
00:27:01,740 --> 00:27:02,190
So right away.
454
00:27:04,929 --> 00:27:06,939
Without having any other
forms of reference.
455
00:27:06,969 --> 00:27:07,179
Okay.
456
00:27:07,179 --> 00:27:08,260
We don't need anything like that.
457
00:27:08,919 --> 00:27:11,709
And this is how I'm trying to tell
you understanding price action.
458
00:27:11,770 --> 00:27:12,790
It's very pure.
459
00:27:13,990 --> 00:27:17,620
I don't need to know where trend is
prior to this sample size and data.
460
00:27:18,760 --> 00:27:21,370
I don't need to know what
indicators are indicating.
461
00:27:21,429 --> 00:27:22,030
Bullshit.
462
00:27:22,320 --> 00:27:23,830
Bearishness I don't need
to know that either.
463
00:27:24,310 --> 00:27:27,969
I don't need to know what crossing overs
of any moving average that took place.
464
00:27:28,689 --> 00:27:30,580
I just think that aware
has priced moved away.
465
00:27:31,879 --> 00:27:34,160
And was it that was it with
a great deal of magnitude?
466
00:27:34,190 --> 00:27:39,350
Yes, obviously we moved away very
strongly from, uh, uh, consolidation
467
00:27:39,350 --> 00:27:47,030
around the, uh, uh, 51 or 52
level up to the 59 50 level.
468
00:27:47,150 --> 00:27:47,450
Okay.
469
00:27:47,450 --> 00:27:53,930
So we had about 700 foot range or so,
and when we see this all the way, I
470
00:27:53,930 --> 00:27:57,980
want you to view prices, your eyes
goes immediately to that last one.
471
00:27:58,995 --> 00:28:03,165
Because we understand that smart
money is going to sell in up moves.
472
00:28:04,395 --> 00:28:07,695
They sold in up candle, capita and range.
473
00:28:07,965 --> 00:28:10,754
And then finally it broke down
below that up candles low.
474
00:28:11,685 --> 00:28:14,865
So now the point is, yes,
you've missed that boat.
475
00:28:15,465 --> 00:28:16,635
The opportunities missed you.
476
00:28:16,695 --> 00:28:20,325
You couldn't sell short there because
we're going to assume that we're now just
477
00:28:20,325 --> 00:28:24,825
looking at the chart for the first time
you as a trader can say, okay, I know
478
00:28:25,395 --> 00:28:29,700
that if it gets back up to that candle,
And again, this is the monthly chart.
479
00:28:30,180 --> 00:28:35,010
I'm going to have a trade and I'm
going to define that trade by way
480
00:28:35,010 --> 00:28:37,200
of that specific up candles low.
481
00:28:38,700 --> 00:28:42,330
So eventually when price does
that, we have many months
482
00:28:42,330 --> 00:28:43,500
before it actually does it
483
00:28:47,950 --> 00:28:48,820
over a year.
484
00:28:48,880 --> 00:28:49,750
Transpires.
485
00:28:50,860 --> 00:28:53,590
Now thinking about this
now over a year transplant.
486
00:28:55,040 --> 00:28:59,480
Before price returns back to that up
candles low, or that bear shorter block.
487
00:29:00,020 --> 00:29:04,580
But as soon as it hits
it, then you have a setup.
488
00:29:05,420 --> 00:29:08,480
Now, the question is, is
when price hits that, okay.
489
00:29:09,560 --> 00:29:12,560
It takes a long time to get
to that particular level.
490
00:29:13,879 --> 00:29:17,810
But as price was trading around
that 1 27 30 level, and eventually
491
00:29:17,810 --> 00:29:22,850
it trades through the 1 30, 50
level up through the 100 3200.
492
00:29:23,850 --> 00:29:24,210
Okay.
493
00:29:24,480 --> 00:29:27,810
We have indication that the price is
probably going to want to go back up
494
00:29:29,100 --> 00:29:36,389
and there are stops obviously around
that 1 46 level with that big up candle
495
00:29:39,389 --> 00:29:41,040
right here is big up
Canada, right in here.
496
00:29:42,149 --> 00:29:45,870
It's is gonna be stop stressing about that
high again, thinking about that concept
497
00:29:45,870 --> 00:29:49,590
that I gave you what to focus on now in
the September content of this mentor.
498
00:29:50,940 --> 00:29:55,320
So we have this candle breaking above
this down candle, this bullish candle
499
00:29:55,320 --> 00:29:59,010
here, and all of a sudden, now we
have a willingness to zoo to do what
500
00:29:59,010 --> 00:30:03,210
we expect to see price, try to trade
back down into this down candle.
501
00:30:04,020 --> 00:30:07,379
And it does it here so we can
expect to see bullishness here.
502
00:30:07,680 --> 00:30:11,129
So if we see this, we know that there
may be some bullishness on the upside.
503
00:30:11,550 --> 00:30:12,000
Okay.
504
00:30:12,510 --> 00:30:12,990
And price.
505
00:30:13,784 --> 00:30:15,675
May reach up above safety stops.
506
00:30:15,675 --> 00:30:18,824
And if it does that, it may reach back
up here to this bear sorter block.
507
00:30:19,304 --> 00:30:22,365
So when it finally gets back up
to that, they're a shorter block.
508
00:30:23,774 --> 00:30:28,725
We've had two instances where we can
see where price on a monthly chart
509
00:30:28,725 --> 00:30:30,705
broke down, should all be down here.
510
00:30:30,975 --> 00:30:34,665
We can see the bearish candle here
that was violated on the upside.
511
00:30:35,385 --> 00:30:36,935
And then the returns back into that.
512
00:30:38,220 --> 00:30:40,890
So we can see bullishness in the
form of bullet shorter block.
513
00:30:41,550 --> 00:30:45,330
In that case, we can see that price
has a willingness to potentially range
514
00:30:45,810 --> 00:30:50,100
expand up into that return to that
bear shorter block right over here.
515
00:30:50,850 --> 00:30:56,250
But when it does hit this, when it finally
hits that particular level there, the
516
00:30:56,250 --> 00:31:02,670
question is, is where would price likely
trade to next one, the monthly chart.
517
00:31:03,000 --> 00:31:05,610
Again, this is no different
than what you've seen me do on
518
00:31:05,610 --> 00:31:06,930
a 15 minute chart, an hourly.
519
00:31:07,845 --> 00:31:12,435
Or are you on a daily chart, but what,
where would you reasonably expect to
520
00:31:12,435 --> 00:31:19,005
see price trade from once it trades at
this level here, but what's under there.
521
00:31:20,475 --> 00:31:24,075
We got basically equal lows, but
look at the buyers of the candles.
522
00:31:24,075 --> 00:31:24,495
Also.
523
00:31:25,125 --> 00:31:28,485
It's too clean way to
clean now again, thanks.
524
00:31:28,515 --> 00:31:30,555
This is a monthly chart folks month.
525
00:31:34,190 --> 00:31:37,220
If we are looking at this right
now for the first time, and we sit
526
00:31:37,220 --> 00:31:39,740
in front of our charts and say,
okay, I see this level being hit.
527
00:31:40,610 --> 00:31:41,900
What could we do with this?
528
00:31:43,340 --> 00:31:51,870
Obviously we can expect to see price
trading lower, but why, why lower below
529
00:31:51,870 --> 00:31:55,020
those lows is going to be what cell stops?
530
00:31:55,110 --> 00:31:55,940
Now the question is.
531
00:31:57,680 --> 00:32:01,340
Who in their right mind would
have cell stops below that low.
532
00:32:02,270 --> 00:32:06,050
And the answer to your equate
question is, is large funds,
533
00:32:06,890 --> 00:32:09,770
large funds long-term trend.
534
00:32:09,770 --> 00:32:13,580
Following funds will have stop
loss orders rate below that low.
535
00:32:14,270 --> 00:32:18,140
They will leave stops in for a
very, very long time, and they
536
00:32:18,140 --> 00:32:20,330
have lots of money in play.
537
00:32:21,170 --> 00:32:24,230
So when the market trades are
that basically that 50, 80.
538
00:32:25,755 --> 00:32:28,155
And it goes lower and expands lower.
539
00:32:28,395 --> 00:32:31,725
It's rushing down to get to
those stops that are residing
540
00:32:32,865 --> 00:32:34,725
below the 22, the 1 22 level.
541
00:32:35,535 --> 00:32:39,195
And look at that last candle before
it blows out the lows here, all
542
00:32:39,195 --> 00:32:42,795
these lows in here, that last candle,
when it hits it, look what it does.
543
00:32:42,795 --> 00:32:43,935
Explodes the run out.
544
00:32:43,935 --> 00:32:45,675
Those particular stops.
545
00:32:46,635 --> 00:32:49,035
Now again, I want to remind
you that this is a month.
546
00:32:50,655 --> 00:32:56,025
So if we see this and we can outline where
the market may reach up into, which took a
547
00:32:56,025 --> 00:33:05,565
trade, a duration of six months to unfold,
but it took over 13 months to set up.
548
00:33:07,635 --> 00:33:13,935
It took 13 months for this, basically the,
the trade up to get back to an area where
549
00:33:13,935 --> 00:33:15,825
we would see a setup form on the month.
550
00:33:17,010 --> 00:33:22,020
But then once the formation comes
into fruition, for how many months
551
00:33:22,020 --> 00:33:27,090
it takes to unfold, we got 1, 2,
3, 4, 5, 6 candles or six months.
552
00:33:27,899 --> 00:33:29,550
Look how much acceleration there is.
553
00:33:29,760 --> 00:33:34,110
It's half the time, half the
time it took for this chart to
554
00:33:34,110 --> 00:33:35,430
unfold and set up the set up.
555
00:33:35,940 --> 00:33:38,610
And then half the time,
or basically six months
556
00:33:41,970 --> 00:33:45,500
to get down to these stops in this.
557
00:33:46,695 --> 00:33:47,115
Okay.
558
00:33:47,445 --> 00:33:49,755
In this setup, I'm going
to ask you a question.
559
00:33:51,315 --> 00:33:57,635
What type of trader are you when
price was hitting that 50, 75
560
00:33:57,645 --> 00:33:59,865
to 50, 80 level or thereabouts?
561
00:34:00,975 --> 00:34:02,535
What type of trader would you be there
562
00:34:08,255 --> 00:34:12,815
when price is most likely going to come
down and clear out those stops, you
563
00:34:12,815 --> 00:34:14,175
have several opportunities that you.
564
00:34:15,255 --> 00:34:19,815
You can be a possession trader and be
short around that 1 50, 80 level 1 51.
565
00:34:20,594 --> 00:34:25,395
And look for a move all the
way down to the one 20 twos.
566
00:34:27,045 --> 00:34:32,955
I think about that that's enormous
amount of time and potential range.
567
00:34:34,685 --> 00:34:35,764
Could you take that trait?
568
00:34:35,975 --> 00:34:38,915
Do you have the wherewithal
to hold onto it personally?
569
00:34:38,915 --> 00:34:40,565
I, I couldn't hold that long.
570
00:34:41,505 --> 00:34:43,935
But does that mean I can't
trade this idea or these
571
00:34:43,964 --> 00:34:46,005
perspectives on, on a Euro dollar?
572
00:34:46,545 --> 00:34:53,955
If I can see 51 big figure 1, 1 51, or we
return back to that bear shorter block.
573
00:34:54,194 --> 00:34:57,495
As we're noting here to orange
level, when price is trading there,
574
00:34:57,495 --> 00:35:00,015
it spent two, two months giving
you an opportunity to get on.
575
00:35:02,845 --> 00:35:06,175
If you see that and the reasonable
expectation would be okay, well,
576
00:35:06,205 --> 00:35:07,495
there's some equal loads down there.
577
00:35:07,495 --> 00:35:08,965
It's probably gonna take
a long time to do it.
578
00:35:09,325 --> 00:35:16,465
But between the 1 51 level that we'll say,
and the 1 22 level, there's our range.
579
00:35:17,485 --> 00:35:22,735
So between those two reference points,
we have a known range to work within.
580
00:35:23,305 --> 00:35:26,755
Now, again, this is a monthly chart
before all these down candles.
581
00:35:27,855 --> 00:35:30,495
We have the potential range identified.
582
00:35:30,944 --> 00:35:33,915
So we can now break this down and
say, okay, I already know where
583
00:35:33,975 --> 00:35:39,015
price may likely go relative to the
monthly chart to how can we use this
584
00:35:39,015 --> 00:35:43,995
information going forward and go across
all the spectrum of types of trading.
585
00:35:45,674 --> 00:35:52,334
Again, it's over 2,900 pips for
that price swing 2,900 plus pips.
586
00:35:54,630 --> 00:35:58,259
So let's take a look at this way on
a weekly chart and refine that more
587
00:35:58,530 --> 00:36:05,580
in terms of defining setups for your
trading model is that same price swing.
588
00:36:05,880 --> 00:36:07,470
And we're now looking
at it on a weekly chart.
589
00:36:07,500 --> 00:36:10,050
Now this is an intermediate term
price action reference point.
590
00:36:10,530 --> 00:36:13,680
So everything we see here is
on the scale of intermediate.
591
00:36:15,134 --> 00:36:18,015
So obviously, because it's a weekly
chart, it still takes a great deal
592
00:36:18,015 --> 00:36:19,305
of time for these things to set up.
593
00:36:19,544 --> 00:36:22,995
But it's a lot more refined when we
break it down into a weekly chart,
594
00:36:22,995 --> 00:36:24,134
you can see a lot more detail.
595
00:36:27,314 --> 00:36:30,674
We can see obviously when the
market trades back up into previous
596
00:36:31,274 --> 00:36:34,064
institutional reference points like
this down candle, right before the
597
00:36:34,064 --> 00:36:36,645
move up this down candle is a breaker.
598
00:36:37,145 --> 00:36:37,725
Is it breaking?
599
00:36:37,725 --> 00:36:40,214
It's breaking the old high
here running out stops.
600
00:36:41,044 --> 00:36:43,035
This breaker is lower than this one.
601
00:36:44,250 --> 00:36:47,040
So we're going to have to refer to
that one here as an initial run-up
602
00:36:47,850 --> 00:36:50,520
trades up into this range, right there.
603
00:36:50,850 --> 00:36:52,050
There's a selling opportunity.
604
00:36:52,770 --> 00:36:56,490
We already know that the range is
potentially going to expand the run out
605
00:36:56,760 --> 00:36:59,340
based on the monthly chart that this
was where the liquidity is going to be.
606
00:36:59,430 --> 00:37:00,270
What kind of liquidity?
607
00:37:00,570 --> 00:37:02,070
Large fund liquidity.
608
00:37:03,060 --> 00:37:06,420
So the market expands goes lower
and then consolidates again,
609
00:37:07,080 --> 00:37:09,750
the trades lower and comes right
back up into what a bear shorter.
610
00:37:10,860 --> 00:37:13,740
So you can expect to see what
another opportunity to sell off.
611
00:37:14,160 --> 00:37:14,430
Why?
612
00:37:14,430 --> 00:37:19,110
Because you're trading in the direction
of the multi chart, but now you expecting
613
00:37:19,110 --> 00:37:24,030
the weekly chart to expand, and it's
going to most likely expand down into this
614
00:37:24,030 --> 00:37:25,680
level where liquidity will be resting.
615
00:37:29,830 --> 00:37:33,220
We could take this one step further
and refine it down into a daily chart.
616
00:37:34,540 --> 00:37:38,140
Now, obviously the daily chart is
going to be a short-term action basis.
617
00:37:39,075 --> 00:37:42,915
Timeframe where you can see all of
the intermediate and you can see
618
00:37:42,915 --> 00:37:47,115
the short-term highs and lows in the
marketplace, but more specifically, you
619
00:37:47,115 --> 00:37:51,944
can see how you can actually frame your
short-term trades and your day trades.
620
00:37:52,154 --> 00:37:54,435
Now, again, we're not going to talk about
day trading for this model here, but
621
00:37:54,705 --> 00:37:57,765
for short term trading, we're going to
look at specifics that deal with that.
622
00:37:59,955 --> 00:38:04,995
We know that the range is defined
from a known high and a known low,
623
00:38:05,415 --> 00:38:07,754
the highest where that bearish
order block was on the month.
624
00:38:09,015 --> 00:38:12,075
The low at which we're aiming
for was those lows on the Moffitt
625
00:38:12,075 --> 00:38:13,305
chart where it equal lows.
626
00:38:13,605 --> 00:38:15,285
So we know the stops of
arresting below that.
627
00:38:15,735 --> 00:38:19,335
So if we know that we can take our fib
and lay it across those two reference
628
00:38:19,335 --> 00:38:23,745
points and by doing so, we end up doing
what we start grading that price swing.
629
00:38:25,305 --> 00:38:28,605
So these levels that we have here, these
horizontal lines there areas at which the
630
00:38:28,605 --> 00:38:32,205
market should see new setups for them.
631
00:38:32,235 --> 00:38:32,895
Now here's the thing.
632
00:38:32,895 --> 00:38:34,845
We knew the range before
he'd actually trades.
633
00:38:35,820 --> 00:38:40,890
So we can anticipate new trading
scenarios or ideas to form in our charts
634
00:38:41,100 --> 00:38:46,890
when price trades at this particular
level and setups will form in close
635
00:38:46,890 --> 00:38:48,540
proximity to these levels as well.
636
00:38:48,810 --> 00:38:53,580
So every time we see this as the first
quarter lower from the high down to the
637
00:38:53,580 --> 00:38:57,090
low, so this is a 25% of that range.
638
00:38:57,390 --> 00:38:57,990
We see a setup.
639
00:38:58,980 --> 00:38:59,370
Okay.
640
00:38:59,790 --> 00:39:00,750
Market trades lower.
641
00:39:01,140 --> 00:39:02,310
We go into equilibrium.
642
00:39:02,760 --> 00:39:05,850
The market does what it trades lower comes
right back to equilibrium and expands.
643
00:39:05,850 --> 00:39:07,530
Again, it comes back one more time.
644
00:39:07,800 --> 00:39:09,990
Returns into the range sells off again.
645
00:39:10,560 --> 00:39:14,070
Market sells off, comes back up,
fills in a void, sells off again.
646
00:39:14,070 --> 00:39:17,370
One more time and closes,
hits the Terminus of the move.
647
00:39:18,870 --> 00:39:21,540
Now think all these things that
we've been teaching so far,
648
00:39:21,540 --> 00:39:22,500
they're repeating themselves.
649
00:39:22,500 --> 00:39:25,410
But the thing is, this was
all outlined on a month.
650
00:39:26,325 --> 00:39:31,275
But the trading ideas are refined further
by breaking down the monthly chart into
651
00:39:31,275 --> 00:39:34,605
a weekly chart, and then a weekly chart,
breaking that down into a daily chart.
652
00:39:37,085 --> 00:39:42,965
Now, as a pattern trader or a
set-up seeking trader, like you
653
00:39:42,965 --> 00:39:46,025
all are, uh, there's several
things that we do in the ICU.
654
00:39:49,140 --> 00:39:52,589
We look for optimal trade
entries, which is a simple
655
00:39:52,589 --> 00:39:55,080
return back into a known range.
656
00:39:56,290 --> 00:39:58,649
And that's the only indicator
based ideas I like to use.
657
00:39:58,649 --> 00:40:01,980
And it's based on fifth and returning
into a known, uh, open range.
658
00:40:03,419 --> 00:40:07,200
The, the other ones are
obviously order block.
659
00:40:08,040 --> 00:40:11,460
And then their stop runs, which
we classically call the turtle
660
00:40:11,460 --> 00:40:14,310
soup, which is a false breakout,
which is what you're seeing here.
661
00:40:15,000 --> 00:40:19,710
Every instance we see on this chart,
we have a short-term high here.
662
00:40:20,100 --> 00:40:24,750
Now think inside this shaded area,
the monthly chart, we used it to frame
663
00:40:24,900 --> 00:40:30,750
what, the idea that we were going
to go long-term lower as we are in
664
00:40:30,750 --> 00:40:36,090
this shaded area, until it ultimately
hits the 2175 level or so we're
665
00:40:36,090 --> 00:40:37,140
going to be bearish on the market.
666
00:40:38,725 --> 00:40:42,564
So we'd look for what the
marketplace on the daily chart to
667
00:40:42,564 --> 00:40:44,995
seek liquidity above old highs.
668
00:40:45,714 --> 00:40:46,765
Why would they want to do that?
669
00:40:49,105 --> 00:40:53,455
The market's traded lower, the short term
high, relatively equal to this one here.
670
00:40:53,694 --> 00:40:56,274
There's going to be buy stocks,
resting above that short-term high.
671
00:40:56,814 --> 00:40:59,214
They run above it and then explodes lower.
672
00:41:00,085 --> 00:41:00,444
Okay.
673
00:41:01,165 --> 00:41:04,134
We have a short term hot
here, market trades above it.
674
00:41:05,250 --> 00:41:06,540
And then explodes lower.
675
00:41:06,840 --> 00:41:10,140
I want you to notice every single time
that the market takes out a short-term
676
00:41:10,140 --> 00:41:14,130
high just by a little bit, and then
quickly accelerates it on the downside.
677
00:41:14,160 --> 00:41:15,450
Why is that taking place?
678
00:41:15,720 --> 00:41:20,070
Because they're absorbing liquidity
on the buy side, they want to pair
679
00:41:20,070 --> 00:41:24,300
up their orders to sell into those
known participants that want to S they
680
00:41:24,300 --> 00:41:26,040
want to buy here with their trailed.
681
00:41:26,040 --> 00:41:28,680
Stop-loss in the form of a buy stock.
682
00:41:28,680 --> 00:41:30,660
This think about if you're short,
how do you protect your position?
683
00:41:31,380 --> 00:41:32,220
You put, buy, stop above.
684
00:41:33,450 --> 00:41:36,270
And then typically what'll happen is
the market will come back and knock you
685
00:41:36,270 --> 00:41:40,050
out and you'll start cussing, or the
market will move away in your favor.
686
00:41:40,050 --> 00:41:42,630
And then you can look for another point
at which you want to lower that stop-loss
687
00:41:42,660 --> 00:41:44,160
protecting and locking in profit.
688
00:41:45,420 --> 00:41:49,650
Well, what we do is we look for these
opportunities in the form of false
689
00:41:49,650 --> 00:41:54,750
breaks, above and old high, with the
idea on a higher timeframe chart that
690
00:41:54,750 --> 00:41:56,640
indicates that price may go lower.
691
00:41:57,060 --> 00:41:58,380
So this is like a holy grail.
692
00:41:59,875 --> 00:42:01,645
Where it's absolutely barn burner.
693
00:42:01,674 --> 00:42:04,765
You get in there and you look for a short
term high to be laid on a daily chart.
694
00:42:05,424 --> 00:42:11,245
Look how many times it does it in the
scope of all these many days, but look
695
00:42:11,245 --> 00:42:13,134
at the logical areas at which it does it.
696
00:42:13,165 --> 00:42:17,245
It's close to those, those grades that
we did on the overall total price swing
697
00:42:17,245 --> 00:42:20,065
that we expect to see it does it here.
698
00:42:20,605 --> 00:42:21,445
We have it here.
699
00:42:21,924 --> 00:42:22,375
We have it here.
700
00:42:23,645 --> 00:42:26,885
We don't see it in here, but who got
onto a lot of timeframe, you will see
701
00:42:26,885 --> 00:42:29,285
it in MEC, another one in here as well.
702
00:42:30,005 --> 00:42:39,335
So when we look at price, okay, if you
are looking to trade, only stop runs.
703
00:42:40,085 --> 00:42:40,445
Okay.
704
00:42:40,475 --> 00:42:44,045
You first have to know why the stock run
would be necessary or why it would be
705
00:42:44,045 --> 00:42:45,695
influential in terms of price action.
706
00:42:46,265 --> 00:42:48,425
And you get that from the higher timeframe
like we'd showed with the monthly.
707
00:42:50,129 --> 00:42:54,390
You hold onto that bias until
clearly you're in, you're
708
00:42:54,390 --> 00:42:55,140
showing that you're wrong.
709
00:42:55,169 --> 00:42:57,299
In other words, this thing could
easily turn around here and
710
00:42:57,299 --> 00:43:00,839
started trading all the way up and
started getting violently bullish.
711
00:43:01,379 --> 00:43:04,200
And that would have obviously
make you change gears or at
712
00:43:04,200 --> 00:43:06,029
least put Paul's on the notion.
713
00:43:06,029 --> 00:43:09,960
You expect to see the Euro dollar to
trade lower, but until it does that,
714
00:43:10,200 --> 00:43:13,230
or it hits the Terminus or whether we
ultimately think the price is going
715
00:43:13,230 --> 00:43:15,600
to go, we stay with that mindset.
716
00:43:16,230 --> 00:43:16,529
We stick.
717
00:43:17,625 --> 00:43:22,545
So if you're not a stop run,
set up trader, in other words,
718
00:43:22,545 --> 00:43:23,775
you can't see turtle sleeps.
719
00:43:23,805 --> 00:43:29,205
If you don't have the ability
to trust that or note at what
720
00:43:29,205 --> 00:43:30,765
you're selling into, okay.
721
00:43:30,825 --> 00:43:36,345
Is a high probability scenario where it's
going to see an explosion in the higher
722
00:43:36,345 --> 00:43:41,865
timeframe direction in this case down,
uh, there's other things you can trade and
723
00:43:41,865 --> 00:43:44,275
they come in way of breakers and various.
724
00:43:46,109 --> 00:43:50,490
Now, obviously the whole mood starts
back here with that monthly bearish
725
00:43:50,520 --> 00:43:51,810
order block that it trades up into.
726
00:43:52,049 --> 00:43:56,220
But looking at it, does, it comes in
the formation of a turtle suit or a
727
00:43:56,220 --> 00:44:00,060
false break or run above equal highs,
taking out the bus, the bus stops.
728
00:44:00,120 --> 00:44:02,129
And then what happens in
market surge as quickly.
729
00:44:02,640 --> 00:44:03,000
Okay.
730
00:44:03,359 --> 00:44:07,170
And then we had that previous
turtle soup here, but now look,
731
00:44:07,410 --> 00:44:08,819
say you can't see the turtle suit.
732
00:44:08,940 --> 00:44:09,629
No problem.
733
00:44:09,660 --> 00:44:10,649
There's absolutely no problem.
734
00:44:11,370 --> 00:44:12,509
This down candle, right?
735
00:44:13,530 --> 00:44:15,870
Right before the move up
above this short-term high.
736
00:44:16,080 --> 00:44:17,400
That down candle is a breaker.
737
00:44:17,460 --> 00:44:18,960
And you'll learn about
that in this mentorship.
738
00:44:19,620 --> 00:44:23,790
But as price is trading in here and
trades back up into the breaker, you can
739
00:44:23,790 --> 00:44:26,070
now expect to see price to trade lower.
740
00:44:26,070 --> 00:44:26,760
And it does that.
741
00:44:28,080 --> 00:44:31,080
We have another breaker in here, down
candle, right before the up mood.
742
00:44:31,080 --> 00:44:32,190
It takes out a previous high.
743
00:44:32,760 --> 00:44:34,170
So you can't see the turtle soup here.
744
00:44:34,200 --> 00:44:34,770
No problem.
745
00:44:35,070 --> 00:44:37,560
See it in hindsight, the
market's already moved down here.
746
00:44:37,560 --> 00:44:38,840
When trades back up into that.
747
00:44:39,630 --> 00:44:40,350
You can go short.
748
00:44:41,040 --> 00:44:44,460
Well, what about if you are an optimal
straight entry trader, you pull the
749
00:44:44,460 --> 00:44:45,900
fit from this high down to this low.
750
00:44:46,140 --> 00:44:46,710
You'll get a second.
751
00:44:46,710 --> 00:44:47,310
I'm set and placement.
752
00:44:47,310 --> 00:44:47,700
Why we're here.
753
00:44:47,730 --> 00:44:48,779
Optimal trading should get short.
754
00:44:49,500 --> 00:44:49,890
Okay.
755
00:44:50,220 --> 00:44:51,779
Then you have another breaker here.
756
00:44:51,810 --> 00:44:55,049
You have a down candle right before
this move above the short term high.
757
00:44:55,380 --> 00:44:55,620
Okay.
758
00:44:55,620 --> 00:44:59,490
When price trades back up, up to it
here, you get short at that breaker.
759
00:44:59,759 --> 00:45:00,270
Sell off.
760
00:45:00,330 --> 00:45:00,630
Boom.
761
00:45:00,990 --> 00:45:01,799
What about this one here?
762
00:45:01,830 --> 00:45:03,360
This is a bearish order block.
763
00:45:03,509 --> 00:45:04,470
Last up candle, right?
764
00:45:04,470 --> 00:45:07,650
For this down move returns to that level.
765
00:45:08,940 --> 00:45:09,420
And there it is.
766
00:45:09,720 --> 00:45:14,100
What you're doing is you're using
the higher timeframe and you're using
767
00:45:14,100 --> 00:45:17,160
your defined setup for your model.
768
00:45:18,150 --> 00:45:22,770
If you're a trader that's focusing on
being short, you need to identify what
769
00:45:22,770 --> 00:45:24,000
pattern you're going to be looking for.
770
00:45:24,030 --> 00:45:26,640
It could be one or two, but
it's important to know one.
771
00:45:26,790 --> 00:45:28,440
You only need one good pattern.
772
00:45:28,920 --> 00:45:32,790
And I only have really technically
three, I trade inside of a room.
773
00:45:34,130 --> 00:45:37,670
Okay, where I'm pulling back
into, uh, uh, an exposed range.
774
00:45:37,760 --> 00:45:38,150
Okay.
775
00:45:38,180 --> 00:45:42,440
Or if it's bullish and it rallies up, I'm
waiting for the pullback to close in that
776
00:45:42,440 --> 00:45:43,820
range, and then I'm gonna buy it again.
777
00:45:45,050 --> 00:45:51,710
Or I'm selling at a bear shorter block,
or I'm selling short into a runnable,
778
00:45:51,710 --> 00:45:53,420
a Prius high for, for some stops.
779
00:45:54,260 --> 00:45:56,090
And I'm only taking three setups.
780
00:45:56,090 --> 00:45:59,030
There's only really three setups that
I trade I'm trading inside the range.
781
00:46:00,060 --> 00:46:03,210
If there's nothing that I can see as a
violation above the old, higher, below,
782
00:46:03,210 --> 00:46:08,370
old, low I'm selling above the previous
high, if I'm bearish or I'm selling
783
00:46:08,370 --> 00:46:11,850
at a previous bearish order block, if
I don't believe that it's necessary
784
00:46:11,850 --> 00:46:15,270
to go up to those stops and you'll
learn when those conditions are there.
785
00:46:15,300 --> 00:46:18,510
Cause I know what you're thinking,
that's the thing I need to know ICT.
786
00:46:18,510 --> 00:46:19,200
That's the one.
787
00:46:19,410 --> 00:46:22,050
Cause if I, if it's me trading back
to a bear's order block, but it
788
00:46:22,050 --> 00:46:23,400
could potentially be a turtle soup.
789
00:46:23,580 --> 00:46:26,370
How do I know which one you're
going to learn that, but I got to
790
00:46:26,370 --> 00:46:27,240
give it to you in pieces of it.
791
00:46:30,780 --> 00:46:36,390
So again, when we look at the market like
this and we have our timeframe selection,
792
00:46:36,480 --> 00:46:39,930
and then we have our setups for our
particular trading model, and that model
793
00:46:39,930 --> 00:46:41,430
is going to be defined by you over time.
794
00:46:41,460 --> 00:46:43,410
No, one's going to be able to
tell you, this is how you do it.
795
00:46:43,890 --> 00:46:44,310
Okay.
796
00:46:44,490 --> 00:46:45,690
I'm giving you suggestions.
797
00:46:46,230 --> 00:46:49,230
And the three setups that I particularly
trade, you're going to be able to
798
00:46:49,260 --> 00:46:53,580
gravitate to one of them and it may be
order blocks, but for some of you, the
799
00:46:53,580 --> 00:46:55,230
order block is going to be problematic.
800
00:46:55,230 --> 00:46:56,100
It's going to be, I don't know which one.
801
00:46:57,000 --> 00:47:00,330
But you'll clearly see where the stop runs
are and you'll be able to trade turtle
802
00:47:00,330 --> 00:47:02,759
suits, but maybe you can't do that either.
803
00:47:03,780 --> 00:47:05,310
Well, you'll trade in liquidity voids.
804
00:47:05,790 --> 00:47:06,120
Okay.
805
00:47:06,150 --> 00:47:09,540
You'll wait for the price to come back
down and close in a range and then
806
00:47:09,600 --> 00:47:11,009
you'll wait for expansion to happen.
807
00:47:11,610 --> 00:47:16,770
But the point is these three forms
of discipline that I use for sure.
808
00:47:18,194 --> 00:47:20,355
They always exist in all timeframes.
809
00:47:20,835 --> 00:47:24,855
And it doesn't matter if you like
order blocks and your best friend and
810
00:47:24,855 --> 00:47:28,665
you're trading, uh, studying with, and
you're comparing notes with which you
811
00:47:28,665 --> 00:47:31,935
really shouldn't be doing by the way,
as I say that and this mentorship.
812
00:47:32,265 --> 00:47:36,674
But if, uh, if you're, if you're seeing
other people talk about their ability to
813
00:47:36,674 --> 00:47:41,115
do certain things, Feel frustrated that
they are excelling in an understanding of
814
00:47:41,174 --> 00:47:47,115
order blocks and you are struggling, but
you can see the turtle suit run on stops.
815
00:47:47,685 --> 00:47:49,515
That's your pattern don't force it.
816
00:47:49,515 --> 00:47:52,305
Don't try to just because the order
blocks or somebody has shown a lot of
817
00:47:52,305 --> 00:47:53,745
trades because they can see the roadblock.
818
00:47:54,194 --> 00:47:58,125
There's no preference over this it's
whatever I see at the time when I turn it.
819
00:47:59,445 --> 00:48:01,875
And if there's a void and it
comes back into that void,
820
00:48:01,875 --> 00:48:02,745
I know what I'm going to do.
821
00:48:02,805 --> 00:48:05,895
I'm going to look for that run to
try to run that previous high that
822
00:48:05,895 --> 00:48:10,055
we, if we rallied up and we created
a liquidity void on the upside, and
823
00:48:10,055 --> 00:48:12,765
when it trades back down to that
range, I'm going to buy it with the
824
00:48:12,855 --> 00:48:13,904
expectation it's going to make it.
825
00:48:14,879 --> 00:48:16,399
And that's the only setup I'm looking for.
826
00:48:16,560 --> 00:48:18,359
I'm not looking for 5,000 pips.
827
00:48:18,810 --> 00:48:21,419
I'm just looking for that known
range and you'll learn all that.
828
00:48:22,140 --> 00:48:27,390
But don't think that I'm forcing
anyone to be any one particular
829
00:48:27,390 --> 00:48:32,160
trader, but you will learn these
three conditions in the marketplace.
830
00:48:32,160 --> 00:48:34,259
Cause that's the only
three I trade with today.
831
00:48:35,069 --> 00:48:36,180
I don't do anything outside of that.
832
00:48:36,180 --> 00:48:36,870
I don't trade.
833
00:48:37,860 --> 00:48:38,910
Well, rural patterns.
834
00:48:38,970 --> 00:48:42,810
I don't trade, uh, you know, uh, all
the things that I shared the past,
835
00:48:42,810 --> 00:48:47,130
they were all hallmarks of my, you
know, coming up as a trader, but
836
00:48:47,130 --> 00:48:48,780
I don't do all those things today.
837
00:48:48,870 --> 00:48:51,570
I only trade these three things
and I don't need anything more.
838
00:48:51,570 --> 00:48:55,170
In fact, I could just reduce it
to one, but because I like a lot
839
00:48:55,170 --> 00:48:58,830
of action, um, I, I will look for
these three things every single day
840
00:48:58,860 --> 00:49:00,120
across the charts and I'll find.
841
00:49:01,170 --> 00:49:02,490
And I've seen I've, I've shown it to you.
842
00:49:02,490 --> 00:49:03,960
I've proven to you on a daily basis.
843
00:49:04,470 --> 00:49:07,320
When you understand these three
characteristics and price action,
844
00:49:07,800 --> 00:49:14,010
nothing evades you, not a reversal,
not a trend falling pullback, and not
845
00:49:14,010 --> 00:49:16,230
a expansion out of a consolidation.
846
00:49:16,260 --> 00:49:17,490
Nothing will evade.
847
00:49:17,490 --> 00:49:21,570
You you'll have everything you
need to know in a repertoire and a
848
00:49:21,570 --> 00:49:24,270
toolbox to trade any market profile.
849
00:49:24,960 --> 00:49:27,540
So with that, I'm going to wish
you good luck and good trading.
75293
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