Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:48,080 --> 00:00:48,170
Okay.
2
00:00:49,400 --> 00:00:50,000
Okay, folks.
3
00:00:50,090 --> 00:00:54,740
Welcome back to the system for teaching
of eight of the November, 2016 content.
4
00:00:55,620 --> 00:00:56,730
But the ICT mentorship.
5
00:00:57,809 --> 00:00:57,959
Okay.
6
00:00:57,959 --> 00:01:01,620
We're going to talk about
some anticipatory skillsets.
7
00:01:02,099 --> 00:01:07,229
And one of the skillsets that I teach
is using the monthly chart, but this
8
00:01:07,229 --> 00:01:12,509
teaching is going to be specifically
dealing with, um, using institutional
9
00:01:12,509 --> 00:01:16,110
order flow to help you find new setups.
10
00:01:19,320 --> 00:01:20,220
When we look at the monthly.
11
00:01:24,830 --> 00:01:27,890
The first thing I remember is
remind yourself that the monthly
12
00:01:27,890 --> 00:01:31,880
charts only going to move with
a great deal of money behind.
13
00:01:32,865 --> 00:01:34,545
These price swings and retails.
14
00:01:34,545 --> 00:01:35,655
It's not going to have it.
15
00:01:36,255 --> 00:01:42,075
The idea of seeing the ranges on a
monthly chart, that's going to be a
16
00:01:42,585 --> 00:01:47,595
result of enormous amounts of buying
or selling interest by the smart money.
17
00:01:48,615 --> 00:01:51,075
Again, retail can't move price.
18
00:01:51,135 --> 00:01:56,505
So if we can see where they're most
likely going to place orders to buy or
19
00:01:56,505 --> 00:02:00,975
sell, and we can see it on the monthly
chart, we stand to make a great deal.
20
00:02:01,710 --> 00:02:05,759
Of pips and we don't have to treat a
whole lot to do it, but I want you to
21
00:02:05,759 --> 00:02:11,760
think about the opens, the highs, the
close, and the low of every single
22
00:02:11,760 --> 00:02:20,310
candle on a monthly chart over the
last three months, I repaired that you,
23
00:02:20,370 --> 00:02:22,260
uh, that you have on your platform.
24
00:02:22,650 --> 00:02:25,079
This is a good study, not to trade
every single pair, but I want you
25
00:02:25,079 --> 00:02:29,579
to go back over every pair that
you think is of interest to you.
26
00:02:30,690 --> 00:02:34,200
And have the open high, low, and
close delineated on a monthly
27
00:02:34,200 --> 00:02:36,030
chart over the last three months.
28
00:02:36,360 --> 00:02:37,830
So that would look like
this we're in November.
29
00:02:37,830 --> 00:02:44,970
Now two years, October, September,
August, and having those reference
30
00:02:44,970 --> 00:02:52,230
points on your chart and having those
levels, uh, transposed into your lower
31
00:02:52,230 --> 00:02:54,750
timeframes, bring a great deal of clarity.
32
00:02:56,060 --> 00:02:59,570
Now you may have a few overlapping
levels like this, uh, chart.
33
00:02:59,570 --> 00:03:02,929
We have a couple of different opens and
closes that are real close to proximity.
34
00:03:03,769 --> 00:03:04,339
That's okay.
35
00:03:05,030 --> 00:03:08,209
But I want you to find the
most recent down candle.
36
00:03:09,920 --> 00:03:10,940
That would be this one here.
37
00:03:15,030 --> 00:03:15,390
There you go.
38
00:03:15,899 --> 00:03:21,690
And then prior to this down
candle, what up candle exists?
39
00:03:23,549 --> 00:03:27,450
So in other words, if this is the down
candle, you got to go above it's high.
40
00:03:28,620 --> 00:03:32,760
So it's high is if I
can get it to show up.
41
00:03:33,660 --> 00:03:33,959
Okay.
42
00:03:34,260 --> 00:03:35,640
The high is 31 44.
43
00:03:35,640 --> 00:03:40,980
So we had to have an up candle or
a closed candle that has at least
44
00:03:42,329 --> 00:03:46,350
a low that's higher than 31 44.
45
00:03:48,390 --> 00:03:48,959
Obviously.
46
00:03:49,079 --> 00:03:49,500
It's right here.
47
00:03:55,845 --> 00:04:02,925
Just that quick, we've delineated
a range on the monthly chart now
48
00:04:02,955 --> 00:04:08,475
by itself, you've done a great deal
already, but I know you don't believe it.
49
00:04:08,535 --> 00:04:10,515
You have to see it, that you
need to have faith in it.
50
00:04:11,505 --> 00:04:14,115
So what we defined is the range
in which we're going to trade in.
51
00:04:15,165 --> 00:04:18,465
If I take these two reference points
and I drop them down into a week.
52
00:04:25,500 --> 00:04:29,760
Okay, by having it on a weekly chart, we
can have a lot more information refined
53
00:04:31,109 --> 00:04:37,530
and that's delineate this month here with
the vertical line on a month prior to it.
54
00:04:37,620 --> 00:04:44,130
So now we have a down candle to the
right of this vertical red line.
55
00:04:47,325 --> 00:04:48,225
So we're looking at June.
56
00:04:48,225 --> 00:04:50,415
This is June having a down close.
57
00:04:51,075 --> 00:04:52,365
So we go into a daily chart.
58
00:04:52,395 --> 00:04:52,665
I'm sorry.
59
00:04:52,665 --> 00:04:53,325
A weekly chart.
60
00:04:53,385 --> 00:04:53,745
Okay.
61
00:04:54,705 --> 00:04:59,445
We have priced on a long-term
consolidation, many weeks going by here
62
00:05:01,455 --> 00:05:06,525
and these two down candles here, price
trades through it on this candle here.
63
00:05:08,365 --> 00:05:12,115
So now we have activated two
down candles as a bullshitter.
64
00:05:12,855 --> 00:05:17,745
When we have upside the movement here, it
violates the two down candles to now we
65
00:05:17,745 --> 00:05:20,925
can see price return back down into it.
66
00:05:21,375 --> 00:05:22,905
It would be a bullish scenario.
67
00:05:24,615 --> 00:05:29,865
And it's also that the monthly candle
at one thirty seventy, we'll call it
68
00:05:29,955 --> 00:05:32,445
one thirty, eighty mothers around it.
69
00:05:32,445 --> 00:05:33,315
The 1 30, 80
70
00:05:38,245 --> 00:05:39,625
that's close enough for government work.
71
00:05:41,385 --> 00:05:44,864
Price drops down into that a
couple of different times and
72
00:05:44,864 --> 00:05:46,455
you see price has expanded.
73
00:05:46,484 --> 00:05:51,674
Now, the upside is still that
monthly bear shorter block.
74
00:05:52,905 --> 00:05:57,705
It's also to beginning of the
last three candles that were up.
75
00:05:58,244 --> 00:06:03,434
It's the same as this up candles
low, you can see price and you
76
00:06:03,434 --> 00:06:06,494
can probably already visualize it
reaching for this and probably going
77
00:06:06,494 --> 00:06:08,775
into next week or the week after.
78
00:06:10,310 --> 00:06:13,530
We'll probably see, see more,
consider a continuation on the upside.
79
00:06:16,920 --> 00:06:18,540
We go into a daily chart.
80
00:06:32,680 --> 00:06:33,040
okay.
81
00:06:33,070 --> 00:06:35,170
You can see the vertical
lines delineate each month.
82
00:06:40,530 --> 00:06:40,980
SI
83
00:06:47,680 --> 00:06:56,860
price dipping down into that monthly
open that we rounded up to 1 30, 80
84
00:06:58,750 --> 00:07:00,880
price response aggressively off of that.
85
00:07:02,080 --> 00:07:04,840
And then we have the beginning of this.
86
00:07:06,015 --> 00:07:07,575
Decline here in October.
87
00:07:08,985 --> 00:07:11,835
And this is the reason why, and it sounds
88
00:07:16,065 --> 00:07:22,275
like hindsight if you're watching this
without having the benefit of being a
89
00:07:22,275 --> 00:07:25,575
part of the live sessions and watching
the recordings over the last last week.
90
00:07:26,235 --> 00:07:30,135
Um, but we locked at 1 30, 2
80 as a downside objective.
91
00:07:30,885 --> 00:07:33,975
And the reason why that was objective
was based on these two down candles.
92
00:07:35,970 --> 00:07:39,030
And the fact that we are looking
for higher prices relative to
93
00:07:39,040 --> 00:07:41,760
what's been shown on the monthly.
94
00:07:48,270 --> 00:07:48,600
Okay.
95
00:07:49,200 --> 00:07:53,550
So we see price re-trading back
into this down candle multiple times
96
00:07:53,640 --> 00:07:57,570
right here on this one, and then
ultimately retreating down into
97
00:07:57,570 --> 00:08:00,480
the higher level, 30 to 80 level.
98
00:08:08,670 --> 00:08:12,240
Right in here, you can see
price expanding on the upside.
99
00:08:12,240 --> 00:08:17,520
So we're looking for 1 38 big figure
and potentially higher than that.
100
00:08:21,539 --> 00:08:23,039
The takeaway is this.
101
00:08:23,100 --> 00:08:24,870
If you look at your monthly charts,
102
00:08:29,175 --> 00:08:32,085
And you define where you're
at presently in the range.
103
00:08:33,735 --> 00:08:37,215
All you have to do is find the most recent
down candle and the most recent up candle.
104
00:08:37,455 --> 00:08:38,355
And there's your range.
105
00:08:40,664 --> 00:08:44,235
If you get the market trade above
a down candle, you wait for a
106
00:08:44,235 --> 00:08:47,655
return back to that down candle to
trade up into the last up candle.
107
00:08:48,915 --> 00:08:54,825
If you have a market trade up into a
up candle, you find the last downturn.
108
00:08:55,665 --> 00:08:57,435
Our most recent down canyon,
which will be over here.
109
00:08:57,795 --> 00:09:00,525
That will be your range for the downside.
110
00:09:01,665 --> 00:09:07,485
So we have still have upside still to
go for dollar cat on a monthly basis.
111
00:09:07,965 --> 00:09:13,635
Let's look at this same example of
study on a us Japanese yen pair.
112
00:09:25,310 --> 00:09:25,670
Okay.
113
00:09:26,480 --> 00:09:30,170
We have the most recent,
uh, down candle here.
114
00:09:38,690 --> 00:09:41,600
And prior to this down candle, you
have to have a candle it's higher
115
00:09:41,600 --> 00:09:43,730
than the candle's high, which is.
116
00:09:47,035 --> 00:09:48,535
1 0, 4 35.
117
00:09:49,405 --> 00:09:52,795
So above here to the left,
where's the candle it's here.
118
00:09:53,395 --> 00:09:53,485
Okay.
119
00:09:57,735 --> 00:09:58,575
Here's your range?
120
00:09:59,025 --> 00:10:03,315
So between 1 0 6 28 and one of the 3 26.
121
00:10:03,375 --> 00:10:04,785
So basically 300 pips.
122
00:10:05,745 --> 00:10:10,575
The idea, as soon as this candle trades
above the down candles, high this
123
00:10:10,575 --> 00:10:11,805
down candle, it becomes a Boulevard.
124
00:10:12,885 --> 00:10:16,005
So it can be a buyer at 103 26 or less.
125
00:10:17,475 --> 00:10:18,975
We drop into a weekly chart.
126
00:10:24,045 --> 00:10:27,255
Here's price trading below 103 26.
127
00:10:27,615 --> 00:10:34,005
And again, here on the us election, train
down into the bullish shorter block.
128
00:10:34,005 --> 00:10:37,665
Here we go into daily chart.
129
00:10:48,735 --> 00:10:50,834
I could see the body of this down candle.
130
00:10:52,685 --> 00:10:54,665
It's larger than this one here.
131
00:10:55,474 --> 00:10:57,365
So this is the beginning
of the bull shorter block.
132
00:11:03,690 --> 00:11:08,490
Tear and mean threshold of this town
candle would be about right here.
133
00:11:09,060 --> 00:11:12,930
And it's not even challenged at all here,
even on the election, uh, knee knee-jerk
134
00:11:12,930 --> 00:11:17,010
reaction, price dips down into it here.
135
00:11:18,030 --> 00:11:21,960
This would be a buy, it
starts to rally away.
136
00:11:22,230 --> 00:11:27,900
Then the next candle opens on the election
trades down into Prius, bullish or block.
137
00:11:27,900 --> 00:11:30,420
This will be another
buy and rallying away.
138
00:11:32,595 --> 00:11:32,685
Okay.
139
00:11:34,055 --> 00:11:38,045
We have old highs back here
and we have equal highs back
140
00:11:38,045 --> 00:11:43,265
here on the monthly chart.
141
00:11:43,295 --> 00:11:47,585
This is the objective we would be reaching
up to, and we've already seen that happen
142
00:11:47,585 --> 00:11:51,755
with 300 pips plus she's Kiwi dollar
143
00:11:57,095 --> 00:11:58,295
and go to a monthly.
144
00:12:05,160 --> 00:12:05,550
Okay.
145
00:12:05,550 --> 00:12:17,550
So we have the last down candle here
and the most recent up candle here.
146
00:12:20,340 --> 00:12:20,670
Okay.
147
00:12:21,900 --> 00:12:27,510
And we've moved away from the last off
candle, exercising this as a bear shorter.
148
00:12:29,025 --> 00:12:30,135
We go down to a weekly.
149
00:12:33,315 --> 00:12:33,555
Okay.
150
00:12:33,555 --> 00:12:36,225
You see price trading up
into the bear shorter block.
151
00:12:36,255 --> 00:12:39,615
It does trade through the body of this
cannabis throughout the sloppy right now.
152
00:12:40,545 --> 00:12:45,075
Uh, the downside
objective is 69, 83 69 85.
153
00:12:45,945 --> 00:12:47,355
That binds to these candles here.
154
00:12:48,525 --> 00:12:52,065
Close comes in at 70 0 5.
155
00:12:52,065 --> 00:12:54,375
So that would probably be
where I'd be looking at it.
156
00:12:55,410 --> 00:12:59,579
It's about 120 pips or so still
potential downside objective
157
00:13:03,930 --> 00:13:04,709
personally, on the side.
158
00:13:04,709 --> 00:13:07,740
And then I think it's going
to go down here to 67, 80
159
00:13:14,760 --> 00:13:16,229
and on a daily timeframe.
160
00:13:18,479 --> 00:13:23,280
See price has in fact already
moved a good distance.
161
00:13:28,230 --> 00:13:30,090
Now, this is the bear
shorter block up in here.
162
00:13:30,840 --> 00:13:36,900
So anything above that price had reached
up into, we can refine that into a lower
163
00:13:36,900 --> 00:13:39,360
level timeframe, bare shoulder block.
164
00:13:43,140 --> 00:13:44,190
See it trading it here.
165
00:13:47,670 --> 00:13:50,130
Minimum expectation is
to trade down the here.
166
00:13:50,970 --> 00:13:52,050
The next one would be down here.
167
00:13:57,800 --> 00:13:58,830
You're going to reach for that
168
00:14:01,860 --> 00:14:03,090
and then below these lows.
169
00:14:06,030 --> 00:14:06,270
Okay.
170
00:14:06,270 --> 00:14:10,200
So we're using the monthly chart
to give us our bullish and bears
171
00:14:10,200 --> 00:14:12,930
order blocks and define our range.
172
00:14:13,320 --> 00:14:16,800
And then we look for lower
timeframes to get closer to
173
00:14:16,800 --> 00:14:18,240
the market and refine our risk.
174
00:14:18,690 --> 00:14:19,980
You use the higher timeframe monthly.
175
00:14:21,130 --> 00:14:23,880
Find the most recent up candle
and most recent down candle.
176
00:14:24,180 --> 00:14:30,660
There's your range define that range in
terms of where the most recent order flow
177
00:14:30,660 --> 00:14:37,620
has sent price, was it violating a down
close or down candle, which gives that,
178
00:14:37,860 --> 00:14:45,360
um, permission to become a bullshitter
block or has price broken and upcoming?
179
00:14:46,214 --> 00:14:51,045
By violating its low, which then
activates that as a bare sort of block.
180
00:14:51,555 --> 00:14:55,964
Um, you just simply look for the
contrarian order block on the monthly
181
00:14:55,964 --> 00:15:00,735
chart and you take those levels and
you find them down into a weekly, into
182
00:15:00,735 --> 00:15:02,805
a daily and down to an hourly chart.
183
00:15:02,834 --> 00:15:05,474
And you can see there's a
plethora of opportunity.
184
00:15:06,270 --> 00:15:08,160
To to study with all
these different payers.
185
00:15:08,790 --> 00:15:12,750
And it gives you a context to actually
look into the marketplace with a specific
186
00:15:12,839 --> 00:15:16,680
mindset, not just waiting for a neon
sign, to jump off at you and saying,
187
00:15:16,680 --> 00:15:21,030
okay, um, what I want to ask you to do
today, you'll know what levels of trade
188
00:15:21,030 --> 00:15:23,160
off of relative to the monthly chart.
189
00:15:23,520 --> 00:15:28,819
And it's basically a top down approach
that leads you right into trade setups
190
00:15:28,819 --> 00:15:29,969
that you otherwise wouldn't know.
191
00:15:29,969 --> 00:15:30,480
They were there.
15836
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.