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Welcome back folks.
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This is less than 6.1.
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Oh the January, 2017.
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ICT mentorship, defining
high timeframe PD.
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Okay.
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When we look at a chart.
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Regardless of what
timeframe we're looking at.
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It, uh, there's two elements
that come to mind as a trader.
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Obviously we think in terms of support
or resistance, or we think in terms
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of a volume we're sold, we think
in terms of purchase patterns, uh,
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secondary, but, uh, generally we think
of a price being valued too low or
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too cheap or expensive or too high.
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And the algorithm.
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Has similar thought
processes built into it.
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And we look at it in the form
of a premium and a discount
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market for sake of discussion.
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Just think of this red line at the
top as a resistance and a blue level
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on the bottom being supportive.
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As price starts to move away from a
level that would be viewed as too cheap
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or support naturally our expectations
as traders, we expect to see price
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move higher when it does this, we're
confirmed to see a response moving up
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to a resistance point of some kind.
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Now the problem is with retail trading
and with technical analysis as a
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whole by itself, it doesn't help.
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Because every one of us could come
to the conclusion that a specific
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level above current price action
would be a resistance level.
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Some of us will see it as a, an old
low day would be trading to some of
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us would see in old high, some of us
would see something else that would
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equate to a resistance level now to
remove all the ambiguity, you have
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to have a mindset going into it.
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This teaching is to teach you
the air arche on the tools that
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I use for framing the trades.
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Now these same arrays are the same
things that we've talked about since
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the beginning of the mentorship,
but we're going to prevent you from
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having them in a disorganized fashion.
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In other words, there's an air
archi and how they are used
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and how you look for them.
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And price is price makes a retracement
lower from a support level.
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How far does it usually retrace back
all of us, again, based on different
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walks of technical analysis and
different disciplines, we'll all
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have our different conclusions.
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Some of us would use a Fibonacci.
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Some of us would use some fashion
of support and resistance.
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Some of us would use Elliott wave
and ratios and harmonic patterns,
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all kinds of things would come up.
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By way of discussion.
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If we were in a round table meeting
where you're all sitting in the same
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room together, we all have different
opinions about how far it would retrace.
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Some of us wouldn't even, even to
expect expected to retracement.
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Okay.
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Some of us would not see this as
a retracement, but a beginning
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of an all-out reversal to
trade below the old low that's.
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The problem.
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Every trader is plagued with when
they come into this business, who's.
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Who has the means of knowing with
great deal of prognostication, what
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is a support level and what is the
resistance level and therefore, what
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will propel price away from current
market action, higher or lower?
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Because the common adage is if I
knew where price was going next, I
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would need to know anything else.
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I would make money.
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That's not true because you
would find some other way to lose
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money over leveraging or, or.
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Doing something different you
shouldn't be doing and you'll break
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a roll and you'll get emotional or
psychological impact because of that.
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And you'll end up blowing the.
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So when we look at charts, we want to be
viewing price in terms of, are we in a
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premium or are we in a discount market,
uh, earlier in the mentorship I taught
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how you could do that, but we're gonna
talk a little bit more in terms of how
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to frame that on hard timeframe charts
in the form of an air arche with the.
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As price starts to retrace
and then moves higher.
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It hits a level of resistance.
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Now for the sake of discussion, we're
going to say, we collectively understand
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what would deem a resistance level
to, to remove all the, uh, secondary,
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uh, discussions that we could have.
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If we were a front in front of one another
in the same setting, you know, a live
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setting where we could literally shake
hands and talk, all of us would have
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an opinion about what would constitute.
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Resistance level, but we're going
to say that this level that's
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noted as red, that is the commonly
agreed bond resistance level.
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The reasonable expectation
would be to see price move away.
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And the price does that.
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Some of us would expect one more,
try to get to that level, maybe
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to go through it or to fail.
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That's how I trade.
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That's how I expect to see price react.
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Some of us would not even expect
that they would expect this one-time
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punch up air and all the other, all.
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This is the type of
setup I like to see here.
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Another pass towards that old high either.
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It's going to give me a run-through
or false break, or it's going
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to give me a failure swing.
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We talked about classifying
institutional price swings.
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That's what we'd done
for that teaching here.
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I want you to start thinking in
terms of premium and discount on
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higher timeframe charts, because
the air arche on how you view this.
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Is going to help you, whether
you're a day trader scalper position
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trader short-term trader with the
expectation of lower prices, how
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far we expect to see price go down?
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Well, the first impulse leg, and
then retracement, then as a second
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leg, higher hitting that resistance
level, that secondary impulse leg.
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That's probably going to be a good reason.
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Expectation for support level.
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Now it could be a bullish order block.
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It could be a, uh, an old short-term
high in there on a lower timeframe.
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If this was a monthly chart, uh, at that
low, there may be a daily short-term
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high that would create a, a support level
that can't be seen on a monthly chart.
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So when we're looking at these higher
timeframe charts, just understand
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that there's going to be levels that
exist inside of larger price swings.
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You may not see, unless you go
down to the lower timeframe.
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Now, when I say lower timeframe, I'm only
referring to the daily because a hard
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time for me analysis is all we're focusing
on here, nothing below the daily chart.
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So for assuming that this is a
monthly chart and we're looking at
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price, the expectation is, is okay.
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Well at that old low, we would expect to
see some lower timeframe support level.
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And then again, it could be the
monthly bullish order block.
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It could be a week.
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Bullish shoulder block, or it
could be a daily short-term high.
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You may not be able to see it
inside that, that little wall there.
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But nonetheless, when we look at price
swings back and forth on a chart, whether
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it be monthly, weekly, or daily and even
lower timeframes, you have to understand
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that there's swings that exist and
support levels and resistance levels
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that exist in the lower timeframes.
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That may not be so apparent using these
hard timeframe charts that is not.
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What you base the majority of your
trades on what you're really doing
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is you're gonna be using the monthly
chart and the weekly chart to frame
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the context of what that market
should be doing using these PDA rays.
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So if we watch price and it
continues to trade higher here,
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where, where would you reasonably
expect to see price trade to that?
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Short-term little swing
low at the failure swing.
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That's going to be what
the potential mitigation.
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It means any orders that were used to
go long, but failed to make another pass
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at that old high they're underwater now.
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So they're going to look to mitigate
those losses and cover their long
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positions and go short potentially,
or just get out of the trade.
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But smart mind just doesn't cut losses.
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They know what they're doing.
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They scale in scale out in the hedge.
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So this would be another
selling opportunity.
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The market seeks liquidity below the
low and below the second impulse swing
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prior to the run into resistance.
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So it seeks liquidity
below the marketplace.
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Once it takes that liquidity out, it
can drive all the way down to that
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old support level, but generally it
doesn't, it will retrace again and
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pick up more orders back at an old.
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Where we'd see another opportunity to
sell off and take out to liquidity below
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a short-term load that was just created.
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And back down to a logical area of
support, the expectation would be what
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the C price bounce price does this.
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When price starts to retrace.
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Again, some of us, if we were
all in the same room, we would
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expect to see that price low, to
be violated in a new, low created.
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Sometimes that'll happen.
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Sometimes it won't.
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This failure swinging here could
be used, set up another long
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opportunity for price rallies in the
here's the million dollar question.
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The understanding is how price
moves from one level to the.
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But predominantly it's moving from a level
of discount to a level of premium from a
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level of premium, to a level of discount
between the red line and the blue line.
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They are extremes in the middle.
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That's classified as equilibrium or.
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Buying imbalance is seen.
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Moon price gets above equilibrium
or up into that red level,
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which would be resistance.
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Selling imbalance would be when
price gets below equilibrium and
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down into the blue line or what
would be just drived as discount.
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So where would you expect
to see price go next?
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That's what you're always faced with.
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When you sit down in front of the charts.
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This discussion, we're going to
use the common ICT tools as far as,
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uh, set up parameters in the form
of the way they form on charts.
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In other words, the order in
which they form and how they use
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them based on wherever you're
at, in terms of the marketplace,
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we're using this teaching.
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As a foundation, that's going
to lead us into a better
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understanding of this example.
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We showed, we were discussing money
management for the January content.
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So less than five, that example for
the dollar yen pair for a long-term
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position trade, this idea will be
used as an example on framing PDA
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rays on higher timeframe charts.
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But before we get into that teaching
for six points, We have to do the
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foundation to understand what we look
for and why we expect it to unfold.
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Like we would
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okay.
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Again, using our thought process of
premium, which would be the red line and
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discount, which will be the blue line.
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When you look at charts, you
want to see where a price has
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moved away from an old time.
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And it's dropping down from
an area of premium and where
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it's it's too, it's too high.
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So the evaluation is going to
be reduced and dropped lower.
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So repricing takes place and the market
goes down and the price goes lower as
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a result of it until it gets to a point
where it's too much of a discount, then
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there has to be a premium built into it.
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The algorithm will do this moving
price back and forth, back and forth,
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back and forth until again, something
of significant impact comes into the
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marketplace and dries the market.
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One second.
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And it creates a strong imbalance.
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Otherwise the market's just
going to gyrate back and forth,
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looking for liquidity based on
premium and discount conditions.
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We'll assume for a moment
right now in the market prices.
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Okay.
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And we can clearly see that the
market in recent times had a clear
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discernible level of resistance and
a clear discernible level of support.
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Now that can come in the form of bullish
and bearish shorter blocks, or it
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could be just old highs and old lows,
and we'll just use all highs and lows.
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As an example for this discussion,
your expectation is, is right now
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prices at a level where it should.
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By all standards move lower because it's
at a classic viewed resistance level.
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We don't know how long that time
is going to be required before the
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market does in fact, submit to our
expectation and see a lower price.
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So that timeframe, okay.
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That part is what you're always going
to have to submit to time is a murderer.
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00:12:54,645 --> 00:12:58,859
It's a killer for traders, unless, you
know, That some of these ideas are going
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00:12:58,859 --> 00:13:00,270
to paint out for a long, long time.
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00:13:00,599 --> 00:13:03,420
You're going to do a lot of things
psychologically and emotionally
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that you wish you wouldn't have
done because you haven't submitted
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00:13:06,089 --> 00:13:07,770
to that time aspect of trading.
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00:13:08,160 --> 00:13:09,599
There's two elements in trading.
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You have to submit to time and
price when they both agree with
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00:13:12,990 --> 00:13:16,740
one another and you have waited for
that agreement to come to fruition.
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That's where profitability
and opportunities.
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00:13:20,615 --> 00:13:24,094
So we're looking at price and we
have no idea how long time is going
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to be required of us to wait before
the displacement takes place.
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00:13:30,094 --> 00:13:34,055
But eventually our expectation is we'll
see lower prices down to a level of.
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00:13:36,075 --> 00:13:40,005
And that's what we're expecting or
forecasting as a future price in between
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00:13:40,005 --> 00:13:45,285
these two pref reference points again,
time and price is what's essential.
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You have to submit to the level of
time, which no one knows how much time
229
00:13:49,665 --> 00:13:53,865
is going to be required before your
setup pans out or goes to profitable.
230
00:13:54,959 --> 00:13:56,939
Price is what you're studying.
231
00:13:57,270 --> 00:14:01,439
You're submitting to time throughout the
process, but while you are in the trade
232
00:14:01,439 --> 00:14:06,420
or expecting this to unfold, studying
it, you're submitting to the price.
233
00:14:06,719 --> 00:14:07,079
You know what?
234
00:14:07,079 --> 00:14:08,819
You're not trying to
force your will on price.
235
00:14:09,089 --> 00:14:12,510
You're analyzing price to see what
it is that it's telling you in
236
00:14:12,510 --> 00:14:13,949
terms of institutional order flow.
237
00:14:14,250 --> 00:14:18,449
Is it justifying your expectation that it
wants to go down to that discount level
238
00:14:18,510 --> 00:14:21,449
or some bullish or block to buy back off?
239
00:14:22,240 --> 00:14:26,980
And cover a short position, or it could
be a whole load at once to run below that
240
00:14:26,980 --> 00:14:30,939
future price could be a number of things,
but for now, we're just going to aim for
241
00:14:30,939 --> 00:14:35,439
an old low between the market price today
and the future price that you anticipate
242
00:14:35,439 --> 00:14:37,270
or forecast lower in the future.
243
00:14:37,930 --> 00:14:41,350
There's going to be zero opportunity
for it to be a straight line.
244
00:14:41,380 --> 00:14:43,810
In other words, you're not
seeing that diagonal line in
245
00:14:43,810 --> 00:14:44,709
the way the market trades.
246
00:14:44,709 --> 00:14:47,949
It just doesn't do that is always
some give and take that takes place.
247
00:14:48,189 --> 00:14:48,459
So.
248
00:14:49,800 --> 00:14:56,250
Uh, understanding where certain arrays
occur in that process will help you.
249
00:14:56,430 --> 00:15:00,240
Number one, stay with the trade idea,
not be shaken out of it and have the
250
00:15:00,240 --> 00:15:05,030
confidence to hold until the objective
is met or your stock gets taken in.
251
00:15:05,040 --> 00:15:06,959
It's simply moving to
the next opportunity.
252
00:15:07,290 --> 00:15:11,550
The opposite is seen when you're
looking for a bullish scenario,
253
00:15:13,459 --> 00:15:14,630
everything's just reverse.
254
00:15:15,870 --> 00:15:18,990
You expect that market price to
be in the future at a premium.
255
00:15:19,050 --> 00:15:20,640
In other words, it's going to
be harder than it is today.
256
00:15:21,390 --> 00:15:26,790
Again, you have no idea how long time
is going to be required to get to
257
00:15:26,790 --> 00:15:28,890
your future price or forecasted price.
258
00:15:29,459 --> 00:15:33,569
And you have to submit to that the measure
of time that is an unknown you can't
259
00:15:33,569 --> 00:15:37,349
know for certainty, how many days or how
many hours or how many months it will be
260
00:15:37,349 --> 00:15:39,030
before that price has actually arrived at.
261
00:15:41,305 --> 00:15:44,875
But you also have to be studying price
and again, monitoring and studying
262
00:15:45,175 --> 00:15:50,365
the, the PD arrays that occur in price
action that leads to supporting your
263
00:15:50,365 --> 00:15:52,195
expectation on institutional order flow.
264
00:15:52,195 --> 00:15:54,925
That would drive price up
into that premium level.
265
00:15:56,095 --> 00:16:00,445
The understanding is that price will
move from a discount to a premium
266
00:16:01,165 --> 00:16:03,595
because the discount can't stay discount.
267
00:16:03,595 --> 00:16:04,015
Very long.
268
00:16:04,135 --> 00:16:07,285
Price is going to be established
by whoever is selling it.
269
00:16:07,285 --> 00:16:08,185
Who, who stands there.
270
00:16:09,015 --> 00:16:09,915
A profit off of it.
271
00:16:10,335 --> 00:16:13,905
Well, the central bank is going to be
in the business of adjusting price.
272
00:16:14,175 --> 00:16:19,185
So if we know that they are in control
of price, ultimately by way of steering
273
00:16:19,215 --> 00:16:25,035
sentiment in economies, through the
delivery of an interest rate long-term
274
00:16:25,495 --> 00:16:30,195
to stimulate or to suppress an economy
for our country, we have to view
275
00:16:30,195 --> 00:16:33,525
the market in terms of technicals
to align ourselves with these ideas.
276
00:16:33,525 --> 00:16:35,775
So if we see a level of.
277
00:16:37,834 --> 00:16:39,035
Our expectation is okay.
278
00:16:39,064 --> 00:16:42,545
Where is the evidence that this
thing will go to a premium market?
279
00:16:43,324 --> 00:16:44,375
Where's the premium market.
280
00:16:44,375 --> 00:16:47,285
Where's the resistance at where's the
higher level that I would want to see
281
00:16:47,285 --> 00:16:51,125
at trade two between the market price
you're at right now in that future.
282
00:16:52,020 --> 00:16:55,260
Again, it never happens in a straight
line there's time that you have new
283
00:16:55,260 --> 00:16:59,160
understanding of exactly how long
it's going to be, but there's also an
284
00:16:59,160 --> 00:17:00,839
element of price that you have to study.
285
00:17:00,930 --> 00:17:03,420
In other words, just because
you think it's going there, it
286
00:17:03,420 --> 00:17:04,560
doesn't mean it's going there.
287
00:17:04,619 --> 00:17:06,930
It could go halfway there
and fail and go lower.
288
00:17:07,649 --> 00:17:11,849
Nonetheless, what we're going to do
is I'm going to outline now the arrays
289
00:17:11,909 --> 00:17:13,950
and keep them in a specific order.
290
00:17:13,950 --> 00:17:17,250
So that way, you know, wherever you're at
in terms of market price, what you would
291
00:17:17,250 --> 00:17:18,960
expect to see or what you're looking for.
292
00:17:19,830 --> 00:17:22,800
Okay now w what should I be
looking for in a roadblock?
293
00:17:22,890 --> 00:17:25,410
Or should I be looking for a gap?
294
00:17:25,500 --> 00:17:27,030
You w what should I look for right now?
295
00:17:27,420 --> 00:17:28,650
That's what this teaching's going to do.
296
00:17:31,320 --> 00:17:31,500
Okay.
297
00:17:31,500 --> 00:17:32,820
For a monthly chart.
298
00:17:33,330 --> 00:17:33,510
Okay.
299
00:17:33,510 --> 00:17:36,210
What you're going to do is you're
going to look at the current
300
00:17:36,210 --> 00:17:37,380
trading range that it's in.
301
00:17:37,990 --> 00:17:38,360
Okay.
302
00:17:39,284 --> 00:17:42,915
So we're gonna assume that you outlined
the marketplace in terms of old
303
00:17:42,915 --> 00:17:46,335
highs and old lows on a monthly, and
that's the easiest way of doing it.
304
00:17:46,965 --> 00:17:49,665
There's other ways you can do it, but for
now, we're just going to outline it in
305
00:17:49,665 --> 00:17:54,105
the context at the most recent trading
range that the market has moved from
306
00:17:54,165 --> 00:18:01,455
an old high to an old low, that would
be our premium and discount definition.
307
00:18:03,090 --> 00:18:06,630
In between these two reference points,
halfway point, this is always going
308
00:18:06,630 --> 00:18:11,700
to be referred to as equilibrium now,
equilibrium between where you think
309
00:18:11,700 --> 00:18:16,500
price will go, because it's been there
before and where it's at right now,
310
00:18:17,040 --> 00:18:20,610
relative to an old high and old low
that's the current trading range.
311
00:18:20,700 --> 00:18:23,610
And I'll give you an example, what
that looks like when we go into lesson
312
00:18:23,610 --> 00:18:27,690
6.2, but for now I want to lay the
foundations for what it is you look for.
313
00:18:29,460 --> 00:18:34,080
The first thing above equilibrium
in the form of an array is
314
00:18:34,080 --> 00:18:35,490
an old high and old low.
315
00:18:36,390 --> 00:18:38,760
You want to be looking for
that above equilibrium.
316
00:18:41,340 --> 00:18:45,690
The next thing that you'd be looking for,
and this is in the order of importance.
317
00:18:46,170 --> 00:18:46,530
Okay.
318
00:18:47,430 --> 00:18:49,740
Old, high, old loyal, then the
next thing you'd be looking for as
319
00:18:49,740 --> 00:18:53,080
a rejection block rejection block
would be just above the candles.
320
00:18:54,030 --> 00:18:54,900
Not the Wix.
321
00:18:55,350 --> 00:19:00,030
So the actual high and low is the
wick, but then the next area of
322
00:19:00,030 --> 00:19:02,370
importance is the rejection block.
323
00:19:02,370 --> 00:19:08,590
That would you be just above the
candles, body and the bearish order
324
00:19:08,590 --> 00:19:21,430
block, a fair value gap, liquidity void,
bearish breaker, and the mitigation.
325
00:19:23,235 --> 00:19:24,014
Put another way.
326
00:19:25,125 --> 00:19:29,745
If we were at equilibrium and we were
moving away from a premium level or
327
00:19:29,745 --> 00:19:33,615
at resistance, in other words, price
already dropped down and we anticipate
328
00:19:33,615 --> 00:19:38,475
price going lower down to a level of
support or monthly discount we would be
329
00:19:38,475 --> 00:19:41,085
looking for above current market action.
330
00:19:41,085 --> 00:19:44,205
Again, assuming that we're at
equilibrium right now, we would start
331
00:19:44,205 --> 00:19:47,294
looking above current market action in
the past and left side of our chart.
332
00:19:47,895 --> 00:19:49,514
Where's the nearest mitigation block.
333
00:19:49,575 --> 00:19:50,325
There may not be.
334
00:19:51,165 --> 00:19:52,304
Okay, check that off.
335
00:19:53,054 --> 00:19:54,794
Where's the nearest barest breaker.
336
00:19:55,274 --> 00:19:56,715
There may not be one of those either.
337
00:19:57,074 --> 00:19:57,405
Okay.
338
00:19:57,465 --> 00:19:58,094
Check that off.
339
00:19:58,544 --> 00:20:01,004
But if there is one, then you
would reasonably expect to see
340
00:20:01,004 --> 00:20:02,685
price trade up to that price point.
341
00:20:04,245 --> 00:20:07,755
Then expect some selling to go lower
and once it moves below equilibrium,
342
00:20:07,755 --> 00:20:10,965
then you would be all set to go to
the monthly discount or support.
343
00:20:11,535 --> 00:20:13,935
But let's assume for a moment,
a mitigation block isn't there
344
00:20:14,235 --> 00:20:15,855
and the breaker isn't there.
345
00:20:16,125 --> 00:20:17,355
What would you look for next?
346
00:20:17,475 --> 00:20:17,835
Okay.
347
00:20:17,865 --> 00:20:21,015
Well, the next order of air
arche is liquidity void.
348
00:20:21,645 --> 00:20:23,295
Is there a range that
needs to be closed then?
349
00:20:24,165 --> 00:20:26,445
Again, that may not be so clear.
350
00:20:27,465 --> 00:20:27,975
Check that off.
351
00:20:27,975 --> 00:20:28,515
No problem.
352
00:20:28,605 --> 00:20:32,505
The next thing is there a fair value
gap again, that might not exist?
353
00:20:33,990 --> 00:20:36,090
Go to the next thing, bearish order block.
354
00:20:36,570 --> 00:20:37,710
It's probably going to be there.
355
00:20:38,340 --> 00:20:39,389
Chances are, it's very strong.
356
00:20:39,389 --> 00:20:40,020
It's going to be there.
357
00:20:40,470 --> 00:20:41,910
So what did this give you?
358
00:20:42,090 --> 00:20:44,190
I gave you the hierarchy
and what you look for.
359
00:20:44,820 --> 00:20:48,480
The mitigation block is going to
be first considered before you
360
00:20:48,480 --> 00:20:49,470
get to the bear shorter block.
361
00:20:50,670 --> 00:20:52,680
Cause the bears water blocks can
be really high up in the premium
362
00:20:53,700 --> 00:20:54,990
mitigation block is going to be level.
363
00:20:55,845 --> 00:20:58,815
Mitigation and breakers are
basically mitigation blocks, but
364
00:20:59,355 --> 00:21:05,235
generally mitigation blocks can
occur lower than breakers, small
365
00:21:05,235 --> 00:21:06,455
little bounces in bear markets.
366
00:21:06,485 --> 00:21:07,725
Would it be a mitigation block?
367
00:21:07,725 --> 00:21:13,155
Basically a bearish Spreaker will keep
your ability to get to a bearish order
368
00:21:13,155 --> 00:21:17,055
block, which will be resting higher up
in the premium when an old highs taken
369
00:21:17,055 --> 00:21:21,764
out that down candle right before the
second highs made, taking out an old time.
370
00:21:23,024 --> 00:21:23,615
Or turtle soup.
371
00:21:23,625 --> 00:21:28,784
In other words, that down candle, if
it's retreated to, that's going to
372
00:21:28,784 --> 00:21:33,345
be a bearish breaker, that's going
to keep you from seeing most likely
373
00:21:33,345 --> 00:21:36,645
high probability that it won't allow
you to get to a bear shorter block.
374
00:21:37,125 --> 00:21:41,235
So whenever you see bearish
breakers just don't expect the
375
00:21:41,235 --> 00:21:42,435
bearish order block to be hit.
376
00:21:42,855 --> 00:21:43,115
Okay.
377
00:21:43,125 --> 00:21:46,754
Cause it's going to most likely keep
price lower, cause that's going to be the
378
00:21:46,754 --> 00:21:50,205
most dominant, um, array of all these.
379
00:21:51,300 --> 00:21:57,590
There is a liquidity void that would
be viewed with there's no breaker, and
380
00:21:57,590 --> 00:22:00,990
you can close in that range and it may
take you off into a fair value gap or
381
00:22:00,990 --> 00:22:04,890
a bearish order block, but breakers
by themselves, even though they're
382
00:22:04,890 --> 00:22:08,910
low end on this list, that's the first
thing you're going to encounter because
383
00:22:08,910 --> 00:22:12,360
if you're at equilibrium and price
has already been moving away from the
384
00:22:12,360 --> 00:22:16,440
resistance level, you're looking up now
for any potential areas to resell at.
385
00:22:17,580 --> 00:22:21,690
First, when you look at, as the mitigation
block or bear Spreaker, and if there's
386
00:22:21,690 --> 00:22:24,810
neither of those, you look for liquidity,
void the trade up into the closing that.
387
00:22:26,295 --> 00:22:27,975
Warfare value gap to close in.
388
00:22:28,185 --> 00:22:29,205
They may not be any of that.
389
00:22:29,235 --> 00:22:31,665
Then you would expect to see the
bear shorter block to be traded to.
390
00:22:32,085 --> 00:22:34,575
Then that would be your selling
opportunity because you're at a
391
00:22:34,575 --> 00:22:37,305
premium and you go to a logical area
where institutional order flow would
392
00:22:37,305 --> 00:22:43,515
kick in new orders would capitalize
and into selling into if there isn't
393
00:22:43,515 --> 00:22:45,045
an obvious bearish order block.
394
00:22:45,435 --> 00:22:45,885
Okay.
395
00:22:45,975 --> 00:22:49,875
Um, and there's very little times
that's like that, but we will
396
00:22:49,875 --> 00:22:53,235
talk about that when we get into
entry techniques and concepts.
397
00:22:53,950 --> 00:22:59,170
But if there is a lack of bearish
order, block, a understanding and what
398
00:22:59,170 --> 00:23:01,360
you're looking at currently in market
action, because there may be a lot of
399
00:23:01,360 --> 00:23:02,920
wicks, something like that may occur.
400
00:23:03,550 --> 00:23:06,250
Um, then you would look for a
rejection block, which will be
401
00:23:06,250 --> 00:23:08,410
just above the body of the candles.
402
00:23:08,830 --> 00:23:11,830
Do we expect that to be ran out and
then you'd be really high on the
403
00:23:11,830 --> 00:23:15,790
premium there and then ultimately
a whole, whole entire run on the.
404
00:23:16,830 --> 00:23:21,060
That would be, uh, an expectation
now I have here old high and all.
405
00:23:21,060 --> 00:23:23,129
Well, what, w w why
would the low be there?
406
00:23:23,219 --> 00:23:27,959
Well, if you're on a very low end
of a downtrend on a hard timeframe,
407
00:23:27,959 --> 00:23:32,850
monthly chart, you may be rallying
up to a old low, and if it gets
408
00:23:32,850 --> 00:23:34,230
to that old low, even though.
409
00:23:35,054 --> 00:23:37,875
It's an old load in, in terms of price.
410
00:23:38,235 --> 00:23:40,034
It's really high up in the premium.
411
00:23:40,034 --> 00:23:42,044
If it's been rallying a
considerable amount of time
412
00:23:42,075 --> 00:23:43,514
and price to get to that level.
413
00:23:43,935 --> 00:23:49,155
So retreating to an old, low that's
resistance, classic understanding, but.
414
00:23:50,159 --> 00:23:51,959
It may need to run on an old high as well.
415
00:23:52,290 --> 00:23:55,229
So basically all you're doing is,
is you're you're, you're scaling the
416
00:23:55,229 --> 00:23:57,870
grade of how much important you're
going to have on each one of these.
417
00:23:59,310 --> 00:24:01,679
So again, in summary, I want you to
understand what I'm talking about here.
418
00:24:02,310 --> 00:24:05,939
We're not just listing the things we've
talked about in previous teachings.
419
00:24:06,000 --> 00:24:06,330
Okay.
420
00:24:06,360 --> 00:24:10,709
I'm putting them in an order of
significance when you're at equilibrium
421
00:24:11,370 --> 00:24:14,250
or if you're moving up from discount.
422
00:24:14,850 --> 00:24:15,209
Okay.
423
00:24:16,950 --> 00:24:20,220
Expectations are to look for
very first thing you look for
424
00:24:20,220 --> 00:24:22,139
in list as prices going up.
425
00:24:22,590 --> 00:24:25,860
The first thing you're looking to see
to encounter, is there any mitigation
426
00:24:25,860 --> 00:24:26,850
block that I've got to consider?
427
00:24:27,540 --> 00:24:28,620
Because that's the first objective.
428
00:24:29,790 --> 00:24:32,420
It could be a selling
point, then it's a bear.
429
00:24:33,360 --> 00:24:37,110
That could set the tone for
another leg lower or stop any
430
00:24:37,140 --> 00:24:38,760
rallies on a bullish idea.
431
00:24:39,870 --> 00:24:43,290
Then the next idea, if you're bullish
from a discount, or if you're expecting
432
00:24:43,290 --> 00:24:46,140
a new selling opportunity, say you're
at the equilibrium price point, anything
433
00:24:46,140 --> 00:24:51,120
below the premium, the expectations.
434
00:24:51,120 --> 00:24:54,000
And when you're looking at the F in
price for areas where price may go
435
00:24:54,000 --> 00:24:58,890
up to it's in this order from the
lowest up nobody's from mitigation
436
00:24:58,890 --> 00:25:01,140
block, all the up to old high in.
437
00:25:02,540 --> 00:25:04,310
That's the order you
would expect to see them.
438
00:25:04,580 --> 00:25:11,000
Now, the order of importance, I know
it's the highest of the premium array is
439
00:25:11,000 --> 00:25:14,450
the old high in old, low that's that's.
440
00:25:14,450 --> 00:25:17,420
As high as you can get, then
you have rejection blocks.
441
00:25:18,750 --> 00:25:21,540
Then you have bear shorter
block, fair, fair value gap.
442
00:25:21,699 --> 00:25:24,209
And then liquidity, void, bear,
Spreaker and mitigation block.
443
00:25:24,270 --> 00:25:25,500
You're going to be looking up.
444
00:25:25,800 --> 00:25:28,080
And the first thing you're going
to encounter is the first thing
445
00:25:28,080 --> 00:25:29,070
on the bottom of this list.
446
00:25:29,070 --> 00:25:30,870
And then you start working
your way up that list.
447
00:25:31,169 --> 00:25:35,459
The farther you go up in this list,
the more deeper you go into a premium
448
00:25:35,459 --> 00:25:41,699
market, certain arrays in here will keep
you from seeing the next higher array.
449
00:25:41,760 --> 00:25:42,870
In other words, the next.
450
00:25:45,344 --> 00:25:47,985
Institutional order reference
point that's listed in here.
451
00:25:48,435 --> 00:25:50,235
If you get to a breaker,
chances are, you're probably not
452
00:25:50,235 --> 00:25:51,314
going to go higher than that.
453
00:25:51,405 --> 00:25:53,715
You won't generally get up
into close to that void.
454
00:25:53,774 --> 00:25:57,375
If there's a breaker below a liquidity
void that liquidity void may stay open,
455
00:25:57,375 --> 00:25:58,844
basically that range may stay open.
456
00:25:59,145 --> 00:26:03,044
So they kind of like it's in the
order of importance as a trader,
457
00:26:03,044 --> 00:26:07,485
when you're below premium and looking
higher up for prices or expecting
458
00:26:07,485 --> 00:26:11,294
prices to move higher, that mitigation
block, you know, that's the lowest.
459
00:26:13,340 --> 00:26:15,230
Likely one you're gonna
expect to run into first.
460
00:26:15,560 --> 00:26:18,980
It doesn't mean that there's one in
price action, but you start from that
461
00:26:18,980 --> 00:26:20,750
expectation first and you look for it.
462
00:26:21,080 --> 00:26:21,590
It's not there.
463
00:26:21,590 --> 00:26:21,800
Okay.
464
00:26:21,800 --> 00:26:22,940
What's the next thing
you've been looking for?
465
00:26:23,180 --> 00:26:23,900
The bear Spreaker.
466
00:26:23,960 --> 00:26:24,650
If it's not there.
467
00:26:24,710 --> 00:26:25,100
Okay.
468
00:26:25,460 --> 00:26:28,280
Then I'm okay to expect that
void the close in debt, but
469
00:26:28,280 --> 00:26:29,240
there may not be a void.
470
00:26:29,390 --> 00:26:33,380
It may have been a really systematic
and efficient way that it traded lower
471
00:26:34,040 --> 00:26:35,570
and that won't be any void there.
472
00:26:35,660 --> 00:26:39,690
So next thing is there, is there a
gap that would draw price up into it?
473
00:26:39,720 --> 00:26:41,450
If there's no gap, then
you go right to the.
474
00:26:42,675 --> 00:26:42,915
Okay.
475
00:26:42,915 --> 00:26:46,604
But the main thing is if there's
a breaker, forget about closing in
476
00:26:46,604 --> 00:26:49,125
the void and forget about getting
up to that gap because the breaker's
477
00:26:49,125 --> 00:26:52,274
going to take precedence over
everything on this list when you're
478
00:26:52,274 --> 00:26:53,955
below it, in terms of market price.
479
00:26:54,044 --> 00:26:59,294
If we were anticipating move lower
into price into a discount or into
480
00:26:59,294 --> 00:27:04,965
a support level, we would expect
the very next PD array to be a.
481
00:27:05,805 --> 00:27:09,435
Mitigation block now, again,
that may not appear in price.
482
00:27:09,585 --> 00:27:12,524
If there is no mitigation block,
you would expect to see the
483
00:27:12,524 --> 00:27:14,955
next PD array in the form of.
484
00:27:15,795 --> 00:27:16,965
A bullish breaker.
485
00:27:17,805 --> 00:27:20,865
And again, this may not occur or
should be seen in price action, but
486
00:27:20,865 --> 00:27:24,135
this is the order in which you would
expect to see as prices going lower.
487
00:27:24,465 --> 00:27:27,105
Looking in the past to the left
side of your chart, you'll be
488
00:27:27,105 --> 00:27:30,435
focusing on whether or not these
arrays appear in price action.
489
00:27:31,035 --> 00:27:37,335
Their importance is again, is listed
from equilibrium, the expected
490
00:27:37,335 --> 00:27:41,745
order of how they're going to be
in the price action in form of a.
491
00:27:42,780 --> 00:27:46,230
The first one you would anticipate seeing
as a mitigation block bullishly then a
492
00:27:46,230 --> 00:27:49,650
bullish breaker, then illiquidity void.
493
00:27:49,680 --> 00:27:55,650
Now, if there is a bullish breaker,
now again, a bullish breaker is a up
494
00:27:55,650 --> 00:28:02,970
candle between two swing lows and the
most recent swing low would be lower.
495
00:28:03,000 --> 00:28:03,390
No much.
496
00:28:03,390 --> 00:28:07,980
You're seeing a stop run in the
past and the high that swing hide
497
00:28:07,980 --> 00:28:09,630
it, it forms between the two loads.
498
00:28:10,530 --> 00:28:12,659
That up candle is going to
be your bullish breaker.
499
00:28:12,659 --> 00:28:16,350
So when price comes down, then at the
Bush of candle, it'll find some support.
500
00:28:17,010 --> 00:28:20,970
If you see that in price action, chances
are, if there's a liquidity void in
501
00:28:20,970 --> 00:28:22,889
price, it won't go down to fill that in.
502
00:28:23,280 --> 00:28:27,960
It can, if it overtakes the barrier,
but if it has a breaker anticipate
503
00:28:27,960 --> 00:28:31,590
price, not going below the breaker
and leaving the void intact
504
00:28:35,610 --> 00:28:36,850
again, assuming there is no break.
505
00:28:38,190 --> 00:28:41,220
And there is no boy, but there is
a gap and they may be at liquidity
506
00:28:41,220 --> 00:28:44,399
void, any gaps sometimes that can
occur too, but you would anticipate
507
00:28:44,399 --> 00:28:47,909
price reaching down into a fair value
gap, which is this a common little
508
00:28:47,909 --> 00:28:50,220
gap where pricing only been delivered
all months out of the marketplace.
509
00:28:52,170 --> 00:28:54,899
And then the next array
would be the bullshitter.
510
00:28:57,004 --> 00:29:00,754
And again, without the breaker, you
would expect the void to be filled
511
00:29:00,815 --> 00:29:03,335
a gap, to be filled, trade down
into the bullshitter order block.
512
00:29:03,395 --> 00:29:07,504
Then below the order block would be a
rejection block, which is just below
513
00:29:07,595 --> 00:29:10,715
the most lowest candle and its body.
514
00:29:10,715 --> 00:29:14,014
In other words, if it has wicks
long wicks below it, we're only
515
00:29:14,014 --> 00:29:16,355
gonna be looking for a mood just
below the bodies of the candle.
516
00:29:16,355 --> 00:29:18,335
And that would be rejection block.
517
00:29:19,875 --> 00:29:22,755
And then ultimately the deepest
form of discount would be in the
518
00:29:22,755 --> 00:29:26,205
form of an old, low or trading
down to it in a historic high.
519
00:29:26,595 --> 00:29:30,495
And like we said, when we were talking
about the premium market, when prices
520
00:29:30,495 --> 00:29:35,145
trade up to an OHI, it can also
trade up to a very old longterm low.
521
00:29:35,565 --> 00:29:38,055
And that would both be in the
form of a resistance level.
522
00:29:39,795 --> 00:29:43,125
So when we look at markets like this,
what it does is it gives us a frame.
523
00:29:49,199 --> 00:29:53,669
You can see here, the
monthly premium arrays.
524
00:29:53,760 --> 00:29:57,540
These are going to be focused for
primarily bearish premium array
525
00:29:57,540 --> 00:30:00,600
trading, and always you're going to be
using these areas at which the frame
526
00:30:00,600 --> 00:30:06,570
of trade or look for bullish targets
at these levels for monthly discount.
527
00:30:09,080 --> 00:30:10,100
You're bullish, discounted rate.
528
00:30:12,925 --> 00:30:16,405
These are your bullish discount arrays,
and you would be looking for these
529
00:30:17,035 --> 00:30:22,165
four bearish targets or looking to
get long at any one of these based on
530
00:30:22,165 --> 00:30:23,395
the current conditions in the market.
531
00:30:23,845 --> 00:30:27,145
Now, the same thing as seeing Elsa
for the weekly chart, the weekly
532
00:30:27,145 --> 00:30:31,135
chart, you're gonna be looking at
the same thing from equilibrium up.
533
00:30:32,305 --> 00:30:34,675
The first thing you would expect to see
when you're expecting higher prices.
534
00:30:34,795 --> 00:30:35,935
Are we going to run into a mitigation?
535
00:30:36,960 --> 00:30:37,770
They are Spreaker.
536
00:30:38,100 --> 00:30:40,500
If there's a bear Spreaker, you probably
not going to go higher than that.
537
00:30:41,220 --> 00:30:44,130
But if there is no breaker, you
look for a void to close in.
538
00:30:44,730 --> 00:30:49,800
Or if you're a value gap, if there
is no fair, fair value gap or avoid
539
00:30:50,670 --> 00:30:53,220
price could just simply trade right
up into the bear shorter block.
540
00:30:54,000 --> 00:30:58,680
And if there is an idea that suggests
that there's possibly not a strong
541
00:30:58,680 --> 00:31:01,800
bearish order block there, we would
look for rejection block, which is
542
00:31:01,800 --> 00:31:03,630
a move above the candles bodies.
543
00:31:03,630 --> 00:31:05,430
If there's long wicks
that top, that market.
544
00:31:06,254 --> 00:31:09,675
And then ultimately I run above the
old high or return to a historical low,
545
00:31:09,885 --> 00:31:13,274
the same things we just outlined for
the monthly is seen for the weekly,
546
00:31:13,544 --> 00:31:17,385
both premium and discount, the same
Iraqi and how you would expect to see
547
00:31:17,385 --> 00:31:19,065
these arrays occur in price action.
548
00:31:19,665 --> 00:31:20,925
This is the way they are seen.
549
00:31:21,465 --> 00:31:25,215
And obviously the same thing is
said for a daily chart, nothing's
550
00:31:25,215 --> 00:31:27,165
changed the same error exists.
551
00:31:28,485 --> 00:31:29,565
If we're at equilibrium.
552
00:31:30,554 --> 00:31:34,334
And that's the current market action
price and we're expecting lower prices.
553
00:31:34,754 --> 00:31:37,304
The first thing we want to look for in
the left side of our chart, is there any
554
00:31:37,304 --> 00:31:39,945
mitigation blocks or a bullish breaker?
555
00:31:40,695 --> 00:31:44,145
If there is anything less than
that breaker probably won't be
556
00:31:44,145 --> 00:31:48,465
considered or retreated to the breaker
has precedence over everything,
557
00:31:48,495 --> 00:31:49,965
both bullish breaker and bear.
558
00:31:51,930 --> 00:31:56,070
So Ronald, take a look at an example
of all this information with our dollar
559
00:31:56,100 --> 00:32:00,180
yen example that we mentioned briefly
in lesson number five, money management
560
00:32:00,180 --> 00:32:06,750
was hard time from analysis using
these ideas in 6.2, that lesson will
561
00:32:06,750 --> 00:32:08,610
actually give it real practical example.
50163
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