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These are the user uploaded subtitles that are being translated: 1 00:00:12,240 --> 00:00:12,900 Welcome back folks. 2 00:00:12,900 --> 00:00:18,060 This is lesson two of the may, 2017 ICT mentorship, ICT amplified 3 00:00:18,060 --> 00:00:19,080 day trading and scalping. 4 00:00:20,010 --> 00:00:22,740 This teaching's going to be teaching, filling the numbers. 5 00:00:29,010 --> 00:00:29,430 Okay. 6 00:00:30,210 --> 00:00:35,700 Um, well, when we talk about filling in numbers, what we're talking about is the 7 00:00:35,940 --> 00:00:43,410 likelihood or the tendency for APTA to fill specifically for numbers per day. 8 00:00:45,390 --> 00:00:50,340 Now the daily range will seek to fill or trade to for specific levels. 9 00:00:50,370 --> 00:00:50,880 Each trading. 10 00:00:54,565 --> 00:00:59,605 These two levels that first come to mind is the previous day's high and low 11 00:01:00,535 --> 00:01:03,985 as a day trader you're going to work with the previous days, highs and lows 12 00:01:04,194 --> 00:01:09,025 and the last three days high and low, whichever the highest is in that regard 13 00:01:09,625 --> 00:01:12,175 for swing points based on the daily chart. 14 00:01:12,595 --> 00:01:13,134 Those. 15 00:01:13,950 --> 00:01:16,800 Reference points are going to be like your bread and butter. 16 00:01:17,070 --> 00:01:19,950 You're going to go to these specific levels because it's going to give 17 00:01:19,950 --> 00:01:22,380 you a great deal of context as you'll learn later in these months 18 00:01:22,650 --> 00:01:26,880 teachings, but the previous day's high and low, we always look for 19 00:01:26,880 --> 00:01:28,500 one of those levels to be traded to. 20 00:01:29,160 --> 00:01:31,890 It doesn't have to happen because the daily range could be smaller. 21 00:01:32,430 --> 00:01:35,130 Then we'll be required to get to the previous days higher, low, 22 00:01:35,160 --> 00:01:39,450 but generally we're looking for a retest or trade through previous 23 00:01:39,450 --> 00:01:40,470 days, highs and lows of the day. 24 00:01:44,250 --> 00:01:49,470 And for one of the tools that's most used by retail traders and 25 00:01:49,470 --> 00:01:55,770 still large funds, they will use what we understand as historically 26 00:01:55,770 --> 00:01:57,600 the floor traders, pivot numbers. 27 00:01:59,310 --> 00:02:04,380 Now I don't use them a great deal in my trading, except for this. 28 00:02:05,160 --> 00:02:10,380 I look for the central pivot point and these are zero GMT pivots. 29 00:02:12,269 --> 00:02:17,970 We look for the movement above the central pivot in the form of , which is 30 00:02:17,970 --> 00:02:21,390 the mid point or a 50% of the distance between the central pivot point in 31 00:02:21,390 --> 00:02:29,070 R one R one or resistance level four stage orders and four, which is the mid 32 00:02:29,070 --> 00:02:35,130 point or 50% of the distance between R one and R two pivot point R two, which 33 00:02:35,130 --> 00:02:36,410 is the resistance level for stage. 34 00:02:38,070 --> 00:02:42,000 M five midpoint or 50% of the distance between our two and our 35 00:02:42,000 --> 00:02:45,480 three and our three, which is the resistance level for stage orders. 36 00:02:45,480 --> 00:02:47,850 And you're probably asking yourself, what are staged orders, Michael? 37 00:02:47,850 --> 00:02:48,330 What is this? 38 00:02:49,650 --> 00:02:55,350 Because traders and most likely we'll be using pivot points collectively and fight. 39 00:02:56,310 --> 00:02:57,180 Use them as well. 40 00:02:57,810 --> 00:03:03,840 Uh, IPTA will invariably trade to them and through them, uh, most of the time folks 41 00:03:03,840 --> 00:03:07,440 that use pivot points, aren't really using them accurately and they don't always 42 00:03:07,440 --> 00:03:11,640 work either, but there's a tendency for up to, to want to trade to them because 43 00:03:11,910 --> 00:03:13,380 there's going to be staged orders. 44 00:03:13,380 --> 00:03:17,520 They're staged means there are buyers and sellers at those levels because 45 00:03:18,240 --> 00:03:19,260 most people don't have to use them. 46 00:03:20,685 --> 00:03:25,005 What would be otherwise viewed as a goodbye point below the central 47 00:03:25,005 --> 00:03:28,454 pivot point at like S one and S two, that actually might be a 48 00:03:28,454 --> 00:03:29,804 really good area to sell short. 49 00:03:30,015 --> 00:03:34,304 Once the daily range has started to expand down and it trades back up to that S one 50 00:03:34,304 --> 00:03:36,704 S two, that could be a continuation cell. 51 00:03:36,915 --> 00:03:39,704 But if you look at the general consensus across the board in retail 52 00:03:39,704 --> 00:03:42,915 perspective, they think anything below the central pivot point is a good one. 53 00:03:43,605 --> 00:03:46,725 So that's why we talk about it in terms of staged orders. 54 00:03:47,355 --> 00:03:49,755 We don't care whether they're buying or selling. 55 00:03:49,755 --> 00:03:53,865 We just know that it is going to go there to facilitate trade and go through that 56 00:03:53,865 --> 00:03:58,425 market for fund liquidity, not retail worker traders, not the little guys it's, 57 00:03:58,425 --> 00:04:03,045 you know, you know, in a mom and pop brokerage firms on the big bank level. 58 00:04:03,225 --> 00:04:05,475 They'll trade through these levels to fill those numbers. 59 00:04:08,275 --> 00:04:09,085 And obviously. 60 00:04:10,484 --> 00:04:11,595 Below the central pivot. 61 00:04:11,625 --> 00:04:15,555 We look for M two, which is the mid point or 50% of the distance between 62 00:04:15,555 --> 00:04:21,045 central pivot and S one S one is the first support level for states orders 63 00:04:21,404 --> 00:04:25,005 than M one, which is the mid point where 50% of the distance between S one and S 64 00:04:25,005 --> 00:04:31,185 two pivot points as to which is support level for stage orders, M zero, which 65 00:04:31,185 --> 00:04:35,955 at the mid point or 50% of the distance between S two and S3 and finally S3, which 66 00:04:35,955 --> 00:04:37,755 is a support level for staged orders. 67 00:04:38,534 --> 00:04:39,015 Now your problem. 68 00:04:40,125 --> 00:04:40,395 Yeah. 69 00:04:40,424 --> 00:04:43,575 If you've never heard of a pivot point, or if you've never seen these before 70 00:04:44,054 --> 00:04:45,825 is, is probably very confusing for you. 71 00:04:46,215 --> 00:04:48,224 And it's not that big of a deal. 72 00:04:48,255 --> 00:04:51,734 It's a simple little indicator that I'm going to share with you, um, on the forum. 73 00:04:51,825 --> 00:04:55,335 So at the time of this teaching, when you're done watching it, all 74 00:04:55,335 --> 00:04:58,304 you have to do is go back to the forum under the resources tab, 75 00:04:58,695 --> 00:05:00,195 underneath the PDF file link. 76 00:05:00,195 --> 00:05:02,234 That's not active until all the lessons are done. 77 00:05:02,505 --> 00:05:05,955 You're going to see a link there where you can download DMT for indicator. 78 00:05:09,510 --> 00:05:11,940 Well, it's not important that we understand how to trade pivot points 79 00:05:11,940 --> 00:05:13,320 like the reattune retail crowd. 80 00:05:13,740 --> 00:05:16,500 It's important to understand what these levels are and how 81 00:05:16,500 --> 00:05:18,990 we are going to interpret them in terms of filling the numbers. 82 00:05:19,950 --> 00:05:20,040 Okay. 83 00:05:28,230 --> 00:05:33,060 Using the order flow direction and PD Ray matrix for specific bias. 84 00:05:34,375 --> 00:05:38,155 We can use these numbers to help determine what numbers will be filling for that 85 00:05:38,155 --> 00:05:41,664 particular day, the trade entry point. 86 00:05:42,234 --> 00:05:43,465 Do you use for your trades? 87 00:05:43,705 --> 00:05:46,734 You look for the numbers that will fill from that price point. 88 00:05:47,484 --> 00:05:51,565 If you're going long, your from your long entry, you look above your entry point 89 00:05:51,835 --> 00:05:53,635 for the sequential four levels above. 90 00:05:54,354 --> 00:05:58,495 If you're selling short, you look below your entry point for the 91 00:05:58,495 --> 00:05:59,755 sequential four levels below. 92 00:06:01,305 --> 00:06:05,175 That means if we're looking to go short and we happen to be entering 93 00:06:05,175 --> 00:06:12,495 near the R two level, we could look for em for our one and three 94 00:06:13,635 --> 00:06:16,245 central pivot, four levels below us. 95 00:06:17,355 --> 00:06:21,165 That would be an example of looking for the numbers to fill using 96 00:06:21,165 --> 00:06:25,005 the pivots on large rains days. 97 00:06:25,635 --> 00:06:27,795 More than four levels can be filled or. 98 00:06:31,505 --> 00:06:35,645 The tendency to move at least to four levels is a general rule of thumb. 99 00:06:39,185 --> 00:06:42,305 Ideally, majority of your trade position will be taken off. 100 00:06:42,335 --> 00:06:43,565 After four levels are filled. 101 00:06:47,705 --> 00:06:51,065 Always leave a portion on for the potential for a large range day. 102 00:06:51,665 --> 00:06:52,445 If time permits. 103 00:06:53,370 --> 00:06:58,140 So, if we're looking at a position where long in intraday say we gone long from 104 00:06:58,140 --> 00:07:04,349 London and we've already seen four pivots traded to on the upside, the bulk of 105 00:07:04,349 --> 00:07:08,909 your position, I'd say about 75 to 80% of your trade should have been taken 106 00:07:08,909 --> 00:07:14,010 off in terms of profit and leave a small portion twenty-five to 30% remaining 107 00:07:14,010 --> 00:07:17,610 to see if you get a much larger range day because New York could see a much 108 00:07:17,610 --> 00:07:19,830 Wilder condition where it contains. 109 00:07:20,940 --> 00:07:24,240 And you may have already seen four levels traded to just 110 00:07:24,240 --> 00:07:25,620 inside of the London session 111 00:07:30,690 --> 00:07:34,290 using the order flow direction and PD array matrix for specific. 112 00:07:36,295 --> 00:07:38,185 Utilizing the central bank dealers range. 113 00:07:38,485 --> 00:07:42,505 When you're shorting the market selling above the central bank dealers range, 114 00:07:42,865 --> 00:07:47,815 you count the low of the central bank dealers range range itself as a level 115 00:07:48,055 --> 00:07:50,485 or that's level one of four to fill. 116 00:07:50,965 --> 00:07:54,025 In other words, once we determine what the central bank dealers range is, 117 00:07:54,415 --> 00:08:00,265 whatever it's lowest line or the range that creates the, the, the basis of. 118 00:08:01,410 --> 00:08:04,710 That consolidation or range, whatever that lowest figure is, whether you're 119 00:08:04,710 --> 00:08:09,900 using the Wix low or the lowest close or open for the bodies, whichever that 120 00:08:09,900 --> 00:08:13,740 is, that represents the first of four. 121 00:08:14,040 --> 00:08:15,180 So you would count that as one. 122 00:08:15,810 --> 00:08:18,810 So you'd be ideally shorting above that low. 123 00:08:19,230 --> 00:08:22,200 So when price trades down in your favor, when you're short, when you 124 00:08:22,200 --> 00:08:27,390 cross over the central bank, dealers range low, that counts as one. 125 00:08:30,535 --> 00:08:34,525 We expect the market to trade down to four central bank dealers, range lows, 126 00:08:35,184 --> 00:08:38,905 and let's look at the chart and see an example and everything we're seeing 127 00:08:38,905 --> 00:08:40,554 here, you would just reverse for buying. 128 00:08:43,495 --> 00:08:50,945 So going short here, this will be level one because you're selling short above 129 00:08:50,945 --> 00:08:52,745 the central bank dealers range low. 130 00:08:53,675 --> 00:08:56,405 So when price trades down through it, that's counting level number. 131 00:08:58,890 --> 00:09:04,819 Level two level three and finally level four. 132 00:09:04,850 --> 00:09:09,800 So there's an example of if filling the numbers on the basis of the 133 00:09:09,800 --> 00:09:10,670 central bank dealer's range. 134 00:09:10,670 --> 00:09:11,959 So now look what he'd done here. 135 00:09:12,439 --> 00:09:16,189 I've given you a means of looking for how the daily range is 136 00:09:16,189 --> 00:09:18,650 fulfilled using pivot points. 137 00:09:19,880 --> 00:09:22,459 Now with the central bank dealer's range, which is unique to me. 138 00:09:22,490 --> 00:09:25,670 No one else does this, but everyone knows about pivot points. 139 00:09:27,595 --> 00:09:28,555 Such Mike dealers range. 140 00:09:28,885 --> 00:09:30,235 We look for that same phenomenon. 141 00:09:30,565 --> 00:09:34,405 We're looking to sell short above the central bank dealers range low 142 00:09:35,875 --> 00:09:39,745 and using the central bank dealers range of low as your level one. 143 00:09:40,285 --> 00:09:44,725 And you count down each new standard deviation of the central bank 144 00:09:44,725 --> 00:09:46,045 dealers range projected lower. 145 00:09:47,185 --> 00:09:49,885 Every time you crossed the low end of that new range, projection 146 00:09:49,885 --> 00:09:53,245 or standard deviation, that's counted as one new level. 147 00:09:53,305 --> 00:09:54,685 And you look for four of those to fill. 148 00:09:56,165 --> 00:10:01,385 Reversing, this you'd be buying below the central bank dealers range low. 149 00:10:03,035 --> 00:10:05,765 And once we get to the central bank dealers range high, that would be 150 00:10:05,765 --> 00:10:09,785 counted as level one, and he would continue to do the stand deviations 151 00:10:09,785 --> 00:10:12,545 of the central bank dealers range, projecting it higher, higher, higher, 152 00:10:12,545 --> 00:10:13,714 stacking it on top of each other. 153 00:10:13,985 --> 00:10:16,834 And once you get through four other central, my dealers range highs. 154 00:10:17,885 --> 00:10:21,515 That's your level four count or the numbers being filled on the basis 155 00:10:21,545 --> 00:10:23,194 of the central bank dealers range. 156 00:10:25,140 --> 00:10:31,199 We'll look to fill four pivots intraday it'll look to fill for central bank 157 00:10:31,199 --> 00:10:37,229 dealers, range, projections, or standard deviations either or can be used. 158 00:10:37,770 --> 00:10:40,199 Now I already know what you're thinking, but trust me, I'll answer that question. 159 00:10:40,229 --> 00:10:41,040 I already know what you're thinking. 160 00:10:41,040 --> 00:10:41,459 Trust me. 161 00:10:41,760 --> 00:10:44,160 We'll get to it at the end of this teaching using the order 162 00:10:44,160 --> 00:10:49,319 flow direction and PDA rate matrix for specific bias, utilizing the 163 00:10:49,319 --> 00:10:50,969 Asian range when you were buying. 164 00:10:52,005 --> 00:10:56,115 Buying below the Asian range, you count the high, the Asian range as level 165 00:10:56,115 --> 00:11:01,485 one of four to fill, expect the market to trade up for Asian range highs, 166 00:11:02,445 --> 00:11:04,275 see chart to the left and everything. 167 00:11:04,275 --> 00:11:04,875 I'm showing you here. 168 00:11:04,905 --> 00:11:06,165 You're going to be reversed for shorting. 169 00:11:08,895 --> 00:11:09,135 Okay. 170 00:11:09,225 --> 00:11:16,305 You see the market making a low here after midnight candles, opening trades lower. 171 00:11:18,655 --> 00:11:25,735 Aging range, high Phil, number one, level number two, level number 172 00:11:25,735 --> 00:11:28,285 three, level and number four. 173 00:11:29,725 --> 00:11:32,515 And again, as I mentioned earlier, in the beginning of this teaching, 174 00:11:33,415 --> 00:11:35,275 four is just a general rule of thumb. 175 00:11:35,395 --> 00:11:37,315 It can always go one more level or more 176 00:11:41,815 --> 00:11:44,815 continuing with our theory of filling a number. 177 00:11:45,930 --> 00:11:49,290 Using the order flow direction and at Ray matrix for specific 178 00:11:49,290 --> 00:11:51,630 bias utilizing the flout. 179 00:11:52,140 --> 00:11:53,280 Ooh, we haven't talked about that. 180 00:11:53,280 --> 00:11:55,620 You're happy utilizing the flout. 181 00:11:55,920 --> 00:12:02,370 When you are shorting the market shorting above the flouts equilibrium or 50% of 182 00:12:02,370 --> 00:12:06,270 the range that creates the flout, you count the equilibrium of the flower 183 00:12:06,310 --> 00:12:08,420 range to the high of the range of the. 184 00:12:09,420 --> 00:12:14,310 As one standard deviation, the equilibrium of the flat range to the low of its 185 00:12:14,310 --> 00:12:18,300 range is counted as one standard deviation now probably confuse you, 186 00:12:18,300 --> 00:12:19,980 but watch it's very easy to understand. 187 00:12:20,430 --> 00:12:25,920 The total flout range is projected on the basis of 50% of its complete range. 188 00:12:26,340 --> 00:12:30,690 And the range is determined between 3:00 PM, New York at midnight and noon. 189 00:12:31,439 --> 00:12:34,020 So, whatever that range is the highest high and the lowest low, 190 00:12:34,380 --> 00:12:38,370 or the highest body open or closed and the lowest body open or close, 191 00:12:38,790 --> 00:12:39,960 however way you want to do the range. 192 00:12:39,990 --> 00:12:43,230 You got to do both of them now because we always have to factor in the potential 193 00:12:43,260 --> 00:12:48,420 error by looking at retail data feeds, but by using both of them are going 194 00:12:48,420 --> 00:12:53,970 to get a good, pretty good idea, but we take that total range, its entire 195 00:12:53,970 --> 00:12:58,110 range from 3:00 PM to midnight, New York time, whatever that range is. 196 00:12:58,995 --> 00:13:02,235 Find out what the middle of it is or equilibrium, or basically find the 197 00:13:02,235 --> 00:13:03,704 mean threshold of that total range. 198 00:13:04,485 --> 00:13:10,964 What you end up with is two new ranges, but one of those ranges 199 00:13:11,055 --> 00:13:14,594 equates to one other numbers that would be used for flout. 200 00:13:16,395 --> 00:13:21,135 You expect the market to trade down for flout ranges in the form of a low. 201 00:13:21,435 --> 00:13:27,344 So once you project the flout down, one, one new low. 202 00:13:28,265 --> 00:13:31,844 Of its range divided in half that constitutes level one, a four 203 00:13:31,844 --> 00:13:34,574 numbers to fill for the day and the, see the chart to the left. 204 00:13:34,574 --> 00:13:36,675 And you'll see what I'm referring to that. 205 00:13:36,795 --> 00:13:39,435 We're going to come back to flout again in this month because I'm going 206 00:13:39,435 --> 00:13:42,584 to teach everything I know about it, but everything I'm showing you 207 00:13:42,584 --> 00:13:43,604 here, you just reverse for buying. 208 00:13:44,385 --> 00:13:47,505 So we have the flout range determined here between the two 209 00:13:47,505 --> 00:13:50,625 blue lines and the shaded boxes. 210 00:13:50,625 --> 00:13:51,464 They're a little bit past the. 211 00:13:52,215 --> 00:13:58,935 The time window, but I'm doing, uh, the, the first upper most gray blocks in the 212 00:13:59,205 --> 00:14:01,875 second box below it, the light blue box. 213 00:14:02,175 --> 00:14:04,485 That is the entire cloud range. 214 00:14:04,965 --> 00:14:09,194 What I did there is I divided it in half to create two flout ranges. 215 00:14:11,325 --> 00:14:14,085 Price needs to be selling short. 216 00:14:14,145 --> 00:14:16,845 If you're going to be bearish, you have to sell short above the 217 00:14:16,845 --> 00:14:18,855 equilibrium of the flout total. 218 00:14:20,010 --> 00:14:25,470 Or in the upper most portion of that flat range or the gray box here as an 219 00:14:25,470 --> 00:14:32,460 indicator with an arrow price trades down to level one, which is the new 220 00:14:32,790 --> 00:14:36,870 flout range low, or basically the lower half of the total flat range. 221 00:14:37,380 --> 00:14:38,220 That's level one. 222 00:14:38,700 --> 00:14:42,990 If we were bullish and we were buying below the equilibrium of the total flat 223 00:14:42,990 --> 00:14:47,280 range between 3:00 PM and 12:00 AM, New York, we will be buying below equal. 224 00:14:47,280 --> 00:14:47,370 Right? 225 00:14:48,180 --> 00:14:53,160 And using the high of the flout range as level one or the first of 226 00:14:53,160 --> 00:14:54,360 four numbers to fill for the day. 227 00:14:54,390 --> 00:14:57,390 And you'd just keep projecting half of the flouts total 228 00:14:57,390 --> 00:15:00,300 range as a new number to fill. 229 00:15:00,870 --> 00:15:01,110 Okay. 230 00:15:01,110 --> 00:15:03,600 So you're not projecting the entire flout ranger. 231 00:15:03,690 --> 00:15:06,180 You're actually projecting and doing standard deviations of 232 00:15:06,180 --> 00:15:09,840 50% of the range between 3:00 PM and midnight New York time. 233 00:15:11,640 --> 00:15:15,420 You see the respective level two or second number two. 234 00:15:16,425 --> 00:15:18,495 Which is the third flout range low. 235 00:15:19,094 --> 00:15:25,655 The fourth low of the flat range is actually number four of the range. 236 00:15:27,094 --> 00:15:33,905 And the final fourth is seen with the fourth number in the daily 237 00:15:33,905 --> 00:15:37,474 range numbers to be filled in, obviously projected one more time. 238 00:15:37,474 --> 00:15:41,045 Cause like everything else we've shown here for is just a general rule. 239 00:15:42,490 --> 00:15:45,069 It goes down to a fifth level, actually nail in the very low. 240 00:15:45,699 --> 00:15:49,329 And this is a pound yen chart just for you guys to like the 241 00:15:49,329 --> 00:15:53,319 trade dues, exotic payers, uh, this stuff works on there as well. 242 00:15:56,650 --> 00:16:01,210 And I already know what you're thinking, Michael, which one do I do? 243 00:16:01,240 --> 00:16:02,530 Do I use the pivots? 244 00:16:02,560 --> 00:16:04,180 Do I use central bank dealers reins? 245 00:16:04,180 --> 00:16:05,410 Do I use the agent range? 246 00:16:05,800 --> 00:16:07,090 Do I use the flout? 247 00:16:10,480 --> 00:16:13,750 Well, when it comes to considering which numbers to fill, you have to 248 00:16:13,750 --> 00:16:15,550 consider the fact that we never know. 249 00:16:15,940 --> 00:16:19,630 You never know for certain before the day begins. 250 00:16:19,660 --> 00:16:21,880 What if this is going to use to fulfill its daily range? 251 00:16:22,570 --> 00:16:27,190 I never know that, but I look at London's trading going into New York. 252 00:16:27,820 --> 00:16:30,520 By the time we get to New York, you'll get some greater insight. 253 00:16:30,730 --> 00:16:33,580 So we get closer to the truth as the trading day. 254 00:16:35,219 --> 00:16:37,800 The New York session will generally provide the measurements if 255 00:16:37,800 --> 00:16:41,069 the is presently using for the engineering of the daily range. 256 00:16:41,370 --> 00:16:42,300 So what do I mean by that? 257 00:16:42,870 --> 00:16:47,040 Well, we know we have a few different things here at our disposal for 258 00:16:47,040 --> 00:16:49,800 determining where price will go for the daily higher, low. 259 00:16:50,250 --> 00:16:53,640 If we're bullish, we're wanting to see how far it will deliver 260 00:16:53,640 --> 00:16:56,490 price on the upside by itself. 261 00:16:57,585 --> 00:17:00,375 These ranges and these projections don't mean anything. 262 00:17:00,735 --> 00:17:01,725 They don't mean anything at all. 263 00:17:02,145 --> 00:17:06,045 But what we look for is confluence is between one or possibly more of 264 00:17:06,045 --> 00:17:09,855 the tools that we outlined in this teaching for measuring these four 265 00:17:09,855 --> 00:17:14,295 levels, coupling these with the present trading environment, time of 266 00:17:14,295 --> 00:17:18,525 day, direction, and PD rate matrix, you will unlock the daily highs. 267 00:17:19,905 --> 00:17:22,454 Now you've seen me do this several times in the mentorship. 268 00:17:22,454 --> 00:17:25,635 And when, before we did the mentorship, I was actually calling daily highs 269 00:17:25,635 --> 00:17:28,725 and lows and I'd get with him one or two pips, many times rate to the PIP. 270 00:17:29,745 --> 00:17:30,824 How I do that. 271 00:17:31,544 --> 00:17:36,405 I don't know that for certain at the London open, I don't know that some of the 272 00:17:36,405 --> 00:17:38,774 folks that are in the free members group. 273 00:17:38,955 --> 00:17:39,135 Okay. 274 00:17:39,915 --> 00:17:40,635 Yeah, follow me. 275 00:17:40,635 --> 00:17:41,985 It has never made it to our mentorship. 276 00:17:42,555 --> 00:17:46,935 They think that I'm superhuman and I do this on a daily basis and that's not true. 277 00:17:47,055 --> 00:17:49,995 Obviously you've seen, that's not the case, but there are certain 278 00:17:49,995 --> 00:17:54,435 times when I feel an unction about where the market's going and when 279 00:17:54,435 --> 00:17:56,145 I'm showing you how it works. 280 00:17:57,195 --> 00:18:00,135 Real time and giving you examples like we did with the Euro this week, 281 00:18:00,615 --> 00:18:02,235 uh, what they want to nine 30 level. 282 00:18:02,445 --> 00:18:05,685 I was off by five pips there, but nonetheless, it went up there 283 00:18:05,685 --> 00:18:07,185 with, uh, with a great deal. 284 00:18:07,185 --> 00:18:07,515 Ease. 285 00:18:08,715 --> 00:18:13,905 The level was determined by using these ideas. 286 00:18:14,805 --> 00:18:17,595 Now I don't show you everything on my chart because invariably, like 287 00:18:17,595 --> 00:18:20,235 I showed you here, there's probably a thousand questions already going 288 00:18:20,235 --> 00:18:21,375 through your mind about the flat. 289 00:18:22,065 --> 00:18:22,905 What was that again? 290 00:18:22,965 --> 00:18:25,275 The range that we divide this, do we divide that? 291 00:18:25,335 --> 00:18:25,995 What are we projected? 292 00:18:26,880 --> 00:18:28,710 I already know you're going to have a million questions about flap. 293 00:18:29,160 --> 00:18:32,610 So just understand that we're going to teach in detail the flour, 294 00:18:32,670 --> 00:18:36,630 and I'm using it here as a segue, going into more teachings about it. 295 00:18:36,630 --> 00:18:41,700 But we used flout central bank dealers, range, Asian range, and pivots for 296 00:18:41,700 --> 00:18:45,390 looking to fulfill the daily range or filling the numbers as it's called. 297 00:18:46,860 --> 00:18:48,389 So, how do you use all this information? 298 00:18:48,420 --> 00:18:51,870 Well, what you do is is you, you determine number one, where price should 299 00:18:51,870 --> 00:18:54,389 be reaching based on the PDA matrix. 300 00:18:54,670 --> 00:18:57,600 Remember we've already determined based on institutional order flow on 301 00:18:57,600 --> 00:19:00,389 a daily and four hour, where price is going to go higher or lower. 302 00:19:01,230 --> 00:19:05,520 If price is respecting a premium PD array on a daily or four 303 00:19:05,520 --> 00:19:07,920 hour, we're going to anticipate. 304 00:19:08,715 --> 00:19:14,925 Price rallying up at new York's Midland candle or thereafter that 305 00:19:14,925 --> 00:19:20,505 rally up that protraction every market state is the Judas swing where using 306 00:19:20,505 --> 00:19:23,295 some measure of standard deviation. 307 00:19:23,355 --> 00:19:28,935 One of the fours has been shown here either by way of general pivots central 308 00:19:28,935 --> 00:19:34,335 bank dealers range, Asian range, and now the flout we use those projections. 309 00:19:35,930 --> 00:19:38,330 For a basis of how far price can go down. 310 00:19:39,080 --> 00:19:42,470 Now, we don't know how fast the price is going to be delivered 311 00:19:42,740 --> 00:19:43,580 across the daily range. 312 00:19:43,600 --> 00:19:47,690 In other words, London can be 80% of the daily range and then the 313 00:19:47,690 --> 00:19:48,860 rest of the day just goes quiet. 314 00:19:49,760 --> 00:19:50,900 It's been done before. 315 00:19:51,470 --> 00:19:53,330 Sometimes London doesn't do much at all. 316 00:19:53,330 --> 00:19:56,420 And finally, the movie takes place in New York and all the range 317 00:19:56,420 --> 00:19:59,690 has completed from seven o'clock in the morning to London close. 318 00:20:01,280 --> 00:20:02,510 We don't ever know that. 319 00:20:04,379 --> 00:20:08,429 What we do is we project these measurements across to all four of them. 320 00:20:08,429 --> 00:20:11,010 We go through, and this is the work that you do throughout the day. 321 00:20:11,429 --> 00:20:15,179 You don't look at your chart, blindly, I'm doing measurements, I'm looking at things. 322 00:20:15,659 --> 00:20:17,979 I'm having Cody going back and forth between different charts, because 323 00:20:17,979 --> 00:20:22,379 I want to see what the measurements are that overlap and converge with. 324 00:20:22,830 --> 00:20:26,070 In this case, if we're looking to go short, I'm looking for some measurement 325 00:20:26,100 --> 00:20:32,370 of a discount PD array on a daily or four hour, that would line up with time of day. 326 00:20:33,875 --> 00:20:40,375 And the standard deviations that we use respectively with either the central bank 327 00:20:40,375 --> 00:20:47,885 dealers ranks flout or Asian range and or four levels on the, uh, the pivot points. 328 00:20:50,345 --> 00:20:53,855 Eventually throughout the morning, you're going to come to a conclusion 329 00:20:53,855 --> 00:20:56,495 where you can narrow down exactly where price is most likely. 330 00:20:57,825 --> 00:21:00,885 The worst case scenario is going to be that you're going to see 331 00:21:00,975 --> 00:21:02,475 it go further than you thought. 332 00:21:02,805 --> 00:21:03,495 And guess what? 333 00:21:03,735 --> 00:21:07,725 That's why you leave a little piece of a position on because you can be wrong 334 00:21:07,785 --> 00:21:09,075 and it could be in your benefit to be. 335 00:21:13,660 --> 00:21:17,020 And when you're bullish, uh, we're looking for some measure of a move 336 00:21:17,020 --> 00:21:21,610 lower obviously, and some measure of standard deviation that we adopt. 337 00:21:21,660 --> 00:21:22,540 We go through all of them. 338 00:21:22,540 --> 00:21:25,600 We're not just picking our favorite ones, not the are, you know, this is 339 00:21:25,600 --> 00:21:28,960 an, I understand central bank dealer's range, or I understand the Asian range. 340 00:21:28,960 --> 00:21:29,740 I'm going to stick to that. 341 00:21:29,770 --> 00:21:31,000 No, you don't want to do that. 342 00:21:31,150 --> 00:21:33,730 If you already started thinking yourself, well, this is getting too complicated 343 00:21:33,730 --> 00:21:36,040 for me, then you need to dig into. 344 00:21:36,945 --> 00:21:40,304 And really due to work a falling and do this. 345 00:21:40,425 --> 00:21:41,774 It doesn't take long folks really. 346 00:21:42,044 --> 00:21:45,104 I mean, if you, if you're falling 28 pairs, obviously you're, you're going 347 00:21:45,104 --> 00:21:48,794 to want to not do this, obviously, but we teach in this mentorship 348 00:21:48,824 --> 00:21:49,955 that you want to be a specialist. 349 00:21:50,054 --> 00:21:53,955 You have one really good pair that you like to trade all the time and 350 00:21:53,955 --> 00:21:55,364 a secondary that goes well with it. 351 00:21:55,364 --> 00:21:58,905 Maybe it's in concert with it or trades in a close correlation with it. 352 00:21:59,024 --> 00:22:01,304 Like I teach the trade with the cable and fiber. 353 00:22:02,430 --> 00:22:05,700 I'm not forcing you to be those types of traders, but there's other pairs you can 354 00:22:05,700 --> 00:22:11,700 trade that are closely correlated and you keep me in Aussie for instance, but by 355 00:22:11,700 --> 00:22:17,250 using these measurements, we can determine how, if they will fill the numbers 356 00:22:18,300 --> 00:22:20,280 on their respective characteristics. 357 00:22:20,310 --> 00:22:25,530 Each one has obviously, uh, a certain measure of overlap, but when it comes 358 00:22:25,530 --> 00:22:29,340 to flout, that range between 3:00 PM and midnight, you have to divide and enhance. 359 00:22:30,360 --> 00:22:33,480 The highest high and the lowest low, you divide that in half and 360 00:22:33,480 --> 00:22:34,649 find the equilibrium price point. 361 00:22:34,920 --> 00:22:38,550 You end up with two flat ranges there to go short using flat. 362 00:22:38,550 --> 00:22:41,399 You must be entering short above the equilibrium of the total flat 363 00:22:41,399 --> 00:22:45,659 range, and then use the flat range low as your first number of one 364 00:22:45,659 --> 00:22:46,860 to four to be filling for the day. 365 00:22:47,760 --> 00:22:51,060 If you're going long using flour, you have to be buying the 366 00:22:51,060 --> 00:22:52,200 low equilibrium of the flour. 367 00:22:53,010 --> 00:22:56,220 Total range between three and 12 midnight am New York time. 368 00:22:56,790 --> 00:22:58,139 And then using the flour total. 369 00:22:59,085 --> 00:23:01,274 Hi as level one of the first count. 370 00:23:02,355 --> 00:23:04,784 And you do that for four without projections and the 371 00:23:04,784 --> 00:23:05,655 projections are standard. 372 00:23:05,655 --> 00:23:09,105 Deviations are basically 50% of the total flat range. 373 00:23:09,435 --> 00:23:11,355 You do not use flats, total range. 374 00:23:11,865 --> 00:23:12,225 Okay. 375 00:23:14,175 --> 00:23:17,085 And by doing this folks, what you end up dealing is, is you're, you'll be 376 00:23:17,085 --> 00:23:24,225 buying after some measure of protection below the, obviously the, uh, the 377 00:23:24,225 --> 00:23:25,845 Asian range low would be the ideal. 378 00:23:27,199 --> 00:23:30,320 But you'd be looking for those projections to overlap with time 379 00:23:30,320 --> 00:23:33,980 of day and a premium PD array. 380 00:23:34,820 --> 00:23:38,449 And by doing that, you blend those two things together with time of day. 381 00:23:38,449 --> 00:23:39,860 How much time do you have left in a day? 382 00:23:40,100 --> 00:23:43,070 Does it have time to get up to these projections and you keep 383 00:23:43,070 --> 00:23:47,300 stacking them on and you ended up getting the daily highs and lows. 384 00:23:47,300 --> 00:23:51,290 Like I've been shown many instances of over the last few years. 385 00:23:52,320 --> 00:23:55,170 But this teaching is exactly how I do it. 386 00:23:55,800 --> 00:23:57,870 There's no secret sauce outside of this. 387 00:23:58,050 --> 00:24:00,450 Here's a couple little things I got to teach you about flour for the rest, 388 00:24:00,450 --> 00:24:05,010 through the teachings of this month, but you'll know everything I do when it 389 00:24:05,010 --> 00:24:08,310 comes to picking a daily highs and lows, because you need that for day trading. 390 00:24:08,640 --> 00:24:10,740 You need to know how far that daily range is going to go. 391 00:24:11,220 --> 00:24:14,850 If you don't have those things at your disposal, no one a day trading 392 00:24:14,850 --> 00:24:17,220 is hard for everyone because they don't know what you're doing, but 393 00:24:17,220 --> 00:24:19,830 we can narrow down to precisely. 394 00:24:20,760 --> 00:24:24,690 Entry points and precise exit points and know with a great deal of certainty. 395 00:24:25,320 --> 00:24:28,920 Once a little bit of a trading range has been posted through London. 396 00:24:29,400 --> 00:24:32,460 You get a greater feel for where it's going to reach for, and then 397 00:24:32,460 --> 00:24:35,040 you start incorporating things like average daily range, which 398 00:24:35,040 --> 00:24:36,270 we'll also incorporate this month. 399 00:24:37,094 --> 00:24:38,504 When they overlap also. 400 00:24:38,625 --> 00:24:40,844 Wow, you got dynamite in a bottle. 401 00:24:40,875 --> 00:24:44,985 It's amazing how fast you can get really precise about your entries 402 00:24:44,985 --> 00:24:48,675 and exits and have the lines portion of the daily range at your disposal 403 00:24:48,975 --> 00:24:50,685 and take down those trophy buck wins. 404 00:24:55,435 --> 00:24:58,375 No, obviously blending several of these concepts together. 405 00:24:59,215 --> 00:25:03,445 You'll get a confluence of amazing. 406 00:25:06,445 --> 00:25:07,855 This week, we mentioned towel. 407 00:25:08,395 --> 00:25:14,575 The low was most likely forming on Thursdays, New York open as 408 00:25:14,575 --> 00:25:17,455 price traded down below sell stops. 409 00:25:17,695 --> 00:25:22,044 Debts were outlined on our charts and outlined in great detail. 410 00:25:22,075 --> 00:25:26,215 In fact, it did that ahead of the news at eight 30. 411 00:25:27,355 --> 00:25:30,985 And I mentioned that that was most likely going to be problematic and 412 00:25:30,985 --> 00:25:31,975 we were probably making the loan. 413 00:25:33,420 --> 00:25:36,270 That's actually forming the bullshitter block. 414 00:25:36,280 --> 00:25:40,920 That's been delineated here on the chart going in the Friday. 415 00:25:41,670 --> 00:25:46,530 You see, we had market moving into a small consolidation and price 416 00:25:46,530 --> 00:25:50,130 dropping down after midnight, which is four GMT on four XLT. 417 00:25:50,130 --> 00:25:56,670 These platform by looking at price like this, you see it trade 418 00:25:56,670 --> 00:25:58,560 back down below the Asian range. 419 00:25:58,590 --> 00:26:00,990 Now those it didn't go below the age range much at all. 420 00:26:01,470 --> 00:26:01,860 It doesn't have. 421 00:26:03,665 --> 00:26:08,945 Trade into the Asian range, low and a discount PD array, bull, shorter block 422 00:26:12,075 --> 00:26:15,765 price, moved away from that and was consolidating in the New York session. 423 00:26:16,485 --> 00:26:21,105 When we were alive with one another, I stayed that we would probably see one to 424 00:26:21,105 --> 00:26:26,265 nine 30 as a daily high, because there was a fair value gap at that price range. 425 00:26:27,105 --> 00:26:30,425 What you didn't see on my other charts was this information. 426 00:26:31,760 --> 00:26:37,550 We had, calling for one to 9 33, and I teach that we want 427 00:26:37,550 --> 00:26:38,810 to get out ahead of that. 428 00:26:39,290 --> 00:26:42,830 And what's the nearest round number before that 1 0 9 30. 429 00:26:43,729 --> 00:26:46,219 It traded to ultimately 1 0 9 35. 430 00:26:49,120 --> 00:26:54,040 The likelihood of you finding this information across the internet or going 431 00:26:54,040 --> 00:26:58,419 into other people's work using pivot points, maybe once in a while, you'll get 432 00:26:58,419 --> 00:27:00,340 something overlaps and they'll do okay. 433 00:27:01,065 --> 00:27:03,885 Yeah, Fibonacci this and Fibonacci that, and you might get once in 434 00:27:03,885 --> 00:27:09,345 a while you get a good trade, the pivots are no magic number. 435 00:27:10,305 --> 00:27:13,365 We use them for how far the range will expand. 436 00:27:14,775 --> 00:27:18,975 I don't use them so much for entries, but I do use them in the 437 00:27:18,975 --> 00:27:20,385 context that's been shown here. 438 00:27:21,825 --> 00:27:27,585 When I'm looking for the numbers to fill, I'm looking for four of them, four levels 439 00:27:28,065 --> 00:27:29,325 either by central bank dealers, right. 440 00:27:30,195 --> 00:27:37,305 Standard deviations, Asian range, sustainer, deviations, flout, 50% 441 00:27:37,305 --> 00:27:39,645 of that range divided in half each. 442 00:27:39,645 --> 00:27:42,495 One of that makes up a new flat range, standard deviation. 443 00:27:42,705 --> 00:27:51,405 I look for, for those, or I look for, for pivots, again, as I stated at the 444 00:27:51,405 --> 00:27:54,495 beginning of this mentorship, it's going to require you to be thinking. 445 00:27:55,695 --> 00:27:57,435 With this stuff, that's being taught the end. 446 00:27:57,975 --> 00:27:59,235 We're in the meat of it now. 447 00:28:00,105 --> 00:28:02,495 So you have to put some work behind it. 448 00:28:02,495 --> 00:28:06,075 You just can't simply put these things on your chart and they just speak to you. 449 00:28:06,795 --> 00:28:07,034 Yeah. 450 00:28:07,034 --> 00:28:10,575 There's no, there's no download that takes place just because it's on your 451 00:28:10,575 --> 00:28:13,695 chart, you have to think, and you have to do a little bit of work and 452 00:28:13,695 --> 00:28:15,524 do measurements throughout the day. 453 00:28:15,555 --> 00:28:16,514 It's not easy. 454 00:28:17,625 --> 00:28:21,075 It requires some work and effort, but when you put the effort in you 455 00:28:21,075 --> 00:28:23,955 get amazing blue ribbon results. 456 00:28:24,765 --> 00:28:25,665 And that's what you're looking for. 457 00:28:25,675 --> 00:28:29,175 You signed on with this mentorship to see how I do these things. 458 00:28:29,235 --> 00:28:33,315 You see me doing them, and now you're seeing how I get to that information. 459 00:28:33,795 --> 00:28:34,875 But here's the main thing. 460 00:28:36,345 --> 00:28:41,655 If the markets do not move and have volatility, you cannot get precision 461 00:28:42,165 --> 00:28:43,665 because there has to be displacement. 462 00:28:44,025 --> 00:28:47,145 Look at that nice move we saw in New York session exploded out like that. 463 00:28:48,855 --> 00:28:49,655 That's what we need. 464 00:28:50,760 --> 00:28:53,879 When price gives us that, then I'll show you this mojo. 465 00:28:54,780 --> 00:28:56,939 And until next time I wish you good luck and good trading. 41916

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