All language subtitles for 10.Market Structure Meetup - 12 DEC 21

hey guys hopefully you can all hear me just let everyone into the room

hey guys how's it going

let's get you all in

hey what's poppin matt hey how's it going mate what are you doing i'm fine

what about you what's up man yeah not too bad how's it going how's it

going just letting everybody in it's a decent amount of people in tonight

uh should probably try and get rid of this

waiting room thing for next time because it's going to be a

pain in the ass i think i keep letting everyone in

manually but uh yeah you can do that

immediately this i think where is it

there is a option in the

settings tab yeah i think i've seen it before but i

think i'll have to do it before the meeting

starts i'm not sure i can do it during but it should be all right

i think you can do it now but i i don't see it because

[Music] it's like in the in the

pop-up thing yeah

yeah

just give it a couple more minutes just to let a few more people trickle in and

then we'll hop on the charts and try and nail this market structure once

and for all um

[Music] yeah

as everyone's weak going so far they're only one day in but

i totally managed the market today yeah

i i don't know what the today was like the best day

in a few months now oh is that when you're a dollar

oh yeah

i got all my analysis right for a

yeah it's just basically i just want to make a marker structure before i do

anything else yeah yeah it's honestly so key to know

like um even if you have like experience with

some of the other concepts like supply and demand and whatnot is

i mean i i'm hesitant to go on a rant about

market structure because i do it so much and in the course you have to sit

through probably listen to me rant about it i don't want to rant about it too

much here i think i think you guys are all pretty much bought into the idea

uh of how important it is so i mean that's not the reason why i

joined the course literally because you know i i think i messaged you

tonight on am i i sent a message on your youtube

saying like this is amazing like you know the the video yeah and enjoying the

course but just watching that um i literally made four percent on in one

like but even then i'm just like nah this can't be like this i've just gotta

nail a little bit more like today on pound usd

that's my favorite pair yeah i literally like

it 1.3 pip stop for myself at new york um yeah

i took the trade but and then after i've done 20 pips or whatever i closed it

because i just thought i just i need to i need to watch this session saying

before i make my mind up about wow i'm gonna treat it

with three purple on pound older is pretty impressive that that's quite like

i usually don't go below three three on a dollar but yeah but i think i was just

being very very um like i was just waiting for sweeps

and yeah for not to break any more highs and i was being very very like

systematic about it but that was only because of what a little bit of the

market structure nothing else during me so yeah i'm gonna wait

yeah that pandora's pandora's good when you catch it and it goes it just flies

so it's always a pair of being

tempted back into training but um

yeah just the last few months i've just kept it really simple just just focus on

your dollar and i've just made my life just a lot easier and more

enjoyable really than trying to kind of split my focus between multiple pairs

um yeah pandora's decent if you can if you can know that just have to be really

on the ball with with how much it likes to sweep

liquidity sweet pies and come back to those extreme zones before it makes that

real move whereas

is a little bit more i don't want to say simple but yeah it's

just it doesn't tend to liquidity is not as big as a role i find

and it can like you know react from you know what we call the decisional supply

zones or demand zones but it doesn't pull back

to the extreme whereas pandora i just found when i traded it you had to

be a lot more patient and waiting for price to come those extreme moves before

it would really give you the move that you want to catch but yeah

sweet i think well that's probably the majority of

people and we've got decent decent attendance tonight um

so yeah what i'll do is uh bear with me one second wants to

share my training view screen um

cool so

can you guys all see my screen pretty well

anyone just give me a shout out a thumbs up or something

oh yeah cool

all right i'm gonna try my best to keep my um

my eye one eye on the on the chat whilst i go through this uh obviously for some

of you guys that have your microphones um if you have any questions come in so

yeah um unless some of you guys have already been in in the zoom meet up or

watch the last one kind of the format for these are

very very informal um the best way i've found it is if you

guys have any questions at any point or i'm explaining something it doesn't

feel clear enough you need me to slow down whatever the best thing to do is

just shout over me interrupt me don't worry it's not rude at home it's just

the easiest easiest way uh to do this so obviously or i want to make this rather

than kind of just a general q a like we usually do i want to make this kind of

main main focus on market structure we might bring a little bit of supply and

demand and look at some interesting stuff towards the end but i want to keep

this very very simple um i'm really just going to the stuff that we look at

purely in the market structure module but in just a lot more depth obviously

spend all this time going through bar replay pretty much on walkthroughs

because i was having to think what would be the

best way to kind of go through this other than what i've already done in the

course like you know i was going to kind of do a bit of a prison not presentation

but kind of you know a few little mini lessons here um

but i think the easiest way to kind of instead of trying to jump through and

try me to try and find different examples is we'll just do bar replay

we'll go back to around a bit in price action and we'll just play it forward

and literally map market structure the way

that i do in the course the way that i do it in my own trading lifetime and you

can guys hear my thought process and there will i'm sure be bits where price

section comes up where it's a little bit confusing it's a little bit messy and i

think that's where a lot of questions will come up um

where we can slowly work our way through that uh

one thing i was going to try before we hop into that is can you guys

uh i don't know if it's possible zoom somehow draw draw on the screen can you

all just draw a random scribble yeah you can see you can draw it yeah

yeah so everyone know everyone know how to do

that every week

so it looks like you all know how to do that the only thing i don't know how to

do is delete your drawings when you do it but okay if you guys delete it

sorry you can't i can't draw

we can draw like your complete screen and you

cannot do anything about it okay but i have before you start i have uh i

don't know if you're if you want to hear it but i have found

a concept where you can identify the market structure

like the most technical it could be i found out that if you like

try to map market structure on the h4 so you need h4 highs and lows swing highs

and lows you can do that on like daily aggressive

structure i i back tested it and it worked like i

don't know 99 percent i think

are you saying that daily internal structure is another

structure but like the concept of the change of character where you you look

like at the weeks and stuff like that um

if you if you hop on to the daily i can show you in like

one second soon a little bit so this for example

this for example uh

is 100 low on the h4 and like this got broken so this is the

high and then you look like at the weeks

and if one week is like this one higher than the previous one

this is our low and this is the high and this works like on the if you need the

h4 swing structure you do it on the daily if you need the

15 minute string structure it is the one-hour chart

okay i'm gonna look let's just keep it simple let's

just follow i appreciate you found fun of something

that works for you and that's cool but just i don't want to confuse people any

more than maybe what they already are i kind of want to stick to the you know

the method that i use in the method that i teach in the course

yeah and we'll roll through that in the webinar but um yeah we can have a chat

about that later towards the end um like i said like i'm always i think

i've talked to the course a lot uh you know keen for you guys to develop ways

that make sense for you use whatever you can um uh just as long as you test it

you've got data to back it up it makes sense there you go you have your edge in

the market right so i'm all for that but yeah just for the purpose of this video

let's try and um keep things simple can you guys try and just delete your

squiggly lines that you've got on the uh chart if possible

i don't know who uh don't know who these red lines are

um but anyway so do you guys know how to delete them

just if everyone just presses clear then you'll know who it is

cool so basically it's just going to start with a little interactive exercise

with this bit of price action here uh i've done a bearish model for once i

always do a bullish one but very simply can you guys draw on where these swing

breaks of structure are where you think they are

so not the swing range but the swing breaks the structure

okay interesting so the majority have you right i guess i

mean i tried to make it obvious that these

big swings in price for me are the swing swing points

and these little moves are more of the internal structure okay so if you guys

delete your lines for a second what i'll draw on is

which is where the two swing points for me are here

and then we have this bottom one here okay so it would have been a little bit

easier probably if i put on the highlighter tool just to show us

where the actual true swing points in the market are the way i was doing it

but essentially we have that high and then down to this case so this is our

uh breaks the structure right we have a swing pull back we then break that low

that's one low there now when we pull back here this is just essentially you

know a small high a minor high fractal high whatever you want to call it um

that's just a very very small pullback it's not a swing pullback okay so this

is the breaker structure down here that is not a swing breaker structure to the

upside okay because when price pulls back at this point we are training

within this swing high here and this swing low here so and then once price

comes down and breaks it and that is our next swing breaker structure

okay so then obviously when we get that breaking structure here we look back to

see where is the highest point that broke

the low that broke this low after the low formed right yeah exactly where aj

put it so another simple tool you can use is if you draw a box from where the

low was to where it was broken and then just draw it upwards like that you

basically want to find the highest point within that box and that will give you

uh where your swing higher than becomes okay so this is then the highest point i

want to break the swing low so it seems very easy when it's in a simple case

like this but there are times where structure can get complex

especially when we bring you know wicks into it and whatnot um so this is just

why it's drawing a box like this can be very very useful

okay cool so we know where our swing highs are and our swing lows are we know

where our swing two brick swings and breaks the structure are can you guys

now draw on uh a horizontal line where you see the changes of character

on this price actual model so just draw the horizontal line where

you see the changes of character

yeah you've all pretty good come on pretty much got that right so i know

some of you like to mark out the the break of the high that then

breaks the low yeah you guys can just delete your lines that'll be good um

which is cool if you do that i just try to like keep it simple and i only mark

where the actual change of character is so for me if i get the line

uh if you guys can try and delete your lines if possible just to clear things

up a little bit uh i made this a dashed line

so this is a change of character and this

is a change of character here okay because

we have our swing points right so this is our swing high and this is our swing

low so everything between the swing high and the swing low um i basically just

tried to simplify and i just refer to all of that as internal structure so any

highs or lows but that isn't a swing high or isn't a swing low

i just keep it simple again and i just refer to it as internal structure some

of you might be used to calling that minor structure substructure et cetera

that's all fine it's relevant but for the purpose of this i'm just i guess

keeping it really simple let's just refer to everything that's not a swing

high or low is uh internal structure so when we have

these two swing points and price moves the downside and then we get a movement

up and price takes out this small high here that for me is a bullish change of

character because essentially it's the first time

after this price egg where we have a higher high form so we have a a minor

lower low a minor lower high and then it continues up so it continues

down and then when we get a break of that most recent internal high

that now becomes uh our bullish change of character okay

so then what continues to happen is this internal price action so remember

everything between this swing high and this swing low is internal price section

we then make an internal higher high by getting our bullets change of character

here and then we continue to make a series of internal highs

and higher lows right higher high high low higher high and then what happens

then we come down and then we take out that internal high

low to make an internal lower low okay so that's why these two lines are these

orange lines this line here was the bullish change of

character i don't bother drawing on anything else because it stays bullish

the internal price action stays bullish right within our bearish swing range so

the bearish since the swing trend is bearish the entire time but once we get

that buddhist change of character here the internal price action switch is

bullish to facilitate that pullback that swing pull back okay then i don't bother

really marking on anything else until what until we get a bearish change of

character which is when that internal high low gets taken out to form a lower

low okay so at this point when we get our bare exchange of character

the internal structure has now aligned with the overall swing

structure okay because the internal structure has to switch bullish for the

for the for the price to pull back and then once we get a bearish change of

character now the internal structure has now aligned with the overall swing

structure okay so in theory that gives us a good signal that this pullback is

now over and we are now ready to come down and target this weak low okay the

weak swing low why is this a weak swing low it's a weak low because

we start to anticipate at that point that it has failed to do its job because

it's failed to take out the high okay so once we get that browse changing

character it gives us a signal not a guarantee uh that the pullback is now

finished and we're now ready to go on and target that weak swing low okay so

um one thing i want to try and make very

very clear is that change of character it's just one tiny tiny tiny tiny piece

of confluence that we use amongst you know everything

else you know within the concept supply and

demand premium discount uh liquidity concepts et cetera but it's one of the

first things we look at just because we're trying to nail structure right

we're trying to nail where our swing points um and then you know how to

basically anticipate uh when those swing pullbacks may be

finished and when the next swing run may be starting by looking at when the

internal structure realigns itself uh with the overall um

swing structure okay so obviously in these perfect utopian examples that we

look at when we look at the theory um you know it seems quite simple because

okay price moves to the downside we get a break of structure what do we expect

up to break a structure we expect a pullback how can we anticipate that

pullback we wait for a bullish change of character okay when the small internal

height gets taken once we get that british change of character okay now we

have good confirmation that the pullback is in fact happening okay because um

trying to let people in and get rid of that waiting room for next time but yeah

uh let's get rid of these lines

[Music] so yeah so when we get that british

change of character it's a good signal that the pullback may be happening

because obviously what could happen is price you could just come up and it

could keep trickling like this for ages right until we get that pullback so this

basically gives us a good thing that is happening and then once we then get

another bearish change of character it gives us a good signal pull backs over

and we could be going but in reality as you guys are probably start to see now

the live market if you start marking on changes of character especially the last

few weeks where price has just been stuck in a massive four hour bearish

range um these happen all the time so you can get a nice pullback like this

then we could get a bearish change of character but then price could come back

up and then we could get another bullish change of character right and then price

could come back down and then we get another bearish change of character

right and it can keep happening and that's obviously when it gets a

little bit confusing um and a second these people in the room

uh so yeah so obviously that's when we start to pair

it with uh loads of other confluence such as

um you know supply and demand like i was saying uh in a second

this waiting room is doing my nutting just sorted it out before uh we got

there but yeah uh we'll we'll hop on the charts now and we'll kind of go through

some examples uh and you can see um you know really how we do this but the one

thing i want to drive home because i know a lot of you probably understand

how to make this on your charts but then when you're applying it to the live the

live charts you're going well hang on we've now had our bearish change of

character internal structures you know aligned why why aren't we going for the

low why we're still chopping around and you know it's just one very

loose bit of confluence that only really becomes powerful when we pair it with it

with everything else um let me just put up this

oops okay cool so

is there any questions about that but kind of before we move on to

um look at we're looking at the low price action i think jack over once

asked a question but is mike's not wearing

uh okay yeah go on jacob if you can type it in

that'd be the easiest thing just you know don't ask permission to type the

question just put it in there and when i see it i can

get to it i'm just going to see if i can open up the room um

[Music] right okay cool i think everyone's in

that wants to be in

uh yeah draw it draw it on the charts if anyone has already drawn your lines in

the charts can you try and delete it if possible whoever those brown lines are

just to try and keep the chart a little bit clearer

my bad

just meet yourself if you if you haven't got a question please

um okay so kirby are you drawing this

why that red line is not a valid truck okay so this is a good question uh

something that has come up quite quite a bit so essentially um

because you've drawn price action like this

right this movement here when we draw now that it's a straight movement down

okay so in your drawing there's no there's no high there right it's just

one straight clean push so even though this could be your swing

high and this is your swing low there's no you know there was a little line down

here like this then when price moves back up right we would have that british

change of character but because this is a straight push down uh and there's no

high there what that means is then both your swing high and your swing low are

also your internal high and your internal low

okay um

so with the small pulls and you had

uh got it yeah so basically because it's a straight push when this price pulls

back technically it hasn't actually you know

this this is what some people call substructure i don't want to get you

know get too bogged down on this but essentially it's because it hasn't

broken anything on the way up so both the swing structure and the internal

structure are both bearish at this point now that said okay that doesn't mean

that you can't understand and read what's going on here because let's say

right the price has come into a nice supply zone up here right

now you might still for whatever reason might not want to just get short here

and you might want to wait for structure to shift in your favor and show a bit

more bearish price action and that's fine you could wait for a move like this

and wait for that wait for that load to go there it's just for the kind of the

purposes of the question you're asking me

technically it isn't a change of character because for there to be a

change of character price would have to break this orange line at this point

because that is the active internal height and the inactive internal low

which you know kind of based on the diagram is in the same

place so basically in your case the bullish change of character

is the start of an internal uptrend which then the bearish change of

character changes to downtrend yeah essentially um

but hopefully you can understand why i'm just saying you know technically this

isn't the change of character because it's just it's just uh

yeah exactly so without that first change character you had that we are

contained with the internal element yeah so to kind of draw an example beside you

appreciate this kind of getting a little bit messy now by maybe

uh move this out the way it'll be really good whoever drew these lines good to

hate them i'm not sure how to figure out how to do that yet but essentially if i

think i did drew this in the uh in the questions channel in the discord if you

didn't get to see it uh but if you have a similar price action to yours but then

there's a little load like this right if pricing comes up and then gives us then

we have that bullish change of character okay seven price comes up here and it

comes down all right i'm gonna do this over here because this is

uh is there a way does anyone know i can delete these drawings um

thank you sorry it's the first time i've done this

resume so i'm just feel like an eight-year-old grandma

trying to figure it all out but there we go okay cool so

um [Music]

right cool so let me just do this once before then

we'll hop in the price session so essentially the

thing you were looking at right was a movement like this and then we come back

up and then you're basically saying

why this break here isn't a change of character and for the

purposes of the way we're looking at things that isn't simply because price

is trading within this low and this high because this was a straight push when

price pulls back it hasn't broken anything structure that hasn't broken

any structure there is no structure in this leg for price to break okay so this

could be your swing high and this could be a swing low but it would also be your

internal high and your internal low okay now when price comes up here up here and

then it breaks this low it's still significant right you can still view it

as as useful information like i was trying to say earlier because price

could have come up into the supply zone for whatever reason maybe you weren't

sure you want to wait for a little bit more confirmation you can still wait for

the slow to go it's just technically not the change of character in the way

that we're looking at okay so i'm trying to think of what a better name would be

this maybe you want to call it a sub structured chalk and a turnover of

internal chalk you see it with all these definitions it just gets a bit

you know icky um but yeah hopefully that makes sense whereas if you had

uh you know something like this but pretty

much the exact same thing but on the way down there was a you know it's just a

tiny piece of stretch like that now when price comes back up

uh and comes into here and then we get the breakage breaker structure

right because we had that bullish change of character here

that now means our active internal high and low is here right then we get

another break so then our active internal high and low is here obviously

we get another break so active internal high and low is here and

then price moves down and this line here is then our change of character but it's

all because it broke something on the way up so the internal structure at this

point here switch bullish right because there was a lower high for it to take

out to then form that internal higher height but at this point when price

pulls back up the internal structure still bearish because it doesn't break

any highs right this is the active internal lower high

this is the interactive internal active low low well all these words are just

getting ridiculous now but yeah hopefully you guys can see

why that isn't you know truly a change of character but you can still use this

as information okay it's just not you know the true

internal chalk whatever you want to call it right it just gets a bit silly now

but um would you use substructure breaks as hints or changes in such situation

when shock would be on the same level as boss yeah exactly so it's

technically not a chocolate like i was saying but you can still use this as

information right it's still useful because um it's still it's still a form

of a break of structure um it's just not once i'm trying to teach you guys where

the changing character is it's technically not where the changing

character is okay and the reason why that is is because uh

let's say right price i think an example prices um

all right moving to the upside okay and then

um we get we come into let's say this is

the most amazing surprise than ever but you want to wait for a change of

character right price pulls back and it comes up like this and then we get a

break of this low okay all right so then imagine this is this

is like the strongest suppliers in the world we love it when we want to get

short uh we see price has popped down and like come into the supply zone here

now if we have this here right

and then i'll draw another example

okay

bear with me out of these two examples

uh yeah cool so they both right they're both basically identical they both come

into the same decent supply zone hopefully you can see you guys can see

that which one of these left or right do you think is going to have the highest

probability of paying out if you are too short from

uh these

supply zones here right is it would it be the first one or would

it be the second one would you prefer to short from

[Music]

you guys either want to shout out or just draw one would be the easiest

right yeah

so pretty much all of you gone for the right and the reason why that is is

because if i get my little handy annotations thing out

uh

cool is because hopefully you guys can see us now is because we've had a change

of character first right because we actually broke some structure whereas

this movement up here right we've just had a pullback so whilst this movement

here is technically this orange line is technically a form of a break of

structure right it's a low that was broken

this is it's what essentially i used to call

substructure right i've got rid of that from the course and tried to simplify

things but the reason why is because this

is just a pullback right it hasn't actually broken any structure because

this is one straight push up so the active internal high and the active

tunnel low will be somewhere down here okay so this is just a pullback now this

is still useful information it's still a low being taken out and you can short

from here and this can play out but we have to be aware of is this is just a

pullback and if you're getting short from here it's very likely that price is

just going to come up and smash through you because this is a form

basically what's happened is prices broke a low that is very it's a very

weak low it did not achieve anything right it pushed price up and price

continued down it never took out this high okay so that's why

this would not be you know a change of character there's no change of character

here whereas over here what we've had is that we've had a movement up we've had a

pullback we've had a movement up and the price has come down and taken out that

low all right so we've had a bearish change of character because it's taking

out a low right that caused an internal high right so now which structure has

actually shifted because we had bullish internal structure and now we have

bearish internal structure right so now when price comes back up you're actually

trading you know essentially in line with that bearish internal structure now

um and this is a lot more significant so this is why this this becomes you want

to see that true change of character whereas you know technically um you know

this this is not good basically so that's why a lot of times i'm seeing um

people you know essentially have that exact example where uh prices come up

into a supply zone um it's pulled back a little bit and then they see a break of

that low here and then they want to get short right on this high here but there

has been no change of character and then they get smashed like that and then

price goes up higher right that's essentially where we get

that liquidity sweep right because we sweep these highs here we get deeper

mitigation then price comes down and takes out the low that had caused the

high okay so now right this is a significant low because actually caused

the high this here then is our change of character right this line here

that's our change of character so now when we come back in that is higher

probability and that's often why you see that price actually when price comes in

first comes into his own because you know yeah that that first high basically

that first mitigation it's generally just having a pullback like this people

are getting short on the on these lower highs here and then they're wondering

why they get smashed all right all of that liquidity gets swept we then have

another this then becomes our active internal low right our most recent low

that took out the high and then that's the low we want to see for our change of

character coming right and then boom we can get short here and then trade that

short okay so you have to be really careful with that

um that's where you hear the team

um if it doesn't sweep liquid you see you are the liquidity yeah yeah

essentially if you if you can't find the liquidity you are the criticism you know

something along those lines um

uh yeah that's not to say that something like this can't play out right if you

were to come into here you just have to manage your expectations that you're

really just playing the pullback right and at any point that that can go up

okay um so if you are going to trade essentially these these substructure

breaks you need to be pairing it with a hell of a lot of confidence i would just

say don't even bother keep it mechanical uh and wait for that wait for that

stretch to break so um

is it let's get some questions is it as simple as without breaking internal high

and internal low yes essentially so remember

you want for a change of character right otherwise it's not working for me

you need to be marking it on a low that caused

the high in a bullish market right um i think i think if we go through go

through price section on the charts it'll become become a lot simpler and

yeah peter would the with the right one be considered it would be if price flips

i think what you're referring to is where i essentially have this drawn

right and then we then we get a break of the high so then this becomes our low i

don't know why prices will squeaky i think it's because i'm too zoomed in on

the chart but essentially what you want to see then is price come into this

level here where there's demand i don't want to get too caught up in spider-man

i want to focus on structure but yeah you would see a reaction from that

demand but it would fail to make a higher high supply would then come in

right so now you have our change of character we then have our flip right

because demand reacted and it failed to form a high that becomes our flip zone

and that's essentially what we look for that's the entry but all right we come

into a nice supply zone up here we sweep the liquidity all right we come into

demand we try to make a high the man fails to do its job supply takes control

supply pushes down and structure has shifted in our favor

because now that that internal structure all the swing structure has switched

bearish some boom changing character tells us when we can enter because we've

waited for it to shift our favor the flip shows us where we can enter the

right so we enter on the flip rather than it's necessarily going to come up

the extreme okay but anyway i don't get too caught up in that for now let's just

focus on um you know doing this on the charts i

think it'll become a bit more clearer uh hopefully so

uh say what we've

a lot of you guys are probably quite familiar with before our structures

let's jump down to the 15 um

let's go back a little bit to where maybe over here or something so

what we're going to do i think is i think for now

especially for this sim card maybe we'll do in the next one we'll go on to more

multi-timeframe but let's keep it very simple

uh let's focus on just one time frame okay and first of all i think

just thinking about that yeah let's let's just literally do it bar replay

and i'm going to map on both spring structure and internal structure i'm

just going to talk through like the exact process

um we need to go through so let's go

let's start from the top as we're trending to the upside okay so

um what i'm going to do is i'm going to use uh

essentially a 15 pip raw case so we're on you're a dollar on the 15 minute time

frame um we're just going to say if it's a 15

pip pullback that will count as a swing structure okay so what i would literally

do in the live market if i was looking at this right and had a completely bank

chart the first thing i want to know is where

is my swing high and where is my swing low okay so

uh what i would do is go is this significant enough of a pullback right

for it to be swing structure well let's measure it if i'm using a 15 pit rule

measure from the high to the low okay um not quite 15 pips so let's say that that

isn't swing stretch okay just mark this one was this 15 pips not quite this one

should definitely be 15 pips okay so that's our swing structure right

okay so what i would do then is go this is my most recent um

swing low okay

uh just going to put some text there

cool and then i just want to make sure we've

definitely got someone in the right place

so that was yeah 15 pips then we went on to break

the high actually so this is why i have to paint the story right because i've

actually got in the wrong place because this was a swing breaker structure and

if we look back from that high where is the lowest point that broke the high

it's not here right so this is where you can use that box tool yeah exactly so if

you draw it from the high to where the high was broken and then draw it

straight down

[Music]

it's either either matt if you could meet him

cool cheers sweet so yeah so within this box this would be the lowest point okay

so that's actually the swing low once the high goes okay so that at that

moment is our active internal low all right

let's do draw on highlighter tool so we can make it nice

and obvious

all right okay so now we have a breaking structure

at that point let's bring it back to there so we can talk through it right so

as soon as we get a breaking structure we look back and go okay that was our

lowest point okay so this becomes our active internal swing low now we've had

a breaking close above so what do we expect off to break a structure we

expect to pull back on that time frame so what are we going to wait for to

potentially give us a signal that that pullback is starting we can wait for a

bearish change of character so at this exact point

the low that i need to see go for that to be appreciated character is the most

recent low yeah exactly that low there okay so let's put i'll tell you what

we'll put a little line on there and this can become our uh what i'm going to

do is instead of marking up the internal high and low with a line like this i'm

just going to put the like a change of character line there okay

because this is the way that i don't live market i would know where my swing

low is on the swing highers but i would use a dotted line for basically knowing

which lower high i need to see be broken with a wick to tell me that internal

structure is shifting okay so at this moment the swing structure is bullish

okay we just we've just made a higher high we've closed about the swing high

the internal structure is also bullish okay we've had a straight push up uh all

of these counters went on to break the prior counters high so this is all part

of that move okay so at this point i would need to see this low get wicked

for there to be a bearish change of character and i would need to see price

close below the swing low yeah sure jacob are gone

[Music]

you can type it quickly

so i'm just going to take forward a little bit whilst you once you asked

that question okay go on so we put this swing high to the swing low

there is no

in the previous price action yeah there is

so

yeah if you just wait right wait wait for me to play price forward and we'll

just go from this point always and you'll get it right don't worry about

the previous price action as long as we know where our swing high and swing that

was and we know where our active internal low is which is here we can we

can play it forward from here okay so uh cool

okay so price is pulling back nothing to do okay now price is taken high right so

what we do is we'll measure this pull back here and go was this 15 pips

uh no it wasn't quite 15 pips okay so that

is not a swing pull back for me which means the swing low stays where it is

however we have pulled back right this candle here

this candle here right it failed to break the prior candles high so as soon

as we get that pull back i now know that this um is my essentially my internal

high right we've pulled back and then we've taken the high so now what i'm

going to do is i'm going to move my change of character line up to this low

here okay because that becomes my most recent active internal low right

so let's play it forward again oops

i don't know what happened but yeah okay cool so price continues up now all of

these candles break the prior counters high then this candle here fails to

break the prior counters high so now we are having that internal pullback again

so price falls back let's measure it it's not 15 pips yet no

so i still don't have a swing pull back yet okay i would need to see this logo

this low would need to be wicked for that to be a change of character

still not 15 pips okay so it's not quite spring structure for me

prices stay bullish the swing structure stay bullish but we have not had yet had

a bearish change of character uh we've taken this higher now he's

taking this higher okay so now he's taking this high this wasn't 15 pips so

it's not swing structure okay it's just internal structure we've now made an

internal higher high so our most recent internal uh low is this low here okay

because all of these candles from this point onwards they all break the prior

candles high so that's all part of the up move okay all of those counters break

the prior counters high this candle fails to break the pride counter's high

so this is why this is the most recent low k and this becomes that there right

all of these break the pride counters are right i think that one does the

higher that candle if you look at the top left

68 0 68 1. so this yeah this candle trades

one micro pip higher than this one okay so that's all part of that move right

okay price pulled back so this candle first takes counters high which means

we're getting an internal pullback okay then it wicks that high definitely

wasn't 15 pips so it's not swing structure so now again we move the

change of character line up here so imagine right i know we're only looking

at structure but this whole time if for whatever reason you were looking to to

trade this short but in your plan it says i'm waiting for

that m15 bearish change of character this is which way you're just sitting on

your hands you might have all of these uh supply zones right that you've looked

at found on the left that might look really great they might look like flips

they may have broken structure they may be sweep zones all of that fancy stuff

right but until we get that bearish change of character if this isn't your

plan right if you're waiting for an m15 change of character this whole time

you're just sitting you can see the price is probably reacting to supply

zones right and it's pulled back but we're going to wait for that

15-minute change of character and that's why there's all supply zones they become

reaction points right in a bullish trend for price to pull back but continue to

upside right to provide liquidity behind these highs for price to target and fuel

the moves upside i'm getting a little bit ahead of myself here but i'm just

trying to kind of make some of you understand if you're not sure why as to

why we're so pedantic about understanding this and why it becomes

useful later on right so at this point we're still waiting for the 7 15

bearish change of character none of these pullbacks here were 15 pips or

more so none of this is swing structure these are all minor

internal pullbacks okay our swing low still remains down here at this point uh

the swing shots are still bullish in terms of stretching still bullish okay

so that that's an inside bar because it has a white body right with the

indicator that i use which means we have now has an internal pullback and we

continue to the upside right so that means now my active internal low has to

move up it moves to the most recent low that caused the break of that internal

high okay so this would be my change of character

okay now we've pulled back we pulled back and now we've wicked it

okay so that for me is a bearish change character all i need to see for a truck

is a wick break right so now this gives us our first tiny tiny tiny potential

signal that we may be getting a swing pull back okay

so it's a signal that the pullback may be starting

but it does not confirm that the pullback has yet happened and it does

not tell us that this is a swing high okay

in a bullish market for me to know where my swing high is on

euro dollar on the 15 minute chart i personally need to see a 15 pip pullback

or more okay so until price from this point onwards

right if price continues to pull back right 15 pips to here once that happens

i will then get my fantasy highlighted tool right and i will mark that out as

my swing high but only once prices pull back 15 pips okay all this here has told

me is that this is the first time right since the slow this is the first time

with all of this price action that the internal structure has now switched

bearish because it's the first time that after a series of internal higher highs

and higher lows the internal price action has made that lower low okay so

this on its own that we just looked at it's a very very

weak signal it's just one little thing that we're looking at and we would want

to pair this with a hell of a lot more confluence before we would actually

think about getting short and trying to anticipate that support that's going to

happen okay um you know you want to find a really good supply zone that's coming

in um you know we want to see liquidity it's all these things so we'll get into

that further down the line but right now um

basically we have a bearish change of character the internal structure is now

bearish potentially there might be a pullback so let's see what happens next

okay so now you can see right we've gone up

and we've worked the high so whilst we switched bearish we've now

switched bullish again the internal structure has announced it's bullish

again because this high has been broken okay so we had

a bearish change character now we've had a bullish one straight away and this is

why it's such a weak uh signal and we have to pair it with a lot

more things okay now obviously this is the 15 minute chart as well and the time

that this is at is coming into the daily close very often you'll see quite choppy

small price movements and this is where you get a lot of change of characters

anyway but let's not worry about it too much there's just continuing to match

structure just so we can understand how to do it okay so now what's happened

right with this one candle this is where it can get a little bit tricky where

price action is quite small is

we had that various change of character at that point right our most recent

internal high was this high here because all of these candles broke the prior

counters low so that's all part of the down move okay so that's why that was a

very strange character that then became our active internal high at that point

right then price came up and it went up and it took that high and it continued

up right and then with this one for uh candle it came down and it took out this

low can everyone see

wait has it taken out yet not yet let's see one more candle what happens

okay so what was the load of this candle uh one eight seven two three what's the

level of that one 1873 okay so they've actually traded

exactly the same price level so what that means is there actually hasn't been

a change of character yet it hasn't taken out the low i need to see that low

breached by at least one micro pip or per pet whatever you want to call it

okay so hopefully everyone can you know shout over if you don't quite understand

what's happened here but essentially that was our low all right price to cut

the low we look back where was our high our internal high was there okay pricing

comes up and it wicks that high so then we get a bullish change of character if

we look back this was the last candle here right to fail to break the prior

candles high this becomes our active internal low here so we draw a line

across now this candle here trades as low as it but it does not breach it okay

so we don't get a better change of character the internal structure is

still bullish at this point okay hopefully that makes sense

hopefully everyone's with me now let's see what happens

just change trading sideways in between that candle

okay and now we continue that move right so we've taken this high and we've

stayed bullish the only reason why i'm not going to draw on a line there is

because i'm only drawing on for the changes of character so i'm only drawing

it on when buddhist structure bullish internal structures which is the bearish

structure or when bearish structure switches the bullet structure because at

this point here where this last dash line was we switched bullish we haven't

switched bearish since then so i'm not going to draw on another british break

okay but what i will do is i'll put the line on where the most recent

uh active internal low is exactly just so i can see where that bearish change

of character is going to happen okay um so when we look back where's the most

recent internal low it's this inside bar here okay because that was the last

candle to fail to break the prior candles high

right so that becomes our active internal loadout

just double check that the low is uh one eight seven three four and so is

that one system so trade at the same level so that is our most recent low

that went to break the high okay so when it gets very choppy like this it can be

a little bit confusing but um yeah hopefully it makes sense all of these

candles have continued to break the pride candles high this is all part of

the up move this is an inside bar it's a white candle it starts a bit the candle

is high so we're now putting back let's see what happens okay now we continue

that up move see that next counter it breaks the high

so because that high broke that means this becomes a low because

this low calls the high right price went on to

continue to break that high okay so this becomes our most active in terms of low

but remember this entire time we have not yet had a 15-pip pullback so this is

still our swing low and this is all part of one swing movement to the upside we

did have a bit of a bearish change of character here right where price dropped

around a bit then it switched buddhist straight away and it continued the art

move so you can see we've got a full signal there for the swing pullback

so this price section and no higher high swing yeah so essentially this is

forming the higher high but we don't know where

i'm not going to essentially mark out where my swing high is because you know

at this point here if i hadn't marked out this as my swing high right this

circle here i could have gone yeah that's my swing

high well excuse me if i mark that as my swing

high well then that means that now we've had a break of structure right so if

we've had a swing breaker structure then this would become my swing low which

then means if price had to come down and broken that low if that had to happen

that would have meant that we're bearish but we're not we're not bearish yet

because this was not a swing pullback because it wasn't a big enough pullback

for me to consider swing structure and that's why i have that 15-pip rule and

that's why it's so important that you don't mark out where your high is until

price moves as far back as whatever it says in your plan okay

and that's why i have to keep it as mechanical as that because hopefully

that again makes sense if you had to kill that your swing high right and then

price moved up well then that would have to be a spring break of structure so

then if price comes down and then takes like a swing low you would think you're

bearish when actually you're not and you could probably take a lot of losses if

you're doing that and that's why i want to see

that that significant size of a pullback for it to be okay so hopefully that

makes sense all of this is a high high but we don't know where that is yet

until we get that significant pullback okay

um right so continue the up move let's see

what happens next okay now we have a bearish change of character so

potentially now that is a signal that we're pulling back uh let's see what

happens

okay but we haven't we've continued to the upside so hopefully you can see

right how aggressive um

change the character is when you don't pair it with all of the right

confidences this is why i don't mark on uh every single change of character

um

because you'll be doing this all day and price will be chopping and changing

everywhere so this is why you need to pair it with multi-timeframe analysis

when you're waiting for price to come into your supply zone um you know when

you're using session timing because obviously this is a 15-minute time frame

it's going to get quite choppy around the asian session on the daily market

close um whereas i'm going to be paying attention to it during the london

session and the new york session okay uh so

as we're going through this don't be sitting here thinking

yeah you know why do we bother with changing character when it's giving us

all these full signals uh the point of this exercise here is is not to for us

to try and get really accurate with with timing

uh calling those those swing movements it's just this is literally just the

exercise so you guys understand how to correctly map change your character and

how to map your internal highs and lows and how to map your swing structure okay

i just want to make that clear because if you're thinking you know this this

doesn't work very well it's because you have to time it with everything else but

but to know when to use it first you need to understand

how to use it okay hopefully that makes sense all

right so

we have that pair of

we had that bearish change of character okay

it was short-lived we continued to go on and take that high

yeah caban you are you keep spinning my thunder here mate and take

this eventually is our most recent internal notice point okay because it's

the last candle that failed to break the prior counters high so this is we have

to really pay attention to inside bars and i recommend you have the inside bar

indicator on um if you don't already okay because what happens is price pulls

back here right it goes up with this candle here

and then this inside bar fails to break the kennels high so that means that we

have an internal pullback right and then price goes up

so when we get a break of this high and we look back to see where is our current

active low it's this low here because this was the last candle to fail

to break that count as high okay

uh why you take inside barlow because it's the last candle that failed to

break the candle's height okay so with chalk i always take the nearest low

that caused the high whereas the swing structure i would take the lowest note

okay but with internal structure i want it i want to be really aggressive

because i'm using it as an aggressive tool to give me that first signal that

structure is shifting in my favor right so that's why i personally use the

nearest low to the high the reason why the inside bar is the nearest low at

this point is because look at what happened right price moved up

then essentially because this candle failed to break this prior candles high

it's not part of the up move price then pulls back essentially in a lower

timeframe you'd see price pull back and then price goes up so when we get a

break of this high here this is my most recent internal low okay

so that's why inside bars are very very useful um at least the way i use it okay

so at this point internal structure's bullish i would need to see this logo

for the internal structure to switch bearish

let's see that looks like it doesn't load lower so that's eight eight zero

four and that is eight zero four yes it trades the same price so that's not a

break okay boom now we have it so now that is our bearish change of character

okay now at this point

uh where well the level that i would need to see uh be broken to the upside

so there to be a bullish change of character it's the top one here okay

it's not this one it's this high here and the reason why

that is is because when you look back all of these counters broke the prior

counters low see we have the down move the next candle breaks the pride

counters low the next candle breaks the prior counters low and the next candle

breaks the prior account is low so that is all part of the dow move okay

matt yeah just just do you know him

my question is that is this your 15 minute

chuck or is this your 15 minute chuck i'm sorry

uh i think i deleted your drawings if you

so you draw it again so is this your 15 minute

chalk or is this is this your 15-minute chart

where the dashed lines are all of these dash lines that i've left on they are

all the yeah

okay yeah yeah um so essentially i only draw on those

dashed lines or change the character when the internal structure shifts trend

so basically all those another another way of describing what change of

character is is it's an internal structure trend change

okay so

i'm not gonna i'm not gonna draw on every single internal internal breaker

structure right so imagine the internal structure just stays bullish this whole

time i'm not gonna draw these lines on i have no interest in drawing that on

because to me just it's not useful information that i wanna mark on okay i

wanna keep my charts nice and clear but now if price was to come down

right and take out that internal load to form an internal lower low and the

internal structure switches from bullish to now bearish okay that's the only line

i'm going to draw on with my dash line because to me that's useful information

it's just it shows me a little shift and structure

um does that make sense

no it's just him i i will have a like that's yeah

i understand the mechanical approach now because i yeah like

i'm using these as my swings for

you know like for change of character but then i'm just trying to get used to

now using this approach that you're talking about that's what i just wanted

to make sure that it was that yeah

yeah so were you using change of character as

your as your like swing structure yeah so for example like um see like

like this here would be um it'd have to break

here for me to be interested in it being bearish and if if this is respected

then it needs to break the high and then that that's how that's how i've been

looking at it i've never used inside bar so

yeah yeah so confused you don't have to use inside bars um

i guess they are a bit more aggressive in the way but

if you follow the way

that the like the clear-cut mechanical rules for mapping internal structure in

this way by definition you have to use the inside bar because essentially what

we are looking at is we are looking at did in a nut move

did the candle break the previous candles high

if it did so in this case here right you see here we have a candle up and then

the next candle breaks that candles high right it breaks the counter's high that

for me is all part of the up move right this candle breaks the prior counter

ties it's all part of that move this inside bar this white candle it fails to

trade higher yeah so by definition we have now had that is now what i call an

internal high the moment the candle fails to break a

prior counter's height in a bullish move that is now the internal

high okay so now price starts to pull back but it's only once that internal

high gets broken that i then look back and i know where the internal low is and

it's the nearest low so at this point obviously when you have one candle right

so this had to be this here had to be the internal low

at that point okay um

yeah i mean that's amazing

have you had a chance to watch the internal structure stuff yet because i

know there's been a big influx of new members i know everyone's at a little

bit of different stages in the course so no no i don't know what that i mean that

was my next thing i just didn't really understand how you used inside bar but

that just clears everything up really good yeah thank you there we go yeah no

worries so um

when this gets quite confusing that's kind of the easiest way to ask yourself

is literally count on my counter right so now we've had the down move all of

these counters break the prior counters low all right next counter what does it

do it breaks the prior account as low so it's part of down moves this one here

right it's a white candle straight away tells me it did not trade lower than the

slow right so now we are having that internal pullback that's literally how i

read it so now if you wanted to mark the satellite maybe this will be a little

bit easier maybe i will put the lines on uh and i'll call this

the internal this might help just for you guys to

picture a little bit more uh

all right i'll make that bigger

okay cool so that's our active internal low all right and at this point see how

all of those counters put the price count as low so this means this up here

is my active internal high right this might help to keep this

on here cool so

right we've had our bearish change of character that's the dash line we know

where our internal highs and tonal low is so now the internal structure is

bearish potentially we now maybe remember having this m15 pullback right

but for me that is not confirmed that we have a swing high

until we have a 15 bit pullback which you don't have yet okay so what happens

with the next candle we break that candle's low

all right so this is where it gets a little bit tricky again um so because

we've taken the low in that one candle right as as that load breaks

the inside bar then would become our active internal high

right so in the moment that this low goes this would be our active internal

height but then straight away price trades back up and breaks it

okay so you can see this is where it gets very very messy and very very

choppy uh and it can be a little bit confusing um and essentially that's

what's happened there so this is where it was gonna move this other way uh

so you see how the logos right that lower gets broken and as it

gets broken that inside bar would then become our active internal high but then

in the very same candle price trades back up above it so we have now

technically had a bullish change of character here

okay then price continues to trade up it

continues to trade up

right and now we have a bearish change of character

all right can you guys see that and this this is where

you know this is why like if price is just doing this it doesn't mean a lot to

me i don't care where that's happened it doesn't put me off you know if i'm

looking for shorts that we've had a bird change a character there because it's

just not in a significant place right i know i keep saying this i was really

gonna drive the point home of um you'll see later where we apply this and

where it matters but for this exercise just really understand it's just knowing

i'm just trying to teach you guys basically how to map it correctly

but we'll come to where it's useful to use it later okay

um so we took that low which that means this

was a high we then took the height price traded up and then it pulled back and

then we came down and took the low okay so at this point my active internal low

is here yeah and my active internal high is

there okay so we switched british for all of three or four candles and now the

internal structure has switched bearish again okay

now we continue down right because the trace past the prior

account is low then we continue to move the movement

down all right and now we move up so for that

to be a bullish change of character i need to see this high go right

and now we get that so now we have a bullish change of character that becomes

our high and that becomes our bullish change character there all

right

just wanna quickly double check we didn't pull back 15 pips no no one there

okay so we've had a bullet change character so now potentially we're

continuing to the upside okay that trades higher do you see how the count

the color of the candle is irrelevant it's just whether or not we break the

price outside and now we have the bearish change character okay so that

becomes our active internal low that's where the

change of character was

and then that continues to trade lower and now we have a pullback

okay and then we go higher so then that

becomes our uh buddhist change of character

all right and this this is well

just yeah choppy price actually is what it is

uh right and now we have a bearish change

of character right because we come down and we've taken the low um yeah you're

right actually so let me just bring that back a bit i went through a bit too

quickly so when we had that bearish move so the

bear changed character

all right when we took the high here right

when we look back this is not the low anymore it's this

inside bar because what you want to do is when you get a when you get a high

get taken out you want to look back and go where was the last candle to fail to

break a candles high so we look back this can obviously break the pride

camera's height this candle here it's an inside bar so this candle failed to

break this candle's high here so that means it was the last low because what

happened is this price came down right it's really hard to do draw this

on one candle and then price moved up with this candle and then because this

candle fails to trade higher it means there was a pullback there

and then that's all part of the up move right it's just quite hard to draw on

this but essentially you have a pullback here a lower time frame isn't it

yeah because an inside bar essentially represents a range on another time frame

because it failed to break this camera's high here okay it's gonna let some

people in that try again um

so oops um [Music]

yeah cool so yeah so at this point when that high gets taken this then becomes

our active internal though okay

so you have to really like be in your ball be on the ball in this when you

when you're you know looking to change the character okay so now we take out

this low this becomes

our bearish change of character

and then that becomes our active internal low all right look back make

sure our high's in the right place all of these candles from this high they all

break the prior candles low all right so that's all part of the down move okay so

from here that candle then trades lower than this

candle trades lower and this candle trades lower so this is all one move

okay so regardless you know that might look like it was not move but the way i

define it is it's where the candle broke the prior count is low and they all

trade lower okay so that's all part of the down move so our high stays in the

right place i'm just going to check some of these questions

give me uh what she's trick is when one kind of

goes up breaks internal high and then the same kind of goes down and

breaks the internal low and then goes back to the middle yes i think that's

kind of a similar situation to this here where essentially we had a

down movement we had an up movement and then this very candle took the low and

then it took the high so basically that's what happens there

right it continues the bearish move we have a pullback it takes the low and

then it takes the high that for me then is the bullish change of character okay

so then you could potentially anticipate that move right

uh forgive me this was already asked before

i came in late so my question is i understand you use two types of mapping

wic and candle breaking but if someone would be trading a different time frame

how do they go about using a all wick two or all

wick one how do they go about using an all wick

two and a wick one does it always need to be one and the other together

uh i'm not entirely sure what you mean

uh

training a different timeframe i think about using

so to make candle clothes essentially

what i do right for all we've been going through here all internal structure i

just use quick breaks okay so everything we've done so far on internal structure

it's always a wick break for changing character and for my internal highlight

all i need to see here it's just a weak break

yeah for swing structure i want to see a candle close above

the line okay so i always draw my highs and lows from the wicks always

but for an internal structure break it just needs to be broken by a wick

for a swing break of structure it needs to be a candle closure it doesn't matter

what time frame you're on or how you're looking at it um that's just the way it

is okay uh we'll talk about um what's in premise

there's another one because i you know there are ways in which you can read

this but i don't want to confuse you guys just yet

um so yeah i'm using type i think it was

two mapping for truck but yeah essentially it's there right i've

already explained it one more thing we just used type one mapping in this whole

example just now it wouldn't switch so much could you just trade with type one

yeah you can use just type one for everything if you wish to do so that's

absolutely fine so type one is where you wait for a kind of body closure and you

can do it on this as well and because that is slightly more conservative that

will mean that you won't have all of these you know price going from bullish

to bearish to bullish on the internal structure um because it's more

conservative and that's why i prefer to use that for swing structure

the reason why i like using which brakes type 2 for internal structure

and i pick the most recent lower high rather than the

you know the lowest level the highest high level for swing structure is

because i want this to be very aggressive um because when i

use this in the live market as a tool uh

um when i when i use this for for

er sorry i can't get my words out in the

market right if i really really like this level and i

don't want to get short from here and i'm waiting for that various change

of characters to come in right the reason why i want it to be aggressive is

because i just want to see that first little bit of confirmation that

potentially structure shifting in my favor that this supply zone is holding

and i just want to see that first little bit of structure go to give me that sign

that i now want to get in okay and that's why i personally want to be

aggressive so if i see price come in right and this is the low here and it

just wicks it that's fine i'm cool it's enough for me to get in because

essentially on a lower time frame that's there's price breaking yet it's not as

significant as the candle closes but it's enough for me now if you had a bit

more confident hello

sorry for interrupting but i had a question

yeah sure uh so uh one thing i am confused about

um is the as you said earlier the uh multi-time frame like four hour and

fifteen minute shock combination like sometimes i see that you are in the four

hour then you have a chalk and then you go

down the 15 minute and sometimes you wait for a swing structure there because

a four hour chalk is a swing structure and 15 minutes essentially

sometimes yeah sometimes you look on the four-hour

chalk and then on a 15-minute again a four-hour chalk

and sometimes when you know we are we having big impulse on the four-hour and

then we want to catch the pullback but we on the four-hour if we only look

at the four we have no bearish change of character do you then drop on the 15

minute and look for a change of character there i mean it's just the

how the four and the 15 minute changes of characters

are combined

or are used with each other that sometimes it's a bit confusing because i

feel sometimes um

sometimes you look both for a four minute four hour chalk and for a bo and

also 15 minute shock sometimes you know you don't i don't know if i'm very clear

what i say but uh you have mechanical thinking regarding

that yeah so when you i think you're getting

okay there's a bit a few bits on picker but

essentially you're kind of jumping a bit ahead of

here but when you when it comes to your trade plan

and what you need to see before you get involved

right that's going to be down to what you want to have in your

plan and how mechanical you want to make that right so let's say

uh the four hour chart is bullish the m15 is bullish right they're both

bullish and they're coming into just this 15-minute supply zone right so

imagine this this orange line is for our structure

um now

it's gonna i don't confuse people too much because going into multi-timeframe

analysis stuff but uh you have to change the color here we go

uh right cool so then um

how do i explain this so yes the price is coming into your supply zone the 4r

and the m15 are both bullish let's say that this is the four-hour change of

character lines you're saying that's a long way away but it says

exactly yeah you can wait for the m15 to change character right that's that's the

first aggressive sign this is basically what we're looking at here or you could

wait for imagine there's like uh i haven't drawn this very well but imagine

there's a 15 minute swing low down here like a major low and that's just a minor

pullback so imagine this is the swing low on the 15 minute essentially there

are two options right or three options so you can either when price comes into

here you can either wait for the four hour

to switch bearish you can wait all the way down here you'd have to wait for our

swing boss yeah and you can miss out on lock guard yes yeah very close or you

can wait for a 15 minute swing breaker structure so you'd wait

for the 15-minute trend to switch bearish right

that 15-minute boss here where the swing trend changes that is

a lot of times when it always a four-hour change of character yeah okay

because that that minor pullback on the four-hour chart would be a swing pull

back in 15 not always but a lot of time okay so that's that's kind of your

middle option for confluence and then your most aggressive

option not going any lower than m15 would be to

wait for an n15 change of character yeah okay so i'll just kind of summarize that

quickly for everyone if price comes into this surprise and that you want to short

from but the four hour and the m15 are both bullish

right ignoring the m1 just not going any lower than m15 the most aggressive thing

you can wait for in terms of structure is you wait for the internal low to get

broken okay so you have an m15 change of character that's obviously the most

aggressive form because as we've seen here right you could get an early you

can get a better change character and it can switch bullish again right so that's

why this is aggressive because you keep getting short and it can go so you have

to understand when and when not to do this and it's going to be down into each

individual trailer someone else might want a bit more confluence so the next

thing you can look for is for the m15s swing low to be broken okay so we get a

swing breaker structure and now when that happens now the m15 trend has

switched to bearish so now you have a lot more confluence when you get a swing

breaker structure compared to just an internal change of character so now

price pulls back up what's happened well now because you've

had a swing breaker structure because a swing low has been taken out this now

becomes a strong m15 swing high yeah because you took out a strong low so now

you're trading short from a strong swing high because in theory if the m15 trend

is going to continue bearish this should hold there's no guarantee especially

when you only get one m15 breaker structure against the hard time frame

trend we saw this a lot the last few weeks when when the swing trend was very

very strong that one breaker structure isn't a lot and price can continue up

okay but that is obviously a lot more confluence than just the change of

character now that m15 spring breaker structure like i was saying it's not

always but a lot of time a four hour shock because that m15 swing pullback is

very likely a small little pullback on the four-hour chart okay

so it don't get too confused and think an

m15 boss has to be a four-hour shock but just roughly know in your mind that's

generally what it looks like yes now if you want even more confluence when price

comes all the way down here and then we get a four hour let's say this is the

swing for our load we get a four hour breaker structure now the four hours

bearish then 15 is bearish and you know it's very likely we're gonna get that

deeper daily pullback but just the last question and thank you matt and sorry

for changing topic a bit that's right but there is not one way that you

advocate towards in the photon mentorship um

it can it be a little bit of discretion as to this example that you took waiting

for a 15-minute shock 15 minutes swing to go or even a four-hour swing is it to

our own back testing because up to up to now i'm you know i you we are taught

that the fun to follow a very mechanical way

but this example right here which i think is very fundamental and maybe the

most important thing for my personality is it's something

that you would advise me to follow um what is your personal opinion about it

so i don't know have you had a chance to watch the beginner training system

lesson in the trade plan module yet yes exactly yeah

you have so i'm pretty sure in there i give you

uh a pretty strict starting point so for me

personally i use a little bit of discretion with this because i like to

see how the overall hard time frame story looks like obviously i look at

quite quite a lot of time frames four out of fifteen of my main ones but i

like to use a bit of discretion you know how how much confluence does the zone

have how well price is it on the m15 how well prices on the four-hour chart what

is the daily doing what's the week you're doing yeah how corrective did we

put into there are we getting good liquidity sweeps century right but

obviously like you say when you guys are starting out and i massively advise this

i want you guys to have a very simple and very mechanical thing that you wait

for so some of you so i think i'm pretty sure i write it in the list of notes

below then it should be in that lesson i put it in a few of those ones

where essentially you want to just have in your plan

a rule like this it doesn't have to be this rule but something like this when

price comes into an m15 zone at a minimum i'm gonna wait for an m15 change

of character okay so you would always wait for this structure here rather than

entering on the first downward entry at minimum you're going to wait for that

okay now what some of you they may want to add to

your rule is if there is a four-hour zone as well

yeah excuse me and price has hit a r you know

the 15 zone the 15-minute zone within that four-hour zone that's obviously

more confidence right than just an m15 zone on its own because

you have both the four-hour and then 15 supply trying to trade against the

four-hour trend um maybe you only maybe you're then happy to uh to trade an m1

change of character and you don't have to wait for the 15 change character

okay um or some of you if it's only an m15

maybe you're not happy with the chalk and you want to see an m15 boss things

like this okay so you can make it a very simple rule um

and yeah just stick to it i personally like i said i have i use a bit

discretion so i'm pretty sure i've put in that lesson and in the notes below um

i've given you a guideline to follow i can't remember exactly what it was but i

think it was if price comes into a four-hour zone wait for an m15 chalk

if price comes into um

an m15 zone uh wait for an uh an m1 shock and if it

comes into an m15 zone refined and then for i can't remember off the top of my

head uh i'll try and find a few not post i'll post it in the discord because i

don't um confuse people now i can't remember exactly what i went for but

hopefully you can kind of see that you know there's not one best way of

doing it because it's going to massively depend on how aggressive you want to be

exactly and how it looks overall but

the way i try and do it in this course okay is

i'm a massive advocate like you guys know of making it mechanical and i try

to show you the different ways in which you can use all of these concepts

together um

and i say this is how you can make it mechanical but ultimately you're going

to have to pick what you want it to be and how and how

aggressive you want to be because if you wait for an m15 boss you're going to

have a much higher strike rate but you're going to not be in as me in as

many trades as someone who only waits for a charge yeah that doesn't mean that

because you have a higher strike rate you're going to be more profitable

because it depends on what your psychology can handle are you going to

if you take a loss in that first 1015 chuck are you going to take the next one

or are you going to you know check it out because you're already taking the

loss so some people can handle that and they

still trade well some people can't and they need more confluence but then they

have to understand they're going to be in less trades but that might work

better for them overall so right um i kind of want to go into

about that too much longer but uh i'm pretty sure i do put it in the list of

notes i'll have a look after this and i don't know i'll put it in the discord um

but yeah essentially come up with a very very simple rule

where it's like that where you literally said in your plan if it's just an m15

zone you're gonna say wait for an m15 truck if it's just a four hour zone

you're gonna wait for the 15 shock but if it's an m15 refined in a four hour

zone you're happy to trade one truck okay and then it could be three simple

lines like that now you may want to add a bit more to it and make your trade

plan a little bit more complex where it may depend on if it's trading pro trend

or counter trends because in this example if you're getting short from the

supply zone you're trading against the four hour and the m15 right so you're

trying to essentially call a four hour pull back

with just an m15 supply zone right which can happen but it would be a lot better

if you know generally four hour pullbacks are going to react to

four-hour zones not just an m15 zone it doesn't have to but generally so maybe

in this case when you're trading against both the m15 and the four-hour trend

you're going to wait for an m15 bus but maybe when it's pro trend so let's say

when price is coming down here right maybe

it's again maybe it's only an m15 zone there's no four hours zone here right

maybe you're happy to just take the m15 chalk and you're

happy to get involved but up here because it's against the four-hour m15

you're not going to take an m15 shock you're always going to wait for an m15

boss okay so can you see how you can

clearly define in your plan those two very different scenarios

one where they're both counter yeah but you need a bit more

confidence you want a swing boss but here because it's pro trend or pro the

four-hour trend but it would be against the m15 train right because m15 would

have had to switch bearish to get down here you're not you're happy to just

wait for an m15 shock rather than the m15 swing boss which should be here yeah

and some of you you don't have to do that right you can wait for an m1 boss

so one other thing i want to make clear just before i kind of move on back to

structure is that uh in in the lessons right there's this

price section example that i draw out but basically very similar to this right

that i use in every single lesson and i show how you wait for price to pull back

into demand we wait for the m15 to change character and then we wait for

the m1 to pull back and change character that is just like the most perfect sort

of high probability example but you don't have to wait for that right if

price comes down into this level here it's the four-hour swing low we have a

beautiful extreme demand zone there's a four-hour demand zone here as well right

price comes in sometimes i will i'll hit that first m1

entry or i'll wait you know i don't want to get two quarters say i'll wait for

another one liquidity sweep and then i'll wait for a clear you know decent

move you don't have to wait for an m15 change of character because you're

training pro trend at that point and per the four-hour trend so this is where it

comes with time and experience of when you're willing to pick and choose how

much confidence you want to see in terms of shocks and bosses but yeah like i

said when you're starting out keep it very very simple

and have that ruling a plan depending on what zone it's hitting whether you want

to wait for an m15 truck or whether you're already ready to hit an one

uh chuck okay um but yeah for some of you guys a lot

of you guys right we've had tons of new members in the last few weeks this is

going to seem even if you have prior experience it's

going to seem a little bit over the place and overwhelming that's kind of

why the purpose of this excuse me the purpose of this you know

webinar is really just to concentrate on the process of knowing

what a valid change your character is and where your internal highs and when

your internal low is because uh you know this this here what we just spoke about

for the last ten minutes is is where we're getting to right this is where

we're gonna get further down the line and that's where you can it becomes a

lot more powerful of understanding um you know when to use it how much you

want to see and why but before we can get to that point the majority of

members in here need to understand how you actually map it first because

until you understand how to map it all of this is

there's no point in looking at right because i'm seeing a lot in the

community where you know people are mapping or marking shock in the wrong

place so we need to make sure we have the foundation right first before we

understand when to use it first we need to

understand how to use it uh that makes sense but i know i appreciate everyone's

a very different um uh you know levels of experience so uh i kind of just want

to use this this to to get this now but yeah to answer your question directly

just leave it there uh that will be the best lesson um that beginner training

system where i kind of try to give you as much as a clear starting point as

possible i do still leave some optionality in there for you but i

explain how to make it very mechanical just like

this like when it comes down to that four hour and

then 15 zone then you can wait for this chocolate it's just been 15 zone um you

know et cetera et cetera so yeah uh hit me up hit me up with um

a message or something later if you can't find it or we can have a further

discussion uh around there but i kind of want to thank you so much for this very

clear explanation thank you you're welcome you're welcome

uh but if any of you guys who if that that was just a bit confusing just let

it let it exit your brain for a little bit and come and come back to this uh a

later point in time just want to quickly catch up on the on the tech so

um [Music]

okay you always see the 15 shot before the first shot yeah you'll always see

yeah you will always see the 15 the m15 will always change character

before you see anything on the four hour chart right because for the four hour

chart to pull back um you know a change of current is going all the way down

here whereas that m15 change of character er you know it's always all

the way near the top right the lower the time frame you go that shock is going to

happen way way before that higher time frame

uh chalk if you have probability and are on your favor you can enter any of these

levels exactly that's why i like to use a bit of discretion so what about

one shock inside an s d zone so inside an m15 pi yeah that's absolutely fine so

i personally will use them on change of character within an m15 poi but again it

depends on how how everything looks together right and

that's why i use a little bit of discretion um depending on

uh you know like today uh quickly hop on so

like this morning i will go back to this in a second but like

right we were looking a couple of demands though as i mark out but these

are not the masters i necessarily want to get long from i'm just marking them

out to use them as useful information to see how price section develops and see

where flips form as we were coming down into london here this morning right

price came in into this level and it would have given you know a few m1

entries but that's not an area in which i want to get along

um because you're training against you know all of this order flow

i don't have a full breakdown of this but essentially the reason why i'm not

going to enter anyone changing characters because of how the whole time

frame story looks like so in this case at a bare minimum i want to see the m1

the m15 change character before i let to get involved it because it's very likely

this is what's going to happen so you can trade this but you need to be super

aggressive with your management um and that's why yeah in these

circumstances it's an m15 poi but i'm not going to let it get along at bare

minimum i would want to see that high go at that point i would need to see that

change the character before i would then consider trying to play that move okay

um but other times right if price had to pull back up into this m15 zone

i'm going to hit an m1 entry in there all day long because again i don't have

a full breakdown right but this this is the zone i want to trade with it's with

the momentum we've had uh you know series of mitigations we've

had rm15 change of character it's in line with m15 and the four-hour bearish

trend this was a sweep zone uh it's technically a flip zone as well right it

reacted to the demand within this wick it came up it pushed down if price pulls

back into here this is pro trend it's done everything i need to see it's a

great poi i'm going to be a lot more inclined to then look for that m1 suite

pull back in shock and i'm going to get short whereas that if that gives an m1

entry here i'm not too interested in it because i

just know that's likely what's going to happen okay so yeah that's why for me i

have different rules but for some of you you may want to just make it straight

you know exactly what you're looking for and that's why

you don't necessarily just want to say in your plan okay it's an m15 zone i'm

always going to wait for an m15 change character you can do that but you may

want to have a separate rule for when it's pro trend

and when it's counter trend and that set you just reminded me i do talk about

this in depth in that lesson so for anyone who's wondering i'm referring to

it's called the beginner training system lesson um

and it's in the trading plan module so this is

after that you've gone through all the technical analysis module it's way

further down the course and this is why i don't want to really get too bogged

down in all this now and we need to really go back to step

one and just understand how you map it first okay but for those of you who are

a bit more further along or or have experience in that lesson i took talk

all about this okay uh whether it's pro train whether it's counter trend what

poi it's in and what change of character you should wait for it's a recommended

starting point just so you have something to work with you have that

plan then you can go away and test it build case studies do your daily markups

with that starting point and then you can go okay actually i want to use a bit

of discretion here or actually that's too aggressive for me i want to wait for

a boss instead of a truck on this time frame or actually that's too

conservative for me i want to be a bit more aggressive and then you can tweak

it uh but yeah anyway the starting points there

okay so i think we've caught up with all the questions um

i'll tell you what what we'll do is we'll kind of and i realize it gets a

little bit boring just kind of mapping on every little internal high but i kind

of just want to get this sort of bit of uh

yeah so um just kind of stick on with this this uh

bit of price action and what i'll do is i'll kind of ignore questions for now um

if it's not about literally the exact stuff i'm going and mapping uh and then

we'll kind of cover any sort of additional questions at the end just

because um yeah for for obvious reasons right cool so

quick recap uh we had our swing bracket stretch to

the upside we are waiting for um

the uh the uh uh

sorry i'm not lost my words now so we've had a swing breaking stretch to the

upside we know we're obviously forming at a higher high but we don't know where

the swing high high is that swing high right i'm

going to mark out right with my fancy highlighter pencil until we pull back 15

pips so um we haven't quite pulled back 15 pips yet

so all of this is still internal structure

after we mapped all of this obviously it got quite choppy and quite messy you

know you have bearish bearish breaks bearish changes of character but it just

changes the character right it's just what happens it is what it is then we

had another bearish stranger character and where we currently are at this is

our internal high because

from that point onwards all of these candles broke the prior counters lower

okay so it's all part of damage commits orange again

all right so then this becomes our internal low and let's go on from here

so now we pull back okay nothing else has happened okay now we have a bullish

change character again because we've went to the internal high okay so at

this point when we take out that high where is our active internal low it's

this here yeah spawn because that is the last candle that failed to break that

counters higher okay so what happens there is price moves up it pulls back

because that kind of fails to pull break that counters high and then it moves up

okay so remember for internal structure i always take the most recent

imagine this was swing structure per second if it was and now imagine that

was a swing breaker structure that would not be my swing low this would be

because for swing structure i always hit the lowest point but for internal i

always hit the nearest okay so this then becomes our internal low right

that would be the low i need to see go to get a bearish change of character

that's our active high and i'm just going to mark on this british shock

right cool

and then we get change the character again okay so that becomes our low

that becomes our truck

all right this is very kind of typical of when

we're trying to start that pullback um so you can see right that's the

height in the place because that was the last candle that fell to break the

counters low so that's all part of the down move that's a part of the down move

all right and now we've got a pullback

a little bit more accurately

okay now we've taken this low where is our most recent internal high

well if you look where was the last candle that fell to break the pride

camera though yeah this was inside bar was the last

candle right if you look did it break the previous kind of zone did it break

this counter here right so if you go back from the start right this this

candle was the last candle right did this candle here break it the previous

candle is low yes right it clearly broke this previous count as low

okay this candle here did it break the previous counters low yes it broke the

previous count as low okay so now we're on the inside by the white candle did

this candle here break the previous counters low no so that means it was a

you know a counter internal trend pullback right because it

means look if you look at price action breaks the prior account is low breaks

the price account is low this one fails to do so that means there's a pullback

right then from that point onwards those next two candles continue to break the

prior counters low right so that becomes our most recent internal high

right so when this low goes here we now move this line down and that becomes our

internal high and this becomes our internal low but i don't mark on a

dashed line here on this break because it's not a change of character because

that was our bearish change of character up here and we've just continued bearish

so i'm not going to bother marking it on right because i'm only interested in

when structure shifts from bearish to bullish or bullish to bearish

all right let's see now have we pulled back 15 pips i think we have

right yeah we've pulled back 18 pips and now what i would do right if i'm in the

live market i now know for for certain the way that

i personally map m15 structure on eurodollar right this will be different

for each pair in each time frame but for me 15 pips works that is now my m15

swing high okay so now what you can do right and this is something i recommend

you all do when you're doing this in the live market is map out

that with a horizontal line right as your swing

high

cool and then you know you're working within this

range okay so again try try not to worry too much

about finding out all this stuff but this is essentially

the process i go through we had a swing breaker structure back here as soon as

price closed above that high okay so as soon as we get a breaking structure

doesn't mean we're gonna have a pullback straight away but i have in the back of

my mind that price is gonna pull back right so we start to look for those

various changes of character but like i've been trying to kind of explain

right change of character is extremely extremely aggressive it's the most

aggressive form of breakage structure so that it will happen a lot but you'll get

a bearish breaking structure but then we switch bullish again we continue to move

we had a bearish breaker structure by changing your character i should say

right and then we continued that move then we had a bearish shock again and

then you see it was very very complex right because when price pulls back when

you get counter trend movements they're often complex and it breaks highs and it

breaks lows that's why counter trend trading is so much harder okay whereas

when we come down to here right these pro trend moves you can see like it's

all choppy it's all choppy it's all choppy you know there'll be kind of

multiple breaks of structure and then boom it's quite clean until we start to

pull back and we start taking highs and lows right and it's much more complex

okay um so yeah so this is this is the swing

low this is the swing high and essentially we're just waiting for price

to pull back we would obviously mark out our demand zones down within here and

essentially what we've been waiting for is price to continue to pull back down

towards the discount and then we'll be waiting for an internal high to go right

and then once that happens again not a guarantee but the first little signal

that internal structures switch bullish again and we can anticipate that

potentially the high lows in place and then we can start to target and

anticipate that this is a weak swing high why is it a weak swing high or

because it hasn't taken out the strong swing though at that point

right we expect that this low will hold because it caused a swing higher high um

yeah and that's really essentially it so we'll we'll play through a little bit

more price action um but yeah this is kind of a really good example of why

change of character is very very aggressive and you'll see how how often

it changes um uh how often

structure will change like this especially when it's putting back

counter trends but the reason why we use it

and i've said this a few times is when it comes into an area like this right

and i'm just waiting for that first sign is i'll start to look for that to come

down now i've had this question quite a few times

as well as when price has that first initial sort of kind of burst changing

character appear and we move down let's say we have a really nice m15 supply

supplies and i want to let to get short from

all right let's just say this was zone we were looking at the extreme right and

we want to get short for price to pull back to the stone

right for us to get short it has to do what the change the internal structure

switches bush again right and we get those uh bullish changes of character to

the upside so you are shorting against that right

um how do i explain it so i think a lot of people are getting

confused is how can you short against the the uh

if there's been a british change of character like how can you short against

bullish internal structure uh and that's the thing it's like i'm not looking at

every single change of character i'm just looking for when price came into

this supply zone for our supply zone i just want to know is it going to hold

because i don't want to start getting short from here if price is just going

to smash up straight through it so that's just why i wait for that first

little uh silent structure shifting in my favor we get that bearish change of

character we started to have a bit of a down move we're creating supply zones

okay yes the internal structure has to switch british to get back to me but i'm

happy to get short here now you don't have to right

you can wait for another bearish change of character so that point as price taps

into our zone what we're waiting for but we're waiting for

this low to go our most recent tunnel low so now price has confirmed our four

hour level that was confirmed our m15 zone and now we've waited for a bearish

change of character again we've again waited for the internal structures to

switch bearish and now we're seeing that solid movement down so now you have

two poise to potentially look at we have this one here yeah

all right and we have this one down here which is really not

so great as things stand okay so i would definitely be looking really for price

to now come up to this level right to look for potential short entries right

so i would look for price to come in i would drop down onto the n1 right i

would then wait for the m1 to change character and then we can look to get

short right again no absolutely no guarantee this is going to hold because

we are trading against the m15 trend right the m15 chart is still bullish

this is a swing low this is the swing high the m15 could easily literally just

mitigate you know something here right this whole cell to buy this demand level

and it could just come up and smash straight through because i have no idea

if this is a strong zone or anything i have no idea what the rest of the hard

time frames are looking at i'm just trying to kind of explain to you how i'm

pairing uh internal structure with how i'd be

looking for trade entries right but at this point you can see we've had two

supply zones we've had our bearish uh change of character the internal

structure is in line with the the swing trend um

yeah so hopefully that makes sense do i have any

questions specifically about this kind of just looking at one time frame and

mapping the internal highs and internal lows

um i can just keep going with a bit more bar replay i'll just see if we get in

some more complex situations uh but yeah we'll continue down

okay so now again you can see this right we get a bullish change of character

so where is our internal low it's the most recent low so let's just double

check what this is okay let me see

um okay so this is this is kind of yeah a

good example because it's not always clear cut so

when this high gets taken all right where was the last candle that

fell to break the prior candles high it was this inside bar here okay so you

could say or that's my internal low but if you were to draw your internal level

across it you can see it was broken right so for me

actually becomes this candle here i would do it on that

one because this candle is essentially coming the exact technical names this

kind of thing called it like outside bars or something but outside

reversals but essentially because that candle was the last point

um i would count that as my my chalk line it's a bit yeah it's not super

clear cut that one um because price moves up

it comes back then you have the counter trend movement then this candle takes

that low and then takes the high and then this count is all part of the

up move um but because yeah so yeah i would

count it as this low here so sometimes it is a little bit more

complex but that's the way i would count it in this case um if price took that

low i would be happy to call that um a bearish change of character okay

sometimes it is a little bit messy there but

that for me is the way i would do it okay so that was our bit of changing

character there we continue the up move

and we pull back okay and then boom we've had some mad

news candle which is pretty horrible to work with

what time was that yeah 1 30 that was probably some

us cpr or something or fomc but yeah um

do any more questions in there hopefully that makes sense you guys want me to

continue to kind of just keep going through bar replay and mapping

the internal highs and lows i'm going to be going for about an hour and a half

now um i don't want to go on for hours and hours um

just to meet yourself if any of you have any sort of questions you want to ask

for i'm happy to do kind of another 15 minutes of literally just doing bio

replay i know it's very boring for some of you but it's just really really key

to kind of get this nail down this probably wasn't

the best section of price action either because it's very very

uh corrective and choppy so it seems

probably a little bit confusing to some of you as to why

um you know why we're bothering to do this because it doesn't seem that

effective but yeah trust me when you pair it in the right areas

uh it really really helps which we'll get into as we start to use multi-time

frames okay another 15 minutes cool all right uh what i'm going to do is just

complete it for a little bit because we've got this massive kernel to work

with

so what we'll do we'll hop on the four hour chart for a bit

because you usually get a bit clearer price action because obviously m15 is a

bit more intraday so you deal with sort of more choppy and today price action

with sessions and stuff and low volume um whereas four hours should be a little

bit clearer uh yeah let's go from here so

cool we're doing mobile replay um

right so blank chart again what's the first thing you need to do you need to

make sure that you have looked uh back far left enough to make sure you have

your swing high and your swing low in the correct place get some

water so for me

i personally use now a 40 pip rule uh on euro dollar on a 4 hour time frame

and i tried to be strict as possible before i did just use a little bit of

leeway here where you know that wasn't necessarily the most obvious of swings

so a good example would be this this candle here if i measure it right from

this low here to this high this candle is over 40 pips so before you know

sometimes i'll be women and airing about whether to call that swing structure

because to me this looks like the more obvious in price right but now i try and

at least with both the 4 and m15 i try a bit like an algorithm literally if an

algorithm was going to matter for me with you know code how would it do it

okay and that for me if anything is 40 pips or more i will now mark that as a

four hour uh swing structure okay so let's make sure we've got the right

level in place uh so i'm gonna measure this quickly

it's kind of process i'd go through okay so that wasn't so that was one movement

down okay so what i was basically checking

here was was that swing pullback it was less than 40 pips no so what that means

is this is all one leg down okay this is one pullback and then that is clearly

for our boss so whenever i want to make sure i've got my higher lower pace i try

and go to where kind of the nearest big obvious swing and swing structure is

okay so when this swing low goes here all right where is our swing high it's

the highest point that took out this low after it was formed so after this low

was formed when it broke yeah the highest point is up here okay so that

becomes my uh swing high

zoom right in all right so now we get a break

oops

there you go all right this ball back here was more

than 40 pips so this is really really messy it's not clear structure but i'm

going to keep it mechanical that becomes my

breaker structure okay so what that means is that that was a swing low we

pull back to form a swing high and then we have

uh well once price then pulls back 40 pips which obviously clearly happens

that would then become my swing low so we can mark out the lowest point

okay and then we get a swing breaker structure here all right price goes up

to break above that high i don't think any of these are 40 pips clearly

not just a bit more accurately not quite 40 pips

um about here yeah that's more than 40 pips so that

for me then becomes a swing pull back here right once we pull back 40 pips

okay so that's my swing high

again not the cleanest the price action but that for me is swing structure so we

break structure again it's like 40 pips no this looks like it

was yeah so that then becomes my next

breaker structure

all right that's my swing high

that becomes my lowest point right that went on to break the high

after the the hyper swarm so remember again if you're not sure obviously

pretty simple in this case but draw a box from the high to where it's broken

and then just draw it all the way down and you just pick the lowest point in

that box and that becomes your swing low in a bullish market okay and then again

we measure this breaker structure how far does that pull back

not 40 pips so that's not swing structure uh how about from this high to

this low okay yeah that's a 40 pullback okay more

than 40 pips so that means that this is my current swing high so at this point

here oops

let's mark out

the swing low okay what we'll do is we'll do this till

uh another 20 minutes and then we'll call it a day but that should give us a

decent bit of price action to go through

cool uh make it a bit bigger

some pretty and then we'll map this out as i swing

high so i really recommend especially when you're in the live market as well

you literally have your charts map like this where you have um

a a horizontal line literally label your

swing high and you swing low on it and just have it drawn out to the side and

this way you can literally visually see the moment you hop on the charts you

know what range you're working within and it just gives you so much currency

especially if you're kind of getting zoomed in and you're lost it's this

internal is a swing etc etc um it just keeps really helps to keep it clear and

if you just do it kind of you know on two time frames

uh it's four hour m15s you know obviously if you trade like me um and

yeah don't try and get too confused with the daily in the weekend all that stuff

just share if it's a bit overwhelming okay so

we this is our swing high this is swing low if we look at the internal structure

what do we have going on well uh we can see it's part of the up move

that's the pullback it's all part of the up move then we have a pullback and then

that's the art move so at this point here i would need to see this low get

wicked for there to be a bearish truck which it looks like has

happened yeah we've just whipped it so now we've

had a bearish change of character now at this point here i think it's going to be

useful if i do map the internal high on those isn't it uh let's use this for

make it blue or something all right i'll call this the internal

high

all right so where would the our internal high level be for me it's the

it's the nearest candle that failed to break the prior candles low okay so what

happened it's confusing we have inside bars i think i did this bit of price

actually in the lesson so you guys probably use this bit but uh essentially

yeah this this inside bar was the last candle because it failed to get kind of

low right and then they will go down right so that becomes our internal high

right it does get a little bit used to getting your eyes used to this with

inside bars but essentially that is the last candle that failed to break the

price count as low so that is our current internal high okay

so let's use a line for this

bottom cool all right that's all part of the down

move

okay now we've continued that bearish move okay so

at this point where is our internal height

uh it's the last counter that fell to break the prior counters low so this

candle fell to uh this candle here this bearish candle did break the pride

counters low so that's part of that move this candle obviously break the pride

counters low so it's part of the down move this candle didn't right so this

becomes our internal height it's quite an easy one to spot in that case but

just try and talk through that kind of mechanical way of defining it right so

obviously when you get more complex situations like that where you have the

inside bar okay so then we move it to this kind of here

makes the prior account is low

uh

that's not anything basically because it's it doesn't do anything right

at this point here right that took out the low so we just look back where the

nearest point was this this this is just nothing it's just substructure

essentially right

if we bring it back to this point sorry go on

oh will it be fair to say you see with trucks or you mainly just use not you

specifically but would you say it's used mainly for reversals because i noticed

for example in the morning when you post your charts

you'll have your four hour marked out 15 and a one minute and you love your zones

so really and truly you're waiting for that to come into your zone and then

you're waiting for the chop where it's rolled by or so

would you yes but yeah but it depends on what

i'm not necessarily waiting for it on like the higher time frame so imagine no

yeah yeah but basically my so to keep it

simple right my minimum rule is my strict rule is at a bare minimum when

price enters a zone any zone at a bare minimum i need to see a chalk

in the direction in which i want to trade on the time frame i am entering on

that's like the bare minimum so what that means is let's say price comes into

a daily demand zone and i'm thinking about getting long

at a bare minimum i would need to see a chalk

on the time frame i'm mentoring on so imagine i'm entering on the m1 and price

comes into a daily zone at a bare minimum i need to see an m1 shock all

right obviously i'm going to want to see more than that but i'm just trying to

give you an extreme example so let's say you know this this was

uh a chart i was looking at right we're

coming into the london session and this was my four hour demand zone right

uh obviously i can't say in this exact situation exactly what i'm going to wait

for because i need to do my four months time for analysis i need to go and look

is there a refined m15 zone within here uh et cetera et cetera but because at

this point here right we're pro trend um about where it was uh essentially you

can think about being a bit more aggressive here because um

you know i'm gonna say with a pretty good

certainty that because we had a four hour bearish chalk up here right as the

first time the internal structure switched perish that on the m15 is

likely going to be a swing breaker structure so this movement here is most

likely the m15 in a bearish trend all right to facilitate that four-hour

pullback into this zone okay so when price comes into this

four-hour demand zone here let's just assume that the m15 is bearish okay so

you can because it's pro the four-hour trend you can just wait for an m1 change

of character right trade that first little move

but you're trading against the m15 um it could be coming off you

know a really nice level here i don't know what the daily looks like et cetera

et cetera so let's just kind of do a minute that's why it matters so much in

the overall hard time frame story um so like i said it's a four hour zone you

could just wait for him on shock uh in this certain circumstance i'll probably

say it's quite a big range you're playing within right there's a lot of

you know there's a lot of movement here a lot of room for price to move so you

don't have to be in on that first number one entry and this is why i would say to

a lot of you just a simple very simple thing is always wait for an m15 change

of character so um in this circumstance you would be waiting for something like

this uh imagine this is the m15 price actually coming into a four hour zone

and you just wait for that first little m15 shock that we're looking at before

right and now you have a bit more confirmation than we can get long

there's other things that we're going to look at right we're going to look at you

know it's supply sum and control we can look for m15 supply to fail first yada

yada it's all going to depend on how price gets it and that's why i can't

just give you like you know in my plan i don't have this is

exactly what i wait for every time because it's always different and i

personally like to use a little bit of discretion

and i kind of try and make that clear in my forecast as best as possible um but i

can't say this is exactly what i am i'm not going to do in every certain

situation in some situations like this morning

where you know price price was coming down with a lot of momentum and we're

coming down into some demand zones it was all counts of trends you know

there's no way i'm going to enter account to train them just the first one

i'm going to change the character i'm going to want to see a lot more um

yeah we're kind of getting ahead ourselves here a little bit but

if you watch the the um square box beginning trading system lesson i do in

there give you like an exact mechanical rule of what to do

uh in each whether it's a four-hour zone or an m15 zone and whether it's pro the

four-hour whether it's counter if it's pro the four hour and pro m15 if it's

pro the four hour but counter m15 if it counted the m15 and it's counted in

uh four hour i i'm pretty sure i'm 95 sure in that lesson i give you exact

rules in terms of chalk of what to wait for in all four of those different

circumstances um to give you a starting point so

yeah kind of answer what you're asking uh yeah no definitely i think i kind of

um phrased it a bit wrong basically what i meant was really and truly the only

time you'd use your um chuck even on say for example you've got your desired time

frame you'd want to wait for the chalk before

obviously say for example in your supply or your demand just wait for the chalk

on the desired time frame so that's the four hour or the hour or the 15. because

i realize other than that you don't necessarily need it unless for example

again if you wait for the counter trend like

the diagram you've got then it would give you the heads up and then if you

want to enter on a smaller time frame or whatnot but

yeah nice way to yeah it's it's literally just like the

the simplest way i can i can for like the reason why i use chart is it's just

that first little sign that structure might be shifting in my favor

um you know it's just giving you that

little bit of extra confirmation like let's say we're just trading the

four-hour chart we know it's pro trend this is a strong low in theory if the

four-hour trend is going to stay bullish this low has to hold if it's going to

stay bullish so we know if we're looking from lungs from here it's not 100

guarantee that it's going to work out but we know there's a very high degree

of probability just purely looking at one time frame right for getting

everything else there's a really good high degree of probability that this low

is going to hold right so we could just you know slap an order on here if we

wanted right risk entry that's something you could definitely look at or you

could wait for price to come into here and then drop down to the m1 or you know

whatever your time frame you want to use and straight away start looking for an

m1 bullish change character whatever and getting straight away but obviously

price could come in it's going to give you that unchanged character and it

could come in a little bit deeper before that movement goes right so you could

take a few losses before it goes uh some of you may think well

you know i don't know yes it's a four-hour strong low but actually we're

coming off a really strong daily zone and the daily overall was bearish this

was just a daily pullback to form a daily low high and we could be

continuing down so actually i'm a bit more hesitant about the four hours

staying bullish here so therefore what i want to see is i want to see an

m15 change of character rather than just an m1 so you'd wait for a little bit

more now some of you may be thinking i really don't like this level so i want

to see an m15 boss i want to see the m15 switch bullish before i look for long so

you'd wait for the price to come into here

let's say say this orange this orange price action

is the m15 right that would be your m15 change of

character as soon as we take that little low that little low high there but some

of you if you're waiting for that in 15 bucks you would wait for this level to

go right and then you'd be happy to get involved to play that move right that's

waiting for more confirmation that m15 boss there right this big m15 line is

most likely gonna be a four-hour change of character

um again we're getting a little bit ahead of ourselves here with multi-time

frame and stuff but yeah yeah

yeah because before draining i was waiting for the bosses and i noticed i

was missing out on trades and notice when i joined and i went for the course

i went for the chocolate and i actually even posted my chat i was like i've

missed down so much trades because i didn't know about the stuff i used to

always wait for the bus but yeah no that definitely cleared things up

so was that was that like save save price came into a really nice m15 and

for our zone were you waiting for an m1 boss rather than is that between or an

m15 boss no be it the four hour i only recently

jumped down to the 15 obviously following the program before it was just

four hours and one hour mainly four hours because obviously i didn't really

know much about breaking it down in the chops and stuff posey since now journey

now i do the four hour then the 15 as well as the day in the weekly

perfect perfect yeah i mean it's a really useful tool i

mean obviously you saw as you guys saw when we're going for the m15 it can get

a bit like choppy um and that's why we have to really pair in the right areas

that's why i like um and you guys really seen it with my markups this week where

price action has been stuck in this horrendous massive 415 range and when

it's in the middle of the range right i expect price to take highs and lows and

retrace and do all sorts and if you map on every change of character

you know you can do it as an exercise but if you're doing it to help you with

your live trading and it's like putting you off well

yeah i'm not going to map on all of these changes of character because i

expect that to be changed to the character it's not useful information

where it's used for information is when we've had a break of structure prices

coming to the upside and i just want to know when is when is the four hour

potentially going gonna start pulling back because i know when you're gonna

break a structure it could pull back by the way this isn't this isn't directed

at you personally i'm kind of just talking to everyone here but um like

when we have that broken structure here right like i said i'm expecting a

pullback but this could go on for another 300 pips before we get that pull

back so i'm just waiting for that change of character just to help me

give me a sign purely from structure that that pullback might be happening

and that's why we start to pair it with you know supply and demand zones

multi-type analysis um you know are we in the premium discount of the daily

range where are we coming into et cetera et cetera

but yeah just keeping it simple for now that's where i'm interested okay now

we're getting a pullback now we could get a bullish change of character in

here and stuff but you know i don't necessarily expect that we're

necessarily going to go in from here because i'm more expecting that we're

going to get price is going to want to pull back to

here right to form that high low so as soon as we come down to here and then we

get a change of character now i'm really paying attention that

change of character means a lot more to me right because it's in that high value

area which i was expecting there to be a bullish move um rather than like you

know we get a bullish change of character like if we had taken this high

here by the inside bar we've got a bullish change of character here right

yes that could be a signal before our high low has formed and i definitely

would be paying attention to that but it's not going to mean as much to me as

if it happens down here right because this is the high value area and that's

where chuck becomes a bullish truck becomes a lot more important to me in

this circumstance um because this is where i'm actually i care about

looking to get along whereas i'm not going to be so bothered if i see a

bullet struck here i'm not going to be really thinking about getting

long necessarily um if that makes sense but yeah anyways

let's let's uh let's crack on with a bit more bar replay

uh for another 10 15 minutes or so and then we'll start to wrap things up

cool so yeah we're putting back

uh we form another internal low so whereas our high is pretty obvious in

this point it's the last count of the fell to break the prior candles low

which would be right this candle here obviously broke that candle is low but

then did this bearish candle break the prior counters low no right it failed to

break the price count is low so this becomes our most recent internal high

okay so this point right let's say prices come into our demand zone and i'm

thinking right i want to get long but i'm only going to get long if we get a

four hour bullish change of character then i need to see this high at the

moment i need to see this high get wet before i'm going to let it get involved

that's essentially how i'd be using this okay

okay we continue the down move right we've come into demand there's probably

going to be a british change of character down here on the m15 or the m1

or the m5 whatever anything lower than the four hour chart they're going to

start to be switching bullish but i'm waiting for the four hour change of

character and wait for this high to go

so nothing's happening nothing's happening nothing's happening nothing's

happening this is so this is here essentially what i call substructure

right if you see right because i see some people labeling this right there we

go well we've taken this high here so is that not going to change your character

no it's it's a substructure break right because we have not taken out the higher

the low so this is just nothing essentially in terms of the four-hour

internal price section this is like the internal price section of the internal

price action so i think it's just easier we call that substrate going forward

right this is not structure this is not price action i care about really

uh okay nothing's happening nothing's happening

have we taken it high yet let's look at

up here like what does it say this is useful to use those so the high is

eight five one two what's this high here eight five one three okay so this is a

pipette highest this has not broken it yet

we have not yet had a bullish truck fail to break it

okay now we've broken that low so we continue bearish so can you see in this

instance if you waited for a four hour

uh bullish change of character to confirm this level for you you would not

have gotten a trade in long trade yet okay um now we continue the down move

now we still haven't broken the demand level we still haven't closed below the

swing low so we could in theory stay stables from here it's very unlikely

because this reaction is obviously failed but let's see what happens next

okay boom all right so you can see in this instance waiting for a four hour

chalk stops you potentially from taking loss

obviously if you go in with the number one entry here you know prices move to

fair distance there's no way you're going to take a loss after 750 pips but

yeah hopefully you can understand what's going on here purely from how we map

structure in this instance okay now i've got a bit ahead of myself there but when

we took this internal low where is our most recent

uh high it's inside yeah bang on because that was the last candle that failed to

break the pride counters low because you see from this inside bar onwards next

counter breaks it's low next counter breaks it's low next counter breaks low

so on so on so forth so this was the last candle to fail to break the prior

candles low so that becomes our active internal high so now

right well also do we have well

price broke and closed below the swing low right so now we have

we can move this out the way we can use it for something else in a minute now we

have a swing breaker structure so now the four-hour chart has switched

bearish right that is a boss breaking structure right so

when we have a breakage structure and a bearish market where is our swing

high it's the highest point that broke the low after the low form so if we want

to use our box tool draw it from the low to where the low was broken drag it all

the way up where is the highest point in this box

the high you can see stays in the same place in the circumstance

now there will be some scenarios and when which actually the high does change

uh when you have a trend change i've put a few examples of the course which

you'll see but just to be aware you do sometimes you still need to check okay

and in this instance that would be the swing high okay

so we'll leave it where it is uh and then i'll swing low we don't

technically know where it is until what until we get a 40 pip pullback okay so

once price pulls back to here right then i would know where my true

swing low has formed okay now to see a bullish change of character technically

this is the high that i need to see broken right

okay cool

yeah cool so that was part of the down move right have we now moved 40 pips

yeah we've moved 40 pips now see how this is a scenario in which the swing

low and the internal low are in the exact same place i'll just draw a little

bit below all right

essentially they're in the same place we can now use our fancy highlighter pen

tool um and there we are that's the place

we're in right and you can see yeah essentially this would need to be

able to change the character if we take this high out but for the four hour to

actually switch bullish it would have to take out the swing high and close above

it okay so now see here

all right again this is another example people are marking this

right that took the high and then price came down and took the low so is that a

bearish change of character no because this is the internal high and

this is the internal load this is just substructure within the internal high

now this isn't anything i care about really yes you can use that as

information um you know potentially let's say you

wanted to trade from this inside bar supply zone and then you see this logo

your price could have then come back in and gone and it's still useful

information but purely just in terms of defining the way we do it where the

internal change character is that isn't one okay you can call that

a subtraction chalk or something different but it's not

the true chalk that we're looking at right just because that question has

come up quite a lot recently [Music]

if price action is going in a preferred

direction how can one scale in and scale up well

you just i mean

again it's a bit beyond the scope of this lesson but essentially we just you

know we look to continue to play continuations we wait for price to pull

back where the last level high was this is the supply zone and we can continue

to look uh for price to move um [Music]

let's go into but yeah this is beyond the scope of this at the moment so many

cases we do not get a truck which indicates a pullback because when it

does it's too late since the new lower low has been made um

so yeah in this instance i think we're just asking is right the four apples

falls back so by this candle here right if i bring it back to

[Music] this point here

all right we obviously had our swing breaker structure to the downside look

at this right so the four hours which bearish um price then pull back if we

measure it 40 pips so for me i know that i can mark that as my swing low right

and my turn i know it's in the same place um but yeah we have not had a

bullish truck so that's why i'm saying right

a a change of character does not define where your swing high or your swing low

has formed it doesn't define when it has formed it's just a tool that can signal

that a pullback a swing pullback may be starting or maybe ending it has nothing

to do with defining where it is for me what defines where

a a swing low is in a bearish market is when it pulls back 40 pips okay that

shows me where the swing lowers in a bearish market

where the swing high is in a bearish market it's where the highest point is

that broke the swing low okay so again i'll say that in a bearish market we

know the swing low is once it pulls back more than 40 pips on the four-hour time

frame on euro dollar because that's the rule that i've

come up with that's significant for me where the swing high is it's where the

highest point is that went on to break the swing low

that's in a bearish market when we were back here in a bullish market we know

where the swing low is because it's always the lowest point here that went

on to break the swing high but where is the swing high well the

swing high is we only know where it is once price pulls back 40 pips on a four

hour time frame on your a dollar okay so that's how you define the swing high and

swing low it has nothing to do with change of character in terms of defining

your swing points you do not need to change your character

for mapping your swing structure when we bring change of character in is

it can sometimes give us a signal where we can anticipate when that pullback may

be starting because it can the change of character

can happen before price moves those 40 pips okay

so that's yeah and then in this circumstance quite right quite rightly

you pointed out uh we pulled back 40 pips 140 pips and we know that this is

our swing low but we haven't yet had a change of character so they're two

separate things but we bring and change the characters to sometimes help us

signal when that may be happening before it happens but in this circumstance we

know the swing though is before we got a bullish chalk

cool

okay so none of this is price action that we care about it's just

substructure and then boom we take the lower okay so that internal logos and we

get a swing breaker structure case there's a few

things going on here so when we get that internal logo where is our most recent

internal high it's the last candle that fell to break the prior counters low

which we can see it's this candle here right that candle fell to break the

previous counters low so this becomes our new internal high

this is our internal low which is put to the lowest point all right we'll move

this out the way because this here was another breaking

structure okay so we know that that was a boss right this is our internal high

because it's the nearest high it's the last kind of fell to break the prior

count is low this is obviously our own total load because it's you know it's

all part of the down move but where is our swing height our swing high is the

highest point yeah that led to the breaker structure after it forms

remember get the box from the low the swing low to where it's broken drag it

up that is the highest point that went on to break the swing low okay so at

this point here for the four hour trend to switch bullish we would need to see

price break and close above this level here so this is the swing range we're

within okay now we are forming a swing lower low but i don't know where the

true swing low is i can't put on this you know fancy highlight at all

until we do what until we pull back 40 pips okay

so let's continue okay now we take

this low was that a 40 pullback no it wasn't so it didn't quite move 40

pips that for me is not a swing pullback which means that this is not a swing low

which means that this break of this low here is not a swing braking structure

it's not a boss all that is an internal load being broken okay so we move this

down here and we move this to our most recent tunnel high the last candle that

failed to break the prior counters low was here all right

so we're still moving to the downside at this point our swing high stays in the

same place because we haven't had a spring breaker structure yet right this

was not a swing pull back for me it needs to move more than 40 pips in a

bearish market all of these candles break the price on

as low it's still part of the down move continues part of the down move

continues down right continues down put some accurately

okay how big is that

cheers see you next time man have a good week

almost done anyway we'll be done in the next sort of five minutes we'll wrap

this up okay this decided to freeze for me

anyway so it's really annoying

okay cool so at that point right we moved back more

than 40 pips so now that's for me counts as significant structure it counts the

swing structure for me on the four-hour time frame on your dollar so i can now

mark that out as my swing low right

now again our internal height stays in the same place this for me is not a

change of character right it's not a breaking structure this is not an

internal change of character that's not a break of internal structure why is

that not a break of internal structure well because it's not a high why is this

not a high well because it's all part of the xiaomi all of these candles

continue to break it below that candle trade is lower that candle trades lower

that candle trades lower that candle trades lower and that candle trades

lower so that is all one bearish move okay even if this here was a bullish

counter right if it was a green gray candle it doesn't matter because it

broke the prior count as low right these are all

all i move hopefully that's really really clear so yes you can you know

view this potentially as as you know a bullish sign right this the fact that

price pulled back and the candle traded higher but for me that's just a

substructure break it's not anything that i care about and this high didn't

do anything it didn't cause a low this is just internal price action right

substructure okay so for that to be a bullish truck

that's the higher that needs to go right

so now our internal low and our swing low are again in the same place it's

just one of those instances where price is quite a lot of momentum um whoops

that's supposed to be our swing high as well uh you know it's just the way it is

okay so what's going on

okay so now

that becomes our internal low the lowest point

we've got a swing breaker structure

over here

so where is our highest point let's look at this low it's this low here right

this high here sorry so just going to drag this over here

cool uh has this move 40 pips

not yet so we don't have our swing low just yet

all right guess what so you can see here this is another instance where the

internal high and internal low are the exact same place so price can do

whatever it wants in here right but none of this would be changes of character

for me right it's all just substructure

come on there we go okay so now the internal logos now this movement i'm

guessing was one of 40 pips yet was so that was a swing low

trying to do this quickly it was getting a bit messy okay that becomes our

internal low that becomes a breaker structure

yeah that's the highest point okay so that becomes our new

swing high so now we can put the highlight temple

there all right this is our internal low so where is our

tunnel high it's the last calendar that failed to break the prior counters low

so it's not that one yeah it's this inside bar here all right

because you can see from that point onwards right

from this can sub i almost the next candle trade is lower yes doesn't it

count or trade lower yes this bullish candle does trade lower than prior

candles it's not a pullback this candle continues the dow move right so from

this inside bar onwards these candles all trade lower so this is the most

recent internal high okay so that at the moment is the internal high that we need

to i would need to see go for that to be a four hour bullish truck okay

right um so we haven't yet had a 40 pip

pullback so we don't know where the true swing low is just yet

okay so that takes the low so that becomes our internal low

uh that didn't trade lower than that candle there

okay so that's an inside bar all right so this would then have been

our internal high at that point right i'll bring that back one candle i'm in a

bit too quick there just so you can understand that

all right so this point here that was our internal high because price

came down it moved up and we arranged for this is that with these inside bars

it gets a little bit confusing essentially this was the last candle

that failed to break this counters low right and then it's all part of the down

move now this candle here fails to break this candles low here okay so now we're

starting to have that internal pullback all right so this is our internal low

now what happens if we play the next candle is price takes the low it breaks

that low right so as it breaks that low in that exact moment that this low gets

wicked where is our most recent internal high it's this candle here because this

was the last candle that fell to break that counter's low right but we need to

wait for that that load to be broken to know that this is the higher right so

once it breaks that then becomes our high but then in that very instance with

that same for our candle price then takes the high

right so that's now what we we've now had a chocolate case is where you have

to really pay attention to the live market when it happens like that okay

because the low gets taken which then means this becomes our high but then the

high gets taken in the same candle okay so that becomes our internal high and

then this here becomes i get the line to work our bullish

change of character okay

and then this becomes our low because that's the lowest point right so

essentially it's one of those candles i forget recorded like outside reversals

or some nonsense like that but essentially it took the low and it took

the high in one go okay swing high still stays in our place have we had a 40

pullback yet uh not quite yet so it's getting a bit

messy okay now we take the low so this becomes

our internal high uh

and then turn on now this again yes this candle did break the pride candles low

right so you would say that's not a high but you see how

it's because that was an inside bar and then this is an outside counter it takes

the high and it takes the low so for me this becomes the most recent one because

i can't take the inside bar right yes that that technically that inside bar

technically was the last candle to fail to break the prior candles low but then

what happened but then this counter broke it right so this is why then this

becomes it for me and then that's all part of the now move right

then we continue down all right so this point what we're

waiting for is we're waiting for a 40 pip pullback to know where the true

swing low is before that happens okay so part of the down move

all right now we start to pull back

okay and then we take the low again so then this becomes

our internal high here could be this candle here

all right yeah and then so i haven't yet had a 40 pit pullback

so we still don't know where the swing low truly is yet

all right that's an inside bar so we do pull back there

don't think we trade let me check yeah we don't

okay boom now we have a bullish change of character

so what i'm going to do also wait hang on

so there's a few things going on here right so

let's concentrate on the internal structure first so we've had a bullish

change of character right so i'm going to drag

this line out the way

uh put a bullish truck here so you can see in the lower market right i'm not

marking these internal highs and lows what i do is i just know where my most

recent high is that i need to see go for the bullish change of character right

and that's the dash line i would have i would never kind of join these internal

heights and those just because it gets a bit unnecessarily confusing right so now

we've had our british change of character

where is our internal high so obviously this point here at the highest point

where is our internal low was the last candle to fail to break the prior

counters higher yeah so it's this inside bar here so we now move this up so

essentially what this means is if price was then to come down and take this low

we would then have had a bearish change of character okay

now because we have pulled back more than 40 pips we now know with

confirmation right that this is our swing low right the lowest point we

should be this low here so again i want to make this point really

really clear you do change of character has nothing

to do with knowing where the swing low is with defining where the swing low is

it has nothing to do with it okay we only know in a bearish market where the

swing low is once price pulls back for me once price pulls back more than 40

pips on euro on the four-hour time frame okay what change of character allows us

to do is just it gives us another signal that that pullback may be happening

because the internal structure is shifting to bullish to facilitate that

pullback okay sometimes what can happen in like a

circumstance like this is imagine that this movement here just

just say this movement was only 20 pips okay so at that point if this movement

here was only 20 pips i wouldn't be able to mark that as my swing low but i would

have i would have still have that bit of change of character right and now i can

anticipate that potentially we are going to get that that pullback right but i

just want to make that distinction clear that change of character has nothing to

do with defining where your swing low is we're swing high it's just to give us an

indication that structure may be shifting we may be pulling back right

so swing highest obviously stays in the

same place uh we can now mark this out so swing low just do this as our last

example once this swing range breaks we'll call it a day okay

okay so now we have a bearish change of character

um and again right i have a lot of questions about this to go okay well we

had our bullets changing character that can signal that the four has been back

but then we got a bearish change of character straight away so does that

mean the four-hour pullback is now over and does that now mean that we're now

going to come down and go and we shouldn't look for longs

is that what that means well no essentially yes it is a weak signal

and it does mean you know in theory that the four-hour lower hike can be in place

and we're coming down but you have to bear in mind that

you know changes of character happen everywhere and really what i care more

about is have we come into a really nice demand level yes we're quite

overextended we're still within the discount of the four hour range we've

had a bullish change of character so yes although we've now taken a low

again and technically that is a bearish chart i don't really care too much

because you know the odds that we're going to have that

pull back more to premium prices are still quite high so this is not ideal

it's still a weak signal but i'm going to pair it with everything else or i'm

going to be looking at the daily i'm going to be looking left on the

four-hour chart you know i don't know what's there i'd have to do another time

but have we come into a nice level i'm not necessarily going to let that

bearish truck put me off from potentially looking for lungs from down

here right it is a negative confluence and i will

uh be mindful of it but i have to pair it with everything else right all over

the confidence that we're using so yeah just to kind of put that clear because i

know it does confuse some people that they'd see that very shock and they go

well we can't look for lungs from now but yeah it's not necessarily uh the

case but that is yes technically a bearish change of character

so potentially yeah we might we might go down from here and continue to make the

low okay and this is what i mean right now we have a bullish change of

character straight away again and that's why you know they start to happen

everywhere and i don't care at this point what i was waiting for was that

first sign yeah essentially this is exactly what's

going on on the daily chart on eurodollar at the moment um and i can

see where that can be a bit confusing but and that's why i care about chalk

mainly in the areas right if i know that i'm anticipating this pullback to care

to kick in right what i really care about is this chalk here not so much

when we break down again and we break back up again you know use it as

information but this is the one i was caring about because i wanted to see

that first sign that the internal structure was switching bullish so now i

can start to anticipate this move not necessarily thinking it's going to go

all the way up here but that's the one i care about now if we pull back up here

like this and then we start to come up into the premium of the range and we're

coming into supply levels and we're coming into an area of value where i

want to look for shorts and where i expect that lower height to form then

now yeah now i really care about changing character because it's in that

area in which you know i want to start looking for shorts okay so hopefully

that kind of you're starting to to understand now of

yes there are trucks everywhere and you need to be aware of them and this is a

bearish truck and it is a bearish confluence but really you know

i'm expecting the longs to go like here it's more probable we're going to pull

back higher okay cool let's just yeah like i said

we'll do this we'll do the swing range and then we'll we'll call it a day so

that continues the art move all right so that was our opponent's

truck there all right

okay that's inside bars internal pullback

okay now we've had a bearish truck right it's a bit more significant spunks we

had a bit more of a pullback right we've come into

look we tapped these bikes to celebrate it's almost right a bit more of a

significant pullback so that yeah that chalk here this bearish truck just might

just have the way i would probably see is a bit more significant

than you know necessarily just this you know weak one here that we had straight

away right it's not you can see the difference right now where is our

internal high um a bit more of a confusing example

here because it's another one of those ones right

where price came down then we had a pullback right because

this kind of filter break the prior candles

low and then in this one candle this one the way it formed this might be easier

to see in the live market because you'll see how it forms it's a bit tricky with

bat testing because the candle prints someone goes straight away right but

what you would see is price would wick that low all right

so then you know okay now i've had a bearish truck so as that's happening as

price is literally down here right before i kind of hasn't closed you would

then know that this has been your internal high right because that was the

last candle to fail to take out the low so that's our internal high and then as

the four-hour candle closes right price then moves up so now you've had a

bullish truck and a bearish truck all in one go so technically right this is

quite hard to see when you're back testing but it's a lot easier in the

live market that would have been a bullish truck and then that would be

your internal high and this would be your internal lower okay so it's pretty

messy and again this is exactly what's going on on the four-hour chart at the

moment right where we're just taking highs and retracing taking lows

retracing right taking lows retracing taking highs and it's just messy and

that's why i don't really i'm not reading too much into these trucks right

i don't care about that so much um i'm using it in those areas where i'm

expecting price to turn okay and when it comes up here uh et cetera et cetera but

let's just keep going okay boom and then we go

so that would be our internal low

this inside bar was the last candle that fell to breaker prior candles low so

that's our internal high we've now had our spring breaker structure okay that

was our boss all right we've continued the movement

where is our swing high yeah it's the highest point i wanted to break the low

uh so this becomes our new swing range that we are within

okay so

yeah i kind of wanted my aim with this with this uh meetup webinar where

everyone called it uh was really just to kind of just

zoom into price and really just understand the exact mechanical process

of understanding how to map uh internal structure how to map your

internal high your internal load depending on whether we're bullish or

bearish how to understand where the true string high and swing true swing low is

um the way i define it and then a little bit of how to pair them together we

haven't really done that too much i kind of wanted more to just to focus on the

exact process of literally how you draw the line

um in future

meetups i think what we'll spend more time on now like hopefully you guys

watch this as many times as you need to really understand the process in the

future meetups we'll kind of look at examples of you know kind of more how we

build trade ideas around it um you know really kind of concentrating

the areas in which i i i'm paying more attention to those

changes of character uh and and you know so on and so forth rather than you know

all of this kind of mess in the middle and then it'll really start to make more

sense but we had to kind of do this obviously you know in line with the

course sessions as well that's all in there but i kind of wanted to spend you

know be done towards two and a half hours now kind of going through the bar

replay uh hopefully that's made this a little bit more clear uh what yeah like

i said watch as many times as you need to um if you do have further questions

you know feel free to ask me but hopefully

as far as i'm aware this these two methods of defining some guys

and swing those and drawing your entire structure can be programmed into an

algorithm um obviously to get to the point where i

came up with the 40 pip rule you did i did have to use discretion right what i

did i've talked about this before is i just went on i just drew everything on

that to me looked like significant structure and i realized that none of

them were really less than 40 pips so i just use 40 pips as my rule and now just

keep it nice and consistent like that um you know sometimes like here this

section of price section here it's not really that clear it's not that great

but just being mechanical it's decent enough it's 40 pips that for me is a

swing breaker structure okay you don't have to use 40 pips you can use whatever

works for you um but that's the one i use so once i have that 40 pip rule now

it's 100 mechanical now it can be programmed into an algorithm now you

have complete clarity you know you don't have to uh about it uh when you're in

the market but yeah

i'm kind of ranting a little bit rounding now so if anyone kind of has

any final questions purely just about this stuff i don't kind of want to go

into too much other stuff just yet we can we can save that for future ones

um then yeah now's your time to kind of type one in or just

unmute yourself and shout over me

cheers man i hope you guys appreciate it some of you probably are asleep because

i realize this stuff is very very boring especially when you're literally just

trying to like we're literally just mapping it like i said but

i personally get excited about it when it all clicks and when you can pair it

with how we start to build trade ideas around with it because

when you have it this way and you really really get it

you come to your charts every single day every single morning and it's like the

first thing i do right i go where's my swing high where's my swing low

obviously i already haven't mapped out the night before but just you can just

see it it's clear i know what i'm looking for um and obviously when it

comes to building your guys trade plans and when you're really looking to start

to take positions this is where you know we'll talk about this later and i really

tell you how you can make it mechanical how you can build those rules in okay

when price comes back to this four hour zone i need to see xyz i need to see

that m15 truck i need to or maybe i don't maybe i only need to see an m1

shock um and you can go from there and it just

means that emotions are going to be minimized you're going to have that

clarity uh and it makes things really scalable and then obviously when you get

to the point where you feel a bit more comfortable you guys have got months of

this under your belt you know even years right and you've seen so many price

action examples you're going to start to get a good feel for

uh actually you know what i really like this i'm just all i need is an m1 shock

other times you go actually no i don't like this uh you know i i want to see a

bit more i want to see uh either an m15 shock or an m15 boss or you want to see

a clear sweep that's where it comes in retirement experience okay but

when you're first starting out try and have that super super strict trade plan

that literally you know you could give it to almost an eight-year-old to almost

execute they might not understand what's going on but at least they would have

the rules their right to read uh and put it down to and then as yeah like i said

as it comes with time experience uh that's when you can yeah you can just

bring in that discretion i'm repeating myself now so i'll stop but uh

yeah exactly yeah snd's entertainment discount yeah so

cheers guys yeah like i said i hope you guys did appreciate it uh we'll take

value from it um so i think i'm kind of just brain dumping on you guys now i'm

thinking out loud but i think the next one we'll do um

we'll kind of bring in another time frame i think what we'll do is we'll do

the four hour and then 15 together we'll just look at two time frames because in

my opinion they're really all you need uh in terms of structure yes i also use

the day in the weekly that's just to give me a bit of obviously of an extra

edge but if you just have the daily uh sorry the 4 on the m15

uh there's those two time frames and again you guys can use anything you want

it doesn't have to be the 4 hour m15 it could be you know the 8 hour and the 28

minute whatever works for you but we'll just look at kind of how we pair two

time frames together uh and then we'll slowly bring in supply and demand and

we'll start looking at the trade opportunities

uh and we'll get a little bit more advanced but i think because we had a

big influx of members uh all kind of at the same time the last

two or three weeks uh not all of you but a good chunk of you were kind of be at

that similar sort of level of experience or at least experience with you know the

photon concepts and the way we use them and the way we look at them i think it's

kind of good to try and take you guys on that journey at a similar level so i

appreciate it for some of you a bit frustrating and you want to kind of get

into the more juicy things but um yeah it will be worth it to go from there but

yeah it doesn't look like we've kind of got any more

any more questions specifically on this stuff so what i'll do is i'll probably

hopefully the recordings worked and i'll i'll put this i'll probably put this

meet up into the uh the actual market structure bit of

the course just so it's it's full there and it's in there

and there's a bit more examples but um yeah if you guys have sort of anything

that you think still isn't clear enough or whatever feel free to shoot me a dm

if you want to see more content on anything like this uh because i've seen

the course i don't want to make those course lessons hours and hours long

because it will just some people you know should be like oh

this is too much they'll never get through the course and it's kind of what

these meet ups for where we can then just

like we had spent two and a half hours almost painfully going through it so uh

um [Music]

i once heard the trailer say he will analyze on a sunday what the next week's

weekly candle will most likely do and then he has a biased what'd you think of

that yeah i mean sure you can do that there's

there's so many you know little nuanced ways

in which you can do things um you know

uh personally i just you guys kind of see

it the way the way i do it is i i i you know i i look at the weekly i look at

the daily i look at the 4-hour n15 i look at where my swing range is on each

of those time frames um i look at where the nearest supply

and demand zone is on each of those time frames so if we go on my

uh you know you guys see him i do my

weekend analysis like this is as complicated as i try and make it like i

know that we've had that weekly break of structure we're now playing within

just gonna get rid of this uh blue line because it's killing my cd

there we go all right cool so

we're playing within oh come on

go away things in maya there we go

all right we're playing within this weekly range right we're coming

into a weekly demand zone yes i could you know start looking at the weekly

counters anticipate what's going on but the way i see it is we're pausing in

this demand zone we could have a bit of a deeper pullback you know to either

this poi and this pla here we've put up a lot of the those orders we haven't

really moved we're probably going to dump lower that's as much as kind of my

personal weekly forecast needs to be i know where

my nearest pois are so if we start to pull back on a lower time frames as the

four hour switch is bullish and the delhi gets to change the character then

i'm going to be anticipating that weekly reaction okay so where are my nearest

weekly apis where we have this buy to sell wicks here not really that

significant at all this doji looks a lot better right but again not really that

massively significant um but there would be my nearest two wiki pois but i'm also

aware that you know we haven't really got anywhere i'm ready

to kind of dump and look at this next target

right that's that's as complicated as it gets daily chart i know we've come into

the extreme demand of that weekly level we have had

uh you know we're pretty overextended but we are heavily bearish um we've had

a bullish change of character right because we've weights that high but we

also had a bearish change of character because when we took that high there

where's our most recent internal low it's the slow here right because we have

not moved we had a down move and we have not moved right so that's our internal

load so now we're ranging uh yeah so we're just stuck within this

range so that's when i don't read too much into that bearish change account i

don't really care about it um more just i'm expecting potentially we're going to

pull back into premium into the supply but

keep it simple everything's bearish that's a weak low i'm expecting the path

of least resistance to be to the downside that's it right for our chart

what are we doing well before our charts bearish so this is where i'm playing you

know i'm putting really massive more attention to this now as well you know

before any 15 to me are like boom you know what i mean

my um range of english for karate is poor but yeah hopefully you kind of

realize what i was trying to say there uh so we have a flower breaking

structure cool now we're playing within this bearish range if the four hours

bearish i'm just gonna keep assuming that that

four hour trend is gonna stay bearish until it isn't yes the day is coming off

the level of demand yes the daily could pull back up higher to the premium so

could the weekly but i'm not gonna get too fancy with my forecast if the four

hours bearish and all those times are bearish let's just assume that you know

this high is going to be protected uh and this is a weak low

i'm going to be favoring shorts the entire time no matter what but doesn't

mean i won't take longs it just means the shorts of the trade i want to be in

but obviously this is a very very horrible range

by drawing the you know you can see we're chopping in the middle and

whenever it's like this and we move sideways for a long time the the middle

is no man's land right it's not where you want to be you're going to get

bullish and bearish changes of character constantly and this is just where all

the low probability trades are where we sweep liquidity below the low sweep the

quality behind the highs right sweet because you below the lows you just keep

retracing right but failing to close below even the substructure lows right

it's just horrible horrible price action you need to be very very nimble um and

just understand what yeah i i appreciate i'm going on a massive tangent now it's

not what you're asking me but that's kind of the way i do my analysis on the

weekend it's

know what time frame set time frames you use

keep it at minimum to two at the start if it's confusing have your four have

your m15 um bare minimum know where your swing high is and where your swing low

is draw on your nearest demar zone in your nearest supply zone

ideally at the extremes right and then you do that same for the m15 and then

you just know well ideally i want to be selling from up here because this is in

theory a strong high right i don't really want to be buying from down here

because this is a weak low but you know potentially intraday if we get some nice

setups i could trade a reaction from here it's a bit more advanced but you

know the easy trade is going to be up here

and we're targeting this week's structure

and that's it obviously you know it can get a bit more complex than that

especially when the m15 is playing in a massive range right technically this is

the massive range we're within and there's all this substructure and

internal structure within um and it's complex especially you guys right this

is like what the hell do i do here this is where i would say just sit in your

hands for december be patient until we have clearer trending price action right

where like the examples we looked at in this webinar where it was you know a lot

clearer uh whereas this is all of this week's structure all of these highs and

lows failed to make a swing higher low so i expect all of them to get run

and when it gets like that's why it gets very very confusing and you know it's

like internal stretch of internal structure it's it's hard and that's why

you're seeing the price actually not beginning because

until we break out this range um it's not high probability conditions so

yeah have you time to see some not clearly

sweet but this is not important yeah i don't want to get um

to bog down liquidity because that's kind of yeah the the last thing we'll

look at but uh if you uh shoot me a message we can we can have

a bit more of a discussion about that i don't want to get into that just now uh

let's take it one step at a time because liquidity is really like the last last

last thing um really we want to be thinking and looking at from my from my

point of view anyway but yeah all right then

appreciate it guys thanks thanks you guys for who managed to stay the end as

well two and a half two and a half hours it's fair going um especially if you

guys in europe towards the end of the day sure you've had a long day uh work

or training and whatnot so um yeah i appreciate all of your attendance um

it's good to have you all in here hopefully this this recording has worked

so we'll be up there watch it as many times as you need to

um yeah also if you have any requests for kind of like

you know big sort of future topics like this um bring them in but yeah i think i

think we will spend at least the next few months still focusing on market

structure and slowly bringing in you know multi-target analysis bringing in

spider-man zones and then and then we'll eventually dig down into entries and all

the fun stuff but yeah it's really really key to get this going so

yeah with that said i don't think there's any more questions coming in so

forever hold your piece and i'll see you in two weeks time i need to double check

what exact date that monday is because we're getting nearer to christmas and

stuff so we'll figure that out but um yeah we'll definitely do something

um yeah cheers guys hope you hope you have

a good week uh and i will see you in the next one

peace out glad says that

yes