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These are the user uploaded subtitles that are being translated: 1 00:49:46,388 --> 00:49:48,668 the prior candles low that is the pullback okay so then you 2 00:49:41,588 --> 00:49:44,108 those candles fail to break the candles prior high then we 3 00:49:27,868 --> 00:49:30,268 that then confirms our level and then we can wait for price 4 00:49:48,668 --> 00:49:50,948 know where your most recent high is that you need to see 5 00:49:30,268 --> 00:49:32,148 to come back in right and then we're going to short and so on 6 00:49:32,148 --> 00:49:34,708 and so forth this is what you'll learn in a bit but yeah 7 00:49:25,828 --> 00:49:27,868 out that load to have our bearish change of character 8 00:50:01,168 --> 00:50:03,728 little bit of confirmation that we need to see for those 9 00:49:54,768 --> 00:49:58,048 character and then the other final tip is is we only use it 10 00:49:58,048 --> 00:50:01,168 really in in in key areas just to give us that that final 11 00:49:50,948 --> 00:49:54,768 get wicked for there to be a bullish or bearish change of 12 00:50:03,728 --> 00:50:05,848 turning points so hopefully that's clear as always if you 13 00:49:37,628 --> 00:49:41,588 that but yeah just really pay attention to essentially when 14 00:49:44,108 --> 00:49:46,388 never pull back and then here when this candle fails to break 15 00:49:34,708 --> 00:49:37,628 I'm I'm hoping I've made that nice and clear and you guys get 16 00:49:22,688 --> 00:49:25,828 here we have higher high higher low higher high we then take 17 00:49:20,168 --> 00:49:22,688 we wait for we can wait for a better change of character see 18 00:49:14,728 --> 00:49:17,608 and then we pull back okay right and then this is where 19 00:49:17,608 --> 00:49:20,168 right we'd be looking for price coming into our level what do 20 00:49:12,208 --> 00:49:14,728 that is our swing lower low and this becomes our new swing high 21 00:49:09,408 --> 00:49:12,208 structure is this right when we get the swing low taken out 22 00:49:06,128 --> 00:49:09,408 right and then we start to pull pull back but the swing 23 00:49:02,808 --> 00:49:06,128 down and then eventually we form that internal higher high 24 00:48:57,048 --> 00:48:59,568 break the pride candles low then we pull back all of these 25 00:48:53,308 --> 00:48:57,048 pull back up we come down we pull up all of these candles 26 00:48:59,568 --> 00:49:02,808 candles break the candles low then we pull back then we come 27 00:48:48,228 --> 00:48:50,628 that small low to form a lower low that's our bearish change 28 00:48:50,628 --> 00:48:53,308 of character but then we stay bearish the entire time okay we 29 00:48:42,508 --> 00:48:45,268 when they get taken changes of character okay the first time 30 00:48:45,268 --> 00:48:48,228 right this is high high high low high but then we take out 31 00:48:36,828 --> 00:48:39,188 change or not just call them more bosses and then these 32 00:48:39,188 --> 00:48:42,508 small internal aggressive highs and lows right we'll call those 33 00:48:33,748 --> 00:48:36,828 These solid lines as bosses whether it's you know a trend 34 00:48:21,268 --> 00:48:23,228 here after a break of structure we look for a change of 35 00:48:31,188 --> 00:48:33,748 Please refer to all swing breaks of structure like this. 36 00:48:25,028 --> 00:48:28,308 and then boom we can get so on and so forth. So hopefully I've 37 00:48:28,308 --> 00:48:31,188 made that clear. It really doesn't need to be complicated. 38 00:48:23,228 --> 00:48:25,028 character to tell us when there's going to be a pull back 39 00:48:18,828 --> 00:48:21,268 try to use them at turning points okay like these areas 40 00:48:07,948 --> 00:48:10,588 back then we come up and then we change character again right 41 00:48:10,588 --> 00:48:14,828 we have that bearish change of character we come down right 42 00:48:14,828 --> 00:48:16,548 and then so on so you can see how there's changes of 43 00:48:16,548 --> 00:48:18,828 characters in a lot of random areas and that's why we just 44 00:48:05,108 --> 00:48:07,948 now we come in okay and then boom we're off then we pull 45 00:48:02,428 --> 00:48:05,108 then we take it now we have a bullish change of character and 46 00:47:51,108 --> 00:47:53,548 that point I would need to see this high go for there to be a 47 00:48:00,068 --> 00:48:02,428 need to see go for there to be a bullish change of character 48 00:47:53,548 --> 00:47:56,548 change of character but there isn't then we pull back then we 49 00:47:46,388 --> 00:47:51,108 right so now we get the pull back and then we the low so at 50 00:47:40,588 --> 00:47:43,388 wicks the prior candles low so it's all part of the down move 51 00:47:56,548 --> 00:48:00,068 come down so now we have that new internal high that it would 52 00:47:43,388 --> 00:47:46,388 this candle is the one that fails to break this candles low 53 00:47:08,148 --> 00:47:10,508 they're looking at kind of for the first time is that the 54 00:47:30,468 --> 00:47:33,388 back okay and then all of these candles break the prior candles 55 00:47:37,748 --> 00:47:40,588 these candles break the prior candles low you see how each 56 00:47:33,388 --> 00:47:37,748 high so that's all part of the up move likewise here all of 57 00:47:17,508 --> 00:47:20,828 these small pullbacks is you see on this move here all of 58 00:47:27,228 --> 00:47:30,468 take out this candles high so that is part of that small pull 59 00:47:23,948 --> 00:47:27,228 part of the up move now this bearish candle here it fails to 60 00:47:20,828 --> 00:47:23,948 these candles broke the prior candles high so that it's all 61 00:47:10,508 --> 00:47:13,628 color of the candle is irrelevant for whether price 62 00:47:13,628 --> 00:47:17,508 pulled back or not okay so how you want to basically look at 63 00:47:06,388 --> 00:47:08,148 give you because I know some people get this confused when 64 00:47:02,868 --> 00:47:06,388 and that's how we use it so one of the point little tip I can 65 00:46:57,948 --> 00:47:00,428 we have a bullish change of character right and that now 66 00:46:43,688 --> 00:46:46,628 so we move down and then we pull back up because this 67 00:47:00,428 --> 00:47:02,868 signals that we're going to probably get that pullback okay 68 00:46:55,108 --> 00:46:57,948 whatever you want to call it so now when price wicks that now 69 00:46:51,988 --> 00:46:55,108 our most recent you know aggressive high internal high 70 00:46:48,708 --> 00:46:51,988 pullback then we break the low which means that this is now 71 00:46:40,608 --> 00:46:43,168 zoom right in 72 00:46:37,888 --> 00:46:40,608 this candle here it fails to take out this candle's low I 73 00:46:46,628 --> 00:46:48,708 candle fails to break the candles low right so it's a 74 00:46:34,848 --> 00:46:37,888 lower low right then we pull back up because you see how 75 00:46:29,468 --> 00:46:34,848 clear. Price comes down we break the swing low to form a 76 00:46:15,948 --> 00:46:19,508 what happens you see how we we come down we have a very very 77 00:46:26,468 --> 00:46:29,468 here takes the low so again just want to make this very 78 00:46:19,508 --> 00:46:22,788 small pullback and then we pull down what does that mean well 79 00:46:22,788 --> 00:46:26,468 that means that we have a high here right because this high 80 00:46:11,308 --> 00:46:15,948 the downside right and then we break structure down here then 81 00:46:06,188 --> 00:46:08,588 come down and we take that that is a change of character and 82 00:45:54,848 --> 00:45:58,348 down and and wicks that low here that for me is exactly 83 00:45:58,348 --> 00:46:00,148 what I call a change of character right because it 84 00:46:08,588 --> 00:46:11,308 now you can see how we can then you know look for that move to 85 00:46:02,988 --> 00:46:06,188 it's between the swing high and the swing low right so when we 86 00:46:00,148 --> 00:46:02,988 takes out that internal low why is it an internal low because 87 00:45:51,448 --> 00:45:54,848 we pull back right and then we come up so when price comes 88 00:45:48,168 --> 00:45:51,448 that run there's a little pullback so we come up and then 89 00:45:45,448 --> 00:45:48,168 high and then we start to pull back okay but you see within 90 00:45:42,328 --> 00:45:45,448 right is all part of the up move and then this is the swing 91 00:45:37,808 --> 00:45:42,328 get but if we zoom in in this price section here all of this 92 00:45:32,648 --> 00:45:35,608 becomes my swing low and I need to see that logo for there to 93 00:45:35,608 --> 00:45:37,808 be a trend change okay which obviously we see we eventually 94 00:45:29,928 --> 00:45:32,648 took out that high it's this low down here okay so this 95 00:45:15,768 --> 00:45:18,248 we break the swing high right so that would be the break of 96 00:45:18,248 --> 00:45:21,408 structure to form a high high so let me draw the song super 97 00:45:21,408 --> 00:45:27,288 quickly okay so let's say that is our M15 break of structure 98 00:45:27,288 --> 00:45:29,928 so now we form a high height whereas the lowest point that 99 00:45:09,228 --> 00:45:15,768 opinion. Right this would be a swing pull back okay and then 100 00:45:05,468 --> 00:45:09,228 simple as your trading needs to be to be effective in my humble 101 00:44:58,428 --> 00:45:01,948 much basically anything that isn't swing structure from now 102 00:45:01,948 --> 00:45:05,468 on just refer to it as internal structure okay and that is as 103 00:44:52,348 --> 00:44:55,308 it's not with bar replay and again if you hear me kind of 104 00:44:50,068 --> 00:44:52,348 walk through and it's a bit of a a bit of a faster pace and 105 00:44:55,308 --> 00:44:58,428 talk about minor structure and substructure don't worry too 106 00:44:48,288 --> 00:44:50,068 in the next few videos we are going to do a bit more of a 107 00:44:38,248 --> 00:44:40,768 is until we have at least a 40 pit pullback on the four hour 108 00:44:46,128 --> 00:44:48,288 about it right. I'll leave it there. Hopefully enjoy it. Now 109 00:44:43,488 --> 00:44:46,128 the change of character stuff okay? Um I won't go anymore 110 00:44:40,768 --> 00:44:43,488 chart on Euro dollar. Also whereas you know and then do 111 00:44:34,888 --> 00:44:38,248 your box, mark it out. Okay? We do not know where the swing low 112 00:44:31,808 --> 00:44:34,888 point that broke this low after the low form. So you can draw 113 00:44:26,128 --> 00:44:28,688 and we continue the bearish trend. After we have a break of 114 00:44:28,688 --> 00:44:31,808 structure, where is our new swing high? It's the highest 115 00:44:23,728 --> 00:44:26,128 it. The candle closure confirms we've had a break of structure 116 00:44:21,488 --> 00:44:23,728 break of structure, wait for the candle closure to confirm 117 00:44:18,348 --> 00:44:21,488 yourself out loud like the way I have right When we get a 118 00:43:59,988 --> 00:44:01,988 kind of go on any other tangents and confusion anymore 119 00:43:40,208 --> 00:43:42,888 algorithm but as as you're continuously obviously trading 120 00:40:14,468 --> 00:40:16,528 essentially how I do it. Whenever prices doing in the 121 00:41:41,708 --> 00:41:44,468 eighty pips. So on and so forth. The key here and I I do 122 00:43:02,948 --> 00:43:07,428 as far as I'm aware this then becomes 100% mechanical okay 123 00:44:16,308 --> 00:44:18,348 nightmares about it every single night and talk to 124 00:38:11,188 --> 00:38:15,908 a little bit let's measure this okay not quite 40 pips okay 125 00:42:58,988 --> 00:43:02,948 for M15, I want to see at least 15 pips follow this process and 126 00:41:11,888 --> 00:41:14,688 so you don't get confused right take your time and just look at 127 00:43:34,208 --> 00:43:37,728 the nearest two years okay so that's why this isn't 128 00:43:17,108 --> 00:43:20,908 something like I am which is a pip rule volatility can change 129 00:43:24,808 --> 00:43:27,928 four hour chart eight years ago volatility might be higher or 130 00:42:50,208 --> 00:42:53,588 and the M15 for structure alright are my two main go-to 131 00:39:53,588 --> 00:39:56,548 a bullish chalk but I would need to see a candle closure to 132 00:41:09,488 --> 00:41:11,888 quickest I would recommend drawing the boss line as well 133 00:41:25,588 --> 00:41:27,868 swing structure. But what you need to then do is measure 134 00:42:47,648 --> 00:42:50,208 two main time frames I personally use are the 4 hour 135 00:41:37,508 --> 00:41:39,428 on bigger swings in price action right? You want to see 136 00:38:52,948 --> 00:38:56,028 structure. We have a can of closure below. So mechanically 137 00:43:27,928 --> 00:43:31,328 might be lower than it is currently okay so 40 pips back 138 00:42:44,448 --> 00:42:47,648 but I'm getting ahead of a bit ahead of myself here but the 139 00:42:05,628 --> 00:42:08,948 your strategy as mechanical as possible just to remove any you 140 00:43:13,508 --> 00:43:17,108 final caveat I would leave with you is that if you're using 141 00:39:08,948 --> 00:39:11,268 becomes our swing high. So now you can get your pretty little 142 00:39:33,048 --> 00:39:35,848 high and this is an example where it's in the exact same 143 00:41:07,088 --> 00:41:09,488 swing structure okay use the circle tool whatever is 144 00:41:44,468 --> 00:41:47,588 a big rant on this later in the lessons that you're going to 145 00:38:56,028 --> 00:38:58,948 where is our new swing high? It's the highest point that 146 00:42:42,408 --> 00:42:44,448 daily chart I like to use a little bit of discretion there 147 00:40:56,008 --> 00:40:58,688 take the four hour chart right zoom out do like a year or 148 00:41:27,868 --> 00:41:31,388 that. I go okay it's not quite 40 pips. So maybe your rule 149 00:38:37,048 --> 00:38:39,128 character now that doesn't mean that the fourhound cut have a 150 00:42:23,408 --> 00:42:26,408 full another full chart walk through just focusing on the 151 00:41:53,988 --> 00:41:56,628 madness so that's why when I tested it and I've got my 40 152 00:41:58,868 --> 00:42:02,668 mechanical and that's it and that's how you know hopefully 153 00:41:50,268 --> 00:41:53,988 trading is to be consistent. Okay bring your method to the 154 00:41:31,388 --> 00:41:34,988 needs to be 35 or 30. So on and so forth. Some of you may think 155 00:40:04,308 --> 00:40:06,668 that there, okay? So, that's twenty-seven pips. It's not a 156 00:40:48,168 --> 00:40:50,568 right you can you can plug that into an algorithm now with the 157 00:43:45,168 --> 00:43:47,608 you can adjust your rules but I know right now with with all of 158 00:38:20,328 --> 00:38:23,848 that yeah forty pips okay so get your pretty little circle 159 00:37:15,088 --> 00:37:17,728 it it's black and white but we don't yet know where the swing 160 00:38:58,948 --> 00:39:01,188 broke this low after it was formed. So if you're confused 161 00:44:07,628 --> 00:44:10,468 internal structure just watch it again and again and again 162 00:38:03,308 --> 00:38:06,188 swing low yet because we have not had a 40 pit pull back 163 00:37:52,108 --> 00:37:54,788 we have now taken out the internal low to form a lower 164 00:38:08,948 --> 00:38:11,188 candles low it's all part of the down move okay we pull back 165 00:37:57,948 --> 00:38:00,748 nearest internal lower high that I would need to see go 166 00:42:15,428 --> 00:42:17,788 so hopefully that makes sense you know drop a drop a comment 167 00:44:10,468 --> 00:44:14,068 and again until you have this mechanical method right it just 168 00:42:02,668 --> 00:42:05,628 you're learning here the ways in which you can you can make 169 00:42:56,388 --> 00:42:58,988 hour keep it mechanical I want to see at least 40 pips 170 00:37:36,808 --> 00:37:44,088 yet That might be 40 pips. Not quite yet. Okay, boom. Let me 171 00:40:27,168 --> 00:40:29,408 this video out here to go through it almost painfully 172 00:42:33,768 --> 00:42:36,168 but again don't worry about the time frame too much just yet 173 00:37:49,388 --> 00:37:52,108 mechanical as a robot that for me is not swing structure but 174 00:40:41,608 --> 00:40:45,528 but as far as I'm aware that is now 100% mechanical right the 175 00:40:23,128 --> 00:40:27,168 speak to myself every single day I just really wanted to put 176 00:38:47,628 --> 00:38:50,388 I'm just going to move this out the way. So this will be the 177 00:35:48,908 --> 00:35:51,808 entire time okay so let's go through this a little bit more 178 00:37:12,248 --> 00:37:15,088 mechanical certity there's no live or buts about it that is 179 00:38:31,048 --> 00:38:33,208 candles you can double check it if you put your candle on there 180 00:39:45,888 --> 00:39:48,788 in Wick broked it, Wick broke it, if it Wick breaked it, 181 00:36:17,288 --> 00:36:19,848 as soon as we get the counter closure what we can do is we 182 00:36:41,488 --> 00:36:44,328 internal lower high that I would need to see broken for 183 00:36:25,848 --> 00:36:28,568 the lowest form so that becomes here so now I can put my pretty 184 00:44:14,068 --> 00:44:16,308 absolutely printed into your mind until you're having 185 00:39:56,548 --> 00:39:59,148 say there's a true break of structure and to say that the 186 00:36:39,008 --> 00:36:41,488 truck line to where is the where is the most recent 187 00:36:56,888 --> 00:36:59,288 of these candles break the price low so that would be the 188 00:36:14,248 --> 00:36:17,288 really really slowly okay so now we had a break of structure 189 00:41:23,268 --> 00:41:25,588 for me that is a swing pullback. I I I see that as 190 00:38:41,208 --> 00:38:43,568 the change of character is not confirmed until that high goes 191 00:43:56,148 --> 00:43:58,188 long time for you to kind of gradually notice that so don't 192 00:35:07,528 --> 00:35:11,528 and I now know that this is my swing low so drag use one of 193 00:39:03,828 --> 00:39:06,628 broken. Drag the tool up. Okay where is the highest point? You 194 00:44:01,988 --> 00:44:05,588 than you need to be please if there's two videos right that 195 00:35:51,808 --> 00:35:53,888 quickly now and you can just see a bit more of an example 196 00:38:23,848 --> 00:38:26,608 out now you can mark your swing low now you can draw your line 197 00:39:35,848 --> 00:39:38,568 place as the internal swing high okay so sometimes they 198 00:38:15,908 --> 00:38:20,328 that's probably about 40 pips now okay boom right let's call 199 00:43:50,168 --> 00:43:53,948 pips for me works perfectly okay so I just stick to that it 200 00:37:54,788 --> 00:37:57,948 low so now we move this line down because this becomes our 201 00:38:35,168 --> 00:38:37,048 candles low so still we have not had a bullish change of 202 00:43:58,188 --> 00:43:59,988 worry too much but yeah I'll leave that there before I 203 00:38:26,608 --> 00:38:31,048 there right now here's we have to be careful but all of these 204 00:42:26,408 --> 00:42:28,648 four hour chart for me I will put this below the video but 205 00:41:14,688 --> 00:41:17,528 what to you with your naked eye looks like a significant 206 00:42:53,588 --> 00:42:56,388 time frames I have them on my charts all the time so for four 207 00:43:37,728 --> 00:43:40,208 necessarily something I would build into you know an EA or an 208 00:43:20,908 --> 00:43:24,808 on a currency over time okay so if you potentially back test a 209 00:42:39,088 --> 00:42:42,408 90 pips but as you'll see I'm a little bit more loose with the 210 00:37:44,088 --> 00:37:49,388 just double check that. Okay 38. 4 pips I'm going to be as 211 00:41:39,428 --> 00:41:41,708 something really prominent. So your rule might be 60 pips or 212 00:43:53,948 --> 00:43:56,148 it's not going to change that much okay over time it takes a 213 00:35:23,708 --> 00:35:26,068 price does not come up and close above this high right it 214 00:43:10,188 --> 00:43:13,508 find out what pip rule makes sense to you now the final 215 00:43:47,608 --> 00:43:50,168 the recent data that I have in the last year to two years 40 216 00:37:29,928 --> 00:37:33,048 line that I would need to see go right before I would know 217 00:44:05,588 --> 00:44:07,628 you need to master it's this one and the one before it 218 00:40:53,848 --> 00:40:56,008 start out because what you will need to do is you will need to 219 00:43:42,888 --> 00:43:45,168 everyday you're going to notice the volatility changes and then 220 00:40:16,528 --> 00:40:18,408 live market you can see how it doesn't breach the high and 221 00:42:36,168 --> 00:42:39,088 we'll get into this and the daily chart generally more than 222 00:43:07,428 --> 00:43:10,188 but just do that test first with your swing structure to 223 00:42:20,668 --> 00:42:23,408 start now with just your dollar you'll see we do a full walk 224 00:40:18,408 --> 00:40:20,928 then we can continue down so on and so forth and you can keep 225 00:41:19,568 --> 00:41:23,268 actually of circuits you don't want to buy. You actually know 226 00:36:28,568 --> 00:36:32,848 little circle on my swing high right this becomes the highest 227 00:40:08,988 --> 00:40:11,828 okay? So, now we can cement. Okay, this is my swing though. 228 00:40:11,828 --> 00:40:14,468 Put your pretty soak on. So on and so forth, right? And that's 229 00:42:28,648 --> 00:42:30,768 for me at the moment I currently like to see at least 230 00:42:12,988 --> 00:42:15,428 any doubts do you know what I mean if if you're not sure okay 231 00:40:29,408 --> 00:40:33,968 slowly and tell you well based on the last video and based on 232 00:42:08,948 --> 00:42:12,988 know you know if if any what's the word I'm looking for any 233 00:39:48,788 --> 00:39:51,228 whatever the English phrase is, if it if if price came up here 234 00:42:30,768 --> 00:42:33,768 40 pips on the four hour chart at least 15 pips on the M-15, 235 00:41:47,588 --> 00:41:50,268 going to listen to and I'm sure you'll enjoy is the key with 236 00:40:06,668 --> 00:40:08,988 swing pullback yet. That probably is a swing pullback, 237 00:40:33,968 --> 00:40:38,208 this video you should as as far as I'm personally aware maybe 238 00:41:17,528 --> 00:41:19,568 pullback because some of you you might think well no 239 00:38:43,568 --> 00:38:47,628 okay okay boom now we have a candle closure below here So 240 00:42:17,788 --> 00:42:20,668 below if if you have any questions or anything but yeah 241 00:41:56,628 --> 00:41:58,868 pit rule in there now I just try to stick to that it's just 242 00:36:04,088 --> 00:36:07,848 is I'll just move this swing low on that way we'll use that 243 00:40:01,628 --> 00:40:04,308 much in the same place. I appreciate well, we just do 244 00:41:01,448 --> 00:41:04,288 don't worry about doing all your changes of character and 245 00:40:58,688 --> 00:41:01,448 two's worth of price action and just with the naked eye right 246 00:39:26,648 --> 00:39:30,408 then the four hour chart becomes bullish okay now where 247 00:39:22,168 --> 00:39:24,368 smaller range okay because this becomes our new swing high 248 00:41:34,988 --> 00:41:37,508 well that's not that big of a pullback. You may want to focus 249 00:39:41,408 --> 00:39:45,888 price was to come up and if it was to to break this level okay 250 00:34:49,868 --> 00:34:51,868 an instance where we have not had a bullish change of 251 00:40:50,568 --> 00:40:53,848 swing structure it's discretionary when you first 252 00:40:38,208 --> 00:40:41,608 you guys will point out any holes in my in my in my method 253 00:40:45,528 --> 00:40:48,168 internal structure there's no if buts if buts maybes about it 254 00:33:56,948 --> 00:34:00,548 in this case it stays the same simple okay so now we have a 255 00:41:04,288 --> 00:41:07,088 stuff right the the internal structure just focus on the 256 00:38:33,208 --> 00:38:35,168 and read all this but all of these candles break the prior 257 00:39:16,968 --> 00:39:19,528 to get out there that's our new swing high okay so now we can 258 00:39:19,528 --> 00:39:22,168 bring this and we now know we're playing within this much 259 00:39:38,568 --> 00:39:41,408 will overlap they will be the same thing so right now if 260 00:36:44,328 --> 00:36:46,728 there to be a bullish chalk it's this high here okay 261 00:34:04,108 --> 00:34:06,528 pullback a time frame so we expect before our pullback now 262 00:39:24,368 --> 00:39:26,648 right so if price was to break up and close above that high 263 00:38:39,128 --> 00:38:41,208 decent pullback it's just telling you that the you know 264 00:39:51,228 --> 00:39:53,588 and just wicked it, that would be enough for me to see there's 265 00:37:01,888 --> 00:37:05,928 to switch bullish so that becomes my chock line right 266 00:37:22,888 --> 00:37:25,048 we expect the pull back on this time frame how can we 267 00:40:20,928 --> 00:40:23,128 following that process so that's how I do it that's how I 268 00:34:32,128 --> 00:34:36,908 need to see go for there to be bullish change of character but 269 00:39:06,628 --> 00:39:08,948 see how it's not here? It's this point here. So this point 270 00:36:49,728 --> 00:36:53,528 the high you can see the movement there right price 271 00:33:36,108 --> 00:33:38,788 and then we come down and close and now we're bearish where 272 00:37:33,048 --> 00:37:36,808 that okay so let's have a look is this 40 pip **** not quite 273 00:39:11,268 --> 00:39:16,968 circle. Alright the highlighter ten highlighter pen tool trying 274 00:39:59,148 --> 00:40:01,628 swing trend has has switched bullish, okay? So, it's pretty 275 00:37:10,208 --> 00:37:12,248 of character that's my swing high we know those with the 276 00:33:54,308 --> 00:33:56,948 straight away you can now define where your swing high is 277 00:36:19,848 --> 00:36:22,608 can mark out with mechanical certity where our swing high is 278 00:36:59,288 --> 00:37:01,888 high that I would need to see go for the internal structure 279 00:34:12,528 --> 00:34:16,688 kick in okay so what can we use to help us potentially signal 280 00:33:33,628 --> 00:33:36,108 it's just a big alright it was never a true break of structure 281 00:38:00,748 --> 00:38:03,308 right to get that bullish chalk okay but we have not had a 282 00:37:17,728 --> 00:37:20,728 low is until what until we get a 40 pit pull back so we had a 283 00:34:58,948 --> 00:35:01,468 the rule that I have put in place in my plan that the 284 00:34:36,908 --> 00:34:40,348 remember for a swing to to know where the swing low is what do 285 00:34:55,428 --> 00:34:58,948 mark with you know 100% mechanical certainty because of 286 00:36:22,608 --> 00:36:25,848 our swing high is the highest point that broke this low after 287 00:36:53,528 --> 00:36:56,888 comes down it moves up it comes down it moves up and then all 288 00:37:05,928 --> 00:37:10,208 okay change of character so we're bearish that's my change 289 00:33:38,788 --> 00:33:41,588 would the swing high would be in that instance right you 290 00:36:12,208 --> 00:36:14,248 quickly but hopefully you guys can follow now after me going 291 00:36:07,848 --> 00:36:10,568 in a second so I'll delete this one we'll put this as a break 292 00:35:17,768 --> 00:35:23,708 paying within the swing range here so now you know as long as 293 00:34:19,328 --> 00:34:21,568 character we wait for that internal structure to switch 294 00:36:35,688 --> 00:36:39,008 right this becomes the swing high now where do I move the 295 00:36:00,488 --> 00:36:04,088 now we have a candle closure okay so what will happen then 296 00:35:01,468 --> 00:35:04,488 moment we get that 40 pit pull back in a right when we get the 297 00:38:50,388 --> 00:38:52,948 last example just so you guys get it. That's the break of 298 00:34:00,548 --> 00:34:04,108 four hour break of structure what do we expect we expect a 299 00:31:31,188 --> 00:31:33,668 candle and remember it's key you have to wait for the candle 300 00:35:46,308 --> 00:35:48,908 and then come down the swing trend has been bearish the 301 00:32:42,668 --> 00:32:45,388 broke it so use the box rule if it helps draw your box from 302 00:34:26,128 --> 00:34:28,808 move right all the way from here that's all bearish right 303 00:38:06,188 --> 00:38:08,948 alright let's keep going all those candles break the prior 304 00:36:46,728 --> 00:36:49,728 because if you look back that's the last candle right this is 305 00:39:30,408 --> 00:39:33,048 is our change of character line where is the nearest internal 306 00:39:01,188 --> 00:39:03,828 use the box. Draw it from the swing low over to where it was 307 00:36:32,848 --> 00:36:35,688 point that broke the low so now we can move this line down 308 00:33:52,148 --> 00:33:54,308 now the moment we get that kind of closure below the low 309 00:37:20,728 --> 00:37:22,888 break of structure what do we expect after break of structure 310 00:35:53,888 --> 00:35:57,568 and then we'll leave it there okay so let's see what happens 311 00:35:42,188 --> 00:35:44,228 close above the high right it could spike it like that if it 312 00:33:15,088 --> 00:33:17,448 a little bit more complex some things can be confusing is when 313 00:43:31,328 --> 00:43:34,208 then might not make as much sense as it does you know in 314 00:35:11,528 --> 00:35:14,568 your lines right and map it out so now what you can do and this 315 00:31:27,448 --> 00:31:31,188 high low is going to form here and stay intact okay boom next 316 00:37:25,048 --> 00:37:27,728 anticipate when that pullback is going to start we can look 317 00:33:30,208 --> 00:33:33,628 right so imagine this is just a big this is just a big wick 318 00:36:10,568 --> 00:36:12,208 of structure okay so I'm going to try and do this 319 00:35:29,308 --> 00:35:32,788 it can break the internal lower high to make an internal high 320 00:34:06,528 --> 00:34:08,288 it doesn't have to happen straight away price could 321 00:31:33,668 --> 00:31:36,428 closure wait for it to close because what can happen is 322 00:35:26,068 --> 00:35:29,308 can do anything at once right in terms of it can come up here 323 00:37:27,728 --> 00:37:29,928 for a bullish change of character and that would be the 324 00:29:59,688 --> 00:30:02,328 just ranging do we break that high don't believe we do yeah 325 00:32:49,308 --> 00:32:53,228 just drag it upwards okay so from where the low formed to 326 00:33:12,368 --> 00:33:15,088 after it formed but sometimes what can happen right and it is 327 00:34:28,808 --> 00:34:32,128 so that is our most recent internal high that we would 328 00:33:41,588 --> 00:33:43,748 would have to adjust it and this would be the new swing 329 00:35:39,788 --> 00:35:42,188 right it can come all the way up here as long as it doesn't 330 00:34:46,668 --> 00:34:49,868 how big is that let's see okay that's over 40 pips so this is 331 00:35:32,788 --> 00:35:35,948 high so that would be a bullish change of character right it 332 00:34:51,868 --> 00:34:55,428 character but we have had a 40-pit pullback so I can now 333 00:35:44,228 --> 00:35:46,308 wants or whatever as long as it doesn't close above the high 334 00:34:10,528 --> 00:34:12,528 of the minds that potentially before our pullback is going to 335 00:34:40,348 --> 00:34:43,148 I need to wait for and I want to wait for a 40 pit pull back 336 00:32:56,028 --> 00:32:59,508 point in this grey box becomes your swing high so in this 337 00:35:04,488 --> 00:35:07,528 40 pip bullish pullback I can draw my pretty little circle 338 00:34:24,128 --> 00:34:26,128 candles break the prior candles low it's all part of the down 339 00:35:35,948 --> 00:35:39,788 can do that up here that's fine but the swing trend is bearish 340 00:33:27,168 --> 00:33:30,208 just spiked it we come back down and then this happens 341 00:34:43,148 --> 00:34:46,668 on the 4 hour chart on your dollar so just make sure right 342 00:34:21,568 --> 00:34:24,128 bullish so let's play price forward see how all of these 343 00:33:19,648 --> 00:33:21,808 could have spiked that high when we're still bullish and 344 00:30:57,888 --> 00:31:01,088 we're taking out this low this this bearish internal low where 345 00:32:14,968 --> 00:32:19,648 bearish okay so what the remember what I said the moment 346 00:32:35,508 --> 00:32:39,548 high it is the highest point after the low forms that was 347 00:31:54,468 --> 00:31:58,748 this now here it's going to change this to a break of 348 00:32:19,648 --> 00:32:23,368 we get that candle closure below a swing low or high right 349 00:32:08,128 --> 00:32:11,648 at okay so now we've had a bearish break of structure a 350 00:35:57,568 --> 00:36:00,488 nothing's happening we're just ranging just ranging okay boom 351 00:32:45,388 --> 00:32:49,308 where the low was right to where it was broken and then 352 00:32:23,368 --> 00:32:26,208 a swing break of structure the very very minute that this 353 00:31:41,588 --> 00:31:44,108 that means the trend stay bullish you have to wait for 354 00:33:10,008 --> 00:33:12,368 was the highest point right that went on to break the low 355 00:31:19,288 --> 00:31:21,808 need to see this high go for the bearish internal structure 356 00:30:15,328 --> 00:30:17,408 top bit here right use this to your advantage where it tells 357 00:33:48,588 --> 00:33:52,148 the video just to explain that okay so hopefully you can see 358 00:33:17,448 --> 00:33:19,648 this price actually happen is price could have moved up it 359 00:30:33,788 --> 00:30:36,748 micro pip short of of breaking it right so we never breach the 360 00:30:55,308 --> 00:30:57,888 still bearish because we never took out that high but now 361 00:34:16,688 --> 00:34:19,328 that pull back starting well we wait for a bullish change of 362 00:35:14,568 --> 00:35:17,768 is just really really useful right is go okay now we're 363 00:31:08,128 --> 00:31:10,288 like to be a bit more aggressive and I always want to 364 00:33:06,008 --> 00:33:10,008 instance the swing high stays in the same place because that 365 00:32:59,508 --> 00:33:06,008 instance when we had the trend change excuse me in this 366 00:34:08,288 --> 00:34:10,528 literally tank for ages but we just have to have in the back 367 00:33:43,748 --> 00:33:48,588 high okay I'll put an example below in the in the notes below 368 00:31:48,548 --> 00:31:51,388 want to do it the same way as me this is the way I do it okay 369 00:32:04,368 --> 00:32:06,168 you do this with all your labels and your words in it 370 00:30:09,768 --> 00:30:11,808 right if you're not sure is if you put your mouse on the 371 00:32:53,228 --> 00:32:56,028 where it was broken and then drag it upwards the highest 372 00:32:30,448 --> 00:32:35,508 certainty define where my swing high is okay where is my swing 373 00:30:52,428 --> 00:30:55,308 in a four hour chart but the bearish internal structure is 374 00:32:39,548 --> 00:32:42,668 broken so after this low formed where is the highest point that 375 00:32:26,208 --> 00:32:30,448 candle closes straight away I can now mechanically 100% 376 00:29:40,628 --> 00:29:42,868 right now you'd be sitting on your hands and you'd be waiting 377 00:33:21,808 --> 00:33:24,808 close back below so that means we would never would have had a 378 00:31:10,288 --> 00:31:12,128 remember I always hit the nearest inside bar me 379 00:31:24,288 --> 00:31:27,448 character that bullish chalk to confirm potentially that the 380 00:32:06,168 --> 00:32:08,128 because it will just help you to keep track of where you're 381 00:31:58,748 --> 00:32:02,048 structure put it in the so we know exactly what we're looking 382 00:31:51,388 --> 00:31:54,468 boom now we have a candle closure so what that means is 383 00:32:11,648 --> 00:32:14,968 four hour chart for me now the four hour trend is confirmed 384 00:31:12,128 --> 00:31:14,328 personally I like to be more aggressive with it okay but you 385 00:31:05,408 --> 00:31:08,128 you want right if you if you just adjust it across but I 386 00:30:36,748 --> 00:30:39,388 high now if these were exactly the same right they were both 387 00:30:49,348 --> 00:30:52,428 now we have not broken the four hour low so we're still bullish 388 00:31:21,808 --> 00:31:24,288 to switch bullish to give us that internal change of 389 00:33:24,808 --> 00:33:27,168 break of structure right if we didn't close above the high we 390 00:31:14,328 --> 00:31:16,328 might want to use the kind of more obvious height if you want 391 00:31:36,428 --> 00:31:38,788 price can wick down aggressively right and then it 392 00:31:44,108 --> 00:31:46,748 that candle closure on the swing trend if you do it the 393 00:30:07,408 --> 00:30:09,768 call it it has to break it by one micropip so what you can do 394 00:30:17,408 --> 00:30:19,928 you the high the low the close of the candle so again put your 395 00:31:38,788 --> 00:31:41,588 can wick back up and it can close back above and the and 396 00:30:45,988 --> 00:30:49,348 trades high at this point we keep going we keep going and 397 00:32:02,048 --> 00:32:04,368 at right and I really recommend when you're starting out you 398 00:29:54,268 --> 00:29:56,068 signal you don't have to wait for that but that's just 399 00:30:39,388 --> 00:30:43,468 513 again it's still not a break of the high right and 400 00:31:16,328 --> 00:31:19,288 to but this is the way I do it okay so now this point I would 401 00:29:10,328 --> 00:29:13,128 just always have your nearest change of character line on 402 00:29:52,028 --> 00:29:54,268 then we can look to target at high right it's just a little 403 00:30:22,648 --> 00:30:29,468 it says is 1. 1 8 513 okay 51 3 that's the high if we go to 404 00:30:43,468 --> 00:30:45,988 needs to break it by at least one micropip okay so never 405 00:29:42,868 --> 00:29:47,068 for this dotted line to break okay so if price was to do that 406 00:29:38,628 --> 00:29:40,628 going to hold you just want a little bit more confirmation 407 00:31:46,748 --> 00:31:48,548 same way as me right you don't have to do it but if you 408 00:30:02,328 --> 00:30:04,608 we trade as high as it but it price from a bit it needs to 409 00:29:17,608 --> 00:29:21,168 moment this is the nearest internal high in the bearish 410 00:31:01,088 --> 00:31:05,408 is our nearest internal high right you can take this one if 411 00:29:21,168 --> 00:29:23,208 internal structure because we had a movement down all those 412 00:29:31,628 --> 00:29:34,148 we've pulled back right so this is the current internal 413 00:29:28,208 --> 00:29:31,628 candles right see how they all broke the price low and then 414 00:29:56,068 --> 00:29:59,688 basically the way that we use the concept okay so price is 415 00:29:25,608 --> 00:29:28,208 right so this is part of the pullback and then all of these 416 00:29:47,068 --> 00:29:49,548 that potentially confirm that the four hour high low is in 417 00:30:04,608 --> 00:30:07,408 break it even if it's one micropip per pet whatever you 418 00:30:29,468 --> 00:30:33,788 here what is the high of this candle 512 okay so that is a 419 00:30:11,808 --> 00:30:15,328 candle so here and then bring your eyes up to here this this 420 00:29:36,348 --> 00:29:38,628 a bullish change of character to confirm that this level's 421 00:29:23,208 --> 00:29:25,608 candles but the prior candles low then they fail to do so 422 00:28:50,528 --> 00:28:52,968 bearish internal structure now if the four hour chart is 423 00:29:13,128 --> 00:29:15,408 just because it helps you to know what you're waiting for so 424 00:28:47,648 --> 00:28:50,528 little break of structure right so now what happens we stay 425 00:28:44,608 --> 00:28:47,648 charts nice and clear and also I don't care about every single 426 00:28:55,448 --> 00:28:57,608 low to hold the swing low because it took out the high 427 00:30:19,928 --> 00:30:22,648 mouse on the candle look up there what does it say the high 428 00:28:35,208 --> 00:28:37,528 this is the point where I'm not going to label this I only 429 00:29:05,648 --> 00:29:07,928 so what can we wait for we can wait for a bullish change of 430 00:29:49,548 --> 00:29:52,028 place potentially and the swing trend is going to continue and 431 00:28:25,168 --> 00:28:27,248 you know it just becomes a little bit of a compliment on 432 00:29:15,408 --> 00:29:17,608 this would be it okay because this is the nearest at the 433 00:28:57,608 --> 00:28:59,848 right so that would be the expectation right so we can 434 00:29:03,608 --> 00:29:05,648 this is where I would be looking for a high low to form 435 00:28:40,168 --> 00:28:42,208 we stay bearish with the internal structure I'm not 436 00:28:59,848 --> 00:29:01,648 look to get long here right there's a demand zone here I 437 00:29:01,648 --> 00:29:03,608 won't draw on just don't need to worry about it right now but 438 00:29:07,928 --> 00:29:10,328 character right now for some of you it might be easier if you 439 00:28:42,208 --> 00:28:44,608 going to draw anything on okay because you want to keep the 440 00:28:09,228 --> 00:28:11,948 character as as you go to the course when we come into decent 441 00:28:11,948 --> 00:28:14,308 levels of value so imagine there's a nice supply zone here 442 00:28:52,968 --> 00:28:55,448 going to stay bullish what do we expect we expect this strong 443 00:29:34,148 --> 00:29:36,348 structure range we're playing within so if you're waiting for 444 00:28:37,528 --> 00:28:40,168 concentrate or only draw on structure when it shifts but if 445 00:28:27,248 --> 00:28:29,608 its own but yeah I don't want to confuse you guys too 446 00:27:53,508 --> 00:27:55,708 now that the high low is in place and we could be ready to 447 00:28:32,248 --> 00:28:35,208 internal structure we stay bearish right we continue so 448 00:27:55,708 --> 00:27:58,068 go for the high again it is a good signal but I just want you 449 00:28:22,388 --> 00:28:25,168 but it still doesn't mean that can't come down so this is why 450 00:27:50,588 --> 00:27:53,508 did have a bullish change of character there that can signal 451 00:28:29,608 --> 00:28:32,248 much at this stage okay so let's see what happens with the 452 00:28:17,068 --> 00:28:19,868 signify this level and I'll be looking for price to come down 453 00:28:14,308 --> 00:28:17,068 all I'm waiting for is that bearish shift in structure to 454 00:28:19,868 --> 00:28:22,388 okay so we could you know potentially switch bullish here 455 00:27:43,768 --> 00:27:45,848 the internal structure head switch bearish. It's had a 456 00:27:38,488 --> 00:27:41,008 the nearest high go. It would be this inside bar. Remember, I 457 00:28:06,948 --> 00:28:09,228 so this is why I only pay attention to change of 458 00:28:01,908 --> 00:28:04,308 that you know that we're just going to go we can like price 459 00:27:45,848 --> 00:27:47,848 little bit of pull back but it's still bearish but the 460 00:27:41,008 --> 00:27:43,768 always take the nearest inside bar if there is one. Okay, so 461 00:27:58,068 --> 00:27:59,868 to be aware and I really want to make this point clear 462 00:28:04,308 --> 00:28:06,948 can be quite complex and you can have this complex pullbacks 463 00:27:47,848 --> 00:27:50,588 point I want to drive home here is that let's say that price 464 00:27:36,448 --> 00:27:38,488 character, what would we need to see? We would need to see 465 00:27:59,868 --> 00:28:01,908 now is that it doesn't necessarily mean that we get 466 00:27:31,408 --> 00:27:33,688 right? All those counters break the price counters low and they 467 00:27:29,368 --> 00:27:31,408 change of character here and price continues to move down, 468 00:27:33,688 --> 00:27:36,448 pull back. Remember that for there to be a bullish change of 469 00:26:39,208 --> 00:26:43,368 this so now I can draw my pretty little circle on my high 470 00:27:13,188 --> 00:27:18,428 structure now one point I kind of want to drive home is 471 00:27:24,808 --> 00:27:26,768 It's just that first little sign of internal structure 472 00:27:20,848 --> 00:27:22,648 that pull back. You need to remember that change of 473 00:26:57,748 --> 00:26:59,828 useful if you want to do do this in live market and and 474 00:27:09,268 --> 00:27:11,308 probably recognize this price section because we we looked at 475 00:26:59,828 --> 00:27:03,148 when you're you know practicing this now becomes your four 476 00:27:26,768 --> 00:27:29,368 shifting. So, at the moment, right, when we get that bearish 477 00:27:06,588 --> 00:27:09,268 anticipate a pullback and let's see what happens now you 478 00:27:18,428 --> 00:27:20,848 you could now we've had change of character and we can have 479 00:26:50,388 --> 00:26:52,828 bullish because this is the swing low so now that I've put 480 00:27:22,648 --> 00:27:24,808 character is extremely extremely aggressive, right? 481 00:27:11,308 --> 00:27:13,188 this when we looked at the previous video in the internal 482 00:26:55,108 --> 00:26:57,748 back what I can do right just to help you this is really 483 00:26:46,808 --> 00:26:50,388 now had a bearish change of character okay but still 484 00:27:03,148 --> 00:27:06,588 hours swing high right boom okay now we can potentially 485 00:26:36,448 --> 00:26:39,208 so I know it's really pathetic but trust me you you will need 486 00:26:20,808 --> 00:26:23,168 right so going to be super mechanical whoops I didn't mark 487 00:26:27,448 --> 00:26:30,248 movement so let's try and be 100% mechanical right that for 488 00:26:30,248 --> 00:26:33,048 me now means we have had a swing pullback because it's 489 00:26:14,048 --> 00:26:16,768 right now let's also measure from the high down to the low 490 00:26:52,828 --> 00:26:55,108 my pretty little circuit on because we've had a 40 pit pull 491 00:26:23,168 --> 00:26:27,448 it properly there we go let's see okay that's a 43. 7 pip 492 00:25:48,208 --> 00:25:50,288 swing high is okay and the internal structure has stayed 493 00:26:43,368 --> 00:26:46,808 to tell me that that is now a swing high right we have also 494 00:26:10,768 --> 00:26:14,048 reversal right we never know but the trend is still bullish 495 00:25:54,288 --> 00:25:56,448 bar inside bar so it's getting a little messy now we have 496 00:26:33,048 --> 00:26:36,448 more than 40 pips on the four hour chart on Euro dollar okay 497 00:25:50,288 --> 00:25:54,288 bullish the entire time so let's keep going okay inside 498 00:26:02,008 --> 00:26:04,448 that the internal structure has now shifted bearish and 499 00:25:38,908 --> 00:25:41,268 high now again just double check that there wasn't a forty 500 00:26:16,768 --> 00:26:20,808 how we had forty movement yet okay almost pretty much there 501 00:26:08,128 --> 00:26:10,768 four hour pull back at least right or it could turn into 502 00:25:23,748 --> 00:25:26,188 still our recent internal low and we have clearly not had a 503 00:25:56,448 --> 00:25:59,008 weights that low okay so now we have had a bearish change of 504 00:25:46,248 --> 00:25:48,208 low is still down here and we still don't know where the 505 00:25:26,188 --> 00:25:29,428 40pit pull back right okay boom so now what happen in that one 506 00:25:41,268 --> 00:25:46,248 pit pull clearly wasn't right that was 18 pips okay so swing 507 00:26:04,448 --> 00:26:08,128 potentially signaled that we may now be having at least a 508 00:25:59,008 --> 00:26:02,008 character so it's the first time right this entire time 509 00:25:17,948 --> 00:25:21,188 that one okay now we've had a a bit of a pullback right minor 510 00:25:15,428 --> 00:25:17,948 candle breaks the prior candles high so does that one so does 511 00:25:36,308 --> 00:25:38,908 is the nearest low that took that high out that internal 512 00:25:21,188 --> 00:25:23,748 pull back but there's nothing to do yet okay because this is 513 00:25:29,428 --> 00:25:33,308 candle we pull back right and then we took the high so now my 514 00:25:07,728 --> 00:25:10,048 your swing low you know that this is your your nearest 515 00:25:33,308 --> 00:25:36,308 most recent internal low becomes this one because this 516 00:25:10,048 --> 00:25:12,708 internal low right so right now the swing is bullish and the 517 00:25:12,708 --> 00:25:15,428 internal structure is bullish so let's keep going okay that 518 00:25:05,728 --> 00:25:07,728 you know what range you're playing within you know this is 519 00:25:03,328 --> 00:25:05,728 when I'm in bullish and then you know exactly where you are 520 00:25:00,408 --> 00:25:03,328 like a dash line where your nearest internal low is right 521 00:24:58,168 --> 00:25:00,408 and you could probably always leave you know if you want is 522 00:24:55,928 --> 00:24:58,168 horizontal line like this this can really help me starting out 523 00:24:53,528 --> 00:24:55,928 is always have your swing low marked out right you use a 524 00:24:50,168 --> 00:24:53,528 market whatever current wherever current price action 525 00:24:44,848 --> 00:24:47,848 target that week high okay so this is how I would have it 526 00:24:47,848 --> 00:24:50,168 mapped out right and this is what you can do in a live 527 00:24:41,508 --> 00:24:44,848 higher low is in place and now we can look to get long to 528 00:24:39,188 --> 00:24:41,508 would now signal to me that potentially the four hour 529 00:24:34,348 --> 00:24:36,828 so we would then get a bullish change of character right 530 00:24:27,508 --> 00:24:30,388 have a four hour pullback and then what I would wait for is 531 00:24:25,228 --> 00:24:27,508 what that would signal to me is that potentially we're going to 532 00:24:07,668 --> 00:24:11,108 not yet had a 40 pit pull back so there is no significant 533 00:24:30,388 --> 00:24:34,348 for that 4 hour internal lower high to be broken to the upside 534 00:24:22,428 --> 00:24:25,228 for me would be a bearish 4 hour change of character and 535 00:24:18,348 --> 00:24:22,428 was to come down right like this and and wick that low that 536 00:24:36,828 --> 00:24:39,188 remember the swing trend is bullish the whole time that 537 00:24:04,988 --> 00:24:07,668 my swing low we've gone on to make a high high but we have 538 00:24:14,628 --> 00:24:18,348 pullback we've had an internal pullback right so now if price 539 00:24:11,108 --> 00:24:14,628 swing pull back just yet okay but we have had a minor 540 00:23:57,828 --> 00:24:02,068 move so this is our most recent internal low okay so hopefully 541 00:24:02,068 --> 00:24:04,988 it's now making sense of what how how we map this so this is 542 00:23:53,828 --> 00:23:55,788 it took out the high right and we look back all of these 543 00:23:55,788 --> 00:23:57,828 candles broke the prior candles high that's all part of the up 544 00:23:51,828 --> 00:23:53,828 nearest low right obviously it's a significant low because 545 00:23:45,908 --> 00:23:48,708 wick at least a wick for there to be a bearish change of 546 00:23:48,708 --> 00:23:51,828 character it would be this low here okay because this is the 547 00:23:38,388 --> 00:23:42,308 looking at change of character where is your most recent 548 00:23:42,308 --> 00:23:45,908 internal low that you would need to see be broken with a 549 00:23:29,388 --> 00:23:32,468 now we've taken out this high so but that wasn't a 40 pit 550 00:23:34,868 --> 00:23:38,388 internal pullback okay so what that means is if you're also 551 00:23:32,468 --> 00:23:34,868 pullback so that to me is not a swing pull back that is just an 552 00:23:23,828 --> 00:23:26,788 see this is what we're doing right we've only pulled back 23 553 00:23:20,268 --> 00:23:23,828 yet let me measure this pull back let me see just quickly 554 00:23:26,788 --> 00:23:29,388 pips that's not significant for me for the four hour chart okay 555 00:23:17,428 --> 00:23:20,268 high it's all part of the up move right nothing's happened 556 00:23:15,308 --> 00:23:17,428 because what all of these candles broke the prior candles 557 00:23:09,628 --> 00:23:12,788 made a high high but all I'm doing now is waiting for a 40 558 00:23:12,788 --> 00:23:15,308 pit pull back right we haven't even had a change of character 559 00:23:07,628 --> 00:23:09,628 you can see it that's my current swing low we've now 560 00:23:03,308 --> 00:23:07,628 it to the bottom put it to the right okay little bit bigger so 561 00:22:58,088 --> 00:23:03,308 pull back so I can mark this out as my as my swing low put 562 00:22:50,848 --> 00:22:54,568 a high high but I cannot mark out with confidence where my 563 00:22:54,568 --> 00:22:58,088 actual swing high is until we get what until we get a 40pit 564 00:22:37,708 --> 00:22:40,148 I can help you guys out with that okay so this point here 565 00:22:47,968 --> 00:22:50,848 is our swing low no matter what and we have now gone on to make 566 00:22:44,968 --> 00:22:47,968 so you can see how there's no if buts and hips about it that 567 00:22:40,148 --> 00:22:44,968 becomes our new swing low right boom that's our swing low okay 568 00:22:31,788 --> 00:22:34,308 right and somewhere within that grey box wherever the lowest 569 00:22:34,308 --> 00:22:37,708 point is that is now your swing low okay that's the easiest way 570 00:22:28,788 --> 00:22:31,788 structure and then just drag it down as far as you need to go 571 00:22:25,628 --> 00:22:28,788 high is right and then draw it across to where price broke 572 00:22:23,348 --> 00:22:25,628 complex what you can do is you can draw a box from where the 573 00:22:21,468 --> 00:22:23,348 sometimes it's easy in this case sometimes a bit more 574 00:22:18,388 --> 00:22:21,468 formed so again if this is this will help you right because 575 00:22:15,748 --> 00:22:18,388 or it's the lowest point that took this high out after it 576 00:22:12,688 --> 00:22:15,748 candle has closed above it where is my current swing low 577 00:22:08,368 --> 00:22:12,688 structure right soon as the candles for you right now the 578 00:22:04,728 --> 00:22:08,368 pull back now when we got this here this break of four hour 579 00:22:02,648 --> 00:22:04,728 do this so you can see exactly what I'm talking about right we 580 00:21:53,648 --> 00:21:56,128 remember I want to see at least the 40 pip pull back so that 581 00:21:59,168 --> 00:22:02,648 was a swing pullback right so let me mark out just going to 582 00:21:56,128 --> 00:21:59,168 tells me okay it's a mechanical way of defining that yes this 583 00:21:51,168 --> 00:21:53,648 that will give me that says it was fifty-one pips okay so 584 00:21:44,748 --> 00:21:48,088 the highs the way doing this is I'm holding shift and clicking 585 00:21:41,468 --> 00:21:44,748 care about what I do is I mark out right you can measure it 586 00:21:48,088 --> 00:21:51,168 and then it will bring you you can measure it in pips okay and 587 00:21:39,188 --> 00:21:41,468 minor pullback right an internal pullback that I don't 588 00:21:28,268 --> 00:21:32,468 currently view and map structure okay so for our chart 589 00:21:34,788 --> 00:21:36,988 swing low now just to double check that this was a swing 590 00:21:36,988 --> 00:21:39,188 pullback right this movement here that it wasn't just a 591 00:21:24,788 --> 00:21:28,268 watching should be the clearest kind of kind of way that I 592 00:21:32,468 --> 00:21:34,788 we are currently bullish we have made a swing high and a 593 00:21:22,468 --> 00:21:24,788 the next videos but these two videos right now that you're 594 00:21:09,948 --> 00:21:12,948 videos have been recorded so these two videos kind of 595 00:21:18,628 --> 00:21:22,468 process and then yeah you'll you'll see how I apply it in 596 00:21:12,948 --> 00:21:15,388 represent the the most simple and clearest way that I 597 00:21:07,548 --> 00:21:09,948 one in the previous one are both been added since those 598 00:21:15,388 --> 00:21:18,628 currently view and my current approach so really follow this 599 00:21:05,428 --> 00:21:07,548 right these these videos right now that you're watching this 600 00:21:02,148 --> 00:21:05,428 of depth but I do want to just kind of like I've I keep saying 601 00:20:59,268 --> 00:21:02,148 are videos that you're about to watch that do this in in a lot 602 00:20:56,348 --> 00:20:59,268 going to do a super long walk through just now because there 603 00:20:50,388 --> 00:20:52,588 everything will be easier okay right with that said let's go 604 00:20:52,588 --> 00:20:56,348 look at some price action examples okay so I'm not 605 00:20:47,548 --> 00:20:50,388 into your subconscious I promise you so much that 606 00:20:45,068 --> 00:20:47,548 watching paint dry but when you really really get this nailed 607 00:20:39,728 --> 00:20:42,588 super super super super clear for all of you guys before 608 00:20:42,588 --> 00:20:45,068 before you move it on okay so I appreciate this is like 609 00:20:37,408 --> 00:20:39,728 to death anymore with that but I just want to make the super 610 00:20:34,488 --> 00:20:37,408 then we follow the same process right I don't want to bore you 611 00:20:31,728 --> 00:20:34,488 this between the swing low and between the swing high okay and 612 00:20:29,408 --> 00:20:31,728 low and now I mark out the range I'm in okay so I'm in 613 00:20:26,128 --> 00:20:29,408 pips that now I can go mechanically that is my swing 614 00:20:23,368 --> 00:20:26,128 might be putting back but it's only when we pull back that 40 615 00:20:21,328 --> 00:20:23,368 understand that the change of character is just a signal we 616 00:19:26,448 --> 00:19:28,488 more complex you can get a bullish change of character but 617 00:20:15,288 --> 00:20:17,808 right you don't have to wait for 40 pip movement first you 618 00:20:13,088 --> 00:20:15,288 don't have to wait to if you want to trade this pullback 619 00:20:06,508 --> 00:20:08,308 I don't know where the swing low is until we pull back at 620 00:18:27,788 --> 00:18:31,148 pulls back more than 40 pips okay boom so what I will do is 621 00:18:01,288 --> 00:18:03,688 frame analysis so the rule you just need to have in your heads 622 00:17:50,128 --> 00:17:53,768 you guys is just follow what I use okay so when you're first 623 00:17:26,228 --> 00:17:27,868 trade because they're all going to have different 624 00:18:07,148 --> 00:18:10,308 need to say 40 pip pull back right before we can mark out 625 00:16:16,028 --> 00:16:18,628 let's say that this now is 40 pips the moment that this 626 00:17:17,308 --> 00:17:19,708 nice line across until I personally see at least a 627 00:16:39,208 --> 00:16:41,368 was up here right as soon as we had that break of structure 628 00:16:43,608 --> 00:16:48,048 within okay so hopefully you can start to see how we are 629 00:19:56,548 --> 00:20:00,148 our swing low going to be I can't scroll price across to 630 00:16:54,568 --> 00:16:56,608 whether it's bullish so when it's bullish we know straight 631 00:16:56,608 --> 00:16:59,328 away where the swing low is the lowest point but we wait for a 632 00:15:13,288 --> 00:15:15,808 how mechanical that is it would always be the highest point as 633 00:14:49,848 --> 00:14:54,808 the highest point that broke this low after the low formed 634 00:15:31,248 --> 00:15:34,548 at some point but I can't say right if the price if price was 635 00:20:10,808 --> 00:20:13,088 change of character to potentially signal okay so you 636 00:19:47,188 --> 00:19:49,788 it's not here it's the highest point for our swing high so now 637 00:15:56,068 --> 00:15:58,268 of character tells us it's a good sign that potentially 638 00:14:40,728 --> 00:14:43,728 structure we can see the swing bearish trend is continuing 639 00:13:44,028 --> 00:13:47,188 for me okay but obviously in a bullish market the swing low 640 00:14:08,248 --> 00:14:12,248 point here as soon as we get this break of structure here 641 00:20:19,688 --> 00:20:21,328 going to pair this with the confidence but just to 642 00:20:17,808 --> 00:20:19,688 can wait for that change of character of course we're 643 00:13:39,748 --> 00:13:41,588 test first seeing what makes more sense to me and then 644 00:20:00,148 --> 00:20:02,228 anyway you guys will know what I mean but I can't zoom out 645 00:18:35,148 --> 00:18:39,928 waiting and waiting for price to break this okay so let's say 646 00:19:32,568 --> 00:19:35,768 structure where the swing swing low has now been taken right so 647 00:19:13,128 --> 00:19:15,928 change of character to switch bearish okay boom we get that 648 00:18:12,388 --> 00:18:15,388 40 pip bearish pullback to mark out where the swing high is 649 00:18:22,148 --> 00:18:24,988 one last example before we hop on the chart so again let's say 650 00:19:09,888 --> 00:19:13,128 potential signal is we wait for internal structure to have a 651 00:18:42,928 --> 00:18:46,408 this right it's all the way up here price is now pull back 652 00:17:10,188 --> 00:17:12,908 right the highest point after the low formed and then down 653 00:17:12,908 --> 00:17:15,108 here I don't know where the swing low is I can't map this 654 00:17:07,428 --> 00:17:10,188 back for the highest point that is my swing high no matter what 655 00:17:02,128 --> 00:17:04,728 obviously the opposite to that when it's bearish the moment we 656 00:16:52,928 --> 00:16:54,568 kind of have to look at slightly different things 657 00:16:34,188 --> 00:16:36,468 use it so that now becomes my swing low you can put a little 658 00:16:48,048 --> 00:16:50,088 well one this lesson is concentrating on how I 659 00:16:41,368 --> 00:16:43,608 there now this is the current swing range we're playing 660 00:15:58,268 --> 00:16:01,468 we're going to get that swing pull back but I cannot mark out 661 00:16:08,308 --> 00:16:11,028 dollar on the 4 hour chart okay because what can happen is it 662 00:15:44,628 --> 00:15:48,148 character okay boom we've had a bullish chock the internal 663 00:14:38,808 --> 00:14:40,728 it goes off it pings it tells you we've had a break of 664 00:16:18,628 --> 00:16:21,988 movement moves 40 pips boom now I can mark out what I can mark 665 00:15:39,388 --> 00:15:41,308 an internal low and we could keep doing this we could keep 666 00:14:57,448 --> 00:15:02,968 low formed here where my mouse is anywhere within that box of 667 00:15:08,008 --> 00:15:10,768 swing high so can you see how mechanical that is no matter 668 00:16:13,588 --> 00:16:16,028 we got another bullish change of character here and then 669 00:15:26,728 --> 00:15:28,848 moment I can do this I know this with a certainty that is 670 00:15:28,848 --> 00:15:31,248 my current swing high right and I know the low is going to form 671 00:14:36,048 --> 00:14:38,808 structure the moment we get that right you can set an alert 672 00:14:12,248 --> 00:14:14,768 right let me use lines so you guys know exactly what I'm 673 00:14:02,148 --> 00:14:04,928 have a nice clean movement up okay price pull back 674 00:17:19,708 --> 00:17:23,468 40-pit movement okay so that 40 pit rule it's going to be 675 00:13:41,588 --> 00:13:44,028 coming up with a minimum pip size rule and now that works 676 00:13:25,448 --> 00:13:27,768 continued the bullish swing trend and we're making a high 677 00:13:27,768 --> 00:13:30,808 high right but I don't know where that higher high truly is 678 00:19:49,788 --> 00:19:53,228 you can move this line down this becomes our new swing high 679 00:13:30,808 --> 00:13:33,808 where the swing high is until I see at least the 40 pit pull 680 00:20:08,308 --> 00:20:10,808 least 40 pips on this time frame but we can look for 681 00:18:19,028 --> 00:18:22,148 sense and then quickly I kind of just want to do kind of 682 00:12:56,628 --> 00:12:59,348 with okay and that's just kind of the way that I currently do 683 00:19:44,428 --> 00:19:47,188 highest point that broke this low after it forms here okay 684 00:12:26,448 --> 00:12:28,848 so that's my swing high and that's my swing low and then 685 00:12:17,248 --> 00:12:19,688 don't care about that's a swing high that looks like a 686 00:18:59,848 --> 00:19:02,408 40 pips I've now marked out my swing low and the internal 687 00:16:31,668 --> 00:16:34,188 mechanical but this is my method okay if you guys want to 688 00:18:24,988 --> 00:18:27,788 we're in a bearish market right we price pulls back and now 689 00:12:02,748 --> 00:12:05,148 whatever then we get a bit of a leap of pullback so on and so 690 00:12:21,528 --> 00:12:23,848 that breaks the high again that looks like a pretty stellar 691 00:11:28,708 --> 00:11:30,868 happens it does not tell me that I've had to swing high 692 00:19:35,768 --> 00:19:40,128 this becomes our break of structure right so now with 693 00:12:19,688 --> 00:12:21,528 prominent swing low right because that's the lowest point 694 00:11:19,188 --> 00:11:21,508 change of character okay the change of character signals 695 00:18:50,208 --> 00:18:54,008 swing low but we'll just call it swing low from now right put 696 00:11:33,828 --> 00:11:38,108 pulled back at least 40 pips on Euro dollar on the four hour 697 00:11:30,868 --> 00:11:33,828 what tells me that I have to swing high is that price has 698 00:11:59,108 --> 00:12:00,988 we get a bit more of a significant pullback and then 699 00:13:17,128 --> 00:13:19,808 want to see and now I just use that so like I said in the 700 00:19:53,228 --> 00:19:56,548 okay and you can mark that out straight away okay now where's 701 00:18:46,408 --> 00:18:50,208 more than 40 pips so this boss line is essentially also my 702 00:18:15,388 --> 00:18:19,028 right and that's how you build rules so hopefully that makes 703 00:11:08,468 --> 00:11:13,268 range you're in so within this current range okay so you can 704 00:12:49,268 --> 00:12:52,068 will go okay on this time frame on this pair I know that at a 705 00:10:42,488 --> 00:10:44,688 can obviously look back. There's no way buts or maybes. 706 00:17:53,768 --> 00:17:56,048 starting out I highly recommend you just look at your dollar 707 00:12:59,348 --> 00:13:01,428 it there might be better ways to do it there might be more 708 00:18:10,308 --> 00:18:12,388 the swing low and in the bullish market we need to say 709 00:12:23,848 --> 00:12:26,448 this one isn't but this looks pretty significant to me right 710 00:12:43,828 --> 00:12:46,308 well enough data and you look back and you you'll suddenly 711 00:20:04,308 --> 00:20:06,508 essentially as soon as we get the break of structure alright 712 00:17:59,328 --> 00:18:01,288 your main chart for now until we start to look at multi time 713 00:12:05,148 --> 00:12:09,488 forth and then what I would do is I go okay well for me let me 714 00:12:41,588 --> 00:12:43,828 average when you look back right if you do about a year 715 00:15:48,148 --> 00:15:50,988 structure has now switched bullish right that's a good 716 00:11:45,468 --> 00:11:48,308 basically just marked out what what does a significant 717 00:19:28,488 --> 00:19:32,568 price can still go okay so now boom we have had a break of 718 00:19:21,768 --> 00:19:24,448 week low okay so let's say price comes down it messes 719 00:17:04,728 --> 00:17:07,428 get a break of structure and the candle closes below I look 720 00:19:19,168 --> 00:19:21,768 lower high is forming right and now we can look to target the 721 00:19:15,928 --> 00:19:19,168 change of character so now it's a signal that potentially the 722 00:17:41,288 --> 00:17:43,648 daily I'm a little bit more loose but my general rule is at 723 00:17:23,468 --> 00:17:26,228 different for every currency pair or whatever instrument you 724 00:16:04,348 --> 00:16:08,308 low right until I get that forty pit pull back on your 725 00:17:15,108 --> 00:17:17,308 out put a little nice little pretty circle there and draw my 726 00:15:50,988 --> 00:15:53,428 signal that this probably is going to be the swing low and 727 00:20:02,228 --> 00:20:04,308 we're going to have to try towards it nice and tight but 728 00:15:36,908 --> 00:15:39,388 is going to be my low my swing low because that just could be 729 00:16:50,088 --> 00:16:52,928 mechanically define my swing highs and swing lows right you 730 00:16:01,468 --> 00:16:04,348 and tell with certainty that this is going to be the swing 731 00:15:24,728 --> 00:15:26,728 can map up the range so I can map out right because at the 732 00:18:39,928 --> 00:18:42,928 my current swing high let's just say it's let's just use 733 00:19:40,128 --> 00:19:44,428 certainty we can mark out that this becomes where the the 734 00:17:56,048 --> 00:17:59,328 before you look at anything else the four hour it will be 735 00:15:10,768 --> 00:15:13,288 what right you could plug that into an algorithm okay that's 736 00:19:04,408 --> 00:19:07,528 high lows so what I then do right to to do what to signal 737 00:19:02,408 --> 00:19:04,408 structure is bullish just making internal high highs and 738 00:19:07,528 --> 00:19:09,888 that potentially the low high maybe forming it's just a 739 00:18:54,008 --> 00:18:59,848 it to the right right so that's my swing high prices pull back 740 00:19:24,448 --> 00:19:26,448 around and this is what can happen it can be a little bit 741 00:14:17,728 --> 00:14:22,208 understand it cool so that's a break of structure right so 742 00:15:05,328 --> 00:15:08,008 the box where's the highest point this now becomes my new 743 00:14:24,768 --> 00:14:27,408 structure they jump up let me do a slightly more complex 744 00:14:22,208 --> 00:14:24,768 this was our swing low the moment we get that break of 745 00:18:31,148 --> 00:18:35,148 what I will mark out this as my swing low right now what am I 746 00:14:43,728 --> 00:14:45,928 right the moment with that low breaks and we get a candle 747 00:14:04,928 --> 00:14:08,248 potentially low heights forming we never know right now at this 748 00:18:03,688 --> 00:18:07,148 is for a four hour pullback right it a bearish market you 749 00:14:14,768 --> 00:14:17,728 talking about want to make this so clear so you really really 750 00:17:37,688 --> 00:17:41,288 I use 40 pips for the M15, I currently use 15 pips for the 751 00:16:59,328 --> 00:17:02,128 40 pit pullback before I know the swing high and then 752 00:13:11,008 --> 00:13:14,448 swing structure I then measured all of those swings and that 753 00:17:47,808 --> 00:17:50,128 frame at the moment so let's keep it simple alright I say to 754 00:16:36,468 --> 00:16:39,208 circle on it you can draw right we always knew the swing high 755 00:17:43,648 --> 00:17:47,808 least 90 pips okay so obviously we're only looking at one time 756 00:13:54,108 --> 00:13:59,468 essentially the opposite in a bearish market whereby let me 757 00:10:44,688 --> 00:10:46,808 It's always the lowest point that led the went on to break 758 00:13:33,808 --> 00:13:37,748 back on Euro dollar on the four hour chart okay and I the only 759 00:15:21,208 --> 00:15:24,728 about that right how do we know where our swing low is so we 760 00:10:20,748 --> 00:10:23,308 that happens let's imagine that this this from here from this 761 00:17:34,588 --> 00:17:37,688 we get the 40 pit movement boom I know so for the 4 hour chart 762 00:17:30,348 --> 00:17:34,588 test first to see what works for you okay and then yeah once 763 00:16:21,988 --> 00:16:25,988 this out as my swing low right that is how basically I have 764 00:10:15,668 --> 00:10:20,748 point to the lowest. 40 pips a minimum of 40 pips right once 765 00:15:53,428 --> 00:15:56,068 we probably are going to pull back right that is what change 766 00:10:33,388 --> 00:10:36,708 high okay so hopefully that makes sense so the way I have 767 00:17:27,868 --> 00:17:30,348 volatility amounts so this is why you have to do a little 768 00:13:14,448 --> 00:13:17,128 told me what I what you know the minimum pip size that I 769 00:16:25,988 --> 00:16:29,268 personally made it mechanical it's what works for me there 770 00:12:31,808 --> 00:12:37,388 go okay that's seventy-six pips how big is this one that's 103 771 00:10:49,688 --> 00:10:53,248 actual current swing high is in a bullish market until price 772 00:12:54,708 --> 00:12:56,628 based on this and that's and that's the rule I would come up 773 00:10:29,468 --> 00:10:33,388 mechanically with certainty circle this as my current swing 774 00:12:37,388 --> 00:12:41,588 pips how big is this one right that's about 70 pips so then on 775 00:15:41,308 --> 00:15:44,628 trickling right and here we could get a bullish change of 776 00:13:59,468 --> 00:14:02,148 draw it out right we have a nice clean movement down we 777 00:16:29,268 --> 00:16:31,668 are other ways in you know you can potentially make this more 778 00:14:30,088 --> 00:14:33,208 movement down let's say we get a bit of a complex pull back 779 00:15:15,808 --> 00:15:18,408 soon as we get the channel closure so now we know where 780 00:14:27,408 --> 00:14:30,088 example so I can really drive it home so we have a a clean 781 00:15:02,968 --> 00:15:05,328 a draw to where the break of structure happens anywhere in 782 00:16:11,028 --> 00:16:13,588 could be a little full signal and price could keep going then 783 00:14:45,928 --> 00:14:49,848 closure below the low right where is our swing high it's 784 00:15:34,548 --> 00:15:36,908 starting to move up a little bit here I don't know that this 785 00:13:50,388 --> 00:13:54,108 sense now that's for a bullish market so it's it's you know 786 00:14:33,208 --> 00:14:36,048 right price comes down like this now we get the break of 787 00:15:18,408 --> 00:15:21,208 our lower high is right there's there's no if if buts or maybes 788 00:10:53,248 --> 00:10:57,008 pulls back at least forty pips. The moment I see price has 789 00:11:04,248 --> 00:11:08,468 To that right so now what you can do is you can draw the 790 00:12:28,848 --> 00:12:31,808 what I went and did is I then measured them all alright and I 791 00:13:01,428 --> 00:13:03,988 mechanical ways that's fine use whatever you want but for me 792 00:13:08,008 --> 00:13:11,008 a better phrase I measured oh well I just drew all out of 793 00:11:00,328 --> 00:11:03,608 So, let me change this. 794 00:13:47,188 --> 00:13:50,388 will always be the lowest point right so hopefully that makes 795 00:11:38,108 --> 00:11:43,268 chart okay so hopefully that makes sense so the way I came 796 00:14:54,808 --> 00:14:57,448 okay so another simple way to think about it is after this 797 00:13:22,248 --> 00:13:25,448 the breaker structure line right I I know that now we have 798 00:10:36,708 --> 00:10:39,508 the rule with the four hour chart only on Euro dollar is 799 00:13:03,988 --> 00:13:08,008 this is how I do it okay so I I used my naked eye for a lack of 800 00:13:19,808 --> 00:13:22,248 bullish market the moment we get the candle closure above 801 00:12:52,068 --> 00:12:54,708 minimum I want to see a seventy pip pullback right if it was 802 00:12:46,308 --> 00:12:49,268 see what your mind likes to see a significant structure and you 803 00:09:37,028 --> 00:09:41,728 do it well this is kind of give you a clear answer this is 804 00:10:02,528 --> 00:10:05,328 looking at now obviously with the four hour chart I have 805 00:09:55,648 --> 00:10:00,088 up with a minimum pip size okay so try and simplify it for me 806 00:12:09,488 --> 00:12:12,328 get the high stall I would say that is a swing high that to me 807 00:12:12,328 --> 00:12:14,848 looks like a swing low that's all I would say that's one big 808 00:11:57,188 --> 00:11:59,108 you get a little swing like that I kind of ignore it then 809 00:09:41,728 --> 00:09:46,088 going to depend upon each trader upon what pair you are 810 00:10:57,008 --> 00:11:00,328 pulled back forty pips. Now, I mark on the swing high, okay? 811 00:11:16,188 --> 00:11:19,188 it doesn't really have anything to do with when we get the 812 00:10:00,088 --> 00:10:02,528 on Euro dollar the main pair that I trade the pair we're 813 00:11:55,148 --> 00:11:57,188 right and I looked at all of the big swings in the market 814 00:09:14,748 --> 00:09:16,668 but you've seen it in the previous video how we define it 815 00:13:37,748 --> 00:13:39,748 the way I got to that point was just doing a little bit of a 816 00:09:16,668 --> 00:09:19,268 right that's 100% mechanical when we get the bearish change 817 00:09:33,388 --> 00:09:37,028 high right so trying to get here to the answer so how do we 818 00:11:26,108 --> 00:11:28,708 high but the bearish change of character does not when that 819 00:09:12,548 --> 00:09:14,748 because we're defining it well I don't want to go over again 820 00:11:13,268 --> 00:11:16,188 see how the way I define a swing high in a bullish market 821 00:11:51,988 --> 00:11:55,148 basically mapped out structure just kind of using discretion 822 00:11:24,028 --> 00:11:26,108 going to be more than 40 pips and then I can mark a swing 823 00:11:21,508 --> 00:11:24,028 that we probably are about to have a pull back that's 824 00:10:46,808 --> 00:10:49,688 the high. That's the high low but I do not know where my 825 00:10:39,508 --> 00:10:42,488 that as soon as we have that break structure here, right? I 826 00:12:14,848 --> 00:12:17,248 swing moving up these are little minor pullbacks that I 827 00:09:01,608 --> 00:09:04,128 you're thinking well is that swing pull back is it not is it 828 00:09:07,128 --> 00:09:09,728 get that bearish change of character because remember you 829 00:12:00,988 --> 00:12:02,748 we get a movement like that right a bit of a small swing 830 00:10:25,908 --> 00:10:29,468 pips the moment price pulls back 40 pips now I can 831 00:08:35,648 --> 00:08:38,608 lowest point and straight away we can do you know put a nice 832 00:09:04,128 --> 00:09:07,128 minor you know what do I what do I call it eventually we then 833 00:08:40,928 --> 00:08:43,368 do in the live make it nice and clear where my swing points are 834 00:11:48,308 --> 00:11:51,988 pullback look to me with my naked eye okay so I went and 835 00:09:46,088 --> 00:09:49,048 looking at what instrument you are trading and what time frame 836 00:08:55,328 --> 00:08:58,208 pullbacks right and sometimes you know it's questionable 837 00:08:38,608 --> 00:08:40,928 little we use a highlighter tool right this is something I 838 00:08:12,448 --> 00:08:14,688 where's the lowest point that went on to break it is this 839 00:09:21,668 --> 00:09:25,268 going to pull back but at that point that does not necessarily 840 00:07:55,828 --> 00:07:58,708 then look back right and find the lowest point and that 841 00:11:43,268 --> 00:11:45,468 up with that rule is when I went on price action I 842 00:09:19,268 --> 00:09:21,668 of character all that does is signal potentially we're 843 00:08:14,688 --> 00:08:17,248 point here okay so I'm going to mark a line here I'm going to 844 00:07:30,568 --> 00:07:34,328 ideas around this so right I don't want to confuse you but I 845 00:10:05,328 --> 00:10:08,888 tested it so that I know personally at the moment on the 846 00:09:49,048 --> 00:09:52,688 you are on okay this is the way that I have made it mechanical 847 00:10:23,308 --> 00:10:25,908 high here to this point here let's imagine that that is 40 848 00:10:12,308 --> 00:10:15,668 soon as I see that price pulls back from from the highest 849 00:09:25,268 --> 00:09:30,188 mean that we know with 100% certainty that this is going to 850 00:10:08,888 --> 00:10:12,308 four hour chart I need to see this movement this pullback as 851 00:08:50,288 --> 00:08:52,648 price continues to move up this can obviously continue moving 852 00:09:09,728 --> 00:09:12,548 should know from the previous video that is 100% mechanical 853 00:07:58,708 --> 00:08:03,628 becomes the new swing high low okay so that is 100% mechanical 854 00:08:26,808 --> 00:08:30,968 current swing low okay put at the bottom put it to the right 855 00:08:23,928 --> 00:08:26,808 put text on it just so we can really really drill this home 856 00:09:52,688 --> 00:09:55,648 and basically you have to test it first and you have to come 857 00:07:34,328 --> 00:07:37,308 really want to go into details so you know exactly how to do 858 00:08:30,968 --> 00:08:33,608 alright so this is our current swing low so the moment price 859 00:09:30,188 --> 00:09:33,388 be the new this this point here is going to be the new swing 860 00:08:07,048 --> 00:08:09,768 above the break of structure line above this high you look 861 00:08:58,208 --> 00:09:01,608 because it can be a decent size little little bearish move and 862 00:08:20,248 --> 00:08:23,928 becomes whoops make a solid line right I'm even going to 863 00:07:25,968 --> 00:07:28,448 these lines and then we know what range we are working with 864 00:08:46,208 --> 00:08:50,288 ifs buts and maybes this is your swing low okay now when 865 00:08:17,248 --> 00:08:20,248 make this as clear as I possibly can alright this 866 00:07:46,308 --> 00:07:49,148 candle right on the time frame you're looking at close above 867 00:08:33,608 --> 00:08:35,648 breaks and closes above this high we look back for the 868 00:08:52,648 --> 00:08:55,328 up for a little while oops and you can get this tiny little 869 00:08:43,368 --> 00:08:46,208 boom you can mark it straight away that is your swing low no 870 00:07:28,448 --> 00:07:30,568 okay because that's where we're going to start to build trade 871 00:07:18,888 --> 00:07:21,968 draw the swing range that we are currently within right 872 00:07:39,708 --> 00:07:42,668 current swing high right we get the break of structure to form 873 00:07:49,148 --> 00:07:52,828 this break of structure we have now started to form a high high 874 00:07:24,008 --> 00:07:25,968 want to know what swing range we're within so we can draw 875 00:08:03,628 --> 00:08:07,048 there's no discretion to this moment you get a candle closure 876 00:06:55,388 --> 00:06:57,748 it's just a signal that the pullback is either finish or 877 00:07:52,828 --> 00:07:55,828 so the moment that that candle closes closes there you can 878 00:06:48,828 --> 00:06:53,068 signal that we might be getting a pullback or the pullback 879 00:07:42,668 --> 00:07:46,308 a high high straight away the moment the moment you see a 880 00:07:10,168 --> 00:07:12,488 well you know what is the answer how can we make this 881 00:06:57,748 --> 00:07:01,868 starting but it does not on its own define that this is now 882 00:07:37,308 --> 00:07:39,708 this okay so again I'm going to go over this when we break the 883 00:07:15,728 --> 00:07:18,888 now know that this is my current swing low and now I can 884 00:08:09,768 --> 00:08:12,448 back for the lowest point right after this high was formed 885 00:07:12,488 --> 00:07:15,728 mechanical so that I can now mark this as my swing high I 886 00:06:35,268 --> 00:06:39,548 signify that potentially a swing pullback is starting 887 00:07:04,708 --> 00:07:07,528 change of character you can't straight away mark out this is 888 00:07:07,528 --> 00:07:10,168 a swing high okay so you're probably sitting there thinking 889 00:06:39,548 --> 00:06:42,588 that's all it is all a change of character is remember it's 890 00:06:53,068 --> 00:06:55,388 might be finished and we're going okay that's all it is 891 00:07:01,868 --> 00:07:04,708 going to be the new swing high so when we see that bearish 892 00:06:18,608 --> 00:06:22,088 the internal structure is shifting from bullish to 893 00:06:31,688 --> 00:06:35,268 we get bearish internal structure change that would 894 00:06:22,088 --> 00:06:25,768 bearish or bearish to bullish. Okay, so let's say this is our 895 00:06:25,768 --> 00:06:28,368 most recent internal load, right? That tiny loophole back 896 00:06:14,968 --> 00:06:18,608 character or a change of character does is signal that 897 00:05:41,208 --> 00:05:46,328 high up here but how do we make it mechanical to know where 898 00:07:21,968 --> 00:07:24,008 because this is what we want to do in the market we always 899 00:06:42,588 --> 00:06:45,228 internal structure shifting from bullish to bearish or 900 00:05:18,028 --> 00:05:21,188 lowest point right after this high was formed where is the 901 00:06:45,228 --> 00:06:48,828 bearish to bullish right but it just gives us a potential 902 00:05:46,328 --> 00:05:48,288 that high high is formed okay because price could go up it 903 00:05:50,248 --> 00:05:52,768 a little bit and it can move back a little bit here but it 904 00:06:11,648 --> 00:06:14,968 character. Yes or no, that's not really correct. A change of 905 00:05:57,288 --> 00:05:59,648 little pullbacks and we never quite know when when when price 906 00:05:31,928 --> 00:05:34,608 for the price to close above the high for a high high that 907 00:05:55,248 --> 00:05:57,288 high high because price could keep going right with these 908 00:06:03,728 --> 00:06:06,648 that the swing high has formed, right? That the swing one is 909 00:06:28,368 --> 00:06:31,688 there. If price was to come down here now and break that so 910 00:05:38,448 --> 00:05:41,208 our higher low is and we know we're now going to form a high 911 00:06:09,648 --> 00:06:11,648 some of you may be saying, well, we wait for a change of 912 00:03:39,448 --> 00:03:42,408 structure we always take the lowest point that took out the 913 00:04:12,948 --> 00:04:16,508 internal we take the nearest so it'll be this one we swing we 914 00:05:52,768 --> 00:05:55,248 is this the high is this our new swing high is this the new 915 00:05:14,308 --> 00:05:18,028 above that high to form a high high then we look back for the 916 00:05:24,708 --> 00:05:28,128 where is the lowest point it's here right and that becomes our 917 00:04:41,408 --> 00:04:44,568 as you'll see throughout this entire course kind of my aim is 918 00:03:42,408 --> 00:03:46,408 high so after the high was formed where is the lowest 919 00:03:57,168 --> 00:03:59,908 is it that's kind of the easiest way you can define it 920 00:06:06,648 --> 00:06:09,648 over, the swing high has formed and we're pulling back. Well, 921 00:03:59,908 --> 00:04:02,308 another way someone in the community recently defined it 922 00:05:10,828 --> 00:05:14,308 broken for swing structure we need to see a candle closure 923 00:05:21,188 --> 00:05:24,708 lowest point that broke it so from this point onwards right 924 00:04:30,928 --> 00:04:34,688 to define the way that that works to define your internal 925 00:04:05,268 --> 00:04:08,108 highs okay so between this high and then this high whereas the 926 00:04:53,688 --> 00:04:56,728 swing structure one of the ways in which hopefully you can see 927 00:03:50,488 --> 00:03:53,888 look to the right of this orange line where is the lowest 928 00:05:06,788 --> 00:05:10,828 bullish market okay because only once this high here is 929 00:04:27,888 --> 00:04:30,928 lesson you can literally program that into an algorithm 930 00:05:34,608 --> 00:05:38,448 is 100% mechanical okay in a bullish market so we know where 931 00:04:44,568 --> 00:04:48,568 always as best I can is to try and make my strategy as near to 932 00:04:16,508 --> 00:04:20,468 take the lowest okay so when we were looking at internal 933 00:04:10,668 --> 00:04:12,948 we take swing structure so that's the difference between 934 00:04:59,548 --> 00:05:02,708 here we always pick the lowest point okay so that's a 935 00:03:53,888 --> 00:03:57,168 point after the high forms that then goes on to break it this 936 00:04:37,128 --> 00:04:41,408 change of character occurs okay so with swing structure we well 937 00:03:34,648 --> 00:03:37,008 structure not swing structure it would become this point 938 00:04:48,568 --> 00:04:53,688 100% mechanical you know wherever I can okay so with 939 00:03:37,008 --> 00:03:39,448 right because this is the nearest low but with swing 940 00:04:34,688 --> 00:04:37,128 structure and to literally point out to you when that 941 00:04:08,108 --> 00:04:10,668 lowest point is down here right that's that's how essentially 942 00:04:02,308 --> 00:04:05,268 which I quite liked was it's the lowest point between two 943 00:04:56,728 --> 00:04:59,548 in which try to do that is when we get a break of structure 944 00:03:46,408 --> 00:03:50,488 point that broke it so after this forms right you can like 945 00:03:27,368 --> 00:03:30,648 form a high high the question is how do we know where our 946 00:05:48,288 --> 00:05:50,248 could pull back a little bit it could go up it could pull back 947 00:05:02,708 --> 00:05:06,788 mechanical way of finding out where your higher low is in a 948 00:02:01,828 --> 00:02:04,548 would wait for for the next counter that fails to break the 949 00:02:52,408 --> 00:02:56,088 get a big pullback that's our higher high right we wait for 950 00:03:24,508 --> 00:03:27,368 of structure okay so once we get that break a structure to 951 00:03:17,468 --> 00:03:20,588 you could have a bit of a pull back like this right so on and 952 00:05:28,128 --> 00:05:31,928 new high low okay so that is 100% mechanical we wait for the 953 00:05:59,648 --> 00:06:03,728 action is printing like this when can we mark with certainty 954 00:03:15,108 --> 00:03:17,468 bit more complex in live market where you have a movement up 955 00:02:50,048 --> 00:02:52,408 actions so we're looking for those big swings right where we 956 00:03:07,028 --> 00:03:09,988 okay that's the way we define it only once we get a break of 957 00:03:12,548 --> 00:03:15,108 becomes our swing low so obviously it can be a little 958 00:02:31,848 --> 00:02:35,808 that most recent internal high low to be broken okay and now 959 00:02:46,968 --> 00:02:50,048 we're looking at those those bigger movements in price 960 00:03:09,988 --> 00:03:12,548 structure right we look back at the lowest point and this 961 00:02:59,948 --> 00:03:03,548 structure okay break of swing structure is only what we refer 962 00:02:56,088 --> 00:02:59,948 price to break that that swing high so we call this a break of 963 00:02:29,328 --> 00:02:31,848 internal structure shift bearish so I would look for 964 00:02:23,268 --> 00:02:27,148 that I like I would then potentially wait for right that 965 00:02:43,888 --> 00:02:46,968 lesson we're going to focus on swing structures so remember 966 00:02:16,108 --> 00:02:18,508 price is coming into a really nice level that I like right 967 00:02:39,648 --> 00:02:43,888 okay so that's essentially our internal structure now in this 968 00:02:18,508 --> 00:02:20,588 I'm going to I'm going over this and being repetitive but I 969 00:02:27,148 --> 00:02:29,328 change character and I would want to see the bullish 970 00:03:03,548 --> 00:03:07,028 to as a boss it has to be swing structure for it to be a boss 971 00:04:20,468 --> 00:04:23,908 structure in the previous lesson the way in which we 972 00:02:20,588 --> 00:02:23,268 really want it to sink in okay once price comes into a level 973 00:02:14,188 --> 00:02:16,108 not going to mark this out in the market what I do is when 974 00:01:58,548 --> 00:02:01,828 high or low okay we would mark that out right and then we 975 00:03:30,648 --> 00:03:34,648 higher low is right if it was if this was just internal 976 00:01:54,848 --> 00:01:58,548 nearest one okay so this becomes our nearest internal 977 00:02:06,988 --> 00:02:10,108 that is when and when we can mark out this being our next 978 00:04:23,908 --> 00:04:27,888 define that is 100% mechanical so what you learn in the this 979 00:02:35,808 --> 00:02:39,648 at this point we have our bearish change of character 980 00:02:04,548 --> 00:02:06,988 next counter's high so then we get that pullback okay and then 981 00:02:10,108 --> 00:02:14,188 internal high so on and so forth okay but obviously I'm 982 00:01:32,168 --> 00:01:34,768 this point we don't not we do not know that that is the 983 00:01:09,068 --> 00:01:11,908 candle failing to break the prior candles high what do we 984 00:01:47,808 --> 00:01:51,408 internal high height then where it becomes our new internal 985 00:01:11,908 --> 00:01:15,068 do we can mark out the new internal range we are within we 986 00:01:27,828 --> 00:01:32,168 but as is pulling back right even if price say does this at 987 00:01:44,448 --> 00:01:47,808 then when it takes the internal high there right to form an an 988 00:01:25,428 --> 00:01:27,828 only wants the candle first to break the prior candles high 989 00:01:51,408 --> 00:01:54,848 high low it's not here with internal structure we take the 990 00:00:58,688 --> 00:01:01,308 want to see price break that high then we look back and we 991 00:01:19,748 --> 00:01:25,428 internal high low this becomes our new internal high right 992 00:01:41,648 --> 00:01:44,448 happen is price can come up it can pull back a little bit and 993 00:03:20,588 --> 00:03:24,508 so forth it can move around and then finally we get that break 994 00:01:05,548 --> 00:01:09,068 our new internal high low okay and as soon as we get the next 995 00:01:15,068 --> 00:01:17,468 don't have to do this on the live market okay and just just 996 00:01:34,768 --> 00:01:38,128 internal high low right in a in a bullish market in an internal 997 00:01:01,308 --> 00:01:05,548 look for the next the the most nearest low and that becomes 998 00:01:38,128 --> 00:01:41,648 bullish structure until this high is taken because what can 999 00:01:17,468 --> 00:01:19,748 so we understand what's going on that becomes our new 1000 00:00:30,288 --> 00:00:32,848 out as our high when the market is bullish okay when the 1001 00:00:32,848 --> 00:00:36,488 internal structure I should say is bullish right and now we 1002 00:00:47,888 --> 00:00:50,888 high as soon as the next candle fails to break that prior 1003 00:00:11,628 --> 00:00:14,748 there we go we were looking at those very very tiny movements 1004 00:00:40,408 --> 00:00:42,968 breaks that high let me zoom in so it's not super small on your 1005 00:00:54,688 --> 00:00:58,688 high low is once price wicks at least wicks that high okay we 1006 00:00:42,968 --> 00:00:47,888 screens okay so in a bullish market we mark out the internal 1007 00:00:00,000 --> 00:00:05,468 Alrighty so hopefully we're all now extremely comfortable with 1008 00:00:05,468 --> 00:00:08,828 how we view and how we map internal structure okay so what 1009 00:00:36,488 --> 00:00:40,408 only know where the new internal low will be once price 1010 00:00:27,868 --> 00:00:30,288 mark that out as a pullback right we can we can mark that 1011 00:00:24,948 --> 00:00:27,868 fails to break the prior candles high right we start to 1012 00:00:21,028 --> 00:00:24,948 candle breaks the prior candles high as soon as one candle 1013 00:00:50,888 --> 00:00:54,688 candles high right now we only know where the next internal 1014 00:00:18,028 --> 00:00:21,028 bullish movement in price action as whether or not the 1015 00:50:05,848 --> 00:50:10,888 have any questions feel free to shoot me a message on Discord. 1016 00:00:14,748 --> 00:00:18,028 in price okay and we were essentially defining the the 1017 00:00:08,828 --> 00:00:11,628 we were looking at is if I can get the paint brush to work 96510

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