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Welcome back folks.
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This is less than 7.1.
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Stop entry techniques
for long-term traders.
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Okay.
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Buying with stop orders.
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Preferably, you're going to be looking
for set setups to have the monthly
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and or weekly suggesting institutional
order flow would be seeking a
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array above daily market price.
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The daily should post a bearish candle.
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The daily chart must close
the candle with a down close.
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It is not valid while the daily chart
candle is trading or forming, and
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you're gonna be placing a bicycle.
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At the bearish candles opening.
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Okay.
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Here's the high, the
candle, the lower candle.
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This is the opening on the candle
and here's the close you're gonna be
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placing a buy stop for an entry on long
positions at that price right here.
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This is where you place your buy stop.
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The concept is as you're going
to be using strength to get
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you long in the marketplace.
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Now you're not going to be just
buying any old down candle.
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You're gonna be looking at the PD arrays
that would be in a discount market, or
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while you're in a long-term uptrend.
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Every down candle promotes new
buying opportunity for smart money.
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So you'll be using this entry
technique here to get in sync
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with those long-term trends.
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Again, you have to have a monthly and
or weekly institutional order flow.
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Reference point in the form of a PD array.
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And it means that has to
be a weekly order block.
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That's bearish above daily price.
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It has to be a fair value gap above
daily price in the form of a weekly
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or monthly chart, something on a
monthly and weekly, preferably both is
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leading you to believe that price will
be drawn up there on that timeframe.
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The daily.
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You're going be actually
waiting for the move to go
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against that intended direction.
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That's why we're buying
off of a down candle.
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We're using the opening
price on the down candle.
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Now think about this for a second order
block theory, this would be a bullshitter.
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Uh, down candle is a bullshitter block.
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If price trades away from a down
candle and we trade back down into
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that opening of the down candle.
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That's also what if future
entry long position.
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So see what we're doing here.
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We're using this buying of strength idea.
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The mechanics behind it is is
that should price trade back up
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to that opening price and three.
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We should be turning the corner
and should be training higher, but
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if it doesn't trade back above the
opening price, you don't get a fill.
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You just got to wait for another new
down candle and you keep moving forward.
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Every time you get a new successive
down candle, you keep adding that
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new entry at the opening price.
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So you, you would be consistently
moving for one new trading day,
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every time a new candle paints.
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And if you don't get.
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On a daily, these go to
the next daily candle.
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Once as long as there's another
down candle, you keep doing it.
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You may miss moves.
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You may not get a fill.
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You may get filled and then
eventually get stopped out.
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Um, we'll talk about stops when we talk
about trade management, but for now, we're
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just focusing on the entry pattern and
entry concept using a daily timeframe.
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And now think about this.
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We're actually dovetailing really
nicely with oral block theory.
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So if we're buying at the opening
price on a down candle long.
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Expecting monthly and or weekly
PD raised to be the draw on price.
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In other words, something on
a higher timeframe charts are
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going to bring price higher.
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The daily charts going to submit
to those higher timeframe,
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weekly and monthly ideas.
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And they're going to trade
up into those levels.
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Okay.
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But they won't just go straight up.
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They'll go up then come back down
to that same opening price, many
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times giving another opportunity to.
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So, what you can do is when price
moves away from the opening price
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and comes right back down, you
are looking for confirmation,
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you're going to see new buying.
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00:04:34,425 --> 00:04:38,625
And that may be another opportunity for
you to add new positions, but that's
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only in instances where if you've
taken profits, No worries at once.
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This by entry has been
executed and you're long.
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If you get several hundred pips in
your favor, you can take some of that
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position off with the expectation that
you may end up seeing in retracement
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back to that same opening price.
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If it does, you can put that same position
that you took off in partial profits,
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right back on at that same opening place.
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And it gives you an opportunity
to get basically the average,
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then same cost for that long.
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Then you hold it for that remaining
portion of your trade and you
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can do this every single time.
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There's a new down candle that you enter
on, on by stop at the opening price.
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It's the same concept as going
forward every single time until you
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reach that monthly and or weekly PD
IRA in the form of a premium market.
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So once it gets overbought, if you
will, when there's a monthly and
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weekly charts, then as long as that's
not there, we continuously follow.
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With the marketplace on a daily chart,
every down candle promotes new buying
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opportunities for smart money, the
higher we get on the monthly and weekly
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range and get closer to those premium
ranges, the less likely these candles
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are going to promote strong buying.
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So this be careful about that.
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You want to be buying preferably
at equilibrium or less than the
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range that you would identify
on a monthly and weekly charts.
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Okay.
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Selling what's the stop order.
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Okay.
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The monthly or weekly should suggest
institutional order flow will be seeking
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a PDR array below daily market price
to daily should post a bullish candle.
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The daily chart must close the candle
with a up-close and it is not valid.
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While the daily chart candle is
trading indoor forming the sell stock
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is placed at the Busch candles open.
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Here's your high here's the high of
the candle, the low of the candle.
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The close of the candle, the open of
the candle, and right here is we're
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going to place your cell stock for
short entry in the premise behind
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this is going to be expecting weakness
to take us into the marketplace.
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Now, again, think about what we just
showed you in terms of the buy stop on
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a down candle at the opening price, it's
just like a return to a bullish or block.
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Could you be by it that opening price?
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This same premise here is the entry price
technique that we use to go short at a
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bearish order block, which is the last up
candle, right before the damn price move.
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We're going to sell on a stop
rate, that opening price.
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And if we get profitability in our
trade and we looked like we can see
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a retracement back to that same order
block or seam up candle in this case.
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We could get sort again with the
partial profit we've taken off.
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So for instance, they say we.
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Go short on daily chart and we get
short on the stop at the opening
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price of this, this bullish candle.
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We could look for several hundred
pips in our favor in terms of
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profitability, take a portion of it off.
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Thanks some profits.
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Then if we do get a retracement back
to that same opening price, we can sell
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short again with that same portion,
we just took partial profits and
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re-establish that same initial position
back on again at that same average.
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Again, the premise is we're expecting
the market to be drawn lower from
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a monthly and weekly standpoint.
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00:08:00,200 --> 00:08:03,080
So there's a PD rate is going
to be drawing that weekly
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00:08:03,080 --> 00:08:04,669
and monthly chart lower.
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Okay.
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00:08:05,479 --> 00:08:08,210
So we're trading on the higher
timeframe, monthly and weekly,
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but we're executing on a daily.
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00:08:09,979 --> 00:08:14,060
So while the monthly and weekly are
poised to go lower, institutionally
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speaking, we're waiting for a move.
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Opposite that direction by having
an up candle or a bullish candle,
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we're seeing the market have a
short-term retracement or creating
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short-term overbought scenario.
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When we see the opening price on that
up, candle traded too many times.
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You're going to see that it never
turns back from that that low.
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It just keeps on going and that opening
price becomes a very good trigger
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for short-selling for a sell per.
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Okay, let's take a look
at this few examples here.
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We have a nice move up here.
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We have small little down
candle and you'd be placing a
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buy stop at the opening price.
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So by stop at that opening price on
that daily candle, and we're going to
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say that we didn't get a fail here.
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So it would be a missed opportunity.
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We have a new downtown.
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Please, uh, by stop on the opening
price of the down candle, you see
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the next candle we opened lower
than that down candles open.
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So in other words, the very next
green candle or bullish candle, it
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opened lower than our down candle
or bears, candles, opening price.
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So our buys stock would
have been triggered as that
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bullish candle trades up.
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So we would be triggered
long in that position.
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But now we have another down candle, so we
could take a look at that opening price.
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And should we see price
trade back up to that level?
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We could be entered long
again on a buy stop.
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Same thing happens here.
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Market trades up through it
and gives us a nice little pop.
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And here we have that successive 1, 2,
3 candles, lower all being down candles.
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Each time.
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We have the opportunity to be net long.
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The one in the middle, the other three
down candles, you may have been tripped
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in long on that particular entry point,
but your stop loss as you'll learn
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will be below the swing low that's
most recently been created on a daily
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chart and below a specific reference
point, which will outline in less
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than eight, but you could be a long.
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00:10:35,340 --> 00:10:40,020
And you can also then use this
opening price as well to add to it.
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So you have a buy stop on the
opening price at this down candle.
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You see the price does fill that and
you'd meet net long from that price.
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00:10:50,730 --> 00:10:52,050
And we have another down candle.
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We could watch this by stop and triggered
in a long entry at this opening.
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Price does eventually
make it lower candle.
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And then that lower candles
opening price does get tripped
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to candles, to the right of it.
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And eventually sees
another little move higher.
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00:11:14,890 --> 00:11:20,020
And we're going to take a look at now
using this idea for selling one a stop.
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00:11:21,320 --> 00:11:25,990
Here's the section of the Japanese
yen, looking at an old high from 2007.
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You can see how price media.
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Piercing of that 1 23 50 level and
price rejected, have a break in market
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00:11:34,770 --> 00:11:36,390
structure and have the sell off.
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00:11:36,420 --> 00:11:38,790
We're going to break that whole
area down in the shaded area.
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00:11:40,260 --> 00:11:42,150
You see, there's a market
structure break here.
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That's the initial one, but
there's a secondary one, but
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00:11:45,839 --> 00:11:47,699
we're going to focus on this one.
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00:11:47,699 --> 00:11:51,780
Primarily, we're going to assume
that you could see that this market
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on a daily timeframe was getting
in sync with the lower objectives.
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00:11:56,235 --> 00:12:02,175
The monthly and weekly dollar yen,
and then PDA rays that we'll be
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00:12:02,175 --> 00:12:06,315
looking for lower prices would draw
a price on a daily chart lower.
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00:12:06,735 --> 00:12:10,845
And I mapped out every one of the up
candles that went back to the premium of
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00:12:10,845 --> 00:12:15,705
the ranges that price was trading in for
the daily chart and every opening price.
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00:12:16,065 --> 00:12:18,525
Once it's triggered,
you would be net short.
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00:12:19,824 --> 00:12:24,145
So there's 1, 2, 3, 4, 5 examples in
here where each one of the up candles,
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00:12:24,295 --> 00:12:29,454
just a short time after its formation
of the up candle, it trips you short
204
00:12:30,115 --> 00:12:34,555
for the Japanese yen, and you can
see another example here where the
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00:12:34,555 --> 00:12:39,535
price trades back up to a mitigation
block and the up candle you would
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00:12:39,535 --> 00:12:41,305
look to sell short at the opening.
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00:12:42,925 --> 00:12:47,484
And you see that down arrow indicating
that was the candle that you'd be using
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00:12:47,545 --> 00:12:52,614
the very next candle that you would be
short and that's that same level, right
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00:12:52,614 --> 00:12:57,745
there just shown more hard timeframe
view of it, several hundred pips again.
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00:12:57,844 --> 00:13:01,104
And this last one here over
a thousand pips available in
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00:13:01,104 --> 00:13:02,875
terms of downside potential.
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00:13:02,875 --> 00:13:06,864
And again, this is using the
monthly, weekly PD arrays as your
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00:13:06,864 --> 00:13:11,245
directional bias, and then using
the up candles and down candles.
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00:13:12,660 --> 00:13:15,060
Uh, in relationship to
using the stop entry.
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00:13:15,480 --> 00:13:20,370
In this case, we're using the selling
the stop at the opening of a up candle.
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00:13:20,970 --> 00:13:22,650
And the opportunity is in maintenance.
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00:13:22,680 --> 00:13:25,440
If you look at these candles here, you
can see how they return back to those
218
00:13:25,440 --> 00:13:27,480
same candles you shorted from on to stop.
219
00:13:28,320 --> 00:13:30,660
They become bearish order
blocks at a later time, too.
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00:13:30,990 --> 00:13:33,420
So you can actually put more position in.
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00:13:34,350 --> 00:13:35,940
And you can build in larger positions.
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00:13:35,970 --> 00:13:39,090
If you start with a small amount
allocated to the initial position,
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00:13:39,600 --> 00:13:40,860
you can build in another position.
224
00:13:41,070 --> 00:13:45,090
In other words, if you go with a half
position or half your traditional
225
00:13:45,090 --> 00:13:49,320
size, you can go and add more back
in, but have already profited on
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00:13:49,320 --> 00:13:52,830
portions that otherwise may not
have been viewed as an opportunity.
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00:13:53,760 --> 00:13:56,850
So until we talk next time, I
wish you good luck and Katrina.
20186
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