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I gave you some homework and
the teachings for this month
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in regards to the Kiwi dollar.
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So I, I mapped out an area and
let's take a look at that on
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the presentation slide.
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Okay.
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You should be able to see
the presentation slide.
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Okay.
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And I asked you to go into, look at all
these swing points in here and study
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them in reference to PDAs, and also what
would qualify those as swing trades.
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And I left that up to you to determine.
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What was the framework that led
up to those particular lows and
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subsequent price moves higher.
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Okay.
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So we're looking at the monthly
chart of the New Zealand
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dollar versus the us dollar.
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And I want to take your attention
to the low that was formed here.
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And the high that was
formed here between the two,
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we had a range
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about 1,260 pips.
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So 1,260 pips.
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Oh, the total range for the New
Zealand dollar versus the dollar a day.
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If you're not getting audio, you probably
can't hear me say this, but nonetheless,
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it's just you this confirm one more time.
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I got to create edit.
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Marker.
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Audio still good for everyone.
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I just got one guy telling me.
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Okay.
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Thank you.
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So my question is, is what led the low
here to this high in terms of the range.
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And since we're looking at a
monthly chart, what was the,
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um, PDAs that were useful in
determining that type of movement?
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And also keeping in mind what those
swing points were on the chart.
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I showed you in the homework.
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So now we have that range defined.
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We have this up candle
here in the monthly.
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This is a bare shoulder block.
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It was a bear shorter block because it was
completely moved away from aggressively.
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And it was the last up candle.
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And all these down candles created a.
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Rain's it need to be filled in.
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So all this stuff is applicable
to the monthly chart as well.
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So we have a low down here, which
we're going to assume that we
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didn't even see this low form.
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Once we saw this candle trade through
it, notice this down, came that once
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we traded through it, that qualifies
this as a bull shoulder block.
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That's how we're going to go forward.
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We don't need to know
why this low was formed.
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There's plenty of reasons
why we can justify that.
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00:03:17,625 --> 00:03:21,645
But for now, I want you to focus on just
this low and the range high up here.
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This high up here is completely,
uh, linked to this last off
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candle or bull shorter block.
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I'm sorry.
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Bullish candle, private download,
which is bare shoulder block.
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This move here, just subsequent slide.
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And the Kiwi was a move away
from this consolidation.
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We returned back to it here.
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So while price was
delivered on the monthly.
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Once leaving this up candle breaking
a here price was delivered on a
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00:03:58,465 --> 00:04:01,465
downside here, here, here, and here.
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00:04:01,885 --> 00:04:06,265
Surprise had to rebalance on the monthly
to get back up to this area here,
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this low on this candle and it's open.
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So there's your PDA or reference
point on the high end and the low end.
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We're going to assume
that this is the old low.
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So we have to start looking for where
price would look to form support levels.
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What levels would offer institutional
sponsorship for buying what
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PDAs would be used in that idea?
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Well, that would be a
mitigation blocks below us.
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It would be bullish breakers.
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It would be liquidity voids that need to
be filled in after a rally up, it would
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be a fair value gap below market price.
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It would be a bullish or block.
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It would be a rejection
block below the candles.
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And below in old, low, or add
an old high there's your PDAs
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that you would be looking for?
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Well, if you start applying those to the
monthly chart, you end up with something
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like this and it looks rather busy.
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I know.
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And this is the reason why I don't
show all my charts all the time.
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00:05:09,345 --> 00:05:13,035
So when we go through price action
study and I refer to specific
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levels and I say, and it seems a
lot of times like it's off the cuff.
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Like I like this certain level, or I
like that certain level, what you're not
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seeing is I'm actually breaking down the
monthly and the weekly and the daily, like
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you're going to see in this teaching here.
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So I have these levels in my notes
and also have these levels in my
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charts, apart from the things I show.
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Either the live sessions, or if I show
you something on like on YouTube and I
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was doing a free tutorials and sections
on price action, I would keep my charts
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real clean, which I think in a way
promoted the idea of confusion while
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I stayed in where I'm a free teaching,
because it was hard for people to grasp
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where I was getting these levels from.
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Why was it so white?
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Why is it, why is it that level?
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You know, and sometimes it would line up
with the obvious bare, shorter block or
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00:06:03,855 --> 00:06:07,815
a bullet shorter block, or would it be
an obvious higher, low, but not always.
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And the reason why is because,
like I said, I didn't want
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to give the information out.
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Okay.
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So you're paying for it
so you can learn it now.
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So what we do is we go through the
monthly chart and we identify a low.
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And we identify a high of some sort.
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In other words, we define a premium level.
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We clearly can see and we outline or
define a discount level, or basically in
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common terms, they support resistance.
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00:06:35,580 --> 00:06:38,280
Now, the reason why I didn't say
support or resistance, because it's
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too vague, nothing you're learning in
this teaching or in this mentorship
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is vague supply and demand is vague.
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It gives you ranges.
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I'm going to give you specific levels
exactly what the algorithm will reach
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for and why it reaches for these levels.
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We all look at zones.
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We don't look at areas.
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We look at specific price levels,
price levels have to get to this level.
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If it fails to get to that level
and hovers below it, where we
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wait for it to trade up to it.
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If it trades to.
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And rejects.
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We start looking below that market price.
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Okay.
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For the discount or the
PDAs below par price action.
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There's nothing ambiguous
about what you're learning.
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You're going to be learning
specific price levels.
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As we outline this, just
remind yourself constantly.
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This is not supply and demand.
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This is exactly two eight level.
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It's not an area it's not a well, if it
gets up in this area, I'll look to sell.
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Where do you look to sell and supply and
demand and resistance and support, which
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support resistance level do you use?
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There's all kinds of ways of
defining support, resistance,
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diagnose, support, resistance,
or as animal support resistance.
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Which one are you going to look at?
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An old, low and old high,
which candle, if you're looking
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at specific candle patterns.
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Okay.
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For supporting resistance,
which one are you doing?
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See that's that was the
struggling point for me.
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And when I understand.
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What price is actually reaching
for in enabled me to define
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it to specific price levels.
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So just to remind you that that's the
main takeaway of this teaching today.
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So write in your notes right now.
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Main focus point today is how to determine
specific price levels, not zones.
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And we're going to break that down now.
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All right.
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So we have this down candle here that
was validated as a bullish order block.
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00:08:29,534 --> 00:08:29,685
Okay.
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Now I understand this is going to be
a little bit busy, but you'll have
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to endure it because there's no other
way for me to do this without actually
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making a thousand different slides.
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Okay.
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And then really beating it to death, but
you'll see, it's not that hard to file.
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I'm going to get rid of the green
background cause we know what we're
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looking at now, the range, and we're
going to start here each dotted
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vertical line or dashed vertical line.
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Let's say it like that, Michael.
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Okay.
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References a downcast.
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Okay.
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So we saw price come down here.
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We're going to assume we anticipated
some measure of support, even if we
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didn't, who cares because the bottom
line is, is this candle here now
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validates us as a bullet or block.
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So we have to now start thinking,
okay, this down candle, it may be
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sensitive in the future for support.
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So we have to refer to this, uh, PDA in
the case that it should provide support.
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If it breaks down, then we know that the
trend is going to continue going lower.
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In this case, we saw price trade
through it on this up handle.
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So now we have to refer to this down
candle as a potential bullish PDA.
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So if we know that this is a
potential bullish or block and price
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could move higher, the immediate
point of decision for you is okay.
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If it is going to go higher, And if
this is in fact, a bullish reference
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point or support level, where is the
resistance or in a way we determine it.
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Where's the premium level that
the algorithm should reach for it.
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You start looking okay.
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Going through your whole list of things
above market price would be mitigation
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blocks, bears, breakers, liquidity
voids, fair value gaps, bearish order box
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rejection blocks, old highs or old low.
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We have a void in price, and here
we have a fair value gap in here.
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Price is only delivered in
a small little section here.
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00:10:34,305 --> 00:10:35,835
We have a bare shorter block here.
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We have the low and the
opening both defined.
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Okay.
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And then we have what would be
a re rejection block above the
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bodies of these candles in here.
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And then we have the.
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Okay.
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And then we have an old, low back here.
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We're not going to find every single
one because it'd be a lot more
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information on here than it needs to be.
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But I'm going to show you how I
take this information and I keep it
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user-friendly to me, because even with
all this on here, I'm sure few you're
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saying, wow, that's a lot of levels.
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Which one do I use?
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You're going to see.
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00:11:05,100 --> 00:11:05,730
It's very easy.
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00:11:05,740 --> 00:11:07,980
Trust me to go through
the process with me.
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00:11:08,550 --> 00:11:12,240
So we define this down candle
with a vertical line, delineating
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00:11:12,240 --> 00:11:15,060
that now, why am I having a
vertical line dash like that?
199
00:11:15,390 --> 00:11:17,340
Because when we dropped down to
a lower timeframe, you need to
200
00:11:17,340 --> 00:11:21,810
know where that marker or that
PDA on a hard timeframe begins.
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00:11:22,230 --> 00:11:25,290
It will be very easy for you to
be confused if you don't do this.
202
00:11:25,860 --> 00:11:29,430
In other words, if I have this level,
for instance, this line here, I have it
203
00:11:29,430 --> 00:11:31,800
defined as a bullish or block on the open.
204
00:11:32,550 --> 00:11:32,940
Okay.
205
00:11:33,360 --> 00:11:35,550
What that means is this
is the bullish or block.
206
00:11:36,270 --> 00:11:37,140
It's the down candle, right?
207
00:11:37,140 --> 00:11:39,660
For the up move, but it's
the open of that candle.
208
00:11:40,560 --> 00:11:42,000
So I defined levels.
209
00:11:43,920 --> 00:11:46,199
No, the label monthly
bullish border block.
210
00:11:46,290 --> 00:11:48,209
And I'm referencing as the open price.
211
00:11:49,650 --> 00:11:54,750
This one here, little bit thicker, says
monthly bullish or block mean threshold.
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00:11:55,380 --> 00:11:58,170
What that is is this candle here.
213
00:11:59,160 --> 00:11:59,370
Okay.
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00:11:59,370 --> 00:12:00,360
I'm referencing this one.
215
00:12:00,600 --> 00:12:05,100
And how I know that becomes
a level of a future interest.
216
00:12:05,339 --> 00:12:08,339
I have to delineate that
with a vertical dash line.
217
00:12:08,520 --> 00:12:11,850
So that way everything to the
right of that dash line references,
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00:12:11,939 --> 00:12:15,630
this mean threshold to the price
should be sensitive to that.
219
00:12:16,079 --> 00:12:18,990
The opening price on this candle
also is this long here, the
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00:12:18,990 --> 00:12:20,640
monthly bullish or blocks open.
221
00:12:21,240 --> 00:12:21,990
So it's this one here.
222
00:12:22,410 --> 00:12:30,180
So this candle it's open is here
and this candle here is high.
223
00:12:30,420 --> 00:12:33,180
You can't see it because the
vertical line, I mean, just
224
00:12:33,180 --> 00:12:34,410
scrunch it over here a little bit.
225
00:12:36,825 --> 00:12:37,755
There's that high right there.
226
00:12:38,565 --> 00:12:38,805
Okay.
227
00:12:38,805 --> 00:12:39,795
That's why I have it like that.
228
00:12:41,805 --> 00:12:44,715
Now I have it back where it needs to be so
everything to the right, when we dropped
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00:12:44,715 --> 00:12:49,035
down to a weekly and daily, everything
to the right of this dash line represents
230
00:12:49,065 --> 00:12:53,415
this bullish order, block, everything to
the right of this dash line represents
231
00:12:53,895 --> 00:12:58,365
a sensitivity for this bullish or block,
and it's in, uh, respective, uh, levels.
232
00:12:58,845 --> 00:13:02,775
And then you have this down
candle, which is delineated by a
233
00:13:02,775 --> 00:13:05,925
dashed vertical line, everything
to the right of it, those levels.
234
00:13:05,925 --> 00:13:08,655
This is the mean threshold
of this bullish or block.
235
00:13:09,075 --> 00:13:11,085
This is the opening price
of that order block.
236
00:13:11,115 --> 00:13:13,575
And this is the high order block.
237
00:13:13,605 --> 00:13:19,455
Now, folks that don't understand
or block theory, okay.
238
00:13:19,815 --> 00:13:23,955
They quickly walk away from it when
they start having to deal with, okay.
239
00:13:23,955 --> 00:13:27,015
Is it the open, is it the high
it's the low, or is it the closed?
240
00:13:27,795 --> 00:13:31,785
I, you know, I'm commonly referred
to, as I quote personally, But
241
00:13:31,785 --> 00:13:32,805
it could be either one of those.
242
00:13:32,895 --> 00:13:36,555
Well, it's not either one of those
it's with a bearish order block, you're
243
00:13:36,555 --> 00:13:41,045
looking at the low, or you're looking
at the opening on a bullish or block.
244
00:13:41,085 --> 00:13:44,445
You you'll have the high
or the opening, that's it.
245
00:13:44,475 --> 00:13:45,495
The two reference points.
246
00:13:45,675 --> 00:13:47,955
There are the most, two
sensitive price points.
247
00:13:48,465 --> 00:13:51,135
If there is a gap, okay.
248
00:13:51,135 --> 00:13:54,855
If there's a gap that's going to
impact your ability to determine
249
00:13:54,855 --> 00:13:57,855
whether or not you're going to
using the low or the opening.
250
00:13:58,695 --> 00:13:59,235
It's simple.
251
00:13:59,685 --> 00:14:07,275
So, or the high or the opening for bullish
or blocks, if it goes below those two
252
00:14:07,275 --> 00:14:11,085
reference points and it can, and that's
the part you never know for certain,
253
00:14:11,085 --> 00:14:12,195
that's the reason why we trade with stock.
254
00:14:13,439 --> 00:14:16,500
Then you have to concern yourself
with the mean threshold, because that
255
00:14:16,500 --> 00:14:17,760
becomes the last line in the sand.
256
00:14:18,480 --> 00:14:22,620
Now that in itself also can be
violated on it on a short-term basis.
257
00:14:22,620 --> 00:14:26,790
So you have to allow some measure
of adversity in your trade.
258
00:14:26,939 --> 00:14:29,819
You can't define your trade, okay.
259
00:14:29,829 --> 00:14:33,719
Until it moves away from an oral block
like that, and then it starts moving away.
260
00:14:33,930 --> 00:14:37,620
Then you can start being more
specific or, or, uh, defined
261
00:14:37,620 --> 00:14:38,640
about where your stop-loss off.
262
00:14:38,699 --> 00:14:39,900
There are no words.
263
00:14:39,900 --> 00:14:44,490
What I mean by that is say this down
candle here, when it becomes a valid
264
00:14:44,730 --> 00:14:47,099
as a bull shoulder block right in here.
265
00:14:47,579 --> 00:14:48,060
Okay.
266
00:14:48,180 --> 00:14:51,390
This down candle becomes a buying
opportunity for smart money.
267
00:14:51,720 --> 00:14:54,329
It's validated when we see
price, move away from it, that
268
00:14:54,510 --> 00:14:55,709
shows that they did buy it.
269
00:14:56,640 --> 00:14:58,410
Then you can start looking
at the mean threshold.
270
00:14:59,265 --> 00:14:59,595
Okay.
271
00:14:59,595 --> 00:15:03,135
As a means of supporting the idea
that your stops should be at that
272
00:15:03,135 --> 00:15:06,525
level or just below it, because
price has already moved away from it.
273
00:15:06,555 --> 00:15:07,995
It's shown a willingness
to move away from it.
274
00:15:07,995 --> 00:15:12,885
So now it should not return back to
this, the initial trade back into it.
275
00:15:12,885 --> 00:15:17,625
The first time it can go down to the
mean threshold and violated just a
276
00:15:17,625 --> 00:15:19,454
little bit and still be a valid signal.
277
00:15:20,385 --> 00:15:25,005
As you can see over here, it does it at a
later time, but this is a monthly range.
278
00:15:25,005 --> 00:15:28,305
There's a lot of pips in here
offered before it even trades
279
00:15:28,305 --> 00:15:32,324
back down here, each little square
delineates, the area at which I told
280
00:15:32,324 --> 00:15:33,885
you to study for the swing trade.
281
00:15:33,925 --> 00:15:36,255
We'll see those when we drop
down into the weekly and daily.
282
00:15:38,204 --> 00:15:41,235
So I mapped out every
single a or block in here.
283
00:15:41,235 --> 00:15:47,235
And I also just for this one, I have just
the opening on this candle right here.
284
00:15:49,005 --> 00:15:50,995
I have the order block.
285
00:15:50,995 --> 00:15:51,135
Ha.
286
00:15:52,950 --> 00:15:53,670
Which is this one.
287
00:15:55,170 --> 00:15:57,930
And this level here is the
open on this order block.
288
00:15:57,930 --> 00:16:00,960
I'm going to see the
significance of that up here.
289
00:16:00,960 --> 00:16:02,040
We have the premium level.
290
00:16:02,040 --> 00:16:05,310
We identify we're looking at the
bearish order block, which completes
291
00:16:05,310 --> 00:16:09,240
this range of down delivery or
price or Southside delivery.
292
00:16:09,240 --> 00:16:11,940
Only price should rebalance
by moving higher up.
293
00:16:12,900 --> 00:16:15,150
I'm referencing the
low of the order block.
294
00:16:15,150 --> 00:16:18,180
I'm referencing the open on
the order block and the main
295
00:16:18,180 --> 00:16:20,310
threshold of that last up candle.
296
00:16:20,970 --> 00:16:21,150
Okay.
297
00:16:21,150 --> 00:16:24,600
So there's your, your premium
levels and it's not a zone
298
00:16:24,660 --> 00:16:26,290
there, specific price levels.
299
00:16:26,290 --> 00:16:29,060
And we're going to talk about what
we do at these levels to refine them.
300
00:16:29,060 --> 00:16:30,270
And we go down to a lower timeframe.
301
00:16:30,900 --> 00:16:32,700
So this is what I've mapped out.
302
00:16:32,910 --> 00:16:37,920
Now, when you do on your own charts
is up to you to keep these, uh,
303
00:16:38,430 --> 00:16:43,260
uh, levels, uh, I guess, easy
for you to follow along to me.
304
00:16:43,260 --> 00:16:44,610
I just know what I'm looking for.
305
00:16:44,610 --> 00:16:46,050
I'm used to doing it this way.
306
00:16:46,440 --> 00:16:48,840
Um, I certainly don't want to
pressure you into a mode where you
307
00:16:48,840 --> 00:16:49,880
have to do it this way, because.
308
00:16:50,925 --> 00:16:52,215
Because you're being introduced to it.
309
00:16:52,215 --> 00:16:54,525
It's going to offer a
lot of different levels.
310
00:16:54,615 --> 00:16:58,875
And when the levels are traded, too,
what I like to do is I like to dim the
311
00:16:58,875 --> 00:17:03,705
color to like an off gray kind of like
when you see me doing the thing with the
312
00:17:03,855 --> 00:17:08,415
buy-side liquidity and self liquidity on
our charts on a daily basis, went trades
313
00:17:08,415 --> 00:17:09,585
to a level that you will see today.
314
00:17:09,585 --> 00:17:13,265
In some of the charts actually went
down below a sell side liquidity areas
315
00:17:13,275 --> 00:17:17,775
for liquidity pools once that's hit,
or in other words, once they traded
316
00:17:17,895 --> 00:17:21,255
at the order block and moved away, I
will keep the level there, but I'll
317
00:17:21,255 --> 00:17:23,415
just change it to a grade grade level.
318
00:17:23,505 --> 00:17:26,925
So that means it's reminding me that
they could reclaim that label level
319
00:17:26,925 --> 00:17:33,405
later on, but it's already acted as
a, uh, a driver for price to move
320
00:17:33,405 --> 00:17:34,905
away from that particular level.
321
00:17:34,905 --> 00:17:38,955
Other words, if we seen price come down
to this level here, uh, the monthly
322
00:17:38,955 --> 00:17:43,305
Bush or block open, if it trades to
that level and price goes higher, I
323
00:17:43,305 --> 00:17:47,145
will dim this color from a blue, which
would be like an active color for me.
324
00:17:49,455 --> 00:17:54,135
I trade, not trade it for a Dem off
color where it shows me it's already
325
00:17:54,135 --> 00:17:57,764
acted as a support level, or it's
already been capitalized for buys.
326
00:17:58,395 --> 00:18:02,235
So it's not as sensitive
or a high-impact anymore.
327
00:18:02,264 --> 00:18:04,845
I'm going to be looking for the
ones that haven't been traded
328
00:18:04,845 --> 00:18:06,375
to, but this is how it starts.
329
00:18:06,375 --> 00:18:10,365
You, you frame out the marketplace
like this, these ideas.
330
00:18:10,725 --> 00:18:12,764
Now, obviously you wouldn't
have this level here.
331
00:18:13,425 --> 00:18:13,665
Okay.
332
00:18:13,665 --> 00:18:17,235
All these levels, when price was trading
here, you would only have the levels
333
00:18:17,235 --> 00:18:19,365
that's directly related to this candle.
334
00:18:19,455 --> 00:18:22,395
And then the premium level
up here on identified.
335
00:18:22,995 --> 00:18:25,575
But when we dropped down
into a weekly chart, okay.
336
00:18:25,605 --> 00:18:28,635
And I'm going to take
these orange boxes off.
337
00:18:28,665 --> 00:18:33,825
All that was, was showing the
separation of every three months or so.
338
00:18:34,054 --> 00:18:37,304
So you can see how that before I take
them off, you can see how they pretty
339
00:18:37,304 --> 00:18:42,885
much peg every major intermediate
term swing on a weekly basis is
340
00:18:42,885 --> 00:18:44,325
every, every three months or so.
341
00:18:44,534 --> 00:18:44,804
Okay.
342
00:18:44,804 --> 00:18:45,945
So we're looking at.
343
00:18:48,010 --> 00:18:53,380
The weekly chart and here's how that
vertical line delineates the bullish or
344
00:18:53,380 --> 00:18:59,920
blocks here's one, here's two, three in
the most recent one, here is everything
345
00:18:59,920 --> 00:19:06,310
to the right is going to be sensitive to
that bullet or block levels though high
346
00:19:07,000 --> 00:19:08,500
and the open and the mean threshold.
347
00:19:10,030 --> 00:19:14,470
I want you to take a look at how price
also creates on the weekly chart,
348
00:19:14,560 --> 00:19:19,160
its own lower timeframe, PDA levels.
349
00:19:19,160 --> 00:19:23,350
So for instance, we have the
down candle here, the high, the
350
00:19:23,350 --> 00:19:24,730
open, and it means threshold.
351
00:19:26,620 --> 00:19:28,780
What do you think that
low is reaching into?
352
00:19:28,780 --> 00:19:31,690
And what do you think that low
is reaching into we're inside
353
00:19:31,690 --> 00:19:34,150
of the big bullish monthly or.
354
00:19:35,670 --> 00:19:36,840
'cause serious there's levels here.
355
00:19:37,080 --> 00:19:40,470
And I did not put the mean threshold on
that lowest low, because I want to show
356
00:19:40,470 --> 00:19:44,070
you what we're seeing in the weekly chart,
because you wouldn't necessarily have
357
00:19:44,070 --> 00:19:46,320
that much emphasis placed on me threshold.
358
00:19:46,320 --> 00:19:49,110
Cause you don't know for certain, if
it's going to be a bullish order block
359
00:19:49,140 --> 00:19:55,020
until we get this move here, once it
rally through Dan becomes it's validation
360
00:19:55,020 --> 00:20:01,170
for a bullshitter block, price comes
down into the main threshold of this
361
00:20:01,170 --> 00:20:03,420
down candle here on a weekly chart.
362
00:20:03,810 --> 00:20:06,450
So everything that we've done
on a monthly, you're going to
363
00:20:06,450 --> 00:20:07,800
do the same thing on a weekly.
364
00:20:08,130 --> 00:20:13,860
Now again, what I do is I have a separate
chart where I have the levels on a
365
00:20:13,860 --> 00:20:16,590
monthly and I do them in line segments.
366
00:20:17,010 --> 00:20:17,400
Okay.
367
00:20:17,640 --> 00:20:20,040
And you actually see me do this when
we, when you start applying it all.
368
00:20:20,040 --> 00:20:23,940
But for now, I want you to show,
show you how it is developed and
369
00:20:23,940 --> 00:20:28,020
you look at it and find it on your
own charts for the monthly basis.
370
00:20:28,020 --> 00:20:29,640
You draw the levels from a disk.
371
00:20:30,675 --> 00:20:35,235
I'll outline your PDAs, your bull,
shorter blocks and such, and your premium
372
00:20:35,235 --> 00:20:39,465
levels where your bear shorter blocks
and such would be above market price.
373
00:20:40,275 --> 00:20:45,045
Once you identify that you're identifying
specific price levels, you're not
374
00:20:45,045 --> 00:20:48,765
doing zones or any kind of shading area
like dome boxes or anything like that.
375
00:20:48,765 --> 00:20:52,695
But you're focusing on what
price may reach for in terms
376
00:20:52,695 --> 00:20:54,465
of specific price levels.
377
00:20:54,465 --> 00:20:58,635
Based on these higher timeframe
levels right away, you can see how
378
00:20:58,635 --> 00:21:02,055
much sensitivity just by dropping
from monthly down into a weekly
379
00:21:02,385 --> 00:21:03,555
has caused for these levels.
380
00:21:03,555 --> 00:21:06,885
The only thing that these two levels
down here don't show is because
381
00:21:06,885 --> 00:21:10,125
we didn't have any reference point
with the weekly on the chart yet.
382
00:21:10,635 --> 00:21:11,535
And that's what we're seeing here.
383
00:21:11,955 --> 00:21:12,165
Okay.
384
00:21:12,165 --> 00:21:15,735
So you can apply that here
without creating mass confusion,
385
00:21:15,825 --> 00:21:21,105
to having multiple, uh, array of
things for the weekly chart apply.
386
00:21:21,105 --> 00:21:23,055
But I want you to see
just a monthly alone.
387
00:21:24,570 --> 00:21:28,560
And so if you focus on a monthly
PDAs, that will give you really
388
00:21:28,590 --> 00:21:32,700
stellar setups for swing trading,
it'll also give you when we can set
389
00:21:32,700 --> 00:21:34,470
us for your short-term trades as well.
390
00:21:35,970 --> 00:21:39,420
So we have the market create a short term,
low price comes down and takes out that
391
00:21:39,420 --> 00:21:41,600
low and returns back into means threshold.
392
00:21:41,640 --> 00:21:44,010
The last down candle on a weekly basis.
393
00:21:44,760 --> 00:21:48,480
With that one aside let's just start
moving forward in the delivery of price.
394
00:21:49,650 --> 00:21:52,710
Price opens here, trades back
down into what's this level
395
00:21:52,710 --> 00:21:55,950
here I can get the show up.
396
00:21:56,370 --> 00:21:58,380
It's a monthly bullish or blocks open.
397
00:21:59,370 --> 00:22:03,720
So it's coming back down into
the opening of that or block this
398
00:22:03,720 --> 00:22:04,860
one that was started over here.
399
00:22:05,490 --> 00:22:11,040
So it's coming back, capitalizing
that level again, the level is the
400
00:22:11,040 --> 00:22:19,800
low comes in a 65 75 and we have
66 0 2 delineated as our order
401
00:22:19,800 --> 00:22:22,200
block open again on a monthly rate.
402
00:22:23,655 --> 00:22:26,715
Price shows a willingness to want
to move away, comes back down
403
00:22:28,004 --> 00:22:29,475
to bodies of the candle equal.
404
00:22:29,475 --> 00:22:35,295
And here we have a monthly Bush or block
high it's trading into that level there.
405
00:22:35,745 --> 00:22:36,105
Okay.
406
00:22:36,855 --> 00:22:39,465
Price shows a willingness
to be bullish as well.
407
00:22:39,465 --> 00:22:44,024
Rallies back up goes into the monthly
bullish or a block mean threshold.
408
00:22:47,264 --> 00:22:48,165
That would not be that one.
409
00:22:48,165 --> 00:22:48,945
It'd be this one here.
410
00:22:49,635 --> 00:22:49,845
Yeah.
411
00:22:50,024 --> 00:22:52,425
So that's a, you have to be, this
is what I'm trying to tell you.
412
00:22:52,425 --> 00:22:55,784
You have to be mindful of it going forward
because you're looking at this one here.
413
00:22:57,495 --> 00:23:01,845
So when she trades through or from
these levels, you dim them out go to
414
00:23:01,845 --> 00:23:04,985
a gray level or like I do, I go and I.
415
00:23:06,105 --> 00:23:08,235
Trend lines, uh, segments and Allbirds.
416
00:23:08,235 --> 00:23:11,835
I draw from a specific level where
it's only one little piece of a line
417
00:23:11,865 --> 00:23:16,725
out to the right, and that keeps
my charts very clean and poorly.
418
00:23:17,325 --> 00:23:20,205
But for some of you that may
not be what you want to do.
419
00:23:20,205 --> 00:23:22,635
You might be comfortable using
the horizontal lines like we're
420
00:23:22,635 --> 00:23:25,725
doing here, but just, just remind
yourself that it's going to cause
421
00:23:25,755 --> 00:23:27,495
some confusion as we go forward.
422
00:23:27,495 --> 00:23:32,115
And if you don't find a way to dim
these levels out, as you go forward, you
423
00:23:32,115 --> 00:23:35,775
will refer to them at a time when you
probably shouldn't be looking at them.
424
00:23:35,775 --> 00:23:40,635
But nonetheless, just looking at the
price alone, how many times that price
425
00:23:40,815 --> 00:23:46,035
respond off of these levels and what
was the significant, uh, outcome?
426
00:23:47,565 --> 00:23:49,095
They were not small little moves.
427
00:23:49,455 --> 00:23:50,415
They were big moves.
428
00:23:50,475 --> 00:23:56,865
They were small ranges before the big
moves, but the price swings were driving
429
00:23:56,865 --> 00:24:00,225
towards a monthly PDA or bare shoulder.
430
00:24:01,605 --> 00:24:04,425
At a time when the market was already
showing a willingness, as we shown
431
00:24:04,425 --> 00:24:11,205
yesterday with, uh, uh, market profiling,
this market was moving higher and
432
00:24:11,205 --> 00:24:15,585
was showing evidences of every down
candle was seeing with new buying.
433
00:24:16,395 --> 00:24:21,855
We have a down candle here, price showed
willingness to buy at it here because
434
00:24:21,855 --> 00:24:23,294
the trade hectic back down into it.
435
00:24:24,495 --> 00:24:32,205
This movement here came by way of
bouncing out more buying here, there.
436
00:24:32,235 --> 00:24:33,465
And was there buying yes.
437
00:24:33,794 --> 00:24:38,415
This down candle here when price traded
down into it, did it repel price higher?
438
00:24:38,595 --> 00:24:39,105
Yes.
439
00:24:39,585 --> 00:24:42,044
This is how you see
professional accumulation.
440
00:24:42,345 --> 00:24:47,564
It's supporting the idea that there really
is smart money buyers in the marketplace.
441
00:24:48,014 --> 00:24:49,304
You don't need trend lines.
442
00:24:49,304 --> 00:24:50,355
You don't need moving averages.
443
00:24:50,385 --> 00:24:52,814
What you're looking at is
institutional order flow at its
444
00:24:52,814 --> 00:24:55,935
core essential central tenants.
445
00:24:56,024 --> 00:24:56,774
This is what it looks.
446
00:24:58,070 --> 00:25:01,430
If you're bullish on a market to
evidence quickly that you know that
447
00:25:01,430 --> 00:25:05,870
you are seeing a bullish market,
and that is a real buying going on.
448
00:25:06,470 --> 00:25:07,970
You don't need footprints.
449
00:25:08,000 --> 00:25:11,210
You don't need ladders, you
don't need, uh, you know, all
450
00:25:11,210 --> 00:25:12,350
these other things out there.
451
00:25:12,410 --> 00:25:14,270
You just simply look at
what price is showing you.
452
00:25:14,990 --> 00:25:19,130
If price is supported with down candles
being traded to and prices moving
453
00:25:19,130 --> 00:25:23,960
higher off of that, there's smart
money buying it's as easy as that.
454
00:25:24,650 --> 00:25:27,680
So every time we see a down
candle, are we seeing buying?
455
00:25:27,680 --> 00:25:29,330
Yes, here's a down candle here.
456
00:25:29,630 --> 00:25:30,680
Price comes down into it.
457
00:25:30,740 --> 00:25:31,520
It's in that range.
458
00:25:31,550 --> 00:25:32,210
Is it buying?
459
00:25:32,270 --> 00:25:32,870
Absolutely.
460
00:25:32,870 --> 00:25:33,260
There is.
461
00:25:34,130 --> 00:25:34,430
Okay.
462
00:25:34,880 --> 00:25:38,030
We have this one, two and
decisive candle three.
463
00:25:38,360 --> 00:25:42,560
This whole series is a bullshitter,
blah price trades back down into that.
464
00:25:42,560 --> 00:25:43,310
Is it buying?
465
00:25:43,670 --> 00:25:44,360
Absolutely.
466
00:25:45,260 --> 00:25:47,660
Here's a down candle
price trades down into it.
467
00:25:47,720 --> 00:25:48,350
Is there a buying?
468
00:25:48,350 --> 00:25:49,040
Absolutely.
469
00:25:49,220 --> 00:25:52,850
Does it get through the
previous area of premium?
470
00:25:52,940 --> 00:25:55,190
No, but it trades up into that area.
471
00:25:56,175 --> 00:26:01,155
And the lowest one above the marketplace
was the bearish or blocks low.
472
00:26:01,935 --> 00:26:04,185
And that comes in at 73 87.
473
00:26:04,425 --> 00:26:11,294
Now the way I use this information as, as
best, hi, I'm looking for 73 87, which is
474
00:26:11,294 --> 00:26:14,655
the barest monthly or blocks candles low.
475
00:26:15,375 --> 00:26:17,895
We round down when we're
below the marketplace and we
476
00:26:17,925 --> 00:26:19,395
were below the marketplace.
477
00:26:19,784 --> 00:26:22,425
So price trades up to these levels.
478
00:26:22,695 --> 00:26:26,085
We don't, we do not demand
that level or higher.
479
00:26:26,355 --> 00:26:28,605
We look for an exit that's early.
480
00:26:28,995 --> 00:26:36,435
So if we're looking at that level, 73,
87, we could use 73, 85, 73 80 would be
481
00:26:36,554 --> 00:26:41,955
in my opinion, the best one because it's
institutional ground 80 level, and the
482
00:26:41,955 --> 00:26:43,274
markets like the trade to those levels.
483
00:26:43,635 --> 00:26:52,034
But the high goes all the way through the
monthly bearish or blocks open at 74 46.
484
00:26:52,215 --> 00:26:54,554
So you can use 74 45 around five.
485
00:26:55,560 --> 00:27:02,250
And, or the 74 40 level, or if you just
want to be safe about it, you can just
486
00:27:02,250 --> 00:27:04,379
do the 74, 20 level institutional level.
487
00:27:04,409 --> 00:27:08,520
And just allow that extra 26 points
for someone else to try to catch.
488
00:27:09,149 --> 00:27:12,659
And here's what happens if you try
to reach for the means threshold it's
489
00:27:12,659 --> 00:27:17,699
75, 23, the high comes in at 74 85.
490
00:27:17,730 --> 00:27:20,159
It gets almost there, but it can't do it.
491
00:27:22,409 --> 00:27:24,840
So we have buying here off of this one.
492
00:27:25,590 --> 00:27:25,770
Okay.
493
00:27:25,770 --> 00:27:26,850
Price comes back down.
494
00:27:26,879 --> 00:27:28,290
There's a little bit of buying in here.
495
00:27:28,500 --> 00:27:36,570
Also rallies in here, prices reaching
into monthly Bush or block means threshold
496
00:27:37,710 --> 00:27:39,360
to the means threshold down candle.
497
00:27:39,930 --> 00:27:42,000
That's what we're seeing to
buying opportunity off of here.
498
00:27:42,870 --> 00:27:46,530
So when you look at price every
time there's a rally, look,
499
00:27:46,530 --> 00:27:49,500
what's the look what you see
here, monthly Bush or blocks open.
500
00:27:52,350 --> 00:27:52,770
Same thing.
501
00:27:53,985 --> 00:27:56,385
One to the level it's trading off.
502
00:27:56,415 --> 00:27:58,395
Oh, here, monthly order block.
503
00:27:58,545 --> 00:28:02,395
Hi and bullish order blocks.
504
00:28:02,395 --> 00:28:07,315
Open to every one of these specific
price points for swing trading.
505
00:28:07,375 --> 00:28:11,695
Now, again, we're not talking about day
trades or, or, uh, anything less than
506
00:28:11,695 --> 00:28:16,735
a four hour basis, the way you frame
it is you're looking for institutional
507
00:28:16,735 --> 00:28:20,245
order flow to support the idea that
price wants to go higher or lower.
508
00:28:20,515 --> 00:28:23,245
In this case, we're seeing evidences
that it wants to go higher.
509
00:28:23,245 --> 00:28:23,455
Why?
510
00:28:23,455 --> 00:28:27,265
Because every down candle find some
support and they capitalize new
511
00:28:27,265 --> 00:28:28,765
longs off of those down candles.
512
00:28:29,305 --> 00:28:32,455
And it's also occurring
at our monthly PDAs.
513
00:28:33,835 --> 00:28:36,145
The monthly chart is a,
this is all those levels.
514
00:28:36,385 --> 00:28:41,965
There's 1, 2, 3, 4 bullshitter
blocks on a monthly chart delineate
515
00:28:41,995 --> 00:28:43,645
by the vertical dash lines.
516
00:28:44,425 --> 00:28:48,355
And all of the blue lines are just
referencing the high of the bullish
517
00:28:48,355 --> 00:28:50,125
or block the open or the mainstream.
518
00:28:51,090 --> 00:28:53,399
The main threshold or
the darker thicker ones.
519
00:28:54,540 --> 00:28:54,840
Okay.
520
00:28:56,550 --> 00:28:59,879
When we dropped down into a daily
chart, things get a lot more clear.
521
00:29:00,120 --> 00:29:00,330
Okay.
522
00:29:00,330 --> 00:29:05,190
So here's our first bull shoulder
block price trades down into that
523
00:29:05,190 --> 00:29:08,730
level and here Christ rallies away.
524
00:29:09,659 --> 00:29:12,510
And you can quickly see how
moving into a daily chart.
525
00:29:12,540 --> 00:29:17,760
You can refine the order block to reduce
the risk that we've already arrived at
526
00:29:18,240 --> 00:29:21,540
on a monthly basis and or weekly basis.
527
00:29:23,310 --> 00:29:24,210
Price comes back down.
528
00:29:24,210 --> 00:29:28,020
Here's that first return to a
means threshold of the weekly
529
00:29:28,680 --> 00:29:31,230
bullish shorter block, which is
what we just outlined a moment ago.
530
00:29:31,500 --> 00:29:32,550
But also look what it's done.
531
00:29:32,550 --> 00:29:37,560
It's coming down below a daily
low, where what would be residing
532
00:29:37,560 --> 00:29:40,110
below that low sell stops.
533
00:29:40,500 --> 00:29:44,909
So it's a liquidity pool it runs
down into, and then does it show a
534
00:29:44,909 --> 00:29:46,500
willingness to get back above that low?
535
00:29:47,159 --> 00:29:47,700
Absolutely.
536
00:29:47,700 --> 00:29:48,919
As soon as it goes below a rally's.
537
00:29:50,639 --> 00:29:55,470
Now here's where the rubber meets the
road we have now, the bullish or block
538
00:29:55,470 --> 00:30:03,419
or PDA on a daily basis with the monthly
calling price, potentially up to here,
539
00:30:08,770 --> 00:30:15,070
the down candle is the bullshit or
block or bullish PDA on a daily basis.
540
00:30:16,090 --> 00:30:20,950
This down candle, you look at the
body of the candle, not the WIC, uh,
541
00:30:21,010 --> 00:30:24,730
not the high end or low end or the
actual high is tie in the lowest low.
542
00:30:25,030 --> 00:30:26,320
You look at the body of the candle.
543
00:30:26,560 --> 00:30:27,490
That's the order block.
544
00:30:28,270 --> 00:30:29,470
You take that range.
545
00:30:29,530 --> 00:30:29,889
Okay.
546
00:30:29,889 --> 00:30:36,040
And if all you need is at least two
times that range to give you a valid buy.
547
00:30:36,070 --> 00:30:38,139
That's your, that's your lyric filter.
548
00:30:38,139 --> 00:30:39,580
If you will, if you see that.
549
00:30:40,650 --> 00:30:43,320
If price moves away from that, that
much, it comes back down into it.
550
00:30:43,320 --> 00:30:46,290
You have a very strong,
probable buying opportunity.
551
00:30:46,379 --> 00:30:47,820
Why, why is that significant?
552
00:30:47,820 --> 00:30:51,720
Because it's showing a willingness
to displace price high enough to
553
00:30:51,720 --> 00:30:55,740
indicate not just a minor little blip,
it's wanting to go higher because
554
00:30:55,740 --> 00:30:57,090
there was real buying going on.
555
00:30:58,760 --> 00:31:01,400
Price comes back down
into the order block.
556
00:31:01,550 --> 00:31:05,570
Doesn't get to the main threshold,
but it does trade at the open, open
557
00:31:05,570 --> 00:31:14,160
on this candle is 64 42 opportunity to
trade back up into the void in here.
558
00:31:14,490 --> 00:31:17,820
All this price delivery
is only on the sell side.
559
00:31:18,930 --> 00:31:22,710
And we also have this down candle
right here, right before this new
560
00:31:22,710 --> 00:31:27,540
high above this high here that makes
this what a breaker bear Spreaker.
561
00:31:27,540 --> 00:31:34,100
So you have your PDA, uh, the daily
timeframe here all with this boy.
562
00:31:34,129 --> 00:31:37,310
So you could be a buyer down
here with the first objective
563
00:31:37,310 --> 00:31:38,600
of getting up into this break.
564
00:31:39,855 --> 00:31:46,275
Or you could use this mitigation block
price hits it here, consolidates trades,
565
00:31:46,275 --> 00:31:50,295
right back down to bullshit or block
here, and then rallies again, ultimately
566
00:31:50,295 --> 00:31:52,515
up into the breaker right there.
567
00:31:53,505 --> 00:31:56,685
Then price trades down into creates
another opportunity to be a buyer
568
00:31:57,345 --> 00:32:02,805
right in here, takes out a short term,
low what's below that sell stops.
569
00:32:05,145 --> 00:32:05,955
What's up in here.
570
00:32:06,735 --> 00:32:11,265
There's shorter block potential
breaker block, which is above
571
00:32:11,325 --> 00:32:16,275
these bodies of these candles price
rise up and trace through that.
572
00:32:16,275 --> 00:32:23,025
Now, again, the moose are not
small or significant while we're
573
00:32:23,025 --> 00:32:24,855
aiming for two weeks or longer.
574
00:32:25,245 --> 00:32:28,005
If you get several hundred pips, you
got a bank, some of that, you just
575
00:32:28,005 --> 00:32:31,545
can't just marry it and say, okay,
well it's going to go for two weeks
576
00:32:31,545 --> 00:32:33,315
because therefore it's a swing trade.
577
00:32:33,315 --> 00:32:34,875
It has to be a two week hold time.
578
00:32:34,905 --> 00:32:37,455
No, if you get several hundred
pips, you need the profit bank.
579
00:32:38,235 --> 00:32:41,865
It's where price meets that
you're just allowing the two
580
00:32:41,865 --> 00:32:44,445
weeks or longer to pan out.
581
00:32:44,655 --> 00:32:48,165
You don't want to, uh, you force,
the idea is to say, for instance,
582
00:32:48,165 --> 00:32:52,815
if you get in a trade and it moves
600 pips in your favor in five days,
583
00:32:53,445 --> 00:32:56,445
are you going to force yourself to
hold on to two weeks or a month?
584
00:32:56,445 --> 00:32:59,715
Because you think it's going to
bleed out more for you, or are
585
00:32:59,715 --> 00:33:02,115
you going to take a considerable
amount of profit off the table?
586
00:33:02,415 --> 00:33:04,095
Preferably you should be paying yourself.
587
00:33:04,125 --> 00:33:08,235
You should have paid yourself several
times in that move, but don't think just
588
00:33:08,235 --> 00:33:13,004
because the duration of the time, but
these setups are there for two weeks or
589
00:33:13,004 --> 00:33:14,715
longer that you have to hold that long.
590
00:33:15,105 --> 00:33:16,095
Don't think that way.
591
00:33:16,514 --> 00:33:20,865
And you have to consider where prices
moved to, but making profitable exits
592
00:33:20,895 --> 00:33:23,504
along the way, scaling out is essential.
593
00:33:23,715 --> 00:33:27,375
But every time you get a new buying
opportunity, you could add that profitable
594
00:33:27,375 --> 00:33:31,035
portion you took off back in and then
build that position right back in.
595
00:33:31,035 --> 00:33:31,995
But you see what you already made.
596
00:33:31,995 --> 00:33:32,745
You've made money.
597
00:33:33,075 --> 00:33:36,495
You allowed yourself to weather
a little bit of a retracement.
598
00:33:36,495 --> 00:33:37,215
If you're gonna hold something.
599
00:33:38,175 --> 00:33:39,495
On the position longer.
600
00:33:40,095 --> 00:33:42,855
And then you could add that position
back on at a later time when there's
601
00:33:42,855 --> 00:33:49,065
a new buying opportunity down candle,
right in here, measure the body.
602
00:33:50,055 --> 00:33:51,345
One, two times.
603
00:33:51,345 --> 00:33:53,205
It's about buy price comes back down.
604
00:33:53,534 --> 00:33:54,014
It's it.
605
00:33:54,915 --> 00:33:55,875
You want me to buyer here?
606
00:33:56,115 --> 00:34:00,315
Notice that it's really close to the
main threshold of the bull shorter block.
607
00:34:00,345 --> 00:34:05,415
And it's also inside of the high of
the monthly, uh, bull shoulder block.
608
00:34:05,504 --> 00:34:07,095
So it's capitalizing that same level.
609
00:34:07,305 --> 00:34:09,105
Look how much time it's spending.
610
00:34:09,495 --> 00:34:09,975
Okay.
611
00:34:10,395 --> 00:34:13,304
It's spending at the means threshold
of previous monthly or block
612
00:34:15,245 --> 00:34:17,675
hitting it, hitting it, hitting it,
hitting it, hitting it, hitting it.
613
00:34:20,045 --> 00:34:24,975
Rallies away breaks these two equal highs.
614
00:34:26,895 --> 00:34:29,864
And again, I want you to take notes
every time there's a down candle.
615
00:34:31,005 --> 00:34:34,574
Are they finding new
buying this down candle?
616
00:34:34,605 --> 00:34:34,875
They buy.
617
00:34:36,250 --> 00:34:40,210
This down candle, they buy,
they buy more of it here.
618
00:34:40,840 --> 00:34:42,370
They fail to get above the high here.
619
00:34:42,909 --> 00:34:46,210
So when this low is violated, you
have to wait for what it has to trade
620
00:34:46,210 --> 00:34:48,250
back down into a higher timeframe.
621
00:34:48,250 --> 00:34:48,759
PDA.
622
00:34:49,150 --> 00:34:51,279
You can't find support at
this bullish or block anymore.
623
00:34:51,310 --> 00:34:51,699
Okay.
624
00:34:51,909 --> 00:34:52,480
So what do you do?
625
00:34:52,509 --> 00:34:53,620
You drop back to a weekly.
626
00:34:54,310 --> 00:34:57,220
If you can't find it on a weekly, you
dropped back down to what the monthly
627
00:35:00,500 --> 00:35:03,590
there's your monthly level,
previous monthly bullish, or
628
00:35:03,590 --> 00:35:05,450
block price trades into it.
629
00:35:06,860 --> 00:35:11,870
Rallies away with aim for the PDA
above here, old highs, liquidity
630
00:35:12,259 --> 00:35:14,660
pool, price rallies up through it.
631
00:35:15,740 --> 00:35:16,700
Is there a new buying
632
00:35:20,020 --> 00:35:24,400
every down candle we're looking
for evidence that supports higher
633
00:35:24,400 --> 00:35:28,299
prices here, here, here, here.
634
00:35:28,330 --> 00:35:31,570
How many pips have moved based on
what we're already showing you here.
635
00:35:32,655 --> 00:35:34,335
Multitudes of pips.
636
00:35:34,695 --> 00:35:36,975
You're not getting a
trade every single week.
637
00:35:37,065 --> 00:35:38,745
You're not getting a trade every day.
638
00:35:39,225 --> 00:35:44,085
You're getting sizable moves, swing
trades based on the idea that the
639
00:35:44,085 --> 00:35:48,495
price is going to be eventually driving
towards what remember the goal is it's
640
00:35:48,495 --> 00:35:55,125
going to reach for the premium levels
up here, but it won't do it in one shot.
641
00:35:55,755 --> 00:35:59,105
It's going to gradually move up
here because it's a lot of pits.
642
00:35:59,115 --> 00:36:00,765
It's 1,260 pips.
643
00:36:01,125 --> 00:36:03,555
It's not going to move
in one day that much.
644
00:36:04,305 --> 00:36:08,235
So if it's going to have 1,260 pips,
or this is around it's to 1200 pips,
645
00:36:08,955 --> 00:36:13,215
if it's going to move 1200 pips, the
banks are going to want to capitalize
646
00:36:13,215 --> 00:36:17,085
on that move and be able to build them
positions by taking out those individuals.
647
00:36:17,085 --> 00:36:22,815
They're already long here, knock them
out and in build in more, buying, more,
648
00:36:22,815 --> 00:36:24,155
buying, more buying, come back down.
649
00:36:24,165 --> 00:36:24,915
Recapitalize.
650
00:36:24,915 --> 00:36:27,645
Why did this level we'll have
such a strong reaction because
651
00:36:27,645 --> 00:36:28,605
look at the consolidation.
652
00:36:29,924 --> 00:36:32,234
We moved away from it came
back down to equilibrium.
653
00:36:32,234 --> 00:36:36,105
Again, the range of this low
to this high went right down
654
00:36:36,105 --> 00:36:37,245
into equilibrium right there.
655
00:36:38,355 --> 00:36:42,315
That explosive price movement was
because they had finally built enough
656
00:36:42,315 --> 00:36:45,794
with their position in here to now
cause a large displacement in price.
657
00:36:46,035 --> 00:36:49,065
Once it takes off there, it doesn't give
anybody an opportunity to get back in.
658
00:36:50,384 --> 00:36:54,225
They're going to be waiting for a
cheaper price that won't come support.
659
00:36:54,225 --> 00:36:56,205
Resistance guys are going to
see this as support they're
660
00:36:56,205 --> 00:36:57,375
going to want to buy down here.
661
00:36:57,734 --> 00:37:02,475
Price will never get down there to give
them opportunity to get in equal lows.
662
00:37:02,475 --> 00:37:03,855
What's below that cell stops.
663
00:37:04,634 --> 00:37:04,845
Boom.
664
00:37:04,845 --> 00:37:06,165
They run down the cell stops.
665
00:37:06,194 --> 00:37:06,555
Why?
666
00:37:06,555 --> 00:37:08,384
Because that's the last run.
667
00:37:08,384 --> 00:37:10,904
Before we get to the level that
we've already identified on a
668
00:37:10,915 --> 00:37:15,435
monthly premium level, they're
shorter block defined in here.
669
00:37:16,815 --> 00:37:21,645
Price shades up to look at, look at the
bodies on these candles up here at 74 46.
670
00:37:21,645 --> 00:37:22,185
Look at that.
671
00:37:24,145 --> 00:37:25,404
Yes, we whipped through it.
672
00:37:25,765 --> 00:37:26,004
Okay.
673
00:37:26,004 --> 00:37:27,355
We whip through it, but look at the body.
674
00:37:28,125 --> 00:37:28,455
Okay.
675
00:37:28,635 --> 00:37:31,935
I did not go through and create
some kind of perfect scenario
676
00:37:32,145 --> 00:37:34,965
where it lines up, where I can
talk about like, things like this.
677
00:37:35,535 --> 00:37:39,765
It just gives further evidence that
this is what the price reaches for.
678
00:37:40,605 --> 00:37:46,455
So if you apply or block theory and all
the PDA arrays that we talk about in
679
00:37:46,455 --> 00:37:50,025
reference to where market price is now,
and what's above you in the order, you
680
00:37:50,025 --> 00:37:54,105
look for them and what's below you in all
the way you look for the PDAs below you.
681
00:37:54,795 --> 00:37:58,725
It's a step-by-step gradual
definition of what price may reach
682
00:37:58,725 --> 00:38:00,705
for again, there may not be breakers.
683
00:38:00,705 --> 00:38:03,795
There may not be a mitigation
block, but there is a void.
684
00:38:04,005 --> 00:38:06,375
There is a fair value gap
or bear shorter block.
685
00:38:06,405 --> 00:38:08,955
There's one of those things that
you're going to be aiming for.
686
00:38:09,885 --> 00:38:13,095
And every time you look from
a hard timeframe, you have
687
00:38:13,095 --> 00:38:14,235
those levels on your chart.
688
00:38:14,835 --> 00:38:19,125
The market will want to reach for
them, and you have to submit to
689
00:38:19,125 --> 00:38:20,625
that on these lower timeframes.
690
00:38:21,225 --> 00:38:25,725
Now, imagine having these ideas
here as a day trader, it probably
691
00:38:25,725 --> 00:38:27,075
wouldn't be as significant to you.
692
00:38:27,900 --> 00:38:28,200
Okay.
693
00:38:28,200 --> 00:38:29,820
In terms of intraday price action.
694
00:38:30,390 --> 00:38:33,170
This wouldn't be so sensitive to you
because you're not thinking about
695
00:38:33,210 --> 00:38:34,320
the monthly chart as a day trader.
696
00:38:34,650 --> 00:38:36,780
You're not thinking about a weekly
charts a day trader, but you
697
00:38:36,780 --> 00:38:39,000
should be as a short-term trader.
698
00:38:39,000 --> 00:38:41,040
You should be definitely thinking
about these types of things.
699
00:38:42,480 --> 00:38:47,550
This down candle here, bull shoulder
block gets comp capitalize again,
700
00:38:47,550 --> 00:38:49,830
here it rallies back up to what level?
701
00:38:51,060 --> 00:38:52,350
The monthly bear shorter block.
702
00:38:53,070 --> 00:38:58,860
Let me scoot your over a little bit
or block low trades rate to it here.
703
00:38:59,610 --> 00:39:01,110
That's real resistance.
704
00:39:01,740 --> 00:39:02,670
It's not a zone.
705
00:39:02,940 --> 00:39:04,290
It's a specific price level.
706
00:39:05,340 --> 00:39:07,110
This is a specific price level.
707
00:39:07,770 --> 00:39:09,210
This is a specific price level.
708
00:39:09,720 --> 00:39:10,710
It's not ambiguous.
709
00:39:10,770 --> 00:39:12,000
It's not moving around.
710
00:39:12,000 --> 00:39:12,870
It's not changing.
711
00:39:12,870 --> 00:39:15,270
It's not, uh, morphing into
something all the time.
712
00:39:15,420 --> 00:39:18,060
It's not widening as a range
or reducing as a range.
713
00:39:18,090 --> 00:39:20,250
It's a specific price level period.
714
00:39:21,030 --> 00:39:24,420
So we don't know if
it's going to go to the.
715
00:39:25,830 --> 00:39:28,410
Or if it's going to go to the
main threshold, we S we look at
716
00:39:28,410 --> 00:39:30,870
this as an objective, 73, 87.
717
00:39:30,870 --> 00:39:34,799
So 73, 80 or 73, 85, that's
a viable upside objective.
718
00:39:35,040 --> 00:39:37,350
So if they hit that level here,
you could move to the sidelines
719
00:39:37,350 --> 00:39:38,220
and say, okay, I'm done.
720
00:39:38,490 --> 00:39:40,290
If it comes back down, gives
me my buying opportunity.
721
00:39:40,319 --> 00:39:42,419
I'll try to take it again,
which would be here.
722
00:39:43,470 --> 00:39:43,859
Okay.
723
00:39:44,189 --> 00:39:52,859
The, the levels are, um, uh, monthly
or block high and push or block open.
724
00:39:52,859 --> 00:39:55,709
I think that once this, if I'm
not mistaken, it might be this
725
00:39:55,709 --> 00:39:59,759
one here and price rallies here.
726
00:40:00,600 --> 00:40:01,259
Several.
727
00:40:01,649 --> 00:40:02,129
What is that?
728
00:40:02,189 --> 00:40:03,209
I me get this thing on my way.
729
00:40:06,359 --> 00:40:08,430
Almost 400 pips here.
730
00:40:11,180 --> 00:40:12,950
That's a big, big move, big move.
731
00:40:13,129 --> 00:40:14,120
And it fails right.
732
00:40:14,120 --> 00:40:16,819
At a level that you would
expect it I'll offer resistance.
733
00:40:16,819 --> 00:40:18,740
Cause you don't know if it's
going to violate and go through.
734
00:40:19,430 --> 00:40:22,290
So if you took off say you took
off half the position here or even,
735
00:40:22,290 --> 00:40:24,740
uh, a quarter of the position off
and you started to start to year.
736
00:40:25,665 --> 00:40:26,145
Okay.
737
00:40:26,595 --> 00:40:28,395
Did you fail as a trader?
738
00:40:28,424 --> 00:40:28,815
No.
739
00:40:29,355 --> 00:40:33,825
You executed, you profited and you may see
some of the give back and that's going to
740
00:40:33,825 --> 00:40:36,585
happen, but it gives you information now.
741
00:40:36,615 --> 00:40:36,915
Okay.
742
00:40:36,915 --> 00:40:39,944
Well, we failed now, two times we
went up into their shorter block
743
00:40:40,904 --> 00:40:46,875
opening, the low Rochelle and
rejection sell stocks below here.
744
00:40:46,875 --> 00:40:48,404
And now we're back in this
candle here, where there was
745
00:40:48,404 --> 00:40:50,955
buying price should bounce again.
746
00:40:51,375 --> 00:40:51,585
Okay.
747
00:40:51,585 --> 00:40:56,145
We can take a buy, buy it, rally out,
rally out, rally out, rally up into
748
00:40:56,835 --> 00:41:02,115
the high to the low we're at a premium,
which is the low end of the premium.
749
00:41:02,805 --> 00:41:06,725
But nonetheless price offers an
opportunity to be paid again, but then
750
00:41:06,734 --> 00:41:07,875
gives up the ghost and goes lower.
751
00:41:07,875 --> 00:41:09,134
Now look, what's happening.
752
00:41:10,335 --> 00:41:14,205
This low has been violated here
and now we broke this one here.
753
00:41:14,475 --> 00:41:17,295
So it was price indicating that
it wants to go higher or lower.
754
00:41:17,805 --> 00:41:18,345
He wants to go with.
755
00:41:20,565 --> 00:41:22,925
We've been looking for
bear shorter blocks.
756
00:41:23,015 --> 00:41:27,185
Price goes up into this candle right here,
but does it show willingness to sell off?
757
00:41:27,725 --> 00:41:28,085
No.
758
00:41:28,895 --> 00:41:31,745
So you can't see any more
selling opportunities here.
759
00:41:31,745 --> 00:41:38,085
It now validates that his resumed
it's up move every down candle.
760
00:41:38,685 --> 00:41:42,105
If this does not offer
bearishness, which it doesn't here.
761
00:41:42,465 --> 00:41:42,765
Okay.
762
00:41:42,765 --> 00:41:43,875
It trades right on through it.
763
00:41:44,175 --> 00:41:45,735
You can't view the market.
764
00:41:45,735 --> 00:41:46,365
Didn't want to go lower.
765
00:41:46,365 --> 00:41:47,475
You have to change gears.
766
00:41:48,435 --> 00:41:49,185
How do you do that?
767
00:41:49,605 --> 00:41:50,775
Find a down candle.
768
00:41:50,925 --> 00:41:53,745
And if they're buying in the down
candle, here's your down candle.
769
00:41:54,255 --> 00:41:55,095
It trades into it.
770
00:41:55,425 --> 00:41:55,785
Boom.
771
00:41:55,785 --> 00:41:56,385
It rallies.
772
00:41:57,495 --> 00:41:58,965
Here's a new down candle right here.
773
00:41:59,325 --> 00:42:01,365
Price becomes about bull shorter block.
774
00:42:01,455 --> 00:42:03,195
This one here is a bull or a buck.
775
00:42:03,495 --> 00:42:07,875
When this candle trades higher,
this candle's high boom there's
776
00:42:07,875 --> 00:42:09,075
opportunity to buy again.
777
00:42:09,435 --> 00:42:12,915
And you cash that little bit of it's not
much, but it's, it's over a hundred pips.
778
00:42:13,635 --> 00:42:16,065
Again, took several days to do.
779
00:42:16,920 --> 00:42:21,060
Did not get above the old high,
but what levels do we look for?
780
00:42:21,330 --> 00:42:22,830
What PDA level did it go for?
781
00:42:24,630 --> 00:42:25,260
It's a breaker.
782
00:42:25,800 --> 00:42:26,220
I'm sorry.
783
00:42:26,250 --> 00:42:26,640
Good grief.
784
00:42:26,640 --> 00:42:27,090
I said it wrong.
785
00:42:27,540 --> 00:42:31,050
A rejection block, Ray
above these candles bodies.
786
00:42:31,260 --> 00:42:33,690
We just borrowed this
level just for a second.
787
00:42:34,770 --> 00:42:35,730
I made sure I got deleted.
788
00:42:36,510 --> 00:42:38,820
I went right above it, hit
it and then rejected it.
789
00:42:40,990 --> 00:42:43,090
So you have to have all
these levels in mind.
790
00:42:44,170 --> 00:42:47,440
And what I do is I actually have,
and you'll actually see this.
791
00:42:47,440 --> 00:42:52,630
When in your, in your PDF notes,
actually give you my, um, my, my map
792
00:42:52,690 --> 00:42:55,930
that I have, basically that I draw
out special notations about levels.
793
00:42:55,930 --> 00:42:56,260
I'm looking at.
794
00:42:57,015 --> 00:43:03,705
And it keeps me in mind of what all of
the PDAs on the monthly, the weekly and
795
00:43:03,705 --> 00:43:06,795
the daily levels for the pairs that I
trade or the markets that I'm trading.
796
00:43:07,095 --> 00:43:07,755
I have that.
797
00:43:07,875 --> 00:43:11,775
And also just keep a reference point
like every hour or so throughout the day.
798
00:43:11,985 --> 00:43:15,735
I'll just put a little, uh,
like a mark, where on that now.
799
00:43:15,735 --> 00:43:20,205
And I think about, okay, right now, this
is where price would be at market price.
800
00:43:20,295 --> 00:43:22,005
And what PDAs do I have above me?
801
00:43:22,485 --> 00:43:24,134
And what PDAs do I have below me?
802
00:43:24,404 --> 00:43:27,195
And I have them mapped out from a
monthly, weekly and daily basis.
803
00:43:27,435 --> 00:43:30,315
So that way, when I'm looking at
intraday charts, I don't lose sight.
804
00:43:30,435 --> 00:43:33,495
Even though my intraday charts
don't have every single one of these
805
00:43:33,495 --> 00:43:35,295
levels, I have them in my notes.
806
00:43:35,654 --> 00:43:40,185
So for instance, I'm looking at 70
to 90 right now, my notes would show.
807
00:43:41,399 --> 00:43:46,350
73 85, uh, and, um, bear
shorter block, the low level.
808
00:43:46,350 --> 00:43:47,279
That's what I'm looking for.
809
00:43:47,669 --> 00:43:52,440
Uh, on a monthly level, I'm looking
at a 70 80, which is the level just
810
00:43:52,440 --> 00:43:54,930
above 70, 75 that we have noted here.
811
00:43:55,169 --> 00:43:56,730
Why am I looking at 70 80?
812
00:43:56,759 --> 00:43:58,470
Because it's higher than the lowest low.
813
00:43:59,040 --> 00:44:02,879
This would be the optimal, optimal
entry for exit point, rather for
814
00:44:02,879 --> 00:44:04,440
a downside movement or a target.
815
00:44:05,069 --> 00:44:08,069
But I want to get to the institutional
level that's just before that or
816
00:44:08,069 --> 00:44:09,839
higher, which would be 70, 80.
817
00:44:10,560 --> 00:44:12,120
So I would have that level in my notes.
818
00:44:12,419 --> 00:44:12,660
Okay.
819
00:44:12,690 --> 00:44:14,669
Which is, this is basically
like a rough template.
820
00:44:15,230 --> 00:44:18,450
It gives you an idea of what, what
levels would be looking for at a
821
00:44:18,450 --> 00:44:20,069
quick, real quick looking at it.
822
00:44:20,069 --> 00:44:21,660
And you don't need to go
through all your charts.
823
00:44:22,109 --> 00:44:25,350
And that's why sometimes when you hear
me talk, like I have leveled off the
824
00:44:25,350 --> 00:44:30,000
top of my head because I see them, I
see them in my notes right next to me.
825
00:44:30,299 --> 00:44:34,290
I have, well, I can't show you because I
don't have a webcam hooked up to it, but
826
00:44:34,589 --> 00:44:36,569
I have a new pad and I also have like a.
827
00:44:37,259 --> 00:44:37,620
Template.
828
00:44:37,620 --> 00:44:40,560
I have all my pears or
marks I'm looking at.
829
00:44:40,740 --> 00:44:42,540
I have it outlined and
you'll, you'll see it.
830
00:44:42,540 --> 00:44:42,870
You'll get it.
831
00:44:42,870 --> 00:44:44,850
You can print it out and actually
start doing the same thing I do.
832
00:44:45,450 --> 00:44:48,509
But just know that when you go through
the price action, like this, you're
833
00:44:48,509 --> 00:44:51,120
going to have a whole lot of lines
initially, but you don't carry them
834
00:44:51,120 --> 00:44:53,129
all throughout all your timeframes.
835
00:44:54,180 --> 00:44:56,189
I removed down into a four-hour chart.
836
00:44:56,370 --> 00:45:00,540
And again, this is the only timeframe
that we go down into for this month.
837
00:45:00,540 --> 00:45:03,600
We can't go any lower than
this for teaching purposes.
838
00:45:05,310 --> 00:45:08,129
So here's the first,
uh, buying opportunity.
839
00:45:08,370 --> 00:45:14,220
And that one, we looked at the
second in the order of left to
840
00:45:14,220 --> 00:45:15,569
right from the homework I gave you.
841
00:45:16,799 --> 00:45:20,790
We're going to look at those on the four
hour basis, the bodies of the candles.
842
00:45:21,390 --> 00:45:21,569
Okay.
843
00:45:21,569 --> 00:45:22,500
That's your order block.
844
00:45:22,890 --> 00:45:23,069
Okay.
845
00:45:23,069 --> 00:45:25,319
Does it move one, two times?
846
00:45:26,279 --> 00:45:27,629
Yes, it does.
847
00:45:28,290 --> 00:45:29,970
Price comes back down, trades down.
848
00:45:29,970 --> 00:45:31,620
Does it hit the order block down here?
849
00:45:31,680 --> 00:45:32,609
No, it does not.
850
00:45:33,720 --> 00:45:34,200
We have one.
851
00:45:35,310 --> 00:45:38,069
Two candles in here that
make up the order block.
852
00:45:38,400 --> 00:45:42,600
I like to use the biggest portion of the
body, of the candle as the order block.
853
00:45:42,630 --> 00:45:44,100
I don't use the Wix high.
854
00:45:44,109 --> 00:45:45,420
I don't use the WIC low.
855
00:45:45,690 --> 00:45:46,620
I used the body.
856
00:45:46,890 --> 00:45:48,810
And the reason why is because
all of us are going to have
857
00:45:48,810 --> 00:45:50,310
slightly different candles.
858
00:45:50,850 --> 00:45:51,299
Okay.
859
00:45:51,660 --> 00:45:55,290
And you're going to have different
price points that would cause
860
00:45:55,290 --> 00:45:57,690
your candle be slightly different
than the one you're seeing here.
861
00:45:58,170 --> 00:45:58,680
What's new, man.
862
00:46:01,720 --> 00:46:01,830
Yeah.
863
00:46:01,830 --> 00:46:03,819
It should be a lot easier
to see me apologize.
864
00:46:03,819 --> 00:46:04,060
Sorry.
865
00:46:04,060 --> 00:46:04,569
I take it.
866
00:46:04,600 --> 00:46:05,350
I take it for granted.
867
00:46:05,350 --> 00:46:06,549
Cause my screens are really big.
868
00:46:07,180 --> 00:46:11,290
So when I see it, it looks huge, but
now it's enormous for me, but now you're
869
00:46:11,290 --> 00:46:14,290
looking at the body of the candle here.
870
00:46:14,799 --> 00:46:17,170
When you look at the order blocks,
you want to take that range
871
00:46:25,060 --> 00:46:25,750
and highlight it.
872
00:46:26,650 --> 00:46:26,980
Okay.
873
00:46:26,980 --> 00:46:30,640
And visually what you're doing, you
don't have to, you do not have to be so.
874
00:46:32,759 --> 00:46:33,180
Domain.
875
00:46:33,180 --> 00:46:34,859
And you actually do all this all the time.
876
00:46:34,859 --> 00:46:37,620
Like there's one of it
and there's two of it.
877
00:46:38,279 --> 00:46:41,339
So it price moves that far
away out of the order block.
878
00:46:41,609 --> 00:46:43,350
It's a valid or block
if it comes back down.
879
00:46:45,430 --> 00:46:49,210
And that's how I qualify strong
bias with the order block theory
880
00:46:52,560 --> 00:46:52,890
there.
881
00:46:53,910 --> 00:46:54,240
Okay.
882
00:46:55,410 --> 00:47:00,180
So now when we look at, uh, price
action in these areas in here,
883
00:47:00,990 --> 00:47:05,339
you'll be able to go to a lower
timeframe and reduce this down also.
884
00:47:05,850 --> 00:47:11,940
But when we look at, uh, opportunities
to be a buyer we're not looking at just
885
00:47:11,940 --> 00:47:16,410
or blocks, we're not looking at, uh, just
bullish breakers or mitigation blocks.
886
00:47:16,830 --> 00:47:20,100
We're also thinking about what if
the price is ultimately wanting
887
00:47:20,100 --> 00:47:25,230
to go higher market makers already
know that there are going to be
888
00:47:25,230 --> 00:47:28,020
participants that are probably going
to be on the right side of the market.
889
00:47:29,500 --> 00:47:35,350
So what trading pattern or what
institutional price swing do I say?
890
00:47:35,440 --> 00:47:36,970
I like doing more than any other.
891
00:47:38,470 --> 00:47:39,880
Let me check your responses.
892
00:47:39,900 --> 00:47:41,080
Make sure you guys are paying attention
893
00:47:44,770 --> 00:47:46,870
break or swing break or swing.
894
00:47:47,690 --> 00:47:51,610
That means we're looking for the
market that trade below and old low.
895
00:47:51,850 --> 00:47:52,210
Why?
896
00:47:52,210 --> 00:47:53,830
Because we want to see them scoop up.
897
00:47:54,460 --> 00:47:57,640
Some cells stops because if they knocked
the market participants out that are
898
00:47:57,640 --> 00:48:01,210
already long, they know there's willing
sellers down there so they can buy from.
899
00:48:01,870 --> 00:48:03,040
And that's what you're seeing here.
900
00:48:03,520 --> 00:48:05,710
Short term, low price
trades down through that.
901
00:48:05,710 --> 00:48:11,110
That's the ideal entry you're going to
see that that type of pattern happens more
902
00:48:12,100 --> 00:48:15,670
powerfully in terms of seeing price go to
the direction you think it's going to go.
903
00:48:16,000 --> 00:48:20,050
If you see these types of events,
that's where the best entry points are.
904
00:48:20,500 --> 00:48:21,550
It's the scariest.
905
00:48:21,550 --> 00:48:23,230
When you get in it's the scariest ones to.
906
00:48:24,045 --> 00:48:27,405
Because it feels like once you start,
well, think about if you were in this
907
00:48:27,615 --> 00:48:32,085
market and you watched it drive down
like this, it's very scary to want to buy
908
00:48:32,115 --> 00:48:34,605
below that Ola because you don't think,
you don't know if it's going to keep
909
00:48:34,605 --> 00:48:37,105
going lower classic chart pattern trader.
910
00:48:37,105 --> 00:48:40,125
Don't see this as a bear flag and
it might go down that much lower.
911
00:48:40,455 --> 00:48:41,565
Not necessarily.
912
00:48:42,495 --> 00:48:45,015
You've got to think where the sell stops
are and why would they want to go down
913
00:48:45,015 --> 00:48:51,255
there to take those individuals out and
assume their position short term low here.
914
00:48:51,585 --> 00:48:52,935
You can see it here every time.
915
00:48:52,935 --> 00:48:54,135
There's a move below an old load.
916
00:48:54,135 --> 00:48:57,765
Look at the responsiveness
below an old low responsiveness.
917
00:48:58,335 --> 00:49:02,805
Short-term low below
responsiveness that coupled with
918
00:49:03,225 --> 00:49:05,115
down candles, supporting price.
919
00:49:05,475 --> 00:49:10,845
There's your two strongest points of
looking for institutional or flow telling
920
00:49:10,845 --> 00:49:12,615
you what the smart money is doing.
921
00:49:13,095 --> 00:49:14,985
There's two of them, very simple.
922
00:49:16,215 --> 00:49:17,985
Is the market going below an old low?
923
00:49:18,405 --> 00:49:20,895
And is it rejecting immediately
and showing strong buying?
924
00:49:21,285 --> 00:49:23,145
If it is smart, money's buying that.
925
00:49:24,495 --> 00:49:31,064
If the market is showing support at down
candles and it repels price higher off
926
00:49:31,064 --> 00:49:33,615
those smart money is buying that market.
927
00:49:34,845 --> 00:49:35,924
You don't need indicators.
928
00:49:35,924 --> 00:49:36,855
You don't need trend lines.
929
00:49:36,855 --> 00:49:37,935
You don't need moving averages.
930
00:49:38,145 --> 00:49:41,115
The price action will tell
you everything you need.
931
00:49:41,115 --> 00:49:43,185
And it only takes you
seconds to look at it.
932
00:49:43,544 --> 00:49:47,384
You start on a monthly chart, you move
down to a weekly chart down to a daily
933
00:49:47,384 --> 00:49:52,334
chart, and you look at on the four hour
chart, all your timing becomes by way of
934
00:49:52,334 --> 00:49:57,825
those two things to your returning back
with a failure swing, which is a shorter
935
00:49:57,825 --> 00:50:01,424
block, is what that is, or bear's shorter
block that failure swing institutional
936
00:50:01,424 --> 00:50:02,984
price swing that failure swing.
937
00:50:04,634 --> 00:50:06,044
That's the weaker of the two.
938
00:50:07,125 --> 00:50:11,564
The best one is when it runs down
below a low to take out cell stops.
939
00:50:13,035 --> 00:50:13,964
That's your entry for total?
940
00:50:16,095 --> 00:50:20,535
Two entries, two to farms, looking at
the marketplace, two ways of gauging
941
00:50:20,535 --> 00:50:23,385
institutional order flow, smart
money, accumulation and distribution.
942
00:50:23,805 --> 00:50:24,585
And it's simple.
943
00:50:24,985 --> 00:50:28,005
It's bearish is the market
going above and old high and
944
00:50:28,005 --> 00:50:29,385
rejecting quickly and going lower?
945
00:50:30,015 --> 00:50:35,205
Or is it trading at up candles
and then rejecting price lower.
946
00:50:35,595 --> 00:50:36,505
That's a bear shorter block.
947
00:50:36,525 --> 00:50:40,785
It's so it's showing every time it rallies
it, can't get through that last up candle
948
00:50:40,785 --> 00:50:42,885
at traded two, and it's being repelled.
949
00:50:43,185 --> 00:50:44,385
It's being distributed.
950
00:50:46,005 --> 00:50:46,575
That's it.
951
00:50:46,575 --> 00:50:47,475
There's nothing else to it.
952
00:50:47,475 --> 00:50:50,205
So when you apply these things from
a monthly, weekly, and daily and four
953
00:50:50,205 --> 00:50:54,315
hour and overlaying your levels that
you've seen from the hard timeframes,
954
00:50:54,315 --> 00:50:58,125
you'll see that these, these markets
move off these levels with great
955
00:50:58,125 --> 00:51:00,675
deal, precision and expectancy.
956
00:51:00,735 --> 00:51:04,815
You can see it come a long way down
the road before it ever gets to them.
957
00:51:05,235 --> 00:51:06,075
The responsiveness.
958
00:51:06,075 --> 00:51:08,295
I mean, look, how many
times price reacts at these.
959
00:51:09,075 --> 00:51:10,695
It's an all I have on here is the monthly.
960
00:51:10,695 --> 00:51:14,775
I'm not added any of the weekly or
the daily or any of the individual
961
00:51:14,775 --> 00:51:19,005
four hour charts levels, but there's
a lot of responsiveness at these
962
00:51:19,005 --> 00:51:20,955
levels and they're not ambiguous.
963
00:51:21,255 --> 00:51:26,085
They're specific the reference
points of the monthly high or the
964
00:51:26,085 --> 00:51:29,505
bull shorter block, the opening of
the order block or the thicker one
965
00:51:29,505 --> 00:51:32,595
or some isn't mean threshold and are
only two of those being noted here.
966
00:51:33,135 --> 00:51:35,925
But look how price moves and
gravitates from each one of
967
00:51:35,925 --> 00:51:38,085
these levels to a, another level.
968
00:51:38,085 --> 00:51:41,505
That means the equivalent
promote monthly basis.
969
00:51:42,255 --> 00:51:43,665
They're not ambiguous levels.
970
00:51:43,665 --> 00:51:45,885
They're not just indiscriminately
thrown on the chart.
971
00:51:45,885 --> 00:51:48,015
They're not formed fitted
to make perfect examples.
972
00:51:48,525 --> 00:51:51,015
There are levels that you can
do on your own, going into your
973
00:51:51,015 --> 00:51:52,095
chart and seeing it for your.
974
00:51:53,115 --> 00:51:56,745
And there are, that's the basis of
looking for swing trades, because if you
975
00:51:56,745 --> 00:52:02,055
can see where the highest probability
of motion away from, or repelling
976
00:52:02,055 --> 00:52:05,645
from that level, whether it be support
resistance, it will give you all, all
977
00:52:05,665 --> 00:52:09,884
the scenarios you would need to be
profitable, successful swing trader.
978
00:52:10,904 --> 00:52:14,115
I mean, it's, it is it's phenomenal
if you start going through it like
979
00:52:14,115 --> 00:52:18,105
this, and again, these are just
monthly levels and we're not done
980
00:52:18,105 --> 00:52:19,694
anything with anything less than that.
981
00:52:20,595 --> 00:52:24,375
So how many opportunities are you seeing
off of a monthly level and reactions?
982
00:52:24,375 --> 00:52:27,555
There are, you have to wait a long
time sometimes for them to come.
983
00:52:27,674 --> 00:52:28,665
Yeah, absolutely.
984
00:52:29,085 --> 00:52:31,035
But some of you can't
trade every day anyway.
985
00:52:31,305 --> 00:52:34,004
So this might be your bread
and butter swing trading model,
986
00:52:34,365 --> 00:52:35,654
only looking at monthly levels.
987
00:52:36,734 --> 00:52:37,214
Guess what?
988
00:52:37,605 --> 00:52:40,935
You're going to get the biggest bang
for your buck when you trade off a
989
00:52:40,935 --> 00:52:45,555
monthly level, because that's where the
funds are piling in their dog piling in
990
00:52:45,765 --> 00:52:50,475
for huge amounts of flows coming in at
these levels, because it's a long-term.
991
00:52:51,779 --> 00:52:55,830
Real support and resistance ideas applied
to these higher timeframe charts, because
992
00:52:55,980 --> 00:53:00,779
they need these types of timeframes to
be able to position themselves in on
993
00:53:00,779 --> 00:53:04,080
these big moves, because the big moves
don't turn on a dime just like that.
994
00:53:04,320 --> 00:53:10,650
They gradually move once they happen,
price takes off and you get a very
995
00:53:10,770 --> 00:53:15,570
sizeable displacement, you know,
from moving from 70 and a half.
996
00:53:17,700 --> 00:53:25,110
Let me get this thing on my
way up to 72 50, you know,
997
00:53:25,110 --> 00:53:26,340
that's 200 points right here.
998
00:53:26,340 --> 00:53:30,120
This, this move here, and it didn't
have to go up to the premium.
999
00:53:30,120 --> 00:53:32,670
It just went back up and closing
the void on a four-hour chart.
1000
00:53:35,730 --> 00:53:39,930
So I'm going to give you further
homework now that you want to take the
1001
00:53:39,930 --> 00:53:45,810
levels from the daily and four hour
and apply them to the same Kiwi market.
1002
00:53:45,960 --> 00:53:48,900
And we're going to look at that tomorrow
in our session, we're actually start
1003
00:53:48,900 --> 00:53:52,529
looking at some of the setups and
how we frame the ideas going forward,
1004
00:53:52,529 --> 00:53:56,879
but you have to start somewhere in
terms of what makes the move probable.
1005
00:53:57,359 --> 00:54:01,710
What gives your idea of a swing
trade coming to fruition the basis?
1006
00:54:02,339 --> 00:54:04,710
Because it's simply just not enough
because you want to be a buyer.
1007
00:54:05,250 --> 00:54:05,609
Okay.
1008
00:54:05,609 --> 00:54:08,640
And there's candles and trend lines
and moving hours and indicators
1009
00:54:08,879 --> 00:54:10,980
telling you it's a revolver,
solar divergence of some kind.
1010
00:54:11,910 --> 00:54:12,779
That's not enough.
1011
00:54:13,290 --> 00:54:15,150
There has to be an invitation.
1012
00:54:15,150 --> 00:54:20,580
If you will, on a hard timeframe
chart to draw in large funds, that's
1013
00:54:20,580 --> 00:54:23,069
going to come by way of looking
at monthly and weekly timeframes.
1014
00:54:23,400 --> 00:54:26,400
And if you look at those levels
and take those levels and transpose
1015
00:54:26,400 --> 00:54:29,310
them there, notice that we didn't
just take old highs and old lows.
1016
00:54:29,339 --> 00:54:31,140
We looked at just horrible.
1017
00:54:32,190 --> 00:54:36,480
We framed it out on just the order
block theory alone and used the
1018
00:54:36,480 --> 00:54:38,580
range defined by the monthly chart.
1019
00:54:38,940 --> 00:54:39,840
That's all we did.
1020
00:54:40,770 --> 00:54:44,700
If that's your trading model that you go
forward with, and yet what you trade with,
1021
00:54:45,060 --> 00:54:46,380
look how many opportunities it gives you.
1022
00:54:48,240 --> 00:54:50,610
Beautiful how many trading
opportunities it gives you.
1023
00:54:50,820 --> 00:54:55,530
It's not overkill, but they're
opportunities that give you a huge
1024
00:54:55,530 --> 00:54:59,700
amount of range trade in, and it
doesn't have to be executed on a five
1025
00:54:59,700 --> 00:55:01,020
minute chart or a 15 minute timeframe.
1026
00:55:01,290 --> 00:55:03,080
You don't even need a four hour
chart to really be honest with you.
1027
00:55:03,080 --> 00:55:06,930
You can trade off of the daily
chart because it gives you a moment
1028
00:55:07,050 --> 00:55:11,490
of, uh, not a moment issue more
than a moment to make a decision.
1029
00:55:11,610 --> 00:55:11,910
Okay.
1030
00:55:11,910 --> 00:55:13,590
It gives you time to plan the trade.
1031
00:55:13,590 --> 00:55:15,780
You know, when they're coming, where
they're going to be a forming at what
1032
00:55:15,780 --> 00:55:19,050
levels to reach for and when price gets
down there and you know what you should
1033
00:55:19,050 --> 00:55:22,560
be expecting to sate responsiveness,
should they be buying okay?
1034
00:55:22,710 --> 00:55:23,730
Is there displacement?
1035
00:55:23,760 --> 00:55:26,280
Does the Orbach exist or
is there a short term low?
1036
00:55:26,490 --> 00:55:29,210
If it trades down below that short-term
low and you're at a level like.
1037
00:55:30,375 --> 00:55:30,585
Okay.
1038
00:55:30,585 --> 00:55:32,475
When price trade down below
that short term loan, that's
1039
00:55:32,475 --> 00:55:33,495
an opportunity to be a buyer.
1040
00:55:34,725 --> 00:55:36,795
Normal retail mindset will say no way.
1041
00:55:36,795 --> 00:55:37,605
I'm not buying that.
1042
00:55:38,295 --> 00:55:41,265
And you have to be diametrically
opposed to that mindset, because
1043
00:55:41,265 --> 00:55:44,235
if you can't think like that,
you're going to have problems.
1044
00:55:44,685 --> 00:55:48,105
Look what we have here at the
low here, right here, this low.
1045
00:55:48,165 --> 00:55:53,055
And we have this me get the show
up monthly order block, open it
1046
00:55:53,055 --> 00:55:55,365
stopped short just above it rallies.
1047
00:55:55,575 --> 00:55:55,875
Okay.
1048
00:55:55,875 --> 00:55:59,145
And look at the response to this, all
these levels and here, and then dries down
1049
00:55:59,145 --> 00:56:02,835
one more time below it, but it goes below
this low, where there are short-term sell
1050
00:56:02,835 --> 00:56:05,055
stops for those that want to be a buyer.
1051
00:56:05,295 --> 00:56:09,765
They take out the cell stops, but
after it hits the 69 82 level or 69
1052
00:56:09,765 --> 00:56:11,355
80 low that we would have identified.
1053
00:56:13,425 --> 00:56:15,975
Was there a nice, responsive,
uh, moving away from price?
1054
00:56:15,975 --> 00:56:22,695
They're absolutely buying
below a short term, low using a
1055
00:56:23,055 --> 00:56:27,015
breaker's swing price rallies.
1056
00:56:28,840 --> 00:56:29,560
What's it doing?
1057
00:56:29,560 --> 00:56:31,960
It's closing in the
fair value gap in here.
1058
00:56:31,960 --> 00:56:33,400
Price prices only
delivered on the downside.
1059
00:56:33,610 --> 00:56:34,090
It's low.
1060
00:56:34,120 --> 00:56:37,000
It's a little bit balanced in here cause
it's back and forth and consolidation.
1061
00:56:37,420 --> 00:56:43,180
But from this low here, not the long
candle, but the low rate there to this
1062
00:56:43,180 --> 00:56:44,560
opening, I'm sorry, this high here.
1063
00:56:44,560 --> 00:56:49,510
There's an opening and price where only
it's offered on the downside price.
1064
00:56:49,510 --> 00:56:52,720
Rallies up closes in that right there.
1065
00:56:54,250 --> 00:56:56,230
Once it closes it in,
does it want to go higher?
1066
00:56:56,320 --> 00:56:57,310
It's balanced.
1067
00:56:57,580 --> 00:57:02,860
So now it's going to go back down to value
that's down in here in the consolidation
1068
00:57:04,750 --> 00:57:06,040
and it's allowed to go higher again.
1069
00:57:06,070 --> 00:57:08,350
Is it allowing price to
move away from down candles?
1070
00:57:08,680 --> 00:57:10,720
Here's down candle it rallies away.
1071
00:57:10,840 --> 00:57:12,680
Here's a down candle
trades back down to it.
1072
00:57:12,680 --> 00:57:13,390
Your rallies away.
1073
00:57:13,720 --> 00:57:15,160
Is it showing willingness to go higher?
1074
00:57:15,460 --> 00:57:15,880
Yes.
1075
00:57:16,450 --> 00:57:17,770
Is it being bought by smart money?
1076
00:57:17,950 --> 00:57:18,430
Yes.
1077
00:57:19,030 --> 00:57:19,690
What's it doing?
1078
00:57:19,840 --> 00:57:23,020
It's reaching for a higher level.
1079
00:57:25,725 --> 00:57:30,255
Between this low in this high what's in
here, price delivered on the downside.
1080
00:57:30,285 --> 00:57:31,904
Only that's a fair value gap.
1081
00:57:32,595 --> 00:57:34,125
Price is the only way to know
the real and the downside.
1082
00:57:34,125 --> 00:57:37,305
So you're expecting to see what
price delivered on the buy side.
1083
00:57:40,605 --> 00:57:41,835
Boom, it balances price out.
1084
00:57:41,835 --> 00:57:46,634
There's a stay there long hell no trades
lower, but it's reaching up in there
1085
00:57:46,634 --> 00:57:49,035
to fill that in on a four hour basis.
1086
00:57:50,654 --> 00:57:51,884
What is it doing essentially?
1087
00:57:51,884 --> 00:57:55,215
It's reaching up the, fill that
in, but also it's built in the
1088
00:57:55,215 --> 00:57:56,745
idea with this nice move here.
1089
00:57:57,315 --> 00:57:58,215
There's by stops here.
1090
00:57:58,215 --> 00:57:59,235
Folks are trying to short it.
1091
00:58:00,375 --> 00:58:05,055
So they're going to come back up one more
time after they filled that gap and it
1092
00:58:05,055 --> 00:58:12,615
moves up into a premium range, high to low
at a premium filled in a fair value gap.
1093
00:58:14,055 --> 00:58:15,134
Took out cell stops.
1094
00:58:15,674 --> 00:58:17,805
Price is not willing to stay here long.
1095
00:58:18,134 --> 00:58:19,634
It re reprices aggressively.
1096
00:58:22,334 --> 00:58:26,325
Below the old low, where cell stocks we'll
be reaching down into a mean threshold.
1097
00:58:28,384 --> 00:58:31,865
Look at the response in
this again, body the candle.
1098
00:58:32,105 --> 00:58:34,745
If you can't buy the low, don't
worry about it by the candle.
1099
00:58:35,375 --> 00:58:38,915
One, two, it's a valid order block by it.
1100
00:58:40,325 --> 00:58:43,955
Reach back up into the areas at which
the monthly chart has given you.
1101
00:58:45,365 --> 00:58:46,924
Look at the responsiveness of this.
1102
00:58:49,044 --> 00:58:53,274
It's reaching for where the areas are
all just based on a monthly chart.
1103
00:58:54,774 --> 00:58:56,004
And here's where we are right now.
1104
00:58:56,575 --> 00:58:57,745
A current market action.
1105
00:58:59,794 --> 00:59:01,625
There's one more thing I wanted
to show you before I close.
1106
00:59:01,625 --> 00:59:05,105
I want to go out to a think.
1107
00:59:05,105 --> 00:59:08,884
I seen it on daily.
1108
00:59:11,975 --> 00:59:14,705
Uh, I think it might've been weekly.
1109
00:59:14,765 --> 00:59:15,754
Let me get a second here.
1110
00:59:16,475 --> 00:59:18,575
I knew I should have wrote it
down before I started and I saw it
1111
00:59:18,575 --> 00:59:20,765
and I was like, well, let me make
sure I make a mention of this.
1112
00:59:31,030 --> 00:59:32,110
Yeah, I think it's this one here.
1113
00:59:33,580 --> 00:59:39,550
The, the low on this candle on
a weekly, low was 70 points.
1114
00:59:39,610 --> 00:59:44,650
Uh, 70 point 76 and the high or the open.
1115
00:59:44,650 --> 00:59:45,640
Sorry on that bullshit.
1116
00:59:45,640 --> 00:59:50,230
Monthly order block was at 70, 75.
1117
00:59:52,770 --> 00:59:53,550
I think of it tomorrow.
1118
00:59:53,610 --> 00:59:55,170
Let's go out to a monthly real quick.
1119
01:00:02,160 --> 01:00:02,340
Yeah.
1120
01:00:02,340 --> 01:00:05,460
There's that order block
here open is 70, 75.
1121
01:00:05,490 --> 01:00:10,140
Yeah, one PIP, one PIP away
from that on a weekly range.
1122
01:00:10,350 --> 01:00:11,010
Not think about that.
1123
01:00:11,040 --> 01:00:14,940
I said this is a weekly range
and you're that precise with it.
1124
01:00:15,810 --> 01:00:17,430
Now I would love nothing more
to be able to say, look at
1125
01:00:17,430 --> 01:00:18,420
this thing and hit the actual.
1126
01:00:19,275 --> 01:00:23,175
You know, 70, 75, but are you going
to argue with that type of precision
1127
01:00:23,205 --> 01:00:28,815
70 point 76 versus 70 point 75,
expecting some level of support or
1128
01:00:28,815 --> 01:00:33,645
resistance going lower rather, you
know, uh, support supporting idea.
1129
01:00:33,665 --> 01:00:36,075
There should be some buying
here and probably should be
1130
01:00:36,105 --> 01:00:37,395
responsive to that level.
1131
01:00:38,025 --> 01:00:39,135
And then look at the response in this.
1132
01:00:39,195 --> 01:00:42,435
After that, I mean, we opened
here price traded down, hit that
1133
01:00:42,435 --> 01:00:43,845
level and then traded higher.
1134
01:00:44,385 --> 01:00:45,715
I mean, just alone.
1135
01:00:45,735 --> 01:00:52,395
And in this weekly range, the low was
at 70, 76 and the high was at 72, 25.
1136
01:00:52,905 --> 01:00:54,135
There's your 200 pips.
1137
01:00:54,945 --> 01:00:57,555
Now think I want you to go forward
with this because I know a lot of you
1138
01:00:57,555 --> 01:01:00,225
are chomping at the bit that you want
to get to the short term trading and
1139
01:01:00,225 --> 01:01:05,295
learn my one shot one kill scenario,
because that's what defined me as ICT.
1140
01:01:05,295 --> 01:01:11,595
I think, with what you're
learning here and apply that.
1141
01:01:12,660 --> 01:01:15,390
And some of your daydreaming today,
while you're at the office or we were
1142
01:01:15,390 --> 01:01:18,750
driving home from work today, or maybe
some of you were driving to work.
1143
01:01:19,170 --> 01:01:19,530
Okay.
1144
01:01:19,710 --> 01:01:25,170
Think about what that does for your
short term trades, how this will outline
1145
01:01:25,440 --> 01:01:30,000
where the market will be reaching for
what levels they should key off of.
1146
01:01:30,690 --> 01:01:37,320
It's not ambiguous, it's not, you
know, um, is thrown up air for the
1147
01:01:37,320 --> 01:01:39,000
sake of making something match up.
1148
01:01:39,600 --> 01:01:45,510
These levels are specific and by having
them apply from a monthly and we only used
1149
01:01:45,510 --> 01:01:47,010
a month, we didn't do anything weekly.
1150
01:01:48,060 --> 01:01:52,620
I'm leading up to you to come up with
a way for you to organize your charts.
1151
01:01:52,860 --> 01:01:57,150
Preferably I would personally think
that if you had a monthly chart
1152
01:01:57,540 --> 01:01:59,400
separate apart from the weekly.
1153
01:02:01,200 --> 01:02:02,940
I have a daily chart separate as well.
1154
01:02:03,210 --> 01:02:05,580
That way you can always look at
where current market action is
1155
01:02:05,670 --> 01:02:06,900
in reference to those levels.
1156
01:02:07,500 --> 01:02:13,500
But if you're kind of like me, I have
to teach you with usually one or two
1157
01:02:13,500 --> 01:02:17,160
charts, because I can't show you my,
my platform because I'm not going to be
1158
01:02:17,160 --> 01:02:18,690
hooking up my internet, access to that.
1159
01:02:19,470 --> 01:02:22,799
So you guys can have access to
seeing all those types of things.
1160
01:02:22,799 --> 01:02:27,600
If you want to be, uh, you know,
unsavory, the point is, is you're
1161
01:02:27,600 --> 01:02:30,810
going to be able to have to come up
with a way for your own organization.
1162
01:02:31,440 --> 01:02:37,410
You can use one chart and you can use
the monthly, the weekly and daily levels
1163
01:02:37,440 --> 01:02:41,250
and for our levels all on one chart,
but your charts are gonna be very busy.
1164
01:02:41,670 --> 01:02:45,150
And the way you reduce that is this
use a line segments, and that would
1165
01:02:45,150 --> 01:02:48,110
be done like this, this use this
little thing over here and say,
1166
01:02:48,240 --> 01:02:49,890
this is the level you want to use.
1167
01:02:50,580 --> 01:02:52,430
You draw it on here and you draw it out.
1168
01:02:54,765 --> 01:02:55,155
Okay.
1169
01:02:55,185 --> 01:02:56,235
And then there you go.
1170
01:02:56,235 --> 01:02:58,725
The problem with that is, is you're
gonna have to do a lot of extending
1171
01:02:58,875 --> 01:03:00,675
sometimes to keep those levels updated.
1172
01:03:01,455 --> 01:03:04,185
That may be too much for
you to be bothered with.
1173
01:03:04,935 --> 01:03:07,275
I'm sure some of you that create
indicators could create something that
1174
01:03:07,275 --> 01:03:12,285
keeps extending that, you know, as
time goes on, I'm not aware of, uh,
1175
01:03:12,315 --> 01:03:16,665
how that could be done personally,
but that's how I do my charts.
1176
01:03:16,875 --> 01:03:19,935
I mean, I only, I only
follow a few payers.
1177
01:03:20,325 --> 01:03:23,385
So to me to be extending that
it doesn't make a big deal.
1178
01:03:23,415 --> 01:03:25,185
I always extend farther
than I really need anyway.
1179
01:03:25,185 --> 01:03:29,025
So bison some time and on a weekend
Saturday, I usually just extend
1180
01:03:29,025 --> 01:03:30,735
it out and set my charts that way.
1181
01:03:31,365 --> 01:03:37,215
But I want you to think by using
this example here with the Kiwi,
1182
01:03:37,605 --> 01:03:43,155
uh, we, we outlined the fact that
this market had a bullish profile.
1183
01:03:43,395 --> 01:03:44,655
It was not in consolidation.
1184
01:03:44,655 --> 01:03:45,945
It was showing evidence that it was being.
1185
01:03:47,280 --> 01:03:50,940
Uh, we were already talking about,
um, all of the, and Keb being bullish
1186
01:03:50,940 --> 01:03:55,140
because of the interest rate differential
between them and all the other countries.
1187
01:03:56,100 --> 01:03:59,640
So there's a built in Tennessee for these
currencies that want to be bought, uh,
1188
01:03:59,670 --> 01:04:03,270
there's this there's an interest rate
differential that would be a new favorable
1189
01:04:03,270 --> 01:04:04,560
for traders that want to buy these.
1190
01:04:06,030 --> 01:04:10,470
Then coupled that with applying the
PDA, uh, uh, levels that we just
1191
01:04:10,950 --> 01:04:15,600
outlined here, excuse me, and look
how much action you get off of them.
1192
01:04:16,230 --> 01:04:17,250
And they're not zones.
1193
01:04:17,760 --> 01:04:21,270
They're not levels that move all
around and gyrate and morph into
1194
01:04:21,270 --> 01:04:22,290
something different all the time.
1195
01:04:22,590 --> 01:04:25,230
They're static levels,
they're static price levels.
1196
01:04:25,710 --> 01:04:28,860
And the general rule of thumb is if
you're above one of these levels,
1197
01:04:29,220 --> 01:04:33,420
you round that level up to the
nearest five or nearest zero level.
1198
01:04:34,260 --> 01:04:36,030
If you're below the market level.
1199
01:04:36,600 --> 01:04:36,870
Okay.
1200
01:04:36,870 --> 01:04:40,230
One of these lines that you have in your
chart, you round down to the nearest
1201
01:04:40,230 --> 01:04:42,360
five level or the nearest zero level.
1202
01:04:42,930 --> 01:04:45,840
Me preferably, I like to look at
the institutional levels, the.
1203
01:04:46,905 --> 01:04:49,245
Twenties in the fifties
and the big figure levels.
1204
01:04:49,725 --> 01:04:52,845
I'm not trying to fancy dance and
get the last piece of the pie.
1205
01:04:53,325 --> 01:04:55,155
I leave that for someone else.
1206
01:04:55,455 --> 01:04:59,235
And sometimes if I'm down here trying
to get out and a move that would get
1207
01:04:59,235 --> 01:05:03,375
me out here and I missed this big WIC,
congratulations for those that stayed in.
1208
01:05:04,185 --> 01:05:06,855
But guess what, if you were
waiting for this, you never got it.
1209
01:05:07,875 --> 01:05:12,255
So I want to make sure I have the highest
probable exits if I'm using these levels
1210
01:05:12,255 --> 01:05:16,185
as targets and same thing as said, if
I'm going to be keying off those levels
1211
01:05:16,275 --> 01:05:22,035
as entries five pips ahead of the level,
regardless of it's at an 80 level.
1212
01:05:22,245 --> 01:05:26,475
And I think that the, uh, you know,
the levels 85, I'm getting into 75.
1213
01:05:27,045 --> 01:05:31,725
I want to make sure I get in the trade and
I built in enough cushion for the stop.
1214
01:05:32,655 --> 01:05:35,775
And that's what we'll talk about
later in this month about, uh,
1215
01:05:35,805 --> 01:05:38,475
entries and actually have a manage
the stops and all that business.
1216
01:05:38,475 --> 01:05:40,995
But again, I'm giving you a framework to.
1217
01:05:41,955 --> 01:05:46,185
And a relationship to the homework
assignment I gave you, uh, for the Kiwi.
1218
01:05:46,965 --> 01:05:48,645
So you may not have these
levels on your chart.
1219
01:05:48,855 --> 01:05:52,935
You may not even seen this in
your price action and that's okay.
1220
01:05:53,235 --> 01:05:54,375
You know how to do it now.
1221
01:05:54,404 --> 01:05:57,195
And you know how to do it going forward,
all the pairs in the markets you trade.
1222
01:05:57,615 --> 01:05:59,625
But this is the reason
why I teach in everyone.
1223
01:05:59,625 --> 01:06:01,785
That's very efficient with trading.
1224
01:06:02,505 --> 01:06:05,325
If they're very technical and they
have a specific concept in mind that
1225
01:06:05,325 --> 01:06:08,445
they trade with, they don't trade
a lot of pairs or asset classes.
1226
01:06:08,445 --> 01:06:11,325
They have one thing that they specialize
in and that's what you should do as well.
1227
01:06:11,895 --> 01:06:15,585
So I'm going to close it here and
encourage you to do your study on the
1228
01:06:15,585 --> 01:06:19,154
daily and the four hour you can do
the weekly, but, uh, you know, just
1229
01:06:19,154 --> 01:06:21,795
for now, just for sake of tomorrow's
discussion, let's look at the daily and
1230
01:06:21,795 --> 01:06:23,145
the four hour levels on the key way.
1231
01:06:23,475 --> 01:06:27,555
And we'll refine all this in the, another
teaching for live session for Wednesday.
1232
01:06:27,975 --> 01:06:30,435
And until I talked to you, then
wish you good luck and good.
104496
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