All language subtitles for Lesson 1 - Essentials To ICT Daytrading EN

Welcome back folks.

This is April, 2000 seventeens
content for the ICT mentorship.

This month, we're gonna be
teaching my day trading model.

This is lesson one, and we're
gonna be covering essential to ICT.

All right folks, uh, ICT day trading model
and the essentials to the ICT day tree.

Okay.

For the opportunities
inside the daily rain.

Now the aim is to capitalize on the
movement existing in a single day.

Now this makes this type of trading
the hardest, and this is why most

analyst and technical, uh, gurus, if
you will, that, uh, like to talk on CNBC

or in the higher timeframe world, uh,
they'll they'll scoff at day trading.

They'll say that it's not likely
that anyone can be profitable

treating this timeframe.

As you'll learn in this month,
it's very, very precise.

And our aim is to capitalize
on the movement that exists

in a 24 hour trading period.

It's important just because the
name again, and I've said as many

times as day trading, it does not
mean or equate to everyday trading.

So not all dates are
going to be ideal for.

Generally, there are two setups per
trading day on average, and we're going

to go over both of those, uh, setups.

Uh, but we're going to be talking about
other scenarios that can take place in

a 24 hour trading period for this month.

That will also help you.

When we get into scalping in the
may content, the daily range is

the goal for us as the day trader.

In other words, Expectation
is to capitalize on at least

65 to 70% of the daily range.

That means we're going to leave a
little bit on the table, possibly

near the higher, the low of the
day, but we're trying to get the

lines portion of the move that
comprises the daily range or daily.

Now, typically the daily range
will be close to the last five

days, average daily range.

And I'll go into detail about that
and how we can arrive at that figure.

But generally what we're looking
for is a range that is equivalent to

the last five days averaged across.

In other words, what's the most pips
it's moved in the last five days.

And then that's going to be
our expected daily range.

Now there's going to be times
where I'm going to teach you a were

average daily rains can be actually
doubled or even expected to be

more than doubled in a single day.

Directional bias frames, a
large portion of all day trades.

That means we're gonna be looking
for directional place primarily.

So we're going to have a preconceived
idea going into the week, looking

for a specific criteria to link
ourselves with institutional or flow.

Now the ideal scenario is to day trade
in the direction of the weekly timeframe.

I'm going to give you insights in this
specific teaching here, how it can do.

Now the more higher timeframe ideas that
you can find to support the day trade.

This is going to increase the odds
and therefore make it better for you.

Uh, day trades permit the trader to
limit the stop-loss on all trades.

Now, while we're dealing specifically
with day trading in this entire

month, content the advantages, even
if you do not want to be a danger.

Or you don't have the ability
to sit in front of the charts

all day long and babysit.

Uh, there's going to be a way of
doing this type of trading without

sitting in front of the trucks all day.

I'll give you that.

But also I want you to think about
how using day trade entries and using

the very small stop losses that this
timeframe permits and this discipline

of trading, you can lower your initial
risk when we were trading these

long-term position trades or swing
trades and or your one shot, one.

So these setups, while they
are really limited by your

own imagination, you can't.

Just look at this as a wall to
day trading model or discipline.

So therefore, you know, it doesn't fit me.

It doesn't fit my criteria or
my personal makeup as a trader.

It doesn't jive with my
psyche as an individual.

So therefore let me just, just
discount this and maybe you're

looking for something that's going
to be taught later in the mentorship,

and you're not really going to pay
too much attention to this one.

Uh, you'd be really doing yourself
with disservice as a service because it

helps you reduce the amount of risks.

Lower the amount of pips.

And it's also going to have
a framework where you can

incorporate with the last lesson.

Number eight of this month, we can
incorporate the entry techniques that

we're using for day trading and an overlap
that with higher timeframe setups, which

can give you many, many times over the
standard three to five to one set ups.

In other words, we're looking
for setups that pay off five to

one or three to one, ideally.

When you're using day trade
entries and you're high trading

off a hard timeframe set up.

Wow.

The multiples can be ridiculous.

That could be in the
double digits very easily.

It's important not to take many
day trades in a single 24 hour day.

And as I mentioned earlier, there's
two primary setups in a day.

And we're going to go over
that in the next teaching.

But for now, just understand
that just because your day.

And we're not talking about scalping
here, but we're looking for specific

setups to allow us to try to capitalize
on the majority of the daily.

Now it's not important that
we get all the daily range.

Believe me, if you get a portion of
the daily range and you go on the

profit, that's way better than 99%
of all the other traders out there,

because most people are losing money.

So if you're capitalizing on a daily range
and you're getting some portion of every

single day that may equate to maybe 30
pips, and maybe the average daily range

is 120 pips and the daily range for that
particular day, you traded was a hundred.

But you only got 30 or maybe 40.

That's not a loss.

That's not a missed opportunity.

That's actually very successful.

So you're, you're doing well.

And if you can continuously do that,
you'll grow your understanding and bring

yourself to holding for larger portions of
the move and getting in better entries and

you'll get larger portions of that daily.

But don't think that you can day trade
a lot and therefore get a lot of trades.

Okay.

That's not the answer to what
you're looking for in terms

of profitability or pips.

Now, the have the data ranges
combined with rays are the

foundation to all of my data.

FMC days and non-farm payroll days
keep us on the sidelines and they

are basically a no set-up day.

So while we can play in the sand and
use our demo accounts to keep close to

the price and stay dialed in in terms
of what they may be reaching for, uh,

as we just did just this past Friday,
the week of this recording, um, just

because we may be able to forecast or see
analytically where Ellipta may take price.

Many times better just to sit on the
sidelines and just let that one day

go by without you participation in
those types of days really does not

increase your odds even in day trading.

Sorry.

So what frames the daily setups.

Obviously we have to concern
ourselves with higher timeframe,

institutional order flow, and that's
going to be a ride that looking at

monthly, weekly, and daily PDMs.

In the last 20, 40, and 60 trading days,
I'm going to assume that you have a firm

understanding about what APD array is.

And looking back at last 20, 40,
and 60 trading days, you have to

look for those hard timeframe.

And we're going to focus primarily
on a daily, uh, for day trades.

Uh, you don't need to see anything
in terms of a weekly or a month.

Primarily, uh, cause you'll generally
see something on a daily that'll align

up who are a discount or a premium
PD right now IPTA will be seeking

new levels in price for liquidity.

That's the role of the interbank
price delivery algorithm.

It seeks to move price to an area of.

The weekly chart or current
candles direction is what

we're primarily working within.

So what we're doing is, is
we're blending our expectation.

It may be seeking in terms of new
liquidity, above or below us in

terms of market price, and we're
forecasting the weekly candle direction

that we're presently trading in.

So in other words, if we're
getting ready to go into a new.

We're going to be forecasting.

What if they will be reaching for
higher or lower prices in relative

terms to the PDA rays and in if the
data ranges in those, how far back

are we looking for the most obvious
logical premium or discount array?

And what's the direction that's the most
likely favoring higher or lower prices.

And then we incorporate that idea in
forecasting, the present, or next weekly.

And we look for that expansion higher
or lower in relative terms to what we

expect in terms of the, at the data
range in institutional order flow.

The day of the week is paramount and
understanding about day trading because

there's certain days that have high
probability and there's other days that

can be a little bit of a hat-trick.

In other words, you may expect something
to happen this particular day, but it

may do something entirely different.

And then there's other days that are
predisposed to really just be acquired.

We'll talk about that.

And the most important is time of
day, time of day for day trading is

absolutely paramount just because we are
day trading doesn't mean that you can

just sit down at any old time and say,
okay, I'm going to buy the Euro here.

And therefore I'm going to be profitable,
or I'm going to sell short the Euro

yen because, you know, I got off of
work and I can sit in front of charts.

Now it does not equate to that.

There are specific times of the day that.

We'll move price and gyrate price
around and in the market makers will

facilitate trade, but at these particular
times, and there are no set brokerage

operating hours, but there are time
windows that we have to work within.

So while I don't trade in zones in
price, I do trade in zones and time.

So you have to be flexible with
time and demand specifics in price.

That means we're demanding specific
things that occur in a window of time.

So the flexibility resides in time,
not price, price must hit our level

must go to our level and we look
for price to reach for that contrary

and PD at REA for our profit.

We do not wait for price to get
exactly to that level because we're

always gonna look to fix it early, but
we're always looking for these Xs and

entries to overlap with specific times.

And what we're primarily
focusing on our volatility,

expansions or large daily ranges.

Okay.

Time of day.

What time of day are we referring to?

Obviously, if you're going through all
my pre tutorials with these times of

the day, aren't going to be new to you.

But for completeness sake,
I do have to incorporate.

Primarily, we're going to looking for day
trades at the London session open and as

basically the ICT kill zone for London.

And we're going to be talking
in terms of New York time.

So when I refer to a time here,
it's going to be relative to

what time it is in New York.

So typically London, the hotspot for
the higher load, the form for the

day is usually between two o'clock
in the morning and four o'clock

in the morning, New York time.

Now it can deviate and in transition a
little bit earlier, a little bit later,

relative to the economic calendar and
or daylight savings times, it has a

little bit of an overlap where there
may be some transition time before

the market observes any movement
from a daylight savings time or.

In daylight savings time.

Uh, the way I overcome that is I
look at my London open kill zone

beginning at 1:00 AM, New York time
and ending at 5:00 AM, New York time.

So it gives me that window
of four hours where it allows

literally nothing to escape me.

I'm looking already at that time when.

And I'm looking at the alkyne calendar
relative to the pair I'm trading.

So there should be some kind of
manipulation just before or at the

time of a news release that either
isn't medium impact or high impact.

And then therefore the trade setup
is seeing the next time window we

look at is the New York session open.

Now this is primarily
the easiest one to work.

Uh, you're gonna, you're gonna see that
with the insights that you're gonna

learn in this particular, uh, teaching
you'll know why that the New York

session really, really is so much easier.

And that's why I worked primarily the
majority of our mentorship thus far in

the New York session, because I want
you to get really friendly with that.

Uh, you know, London can
be a little bit of a beast.

So you have to know a little bit
more understanding about how the

daily range is formed within the
weekly range, and then the weekly

range forms within a monthly range.

So all of these fractal ideas, they
have to be utilized in modular fashion.

And over a period of time,
you'll get a better understanding

about how the sessions on.

And when London is to be avoided, which
we'll talk about this month, but New

York primarily is really, really good.

Now, the only time that you would avoid
New York is if the London session puts

in 80% of the average daily range.

And it's going to be very few times
that it does that, but generally,

unless the daily range is almost
entirely completed last five days,

average daily range, that's where I'm
referring to, uh, that measurement.

If it is.

Met or exceeded in London.

That is when you want to move to the
sidelines and don't even consider trading

New York because it's probably either
going to bounce around and go sideways,

or it may catch you in a reversal to you.

Weren't expecting.

And it's just better just to just sit on
the sidelines and don't worry about it.

Wait for another trading
day, London close.

Now I've taught, uh, London close
day trading strategy in the past.

Uh, I used to do it.

I lost interest in it because
it just doesn't give me.

Of a payment, if you will.

Uh, I'll touch briefly on it this
month, but obviously I have my

own teaching on it where you can
watch that in my free tutorials.

But nonetheless, uh, London close
is the time of day where we look

to really bank our positions.

And there are times when, if the
market is in a reversal, uh, intraday

a, it goes down into a logical
level of support or trades up into

a logical level of resistance.

Uh, that may be the very moment in time.

A reversal occurs.

London close is not always just
simply closed existing trades

and moved to the sidelines.

Many times London close can be
incorporated as a entry point

for longer term one shot, one
kill or swing or position trades.

All right.

The New York clothes is
basically just a time window.

What we're looking for is,
uh, the two o'clock hour.

Now I'm not going to, uh, argue.

Everyone else around the world
is going to say New York is

new later in the day than that.

Uh, I'll leave everyone else to
believe whatever they want to believe.

But what we're looking at is the
two o'clock hour and specifically

the three o'clock, which is
the close of the bond market.

That to me is the close
of the New York session.

So what we look for is in days to
have FMC interest rate stuff that

comes out at two o'clock hour in
New York time, uh, that usually

will run until around three o'clock.

New York time.

And then when the Biomark
closes at 3:00 PM, that's it.

Whatever happened by then that's the daily
range and there's nothing else to expect.

Very, very rarely are we
even concerned about that?

Because generally by noon,
uh, you're you're done.

You're not really looking at anything
past noon, Asian session open.

Uh, this is primarily 8:00 PM.

Uh, my time in New York, uh, we're
looking for very small little setups.

It takes place in this time of day,
but many times, uh, during the Ozzie

overlap into Asia, uh, you can actually
get the daily, lower high formed

in the Asian session open for like
the yen pairs, uh, Aussie in Kiwi.

Those types of, uh, pairs can
generally surprise at trading.

By forming A's, uh, special or
important, if you will higher, low

at that time of day, when you would
normally expect it in the London session,

uh, those pairs generally can have
a surprise informed their particular

daily, low and respective low at
that session, time and London lunch.

This is generally between
5:00 AM to 7:00 AM.

Uh, that time window is when the market
goes pretty much quiet and it prepares

for the next leg, either in the direction
that London co creates or a reversal.

And on days that don't promote any more.

Follow-through it can just be
a continuation rate from London

and goes right on through the New
York session and consolidation.

So London after 5:00 AM, New York time,
you generally want to just answer that.

A mode of transition,
retracement or consolidation.

So if we're, for instance, if
we're looking for lower prices

and we've gone short in London,
it's a pretty good idea to take

something at, or just before 5:00 AM.

Uh, just in case we get
reversal, uh, because there

can be London lunch, rebirth.

And because there's usually an economic
report that comes out late, like four

30 in the morning, my time, or it could
be a 5:00 AM release economically,

but nonetheless, you want to take
something during the London session

in terms of profit because the London
lunch hour can cause a reversal

or, um, a diva retracement that may
squeeze on your profits and dependent

by how far that retracement goes.

And some of them in London can be brutal.

Uh, you don't want to get, uh, The
opportunity pass you by where a good

position exit would have been favorable
for at least a portion of your trade.

So be mindful that between 5:00 AM
and 7:00 AM, that is considered a

London lunch, and we look for either
a retracement or consolidation

on that particular time of day.

Okay.

Dale.

I'm going to give you some characteristics
specifics about, uh, each day and

Sunday, generally we opt out because
the daily range is, is simply too,

too small to only a couple of hours,
but there are some things that we know

about Sunday for those data providers.

Use daily, uh, Sunday candles,
uh, some providers, some

brokers don't use Sunday at all.

Uh, but if it, if your broker doesn't
use Sunday, uh, don't worry about it.

Just use everything that we teach and I'll
refer to later on and we get to that, uh,

discussion about what we do with Sunday.

Uh, you just incorporate
that with Monday's data.

It's not that big.

Okay, Monday, generally, this can
create a small range typically.

Um, if it's a really large range and it
comes right out the gate, uh, you know,

direction wise and you understand where
you're at in terms of, uh, the PDRs.

If we're trading up into a premium
rate from jumbo new week and Monday

becomes a high range or large
range day, and it trades into.

PDA that can many times be
the high, the weak that's the

characteristics that we look for.

So that's kind of like a
tip that we can add to back.

Uh, the one shot, one kill content.

If Monday is a big range day and we
trade up into a premium relative to the

daily, then we can really anticipate.

That being the high, the week now,
generally Mondays are going to be a

small range day unless that type of
scenario unfolds or the opposite would

be if Monday has a big range, day and
trading down and it goes into a PD

at REA that's a discount on the daily
chart, then we can anticipate Monday

becoming the lowest low of the week.

Tuesday usually is a good day to trade.

In terms of specifics of one shot,
one kill, usually on bullish weeks,

uh, Tuesday has a 70% likelihood of
creating the low the week in London.

And therefore it creates a high
probability, uh, scenario to be a day

trader on Tuesdays in the very verses
said for when the markets are bearish, you

have a 70% likelihood that Tuesday's lemon
open will create the high of the week.

So generally Tuesdays are
really good days to trade for.

Wednesday are really ideal
scenarios, because what

you'll see is you have Sunday.

If you use those candles in your
platform Monday and Tuesday, or if you

don't have Sunday, you have Monday and
Tuesday behind you, and it gives you

some insight as we're going to share in
this teaching to help frame confidence

around trading Wednesday with a particular
mindset going into London and New York.

So generally ideal day trading
is seen on Wednesday because

you have some data maybe.

Thursday again is generally ideal
scenario, but gotta be careful.

Thursdays can reverse.

Um, usually that weekly range is again,
kept by Thursdays New York session.

So be mindful that if we do get a
good day trading in Thursday's London,

open, it may fizzle out and actually
reverse the week during the Thursday,

New York or London close scenario.

Friday's typically a small
range as we close a week.

Uh, but if there are objectives that
haven't been met by Thursday, in

terms of the PD res uh, you could
see a surprise expansion on Friday

running into that, uh, PDA Ray.

So it's kinda like a toss up.

It depends on what we've
seen in the weekly range.

If Thursday has met the daily PD array,
whether it be premium or discount that

we've traded for in terms of a target.

Uh, for the weekly range as a whole, if
that's been met by Thursday, chances are

Friday's going to be a really quiet day.

Uh, if it has not been met Friday,
can generally, sometimes surprise

us and have a big, large range day.

The weekly rain train.

Okay.

But we look for is on Sunday.

We determined a new trading
weeks opening price.

Now this will aid us in
intro week with day trade.

Directional bias to work with
now are, you know, some of you

are thinking and panicking.

Oh, Know, I don't use Sunday candles.

My broker doesn't use Sunday data.

No problem.

Just use your opening on Monday.

It's not that big of a deal.

It's still going to come to the same
consensus anyway, to just relax.

It's not going to be that much of a
disparity, but we're going to note

this Sunday opening and we're going
to note it and draw that out in time,

all the way through our 60 minute or
one hour chart, all the way up to 30.

Now the weekly range framework.

What we do with this is we take that
opening range price from Sunday.

And we draw it out on our hourly chart
and we draw it all the way until Thursday.

Now, why is it Thursday?

Well, because your profile say
on Thursday, you could see a

reversal unfold for the week.

So while we do have some rules that
we're gonna be sharing with you here,

Thursday may change that entirely.

And it'll also frame a hi.

Probability reversal confirmation,
if you will, if price gets back

above and when it's barest, like for
instance, look at this chart here.

If price were to trade back above the
opening price on Sunday during Thursday's

trading, we've probably turned the
corner and we've had a major intro week

reversal, and that many times indicates
a longer-term one shot, one kill bullish.

So we could get in sync with that.

If not the next day and Friday, we
could certainly be in sync with it.

The next trade.

So think about that in terms
of intro week reversals.

Uh, if we see a trade back above on this
case, since it was bearish for the week,

if we trade above Sunday's opening on
Thursday, we've had intraweek reversal.

And obviously that goes without
saying it's pretty obvious.

And some of you that are very
cynical and say, well, good grief.

That's the obvious Michael.

But think of that, what it's telling you,
you've had a intermediate term reversal.

So now, therefore Friday may not give
you a set up the trade long, but next

week you can, you can trade long or
Monday, right out the gate, looking

for a low in New York and London to
get along and, and take those positions

throughout the rest of the next week.

If this scenario was reversed and we had
Sundays opening, uh, forecast all the way

in drawn through our hourly chart, oh,
it's a Thursday and it started bullish for

the week and then traded down Thursday.

Through that Sunday's opening price that
registers a potential weekly reversal.

So therefore we can get in sync the very
next day on Friday selling short or the

next week, our scenario would go into that
new week going short, right from jump on

Monday, Tuesday, and Wednesday, looking
for the high, the week of form, and then

therefore going short every day in the
following week, based on the inside.

But the sun, the opening price filter,
we look for price to trade above this

level generally early in the week during
bearish weekly directional bias, and

other words that we're expecting price
the trade down away from a PD array.

That's a premium.

Okay.

We've seen price move up into
a premium it's already treated.

It has already fulfilled a premium level.

So therefore we're expecting expansion.

And we see the opening price and then
price starts to trade up Sunday and

going into Monday trades above it.

So therefore we're seeing a
little bit with Judas swing.

That's the criteria we're looking for.

And then throughout the rest of the
week, as long as price is lower than

this Sunday opening price, each day
of the week, we look to sell short

in all of our day trades caveat is.

Until a higher timeframe PD array that's
contrary to our trade is unfolding is

traded to, in other words, if we're
looking for bearish ideas, okay.

Directional lies, we're expecting
the weekly candle to be closing

lower than it opened on Sunday.

Middleweights the weekly candle
closing Friday, we'll close, lower

than opened on Sundays opening.

Or if your data provider opens on
Monday, if we're expecting that

down candle on a weekly basis.

As long as we are trading below
the Sunday's opening price.

We're looking to sell short
every single day in London

and continuation in New York.

But this is only true in this case
while we're looking for sell days

every day of the week, while we're
below the Sunday opening price.

That's true.

Only until we trade to a
higher timeframe discount.

That has us on caution and we may see
inch or week reversal if that happens.

Otherwise, if we continuously
take day trades short in London

and continuations in New York.

Okay.

Continuing with the weekly rain train.

The opposite said here for
Sunday's opening price filter.

We look for price to trade below this
level early in the week during bullish

weekly directional bias numbers.

If price is trading at a hard
timeframe discount array, whether

it be a monthly, weekly, and daily
there's suggestions that, you

know, the prices really oversold.

Institutionally speaking, not because
of indicators, but in relative

terms, if we expect something to
be bullish on a daily chart, that's

really the only thing we really need.

Uh, if the daily is at a discount
and we're trading, edit discount,

PDA Ray prices suggesting
higher prices, insufficient oral

flow, suggesting higher prices.

We're going to forecast the weekly
candle to close higher than it opens on.

As long as price is higher
than this Sunday opening price.

Each day of the week, we look to
buy long in all of our day trades.

That means we're looking for
the low, the forum in London and

a continuation by in New York.

And we continuously hold this idea
throughout the week until a higher

timeframe PD array in the form of a
premium is traded to then we would

expect a potential intro week.

So I know it's this probably going
way past your heads and it's going

a lot of information because many
of you probably shortchange yourself

studying the previous lessons.

I'm going to give you a few examples when
we look back at the cable over the last

three weeks and give you some scenarios
and what this did and how it helps.

Okay.

So we're looking at a British
pound USD, weekly chart.

So every range here represents a week.

Amount of data.

In other words, that's the open,
high, low and close of an entire week.

I want you to focus primarily at this
chart and think about power three

had gone through my free tutorials.

You understand what power three is,
but I want you to look at these candles

and remind yourself that the weekly
range candles that are large, have

the opening price and closing price
at opposing ends of the candle stick.

And this is important because it's
teaching you to focus and anticipate

range, expansion range expansion
on a weekly chart is a goldmine,

as long as you know, what the most
likely probable direction is on the

weekly candle that we're forming
right now, you can find setups.

You don't have to worry about missing
anything because last time I checked.

There's every new week.

There's a new candle for
me on a weekly basis.

So there's new setups to form.

Now, some weeks are better than others.

You're going to be small weeks.

There's going to be WIC, rural
high WIC, real low candles, and

then creating a small little body.

Those weeks can be challenging sometimes,
but there's other times when the, when

the candle itself is rather small and.

You're not going to make money every
single week, every single day, every

single month, that is not going to happen.

Even with my content, because you're
going to do something to break the rules,

or the markets is simply not going to
do what you hoped it was going to do.

But on a large scale probability
spectrum, you have more odds of

finding opportunities using this
criteria than in any other fashion.

No other discipline out there
gives you this focus point.

So now looking at this weekly chart,
we're going to look at a bullish candle.

Okay.

And what we're focusing on primarily
is that the open is usually

near the low, the weak, and the
close is near the high the week.

Now let's think about
this in relative terms.

It's a weekly candle.

So therefore the open is Sunday's opening.

Or if your data is only providing
Monday, not Sunday candles,

it's going to be the Monday.

Okay.

So what we're looking for is that
little bit of movement below the

opening price when we're primarily
bullish, and then we're going to be

looking for expansion throughout the
rest of the week until Friday's close

all the way between the open and close.

That's your range that
you're working within.

Now.

I know what you're thinking.

How do I know how far away
the close is going to be?

Calculations and things.

I'm going to give you to determine
what the weekly range may be.

And you're going to be thinking you
have to overlap with that in terms of

if the daily ranges and PD erase, but
between this lesson and what you learn

in later lessons, just for now, focus
on the fundamentals of knowing that

there's a large range based on the.

Candle that range is between the
opening on Sunday or your data

provider only opening on Monday that
opening price to Friday's close.

That's your time window.

We're looking for day
trades throughout the week.

Monday through Friday, we
have five opportunities.

And if we're going to be fair
about it, we generally have.

Basically a nine setups
that are pretty much solid.

We generally don't rush eight London
set up one Monday, but if you're

absolutely aggressive, you can be
looking for setups on Monday, especially

if you have a big range, uh, starting
right out of the gate on a Sunday,

going into Monday, uh, Frankfurt.

So if that happens, then that's
pretty much it, uh, a short deal that

you should be paying attention to.

London on Monday, so you still
have to be paying attention to it.

So regardless of where you live in the
world around midnight, in New York time

on Monday, uh, you need to be looking
at the charts and see how big the

range was for Asia or Monday's trading.

So from Sunday's opening all into
Frankfurt, uh, set up, uh, you know, what

that looks like by looking at midnight.

Uh, Monday morning, New York time.

And if it's a big range, then you
primarily want to look for that weekly,

high or low to form on Monday because it's
in a rush to get somewhere in a hurry.

If you look at the daily chart, many
times, it's going to line up with a

premium or discount array, and then
you pretty much know what they're going

to probably do the rest of the week

in the same thing in reverse
terms, looking at it downtown.

Uh, for the week we were looking
primarily from the open at the

beginning, we get Sunday, Oregon.

If you don't have something candles
in your platform, we're looking

at the opening price on your
Monday feed to Friday's close.

That's the range you're operating in.

So you're looking for shorts in this
scenario every day, looking for shorts,

as long as we're below that opening price.

At Sunday or Monday, that filter
gives you focus to look for now,

again, we don't just simply go and
look at just because for instance,

Tuesday's London open may be lower.

Okay.

It may be lower than Sundays opening.

In Tuesday's London open that does
not mean simply go in there and start

going short, because I just said
something in general terms like that.

No, we're going to show you in three
examples of what can happen and

why that isn't always that simple.

You have to look at again,
the PDA res and the PDRs.

Okay.

Our first and three examples here,
we're looking at the daily chart of

the pound, and this is illustrating a
premium PV array on the daily chart in

the form of a daily rejection block.

Okay.

And an old low discount.

So we have two reference points
framed here, and we're going to

look at the week of this recording.

Okay.

And you can see all of the days
for this particular week are noted.

And our opening prices forecasted
throughout the week until Thursday,

Thursday has a delineation.

She can see the separation amongst
all the other days, Monday, Tuesday,

Wednesday, and then the product
you can see that we had that

daily rejection block premium PDF.

Traded two and above the opening
price on Sunday and prices started

trading softer right away on Monday
trading lower now on Tuesday.

Okay.

We had pro sell off right after the
transition from money into Tuesday.

It's sold off.

Then when the consolidation and the
consolidation continued all the way into.

The London open for Wednesday
and then price rallied again.

Now think about what's happened here on
Wednesday, Tuesday and Wednesday price

had traded down into a fair value gap.

So we had gaps support, and you
can see that gap really being

noted here on the previous week.

But we'll look at that week after
this one, but price traded down

and found support and couldn't
find it's way below 1 20 14.

Tuesday and Wednesday finally it rallied
up creating another consolidation.

And in Thursday it trades up intraday
creating a high that's higher than

the consolidation that was formed
in Wednesday and it was rejected.

And then we sold off or
non-farm payroll on Friday.

The general consensus is that
we were looking for cells, the

low that opening price onsite.

Because they had traded into
the daily rejection block

PD array in a premium basis.

This is the reason why I gave you a
short objectives of 1 24, 21, 23 75.

And in 1 23, 10, 1 23, 10 didn't get
traded to, but 1 23 75 did, and we

had a low of the week of 1 23 66.

And it's 10 pips below the low that
formed for this old low discount PDR rang.

Okay.

Our second scenario or example for
case study, we have a daily rejection

block, premium PD array, and we have
a bullish or block low discount PDA re

okay.

The previous week prior to the week of
this recording, can, you can see the

opening price on Sunday and right away
price shoots out the gate on Monday trades

up aggressively trades higher, and then
sells off again in London, on Tuesday and

in trades down through the opening price.

Now watch what happens on Wednesday.

The mantra would be okay,
we're below the selling.

Uh, Sunday's opening price.

So therefore I should be looking
to sell short because we're

below Sunday's opening price.

No, the reason why is because we traded
down into a fair value gap relative

to the daily chart, and we have that
daily discount bullish or block, see

how it started dead in its tracks.

So while we're still below the opening
price and we hit a PD array in a

discount, contrarian scale, no words,
we're looking at something that would

be opposing our expectations on lower.

If we're at a discount on the
daily, if it hits that we have

to look at what that PD Ray is.

Is it premium or discount in this case?

It's discount.

So therefore it's going to offer support.

We cannot be a seller in
this particular setup.

We anticipate what unfolding a reversal.

So we have Wednesdays profile,
Wednesday reversal or low the week.

And then we can change gears and
forget the Sunday's opening price.

And we're going to focus
primarily on the weekly profile.

And we transitioned from that.

Now we're going to incorporate that
weekly profile of Wednesday, low of the

week, CBC, the low forming at that PD
array a discount on a daily basis, but

the order block in London on Wednesday,
it trades down and then on Thursday,

it trades down into that fair value.

A gap also.

A discount PD array, and then
expands up above the opening

price that's seen on Sunday.

And then on Friday, it opens and trades
down again into a bullish or a block

that was seen on Thursday's trading.

And then it expands up against
once more closing in the liquidity

void formed on Tuesdays trading.

So you can see how it's just
simply not watch a video from ICT.

And there it is.

It's simple as that you have to blend
some things and look at what would be

barriers, where, what are the barriers
or speed bumps to you getting to

what you think price is going to do?

Because we understand if the data
ranges looking back 20, 40, and

60 days, we understand the PD Ray
matrix, what makes a premium array?

What makes a discount array and
where we're at in that scheme?

The matrix are we above or below
equilibrium in this case, when price

traded down Wednesday into that daily
discount bullish, shorter block, you

can't just simply say I'm going to go sell
on short because it rally up in London.

It's sold off a little bit, but
traded down to that bullet shorter

block inside the fair value gap.

These are all daily PD
erased in the discount.

So if it's discounted, it's trading
on a daily chart, it's going to resist

going lower, but it will paint all
kinds of scenarios that would look like

cell setups in the retail spectrum.

And then all of a sudden you see the
market trading higher and it goes up into

its respective contrary discount PDA ring.

In this case, it's the Tuesday
liquidity void being closed in

fair value gap up at the 1 25 50.

Okay.

Our last example here we have the
bullish order block, low discount

PD, Ray, and we have an old high
or equal highs, premium PDs.

Okay.

And we have the opening price on this
particular week's Sunday's opening and

price trades rate from the opening.

It curves up a little bit on Monday
and trades down right away into

the bullish or block low discount,
PDA Ray and rallies away from that.

And then we have one more attempt to go
lower on Tuesday trades down into it.

Tuesday and then expands up.

So now Tuesday we've traded
above Sunday's opening.

We are at a discount on the daily.

So therefore we have our scenario
expecting the weekly range or candle to

close higher than it opened on Sunday.

So therefore our mantra is every day,
we're looking for an open decline, low

the day by it in London, in New York.

We're looking for retreats.

Into the rains it was created from
London's low to the high formed prior to

eight 20 8:30 AM in that, in that realm.

Uh, we're looking for that CME opening,
which is 8:20 AM, New York time.

When that occurs, generally, that's
going to be the setup in new.

And so usually a continuation, therefore,
uh, and we're going to be looking for

an expansion continuing on the up move.

So we have the criteria met with a
discount PDA rate on the daily being met.

Well, Monday's trading.

We trade above some of these
opening price on Tuesday.

So therefore Wednesday, Thursday, we're
looking for openings in London, the trade

down by at a logical discount PD array,
and it's lower timeframe, hourly chart.

And.

Look, what happens on Friday?

The criteria says that Friday can be
a quiet day and weekly range can be

kept by Thursdays trading in New York.

And you see that happens here.

Notice also because we did not hit
the old high or equal high premium

PD array that particular week on the
24th of March on Sunday, we opened.

Rallying right away.

And it makes a run for what
the daily PD rate equal highs.

Once it hit those equal highs.

Then on Tuesday, we see that we, that
we just talked about, it creates that

failure swing around that 1 25 90 level
creating the high of the week on Tuesday.

So there's that overlap of PD raised
that caused the previous examples weekly

high the forum on Monday and Tuesday.

So you have to blend some things, but
incorporating the Sunday's opening

price and blending it with PD rays
from a discount and premium basis

on a daily chart, you can frame
out what the weekly range will be.

This is this, you also with one shot,
one kill, but more importantly, it helps

us frame whether we're going to be a
buyer or seller each day as a day trader.

And if that condition's really there,
if we don't get the open-ended.

In London that we're looking for to
be a buyer and say, this rallies,

we don't do anything with it.

Or if it trades down later in the day
in New York, we can be a buyer in New

York and it looked for the expansion
on the upside when we're bullish.

So hopefully this has
been insightful to you.

We're going to build a lot more on this
information throughout this month, and

you'll be a lot more details and, and,
and processes that you go through.

But this is a strong foundation.

It helps fill in a lot of gaps from my
day trading, intraday stuff, and power.

And especially with the one shot, one
kill setups that you learned about in

the previous month in March, but it's
important that isn't simply, you don't

look at the opening price on Sunday
and therefore it's above or below it.

I'm going to just do that.

Now you have to incorporate the PDA race.

And again, this is the reason why it's
not to simply watch it video and do it.

You have to.

You have to have these things on your
chart, know what they are, identify

them, label them on your chart.

And when it's traded to you anticipate
specific things to unfold Ellipta will

move from one PD array to the next,
from a discount to a premium, from

a premium to a discount and knowing
what they are on a daily chart will

help you build and framework for
your weekly candle, forecasting it.

And if you are trading in the
right direction, you only need

really one good day of the week.

If you get 30 to 50 pips in one
trading day, that is all you need.

But I already know, and you're going
to want to do more than that, but use

the rules that's been shown to you
thus far, this mantra in this first

teaching and we're to build on it
and our understanding about how we

can incorporate all these rules and
more roles leading to your complete

day trading system until next lesson.

I wish you good luck and.