Original subtitles

like I was saying over here right some people may not view

that as a swing pullback some people may view that just as a

have the stats yeah I just can't recommend enough that you

Um but yeah keen to see what you guys come up with. Um yeah

and yeah I'll be really interested to see what stats

course we start to apply multi-time frame analysis to

more aggressive. So there will always be slight differences.

because everyone will view structures slightly differently

everyone's going to have slightly different stats here

do this but I'll stop ranting now I'll let you get on with it

would have already done the hard work and you will already

ahead of time that price isn't likely to pull back but you

you get because of course there's going to be you know

a break of structure. Um you know some people may be even

on that so you have a really good idea about that okay yeah

apply liquidity concepts you will then have such a great

understanding of you know when you can see but and anticipate

structure do it just on one time frame right I'd recommend

and see what stats you get. So yeah put some nice music on and

this we start to apply supply and demand and we start to

separate column where you're purely just looking at the

hours spend structure have a total number where you've

whatever and then you will eventually come to a total

the four hour time frame and then again as we go through the

yeah and let me know how you get on you know check your

charts into the community if you want any feedback as well

advanced right and then you can start looking at minor brake

structure and things like that but I think that's a little bit

did so I'll be just put you know the tick beside the swing

and so on and so forth and then if you want to be really

overkill for now just concentrate on your swing

first initial change right and then you'll collect the stats

right so that swing low didn't pull back to be fair that one

you can get a bit more advance and you may want to have a

know what we're trying to call stats on then you can quickly

collected and you know what percentage in general and then

go back and see you can count them all up right so you have

one should go there right so that one doesn't pull back to

percentage okay so I would just do it very simply for the four

and right maybe make it a little bit bigger whatever save

didn't come back that case it didn't this case it did so

the the the EQ's into the discount so in terms of you

one column with all the ticks or one column with all the Xs

you may want to put that in all the places where it didn't

each swing low and then maybe you you want to put like a

low just so you know exactly what it's referring to so that

it down as a template and you can go well in that case it

cross just make it nice and red keep it pretty right and then

maybe you want to put like a little tick there be beside

on and you can even you know change that to green be nice

you want to use this icon here right as each time you draw it

now or do it as you go along and you know take a tick maybe

on a piece of paper right be a bit old school is do this and

want to do it notion on a spreadsheet or literally just

what I would do right however you want to do it whether you

it and you have that percentage figure staring back at you and

then you can either do it the end like I'm going to show you

edge in your favor yeah and you can trade with confidence so

everything that we've looked at in trading an edge and then you

to take that long-term focus on the law of large numbers right

can be the casino right rather than the gambler you have the

doubts because you've done the hard work now, you've collected

you can use that with confidence and that helps you

can look at your trade plan wherever you're going to record

sabotaging yourself and you know, having those ifs and

that color data and you can look at your spreadsheet, you

that highest probability of you know, having success and not

going to run into but if you have cold, hard, mechanical

capital, the more psychological issues you are potentially

data to back that up, right? You're going to give yourself

910 whatever figures right The higher you go with that account

to be a professional trader and you want to trade 678 you know

wonders for your psychology right because if your goal is

that move is going to continue right so that is going to do

know build that portfolio of evidence then you're happy to

maybe you want to see a bit few more other things to to you

and rather than you waiting you have than conviction you know

will know with X percentage probability you know how likely

data rather that be 2345 10 years, however much you do you

looking to get long you can know maybe at the start of

get in long here because you know over X amount of years of

trends how often it does pull back and how often it doesn't

market because if you're seeing this move here right and you're

your dollar on the four hour chart it does that X percentage

amount of times then you have so much confidence in the

premium prices in a bearish trend and you know that okay on

bullish trend and how often price will pull back up to the

often price will pull back to the discounted prices in a

hard work and you have the hard cold data to back it up of how

proved it to your mind right you've gone in there on the

**** seriously right this is a professional business collect

the data do the work and then when you have that data you've

on the four hour chart probably won't actually take you as long

as you know for your for your future self right take this

going to be the pair that you want to concentrate on or

hours put some music on enjoy it see it as an investment as

as you think but you know literally if your dollar's

whatever pair it is you know it's only going to take a few

of data there not over just under 10 years of data you know

data feed the four hour chart goes all the way back to two

with your swing structure is go further back collect as much

data as possible you know I believe on on this Forex. com

what I would also recommend if you haven't done so already

thousand and 13 right so you can get you know over 10 years

should have marked on your charts draw all of these on and

go back through the the swing structure that hopefully you

can really kind of piece the puzzles together so obviously

start to build on this more with more concepts yeah and we

but it can be very very powerful especially when we

yeah hopefully that's you know it's a reasonably simple tool

structure so now at this point we can mark out the low to the

high to the low right and then we can expect potentially price

to pull back up to those premium prices again okay so

and so forth and of course we'll be using multi-time frame

analysis as we go on and then we get another break of

you can look at the substructure breaks and so on

of character really until down around here right but you know

get a minor break of structure you know another kind of change

shorts to then take this to the downside yeah and then we don't

you that's you know high enough probability to still look for

going to have to decide whether or not that's still okay for

low to do what to target the four hour pull back back up

the internal leg right we can wait for price and then pull

into premium prices right so you can see it just misses it

by a few pips but again you know this is where you're

back into the discount of this internal leg right this

internal structure then we can look to buy that internal high

of character so then what can we look to do we can then mark

minor break of structure right because we break the high the

minor high within that swing leg so that gives us our change

that is our high there price then takes that it gives us our

pullback how do we know that four hour pullback is about to

we get that we get the minor low minor pullback we take the

they don't care for price to come all the way back up here

minor low because we took a low that means there must be a high

high to the low right what can we do we what do we expect

from the low to the high right and we can then look to

after a four hour break of structure we expect a four hour

4 hour trend change so that point we are bullish we draw

in this case price ends up going lower and we do get a

expect we expect a four hour pullback how can we anticipate

flow starting to kick in and we can look to target the EQ but

right because we get that first initial change of character

prices or because there's so much momentum actually you know

and then we fall back down again right almost there draw

you know what sellers want to step in right they they don't

potentially take control and then we do give it that initial

technically make it right it it came up to a decent area value

to the discount prices there for me personally and then in

alright and then we get that change of character to downside

they're just stopping the sellers from driving price any

potentially short back down into those discount prices

from the low to the high up into the premium prices and

and then we start to kind of fall a little bit more

kick in we can look for a change of character so where do

you know maybe that's enough for you to then look to want to

into the premium what do we get lower high forming in the

the swing low there and we pull back up into the premium prices

you'll see sometimes we do and sometimes we don't then we're

in this next swing range here of course we do pull back up to

does pull back to to pass the EQ or not okay so although I

us more confirmation we look for a change of character to

right where buyers are going to want to wait for those premium

has to pull back a little bit right buyers cannot generate

adding these sort of layers of you know analysis to help us

to take shorts so where can we target well let's say we got in

said it's not valid in terms of that of course you can still

could be looking for long term here but it ends ends up

come down to below the the the EQ we are in discount prices we

right collect the stats on this do the hard work how often on

so sub low is the most aggressive but we get one there

discount then we're then when we are into the discount right

right now we have our four hour break of structure what do we

high to the the swing sorry the swing low to the swing high

must have a minor high that is where our minor high is so then

we do try to sell off when we get to the premium right and we

remember we spoke about this before is this substructure low

sense to you so again we have massive massive momentum here

prices of the internal leg but also in the premium prices

change of character to the downside with that minor break

up to form that lower high comes back into the premium

ups are right multiple in a row you can those high lows

one we looked at here where we got that first initial bullish

are starting to run out of steam and that's why we only

because what happens price pushes down now you have a bit

get short and you're happy to sell within the discount prices

we're in the premium prices of the swing leg we've had a

we look for price to come back up yeah that's you know

how often when we get that first initial trend change

week low right as a minimum again and again and again just

momentum that we are going to get a steep enough pullback

potential you can be in the long term bearish trend change

starting to piece together new swing range here again come up

then we sell off then of course in this case we do come up to

premium versus discount on those internal legs right

of structure here so we've moved down we don't just

you're just going to have to work out you know are you

the premium prices don't actually draw it on so it's to

the upside right we look for that break of structure so we

that swing run is over and the four hour pullback is kicking

right or to the discount over long and yeah and you and

initial trend change right so now the longer term trend is

at a minimum target of the swing low here with the

be looking to sell for how do we know now that the lower high

turning into a bearish reversal so we mark out the low to the

enough demands right to push price up higher and then we get

this case of course we do come back down to the discount

more confidence that lower high is going to form why because

premium change the character to the downside we can then mark

the rest of these and yeah we'll just kind of finish it

up to the premium we get that nice you know premium prices to

here but even then we we barely take it we just about wick it

what we'd want to see then we do get that first initial trend

the internal leg what do we do we pull back up into the

it's quite later on in that initial trend so you know

first initial bearish trend change here price didn't

and we push down and now this is when you can even use the

full on reversal so now we are bearish again we draw from the

because all of these candles here right they all break the

then pull back to the to to the discount or to the premium

another one another one showing you you know that bearish order

don't know why I haven't got my little circle on there we go so

change again here but we do come back this time right but

trend change right price didn't come back down then we got that

try to go down but remember we spoke about this this is when

take a low right this low here what does that mean it means we

correctively now right pull back up into the premium prices

low to the swing high what do we do pull back up into the

move to the upside this time just about miss it or do we

nothing in this leg on the four hour leg for price to break in

maybe going through this and you're going you know how

pieces of the puzzle are slowly coming together so in this case

those trades short right so when you see a lot of momentum

going to be happy to sell a discount there are going to be

momentum at the start of the new trend okay so now we are

lower we then start to get those internal it breaks the

that first minor break of structure we get another one

starting but now we're overlaying premium and discount

theoretically what is the likelihood with that amount of

just the first one or potentially the second

back down to here but if you see certain things and ticks

premium of the internal leg we look to get short target that

good areas of value okay so you can start to see now how these

an indication that that high low may have now formed to give

and this we have to where you have to kind of ask yourself

right of the swing leg that's now a high probability to look

the same thing again and again using those changes of

out yourself and collect those stats and see what makes most

you know trying to count the stats here right of whether it

high and in this case right we do we get that trend change now

we do pull back up into the premium so remember the first

starting to end but in this case we do actually pull back

of this four hour leg right then we are within the swing

mark out the internal leg right we wait for price to pull back

when the pullback may be over and the next swing run is

right this time we don't quite make it the EQ but not quite so

you're a dollar right how often on that first initial trend

look to take these trades and this is what I mean right

going to be happy to sell in those low prices right are you

premium and then that is enough for sellers to step in again

technically not a valid pullback to in terms of just

get another couple breaks of structure and then we get that

reward okay so this is what you're going to have to figure

this is a case where it is the first initial trend change but

but not quite into the EQ and premium right which is ideally

want to jump in sell straight away so what can we do we can

potential higher low right we know we're in good areas of

character those internal breaks of structure to signify when

we don't come down to the EQ right and we continue to go up

bearish we might from the high down to the low okay and then

may be forming we get a change of characters of downside right

yeah really is so anyway let's just kind of quickly go through

we know that this is a good time to start looking for that

change does price pull back to the premium if we're short

because you expect it to get run next target can be down

the premium but it ends up being another reversal as that

that's probably why actually it does pull back right because we

off so in this case we do come back to the DEQ we come down

to give us that little extra edge to show us where ER in

substructure break that may be enough for you to want to look

starting to hold showing you that the buyers are starting to

if you're looking at kind of the long term trend you know

value for buyers to step in what can we look for to give us

have a minor pullback we then take that minor low because we

get a minor break of structure really until potentially down

the swing one is over and when the pullback starting and then

bearish for our trend is short lived so now we can mark the

that short we would want to try and see if pricing come can

and then we get another one here potentially when you see

short here first minimum target can be that week low right

and then here alright we do if we can get it to draw on we do

into discount prices and then buy a step in to fuel that next

the pair that you are interested in so in this case

towards the EQ of the range or you know further down into the

bit right and then we have to look at the premium discounts

in well we can look at internal breaks of structure so we don't

come up but remember what I said you want to be looking at

the upside and then we run that high and we get a high high so

right because we come down and then we take out that low there

buyers keep stepping in you can see those big wicks right

prior candles high so it's all part of the up move so there's

we take the high we pull back in and then we go right so it's

terms of minor breaks of structure all we really get

want to be thinking about just yet is just because some of you

prices but it ends up being a full on reversal so now we are

reasonably close it's not ideal I you know we were looking for

times plenty of times where if you still get massive risk

the trend is so strong they want to get in short price only

right so you can really see hopefully now how this is all

this and then you know we still at this point purely just

concepts and more tools that are going to help you as well

start to get that that pull back down here so we can mark

look at liquidity sweeps when we look at where there is

these other concepts we're about to learn and that's okay

getting a little bit ahead of myself here and talking about

know you have to take everything as a whole and we're

wrong with that in fact you know I would advise that for a

so now that has statch probability enough in my favor

cheap prices in the discount but like I said payment

the pullbacks kicking in and we pull back up into the premium

the discount if you're getting long because you know like I

favor as much as possible okay so the reason why I'm kind of

come to it yeah the EQ right again not going to be picture

tick to start to tip those those probability scales in our

be consistent then we are within this swing range here

in this case right we are playing in this swing range

and demand right that is going to increase your or

minor breaker structure there had another minor break of

highest strike rate okay but as you go on you will you will

probabilities we end up getting another change of character to

the momentum is very high. Obviously buyers are stepping

structure to the upside that change of characters to show

range so that swing highs all the way up here all the way

and boxes are ticked in your trade pan that occur when we

suddenly you'll see actually you know it's not looking

perfect but I would pretty much count that as coming back down

pack swing pull back that's okay but again just remember to

of multiple time frames that is when it becomes very very

buyers and that gives us the fuel to then go up to the next

some of you may only want to trade pro trading for example

going to give you your highest possibility of having that that

through the course and of course through the course of as

those new trends how often you know is it likely that price is

okay it's not ideal that I'll be buying here like looking to

leg right and then that it comes down to cheap prices for

supply and demand and you see that happen then you can go

buy here in the premium and it could be a bit early and we

things you may notice is that the start of new trends right

high will hold until it doesn't so when prices in premium

lot of you even when you're starting out because that is

other concepts that we haven't looked at or or really we

maybe doesn't pull back that often but as we start to bring

getting a little bit ahead of myself here but as we go

in those other things especially when we look at

to be happy buying in the premium okay so that's why you

always to build that portfolio of evidence to start to tick

EQ right now one one other kind of thing I'll say is again

to identify and you'll see what is forming on price action then

move now in this case you can see we didn't come back to the

learn concepts such as you know liquidity concepts and supply

commonalities am I seeing when price is not pulling back

was saying right it's going to depend on each individual

trader kind of how conservative or aggressive you will be and

increase the probability of buying in the premium right so

useful is this tool is it really worth it you know it it

right we mark out the EQ ideally we want price to come

could come down lower but actually I've seen X Y and Z of

down into the discount right and as at absolutely nothing

stuck within this new range here and this time we can see

down to the slow here for me obviously a very very shallow

right we did come you know back into the the discount of the

ideally we want to be buying back down here right in the

going to pull back that deep. Now one of kind of the the

can target this low right but of course we're playing with

going to pull back we're kind of getting a lot of high

want to take note of and record you know that the start of

likely now price will come back to the premium sorry back to

you can anticipate you know to expect that price isn't

we go through the course we are going to learn you know more

and some of you may only want to look to buy when price comes

forgetting everything else we just assume that this lower

the premium if it's bearish and try and spot those things so

swing trend what do we expect we expect that potentially we

pullback there some of you may not classify that as a swing

in because they really like this area. How often does price

back but anyway we get that next bearish leg right now we

right? And that may be something that you know you

for our swing pull back so in this case we can then mark out

low okay so let's speed this up a little bit draw on our next

you're always waiting for price to come up into the premium

looking at market structure and one single time frame right

prices of this 4 hour swing range right then we get that

that 4 hour break of structure we get a minor break of

this case right buyers keep stepping back in we've had a

then we are in the bullish trend right and then we wait

structure we are now in the premium remember we spoke about

bearish change of character back in line with the overall

know how likely it is and not overall price is going to pull

that is the lower high in place we've mitigated the the premium

premium so you can see set is start to step in already but

powerful and you'll see then how useful but simple this tool

start to collect data and get a bit more experience because if

make this a little bit more dim because it's already annoying

now of course at this point we do pull back up into the

aggressive or how conservative you know you want to be but

to the downside down here right showing us that potentially the

it's just going to be dependent on each individual trader how

me yeah see how often it will pull back and then yeah we can

this will just really give you a good understanding of you

multi time frame analysis as well which will get into it a

then how do we know when that pullback is going to be over we

only pull the pull back a little bit and it will go so

right then we start to get changes of character again back

to to just you know use it as a spectrum of probabilities and

is for us to be getting into shorts but you're going to you

to build you know a a more high probability trade idea right

out the new range that we are within and as we can see after

right the EQ and now we're ready to go and run this week

probabilities it's not always going to work out the price is

sometimes you're going to miss moves and that's okay right

introduced you know one more concept which is of course

always going to get those picture perfect pullbacks to

in this case where we have a nice big impulsive move right

quite tap it and misses it here by a few pips but if you see

swing high so we expect this low to be taken and we get our

the EQ or all the way into the premium you kind of just have

the leg right we pretty much come back to fair value for

and again this is something you have to get experience with and

test is that you want to be asking yourselves you know what

probability of when that pullback may be over so when we

see that you know the pullback starting to kick in and we get

the downside right now you have that extra piece of confidence

from the swing low to the swing high and now because we are

with a bit more confidence where that swing low likely is

obviously the higher up it goes the you know the the better it

discount tool right and now what we can see price pretty

going to come back that deep now one thing you will notice

anywhere to you know the the the discount if it's bullish or

now pro the 4 hour trend and we can look to target that week

right and then that's when we can draw on our premium versus

price coming up here it's pretty much mitigated the EQ of

does pull back see when it doesn't pull back it's going to

we're anticipating those swing moves purely just looking at

expect a pullback how do we know when that pullback is

will pull back to the EQ sometimes it will pull heavily

buyers and sellers we then get our change of character back to

break of structure so that's as simple as it needs to be you

much comes back up to the EQ right of course it doesn't

look for then another minor break of structure to the

that we get that next leg down so that's what you know the way

action is you know the market is is imperfect right we're not

know the whole point of this exercise is to see sometimes it

the whole point of this is to collect data see how often it

know one last point I kind of make about this blue price

basic market structure on one time frame alone now we have

that extra piece of evidence and that you are now building

low at a minimum right because that low never took out the

into the premium when you're looking for shorts sometimes it

the swing run may be over and that pullback is kicking in and

right to give us that minor break of structure to the

and then what we can do is position ourselves short we're

downside where we get that change of character here and we

upside which is what we get here which then shows us that

it the wrong way around but essentially all I care about is

premium versus discount just to help us you know increase the

then switch bearish right and then that gives us that sign

going to kick in when we're purely just looking at market

can see where we are within the leg right whether we're in the

swing high to the swing low so anywhere above the EQ is always

end up getting your colors mixed up if you kind of had

shift when you drag it across so it doesn't move if you hold

what do we expect after a four hour break of structure we

charts and you're flicking through multiple time frames it

those shades there so yeah really simple tool right we're

going to be the premium right no matter whether it's bearish

that change of character then we can kind of start to mark

so this whole time you can focus on price action and you

become a lot easier but for now I keep it even more

structure what we expect that to be that change of character

colors and shades everywhere so I wouldn't really advise that

you have them round right is just kind of whatever makes

to have more concepts and more analysis tools drawn on your

in the spares trend we get that four hour break of structure

about what colors sometimes you can get you know end up drawing

you kind of do that in the live market so I would do something

shift right and then just have it drawn off to the side here

that's the discount right so that way you you know you don't

can get very very confusing when you have all of these

range and essentially that way you know I don't really care

bearish right because we're looking at these lower lows and

which way you would draw it is in the live market right

like that or it can be even better is you can just hold

where is the EQ I know that that's the 50% right from the

higher the price that's the premium the lower the price

would just price was down here and you're anticipating

premium or the discount and that way it just yeah it will

potentially where price is going to pull back is you can

minimalizing that so I have it I just have it the stages of

imagine we don't have all of the price action yet but you

or bullish the top part is always expensive right the

just have it on the swing leg right rather than having it

drawn the whole way across because you know as you start

there's a few ways you can go and do this in the live market

low highs is you can draw it from the high to the low and

sense to you right but yeah the way I was saying in terms of

now ignore the colors here it doesn't really matter which way

then you can see where we have the premium and discount now

something looking like this right so what we do when we are

already have our swing points so literally all we are

between those swing points so if you have that premium and

discount tool saved you know they briefly go over it in the

quicker than having to actually go through you know each bit of

going to be doing is drawing our premium discount right

practice a for playing around with premium and discount here

the theory video but essentially what you want to

have if you haven't already is have this fibre tracement tool

it won't get you know kind of overwhelming and confusing if

that makes sense so yeah this will kind of be our sort of

want to keep it to a separate one here so then when we go

so what I'm going to do is just go through you know the price

toolbar and then yeah you should be able to have

which you can get over here and save it down to your favorites

discount yeah charts getting a little bit messy so I just

want us to do is to use our initial right the one that we

of the course and we start to build on more concepts what I

were first using this initial layout to build on those

get a little bit messy so we go throughout throughout the rest

price section and map out your structure because now we

back to our original one you know we can build on this and

section that we've done so far this should be you know a lot

concepts but just now whilst we really dig into premium

to have a separate chart save down so it may take a little

going to call it premium versus discount just because we need

solely for the premium discount lesson is I want you to go

drawing obviously the tools across the charts and it can

then you know call it whatever you want in this case I'm just

swing structure mark mapped out now what I want you to do just

discount whilst we do this because we're going to be

while to do that for just for the purpose of premium versus

just want you to make a copy so what this essentially will do

is just duplicate all of the drawings that you have done and

right hand corner to your current save template and I

Right okay hopefully you have saved down this template right

swing points on at a minimum drawn on potentially you will

you have drawn your annotations on here from the previous basic

still have your minor breaker structure right and you change

enjoy it.

market structure walk through and you have your four hour

your characters as well but ideally you have your four hour