ICT Forex - The Weekly Bias - Excellence In Short Term Trading

00:38:15
https://www.youtube.com/watch?v=Yqio1Ja0lIQ

Zusammenfassung

TLDRThis video lesson provides insights on utilizing weekly market bias for effective short-term trading. The instructor explains the importance of mapping bullish and bearish profiles based on weekly price movements, particularly focusing on key sessions from Sunday to Friday. Emphasis is placed on the opening price on Sundays, which serves as a critical reference point in determining market sentiment and potential entry or exit points for trading. The content elaborates on identifying optimal trade entry points based on price action analysis, particularly during the transition from the London session to New York's Wednesday open. Throughout the session, the instructor discusses essential trading strategies, including the significance of taking partial profits to secure gains, and encourages traders to adopt a logical approach to buying low and selling high while keeping their individual trading styles in mind.

Mitbringsel

  • 📈 Understand the weekly bias for short-term trading.
  • 📅 Important timeframe is from Sunday to Wednesday for market analysis.
  • 💵 Sunday opening price is key to determining sentiment.
  • 🔄 Power of three formations help identify entry points.
  • 📈 Aim for 150-300 pips when trading weekly ranges.
  • 🤑 Consider taking partial profits to manage risk.
  • 🎯 Focus on specific times for trade entries: Tuesday London to Wednesday New York.
  • 🔄 Be flexible with your trading strategy based on personal comfort.
  • 📊 Use price action rather than indicators for trade decisions.
  • ⚖️ Accept losses gracefully and learn from them.

Zeitleiste

  • 00:00:00 - 00:05:00

    This module focuses on developing a trading bias for the week, highlighting key points for successful short-term trading. Traders will learn to identify bullish patterns by looking for weekly lows to form between Sunday and Wednesday, particularly observing Tuesday's London opening to Wednesday's New York opening.

  • 00:05:00 - 00:10:00

    An analysis of market movement is crucial, especially observing how the market behaves from Sunday to Friday. Traders should note the Sunday opening price and use that to gauge market sentiment and potential movements throughout the week. Understanding the significance of this data enhances the prediction of price movements.

  • 00:10:00 - 00:15:00

    Understanding the sentiment surrounding the weekly opening price can help identify overbought or oversold conditions without relying solely on indicators. Participants should study higher time frame charts which can provide insights into potential future price expansions during the week.

  • 00:15:00 - 00:20:00

    Traders are encouraged to wait for price to drop below the opening price on Sunday for optimal buying opportunities, ensuring they are buying at perceived value. The methodology promotes understanding various entry techniques, allowing traders to adopt strategies that suit their trading personalities.

  • 00:20:00 - 00:25:00

    In a bullish scenario, the weekly low is anticipated to form either on Tuesday or Wednesday. If it forms on a Tuesday opening, traders should position themselves to buy after seeing a new low, ensuring they maintain awareness of their stop-loss to mitigate losses if the trade does not go as planned.

  • 00:25:00 - 00:30:00

    Conversely, bearish patterns will exhibit a similar structure, whereby traders look for weekly highs to develop between Sunday and Wednesday. Selling short opportunities are identified as the market trends upwards, ideally after forming highs during the initial trading sessions of the week.

  • 00:30:00 - 00:38:15

    The module encourages utilizing weekly ranges for trade placements, focusing on taking partial profits when hitting certain pip targets. This practice is emphasized for both day trading and swing trading, underscoring the importance of having a systematic approach during volatile market conditions.

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Mind Map

Video-Fragen und Antworten

  • What is the main focus of this teaching?

    The main focus is on the weekly bias and excellence in short-term trading, specifically mapping bullish and bearish weekly profiles.

  • When should traders anticipate weekly lows to form?

    Traders should anticipate weekly lows to form between Sunday’s opening and Wednesday’s New York open.

  • What is the significance of the Sunday opening price?

    The Sunday opening price indicates market sentiment and can be used to determine buying or selling opportunities.

  • What timeframe should traders focus on for short-term trades?

    Traders should focus on 30-minute or hourly timeframes to analyze weekly trades.

  • How important are partial profits in trading strategy?

    Taking partial profits is crucial as it helps reduce risk and allows traders to secure gains while still participating in potential larger movements.

  • What is the power of three formation?

    The power of three formation refers to a trading principle used to identify potential entry levels across the weekly trading range.

  • Is it recommended to buy below the opening price?

    Yes, buying below the opening price is considered an ideal entry point for bullish trades.

  • How much can traders expect to gain from a favorable trade?

    Aiming for 150 to 300 pips is suggested, depending on market conditions.

  • When is the best time to execute trades?

    The best time to execute trades is often during the Tuesday London session to the Wednesday New York open for bullish setups.

  • What should traders do if their trades go against their bias?

    Traders should be prepared to exit and accept losses, even if the market ultimately moves in their favor later.

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Untertitel
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Automatisches Blättern:
  • 00:00:10
    - folks welcome back this teaching is
  • 00:00:12
    going to be specifically dealing with
  • 00:00:13
    the weekly bias excellence in short term
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    trading okay the weekly bias and short
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    term trading point to focus in this
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    module we'll be mapping bullish weekly
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    profiles when to anticipate weekly lows
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    to form and mapping bearish weekly
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    profiles when to anticipate weekly highs
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    to form okay so the weekly SmartMoney
  • 00:00:45
    view as you see here this is a chart
  • 00:00:48
    depicting one week's worth of trading
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    and I want you to take a look at how the
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    market gyrates from day to day Monday
  • 00:00:57
    Tuesday Wednesday Thursday and Friday
  • 00:00:59
    this would be in a bullish scenario okay
  • 00:01:03
    this is for bullish conditions what
  • 00:01:07
    we're looking for is the weekly low to
  • 00:01:09
    form between Sunday's opening and
  • 00:01:12
    Wednesday they're high odds or the
  • 00:01:18
    weekly low to form before Wednesday's
  • 00:01:20
    New York open or would be otherwise 7:00
  • 00:01:23
    a.m. New York time the odds further
  • 00:01:27
    increase between Tuesday and Wednesday
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    focusing on Tuesday's London to
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    Wednesday's New York open
  • 00:01:40
    so let's flesh out some more ideas about
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    this what you're gonna be looking for is
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    a higher time frame directional bias and
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    there's a couple different ways you can
  • 00:01:51
    do that and I teach those in the
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    mentorship but if you'd like looking at
  • 00:01:55
    a higher time frame charts like monthly
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    and weekly charts they will aid you and
  • 00:01:58
    assist you in determining that but this
  • 00:02:00
    is a hourly and/or 30-minute time frame
  • 00:02:05
    viewing the weekly perspective so that
  • 00:02:08
    way you can see the entire daily range
  • 00:02:10
    over the spectrum of the entire Sunday's
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    open to Friday's closed what we want to
  • 00:02:17
    be focusing on is the opening price on
  • 00:02:20
    Sunday now some of you may not have
  • 00:02:23
    Sunday candle in your platform and
  • 00:02:24
    that's fine it's still beneficial for
  • 00:02:27
    you to seek out whatever the sunday
  • 00:02:29
    opening price is so you can use things
  • 00:02:31
    like websites that follow the foreign
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    exchange markets and get an opening
  • 00:02:36
    price because sometimes these I think
  • 00:02:37
    prices will create gaps from varieties
  • 00:02:39
    closed those gaps are very indicative of
  • 00:02:43
    sentiment and sometimes they could be
  • 00:02:46
    exhaustive or they could be insightful
  • 00:02:49
    and inform that it's showing underlying
  • 00:02:52
    strengths if it gaps up it may not feel
  • 00:02:54
    it may not trade back down and fill that
  • 00:02:56
    gap entry higher it may just straight
  • 00:03:00
    straight away you know Google North
  • 00:03:02
    right from the higher opening on Sunday
  • 00:03:04
    to open what we're looking for is well
  • 00:03:09
    on Sunday's opening we want to see that
  • 00:03:13
    opening price and extend it all the way
  • 00:03:16
    to Friday keeping that in mind and I'll
  • 00:03:19
    explain why that's important in a couple
  • 00:03:21
    of minutes but we're primarily looking
  • 00:03:24
    for is a power of three formation on the
  • 00:03:28
    weekly range but from a 30-minute chart
  • 00:03:33
    which is what we're showing here this is
  • 00:03:36
    going to give us the intraday reference
  • 00:03:39
    points and it'll show you how the market
  • 00:03:41
    moves and gyrates with this in now if
  • 00:03:46
    you choose not to use Sunday's data
  • 00:03:50
    which i think is little myopic lamb or
  • 00:03:54
    at least talking about the relationships
  • 00:03:56
    of the opening price for the weekly
  • 00:04:00
    range because they have to understand
  • 00:04:02
    the debt still is there in terms of
  • 00:04:05
    trading just because your platform may
  • 00:04:06
    or may not have a Sunday scandal the
  • 00:04:08
    market data in fact open many times
  • 00:04:10
    hours before you would expect it to a
  • 00:04:13
    fashion price when your Monday candle so
  • 00:04:17
    it's beneficial free to go through and
  • 00:04:19
    research and find out what you looking
  • 00:04:21
    prices on your respective Forex pair
  • 00:04:23
    that's what you're using you can elect
  • 00:04:27
    to go with the opening price on Monday's
  • 00:04:29
    trading but your data is going to be
  • 00:04:31
    slightly skewed okay so whatever your
  • 00:04:34
    first opening price is on Monday
  • 00:04:36
    you can use that price and draw that
  • 00:04:37
    across okay but if it's an instance
  • 00:04:40
    where the market starts at a lower price
  • 00:04:44
    level on Sunday we may not get the
  • 00:04:48
    opportunity on Mondays opening price to
  • 00:04:50
    dip down below it one more bullish or
  • 00:04:52
    want to be a buyer at the opening price
  • 00:04:55
    or below it okay so I use the Sunday's
  • 00:04:59
    opening price to teach new traders
  • 00:05:01
    because it teaches in number one
  • 00:05:02
    sentiment it teaches them overbought
  • 00:05:05
    oversold without the use of indicators
  • 00:05:07
    okay and it also teaches you to trust a
  • 00:05:09
    hard time frame premise what's the
  • 00:05:11
    monthly weekly charts suggesting are
  • 00:05:13
    they implying that we're gonna be moving
  • 00:05:15
    higher or are we moving lower this
  • 00:05:18
    example here is going to be framed on
  • 00:05:21
    the basis that we elected by a way of
  • 00:05:24
    analysis that the higher time frame
  • 00:05:26
    charts are looking for higher prices so
  • 00:05:29
    that means price is going to expand on
  • 00:05:31
    the open one Sunday or shortly
  • 00:05:35
    thereafter and having a higher close or
  • 00:05:38
    at least expanding throughout the week
  • 00:05:40
    to make a higher price level where we
  • 00:05:43
    can hopefully find an opportunity to
  • 00:05:44
    harvest some pips in terms of power
  • 00:05:50
    three what we're seeing here is the
  • 00:05:53
    relationship day by day and what price
  • 00:05:56
    has done with that opening price but in
  • 00:06:01
    terms of a weekly range if you're a
  • 00:06:03
    short-term trader you can use this
  • 00:06:05
    insight and not have to worry about day
  • 00:06:07
    trading at all once you know the opening
  • 00:06:10
    price you'll be anticipating that move
  • 00:06:13
    down below the opening price
  • 00:06:14
    now what level you choose to buy it down
  • 00:06:17
    there there's lots of different ways you
  • 00:06:18
    can do it and I teach a lot of them and
  • 00:06:21
    it's not important for me to share with
  • 00:06:23
    you any one particular setup because
  • 00:06:26
    I've learned over the years teaching
  • 00:06:29
    that some of my concepts don't always
  • 00:06:32
    gel or more or less work for certain
  • 00:06:37
    individuals it's not because the
  • 00:06:39
    patterns are they're not you know
  • 00:06:42
    favorable in terms of how to use them in
  • 00:06:43
    the price action it's because of
  • 00:06:45
    personality it I'll give you an example
  • 00:06:49
    to be a buyer when the market creates a
  • 00:06:52
    new low that is sometimes scary for
  • 00:06:55
    certain traders and they won't want to
  • 00:06:57
    do that other traders that see that and
  • 00:07:01
    they say what makes perfect sense they
  • 00:07:02
    will gravitate towards that type of
  • 00:07:04
    pattern the ones that don't want to be
  • 00:07:07
    buying below all lows that trader will
  • 00:07:11
    probably do very well when they do
  • 00:07:13
    optimal trade entry buys where it's
  • 00:07:16
    proven it's gone up a little bit and it
  • 00:07:17
    retraces it makes more sense for them to
  • 00:07:19
    do that so that's why in a free content
  • 00:07:23
    I'm avoiding that whole way of teaching
  • 00:07:26
    because it gives the impression to the
  • 00:07:28
    students or the first-time readers or
  • 00:07:30
    viewers of my content that I'm trying to
  • 00:07:32
    promote you to follow a specific mold
  • 00:07:35
    okay or or press you into a specific
  • 00:07:37
    mode which as a teacher and a trader I
  • 00:07:40
    know that doesn't work you can't work
  • 00:07:43
    okay it might work for some of you but I
  • 00:07:45
    don't want to make my success as a
  • 00:07:47
    mentor be based on just a handful of my
  • 00:07:50
    students I have a way of teaching where
  • 00:07:53
    the content is there for you to plug in
  • 00:07:57
    play for your own personality and I do a
  • 00:07:59
    lot of that stuff in the mentorship but
  • 00:08:01
    for free content this is all you need to
  • 00:08:04
    work with and you'll find all the setups
  • 00:08:05
    you'll ever look for now we can
  • 00:08:07
    fine-tune this principle and actually
  • 00:08:10
    give you specific levels on what you
  • 00:08:12
    would be buying at below the opening
  • 00:08:14
    price both in a day traders perspective
  • 00:08:16
    and/or a short-term trader so it's a
  • 00:08:18
    short trend trader if you've watched my
  • 00:08:20
    content and you've been well impressed
  • 00:08:23
    with the ability to have that precise of
  • 00:08:26
    an understanding you can still use these
  • 00:08:29
    same concepts by way of using the
  • 00:08:32
    opening price in trading the weekly
  • 00:08:33
    candle so the weekly range or weekly
  • 00:08:36
    candle they're synonymous terms okay but
  • 00:08:38
    I use them in a tune interchangeably but
  • 00:08:40
    for the sake of weekly range that's
  • 00:08:42
    exactly what I'm talking about okay so
  • 00:08:43
    what we're forming here is this
  • 00:08:45
    particular week's entire data from the
  • 00:08:48
    low of the week to the high that week
  • 00:08:50
    this opening price is representative of
  • 00:08:53
    the Sunday's opening price we would be
  • 00:08:56
    already bullish on the week we would
  • 00:08:59
    anticipate this movement from the open
  • 00:09:01
    and down we would
  • 00:09:03
    be interested in anything from the open
  • 00:09:05
    to trade up first we would look at that
  • 00:09:07
    as not interesting we would wait for it
  • 00:09:10
    to drop down into an oversold condition
  • 00:09:12
    what makes it oversold because its
  • 00:09:15
    opening price is value okay that's fair
  • 00:09:19
    value at the time of new trading at some
  • 00:09:23
    point in the future we would anticipate
  • 00:09:25
    the market
  • 00:09:26
    dropping down okay that dropped down
  • 00:09:29
    from the opening price it's going to
  • 00:09:31
    make price in terms of what we bought or
  • 00:09:34
    sold oversold because the context our
  • 00:09:37
    premise behind it we would already be
  • 00:09:39
    bullish relative to the monthly and
  • 00:09:40
    weekly chart so if we're expecting them
  • 00:09:42
    weekly try to continue higher the new
  • 00:09:44
    week we would expect to see the opening
  • 00:09:46
    price that drop down which is a Judas
  • 00:09:48
    link this engineered move is to knock
  • 00:09:52
    individuals are already out long or
  • 00:09:54
    drive individuals that are not in the
  • 00:09:56
    marketplace that want to sell short to
  • 00:09:58
    entice them to do so any pending orders
  • 00:10:02
    that would sell in a breakout it would
  • 00:10:03
    be filled down on this movement here so
  • 00:10:06
    you as a short-term trader you could
  • 00:10:08
    elect to buy at one of these levels
  • 00:10:10
    below the opening price that my
  • 00:10:12
    tutorials teach some of but we go into
  • 00:10:16
    great detail with that mentorship so you
  • 00:10:17
    can frame all types of entry techniques
  • 00:10:21
    and concepts they reside below the
  • 00:10:24
    opening price okay wait Lee uses
  • 00:10:27
    information from the free tutorial
  • 00:10:29
    standpoint is if we know that the low of
  • 00:10:31
    the week from the opening price on
  • 00:10:34
    Sunday making a low of the week on this
  • 00:10:36
    weekly range it's going to form between
  • 00:10:38
    Sunday's opening and Wednesdays New York
  • 00:10:41
    open the odds favor a greater chance of
  • 00:10:46
    the low for me when you're bullish
  • 00:10:47
    between the London set up and New York
  • 00:10:52
    set up of Wednesday so Tuesday's on them
  • 00:10:55
    set up to Wednesday's New York set up
  • 00:10:58
    between these two time periods I'm going
  • 00:11:01
    to encourage you to go through your
  • 00:11:03
    charts it's really really easy to go
  • 00:11:05
    through hindsight data and you'll see
  • 00:11:07
    what I just told you is like the
  • 00:11:09
    elephant in the room retail traders
  • 00:11:12
    until I taught this stuff publicly on my
  • 00:11:15
    youtube channel and in my to tour
  • 00:11:18
    nobody was talking about this
  • 00:11:19
    nobody was mentioning it no one was
  • 00:11:21
    using it and the folks that tried to say
  • 00:11:23
    they were always aware of it they showed
  • 00:11:25
    examples in their trades and it never
  • 00:11:26
    was there they were doing the things
  • 00:11:28
    that were opposite to what this teaching
  • 00:11:29
    teaches I've been doing this for two
  • 00:11:31
    decades okay and only a few handful of
  • 00:11:36
    individuals around the world had
  • 00:11:38
    opportunity to learn from me you could
  • 00:11:40
    read about 18 years ago or so and that's
  • 00:11:45
    small little circle of individuals they
  • 00:11:47
    and myself have the only ones have been
  • 00:11:49
    really been aware of this type of
  • 00:11:51
    phenomenon now since I made my tutorials
  • 00:11:54
    there's been educators and stuff's
  • 00:11:56
    they've linked on to what I teach any
  • 00:11:58
    renamed it okay they call it a weekly
  • 00:12:00
    strategy they call it you know whatever
  • 00:12:03
    else they want to come up with and they
  • 00:12:04
    add some kind of a twist in the title
  • 00:12:06
    but once you see what they're doing it's
  • 00:12:08
    what I've taught here and what I've
  • 00:12:10
    taught in my previous teaching how to
  • 00:12:13
    cache explosive price moves which is the
  • 00:12:15
    free tutorial which I didn't like the
  • 00:12:17
    presentation but if you watch that video
  • 00:12:19
    or look at it the first couple minutes
  • 00:12:22
    of that video is actually what I'm
  • 00:12:23
    showing you here so once that was
  • 00:12:26
    produced and shared on baby pips and
  • 00:12:28
    that crowd watched it all there - they
  • 00:12:31
    caught fire problem is is most traders
  • 00:12:34
    they don't know what to do with it below
  • 00:12:37
    the opening price one more bullish so
  • 00:12:39
    which level do you buy in this instance
  • 00:12:42
    I'm just gonna teach the classic market
  • 00:12:45
    structure goal - optimal trade entry
  • 00:12:48
    okay so you're gonna anticipate Tuesday
  • 00:12:51
    to Wednesday's low forming now sometimes
  • 00:12:54
    it's going to on on Monday but you can
  • 00:12:56
    still get a continuation move on Tuesday
  • 00:12:58
    or Wednesday but primarily I want you to
  • 00:13:00
    be thinking how Tuesday to Wednesday in
  • 00:13:03
    that time period that's when the weekly
  • 00:13:05
    low is gonna form many times it's going
  • 00:13:08
    to be Tuesday's long and open okay now
  • 00:13:11
    if that's going over your head I want
  • 00:13:13
    you to stop think about what I just told
  • 00:13:15
    you though weekly low most likely forms
  • 00:13:20
    on Tuesdays on an open when we're
  • 00:13:21
    bullish if we are bullish and it does
  • 00:13:26
    not form on Tuesday and we drop down on
  • 00:13:28
    Wednesday Wednesday we'll probably
  • 00:13:30
    be the low of the week if we go lower
  • 00:13:33
    than the low formed on Wednesdays New
  • 00:13:37
    York open you have to nix the trade and
  • 00:13:40
    go to the sidelines on the day
  • 00:13:42
    expecially if you took an opportunity on
  • 00:13:44
    Tuesday or Wednesday and they were
  • 00:13:45
    losing trades you have to stop and just
  • 00:13:48
    submit to the fact that you're wrong
  • 00:13:50
    even if Thursday or Friday it goes
  • 00:13:52
    higher and that's a very hard lesson to
  • 00:13:55
    learn because you were bullish on the
  • 00:13:58
    week but you get stopped out and it
  • 00:14:00
    still ends up going there and you've
  • 00:14:02
    missed out on it that's going to happen
  • 00:14:05
    it's happened to me many many times and
  • 00:14:08
    it does not undo the effectiveness or
  • 00:14:11
    the validity behind the setup there's
  • 00:14:15
    going to be an imperfection in your
  • 00:14:17
    trading so you have to permit that okay
  • 00:14:19
    but if we're looking for too low the
  • 00:14:21
    forum on Tuesday or Wednesday what we're
  • 00:14:23
    simply looking for is a new low in the
  • 00:14:25
    week preferably on Tuesdays on an open
  • 00:14:28
    or Wednesdays New York Oakland okay
  • 00:14:31
    between these two reference points
  • 00:14:32
    should that occur okay soon as we have a
  • 00:14:37
    lower low in a week formed we find the
  • 00:14:40
    short term high prior to that new low
  • 00:14:42
    forming in this case it's this here okay
  • 00:14:44
    so when that occurs that's our trigger
  • 00:14:48
    point so for individuals that want to
  • 00:14:51
    buy on retracements with optimal trade
  • 00:14:53
    entry we're going to wait for price to
  • 00:14:55
    break above this short-term high which
  • 00:14:57
    it does here from this point here you're
  • 00:15:01
    going to be looking for the low the
  • 00:15:03
    forum prior to this run-up now classic
  • 00:15:09
    fib people will go from this low to this
  • 00:15:12
    high sometimes that'll work
  • 00:15:14
    sometimes it won't what I want you to
  • 00:15:17
    look at is we have the most dynamic
  • 00:15:19
    price movement off of this low so you're
  • 00:15:23
    gonna anchor your fib on the lowest
  • 00:15:24
    close or open in that swing low drag it
  • 00:15:28
    all the way up to this body here now I
  • 00:15:31
    don't have that in here cuz I want the
  • 00:15:32
    two presentations to be clean because my
  • 00:15:34
    watermark on top of the chart and my
  • 00:15:37
    references I'm showing you here I want
  • 00:15:39
    you to go through and look at this for
  • 00:15:41
    yourself go through your own data it
  • 00:15:44
    the November 21st and 22nd of 2017 use a
  • 00:15:50
    30-minute chart and you'll be able to
  • 00:15:52
    see going that fib that low to this high
  • 00:15:55
    you get an optimal trade entry
  • 00:15:56
    beautifully lined up right there and
  • 00:15:58
    there's your continuation by and here's
  • 00:16:02
    the thing you're buying it below the
  • 00:16:05
    weekly open one Sunday you're buying
  • 00:16:08
    below that weekly open trying to do
  • 00:16:11
    power three one week this gives us the
  • 00:16:13
    best advantage okay to be in before the
  • 00:16:17
    expansion that takes place on the weekly
  • 00:16:19
    range because we're buying below
  • 00:16:22
    evaluation that would deemed as fair and
  • 00:16:25
    it drops down to an oversold condition
  • 00:16:29
    so while everyone else would look at
  • 00:16:31
    these movements dropping down here and
  • 00:16:33
    dropping down here as momentum on the
  • 00:16:36
    downside our perspective is like the
  • 00:16:39
    smart money we're looking at that as it
  • 00:16:40
    going down to an area of a really really
  • 00:16:43
    cheap price so if you're terribly afraid
  • 00:16:47
    just you know to step in there right
  • 00:16:50
    when it breaks below to a new low I
  • 00:16:53
    understand that but over time you're
  • 00:16:55
    gonna have to you know encounter that
  • 00:16:56
    and just move past it or just elect to
  • 00:17:00
    go with often trade entry as your your
  • 00:17:02
    pattern and there's certainly nothing
  • 00:17:03
    wrong with it but if you're wanting to
  • 00:17:05
    buy up here and you're always gonna
  • 00:17:08
    wrestle with the idea I wish I would
  • 00:17:09
    have bought down there this is only
  • 00:17:10
    going to occur if you buy at new lows at
  • 00:17:14
    a time when it should be creating the
  • 00:17:15
    low the week in like I said it's hard to
  • 00:17:18
    do that without just getting in here and
  • 00:17:21
    desensitizing yourself by practicing it
  • 00:17:23
    practicing in a demo account and doing
  • 00:17:25
    it live with a demo over and over and
  • 00:17:26
    over again to the point where you just
  • 00:17:28
    don't care if the outcome is going to be
  • 00:17:30
    profitable or not because that's what it
  • 00:17:32
    takes to be consistent you're not
  • 00:17:34
    worrying about the end result you just
  • 00:17:36
    trust the process of what you're doing
  • 00:17:38
    eventually over time the sample sizes
  • 00:17:40
    are more weighted on the positive side
  • 00:17:43
    of what you're expecting to see then
  • 00:17:45
    that of the temporary and sometimes you
  • 00:17:49
    know unwanted negative results that is
  • 00:17:52
    missing the trade or getting stopped out
  • 00:17:55
    so this would be the optimal trade entry
  • 00:17:57
    again it's on a day that we would look
  • 00:17:59
    for to form Wednesday and priced our to
  • 00:18:02
    expand we get about above the opening
  • 00:18:04
    price preferably we want to see price
  • 00:18:08
    show a willingness to want to expand
  • 00:18:09
    away from the opening price and not want
  • 00:18:12
    to come back down to it now there are
  • 00:18:14
    some certain caveats to this and I'll
  • 00:18:16
    add this to you just to you'd be a
  • 00:18:18
    little bit more splice on this if we
  • 00:18:20
    make the low of the week on Monday how
  • 00:18:24
    do we know that it trades back above the
  • 00:18:26
    opening price okay one Monday and
  • 00:18:29
    expands a little bit more okay this
  • 00:18:32
    right here we dropped down and went back
  • 00:18:34
    above the opening price I don't trust
  • 00:18:37
    this because it's Monday and I like to
  • 00:18:40
    see the Monday's range okay I want to
  • 00:18:43
    see what the money's entire daily ranges
  • 00:18:45
    so I don't I don't get the weekly loads
  • 00:18:48
    many times actually Isis be fair about
  • 00:18:51
    about 90% of the time if the week makes
  • 00:18:53
    it slow on Monday I'm missing that
  • 00:18:55
    because I elect to sit many times on the
  • 00:18:58
    sidelines because I want to use the
  • 00:19:00
    range of Monday to give me insights so
  • 00:19:03
    on Tuesday I like to get hopefully a
  • 00:19:05
    lower low when I'm bullish and then I'll
  • 00:19:07
    buy in here okay based on some pattern
  • 00:19:09
    or some kind of a key level I teach and
  • 00:19:11
    I'll ride that out and hopefully get
  • 00:19:14
    back above the opening price now if we
  • 00:19:16
    trade above the opening price one say
  • 00:19:20
    Tuesday I will permit Wednesday to see
  • 00:19:24
    retracement back down the opening price
  • 00:19:26
    funds and support and then rally back
  • 00:19:27
    away on Wednesday if we're breaking
  • 00:19:30
    above the opening price on Wednesday it
  • 00:19:32
    cannot it should not come back to
  • 00:19:34
    opening price now again in simple terms
  • 00:19:37
    Wednesday is de line in the sand if it
  • 00:19:41
    trades above the opening price one more
  • 00:19:42
    bullish we do not permit it to come back
  • 00:19:45
    down to the opening price it can happen
  • 00:19:48
    if we go above the opening price on a
  • 00:19:50
    new low on Tuesday we could still see it
  • 00:19:52
    come back down and retest the opening
  • 00:19:54
    price on Wednesday the algorithm will
  • 00:19:57
    want to expand away from this opening
  • 00:19:59
    price after Wednesday because it only
  • 00:20:02
    has newer opens time period to Friday's
  • 00:20:06
    closed and that's why you see this
  • 00:20:08
    acceleration in the movement on the
  • 00:20:10
    weekly range
  • 00:20:11
    nealy after wednesday breaks above the
  • 00:20:13
    opening price now you're gonna look at
  • 00:20:15
    this and I'm gonna be criticized by
  • 00:20:17
    folks that don't like what I'm teaching
  • 00:20:19
    because they're you know sold one
  • 00:20:22
    indicators or whatever else they're
  • 00:20:23
    doing or they don't like the fact that
  • 00:20:25
    I'm right they're going to say this is
  • 00:20:28
    being cherry picked in hindsight
  • 00:20:29
    capacity well grant I am hand picking
  • 00:20:32
    this in hindsight to show you because
  • 00:20:34
    it's already happened anyone teaching
  • 00:20:35
    you anything is going to be some level
  • 00:20:37
    of hindsight I'm telling you to go
  • 00:20:39
    through your charts and you will see
  • 00:20:41
    this yourself as many as examples that
  • 00:20:43
    you're gonna find you're gonna see
  • 00:20:44
    quickly what I'm telling you is the
  • 00:20:46
    gospel okay it's just the way it is you
  • 00:20:49
    can argue and wrestle with this but if
  • 00:20:50
    you trade against this premise you may
  • 00:20:53
    understand why you're losing money okay
  • 00:20:55
    so once we get through the opening price
  • 00:20:59
    on Wednesday and or on Tuesday or Monday
  • 00:21:02
    Monday I personally will never get the
  • 00:21:05
    low on Monday you know we clean low I
  • 00:21:08
    won't get that on Monday you can try to
  • 00:21:13
    test that theory and buy down here and
  • 00:21:15
    you might get something like this and
  • 00:21:17
    this could have kept on going if you're
  • 00:21:20
    going to trade on Monday if it trades
  • 00:21:22
    back to the opening price my opinion is
  • 00:21:24
    is to take some profits there and leave
  • 00:21:26
    a stop in so that way if it does not
  • 00:21:29
    yeah it protects any open profits but
  • 00:21:32
    leave it in there because you might have
  • 00:21:33
    caught the tiger by the tail
  • 00:21:37
    statistically studying all the possible
  • 00:21:40
    scenarios and weekly protocols that I
  • 00:21:42
    teach I elected to simply wait till
  • 00:21:44
    Tuesday and that's just the way I do it
  • 00:21:47
    obviously I'm not encouraging to follow
  • 00:21:49
    me step by step but I'm doing it and
  • 00:21:53
    telling you this because I want to be
  • 00:21:55
    open about how I do it Tuesday I'm
  • 00:21:59
    really actively looking at London open
  • 00:22:01
    okay that's really what I'm looking for
  • 00:22:03
    so between London open on Tuesday and
  • 00:22:05
    some of these opening I'm really not
  • 00:22:07
    doing much at all I'm just relaxing and
  • 00:22:10
    spending family time I glanced at the
  • 00:22:13
    charts but I'm not really trying to
  • 00:22:14
    actively pursue anything until around
  • 00:22:16
    1:00 and open on Tuesday and if you look
  • 00:22:19
    at the weekly ranges on the front
  • 00:22:21
    currency pairs you'll see that many
  • 00:22:23
    times
  • 00:22:24
    we are in the bullish or bearish these
  • 00:22:26
    turning points will form on Tuesdays on
  • 00:22:28
    and open but for this example here we're
  • 00:22:31
    bullish and we're looking at the opening
  • 00:22:33
    price on Sunday you want to see it drop
  • 00:22:34
    down it trades down to a level we wait
  • 00:22:37
    for it to break a swing high okay this
  • 00:22:39
    could have easily formed on Monday and
  • 00:22:42
    the retracement could have been
  • 00:22:44
    occurring on Tuesday like it is here on
  • 00:22:45
    Wednesday and in Tuesday could have
  • 00:22:47
    trades to do claim price and we could
  • 00:22:49
    still permit it to come back down to
  • 00:22:50
    that once a retest of the weekly open
  • 00:22:52
    but after that it's not allowed to do it
  • 00:22:55
    again if it ever starts to gravitate
  • 00:22:57
    back down to that opening price after
  • 00:22:58
    Wednesday trading through it it's
  • 00:23:00
    probably made a reversal or it's going
  • 00:23:02
    to consolidate for the rest of the week
  • 00:23:03
    either one's not good for a weekly
  • 00:23:06
    expansion now there's going to be times
  • 00:23:08
    where we'll trade above the opening
  • 00:23:09
    price on the weekly range and not go
  • 00:23:11
    very far and just gravity right back to
  • 00:23:13
    the opening price and it's going to be a
  • 00:23:14
    quiet next week if it's still bullish
  • 00:23:17
    the following week would still use the
  • 00:23:19
    same criteria okay but the next stage
  • 00:23:22
    would be really expecting that expansion
  • 00:23:24
    here now this portion of the weekly
  • 00:23:27
    range is going to be what you're holding
  • 00:23:30
    for an event say until Friday's closed
  • 00:23:34
    your mindset should be not trying to
  • 00:23:37
    find 10 pips or give me 20 pips okay I
  • 00:23:40
    start my week off looking for scenarios
  • 00:23:42
    that get me in down below the opening
  • 00:23:44
    price because I understand it below the
  • 00:23:46
    opening price is the ideal entry point
  • 00:23:49
    for all my day trades and my short-term
  • 00:23:51
    trading as a short-term to swing trader
  • 00:23:54
    you can use that insight using the
  • 00:23:56
    weekly ranges and not require yourself
  • 00:23:59
    to be anywhere near an hourly or
  • 00:24:00
    four-hour chart or anything less than
  • 00:24:02
    that
  • 00:24:02
    so there's no reason for folks that
  • 00:24:04
    watch my beer my my videos and I'll say
  • 00:24:07
    well you know I'm not a day trader I
  • 00:24:08
    can't use this information it's
  • 00:24:09
    interesting ICT but I just I can't do
  • 00:24:11
    that you have no excuse
  • 00:24:13
    because of this gave you a bazooka okay
  • 00:24:17
    this gave you the ability to go in there
  • 00:24:19
    and short-term or sling trade using the
  • 00:24:21
    opening price on Sunday okay wait for it
  • 00:24:24
    to drop down and simply go in and handle
  • 00:24:26
    it now I will toss this out there and
  • 00:24:28
    you guys can test this theory on your
  • 00:24:30
    own okay if at any time you are bullish
  • 00:24:34
    on a weekly range if the opening price
  • 00:24:37
    and we
  • 00:24:37
    drop down say 30 pips okay if we drop 30
  • 00:24:41
    pips from the opening price on Sunday
  • 00:24:43
    test this theory out if you're bullish
  • 00:24:46
    buy 30 pips below the opening price one
  • 00:24:49
    Sunday and use a hundred and 50 pips top
  • 00:24:52
    this is for swing traders not short-term
  • 00:24:54
    traders okay and let that go and see if
  • 00:24:57
    you don't get 150 to 300 pips test that
  • 00:25:01
    theory and give me your feedback through
  • 00:25:04
    Twitter you try this on any pair really
  • 00:25:07
    any kind of market really but for forex
  • 00:25:09
    I'm gonna give you that suggestion now
  • 00:25:11
    it does not mean that you won't see it
  • 00:25:13
    drop down sometimes 50 to 75 pips okay
  • 00:25:16
    but generally your stop-loss of 150 pips
  • 00:25:21
    after buying below the opening buy 30
  • 00:25:24
    pips what you're really doing is you're
  • 00:25:26
    saying I don't believe in to go down 180
  • 00:25:29
    pips from the opening price if it's
  • 00:25:32
    truly bullish we won't spend a whole lot
  • 00:25:34
    of time below the opening price and it
  • 00:25:36
    won't go that far down below it unless
  • 00:25:39
    we are changing long term in a reversal
  • 00:25:41
    from a bearish market to a bullish
  • 00:25:43
    market then we can see some really wild
  • 00:25:46
    reaches below the opening price which I
  • 00:25:48
    don't look for those anyway I want to be
  • 00:25:49
    looking in a marketplace that's already
  • 00:25:51
    in position to be moving it has been
  • 00:25:53
    moving for a while longer term and I'm
  • 00:25:55
    just getting in positioning myself in a
  • 00:25:58
    logical area where the next upside is
  • 00:26:00
    clearly an expansion or bullish up close
  • 00:26:03
    for Friday
  • 00:26:07
    okay the weekly smart money view or
  • 00:26:10
    bearish conditions okay you can see here
  • 00:26:14
    we have the same thing dis reversed
  • 00:26:16
    we're looking for the weekly high to
  • 00:26:18
    form between Sunday and Wednesday high
  • 00:26:21
    odds between Wednesday's New York open 7
  • 00:26:24
    a.m. from Sunday's opening that's what
  • 00:26:27
    we're looking for but the odds further
  • 00:26:30
    increase again between Tuesdays and
  • 00:26:32
    Wednesdays trading specifically focusing
  • 00:26:35
    on Tuesday's long and open to
  • 00:26:37
    Wednesday's New York open ok so we're
  • 00:26:43
    looking at the weekly range here for
  • 00:26:45
    this particular currency this happens to
  • 00:26:46
    be a dollar cad and you can see how
  • 00:26:50
    price didn't
  • 00:26:51
    I have a up movement on Monday and then
  • 00:26:55
    we had another movement up on Tuesday
  • 00:26:56
    creating the high of the week during the
  • 00:26:59
    London session or what we were looking
  • 00:27:03
    for for the scenario overall we
  • 00:27:07
    anticipate a bearish week ahead of the
  • 00:27:10
    open once that opening price is derived
  • 00:27:13
    on Sunday we extend that through the
  • 00:27:17
    entire week until Friday's close
  • 00:27:20
    movements above the opening price we
  • 00:27:23
    anticipate that we want to see price go
  • 00:27:26
    to a level that would push price into a
  • 00:27:30
    technically overbought condition there
  • 00:27:33
    is no overbought indicator on my chart
  • 00:27:35
    I'm reading price action the fact that
  • 00:27:38
    we're trading above the opening price in
  • 00:27:40
    an market environment that's bearish
  • 00:27:42
    longer-term that's what frames my idea
  • 00:27:45
    over highly weak forms on Tuesday
  • 00:27:48
    Wednesday we barely have any type of
  • 00:27:51
    movement whatsoever we still have a
  • 00:27:52
    little blip on the radar as price runs
  • 00:27:54
    it back above that opening price and
  • 00:27:56
    then quickly rejects notice that once it
  • 00:27:59
    leaves that opening price on Wednesday
  • 00:28:03
    it doesn't try to go back to it now it
  • 00:28:05
    does retrace here but it's not getting
  • 00:28:08
    close to it if it does it's going to be
  • 00:28:12
    a mixed week we don't want to be a part
  • 00:28:14
    of that okay and ultimately price comes
  • 00:28:17
    down sales this old low and let me see a
  • 00:28:20
    reversal that's outside the scope or the
  • 00:28:22
    focus the point we're looking for is we
  • 00:28:25
    want to be when we're bearish we're
  • 00:28:27
    looking to sell short one or at very
  • 00:28:30
    close to the weekly high in riding that
  • 00:28:32
    down to some measure of expansion below
  • 00:28:35
    the weekly opening price so in terms of
  • 00:28:40
    the weekly range or weekly candle what
  • 00:28:45
    we're looking at is the opening price
  • 00:28:46
    here then we're seeing the Judas swing
  • 00:28:50
    this is the portion of price action that
  • 00:28:52
    we're anticipating we anticipate this
  • 00:28:55
    type of price action and we want to have
  • 00:28:57
    a level in mind before it starts to even
  • 00:29:00
    trade up where we're wanting to sell
  • 00:29:02
    short in this example
  • 00:29:04
    a real good example would be we have a
  • 00:29:06
    high here and a Monday's high so we have
  • 00:29:08
    relatively equalized price stabs above
  • 00:29:11
    this you could be a seller here and I
  • 00:29:13
    did in fact take this trade and I shared
  • 00:29:15
    it on Twitter you guys can see that go
  • 00:29:17
    through my Twitter feed look at the date
  • 00:29:19
    for around November 21st 22nd I would
  • 00:29:23
    have shown the example and I my entry
  • 00:29:26
    points and everything's in there so
  • 00:29:28
    short with the expectation that there's
  • 00:29:30
    going to be a sell-off on the dollar cad
  • 00:29:34
    price sells off goes below the opening
  • 00:29:38
    price now remember what I said as long
  • 00:29:42
    as it is before Wednesday's New York
  • 00:29:47
    open its permissible see price trade
  • 00:29:50
    back to in this case above the opening
  • 00:29:53
    price because on Wednesday that's when
  • 00:29:55
    it should leave the gate once it starts
  • 00:29:57
    leaving that opening price it's going to
  • 00:30:00
    expand to reach for some measure of
  • 00:30:02
    price action that creates the movement
  • 00:30:05
    below the open price so the range
  • 00:30:07
    expansion portion of the weekly range
  • 00:30:08
    that's what you're holding for but you
  • 00:30:10
    want to be positioned up here while
  • 00:30:12
    price is going up when it's long term
  • 00:30:14
    bearish it feels scary it feels odd it
  • 00:30:18
    feels out of place because you're
  • 00:30:20
    watching price shoot up like this and
  • 00:30:22
    every retail minded trader out there and
  • 00:30:24
    every person that's on Twitter and
  • 00:30:26
    Facebook they're gonna be looking at
  • 00:30:28
    this thing saying it's going to the moon
  • 00:30:30
    and it's not it's a southbound train
  • 00:30:32
    once this thing leaves the station which
  • 00:30:35
    is the opening price on Wednesdays new
  • 00:30:37
    york open draw that line on your chart
  • 00:30:40
    once that occurs it should always try to
  • 00:30:42
    expand away from the opening price you
  • 00:30:46
    should have a predetermined level where
  • 00:30:49
    you're going to be getting out at inside
  • 00:30:51
    of this expansion okay in this case we
  • 00:30:54
    have relatively equal lows here we have
  • 00:30:55
    a low here we have a low here so if we
  • 00:30:58
    go about 10 to 20 cuts below that that
  • 00:31:01
    would give us around 26 95 and that's 26
  • 00:31:05
    95 right here that gives us to this
  • 00:31:07
    price point here it goes a little bit
  • 00:31:09
    lower but then author link comes back
  • 00:31:11
    with a deep retracement and then closes
  • 00:31:13
    end of the week giving us the weekly
  • 00:31:15
    candle or range profile like
  • 00:31:18
    the ideal scenario is to look for a cell
  • 00:31:21
    above the opening price as a day trader
  • 00:31:24
    you could be focusing in on that and or
  • 00:31:28
    as a short-term trader or swing trader
  • 00:31:31
    you can use the weekly candle or weekly
  • 00:31:33
    range to trade entirely off of that and
  • 00:31:37
    not even look at an intraday chart not
  • 00:31:39
    even a daily chart you can take these
  • 00:31:42
    types of trades and again look for that
  • 00:31:45
    same scenario waiting for it to trade
  • 00:31:47
    about 30 pips above the opening price
  • 00:31:49
    okay in this case here we opened around
  • 00:31:51
    here we can go up 10 20 30 pips so you
  • 00:31:55
    could be a seller around 2005 and a stop
  • 00:31:59
    loss of 150 points or pips okay and try
  • 00:32:03
    to get 150 to 300 pips profit from them
  • 00:32:06
    by selling at 120 805 or thereabouts
  • 00:32:12
    price goes all the way down to a low of
  • 00:32:16
    approximately 26 75 I gave you this
  • 00:32:19
    example to see and show you how even
  • 00:32:23
    using the objective of 150 pips - 300
  • 00:32:25
    pips you may not get that actually in
  • 00:32:28
    your profit which is why I teach to take
  • 00:32:30
    partial profits so if we sold short
  • 00:32:33
    hypothetically at 120 805 or whatever 30
  • 00:32:38
    pips would be above that opening price
  • 00:32:39
    if we sold there with the expectation
  • 00:32:42
    that we're gonna try to capture a
  • 00:32:43
    hundred fifty pips or more as soon as
  • 00:32:46
    you made a hundred pips why wouldn't you
  • 00:32:48
    want to bank they're seeing that we're
  • 00:32:50
    probably only gonna make about 130 pips
  • 00:32:52
    on this move on your pip movement
  • 00:32:54
    anytime your moves ever traded a hundred
  • 00:32:58
    pip intervals you have to take something
  • 00:33:00
    off learn to do that if you do not do
  • 00:33:03
    that I promise you you will look back
  • 00:33:05
    and regret not having done so so as a
  • 00:33:08
    day trader you know obviously if it
  • 00:33:10
    moves on our pips you certainly when we
  • 00:33:11
    banking 80% of your position and if
  • 00:33:14
    you're a short-term trader you want to
  • 00:33:15
    be at least half your position out
  • 00:33:16
    because the weekly can change gears
  • 00:33:20
    midweek for instance it could have went
  • 00:33:22
    down to this low here and in trading on
  • 00:33:26
    to Tuesday high those occurrences can
  • 00:33:28
    happen so if it's offered up a hundred
  • 00:33:31
    take something off at 100 pips
  • 00:33:33
    regardless of what style or what type of
  • 00:33:35
    integral up trader you are if it gives
  • 00:33:38
    you a hundred pips pay yourself on those
  • 00:33:40
    hundred pips even if it's one tenth of
  • 00:33:43
    your position overall do it because it
  • 00:33:46
    number one it'll feel good to do so
  • 00:33:48
    it'll pay you for your time and the risk
  • 00:33:51
    that you put in and it teaches you the
  • 00:33:55
    value of doing overtime the folks that
  • 00:33:58
    say that partial profits are stupid or
  • 00:34:00
    idiotic you shouldn't do it because the
  • 00:34:02
    full risk was what it was the beginning
  • 00:34:04
    the risk is going to change preferably
  • 00:34:06
    it's gonna reduce over the life of the
  • 00:34:08
    trade anyway but that same initial risk
  • 00:34:11
    does not guarantee full profit the
  • 00:34:15
    assumptions that use just because you
  • 00:34:18
    put a specific number of risk percentage
  • 00:34:20
    on at the beginning trade and it's
  • 00:34:22
    stupid to take partial profits because
  • 00:34:24
    you risk this much but you don't how
  • 00:34:26
    many times have your trades gone to full
  • 00:34:28
    profit how many times have you failed to
  • 00:34:31
    take something off if you just would
  • 00:34:32
    have taken something before it turned
  • 00:34:35
    back on you that's what I've been doing
  • 00:34:37
    for 25 years folks okay 25 years I seen
  • 00:34:40
    enough of this to no partial pays okay
  • 00:34:44
    it pays you have to give yourself the
  • 00:34:47
    ability to take something out because
  • 00:34:48
    the market is not going to do it for you
  • 00:34:51
    you have to take it out so if you're
  • 00:34:53
    gonna be a short-term or swing trader
  • 00:34:54
    you want to use that weekly range like
  • 00:34:55
    this if we expand a hundred pips we're
  • 00:34:59
    looking for 150 to 300 pips for the week
  • 00:35:01
    you're not always gonna get 300 pips but
  • 00:35:04
    preferably if we're bearish in this case
  • 00:35:07
    we want to see hopefully a big weekly
  • 00:35:10
    range remember this small range big
  • 00:35:13
    range going on well if we're starting to
  • 00:35:15
    see small weekly ranges right ahead of
  • 00:35:17
    this and we're still bearish if we get
  • 00:35:20
    this scenario here we can do very very
  • 00:35:22
    well you can see those big 300 sometimes
  • 00:35:25
    even 500 pip ranges on a weekly
  • 00:35:27
    especially if it's gonna be a lot of
  • 00:35:29
    news a lot of things that are happening
  • 00:35:31
    you know economic calendar it can be
  • 00:35:34
    extremely volatile and it creates a
  • 00:35:37
    large range on the weekly so the model
  • 00:35:40
    is we look for if you're a short-term
  • 00:35:43
    swing trader
  • 00:35:45
    that can't be in the intraday stuff you
  • 00:35:47
    can sell short above the opening price
  • 00:35:48
    about 30 pips now you can fancy dance
  • 00:35:50
    that you can say well I'm gonna be a
  • 00:35:52
    seller at 40 pips above the opening
  • 00:35:53
    price a rockin if it trades up 50 pips
  • 00:35:56
    above the opening price I could be a
  • 00:35:57
    seller there okay and look for 150 pips
  • 00:36:00
    to 300 pips again with the expectation
  • 00:36:03
    you're not always going to get 300 pips
  • 00:36:04
    but if it allows you to make a hundred
  • 00:36:07
    pips when you take your first partial
  • 00:36:08
    off and put your stop at breakeven
  • 00:36:10
    you're in a beautiful position because
  • 00:36:12
    if you take say hey if your position off
  • 00:36:15
    at 100 pips could you stop at breakeven
  • 00:36:18
    and then see if it gives you any more
  • 00:36:19
    movement for the rest of the week
  • 00:36:22
    once the examples come by looking at
  • 00:36:26
    Pine site data and seeing what's
  • 00:36:28
    available you will quickly see whether
  • 00:36:31
    this is for you or not I'm not trying to
  • 00:36:34
    twist your arm I'm just giving those
  • 00:36:35
    individuals that don't have the ability
  • 00:36:37
    to sit in here every single day watching
  • 00:36:40
    intraday price action a way they use
  • 00:36:42
    this information on a higher time frame
  • 00:36:44
    you know allow them to participate now
  • 00:36:47
    if you are able to look at the market
  • 00:36:51
    Tuesday or Wednesday and you only have
  • 00:36:54
    to do it on those days around Tuesday's
  • 00:36:58
    run and open and Wednesdays London open
  • 00:37:01
    if you watch those specific time points
  • 00:37:04
    you can look at specific levels in price
  • 00:37:07
    action that I teach in my tutorials and
  • 00:37:08
    go into great detail with the mentorship
  • 00:37:11
    you can sell at a more favorable entry
  • 00:37:16
    point and you won't have to just say
  • 00:37:18
    okay well here's the opening price on
  • 00:37:19
    Sunday I'm going to take a set number of
  • 00:37:21
    pips above the opening price all the
  • 00:37:23
    time and sell short there when I'm
  • 00:37:24
    bearish you can avoid that okay and you
  • 00:37:27
    can say okay well I'd say open here okay
  • 00:37:29
    I'm gonna watch and see what Monday does
  • 00:37:31
    Monday's dilly-dallying around create
  • 00:37:32
    some Monday high here and we start
  • 00:37:34
    trading here we start to drop down ahead
  • 00:37:36
    up one then we're not interested in that
  • 00:37:39
    we're looking for this high in this high
  • 00:37:40
    here double tops okay what's gonna be
  • 00:37:43
    resting above that buy stops so if you
  • 00:37:45
    know that going ahead of Tuesday's on an
  • 00:37:48
    open you could just simply do a sell
  • 00:37:50
    limit order right above the high on
  • 00:37:53
    Friday or a high on Monday and then you
  • 00:37:58
    can really reduce the
  • 00:37:58
    amount of exposure you have and then
  • 00:38:01
    still have that same 100 keep it profit
  • 00:38:03
    objective hopefully they enjoyed this
  • 00:38:06
    presentation if you like these lessons
  • 00:38:07
    and you want to find out more you can
  • 00:38:09
    visit my website at the inner circle
  • 00:38:11
    trader.com
Tags
  • weekly bias
  • short-term trading
  • bullish profiles
  • bearish profiles
  • opening price
  • power of three
  • partial profits
  • price action
  • optimal entry
  • trading strategy