ICT Forex - Implementing The Asian Range

00:39:08
https://www.youtube.com/watch?v=JA0mLNJeytY

Resumen

TLDRThe video provides an instructional guide on implementing the Asian range concept in trading. It defines the Asian range as the price action occurring between 7:00 PM and midnight New York time, highlighting its importance in predicting future intraday price movements. Bullying and bearish conditions are explored based on the range's highest high and lowest low. Through personal experiences and teachings learned from other traders, the presenter outlines how to frame market sentiment, utilize order placements, and anticipate institutional behavior in trading strategies. Key takeaways include the importance of maintaining a trading bias and understanding market trends for successful trading outcomes.

Para llevar

  • 📈 Understanding the Asian range is crucial for predicting intraday price movements.
  • 🔍 The range is defined between 7:00 PM and midnight New York time.
  • 📊 Bullish conditions often see price return to the Asian range high.
  • 📉 Bearish conditions involve breaking the Asian range low for selling.
  • 🔗 Incorporate the Asian range into your trading strategy for better outcomes.
  • 📅 Daily bias helps set the context for trading decisions.
  • 🔑 Use tight consolidation in the Asian range to anticipate breaks.
  • 🚦 Set stop-loss orders wisely based on the Asian range levels.
  • 💼 Learning from experienced traders enhances trading skills.
  • 📝 Spend time on charts to improve price action interpretation.

Cronología

  • 00:00:00 - 00:05:00

    The teaching introduces the concept of the Asian range without attributing it to ICT. It emphasizes understanding the price action before the Frankfurt and London openings, framing market intentions based on the Asian range, and using it for bullish and bearish strategies. The speaker references their referral source, Chris Laurie, acknowledging the influences from his teachings on price action and consolidation techniques.

  • 00:05:00 - 00:10:00

    The Asian range is defined as the price action from 7:00 PM to midnight New York time. The highest and lowest prices during this period help frame trading decisions. The speaker emphasizes recognizing these ranges daily and applying them as guidelines for anticipating market movements after midnight, setting the groundwork for either bullish or bearish trading futures.

  • 00:10:00 - 00:15:00

    Detailed explanations of how to utilize the Asian range start, emphasizing the importance of market participants' behaviors within this range. The speaker describes how breaking through the Asian range can indicate potential buy or sell signals due to order stacking and market sentiment, highlighting the significance of liquidity and the tendency of price to reach beyond this established range.

  • 00:15:00 - 00:20:00

    For bullish conditions, the speaker explains that traders should look for price movements that push below the Asian range following a bullish bias. Buying on strength as price approaches the Asian range high or testing bullish entries after breaking critical resistance points is key. This will be elaborated with previous trading techniques that indicate bullish potential.

  • 00:20:00 - 00:25:00

    The discussion continues on contrasting bullish conditions with bearish ones. In bearish scenarios, the focus shifts to waiting for price to breach the Asian range high and anticipating institutional selling pressure once it retraces back. The speaker meticulous elucidates his past methods and how understanding this range better positioned him for high probability setups and risk management.

  • 00:25:00 - 00:30:00

    The importance of confirming the market's direction before executing trades is reiterated. Selling strategies for bearish trades outlined indicate waiting for an appropriate establishment of highs and lows relative to the Asian range to position trades effectively. The speaker stresses maintaining integrity to one's bias throughout trading sessions to avoid unpredictable losses.

  • 00:30:00 - 00:39:08

    In conclusion, the speaker reinforces the Asian range as a powerful tool for traders, outlining essential behavioral patterns during specific market sessions. They advocate for continuous observation and practice in trading, promoting the development of trading intuition and skill over reliance on tools or indicators.

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Vídeo de preguntas y respuestas

  • What is the Asian range?

    The Asian range refers to the price action occurring between 7:00 PM and midnight New York time, which can indicate future intraday price movements.

  • How do you utilize the Asian range in trading?

    Traders can frame bullish or bearish conditions based on the highest high and lowest low of the Asian range, predicting likely market intentions.

  • What time frame does the Asian range cover?

    The Asian range covers the period from 7:00 PM to midnight New York time.

  • How do you identify bullish conditions using the Asian range?

    In bullish conditions, the price typically returns to the Asian range high, indicating potential institutional buying.

  • What is the significance of the Asian range low in bearish conditions?

    Breaking the Asian range low indicates potential selling opportunities as market sentiment shifts.

  • Who initially taught the concept of the Asian range?

    The concept of the Asian range was initially learned from trader Chris Laurie.

  • What is the benefit of using the Asian range?

    It helps in predicting price movements and setting up trading strategies based on market behavior.

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Subtítulos
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Desplazamiento automático:
  • 00:00:10
    okay folks welcome back this teaching is
  • 00:00:12
    going to be specifically dealing with
  • 00:00:14
    implementing the Asian range alright
  • 00:00:22
    the Asian range notice it does not say
  • 00:00:25
    ICT Asian range I did not create this or
  • 00:00:28
    author this concept my first
  • 00:00:32
    introduction to it was from another
  • 00:00:33
    trader which I'll mention later on in
  • 00:00:36
    the presentation but what ICT concepts
  • 00:00:38
    are going to be used in this module
  • 00:00:40
    we're gonna be introducing the Asian
  • 00:00:42
    range I'm going to be defining what the
  • 00:00:46
    Asian range is in charts and I want to
  • 00:00:50
    teach you how to utilize it in bullish
  • 00:00:52
    conditions and how to utilize it in
  • 00:00:55
    bearish conditions all right introducing
  • 00:00:59
    the Asian range now what is the Asian
  • 00:01:03
    range well the price action prior to the
  • 00:01:05
    Frankfurt open or London opening can be
  • 00:01:09
    very indicative of the future intraday
  • 00:01:10
    price movement now when we have a
  • 00:01:12
    directional bias you can use this Asian
  • 00:01:15
    range to build or frame a context or
  • 00:01:17
    story line to the markets likely
  • 00:01:19
    intentions there is a stillness in price
  • 00:01:22
    many times right before the intraday
  • 00:01:25
    directional impulse price swing you look
  • 00:01:29
    at the chart here on the right this is
  • 00:01:30
    an Aussie dollar chart you can see that
  • 00:01:33
    there is a little shaded area right in
  • 00:01:36
    here and it's delineate 'add with the
  • 00:01:41
    gray shaded box and I've labeled it not
  • 00:01:44
    surprisingly the Asian range so this
  • 00:01:48
    little piece of price action okay I
  • 00:01:51
    actually learned about this from Chris
  • 00:01:54
    Laurie and I'll show you what I was
  • 00:01:58
    doing before I learned this so that way
  • 00:02:00
    you can see I already had a beat on what
  • 00:02:02
    price should be doing but when I first
  • 00:02:05
    saw him refer to it in his free
  • 00:02:07
    teachings he has a website Chris Laurie
  • 00:02:11
    comm it's changed and morphed a little
  • 00:02:14
    bit over time but folks that have gone
  • 00:02:16
    through his material didn't know who I'm
  • 00:02:18
    referring to they would not an agreement
  • 00:02:21
    that they would know what I'm saying is
  • 00:02:23
    true
  • 00:02:24
    he taught about the Asian range many
  • 00:02:26
    times in free teachings so it's not like
  • 00:02:29
    I'm taking anything away from him
  • 00:02:30
    in fact if you're not happy with what
  • 00:02:33
    you see in my content but you do want to
  • 00:02:36
    take some advice from someone that has
  • 00:02:38
    seen a lot of things out there
  • 00:02:39
    Chris Laurie has a lot of good price
  • 00:02:42
    action study and his methods while they
  • 00:02:46
    are not mine there's some similarities
  • 00:02:49
    to what Chris does but I'm going to show
  • 00:02:52
    you what I took away from him this is
  • 00:02:53
    the only thing I really learned from
  • 00:02:54
    Chris Laurie really but yeah that's not
  • 00:02:57
    to diminish his importance as a teacher
  • 00:02:59
    or what he knows I'm just saying that
  • 00:03:00
    this is what I gleaned from his material
  • 00:03:03
    I liked it because I was already
  • 00:03:04
    familiar with using consolidations in
  • 00:03:07
    certain periods of a training 24-hour
  • 00:03:11
    period if you take certain ranges you
  • 00:03:13
    can do some magical things with them and
  • 00:03:15
    I teach you that in the mentorship and
  • 00:03:17
    it goes well beyond what I've done in
  • 00:03:19
    YouTube videos over the past couple of
  • 00:03:21
    years
  • 00:03:21
    so what I liked about it was I've seen a
  • 00:03:26
    lot of context right away when I seen
  • 00:03:29
    how that the range is applied to the
  • 00:03:31
    chart so I will give you what I used to
  • 00:03:34
    do and how I used entry techniques to do
  • 00:03:37
    it so that way you have a little bit of
  • 00:03:38
    a takeaway you not only just talked
  • 00:03:40
    about the range itself but what we can
  • 00:03:42
    do with it and then I'll show you what
  • 00:03:44
    I've done with it to incorporate it now
  • 00:03:47
    I'm not teaching you everything I know
  • 00:03:49
    about this range and what I've done with
  • 00:03:52
    it over the last mmm ten years or so the
  • 00:03:56
    the implementation of it I think is
  • 00:04:01
    useful for a developing trader but there
  • 00:04:05
    has to be some context behind it the
  • 00:04:07
    range itself doesn't produce anything
  • 00:04:09
    magical but if you have a storyline
  • 00:04:11
    behind what price should be doing that
  • 00:04:13
    particular day it is unbelievably
  • 00:04:16
    helpful okay so let's define the Asian
  • 00:04:22
    range of work what is it that we can do
  • 00:04:24
    in our charts to make it up here and
  • 00:04:25
    draw attention to it well the range
  • 00:04:29
    begins at 7:00 p.m. New York time and it
  • 00:04:32
    ends at midnight New York time now
  • 00:04:37
    a special inclusion here Chris Laurie
  • 00:04:40
    had his Asian Range pushed beyond
  • 00:04:43
    midnight if my if memory serves me
  • 00:04:45
    correct I believe he had 12:30 a.m. and
  • 00:04:49
    to me the financial markets really begin
  • 00:04:53
    at midnight New York time and it
  • 00:04:55
    probably sounds pretty arrogant of a
  • 00:04:57
    gang like me being in the States but if
  • 00:05:01
    you just study what I'm teaching you
  • 00:05:03
    folks you'll see right away what I'm
  • 00:05:04
    telling you is the gospel as it relates
  • 00:05:06
    to intraday price actions only now
  • 00:05:08
    everything else might be something
  • 00:05:10
    different but as far as intraday price
  • 00:05:11
    action I think I've cornered the market
  • 00:05:12
    in intraday price action so the height
  • 00:05:15
    of the range is the highest high between
  • 00:05:18
    7:00 p.m. to midnight in New York time
  • 00:05:20
    to the lowest low between 7:00 p.m. and
  • 00:05:23
    midnight New York time the width of the
  • 00:05:27
    range is obviously the duration of 7:00
  • 00:05:29
    p.m. to midnight New York time so let's
  • 00:05:32
    take a look at this chart here and we'll
  • 00:05:33
    get a little bit closer zoom in on it
  • 00:05:38
    okay I'll cover some points here now
  • 00:05:41
    right away when you see this it probably
  • 00:05:44
    still doesn't give you any kind of
  • 00:05:45
    insight and that's fine but I'm gonna
  • 00:05:48
    build on it and show you how useful it
  • 00:05:50
    is but we're gonna build the model with
  • 00:05:53
    specific buy and sell conditions later
  • 00:05:57
    on in this video but for now take a look
  • 00:06:00
    at what you see here okay and kind of
  • 00:06:01
    like Burness in your mind your focus
  • 00:06:05
    should every single day be zeroed in on
  • 00:06:08
    7:00 p.m. New York and whatever that
  • 00:06:11
    time is on your broker's platform
  • 00:06:13
    whatever your charting platform or
  • 00:06:15
    package shows find out what time it is
  • 00:06:18
    at 7:00 p.m. New York time and then find
  • 00:06:21
    that same time on your charts that's
  • 00:06:23
    where you put a vertical line at and
  • 00:06:25
    that begins the asian session and then
  • 00:06:27
    five hours later it'll be midnight in
  • 00:06:30
    New York time put another vertical line
  • 00:06:31
    in and there's your Asian range defined
  • 00:06:33
    by the duration the highest high and the
  • 00:06:36
    lowest low is what we would use to frame
  • 00:06:39
    out the range now there's a lot of
  • 00:06:43
    Voodoo that you can do with this range
  • 00:06:46
    okay and again I'm not teaching it here
  • 00:06:48
    but believe me it can take you to the
  • 00:06:50
    highest
  • 00:06:50
    in the lowest pit of the day there's
  • 00:06:54
    some things you have to incorporate in
  • 00:06:55
    that and I teach that in the mentorship
  • 00:06:56
    but for now let's teach you a very
  • 00:06:58
    simple approach to how to use this and
  • 00:07:00
    when you can filter out trades and not
  • 00:07:03
    do anything that may end up taking a
  • 00:07:06
    loss if you do otherwise so let's take a
  • 00:07:10
    closer look and remove all of the
  • 00:07:13
    benefit of seeing the price action there
  • 00:07:15
    okay now we do have the benefit of
  • 00:07:16
    hindsight but nonetheless I want to kind
  • 00:07:18
    of build an understanding about what
  • 00:07:21
    this range does or at least my
  • 00:07:23
    interpretation of it now I was able to
  • 00:07:24
    see right away the importance of
  • 00:07:26
    utilizing it in my view on price action
  • 00:07:31
    during this range what's actually
  • 00:07:33
    happening is there's orders that are
  • 00:07:35
    coming in and they're stacking up above
  • 00:07:38
    the market and below the market relative
  • 00:07:41
    to that range and it's also building up
  • 00:07:44
    a market sentiment now this compression
  • 00:07:47
    of market participation starts to build
  • 00:07:52
    up closer and closer and closer until we
  • 00:07:53
    get to midnight in New York soon as we
  • 00:07:56
    cross over midnight time in New York we
  • 00:07:59
    are in fertile ground for price movement
  • 00:08:03
    we're going to assume that everyone in
  • 00:08:08
    this listening audience is familiar with
  • 00:08:10
    channels ok or trading ranges the idea
  • 00:08:14
    is above this range there's going to be
  • 00:08:17
    buy orders those buy odors are going to
  • 00:08:21
    act as breakout artists ok in other
  • 00:08:24
    words they are not astute to know how to
  • 00:08:27
    buy when it's a low price or technically
  • 00:08:32
    oversold without the use of indicators
  • 00:08:34
    so they just want to be buying on
  • 00:08:36
    strength and there's really nothing
  • 00:08:37
    inherently wrong about that if you know
  • 00:08:39
    what you're looking for but most traders
  • 00:08:41
    don't know what you're looking for and
  • 00:08:43
    they just go in any willy nilly and
  • 00:08:44
    entry based on breaking out above a know
  • 00:08:47
    high they'll buy that and view that as
  • 00:08:48
    strengths and I'll put the stop-loss
  • 00:08:50
    right below the low which would be here
  • 00:08:52
    short sellers would do the opposite they
  • 00:08:56
    would have their sell orders below this
  • 00:08:58
    range so any movement lower would
  • 00:09:01
    hopefully put them in a short position
  • 00:09:03
    and they would take the other
  • 00:09:04
    end of that range and put their
  • 00:09:06
    protective by stop so buyers that want
  • 00:09:08
    to break out above this consolidation
  • 00:09:10
    are going to buy want to stop with a
  • 00:09:14
    protective cell stop below the low
  • 00:09:17
    short sellers want to sell on a stop and
  • 00:09:20
    use a protective buy stop above the high
  • 00:09:23
    okay so the storyline is what are we
  • 00:09:26
    gonna do after midnight which is this
  • 00:09:30
    vertical line here
  • 00:09:31
    what's the storyline where are we going
  • 00:09:32
    to go my whole entire career has been
  • 00:09:36
    based on understanding dis phenomena and
  • 00:09:39
    it's been a more or less a pursuit of
  • 00:09:43
    excellence so I want to know with the
  • 00:09:46
    highest probability which side are they
  • 00:09:49
    gonna work on okay and what I mean by
  • 00:09:51
    that is are they going to try to put a
  • 00:09:54
    specific party of traders whether people
  • 00:09:56
    wish or bearish traders in on the wrong
  • 00:09:58
    side right before London creates what
  • 00:10:01
    the higher low of the day so the key is
  • 00:10:06
    and this is to take away so far in us
  • 00:10:08
    this is what should be even in your
  • 00:10:09
    notes right now is what you're looking
  • 00:10:12
    for what sets up the opportunity if you
  • 00:10:15
    will for the particular trading day is
  • 00:10:17
    if we have a very narrow consolidated
  • 00:10:20
    range between 7:00 p.m. and midnight or
  • 00:10:23
    what would be deemed as the Asian range
  • 00:10:25
    so if we have a very narrow
  • 00:10:27
    consolidation there that sets up a huge
  • 00:10:30
    possibility of the algorithm going into
  • 00:10:34
    a trending model okay so in other words
  • 00:10:36
    without going into IFTA and teaching
  • 00:10:38
    anything really about that the market
  • 00:10:42
    will seek the liquidity above or below
  • 00:10:44
    this range with a premise that it's
  • 00:10:49
    going to put them in the wrong side and
  • 00:10:53
    then it'll go the other way for the
  • 00:10:55
    remainder of the trading day
  • 00:11:02
    okay so let's take a look at how it can
  • 00:11:04
    utilize it in a bullish condition now
  • 00:11:07
    the periods when price is bullish we can
  • 00:11:09
    extend the age and range high and low
  • 00:11:11
    into the future when price returns back
  • 00:11:14
    to the Asian range high we can
  • 00:11:16
    anticipate institutional buying let's
  • 00:11:20
    take a look at that as an example here
  • 00:11:23
    we're going to assume that we have in
  • 00:11:25
    understanding our expectation if you
  • 00:11:27
    will that the Aussie dollar was bullish
  • 00:11:29
    for this particular day now if you want
  • 00:11:32
    to know what would blend well to coming
  • 00:11:35
    to that conclusion of being bullish if
  • 00:11:37
    you look at the daily chart you'll see
  • 00:11:39
    that there was a reason for the Aussie
  • 00:11:42
    dollar reached up to a equal high okay
  • 00:11:45
    and go down to a four hour or one hour
  • 00:11:47
    chart you'll see also that it's obvious
  • 00:11:51
    you can see it so far what we've shown
  • 00:11:52
    in the teachings in this series it's
  • 00:11:55
    been pretty obvious to know where the
  • 00:11:57
    liquidity is and that's what this whole
  • 00:11:59
    day was reaching for the buy stops above
  • 00:12:01
    equal high now again I want to take off
  • 00:12:07
    the Asian range and provide just a blank
  • 00:12:11
    chart okay and assume for a moment pre
  • 00:12:16
    my exposure okay to asian range this is
  • 00:12:20
    what I used to do okay this is how I
  • 00:12:22
    actually traded and I was doing this
  • 00:12:24
    since 1994 so you'll appreciate
  • 00:12:28
    hopefully the evolution if you will of
  • 00:12:32
    my understanding about how this whole
  • 00:12:34
    buying below the open when it's bullish
  • 00:12:37
    or selling above the open when it's
  • 00:12:39
    bearish all those ideas came from this
  • 00:12:44
    individual specific element that I'm
  • 00:12:47
    going to show you now I would have on my
  • 00:12:50
    chart a list of all kinds of indicators
  • 00:12:52
    okay so I'm gonna spare you all that but
  • 00:12:54
    if we just look at price actions as a
  • 00:12:57
    naked form of open high low and close it
  • 00:13:01
    can be rather
  • 00:13:05
    well confusing but if you look for
  • 00:13:08
    specific times of the day and specific
  • 00:13:10
    generic concepts or characteristics that
  • 00:13:13
    should manifest themselves then there's
  • 00:13:16
    a storyline that will start to develop
  • 00:13:18
    and you get this over the years many
  • 00:13:20
    times it's referred to as tapereading
  • 00:13:23
    many times it's referred to as gut
  • 00:13:25
    feeling or just triggers intuition or
  • 00:13:27
    just last I call it intuition and
  • 00:13:30
    experience if you will once you know
  • 00:13:33
    what you're looking for you wait for
  • 00:13:36
    that scenario to unfold so this is what
  • 00:13:37
    I would have done without the Asian
  • 00:13:39
    range this is how I always treated the
  • 00:13:40
    SP the bond market and currency futures
  • 00:13:44
    I would get the opening price at
  • 00:13:47
    midnight okay and that opening price is
  • 00:13:50
    seen here right there and all I do is
  • 00:13:53
    draw that opening price out all the way
  • 00:13:55
    out until 11 o'clock in the morning New
  • 00:13:58
    York time now the reason why I would
  • 00:14:00
    draw it out to 11 o'clock in the morning
  • 00:14:02
    New York time is because that would be
  • 00:14:04
    the end of the morning trend for the S&P
  • 00:14:07
    500 okay so that there's a reason for
  • 00:14:10
    that hour it's not that I'm just pulling
  • 00:14:12
    it number out of the air it's also very
  • 00:14:15
    close to what was taught in the previous
  • 00:14:18
    teaching the London close so that's what
  • 00:14:21
    makes that London close scenario it's
  • 00:14:24
    the end of the a.m. trend when the stock
  • 00:14:26
    market or equities market in the states
  • 00:14:28
    also it overlaps conveniently enough
  • 00:14:32
    with the close of London trading so
  • 00:14:35
    there's a little bit of manipulation
  • 00:14:37
    that goes on in there and some profit
  • 00:14:38
    taking so it creates an opportunity but
  • 00:14:41
    for opening range concepts I draw it out
  • 00:14:44
    to 11 o'clock in the morning New York
  • 00:14:46
    time okay so if we are looking for a
  • 00:14:51
    bullish scenario and I'm gonna just make
  • 00:14:54
    the case that we would be expecting a
  • 00:14:56
    higher Aussie dollar here I want to see
  • 00:15:00
    price initially drop down below that
  • 00:15:03
    opening price because I want to be
  • 00:15:05
    buying below the opening price the
  • 00:15:07
    understanding is is I want to figure out
  • 00:15:08
    what Larry Williams said he couldn't do
  • 00:15:11
    as a teacher I took it as a challenge as
  • 00:15:14
    a student that that's what I'm gonna
  • 00:15:16
    look for I'm gonna figure that out and
  • 00:15:17
    this is what my interpretation
  • 00:15:19
    of how to do that very thing was seen in
  • 00:15:22
    price action I would use the opening
  • 00:15:24
    price and as it dropped down
  • 00:15:25
    I would buy right there now if I either
  • 00:15:28
    did not have the guts to do that
  • 00:15:30
    or I missed the opportunity sometimes I
  • 00:15:33
    would wait for a specific price it
  • 00:15:34
    wouldn't get there and then it would
  • 00:15:35
    take off if I saw a reversal or
  • 00:15:39
    potential reversal I would look at the
  • 00:15:42
    high rate but right before the drop down
  • 00:15:45
    in here you can see there was a small
  • 00:15:48
    little segment of price action right
  • 00:15:50
    before that drop down I would put a buy
  • 00:15:54
    stop right there now as I graduated in
  • 00:15:57
    my understanding I would look to get in
  • 00:16:00
    as price was dropping down but I'd also
  • 00:16:04
    have this buy stop in place even if I
  • 00:16:08
    was able to get in many times price
  • 00:16:11
    would sometimes snap me in and put me in
  • 00:16:14
    own a buy stop and on my marker order as
  • 00:16:16
    price was dropping down so in other
  • 00:16:17
    words what I was doing was I was waiting
  • 00:16:19
    for price to drop down below this
  • 00:16:21
    horizontal line or a trend line segment
  • 00:16:24
    here okay that's delineating open price
  • 00:16:26
    at midnight in New York time the drop
  • 00:16:28
    down below that I'm hopefully trying to
  • 00:16:30
    buy that now as it starts to drop my eye
  • 00:16:34
    goes right here because now we're below
  • 00:16:36
    the opening price it may go lower and
  • 00:16:39
    give me my ultimate price of entry but
  • 00:16:42
    it may not so as soon as it starts to
  • 00:16:45
    break down after midnight and it goes
  • 00:16:46
    back to back down below the opening
  • 00:16:48
    price I immediately add a buy stop to
  • 00:16:50
    half the position I want to trade at
  • 00:16:54
    this point here so in other words if my
  • 00:16:55
    full position down here was say ten
  • 00:16:56
    standard Lots I would go in with a buy
  • 00:17:00
    stop at five standard Lots right here so
  • 00:17:02
    that way at worst case scenario if I
  • 00:17:04
    don't get my fill here and it reverses
  • 00:17:06
    if you will and runs real quick for
  • 00:17:09
    these highs it'll put me at least half
  • 00:17:12
    the position I wanted to get on down
  • 00:17:13
    here so half of something is better than
  • 00:17:15
    nothing if I were able to put on the
  • 00:17:18
    full position down here I would still
  • 00:17:20
    try to take
  • 00:17:23
    this stop-off if I get my full position
  • 00:17:24
    on down here sometimes I wasn't able to
  • 00:17:27
    do that now the problem is and your mind
  • 00:17:30
    is okay what happens if you put your
  • 00:17:31
    pole position down here and you're
  • 00:17:33
    risking 2% well I wasn't risking 2% so
  • 00:17:37
    I'm trading at 1% 1/2 percent and then
  • 00:17:40
    this position here if it fills me I'm
  • 00:17:42
    not over leverage or if I do get one
  • 00:17:46
    half percent on here and this half here
  • 00:17:48
    it would technically put me over
  • 00:17:49
    two-and-a-half percent risk but I'm
  • 00:17:51
    gonna be more aggressive about trying my
  • 00:17:54
    initial stop-loss up to try to pare that
  • 00:17:55
    down to 2% okay and that's really what I
  • 00:17:59
    was doing now let's contrast what I just
  • 00:18:01
    did here with the implementation of the
  • 00:18:05
    agent range and this is exactly where
  • 00:18:07
    price would fill you with that buy stop
  • 00:18:10
    being tripped so now I would be long
  • 00:18:13
    here if I didn't get filled down here
  • 00:18:14
    below the opening price at midnight this
  • 00:18:16
    would be where my buy stop with filming
  • 00:18:18
    and my stop loss would be below the low
  • 00:18:20
    and you can see I had to weather this
  • 00:18:22
    retracement here and then because he
  • 00:18:25
    gets the move later on in the day now
  • 00:18:27
    let's take this discussion back the
  • 00:18:29
    implementation of the Asian range and
  • 00:18:31
    I'll show you how I evolved and seen a
  • 00:18:35
    much clearer view on price action using
  • 00:18:38
    the range as I define it here 7 o'clock
  • 00:18:40
    p.m. New York time to midnight zero zero
  • 00:18:43
    level not like 12:30 or 1:00 o'clock in
  • 00:18:46
    the morning on that stuff exactly at
  • 00:18:48
    midnight ok because what we're banking
  • 00:18:51
    on is the midnight opening price that's
  • 00:18:54
    what sets the algorithm it goes through
  • 00:18:58
    it goes to a reset if basically if you
  • 00:19:00
    if you want to think of it like that so
  • 00:19:02
    if we're bullish it's going to go below
  • 00:19:04
    that opening price to seek liquidity and
  • 00:19:06
    then go higher and spend the rest of the
  • 00:19:11
    day going higher when it's bearish it'll
  • 00:19:13
    go above the opening price at midnight
  • 00:19:14
    to reach for liquidity and then move
  • 00:19:18
    lower for several hours going into
  • 00:19:19
    London closed or New York open so
  • 00:19:24
    let's take a look at what's going on
  • 00:19:26
    with the implementation of the agent
  • 00:19:28
    range now we have a tight asian range in
  • 00:19:31
    here okay and again by odors are above
  • 00:19:34
    the range sellers are below the range
  • 00:19:36
    price right after midnight does what
  • 00:19:39
    goes up and taps the asian range high
  • 00:19:42
    now you're saying okay well it didn't go
  • 00:19:45
    above it let your stop be there and I
  • 00:19:49
    guarantee you the broker spread will
  • 00:19:51
    open up wide enough to get that and
  • 00:19:53
    you'll be in long and your stop-loss
  • 00:19:55
    which will be right that low or just
  • 00:19:57
    below it will be tagged right there even
  • 00:20:01
    though it reflects here your broker and
  • 00:20:03
    this is what you sign up with when you
  • 00:20:05
    open up your account you are giving them
  • 00:20:08
    permission to open the spreads up on you
  • 00:20:12
    everybody makes this big complaint about
  • 00:20:14
    oh well they did this they did that you
  • 00:20:16
    sign it and you agree to it so when you
  • 00:20:19
    see people online saying a date rig with
  • 00:20:21
    three pip stop losses that's not true
  • 00:20:24
    it's not accurate and they are not doing
  • 00:20:25
    it with live accounts because believe me
  • 00:20:27
    in-house plenty money gains with the
  • 00:20:29
    brokers would eat them up immediately it
  • 00:20:33
    would not happen okay I think personally
  • 00:20:35
    with a stop loss of anything less than
  • 00:20:40
    10 pips is just ludicrous it's stupid
  • 00:20:42
    okay because Begley is from a retail
  • 00:20:46
    brokers standpoint you're inviting them
  • 00:20:48
    to take your stock it's just way it is
  • 00:20:51
    you can argue with me and give me all
  • 00:20:53
    kinds of track history and say well I'm
  • 00:20:54
    trading with a five pip stop here and
  • 00:20:55
    there it's fine
  • 00:20:56
    do it ten years and see how many times
  • 00:20:58
    get burned the point is why offer
  • 00:21:01
    yourself up on the altar for that
  • 00:21:03
    sacrifice when there's better ways of
  • 00:21:06
    doing it you don't have to have less
  • 00:21:09
    than 10 pip stop losses to do very well
  • 00:21:11
    we have an Asian range in here with the
  • 00:21:14
    understanding or in this model we're
  • 00:21:15
    gonna expect bullishness okay and price
  • 00:21:19
    starts to go up initially and comes back
  • 00:21:23
    down and breaks the asian range down
  • 00:21:25
    here so we take out the low on the asian
  • 00:21:29
    range that's been extended beyond
  • 00:21:31
    midnight that trips in sellers and it
  • 00:21:34
    also knocks out individuals that would
  • 00:21:35
    have been pulled in on a buy stop right
  • 00:21:38
    at this level so long holders are in and
  • 00:21:40
    now they're out short holders are in now
  • 00:21:44
    and their stop-loss is above here or
  • 00:21:46
    here so they're taking both sides of the
  • 00:21:49
    marketplace in and out and then the
  • 00:21:52
    market takes off goes higher what we
  • 00:21:55
    look for is this little movement right
  • 00:21:58
    here that movement is what sets the tone
  • 00:22:02
    when we're bullish we want to be buying
  • 00:22:04
    there or we can do what I showed earlier
  • 00:22:07
    you can put a buy stop right here if it
  • 00:22:09
    gets filled a contingent order that
  • 00:22:14
    would be if I'm filled with your broker
  • 00:22:16
    for cancer order basically if we have a
  • 00:22:19
    parent contingent order suggesting they
  • 00:22:22
    who buy on a stop if that stock gets
  • 00:22:25
    filled if it happens then we would place
  • 00:22:27
    a sell stop below this low at some
  • 00:22:29
    specific price level and you could leave
  • 00:22:33
    that in the marketplace and go to sleep
  • 00:22:34
    and don't even worry about watching all
  • 00:22:36
    this stuff okay that's one way you can
  • 00:22:38
    apply a day traders model and/or enter
  • 00:22:43
    with a long term model but using a day
  • 00:22:45
    traders approach to trading that whole
  • 00:22:47
    entry if you've missed this one okay and
  • 00:22:52
    price starts to rally away we have to
  • 00:22:54
    have the story line behind this example
  • 00:22:56
    of being bullish otherwise this could be
  • 00:22:58
    an easy sell as you'll see when we talk
  • 00:23:02
    about when the conditions are bearish
  • 00:23:03
    but knowing where the market is most
  • 00:23:06
    likely trying to go from a higher time
  • 00:23:08
    frame standpoint is significant and
  • 00:23:11
    crucial and utilization of the Asian
  • 00:23:13
    range otherwise you're just going to do
  • 00:23:15
    some things that aren't going to be
  • 00:23:16
    profitable so if we're bullish we'd like
  • 00:23:20
    to see this element here and then this
  • 00:23:22
    here no problem we don't need to get
  • 00:23:24
    that and we don't need to be a part of
  • 00:23:26
    this movie or okay we wouldn't wait for
  • 00:23:27
    price to come back down and touch the
  • 00:23:30
    Asian range high now it does so here
  • 00:23:33
    that's a little early and then we do it
  • 00:23:35
    again in the New York open so New York
  • 00:23:38
    open we see price trading back to the
  • 00:23:40
    Asian range high right there is where
  • 00:23:43
    institutional buying is going to step in
  • 00:23:45
    why are they doing that because the
  • 00:23:47
    initial range that was set between 7:00
  • 00:23:49
    p.m. and midnight
  • 00:23:52
    midnight is when HIPAA the interbank
  • 00:23:54
    price delivery algorithm resets and then
  • 00:23:58
    it it attacks
  • 00:23:59
    open liquidity or the open flow which
  • 00:24:03
    would be the order table of the agent
  • 00:24:04
    range and below the agent range all
  • 00:24:06
    right you know you're gonna know 15
  • 00:24:08
    different people that work at a bank or
  • 00:24:10
    they know somebody they smoke cigars
  • 00:24:11
    with on the weekends in the air market
  • 00:24:13
    maker they're gonna say what I just said
  • 00:24:14
    to you is nonsense but I'm telling you
  • 00:24:17
    they don't know what you're talking
  • 00:24:19
    about because I'm doing this daily to
  • 00:24:22
    the PIP week after week day after day
  • 00:24:24
    and I'm telling you it's not based on
  • 00:24:26
    anything else except for what I learned
  • 00:24:28
    okay and some of the things are gonna go
  • 00:24:31
    in the category of tinfoil hat and I'll
  • 00:24:34
    just let you wrestle with that I don't
  • 00:24:36
    really care about your opinion just know
  • 00:24:38
    that what I'm suggesting to you here if
  • 00:24:40
    you look at it in price action it's
  • 00:24:42
    there so we can see the optimal trade
  • 00:24:44
    entry from this low to this high retrace
  • 00:24:48
    back down New York open overlap with the
  • 00:24:51
    Asian range high with the story line is
  • 00:24:53
    that we're bullish on the higher time
  • 00:24:54
    frame beautiful illustration of a Asian
  • 00:24:58
    range application in bullish conditions
  • 00:25:00
    in an off to the races we go so we have
  • 00:25:04
    two opportunities in here in the New
  • 00:25:07
    York open and we have one set up here
  • 00:25:09
    that gives us a really really low and
  • 00:25:12
    entry point with very little risk in
  • 00:25:15
    terms of our entry and then the
  • 00:25:18
    subsequent move higher
  • 00:25:19
    the other portion would be entering on a
  • 00:25:23
    stop here above the Asian range but you
  • 00:25:25
    wait you have to sit up and you have to
  • 00:25:27
    wait for price to drop down below the
  • 00:25:30
    Asian range then you buy want to break
  • 00:25:32
    above the asian range high but the
  • 00:25:34
    conditions have to be bullish and we
  • 00:25:36
    have to first see Asian range low break
  • 00:25:38
    then a buy stock can be placed at the
  • 00:25:40
    Asian range high if you do this before
  • 00:25:42
    the Asian range low is taken you will
  • 00:25:45
    get burned you will get stopped out you
  • 00:25:47
    will send me email saying doesn't work
  • 00:25:49
    I'm telling you there's rules here and
  • 00:25:52
    it just gave them to you rewind the
  • 00:25:53
    video and listen to it again
  • 00:25:55
    it's very clear
  • 00:26:01
    all right say utilization of the Asian
  • 00:26:03
    range in bears conditions okay again
  • 00:26:06
    like we said but when it's bullish
  • 00:26:07
    there's a period it's quiet right before
  • 00:26:10
    the Frankfurt and London open and we
  • 00:26:12
    wouldn't focusing on that and when it's
  • 00:26:14
    in a tight narrow consolidation we're
  • 00:26:16
    gonna be looking for some measure of
  • 00:26:18
    manipulation if you will on price action
  • 00:26:20
    so what we're going to doing is waiting
  • 00:26:23
    for a break in the Asian range low and
  • 00:26:25
    then when price trades back up to it
  • 00:26:27
    we're going to be anticipating
  • 00:26:28
    institutional selling so let's take a
  • 00:26:31
    closer look at this example here
  • 00:26:33
    zoom in here get some more detail now
  • 00:26:36
    let this image burnin for a minute okay
  • 00:26:40
    and now we're going to take it off and
  • 00:26:43
    go to an element of naked price action
  • 00:26:47
    and I'm gonna show you what I was doing
  • 00:26:50
    prior to learning about the Asian range
  • 00:26:55
    there's the opening price again this
  • 00:26:58
    candle and I would be looking for
  • 00:27:01
    bearish price movement and if we're
  • 00:27:04
    going to just suspend your disbelief
  • 00:27:06
    whether or not I was actually bears
  • 00:27:08
    before this day or not trust me and go
  • 00:27:10
    through my Twitter you'll see all kinds
  • 00:27:12
    of examples of me doing this very thing
  • 00:27:14
    but nonetheless we're gonna sue for sake
  • 00:27:18
    of argument that we're bearish on this
  • 00:27:20
    particular currency that day okay we're
  • 00:27:23
    gonna be looking for price movement
  • 00:27:25
    above the opening price that's what I'm
  • 00:27:27
    looking for here okay now I learned
  • 00:27:29
    early on that these levels these double
  • 00:27:32
    tops they were fake outz and that's why
  • 00:27:36
    I loved the turtle soup trading pattern
  • 00:27:39
    that I learned in a book called street
  • 00:27:40
    smarts and if you don't have it you
  • 00:27:42
    should buy it's a very very good book
  • 00:27:43
    but that pattern in there resonated with
  • 00:27:46
    me because I was already doing things
  • 00:27:47
    similar to that and I would just look
  • 00:27:50
    for those equal highs and equal lows
  • 00:27:52
    which I've already taught you in this
  • 00:27:53
    series and right away there's a large
  • 00:27:55
    number of you in our community that are
  • 00:27:57
    just going through the roof right now
  • 00:27:59
    with excitement cuz now you see
  • 00:28:00
    something that's always been there but
  • 00:28:02
    now you see it and it's useful to you
  • 00:28:05
    you can see where price is drawn to well
  • 00:28:07
    if we see this time of day this is
  • 00:28:09
    midnight and we're bearish we have equal
  • 00:28:11
    highs in here right away I want to know
  • 00:28:14
    there's going to be a rally above the
  • 00:28:16
    opening price and I extend that out in
  • 00:28:17
    time about love o'clock in the morning
  • 00:28:19
    New York time and any time price trades
  • 00:28:22
    above that opening price and it's inside
  • 00:28:25
    of a kill zone that means the London or
  • 00:28:30
    New York open kill zone if it trades
  • 00:28:33
    above that opening price I will look to
  • 00:28:34
    go short now if we go above it and this
  • 00:28:40
    is what I was doing before I started
  • 00:28:41
    incorporating the Asian range concept I
  • 00:28:43
    would just simply look for this rally
  • 00:28:44
    above if I got this scenario here I was
  • 00:28:47
    selling right there
  • 00:28:48
    I would sell short the SP I would sell
  • 00:28:51
    short Deutschmark I would sell short the
  • 00:28:53
    Swiss franc I would swell the and all
  • 00:28:56
    those commodity futures contracts that's
  • 00:28:59
    what I would that was my entry technique
  • 00:29:00
    right there and then I would go to sleep
  • 00:29:02
    and wake up around 5 o'clock and more
  • 00:29:04
    and hopefully I'd get some profit and I
  • 00:29:06
    would take something off try my
  • 00:29:08
    stop-loss really really tight sometimes
  • 00:29:09
    get stopped out other times it would
  • 00:29:11
    carry right on over into Globex into
  • 00:29:13
    open outcry in the pits and then I would
  • 00:29:16
    catch some more follow-through in the
  • 00:29:19
    day session hours in the New York
  • 00:29:20
    session but if that's my entry point
  • 00:29:26
    there just like anybody else life may
  • 00:29:30
    get in the way I may get sick my kids
  • 00:29:33
    may be complaining about growing pains
  • 00:29:35
    and I can't be in front of my charts you
  • 00:29:37
    know this happens you know I'm a dad I'm
  • 00:29:39
    a husband I own - I'm a pet parent own
  • 00:29:43
    two boxers and anything can happen
  • 00:29:46
    okay the distract me from actually
  • 00:29:48
    getting in where I want to get in it I
  • 00:29:49
    don't always use limit orders there are
  • 00:29:51
    certain conditions where I want to use a
  • 00:29:52
    limit order but mainly I want to be
  • 00:29:55
    executing rate when the markets
  • 00:29:57
    happening to be trading against my
  • 00:29:59
    directional bias for the day I don't
  • 00:30:02
    mind market order some folks that say
  • 00:30:04
    you shouldn't be using market orders you
  • 00:30:05
    know they should be using limit orders
  • 00:30:07
    again that goes along with not knowing
  • 00:30:09
    what I do I'm actually trading
  • 00:30:12
    aggressively rate as the markets
  • 00:30:14
    screaming higher I go marketing selling
  • 00:30:16
    short rate than in there and you seen my
  • 00:30:18
    examples I'm getting in there rate to
  • 00:30:19
    highs and order very lows so I don't
  • 00:30:22
    care what anybody else's opinion is I
  • 00:30:23
    can do it over and over again you're not
  • 00:30:25
    repeatedly showing it week after week
  • 00:30:28
    if you are up in a week looking at lemon
  • 00:30:31
    you can use market orders but if I am
  • 00:30:34
    NOT going to be awake I will put a limit
  • 00:30:36
    order in about two pips above these
  • 00:30:39
    equal highs my limit order would be
  • 00:30:41
    about bear and my stop-loss will be
  • 00:30:42
    about 35 to 40 pips and I would go to
  • 00:30:45
    sleep and be comfortable with that ok I
  • 00:30:48
    would have an 80 pip take profit on the
  • 00:30:51
    full position that way if I did wake up
  • 00:30:54
    and it moved an accelerated pace and
  • 00:30:56
    move 80 pips that would be 5 pips over
  • 00:30:59
    my weekly objective which is 75 pips I'm
  • 00:31:02
    always aiming for fifty seventy five
  • 00:31:03
    pips only for a weekly objective once I
  • 00:31:05
    do that I'm done trading I don't do
  • 00:31:06
    anything else but I leave myself the
  • 00:31:09
    opportunity to catch a tiger by the tail
  • 00:31:11
    if I wake up and the markets already
  • 00:31:13
    moved 80 pips I'm done for the week and
  • 00:31:15
    I didn't do anything but sleep in the
  • 00:31:17
    whole process but if I miss this
  • 00:31:21
    opportunity okay if I miss it my eyes go
  • 00:31:25
    rate to the low that form prior to that
  • 00:31:28
    run above the opening price when I'm
  • 00:31:30
    bearish so I'm going to place a sell
  • 00:31:32
    stop to get me in now sell stops
  • 00:31:35
    gentlemen you understand them as a
  • 00:31:37
    protective basis or mechanism to protect
  • 00:31:41
    your long position if there is no long
  • 00:31:43
    position and you place a sell stop it's
  • 00:31:46
    going to put you in short and that's
  • 00:31:47
    what I'd be expecting to see happen here
  • 00:31:50
    so in price drops down I could be short
  • 00:31:53
    there and my stop-loss
  • 00:31:54
    would be above the high today so let's
  • 00:31:56
    assume for a moment that I missed this
  • 00:31:58
    opportunity here and I just can't stay
  • 00:32:01
    up something happens you know my wife is
  • 00:32:04
    getting ready have a baby this has
  • 00:32:06
    happened I had to take a trade so I'm
  • 00:32:10
    you know I have to trade folks okay it
  • 00:32:13
    is what it is okay and I had to hear
  • 00:32:14
    about it on the way to the hospital that
  • 00:32:16
    day but nonetheless you know this is
  • 00:32:19
    this is real-life stuff here folks so if
  • 00:32:22
    I miss the opportunity to get in okay
  • 00:32:24
    and and the Swiss franc is looking to go
  • 00:32:26
    lower I'm gonna place a sell stop a
  • 00:32:29
    little swing low right before the rally
  • 00:32:31
    above the opening price with the
  • 00:32:32
    expectation that if this order fails it
  • 00:32:35
    will place a protective buy stop above
  • 00:32:37
    the high + 3 pips and then again same
  • 00:32:40
    scenario I would
  • 00:32:41
    take profit of 50 tips which is a low
  • 00:32:44
    and I make weekly objective and that's
  • 00:32:46
    it I don't trail my stop
  • 00:32:48
    I do not trail stops I do not have a
  • 00:32:51
    mechanism that trails my stop-loss
  • 00:32:53
    slower because I don't think it should
  • 00:32:54
    be done okay
  • 00:32:56
    I teach taking partials is the better
  • 00:32:57
    way to go and leave your stop-loss where
  • 00:33:00
    you initially put it manage the risk
  • 00:33:02
    from taking partials and then slowly
  • 00:33:04
    move it down after New York trading
  • 00:33:05
    starts because if you're gonna get a big
  • 00:33:08
    grain today like we see here you want to
  • 00:33:10
    trail the stop-loss after New York has
  • 00:33:12
    done its retracement if we take the
  • 00:33:14
    conversation back to the utilization of
  • 00:33:17
    the Asian range we can see here what's
  • 00:33:20
    actually happening is we have a tight
  • 00:33:21
    narrow consolidation and we're bearish
  • 00:33:24
    now think we have folks that want to buy
  • 00:33:26
    on the breakout they get tripped in with
  • 00:33:28
    the move above the asian range high here
  • 00:33:30
    so now what are they they're long wears
  • 00:33:32
    their stuff lots gonna be at right below
  • 00:33:34
    that low mark goes right down below
  • 00:33:36
    there to take their stops notice it
  • 00:33:37
    doesn't just go a little bit it goes
  • 00:33:39
    conveniently 10 pips below it it's gonna
  • 00:33:42
    sweep out anybody that has a stop loss
  • 00:33:44
    at or just below that low and using that
  • 00:33:47
    little tail over here they think that
  • 00:33:49
    they're safe they're not the real move
  • 00:33:51
    is running above the asian range high
  • 00:33:54
    after the buys have been put in then
  • 00:33:57
    taken out driven back up again why
  • 00:34:00
    because short sellers that we're lucky
  • 00:34:02
    enough to try to sell short at the top
  • 00:34:04
    of this channel or trading range they're
  • 00:34:06
    making money here they're not going to
  • 00:34:08
    be allowed to be profitable they run on
  • 00:34:10
    their stops which would be a buy stop
  • 00:34:12
    run above these highs that's where
  • 00:34:15
    you're looking to be a seller this is
  • 00:34:17
    the lowest risk high probability entry
  • 00:34:20
    for using the Asian range if we wait for
  • 00:34:25
    the Asian range low to be broken
  • 00:34:29
    and it reads back up to it that's the
  • 00:34:31
    other entry point using the Asian range
  • 00:34:33
    so we can see there's two ways of using
  • 00:34:35
    this range selling above the Asian range
  • 00:34:38
    high when we're bearish best scenario
  • 00:34:40
    especially if you have the centering
  • 00:34:42
    that's been outlined here understand the
  • 00:34:45
    storyline you have to have a bias on the
  • 00:34:48
    day and do not change gears based on all
  • 00:34:53
    this little movement here you have to
  • 00:34:55
    stick to what your analysis is calling
  • 00:34:57
    for our time frame is going to go lower
  • 00:34:59
    so we want to be looking for the market
  • 00:35:02
    to take out the Asian range high if that
  • 00:35:05
    happens we could sell short there or the
  • 00:35:08
    low risk confirmation trade is wait for
  • 00:35:10
    the Asian range low the break and then
  • 00:35:12
    trade back up to it and then we can sell
  • 00:35:14
    there okay and if it happens to occur
  • 00:35:17
    during an ICT kill zone London open or
  • 00:35:19
    New York open their probabilities go
  • 00:35:22
    through the roof in terms of being well
  • 00:35:25
    accurate and then you can see that
  • 00:35:28
    unfolding your charts if you go through
  • 00:35:29
    the the charts with this in mind okay
  • 00:35:34
    just put the asian range on and paint
  • 00:35:37
    them manually I know you all want
  • 00:35:39
    indicators and pop this up and empty for
  • 00:35:42
    this and empty for that physically draw
  • 00:35:45
    them in spend some time in the charts
  • 00:35:47
    get intimate with price action because
  • 00:35:49
    it's going to teach you a lot more I had
  • 00:35:51
    to do this stuff with charts that were
  • 00:35:54
    you know drew hand-drawn like I I had
  • 00:35:57
    well session with printed charts so I
  • 00:36:01
    would print out charts and I would do
  • 00:36:02
    all these things by hand and a ruler and
  • 00:36:04
    a magic marker and highlighter that's
  • 00:36:06
    the stuff I used to do and then I'm
  • 00:36:08
    convinced that's what made me good at it
  • 00:36:10
    being lazy about this okay what you're
  • 00:36:14
    really saying is is I don't really have
  • 00:36:15
    time to really study it just give me the
  • 00:36:17
    lipstick on the chart and then there it
  • 00:36:19
    is you will not get the same level of
  • 00:36:22
    appreciation or understanding if you
  • 00:36:25
    short cut it draw the levels on as I
  • 00:36:29
    taught so by taking the time to draw
  • 00:36:31
    this out manually and reminding yourself
  • 00:36:33
    okay maybe even be worth taking the time
  • 00:36:36
    to type out a notation you know in this
  • 00:36:40
    in this area here
  • 00:36:42
    to not focus one two movements below the
  • 00:36:46
    age range okay focus primarily on a move
  • 00:36:50
    above the Asian range high when we're
  • 00:36:54
    bearish and/or if we break the low the
  • 00:36:58
    Asian range after midnight wait for a
  • 00:37:01
    retest uniform for resistance now think
  • 00:37:06
    about what you're seeing here if we look
  • 00:37:09
    at price action like this if what if we
  • 00:37:12
    don't use the asian range concept here
  • 00:37:14
    as i'm outlining the question is is why
  • 00:37:18
    would this be a selling point i mean
  • 00:37:22
    granted you know you can go back to this
  • 00:37:24
    low here and say well that's probably a
  • 00:37:26
    reason for it but would you really look
  • 00:37:28
    at that after seeing this and then this
  • 00:37:31
    movement through yeah without this in
  • 00:37:34
    sight chances are you're probably not
  • 00:37:36
    going to see this actual scenario and
  • 00:37:38
    that's just a difference between
  • 00:37:39
    understanding tape reading and building
  • 00:37:42
    context behind price and also sticking
  • 00:37:45
    with a bias it's important to know what
  • 00:37:47
    a trading bias is for any given day and
  • 00:37:49
    anyone that tells you don't trade with a
  • 00:37:51
    bias they're the ones that are telling
  • 00:37:53
    you that because they don't know how to
  • 00:37:55
    do it I've given many examples on how
  • 00:37:56
    you can arrive at a daily bias and
  • 00:37:59
    you're not gonna get a daily bias that's
  • 00:38:00
    accurate every single day so don't let
  • 00:38:01
    me paint that picture for you but I can
  • 00:38:05
    be in the upper 90s in terms of my
  • 00:38:06
    probabilities and directional bias if
  • 00:38:09
    you can get just 65 to 70 percent
  • 00:38:12
    accuracy with or with your bias and then
  • 00:38:15
    wait for conditions like I'm showing you
  • 00:38:16
    here adding time of day
  • 00:38:19
    kill zones daily bias focusing was the
  • 00:38:23
    Asian range we've already looked at
  • 00:38:25
    power three it builds the entire model
  • 00:38:29
    for the daily range and you are not
  • 00:38:32
    surprised when certain things happen in
  • 00:38:33
    fact you're anticipating them before
  • 00:38:35
    they happen and by seeing day after day
  • 00:38:38
    after day of doing this you become much
  • 00:38:41
    better at well interpreting price action
  • 00:38:44
    and forecasting which is a skill set
  • 00:38:47
    that you cannot learn from reading books
  • 00:38:49
    or watching my videos you have to spend
  • 00:38:51
    time in the charts and if you do that I
  • 00:38:53
    promise you you will glean more
  • 00:38:56
    that than anything else that you would
  • 00:38:58
    ever study I hope you enjoyed this
  • 00:39:03
    presentation and if you did you can find
  • 00:39:05
    more at the inner circle trader.com
Etiquetas
  • Asian range
  • trading strategies
  • bullish conditions
  • bearish conditions
  • price action
  • intraday trading
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  • order placement
  • Chris Laurie
  • institutional buying