OTE Primer - Intro To ICT Optimal Trade Entry

00:44:40
https://www.youtube.com/watch?v=Cg0-CFJOJvg

Resumen

TLDREste vídeo é o primeiro de uma nova série no canal Inner Circle Trader, onde o autor apresentará um diário de trading entre segunda e sexta-feira. O foco será na entrada de negócios ótimos (OTE), abordando um par de moedas por dia. O autor enfatiza que o trading é uma prática complexa e não promete lucros garantidos. Em vez disso, ele oferece uma compreensão sólida da ação do preço e mostra como usar níveis de suporte e resistência para tomar decisões de trading informadas. Ao longo do mês, o autor se concentrará na simplificação das estratégias e na importância de se concentrar em timeframes superiores para identificar movimentos significativos e oportunidades de trading sem a complexidade de indicadores.

Para llevar

  • 📈 Este é o primeiro vídeo de uma nova série de trading.
  • 📝 O vídeo é focado em entradas ótimas no trading.
  • 🔍 O autor mostrará um par de moedas por dia.
  • 💡 Entender o que impulsiona o mercado é crucial.
  • 📊 A análise em timeframes superiores é essencial.
  • 🚫 O autor não promete lucros garantidos.
  • 🚀 Estratégias podem ser simples e diretivas.
  • 💡 O plano de trading não precisa ser extenso.
  • 📅 Expectativa de vídeos de segunda a sexta.
  • 🛑 Entender o risco é fundamental para o sucesso.

Cronología

  • 00:00:00 - 00:05:00

    Este vídeo marca o início de uma série no canal Inner Circle Trader no YouTube, com vídeos diários de segunda a sexta. O foco está em ensinar a ação do preço e a entrada em operações ótimas, selecionando um par de moedas por dia. O autor enfatiza que não está prometendo lucros, mas sim uma compreensão sólida dos padrões de ação do preço.

  • 00:05:00 - 00:10:00

    O autor menciona que a simplificação é uma das chaves para o sucesso na negociação, destacando que um plano de negociação não precisa ser complexo, mas deve incluir fundamentos básicos como modelo de risco e maneira de entrar e gerenciar negociações. Ele encoraja os espectadores a não ficarem sobrecarregados com informações demais.

  • 00:10:00 - 00:15:00

    O vídeo discute a importância de identificar níveis de suporte e resistência, utilizando gráficos de prazos mais altos (mensais, semanais e diários) para determinar pontos de entrada e saída. A ideia é que as grandes instituições mostrando interesse em níveis específicos influenciam a ação do preço.

  • 00:15:00 - 00:20:00

    O autor compartilha a abordagem da entrada em operações ótimas (OTE), enfatizando a compra em retratações durante movimentos de preço em alta e a venda durante movimentos de queda. Ele explica que esta metodologia permite entrar em negociações a preços favoráveis.

  • 00:20:00 - 00:25:00

    O apresentador menciona o uso de configurações de Fibonacci como uma ferramenta para definir pontos de entrada. O foco principal é comprar entre 62% e 79% de retração de um movimento anterior e estabelecer ordens de stop e distribuição de lucros em níveis pré-definidos.

  • 00:25:00 - 00:30:00

    Ele discute a prática comum de traders não saberem quando sair de uma negociação, enfatizando a importância de escalar lucros e a razão pela qual muitos traders falham ao ignorar esta estratégia. O autor expõe a forma como a relação risco-recompensa deve ser considerada ao definir ganhos.

  • 00:30:00 - 00:35:00

    O vídeo explora também a estrutura de mercado e a quebra de máximas ou mínimas como sinais de tendência, onde a compreensão e avaliação da ação do preço é essencial. O autor explica que a estratégia deve focar em entender o que as instituições estão fazendo.

  • 00:35:00 - 00:44:40

    Por fim, o apresentador fala sobre a ação do preço com exemplos práticos em gráficos, mostrando como identificar configurações de OTE e que é possível aplicar esta metodologia em várias classes de ativos. Ele se despede prometendo mais conteúdo e exemplos nos vídeos seguintes.

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Mapa mental

Vídeo de preguntas y respuestas

  • O que é uma entrada otimizada no trading?

    É a estratégia de entrar em operações durante as retrações de preço após um movimento de impulso.

  • Que par de moedas será analisado diariamente?

    Um par específico será escolhido a cada dia, mas não são garantidos setups todos os dias.

  • O que é 'OTE' mencionado no vídeo?

    'OTE' é a abreviação de Entrada de Negócios Ótima (Optimal Trade Entry).

  • O que torna este método de trading eficaz?

    A abordagem se concentra em preços de ação e padrões, sem depender de indicadores complexos.

  • Como os traders podem melhorar sua compreensão de ações de preço?

    A prática e a observação dos movimentos do mercado em diferentes intervalos de tempo são cruciais.

  • Qual é o papel de instituições no trading?

    As instituições têm grande influência sobre os movimentos dos preços, e entender isso ajuda nas decisões de trading.

  • Os traders devem criar planos de trading extensos?

    Não necessariamente; um plano de trading conciso que capture os elementos essenciais é suficiente.

  • Qual é o risco ao usar essas estratégias?

    Sempre existe risco no trading, e as estratégias não garantem lucros.

  • Como a análise em timeframes superiores ajuda no trading?

    Timeframes superiores ajudam a identificar níveis-chave e tendências, limitando a paralisia analítica.

  • Por que é importante saber quando sair de uma operação?

    Saber quando sair ajuda a gerenciar o risco e maximizar os lucros de forma consistente.

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Subtítulos
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Desplazamiento automático:
  • 00:00:16
    okay folks welcome this is gonna be the
  • 00:00:19
    first video I do as a beginning or a
  • 00:00:23
    point of origin if you want to call it
  • 00:00:25
    that for my continuing series on the
  • 00:00:31
    YouTube channel inner circle trader so
  • 00:00:34
    it's gonna be a daily entry in terms of
  • 00:00:39
    the YouTube channel will have a Monday
  • 00:00:42
    through Friday video log so there'll be
  • 00:00:45
    something posted and in October 2017 I'm
  • 00:00:50
    going to be doing a New York session
  • 00:00:53
    live commentary so I'll be talking about
  • 00:00:56
    one particular pair per day based on
  • 00:01:01
    personal choice and selection it doesn't
  • 00:01:05
    mean there's gonna be a setup that comes
  • 00:01:07
    to fruition every single day it just
  • 00:01:08
    means I'm going to give you an example
  • 00:01:11
    focusing on one particular pair and
  • 00:01:13
    using that as a foundation in
  • 00:01:16
    understanding you're in learning price
  • 00:01:18
    action so the first thing I want to kind
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    of bring the focus to is why everyone
  • 00:01:27
    starts trading obviously they want to
  • 00:01:29
    make money okay number one I'm not
  • 00:01:31
    promising you that okay cuz no one can
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    the only thing I can tell you is this is
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    a particular pattern that I first
  • 00:01:38
    discovered in price action and it was
  • 00:01:42
    very easy to spot
  • 00:01:43
    it was very easy to see and understood
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    the mechanics rather quickly and I think
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    from everyone I've ever taught this is
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    the one pattern that most gravitate
  • 00:01:53
    towards there's a lot of different
  • 00:01:55
    trading patterns out there especially in
  • 00:01:57
    my personal repertoire but truth be told
  • 00:02:00
    I only have only two setups that look at
  • 00:02:02
    and I'm not gonna give you there's
  • 00:02:03
    particular setups here but I'm gonna be
  • 00:02:06
    teaching you the generic optimal trade
  • 00:02:08
    entry from a foundational standpoint or
  • 00:02:11
    bare basics approach to it now right
  • 00:02:14
    away much like everyone else has already
  • 00:02:16
    gone through my free tutorials they
  • 00:02:20
    either dismissed it as oh well you know
  • 00:02:23
    it's too easy too simple trading can't
  • 00:02:26
    be that easy and no trading isn't
  • 00:02:30
    and CLE easy quote-unquote makes it
  • 00:02:33
    difficult this is you have to measure
  • 00:02:34
    the amount of risk involved for every
  • 00:02:36
    setup and then you have to stick to a
  • 00:02:38
    trading plan that you know follows that
  • 00:02:40
    setup and even that doesn't guarantee
  • 00:02:44
    you're gonna make money so the author
  • 00:02:46
    I'm guaranteeing you here is a solid
  • 00:02:49
    understanding of what I see in terms of
  • 00:02:51
    price action as it relates to optimal
  • 00:02:53
    trade entry or as it's deemed on the
  • 00:02:56
    Internet and in my own tutorials OTE
  • 00:02:59
    okay just abbreviation for optimal trade
  • 00:03:01
    entry alright so the first idea is
  • 00:03:05
    number one before we do anything I'll
  • 00:03:08
    kind of like want to remind you all that
  • 00:03:10
    I did a lecture years and years ago
  • 00:03:13
    about how your trading plan as many as
  • 00:03:17
    some might feel that's necessary to have
  • 00:03:21
    you know 14-page you know treaty yeah
  • 00:03:26
    what it is you're going to do I think
  • 00:03:28
    personally once you understand the
  • 00:03:30
    mechanics of it all and what you're
  • 00:03:32
    doing and conceptually it only needs to
  • 00:03:36
    be enough to fill the back of a business
  • 00:03:37
    card okay so you need a short little
  • 00:03:39
    list of things that you know by heart
  • 00:03:41
    what's your risk model how to frame that
  • 00:03:43
    what makes your entry what gives you the
  • 00:03:46
    conditions in the market place that
  • 00:03:47
    makes you bullish and bearish and you
  • 00:03:50
    know how do you execute and how you
  • 00:03:51
    manage that trade and then you obviously
  • 00:03:53
    you know where do you take your profits
  • 00:03:55
    at so obviously it's a very
  • 00:03:57
    oversimplification on my part admittedly
  • 00:04:00
    I understand that but my return back to
  • 00:04:03
    online I guess tutelage and teaching
  • 00:04:09
    it's really kind of like bring it back
  • 00:04:12
    in the scope of simplification because I
  • 00:04:15
    have a lot of things that I've taught
  • 00:04:16
    everyone about trading every asset class
  • 00:04:20
    specifically Forex the common consensus
  • 00:04:25
    this is because everyone's tried to
  • 00:04:28
    learn everything I taught and they tried
  • 00:04:29
    to apply it to every possible scenario
  • 00:04:31
    and every particular trading day that
  • 00:04:34
    they have time to sit in from the Sharks
  • 00:04:35
    it doesn't promote you know solid
  • 00:04:38
    understanding in fact it creates kind
  • 00:04:40
    like a paralysis effect so what happens
  • 00:04:43
    is
  • 00:04:44
    one quickly walks away from the material
  • 00:04:45
    thinking well number one he's just a
  • 00:04:47
    demo guy because you can't do it or
  • 00:04:50
    because I haven't showed a track record
  • 00:04:51
    and it's always been about you not about
  • 00:04:54
    me so if you take this information use
  • 00:04:58
    it I promise you you will have a greater
  • 00:05:00
    understanding about price action than
  • 00:05:01
    you have right now that's the only thing
  • 00:05:03
    I can promise now does that mean you're
  • 00:05:04
    gonna making be making any money no I
  • 00:05:07
    can't promise that okay so everything I
  • 00:05:09
    talk about is going to be referred to as
  • 00:05:11
    a hypothetical scenario because I'm not
  • 00:05:15
    trying to take ownership of the risk and
  • 00:05:17
    rewards that you take in using this
  • 00:05:19
    information so this understand that -
  • 00:05:21
    it's for informational purposes only I
  • 00:05:23
    think if you look at it you'll quickly
  • 00:05:26
    see that there's something of worth in
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    terms of studying it says the first
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    thing we're gonna look at is
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    understanding what makes the market
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    predisposed to go higher or lower now if
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    you recall for those that have had that
  • 00:05:39
    benefit of going through my old
  • 00:05:40
    tutorials I had a teaching on selecting
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    key support resistance levels and it's
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    primarily just marking from a higher
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    time frame monthly down into the lower
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    time frame so you wanna say lower time
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    frame that would be about the four hours
  • 00:05:56
    the lowest I'd go in terms of defining
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    it as a key anything less than four
  • 00:06:01
    hours is too short term to refine that
  • 00:06:04
    on a large institutional basis so what I
  • 00:06:08
    like to look for is and when I taught
  • 00:06:10
    one if Reta twirls is that if you used a
  • 00:06:13
    higher time frame monthly weekly daily
  • 00:06:15
    n' four-hour and will just leave the
  • 00:06:17
    four-hour offer right now this focus on
  • 00:06:19
    a monthly daily and weekly time frames
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    if you look for key levels where price
  • 00:06:24
    has moved away from it in other words if
  • 00:06:27
    price has moved up to a resistance level
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    and repelled and went lower we can
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    reasonably assume that there was a large
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    degree of institutions that had a
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    interest and being short there and if
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    the market trades down to a level and
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    bounces off of it and goes higher we can
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    reasonably assume that there is an
  • 00:06:46
    institutional basis for that rally to
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    ensue no without going in the great
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    detail and revisiting everything I've
  • 00:06:54
    ever done and trying to compressing into
  • 00:06:55
    a very short video just
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    that that simple premise of using a hard
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    time frame chart and use a monthly chart
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    there's plenty of high probability
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    scenarios that you could find just using
  • 00:07:08
    a monthly chart no you don't get a whole
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    lot of setups but if you're watching a
  • 00:07:14
    wide array of particular assets there's
  • 00:07:18
    always something trading at or near a
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    monthly level okay and what's a monthly
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    level an old high an old low simple as
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    that now
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    everything I'm going to be teaching and
  • 00:07:28
    revisiting in the YouTube channel is all
  • 00:07:30
    about simplification very simple
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    processes simple ideas no indicators no
  • 00:07:36
    gimmicks none of those types of things
  • 00:07:37
    you don't need all that stuff a very
  • 00:07:39
    simple understand of price action the
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    premise behind what makes these things
  • 00:07:43
    strong is we're looking for the evidence
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    that there's going to be a institutional
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    sponsorship behind the price move that
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    means big entities deep pockets lots of
  • 00:07:54
    orders coming in large sizeable orders
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    are coming in we're not looking at
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    ladders we're not looking at little tiny
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    little fluctuations of intraday
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    volatility we're looking at big massive
  • 00:08:05
    tell-tale signs that these big boys have
  • 00:08:08
    pushed price around and you can see that
  • 00:08:09
    on the hard time frame I've said this so
  • 00:08:11
    many times if folks would just focus on
  • 00:08:13
    these timeframes it will answer 80% of
  • 00:08:16
    the problems you're having because
  • 00:08:18
    you're too worried about what's going on
  • 00:08:19
    in these lower timeframes because you're
  • 00:08:21
    in enamored by something maybe I've done
  • 00:08:23
    with an intraday chart five-minute
  • 00:08:25
    15-minute something that we've been one
  • 00:08:27
    minute charts you get on social media
  • 00:08:28
    everybody's a wizard now and they're
  • 00:08:30
    showing all kinds of things that they've
  • 00:08:31
    either done or can do and that's great
  • 00:08:33
    but one minute charts are not going to
  • 00:08:35
    decipher what smart money's doing that's
  • 00:08:38
    just very short-term volatility now I'm
  • 00:08:40
    not disparaging the ability to make
  • 00:08:42
    money doing that because I can do it
  • 00:08:43
    just as well as the next guy can but
  • 00:08:46
    what I really want to focus my time on
  • 00:08:48
    this is what I taught from 2010 that's
  • 00:08:51
    it really just to 4x but it really goes
  • 00:08:53
    across all asset classes if you use a
  • 00:08:55
    higher time frames you want any asset
  • 00:08:58
    classes you're looking to speculate in
  • 00:08:59
    or study that is where the big money
  • 00:09:02
    moves are it's as simple as that it
  • 00:09:05
    doesn't get any plainer than that okay
  • 00:09:06
    so we're going to assume for a moment
  • 00:09:08
    that we are
  • 00:09:10
    you assumed it's a markets bullish okay
  • 00:09:12
    and we would be looking for the market
  • 00:09:14
    to trade higher optimal trade entry is
  • 00:09:18
    really based on buying retracements okay
  • 00:09:22
    as the market makes a impulse price move
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    higher that impulse price move has to be
  • 00:09:27
    incorporating a break in market
  • 00:09:30
    structure and I'll show you what that
  • 00:09:31
    looks like in the chart and then your
  • 00:09:33
    what you're doing is you're trying to
  • 00:09:35
    buy the retracement slower and obviously
  • 00:09:37
    it's very cliche to here in technical
  • 00:09:40
    analysis buy the dips sell the rallies
  • 00:09:43
    okay if you're bullish you're gonna be
  • 00:09:45
    buying the dips or any retracement
  • 00:09:47
    slower after a price leg higher and then
  • 00:09:50
    the expectation is you're buying it when
  • 00:09:52
    it retraces and then you want to buy it
  • 00:09:54
    as it does that and then capture the
  • 00:09:55
    next leg higher and everything's
  • 00:09:57
    reversed for when it's bearish we'd be
  • 00:09:59
    looking for rallies in price and we look
  • 00:10:02
    into sell those rallies with the
  • 00:10:04
    expectation that we're going to break to
  • 00:10:05
    lower lows okay and that's the optimal
  • 00:10:08
    trader through short and optimal trade
  • 00:10:11
    entry long in a bare definition simple
  • 00:10:15
    definition so what it looks like is on a
  • 00:10:18
    fib this is the basic model there's been
  • 00:10:22
    many approaches to having the Fibonacci
  • 00:10:25
    show what I use for optimal trade entry
  • 00:10:28
    but this is the bare bones is how it
  • 00:10:29
    started this is how it is and I'll show
  • 00:10:32
    you what these settings are let's go
  • 00:10:34
    here and click on and I'll let you see
  • 00:10:38
    the settings that way you can set your
  • 00:10:39
    mt4 or equivalent to the same the zero
  • 00:10:43
    level is first profit and scaling I'll
  • 00:10:45
    explain these as I go
  • 00:10:48
    62 percent retracement level unraveling
  • 00:10:50
    it and then you have the 100 level which
  • 00:10:54
    is one here and then we have the %
  • 00:10:59
    dollar sign just allows the mt4 platform
  • 00:11:01
    to plot the actual value you can see
  • 00:11:04
    that over here and then it's 0.7 0 5 for
  • 00:11:12
    the sweet spot for optimal for entry
  • 00:11:13
    that's the price level I'd like to see
  • 00:11:15
    price trade - and 79% and we have our
  • 00:11:21
    target levels which is
  • 00:11:23
    zero negative zero point six two
  • 00:11:26
    negative zero two seven and then
  • 00:11:29
    negative one for a symmetrical price
  • 00:11:31
    swing okay and then the same as this you
  • 00:11:35
    know done over here I don't need to show
  • 00:11:37
    you the property settings for that it's
  • 00:11:39
    the same thing that's shown in the scale
  • 00:11:41
    of looking for downside objectives so
  • 00:11:43
    the premise is we would be looking for
  • 00:11:46
    price to do something like this okay we
  • 00:11:51
    have a impulse price leg higher and then
  • 00:11:57
    we have another impulse price leg off
  • 00:12:02
    that level and trading down into optimal
  • 00:12:07
    trade entry okay so we're trying to do
  • 00:12:09
    is get below halfway of that price leg
  • 00:12:12
    higher down into 60 to 70 and a half to
  • 00:12:16
    79% raise my level okay I try to get my
  • 00:12:20
    fill at 62
  • 00:12:21
    just to everyone knows right away it's
  • 00:12:24
    for completeness sake I try to get a
  • 00:12:26
    tour very close to the 62% tracing level
  • 00:12:28
    I allow up to a little small deviation
  • 00:12:31
    below the sub types of trades along 280
  • 00:12:33
    ok now I allow that for price now my
  • 00:12:37
    stop will be exactly at this low not 10
  • 00:12:41
    pips for 5 to put pips below that it's
  • 00:12:43
    gonna be right at that low okay so it's
  • 00:12:45
    the easily defined if we are trying to
  • 00:12:48
    get in at 62% traits level it'd be my
  • 00:12:51
    fill would be one I'm sorry 1234 0.3 was
  • 00:12:57
    calling this is the gold market behind
  • 00:12:59
    all this stuff it's just that's the
  • 00:13:00
    price is showing I'd look to get there
  • 00:13:02
    um fill that basically 12:35 we'll call
  • 00:13:06
    it okay just a little bit about 62 I'm
  • 00:13:08
    not gonna fancy dance around try to get
  • 00:13:10
    the actual level I just want to be in a
  • 00:13:12
    level that makes sense okay and then
  • 00:13:15
    between net and where I think the lows
  • 00:13:18
    should be formed based on my analysis
  • 00:13:21
    where price would be turns for the price
  • 00:13:23
    swing I'll show you what that looks like
  • 00:13:24
    in the chart this stop would be exactly
  • 00:13:27
    right there so between the two reference
  • 00:13:29
    points that would be the risk okay the
  • 00:13:33
    level up here
  • 00:13:35
    zero level is when you take off first
  • 00:13:39
    profit now I like to go a little bit
  • 00:13:41
    early because it can always fail getting
  • 00:13:44
    back to this high so at that high or
  • 00:13:48
    just below it that's where my first
  • 00:13:50
    profit is that's your first scaling
  • 00:13:52
    that's not your first target first
  • 00:13:55
    target is here okay so you got to expect
  • 00:13:57
    price to want to eventually get to this
  • 00:13:59
    level or maybe this level if you're
  • 00:14:01
    really extremely bullish all the way up
  • 00:14:03
    here to have a measured move what's a
  • 00:14:04
    measured move the impulse leg low to
  • 00:14:07
    high that move is the same thing just
  • 00:14:10
    add it to the high up okay so that's a
  • 00:14:13
    perfectly symmetrical price swing you
  • 00:14:15
    don't always happen to that degree and
  • 00:14:18
    that's why we have to be looking to take
  • 00:14:20
    profit right before our old high because
  • 00:14:23
    it could fail there and if it goes above
  • 00:14:25
    it at the 127 extension basically is
  • 00:14:28
    what this is I'm gonna be looking to
  • 00:14:30
    take something off there and if we get
  • 00:14:32
    to 162 extension up here I would be
  • 00:14:39
    another portion for me to take profits
  • 00:14:41
    and then if I'm extremely bullish I'll
  • 00:14:43
    leave a small piece on for a measured
  • 00:14:46
    move type effect so the same thing as
  • 00:14:50
    seen over here for when the markets
  • 00:14:56
    bearish we look for an impulse leg lower
  • 00:15:00
    in price okay and then we expect to see
  • 00:15:05
    price retrace higher back into optimal
  • 00:15:15
    trade entry and that's defined between
  • 00:15:17
    62 and 79 cent racial it can be anywhere
  • 00:15:20
    in here now the problem is is I'm not
  • 00:15:22
    teaching supply and demand so supply and
  • 00:15:24
    demand zones and stuff like that I don't
  • 00:15:26
    do those types of things I look for
  • 00:15:28
    specific price levels and I'll teach you
  • 00:15:30
    through the month of October how to
  • 00:15:32
    refine that down to a specific price
  • 00:15:33
    level and not just wonder you know where
  • 00:15:36
    it is in that zone you're going to be
  • 00:15:38
    taking a trade at okay so I'm going to
  • 00:15:39
    do the actual price levels to look for
  • 00:15:41
    the same thing we would expect the price
  • 00:15:43
    to show willingness to drop lower
  • 00:15:46
    limiting our risk to the actual high
  • 00:15:49
    between their entry and the hi that's
  • 00:15:51
    our risk so we would take that amount of
  • 00:15:53
    risk defiant divided by you know the
  • 00:15:57
    percent risk that we're willing to
  • 00:15:59
    assume based on our count let's say it's
  • 00:16:02
    a half a percent we're a half percent of
  • 00:16:04
    your account is you take that in terms
  • 00:16:07
    of the pips and break that down and that
  • 00:16:09
    would give you your per pip leverage and
  • 00:16:13
    I know something I'm brushing over that
  • 00:16:15
    rather quickly and it's because I'm
  • 00:16:18
    trying to just give you a pound a ssin
  • 00:16:22
    and then obviously through the entire
  • 00:16:24
    scope of October will actually refine as
  • 00:16:26
    you can see how to do your risk how to
  • 00:16:29
    determine your risk and figure out what
  • 00:16:31
    you can earn on the position and what
  • 00:16:33
    you're you're risking and I'll teach you
  • 00:16:35
    how to move all the stops when when it's
  • 00:16:36
    supposed to be done and all that but
  • 00:16:38
    ultimately we would expect to see it
  • 00:16:40
    then move down into some reasonable
  • 00:16:44
    objective first profit would be down
  • 00:16:45
    here but just above the old low so we
  • 00:16:48
    would on take profit here the thing is
  • 00:16:50
    this is what why most traders screw up
  • 00:16:52
    and you don't make money and they're not
  • 00:16:53
    profitable either in demo or in live is
  • 00:16:55
    they don't do this practice right here
  • 00:16:57
    knowing where to get out it's our first
  • 00:16:59
    scale you have to know what that is and
  • 00:17:02
    it has to be a reasonable amount of
  • 00:17:03
    range to promote the idea of
  • 00:17:06
    justification for the risk so if I know
  • 00:17:09
    I'm getting in here in my entry exit but
  • 00:17:11
    a loss is up here with my stop it has to
  • 00:17:14
    be a reasonable you know better than in
  • 00:17:18
    my opinion better than two to one okay
  • 00:17:22
    and that's about as good as I get
  • 00:17:24
    in terms of trusting reward to risk
  • 00:17:26
    ratios okay so what I'm looking for is
  • 00:17:29
    everyone will look like this way they'll
  • 00:17:30
    say okay I'm I'm trading here at is
  • 00:17:33
    short and my risk is here so that's my
  • 00:17:36
    risk okay whatever that multiple is then
  • 00:17:38
    they start doing this it's okay for if I
  • 00:17:40
    get short from that point there's one
  • 00:17:41
    are there's two are there's three orders
  • 00:17:43
    for our I think that's flawed okay and
  • 00:17:46
    that's the reason why I make fun of
  • 00:17:47
    folks when they want to talk about risk
  • 00:17:48
    to reward models it really should be
  • 00:17:50
    done on first scaling okay so if I'm
  • 00:17:53
    getting here as an entry and my risk is
  • 00:17:55
    here it needs to be enough of the
  • 00:18:00
    position coming off that promotes
  • 00:18:02
    at least two to one so this is one are
  • 00:18:06
    in terms of risk whatever that is
  • 00:18:11
    I have to be able to make two times that
  • 00:18:13
    in my first profit that's what I'm
  • 00:18:16
    trying to shoot for now sometimes I'll
  • 00:18:18
    take trades that are just slightly
  • 00:18:19
    underneath - it might be like one in
  • 00:18:22
    three quarters okay if I'm really really
  • 00:18:24
    aggressive and I'm just in a fast market
  • 00:18:26
    and we're not even fast mark I should
  • 00:18:29
    say like this if I'm gonna market debt
  • 00:18:31
    is indecisive but I'm already in a
  • 00:18:34
    position so I'm managing it I'll I'll
  • 00:18:36
    look to take out one and a half percent
  • 00:18:37
    but I'm really looking for trades
  • 00:18:39
    that'll frame a model that will give me
  • 00:18:41
    around - okay so whatever my risk is
  • 00:18:44
    from here to here I want two times that
  • 00:18:47
    from my entry to first profit okay and
  • 00:18:50
    that's why I want to get as deep as I
  • 00:18:52
    can you know into that 70.5 level I'm
  • 00:18:57
    not going to demand 79% tracing level
  • 00:18:59
    I'm gonna be looking for the 70.5
  • 00:19:01
    preferably they give you my entry at 62
  • 00:19:04
    so that's what I'm looking for so not
  • 00:19:08
    all trade scenarios are gonna give me
  • 00:19:10
    this gearing but the ones that do are
  • 00:19:13
    the ones I'm gonna take okay and
  • 00:19:16
    obviously it's not as good if it's owned
  • 00:19:19
    like a 1 or 5 minute chart cuz the range
  • 00:19:21
    is gonna be very very small this setups
  • 00:19:23
    that on like an alloy chart they're good
  • 00:19:26
    because it'll give me enough of a range
  • 00:19:27
    to get close to that two-to-one reward
  • 00:19:30
    the risk and if I get that everything
  • 00:19:34
    past that first scaling out takes care
  • 00:19:36
    of itself and that's why it's I laugh
  • 00:19:39
    when I hear folks saying it's stupid to
  • 00:19:41
    take first profit or scaling out profits
  • 00:19:43
    because your initial risk is X and then
  • 00:19:47
    you've taken a small profit yada yada ya
  • 00:19:49
    well that's because I'm looking for
  • 00:19:50
    these objectives down here and it takes
  • 00:19:53
    care of itself okay and it ends up
  • 00:19:55
    becoming my last portion ends up being
  • 00:19:58
    way more generally than what I did in my
  • 00:20:00
    first scaling so it's it's not an issue
  • 00:20:04
    for me to be worrying about if you see
  • 00:20:07
    examples of it going forward you'll
  • 00:20:08
    you'll see quickly there's no reason to
  • 00:20:10
    be thinking it's a bad idea actually so
  • 00:20:15
    let's go over to the charts and I'll
  • 00:20:18
    give you some examples of how quickly
  • 00:20:19
    and easily you can find these setups and
  • 00:20:21
    we'll give you all kinds of examples of
  • 00:20:23
    it going forward in October okay we're
  • 00:20:27
    over here at tradingview dot-com and
  • 00:20:30
    admittedly I'm a little clumsy when it
  • 00:20:32
    comes to this platform I've not been
  • 00:20:34
    active in using it but I've been
  • 00:20:36
    practicing with it so that way I can use
  • 00:20:38
    it as our medium for our teachings so I
  • 00:20:42
    want to kind of draw your attention to
  • 00:20:44
    how price on the euro dollar this is a
  • 00:20:46
    wiggly timeframe and price in recent
  • 00:20:49
    weeks have pushed above these old highs
  • 00:20:54
    over here okay so if we did this on a
  • 00:20:58
    monthly scale and that's still it just
  • 00:21:00
    for completeness sake okay you can see
  • 00:21:06
    this high here you do me a little bit so
  • 00:21:12
    we have this high here in this high
  • 00:21:16
    comes in at one 1714 okay one 1714 for
  • 00:21:23
    this particular month so what I'm gonna
  • 00:21:25
    do is I'm gonna draw a horizontal line
  • 00:21:29
    right on it and I'm gonna ask you a
  • 00:21:32
    question regarding pricing so if we see
  • 00:21:37
    price trade on this particular month
  • 00:21:39
    right here it trades above this high
  • 00:21:42
    rate above it once we go above this old
  • 00:21:46
    high just think in terms of simple
  • 00:21:48
    support resistance folks it's not
  • 00:21:49
    complicated when price is above it
  • 00:21:52
    whatever that price level is an organ
  • 00:21:54
    we've already assumed not assembly that
  • 00:21:58
    I figured it out it was 1 1714 the
  • 00:22:00
    markets trade in an algorithmic format
  • 00:22:04
    okay there's price engines that generate
  • 00:22:08
    you runs on price and runs on stops and
  • 00:22:12
    it's accelerations in price and we're
  • 00:22:15
    delivery skips and jumps to specific
  • 00:22:18
    areas and pricing the easiest way to
  • 00:22:21
    understand what that is is if you look
  • 00:22:24
    at a chart you can do it like on an
  • 00:22:26
    hourly chart or a 15-minute time frame
  • 00:22:29
    you can see it on all time frames but
  • 00:22:31
    really 15 in one minute if you do it
  • 00:22:33
    every course of a week you'll see how
  • 00:22:35
    price gravitates from a full figure okay
  • 00:22:39
    that would be an example of like one
  • 00:22:40
    1700 to 118 zeroes there that would be a
  • 00:22:44
    full penny move in a year a dollar that
  • 00:22:47
    one penny move is broken down
  • 00:22:51
    algorithmically to the 11780 level 11750
  • 00:22:57
    level or mid figure 117 20 level and
  • 00:23:00
    then we have 117 big figure okay so my
  • 00:23:04
    question G is this if price traces above
  • 00:23:06
    it this old high back here because we
  • 00:23:09
    broke through that this look this is
  • 00:23:12
    high I'm sorry this high is 1 1714 so
  • 00:23:15
    from an algorithmic standpoint what
  • 00:23:18
    price level would it want to reach back
  • 00:23:20
    down into if it's gonna go down for
  • 00:23:23
    support 1 17 20 which was it's just
  • 00:23:30
    above the 1 1714 right so if this high
  • 00:23:33
    would have been 117 say 65 what would
  • 00:23:37
    the level be that we you'd expect to see
  • 00:23:40
    it reach down into for an algorithmic
  • 00:23:42
    support level 1 1750 mid figure okay so
  • 00:23:47
    think in terms of that okay and what
  • 00:23:50
    this does is it eliminates all this
  • 00:23:53
    distraction ok looking at ladders and
  • 00:23:57
    depth of market and all those types of
  • 00:23:59
    things you can probably swear by it and
  • 00:24:02
    tell me you've done really really well
  • 00:24:04
    and that's great just like anybody else
  • 00:24:06
    using crossovers and MACD they can tell
  • 00:24:08
    me they've done really well it out - I'm
  • 00:24:09
    not telling you that you can't make
  • 00:24:11
    money doing that kind of stuff I'm just
  • 00:24:13
    simply suggesting to you there's a much
  • 00:24:15
    easier purpose to doing this than
  • 00:24:17
    everyone's doing so we're using an old
  • 00:24:20
    high here and while the level is 1 1714
  • 00:24:24
    and the specific high from an
  • 00:24:26
    algorithmic standpoint we would look for
  • 00:24:28
    sensitivity or support to form around or
  • 00:24:31
    at 1 1720 okay so we're gonna leave the
  • 00:24:34
    level here and we're gonna drop down
  • 00:24:36
    into a daily okay so we have the 1 4 on
  • 00:24:39
    1 1714 level on our charts
  • 00:24:42
    and now I'm going to ask you to consider
  • 00:24:47
    what is going on in reference to the
  • 00:24:50
    institutional level from an algorithmic
  • 00:24:52
    standpoint in other words we look at our
  • 00:24:54
    pricing model it's full figure above it
  • 00:24:58
    the 20 level above that mid figure 50
  • 00:25:01
    above that the 80 level institutional
  • 00:25:03
    and then we have the next full figure
  • 00:25:06
    okay or 118 so if we're above price when
  • 00:25:10
    it trades above it here we expect to see
  • 00:25:13
    price find support when it comes back
  • 00:25:17
    down into the 20 level okay
  • 00:25:20
    so now we can adjust this level here in
  • 00:25:22
    show at 117 20 okay so 117 20 is the
  • 00:25:26
    institutional price level from an
  • 00:25:27
    algorithmic standpoint price is going to
  • 00:25:29
    want to trade back down to that level
  • 00:25:31
    the reason why it does that is it allows
  • 00:25:33
    the market to pick up orders at just
  • 00:25:36
    below or above that level okay
  • 00:25:39
    there's limit orders there there's there
  • 00:25:41
    stops there but generally it's coming
  • 00:25:43
    down to run stops to pair the orders
  • 00:25:45
    with smart money's limit orders okay
  • 00:25:48
    every time you see my chart below the
  • 00:25:51
    market I'm always referring to it as
  • 00:25:52
    running cell stops above the market I'm
  • 00:25:55
    always referring to it as running 5
  • 00:25:57
    stops those that are not in the know
  • 00:25:59
    they will question whether or not I'm
  • 00:26:01
    using the right definition I am using
  • 00:26:06
    the right definition because I'm looking
  • 00:26:07
    at things from an institutional
  • 00:26:09
    standpoint those cell stops they're
  • 00:26:12
    below the market place smart money will
  • 00:26:14
    have their buy limits to pair up with
  • 00:26:18
    those cell stops okay so my perspective
  • 00:26:21
    is not retail so I'm looking at it from
  • 00:26:24
    an institutional standpoint from where
  • 00:26:26
    I'm from I don't look at retail so if we
  • 00:26:29
    understand it the market is above this
  • 00:26:31
    20 level when it trades down into it we
  • 00:26:35
    should see the market rate into a
  • 00:26:40
    support level
  • 00:26:45
    that sport level is going to be defined
  • 00:26:47
    by some pricing model and I just gave
  • 00:26:51
    you one that's very simple
  • 00:26:52
    we used a old monthly high and we're
  • 00:26:56
    finding support we want to see price
  • 00:26:58
    trade-off of that and give us a pattern
  • 00:27:01
    so now we have a level it's been rounded
  • 00:27:03
    to an institutional level twenty
  • 00:27:06
    seventeen twenty and now we can drop
  • 00:27:08
    down into lower timeframe charts and
  • 00:27:11
    we'll just look at a fifteen minute time
  • 00:27:14
    frame
  • 00:27:15
    okay anymore okay here we are
  • 00:27:30
    alright so we have price trading down on
  • 00:27:33
    the 27th and hitting the 20 level notice
  • 00:27:36
    what it does it hits it and it rallies
  • 00:27:39
    away that rally this is what you're
  • 00:27:42
    looking for you want to see it take out
  • 00:27:44
    a short term high that is seen here you
  • 00:27:52
    a short term high it trades through it
  • 00:27:58
    once it does that this break above that
  • 00:28:03
    short term high is a market structure
  • 00:28:07
    break okay so now from an algorithmic
  • 00:28:11
    standpoint the price will want to
  • 00:28:13
    retrace back down once it retraces okay
  • 00:28:17
    it's going to pick up more orders and
  • 00:28:19
    then rally again okay
  • 00:28:22
    we have another break above this short
  • 00:28:25
    term high here and I'm quite certain you
  • 00:28:30
    guys that are more proficient with
  • 00:28:31
    trading view you're probably smiling
  • 00:28:34
    saying you could have done this or that
  • 00:28:36
    and just made a copy I don't know all
  • 00:28:37
    that yet so this is give me some time so
  • 00:28:41
    we have another break here okay so we
  • 00:28:43
    have short term high broken and another
  • 00:28:46
    high broke and now watch this high being
  • 00:28:50
    higher than this one from a market
  • 00:28:52
    structure standpoint short term high
  • 00:28:54
    intermediate term high so now when this
  • 00:28:57
    breaks here
  • 00:28:58
    have a much more solid setup for a
  • 00:29:02
    pencil potential running and price
  • 00:29:03
    higher now we have to enter the optimal
  • 00:29:07
    trade entry because we already have a
  • 00:29:09
    consolidation in here price trades away
  • 00:29:12
    can came back to the consolidation
  • 00:29:14
    distribution redistribution smart money
  • 00:29:17
    reversal low-risk Buy and here we're
  • 00:29:22
    looking for another area to buy okay or
  • 00:29:25
    another area of accumulation or Aria
  • 00:29:26
    cumulation to take us above this
  • 00:29:28
    consolidation now what I just described
  • 00:29:30
    to you is a market maker by model simple
  • 00:29:33
    as that some of you will say oh that's
  • 00:29:35
    Wyckoff well I kind of got the idea from
  • 00:29:40
    looking at price action alone and then
  • 00:29:42
    when I saw Wyckoff describing that
  • 00:29:44
    scenario it made me feel better that I
  • 00:29:48
    seen something that someone years and
  • 00:29:50
    years before me was able to see that
  • 00:29:52
    same price structure but his definitions
  • 00:29:54
    and things I don't use that there's a
  • 00:29:55
    different approach in folks that went
  • 00:29:57
    through my mentorship know right away
  • 00:29:58
    and I've challenged them as well to go
  • 00:30:00
    through Wyckoff and see if what I was
  • 00:30:02
    teaching was Wyckoff it's not it's very
  • 00:30:04
    similar in terms of the general market
  • 00:30:06
    profile itself because it's a very
  • 00:30:09
    generic process markup and discounts and
  • 00:30:12
    simple as that but the long and short is
  • 00:30:14
    the the run above here right there that
  • 00:30:21
    impulse leg is all that's necessary
  • 00:30:24
    because now we have a a buy profile or
  • 00:30:31
    model it would take us above this
  • 00:30:32
    consolidation so we would look for this
  • 00:30:34
    whole price action right in here
  • 00:30:36
    to be traded above okay because that's
  • 00:30:39
    where the buy stocks are hitting are
  • 00:30:40
    sitting so smart money buys down here at
  • 00:30:43
    the 20 level and we would know this
  • 00:30:45
    level beforehand and it's basically the
  • 00:30:48
    one 1820 because above this high this
  • 00:30:52
    height would be 118 10.2 and obviously
  • 00:30:58
    above 118 10 the institutional level
  • 00:31:01
    will be what 118 20 and that would be
  • 00:31:03
    where smart money would want to exit
  • 00:31:06
    running those buy stops why they want to
  • 00:31:09
    run by stops because
  • 00:31:11
    the orders they picked up down here
  • 00:31:12
    going long and then Baltimore down here
  • 00:31:14
    there alone so they have to have people
  • 00:31:17
    that want to buy it from them at a
  • 00:31:19
    higher price
  • 00:31:19
    so by stops it would be above here why
  • 00:31:22
    would there be by stops there Michael
  • 00:31:23
    because folks that are being short
  • 00:31:26
    this is the last intermediate term high
  • 00:31:29
    for anyone that has not trailer
  • 00:31:31
    stop-loss lower and got stopped out
  • 00:31:33
    there gonna make a run on that liquidity
  • 00:31:34
    right there which is the reason why the
  • 00:31:36
    boy market I could buy model is so well
  • 00:31:41
    good all right so we're gonna look at
  • 00:31:44
    this little area right in here okay and
  • 00:31:47
    this is going to be the optimal trade
  • 00:31:49
    entry that we're going to talk about
  • 00:31:50
    just for tonight and it's make us a
  • 00:31:53
    little bit bigger
  • 00:31:59
    okay so this impulse leg rallying away
  • 00:32:03
    and then coming back down picking up
  • 00:32:05
    more orders that's optimal trade entry
  • 00:32:08
    that's what it looks like in price
  • 00:32:09
    that's the the executable price level
  • 00:32:15
    you can trade on now I'm going to ask
  • 00:32:17
    you to let me go back to MT for just for
  • 00:32:21
    the the pattern sake but I wanted you to
  • 00:32:24
    see how it can be shown on trading view
  • 00:32:26
    it's not just simply a empty for trick
  • 00:32:28
    pony it's it's there as well but I want
  • 00:32:31
    to go over to MT for because a little
  • 00:32:32
    bit more efficient with that charting
  • 00:32:37
    platform and then we'll go into looking
  • 00:32:40
    at the example okay so we're over at mt
  • 00:32:44
    4 and it's kind of like re define what
  • 00:32:50
    we've already discussed this is the old
  • 00:32:52
    monthly high okay 117 14 and price was
  • 00:32:56
    coming down away from higher levels and
  • 00:32:59
    we had a short term low here and we had
  • 00:33:01
    a little bit of a rally in there and
  • 00:33:03
    folks to try to capture old lows or try
  • 00:33:07
    to capture any advancement higher if
  • 00:33:10
    they're lucky enough to get in and see a
  • 00:33:12
    little bit of a profit they obviously
  • 00:33:14
    fall in love with it they marry the vein
  • 00:33:16
    the expression is and obviously there's
  • 00:33:19
    their stop would be resting below that
  • 00:33:21
    so the market trades down into that
  • 00:33:23
    twenty
  • 00:33:25
    institutional level picks up orders
  • 00:33:27
    right in here okay runs hits that and
  • 00:33:30
    then rallies through breaking this short
  • 00:33:33
    term structure hi when it does that we
  • 00:33:35
    have a market structure break we wait
  • 00:33:38
    for it retracement lower okay now the
  • 00:33:41
    first time it does this you're going to
  • 00:33:44
    maybe lose the low-risk buy for a market
  • 00:33:48
    maker by model the consolidation here
  • 00:33:52
    the runaway come back to the
  • 00:33:55
    consolidation distribution smart money
  • 00:33:57
    reversal low-risk by re accumulation
  • 00:34:02
    that's what we're looking for the next
  • 00:34:04
    area of accumulation so this short term
  • 00:34:07
    pied being broken here we mention that
  • 00:34:10
    this is a higher high than this one so
  • 00:34:12
    this is an intermediate term high okay
  • 00:34:14
    my old tutorials brought out concept I
  • 00:34:19
    picked up from Larry Williams which is
  • 00:34:20
    my mentor back in the 90s he taught
  • 00:34:23
    market structure and high that has two
  • 00:34:26
    lower highs on either side of it it
  • 00:34:28
    makes that high in the middle a
  • 00:34:31
    significant high and that nests out it
  • 00:34:34
    gives us a market structure model here
  • 00:34:37
    this high being broken right there is
  • 00:34:39
    much more convincing than this short
  • 00:34:42
    term here without understanding
  • 00:34:44
    everything I'm giving you here is an
  • 00:34:46
    outline or understanding the expectation
  • 00:34:49
    of how orders are stacking around higher
  • 00:34:51
    time frame key levels and understanding
  • 00:34:53
    algorithmic price models because that's
  • 00:34:55
    what I'm teaching here tonight from a
  • 00:34:57
    very basic approach this all stuff I
  • 00:34:59
    taught in my free tutorials sniper and
  • 00:35:01
    precision trading concepts and all the
  • 00:35:03
    other stuff in between but this rally
  • 00:35:07
    right in here this impulse like right
  • 00:35:10
    there is all that we would be looking
  • 00:35:12
    for so this move up when price trades up
  • 00:35:19
    and creates that high what it's doing is
  • 00:35:22
    it's making a more convincing run above
  • 00:35:25
    this high so it's a market structure
  • 00:35:27
    break on an interview term high so it's
  • 00:35:30
    much much more reliable so the
  • 00:35:32
    retracement on that it's going to be
  • 00:35:33
    much more significant so when we look at
  • 00:35:36
    price moves we want to look at the price
  • 00:35:38
    move
  • 00:35:38
    on the bodies of the candles I've taught
  • 00:35:40
    this in my tutorials the wicks are
  • 00:35:42
    always going to be the thinnest price
  • 00:35:44
    action okay and if you look at
  • 00:35:46
    everyone's price across all different
  • 00:35:48
    platforms and brokers the part that's
  • 00:35:52
    always different that serves everyone
  • 00:35:54
    off is the wicks because the brokers
  • 00:35:56
    allowed to have some measure of
  • 00:35:59
    flexibility I'm just gonna say it that's
  • 00:36:02
    the polite way of saying it where they
  • 00:36:03
    can spread price a little bit more so
  • 00:36:05
    you're already getting a derivative of
  • 00:36:07
    price from an interbank feed anyway but
  • 00:36:09
    the discrepancy between that and what
  • 00:36:12
    you see it your broker is many times way
  • 00:36:14
    off okay and you sign your agreement to
  • 00:36:17
    that when you set up your account you're
  • 00:36:19
    allowing that to occur okay so you can
  • 00:36:23
    cry about it they did this to me to do
  • 00:36:24
    destiny but you really give them
  • 00:36:25
    permission so it is what it is all right
  • 00:36:27
    so this rally up we're looking at we're
  • 00:36:29
    gonna put on the bodies of candles up
  • 00:36:32
    here this is the highest body right
  • 00:36:34
    there
  • 00:36:34
    this candle right there and we're gonna
  • 00:36:37
    look at that as the open so open is one
  • 00:36:40
    seventeen ninety nine so that's where
  • 00:36:44
    our fib will be draw right there okay
  • 00:36:48
    don't let go so now what happens is
  • 00:36:50
    price rallies through impulse leg up and
  • 00:36:53
    it drops back down look how nicely it
  • 00:36:56
    gives another little bounce rate there
  • 00:36:57
    trades back up higher and it spends all
  • 00:37:01
    this time on a fifteen minute time frame
  • 00:37:02
    this is going to chop traders with no
  • 00:37:05
    patience up they're gonna get scared
  • 00:37:07
    every time it comes down or when it
  • 00:37:08
    starts to rally like this they Jam their
  • 00:37:10
    stop-loss right on then and then it's
  • 00:37:11
    this low here and then look at it does
  • 00:37:13
    eventually comes back hits it you have
  • 00:37:15
    to give the price freedom to trade from
  • 00:37:18
    where you're trying to get in at to your
  • 00:37:19
    stop let it go did a full stop it's
  • 00:37:21
    there for a reason to protect you
  • 00:37:23
    but if you don't give it room to breathe
  • 00:37:25
    you're never going to give these markets
  • 00:37:27
    the ample room that needs to desire
  • 00:37:31
    eight and then expand towards your
  • 00:37:32
    targets so the same Fibonacci settings
  • 00:37:35
    okay nothing is different here when
  • 00:37:37
    trades up to this price level right
  • 00:37:39
    there or just below it there's your
  • 00:37:40
    first profit okay so what if you're
  • 00:37:44
    trying to get in at seventy twenty five
  • 00:37:46
    or sixty two percent treatment level
  • 00:37:47
    this movement here you got to see at
  • 00:37:49
    least two of
  • 00:37:51
    that one - okay first profit scale off
  • 00:37:56
    put your stop to break-even let it go
  • 00:37:59
    price trades up to the first target you
  • 00:38:02
    can scale something off their trades to
  • 00:38:04
    this level here you can scale something
  • 00:38:05
    off there and trade up to symmetrical
  • 00:38:08
    price swing boom it's that okay and then
  • 00:38:10
    look at the reaction after that all the
  • 00:38:12
    way back down
  • 00:38:13
    you think that's by happenstance this
  • 00:38:15
    you know coincidence no it's going to an
  • 00:38:19
    area of liquidity we have a bearish
  • 00:38:21
    order block here overlaps with target -
  • 00:38:23
    really nice move there but look at this
  • 00:38:25
    short term high here what do you think's
  • 00:38:26
    resting above that buy stops now there's
  • 00:38:30
    going to be some out there that don't
  • 00:38:31
    understand what I'm teaching because
  • 00:38:32
    they don't see things from an
  • 00:38:34
    institutional standpoint you have no
  • 00:38:35
    idea how to look at it like this but
  • 00:38:37
    there is trio by stops that don't get
  • 00:38:41
    trailed down here not everyone carries
  • 00:38:43
    that model where they got to jam it up
  • 00:38:44
    seven tips you know above the recent
  • 00:38:47
    high when they're bearish that's what
  • 00:38:49
    retail does longer-term trending models
  • 00:38:52
    they have their stops farther back okay
  • 00:38:55
    and this is one that we've been targeted
  • 00:38:57
    and here's another one as well okay and
  • 00:38:59
    it overlaps with the symmetrical price
  • 00:39:02
    swing that we have on fit okay which is
  • 00:39:04
    a 100% measured move of whatever them
  • 00:39:06
    call swing is this low to this body's
  • 00:39:09
    high is the same thing from that body's
  • 00:39:12
    high all got to this level
  • 00:39:13
    it's 100% the same in terms of pips and
  • 00:39:16
    range it's the same thing from this
  • 00:39:17
    price point to here added to this and
  • 00:39:20
    you get that very very precise very very
  • 00:39:24
    precision based trading it reaches for
  • 00:39:29
    the 20 level okay you can that come out
  • 00:39:32
    to work there was around it near the 20
  • 00:39:34
    a lot of 20 20 to 20 so the market will
  • 00:39:38
    die great and work around these levels
  • 00:39:42
    here okay this is one penny move in the
  • 00:39:45
    euro so look at the sensitivity around
  • 00:39:47
    the 20 level it trades up to and
  • 00:39:50
    consolidates a little bit and gives
  • 00:39:52
    another optimal trade at your rate in
  • 00:39:53
    here from this impulse leg up rallies
  • 00:39:57
    again what's it doing it near the 50
  • 00:39:59
    level well it's not exactly a 50 Michael
  • 00:40:01
    exactly because at these levels at 50
  • 00:40:04
    there's orders that are just above it or
  • 00:40:07
    just below it or at the 50 level just
  • 00:40:10
    like we have at the 20 level it can be
  • 00:40:13
    at the level 20 above the 20 a little
  • 00:40:15
    bit or below it everyone's going to have
  • 00:40:17
    orders that are close proximity to these
  • 00:40:20
    specific levels that's why the algorithm
  • 00:40:22
    reaches for them now institutions like
  • 00:40:25
    these levels from a generic standpoint
  • 00:40:27
    because it makes it easy for them to
  • 00:40:28
    price their models in we had two old
  • 00:40:31
    high at 117 14 that's an odd number so
  • 00:40:34
    look for the manipulation here a stop
  • 00:40:37
    run in a break-in mark structure rally
  • 00:40:39
    when we have that anticipate some
  • 00:40:42
    measure of buying and then wait for the
  • 00:40:44
    intermediate or high to be broken here
  • 00:40:45
    you're gonna lose all this there's
  • 00:40:47
    nothing wrong with that but if you want
  • 00:40:48
    high probability and you want
  • 00:40:50
    confirmation and I'm holding my fingers
  • 00:40:51
    up in quotations you want confirmation
  • 00:40:53
    this is what it looks like
  • 00:40:55
    you have an intermediate term high
  • 00:40:56
    broken with market structure and then do
  • 00:40:58
    everything I just sit here and you have
  • 00:41:00
    a complete trading model targets how to
  • 00:41:03
    know one to do it using a higher time
  • 00:41:05
    frame level what to reach for well you
  • 00:41:09
    gonna have to look for a little high to
  • 00:41:11
    run through okay so if you're buying low
  • 00:41:13
    you want to sell high where do you sell
  • 00:41:15
    high it just find it on high somewhere
  • 00:41:17
    okay and do it in that scope that as we
  • 00:41:20
    outlined here this is one example you
  • 00:41:22
    see many of examples of these going
  • 00:41:24
    forward but this is this one that is
  • 00:41:26
    available to you and you can see it in
  • 00:41:28
    your own charts and study it and seek it
  • 00:41:30
    in other pairs throughout this week that
  • 00:41:33
    we've had and find similar examples of
  • 00:41:35
    this even looking for it for shorts as
  • 00:41:37
    well but this is going to complete this
  • 00:41:39
    first introduction to optimal trade
  • 00:41:42
    entries as your first time here this is
  • 00:41:44
    what it looks like coming back down into
  • 00:41:46
    it here that's the buy okay you can buy
  • 00:41:48
    here or here and look at the dynamic
  • 00:41:51
    react reaction now with this like it is
  • 00:41:54
    on the chart I'm going to drop down into
  • 00:41:55
    an hourly chart and you'll see why I
  • 00:41:57
    like the hourly setups because they're
  • 00:41:59
    much cleaner a lot of noise when these
  • 00:42:01
    lower timeframes but same impulse like
  • 00:42:04
    here and it comes right down it's
  • 00:42:07
    beautifully here the body is respecting
  • 00:42:10
    the candle I'm sorry the body is
  • 00:42:11
    respecting the FIB level not that the
  • 00:42:13
    third level is giving them is no magic
  • 00:42:15
    in afib it's just giving a specific
  • 00:42:17
    crane
  • 00:42:18
    work for us from the best perspective we
  • 00:42:23
    could have not being on an interbank
  • 00:42:25
    level institution where you can actually
  • 00:42:28
    see because you're not seeing these are
  • 00:42:29
    worse folks you're not you know that's
  • 00:42:31
    why I laugh when folks will say you know
  • 00:42:33
    I'm looking at you know well I said I
  • 00:42:37
    wasn't gonna do those types of things
  • 00:42:38
    I'm not gonna belittle anybody else
  • 00:42:39
    because if you're making money doing
  • 00:42:41
    what you're doing you know god bless you
  • 00:42:42
    that's why I like Forex because I
  • 00:42:44
    understand the animal and the things
  • 00:42:46
    that everyone hopes they can see in the
  • 00:42:48
    little gimmicks and their indicators
  • 00:42:50
    that's what makes the opportunity
  • 00:42:52
    because it's there for us to take
  • 00:42:55
    because it's giving a sentiment it's
  • 00:42:58
    providing and molding a traders mind or
  • 00:43:03
    a trader sentiment about a market and
  • 00:43:05
    what are they gonna do instinctively
  • 00:43:08
    they're gonna react and I don't react I
  • 00:43:11
    anticipate and that's what we're going
  • 00:43:12
    to teach using just one simple pattern
  • 00:43:14
    optimal trade entry and you'll see that
  • 00:43:16
    that's all you really need you've never
  • 00:43:18
    needed anything more than that but I
  • 00:43:20
    asked back then you know things 2012 if
  • 00:43:24
    you want to go deeper and 660 some of
  • 00:43:27
    you I want really deep night they know
  • 00:43:29
    everything I know and I'm not teaching
  • 00:43:31
    another mentorship to please don't ask
  • 00:43:33
    me people are still asking that's gonna
  • 00:43:35
    be the first introduction to it
  • 00:43:37
    obviously it'll be much more refined in
  • 00:43:40
    structured as we go forward but this is
  • 00:43:42
    certainly good enough and it really
  • 00:43:45
    gives you an encapsulated view of an
  • 00:43:47
    entire breakdown from an institutional
  • 00:43:50
    price move how institutions work inside
  • 00:43:53
    the model of how price is being
  • 00:43:55
    delivered and why it should go where
  • 00:43:57
    it's going and what to setup look like
  • 00:43:59
    and where they occur but you have to
  • 00:44:01
    understand how the algorithm that makes
  • 00:44:03
    the price engines Drive up and down they
  • 00:44:06
    drop down to allow traders to pick up
  • 00:44:09
    orders at very very very low pricing and
  • 00:44:12
    then it rallies up to allow traders to
  • 00:44:16
    get out at very high high prices so in
  • 00:44:19
    between there there's opportunities to
  • 00:44:20
    trade you don't see them because you're
  • 00:44:23
    not trained or taught from Annie retails
  • 00:44:25
    perspective but I just gave you here is
  • 00:44:28
    exactly how bank level traders trade and
  • 00:44:31
    anybody that says different simply
  • 00:44:33
    doesn't know anything for what they're
  • 00:44:34
    talking about so until next time wish
  • 00:44:36
    good luck good trading and I'll catch up
  • 00:44:38
    with you next week
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