Full transcript
0:11all right folks welcome back this is the
0:132022 ICT mentorship on
0:17YouTube and this lesson is going to be
0:19intraday order flow and understanding
0:21the daily
0:24range all right folks we're looking at
0:27tradingview.com and you can can use this
0:30platform for free uh there are some
0:33benefits to having a membership there
0:35it's not terribly expensive but
0:37nonetheless it provides you a means of
0:41looking at charts that I show in my
0:43mentorship here and in my private
0:45mentorship group so it's the same charts
0:48that I'm producing for that community
0:51that I'm producing for you as well
0:53everything in this lecture is going to
0:54be predominantly around teaching you the
0:58elements of the e-
1:01mini setting up your daily range and
1:04your intraday layouts and I'll talk a
1:06little bit about daily profiles so that
1:09way I'll help you and I'll compare in
1:11contrast showing you what it is that
1:13you're trying to learn from me here
1:16versus what is available out there in
1:18the internet okay so that way you can
1:20decide whether or not this is going to
1:21be a worthwhile Pursuit for
1:23you these things that I'm
1:26teaching today are direct ly linked to
1:31index features okay like S&P NASDAQ and
1:35theal okay you can use the Russell
1:38200000 those are the markets that I'm
1:40targeting with the lessons the ideas
1:44of trading the Asian range and things
1:47like that they are not applicable to
1:49these markets I don't teach that to my
1:51students I want you to just focus on the
1:53things I'm going to show you in this
1:55mentorship all right first things first
1:57I'm going to get the boring stuff right
1:58out of the way
2:00whenever you're looking at Futures
2:02especially the index Futures these
2:04contracts trade with expiration dates
2:08and the months that they trade are going
2:10to be shown here es is the symbol for E
2:15mini S&P H in this example stands for
2:18March so the delivery month codes for
2:21the commodity markets H is always
2:24representing the month of
2:27March m is June U is September Z is
2:32December these are the only four months
2:34that the index Futures trade
2:38on E mini S&P e mini NASDAQ and E mini
2:42Dow
2:44okay the year obviously is what it is
2:46now if you're going to be using like for
2:48instance when I take live trades in the
2:51TDM trade they don't take their year
2:54symbol like this it's 22 but in trading
2:57view if you're pulling out the symbol
2:59like I have here
3:01e2022 that represent the Emin S&P 500
3:04contract for delivery month March year
3:082022 okay since they expire it's
3:12important for you to know that the third
3:15Friday of the
3:17month of delivery which is obviously in
3:19this example here March the third Friday
3:22of that month is expiration you do not
3:25want to be trading after expiration and
3:28the question is going to be is when when
3:29do I start trading the next month out
3:33okay this is always going to be the
3:34front month or the current month or
3:36nearby contract the month after the
3:39front month or current contract month is
3:41always going to be referred to by me as
3:43the next month
3:44out if you ever have a doubt you can go
3:47to barchart.com and you can go to the
3:51select commodity tab here this is all
3:54free you can scrub down into this list
3:57here go to S&P 500 E mini click on that
4:01it'll open up what I just showed you
4:03there and the the first one that's the
4:06cash you don't want to look at that the
4:07next contract available is March see
4:11that even gives you the little
4:13cheat right now this is considered the
4:15front month or nearby
4:18contract the open interest is what I'm
4:21watching okay so one week before
4:24expiration which is the third Friday of
4:28the delivery contract month month so
4:30third Friday of March third Friday of
4:33June third Friday of September third
4:34Friday of December roll over to a new
4:37year starts the sequence all over again
4:39March June September December real easy
4:40pattern real
4:42easy means of keeping track of where
4:44you're supposed to be at but usually
4:47around the first or second day of the
4:50week prior to expiration I start
4:52monitoring open interest and I want to
4:54be in the month that has the larger open
4:56interest number notice that the June
4:58contract only has
5:1057,124 million so this is the larger
5:13liquidity base contract month so I'm
5:16going to be trading this
5:17month if it becomes a matter of this
5:21month here has larger open interest than
5:25this one here then I'm going to be
5:28trading the next month out because I
5:30want the liquidity that's available in
5:31the larger pool liquidity offered by the
5:35most traded contract month okay so
5:37hopefully that answered that question
5:38got a lot of questions regarding
5:41that all right so now what we're looking
5:44for is an opportunity and I'm going
5:47to teach bias and specific entry
5:52techniques next week this week I'm
5:55teaching you the intraday framework and
5:57I want you to start thinking about
5:58market profiles and you're going to have
6:00homework assignments obviously for that
6:02at the end of this video but we're going
6:05to
6:07assume that you were bullish in here
6:10okay I'm going to provide proof in this
6:13video that I was bullish and I did
6:15execute with that bias in mind but but
6:18just kind of put that to the sideline I
6:20know some of you are very anxious and
6:21you're leaving comments saying can you
6:23teach me how to get in you know what you
6:26know what am I looking for I understand
6:28your excitement but take the lessons at
6:31the pace that I'm giving you because I'm
6:33giving you homework assignments and
6:35studying so that way it helps build and
6:38ingrain the understanding I'm giving you
6:40because your study time is actually
6:42going to be where the majority of your
6:43learning is going to come from I'm just
6:45giving you you know points of reference
6:47so that way you can go in and start
6:48looking at things and start seeing a
6:51reoccurring repeating
6:53phenomenon but I want to take
6:57a look at the
7:0015minute time
7:03frame all right
7:06and when you're looking at this
7:0915-minute time frame this is the Bell
7:10weather time frame this is
7:12where I'm looking for key highs and lows
7:16I'm looking for imbalances like fair
7:18value gaps and things of that nature um
7:21yes I'll look for order blocks but I'm
7:22going to try to stay away from order
7:23blocks in this lesson in this mentorship
7:25really because I have models that don't
7:28even rely on order blocks obviously I'm
7:30teaching fair value Gap here and that is
7:33the main focus because it repeats it's
7:36easy pattern it's it's there a lot but I
7:40want you to think about how you frame
7:42your day so when you're in trading view
7:44or you can do this in your own platform
7:45if you're not using trading view but I'm
7:48recommending you at least while you're
7:49going through mentorship here on YouTube
7:52to go through the process with trading
7:54view all right and then this is what you
7:57would classically see annotated in my
7:59chart for a Forex setup I'm taking you
8:03to
8:058:30 okay you're going to put a vertical
8:07line there at
8:088:30 click this clone I know this is
8:12very boring for some of you because you
8:14really want to just get in there and get
8:15to the nuts and bolts but I have new
8:18people watching the same video so I have
8:21to make this as complete as possible and
8:23try to cover all the bases and then
8:26hopefully I don't get as many
8:28emails cuz I can't keep up with them and
8:30so if you email me and I'm not
8:32responding I apologize but I just I I
8:35can't keep up with
8:37it all right so we looking
8:42at there you go that's good all right so
8:46the equal distance and time in the
8:48morning then an hour lunch New York
8:50lunch and then an equal amount of time
8:52after that okay so I want to zoom in
8:58here and in your mind I want you to
9:00think about that lunch hour and this is
9:03always New York local time okay set your
9:07trading view chart to this if you do
9:10that no matter where you are in the
9:11world you'll be able to calibrate your
9:13local time with this okay everything I'm
9:16showing you is directly linked to New
9:20York local time if you do it with any
9:21other time frame you're going to mess up
9:24you won't have the same calibrations as
9:26all my students in what I'm looking at
9:28in price because eventually I'm going to
9:29be showing you charts on my community
9:31tab that I want you to be watching
9:33before it happens but before I even
9:35start doing that I'm not going to create
9:37a train wreck by having everybody
9:39looking at charts in their own local
9:41time and not New York time and
9:43completely miss the the point and plot
9:46so once we have
9:49this I want you to think of this hour
9:58here noon to 1:00 in the
10:01afternoon New York
10:04time that is a no trade time period I
10:08don't care who tells you that they can
10:10do this and do that if you're learning
10:12from me just don't trade during that
10:14time okay not even in demo because just
10:16trust me don't do it
10:18okay as we go through the mentorship
10:21you'll understand more reasons why I
10:23just can't give everything in one video
10:24obviously I want to and I I want to do
10:274H hour long teachings but but I'm
10:29trying to make them palatable because I
10:31know majority of you don't have the
10:33attention span because you're new and
10:36you're just now discovering so I'm
10:38trying to bear that in mind when I'm
10:39making these presentations so you have
10:41your daily range on an intraday
10:45basis all set up and laid out so these
10:48are your boundaries your morning trade
10:50is between 8:30 in the morning why
10:53because there's news events that come
10:54out at
10:558:30 all the way to noon preferably
10:58around 11:00 I generally don't like to
11:00take
11:01trades after 11 o'clock in the morning
11:04now it doesn't mean I haven't or that I
11:06won't I just generally try not to I want
11:09to try to be positioned before 11:00 and
11:11hopefully be riding something into the
11:14New York lunch at noon and then you know
11:17squaring positions or taking some off if
11:19I'm going to hold through the lunch and
11:20anticipate something going through to
11:23the close and we'll talk about that when
11:24we get into
11:25profiles not volume profile okay uh the
11:30idea of the afternoon session I wasn't
11:34going to teach that
11:35but because I see a lot of nonsense on
11:39YouTube I'm going to I'm just going to
11:41teach it to you okay so it's going to be
11:43a complete daily treaties on the entire
11:47daily range of indices so that
11:51way if you're interest is in this asset
11:55class you'll have a far better chance of
11:57being successful in my opinion using the
12:00information I'm going to give you okay
12:01and I'm proving it with actual
12:03executions as you'll see later in the
12:05video all right so we're looking
12:08at prior to 8:30 what are you looking
12:10for okay I got a lot of questions in the
12:12comment section I'm reading all the
12:14comments folks I love it because it's
12:16real short little Snippets I know a lot
12:18of my students they like to send me
12:19these really long-winded appreciative
12:21emails and then they give me one chart
12:23that doesn't really explain much to me
12:25and I can't really answer it so the
12:28comment section that
12:30I'm opening up on every one of these
12:31videos if you haven't noticed I'm
12:33allowing one comment that to kind of
12:35like honor those individuals that are
12:37showing appreciation and they're not
12:38gratuitously you know looking to praise
12:40me I don't like that okay I I I like the
12:44appreciation for my time and energy and
12:47sacrifice giving it to you for free but
12:49I don't want to be worshiped okay I
12:51don't want all that kind of stuff don't
12:53call me the goat don't call me you the
12:54greatest of all time I don't like that
12:56kind of stuff but if you have something
12:58that you want me to touch on and improve
13:02a delivery or explanation of a specific
13:06thing I mentioned in a video I may
13:08already have something in a future
13:10lesson planned but if it's something
13:13that I don't have in my outline that's
13:16going to be in future videos I'll
13:18utilize the feedback I get okay so that
13:21way I understand some of you want
13:23everything all at one time and there's
13:25no way I can do the all that in one time
13:27but I am taking the feedback back I'm
13:29getting from you all and I'm using that
13:32okay but one of the questions I got was
13:35what highs and lows are we looking for
13:38that you know a stop run would be framed
13:41on or what would be the Catalyst for a
13:45stop hunt well prior to 8:30 if you look
13:48at that okay
13:50we'll just grab a horizontal
13:53Ray and we see this High here and I'm
13:57utilizing this with the benefit of
13:58hindsight
13:59cuz this is how you're going to go back
14:00and back test everything I want you to
14:02take a look at
14:05the high
14:13here and the low right
14:18here so prior to 830 and other words to
14:21the left of that on a 15-minute time
14:23frame what's the most significant or
14:27obvious swing high and swing low swing
14:29high as this it's a candle with a lower
14:31high to the left of it and a lower high
14:33to the right of it three candle pattern
14:35okay it does not matter if the candles
14:37are up or down closes you're just
14:40looking for a swing High because above
14:42that's it's going to be buy side
14:43liquidity or buy stops and a swing low
14:46prior to 8:30 that's a candle that has a
14:49higher low to the left and a higher low
14:51to the right of it it's three candles
14:53again it does not matter what
14:55the close of the candles are it has
14:58absolutely no bearing on what I'm
15:00showing you here because the swing
15:02points are where liquidity is going to
15:03be placed okay so once you have these
15:06levels on your chart on a 50-minute time
15:08frame then you can drop down into your
15:12first lower time frame for
15:15entry that's your F minute chart so
15:18let's do that now all these things will
15:20be transposed right to the 5minute Chart
15:22you won't lose anything in case you're
15:24wondering I know a lot of new people are
15:26afraid if they do something with the
15:28time frame they'll lose
15:29annotations all right so now we have
15:31this old high back here look
15:34at look at this price right there okay
15:36that's going to be the uh high price on
15:39that particular candle right there it's
15:4245145 this candle trades to 4514 A5
15:47exactly the same high when we have that
15:50but look closer we have relative equal
15:54high but we have it in multiple
15:55short-term highs that keep going higher
15:57if there's three
15:59highs they go up like that that's a
16:01classic three drives pattern uh there's
16:03a book I really enjoyed when I was in
16:05the 90s uh Linda rash and Larry Connor's
16:08uh Street smarts book um really nice
16:10little book I don't like everything in
16:12the book but I liked a few of the things
16:14that they talked about
16:17and it helped me understand stop hunts
16:21because I couldn't understand it as a
16:23developing
16:25student that
16:29why would the price want to go for those
16:31stops it didn't make any sense because
16:33the books that I had bought never really
16:35explained all that in in detail they
16:37just said trust this pattern of
16:39continuation or reversal pattern and the
16:42idea of stop hunts or raids on liquidity
16:45never really came up so it was an alien
16:50topic to me so when I started delving
16:52into the charts and started looking at
16:54it it helped me and the pattern that she
16:58and Larry mentioned in there was the
17:00three little endings pattern it sounds
17:02quirky sounds a little silly but it's
17:04basically the three drives pattern okay
17:06that means it's a swing High a higher
17:09swing High and a higher swing high so
17:11it's three times the market kept
17:12pressing up I like to see this pattern
17:14forming when there's an old high back
17:17here okay on any time frame it's
17:19Universal okay but if you ever start
17:22seeing these three drives up into an old
17:25high you don't have to see that third
17:27High take out the old High because what
17:29it's doing is
17:31it's already pressing into running out
17:34liquidity every time it creates a swing
17:35high and it starts to go down bears are
17:37trying to sell that and they're putting
17:40buy stops rating above the previous high
17:42and they keep getting taken so it's
17:45already building in liquidity and
17:48informed investors or quote unquote
17:49smart money will be already establishing
17:52short
17:53positions then the market breaks in one
17:57of the previous videos I talked about
17:58the pattern or the setup and I suggested
18:03not
18:04using a particular swing low that looks
18:06like it's been violated and why didn't
18:09that trade work out wouldn't that be a
18:11losing
18:12trade I want you to think
18:15about this idea that I teach which is
18:18displacement
18:20okay if you have a children's swimming
18:24pool okay if you have a children's
18:26swimming pool in your backyard and you
18:28fill it up and then you have an elephant
18:31just fall down inside of it what's going
18:34to happen the water's going to be
18:35displaced okay it's going to be an
18:37obvious displacement of that
18:39water rather simplistic analogy but
18:42that's what you're looking for in price
18:44when price goes above an old
18:46high and it trades down below it you
18:49want to see an obvious displacement you
18:51don't want to see it just dude like H
18:52well you know little lethargic run here
18:55that's not enough this is like that
18:59elephant falling into that children's
19:00swimming pool it's no doubt about it it
19:03really had a displacement when that
19:05occurs then you go in you start looking
19:07for the fair value
19:09G the low the high and if it trades back
19:13up into that then you can look for a
19:15short
19:18okay there's a process that you go
19:21through learning it and it's good that
19:24three of you were very critical about it
19:26but but trust me there's rules for
19:28reason and I'm not trying to hide
19:31failure because these patterns sometimes
19:33will fail you okay you'll read them
19:35wrong or they just won't work okay
19:37sometimes the market will have some kind
19:39of a news event that comes out or it
19:41just simply just rolls over top of it
19:43and goes higher goes lower that's a
19:45losing trade that's why you have to have
19:47a stop loss that's why you have to have
19:49good sound money management because if
19:50you don't have those
19:52things Murphy's Law is going to creep in
19:55and whatever can go wrong will and if
19:56you leave it open to the markets that
19:58determination how bad the Pain's going
20:00to be trust me you don't want that okay
20:03you want to limit that so now we have
20:06this previous High previous low now if
20:09we did not this is really important that
20:11you understand this part here if we
20:12don't start seeing these higher highs
20:14forming and it's just one steady run up
20:16then you anticipate a high like this to
20:18be taken out and it doesn't need to be
20:20taken out by much just trade above it
20:23and then you want to look for this
20:24energetic movement lower that's
20:25displacement where it's really animated
20:28so in other words it would look like
20:30when you're looking at your
20:33chart that's a little bit more
20:35pronounced because it went Above This
20:37previous High here you're looking at
20:40this one but as it's starting to move
20:41towards that old
20:43high remember 830 prior to that you're
20:46looking for what's this it down a swing
20:48High yes so it's trading above it here
20:51does it have an energetic break below
20:53that no it's just a very weak anemic
20:57move lower then you have another run
20:59higher here and then you have this Wick
21:02or tail come down and it quickly snaps
21:04back does that create a fair value Gap
21:06in that no it's not there yet then it
21:09goes higher here doesn't go above it
21:12matches that high but then now this High
21:15watch does it go below that yes a little
21:18bit here but it's a little anemic still
21:20but then look what we have here it
21:21trades up and then smashes down then the
21:25next candle here closes what do we have
21:27there's your fair value got
21:31that's your short and you could reach
21:33for the liquidity resting below that low
21:35that you would be identifying prior to
21:388:30 so sell side liquidity matching up
21:42with your short you sell you want to buy
21:45it back to cover that short well here's
21:47waiting sellers right down here in the
21:49form of sell
21:51stops bam hits it
21:54okay putting aside that you may not have
21:59seen this as a long entry okay maybe you
22:02didn't see this as a potential
22:03continuation of
22:05bullishness but look at these highs
22:08here what's resting above that now buy
22:12stops buy side liquidity and then what
22:14do we have here right before lunch hour
22:17it goes slightly above it and then
22:19trades down and then we're in that time
22:21of the day you don't Trade It New York
22:23lunch hour noon to one don't trade it
22:27okay do not trade it it can do a lot of
22:29weird things in that hour or simply do
22:31nothing and go sideways but either way
22:33you don't want to be a participant in
22:35that because it's
22:37just it's not usually a clean time of
22:39day for Price action so now here we have
22:42the high of the day and all the
22:44liquidity resting above here that would
22:47not have been tagged by this in other
22:48words stops are resting a little bit
22:50above that because there's a lot of
22:52people trying to sell short they want
22:54they want to see this thing go lower but
22:56we created a very important low last
22:57week and the market has already tanked a
23:00lot so it's pulling back up in the run
23:04that it created going lower on a daily
23:06chart so all these buy side liquidity
23:09pools here are going to be a reason for
23:13the market to want to reach up to that
23:16because you don't have to be a
23:17participant down here as a buyer you
23:20just need to know on the other side of
23:21lunch at 1:00 start watching and see is
23:25there an indication that this thing
23:26wants to go higher
23:34and as you can
23:38see all the buy side liquidity here was
23:42ran aggressively here but then the
23:46market trades right into the close
23:49aggressively
23:51bullish small little retracement here
23:53small little retracement here and then
23:55immediate run right into the close
23:58now obviously the market trades a little
24:00bit beyond that but this time of day
24:03expect whatever algorithms that you
24:05would expect to be driving price and
24:08price runs to pretty much cap the the
24:11majority of the volume that's going to
24:12be in that
24:15day
24:17so what I want you to think about is how
24:20the day is designed to have a morning
24:23move a lunch hour where you don't want
24:26to be trading and then the afternoon
24:30move go back through your charts and you
24:32can go back as far as you want the more
24:33you do this the better you'll get but I
24:36want you to think about creating your
24:38charts like this and then describing
24:42what the morning Trend was was it a
24:46bullish move was it a bearish move was
24:48it
24:49consolidation if it was consolidation
24:52prior to that part of the day in other
24:54words the previous day or the previous
24:55days was it bullish or bearish then
24:59because if it was bullish this is
25:00probably setting up another continuation
25:03higher especially if you start seeing
25:05these relative equal highs forming where
25:07it Paints the idea that this is retail
25:10resistance so Traders are going to think
25:12that this is going to go lower and it
25:14starts to build up a lot more interest
25:16in the form of buy side liquidity or
25:18buying interest at a high price even
25:21though those Traders may be framing the
25:22context of their trades as a short entry
25:25trying to make money going lower they're
25:27protective stop if they choose to use
25:30one it's going to be in the form of a
25:32buy stop and this is where it's going to
25:34be at so the Market's going to want to
25:36gravitate towards that especially if you
25:38start seeing the swing lows not the one
25:41in lunch time ignore that one you start
25:43seeing the swing lows that are forming
25:45every candle has a higher low to the
25:47left and higher low to the right if they
25:49start building up and every time they
25:51create a new one it's going
25:54higher that's a under pinning of the
25:57marketplace that showing accumulation it
26:00wants to go up because it wants to clean
26:03out all this here plus we've been going
26:06up for a few days on the daily
26:09chart plus the sentiment is everybody
26:12thinks it's been going down so they all
26:14want to sell short because they want to
26:15see a stock market crash but what they
26:17are failing to realize is we've already
26:19went down below a old low on the daily
26:21chart so now we're running back the
26:24other direction and anyone that's trying
26:26to sell short unless it's a real quick
26:29intraday scalp they're having their
26:31clocks
26:32cleaned so in the Aon there's a trend
26:36and one of the built-in characteristics
26:39of the afternoon is there's mechanisms
26:42that are built in that help this Market
26:46really accelerate into the close and if
26:49you studied the price action in your
26:51lower time frame charts you'll see that
26:53there's a repeating phenomenon at
26:55typically around 20 minutes to 4 and 10
26:59minutes to 4 and
27:014:00 and it's all based
27:04on Market on close orders that's really
27:07what it is okay and the algorithms will
27:09start spitting out really really
27:12aggressive pricing and forcing traders
27:15to either cover or you know get out of
27:19their trades and usually if it's going
27:21up it really just ramps up and
27:22accelerates in that direction so while I
27:27really enjoy trading the morning session
27:29because there's a lot of volatility and
27:31excitement if you're looking for if you
27:34know what your daily bias is and we'll
27:36talk about that next week if you know
27:38what your daily bias is and if you know
27:40what you're looking for in terms of
27:42range expansion on the daily chart now
27:44what what I mean by that the daily
27:46candle do you expect it to trade higher
27:48or lower you're not trying to predict
27:51you know every single daily candle's
27:54close but you're trying to determine do
27:56you think that the daily candle you're
27:57looking at forming today or what would
28:00be forming tomorrow is it more likely to
28:02be expanding higher or lower if it's
28:05expanding higher in your analysis that
28:07means you want to try to trade with the
28:09expectation to find a trade in the
28:12afternoon based on the logic that was
28:14used in the morning so in other words
28:16think about what I taught in Forex the
28:19daily range okay creating a initial high
28:22of the day and the low of the day here
28:25now this is not the time of London but
28:28this would be like what I teach as a
28:30London
28:31low in a buy day for Forex this would be
28:34the low of the day then we consolidate
28:37and then we get the New York
28:38continuation and it runs in the same
28:41direction that the London session formed
28:43but this is not London this is all New
28:46York time so there's a little bit of
28:48adjusting that needs to be taken into
28:51consideration which is why I made sure
28:53at the beginning of the video I said
28:55make sure your charts are set to New
28:57York time over here it needs to be that
29:01okay and if you don't have it like that
29:02everything you're learning here if it's
29:04at your
29:05local time in your local time zone it's
29:09it's going to be a mess so you need to
29:11calibrate your charts on trading view to
29:13that and everything I'm showing you here
29:15is it's the same thing every day every
29:17single day same thing so back to the
29:19homework
29:20assignment I want you to think
29:22about outlining what the session was in
29:26the morning and then what did session do
29:28in the afternoon sometimes what you'll
29:30see is it'll be bullish in the morning
29:33and then reverse in the afternoon or
29:35it'll be bullish in the morning and
29:37continuation higher in the afternoon and
29:40you'll get like a measured move what's a
29:42measured move whatever the morning move
29:43was it'll duplicate that twice so if it
29:47moves up 200 points in the morning the
29:50afternoon could see another 200 points
29:52in addition to that and have a 400 Point
29:54range or we could have a consolidation
29:57in the morning session
29:58and then it Trends in the afternoon
30:00higher or lower okay and I want you to
30:03go through your charts and look at that
30:05on an intay basis do your charts like
30:07this and I know it's a lot of work but
30:09you want to learn how to do it right
30:11this is how you do
30:12it then study what the daily chart was
30:16showing days before when it had days
30:20that had these nice runs like this and
30:22yesterday and previous
30:24Friday so it allows you to help find
30:28these big moves where if you're looking
30:31at other like I'm not going to say this
30:34to try to be mean-spirited CU that's not
30:36my intent here but I want you to compare
30:38and contrast like if you look around at
30:41all the folks on
30:44YouTube and again this is this is not me
30:46trying to be arrogant I just want you to
30:48understand there's a stark contrast to
30:50what I'm teaching you here and what is
30:53predominantly shown in this area of
30:58trading okay index fatures you'll see
31:01Traders that'll get in
31:05here and they get in a price like
31:08that and then they're going to make a
31:10big
31:13attempt to worry
31:16about a
31:23move like
31:25that and they'll put lots of contracts
31:27on on and you know trade this and have a
31:30whole lot of hype and anxiety about
31:32whether or not it's going to move in
31:33their favor and worry about their stop
31:35getting hit and all this stuff
31:38and I don't want you thinking like that
31:41okay I don't want you thinking like that
31:42at all I want you to think about how if
31:44this day was bullish for you say you had
31:47the benefit of knowing that through
31:48analysis you felt that this was going to
31:50go higher okay if that's the case this
31:54swing low here first swing low any
31:58importance after 130 this is really
32:01important
32:03130 I'm looking for swing highs and
32:05swing lows for the afternoon session
32:07that's what I'm looking
32:08for it's the same context that I use for
32:11the morning session I'm looking for
32:13swing highs and swing lows prior to
32:158:30 I'm looking for the first one okay
32:18I'm not needing to go back days and days
32:20and days I'm just looking for the first
32:22one it's not a complicated
32:24thing but at 130 that's usually when I'm
32:28wanting to start trading the afternoon
32:30that's the earliest but I'm preferably
32:33looking for a swing high and swing low
32:35to form at 130 why 130 because there's
32:38an algorithm macro that starts running
32:40at
32:41130 that's beyond the scope of this
32:43mentorship but just trust me there is
32:46something going on that creates movement
32:49at 130 in the New York session okay in
32:53equity market so when that occurs all
32:56we're looking for or what I'm looking
32:58for is a swing High and a swing low and
33:00then that same basis of looking for a
33:03stop hunt in the morning like we
33:05described here I'm looking for the same
33:06thing here that's it same thing so now
33:09think about this I'm I'm thinking that
33:12these stops are in Jeopardy because it's
33:14too clean the level's too clean straight
33:17line edges in the market they don't tend
33:20to stay like that there's going to be a
33:22disruption the Market's been going
33:24higher hasn't it
33:26yes there this pent
33:31up aggression that this Market wants to
33:35go higher but it's seeing short-term
33:37resistance here here it tried it a
33:39little bit here and then retraced inside
33:41the lunch hour the algorithm
33:44reserved the price run until later in
33:47the day now watch what happens this
33:50swing low here gets violated right
33:54there see
33:56that That Swing Low gets violated right
33:58there that small little stop Hunt is all
34:01that's necessary that will start what is
34:04called a buy program a by program is
34:07when the algorithms go into the process
34:10of spooling spooling is where it just
34:12continuously keeps offering higher
34:14prices if it's a buy program it just
34:16keeps offering higher prices it does not
34:17matter what the volume is it does not
34:20matter and I don't care who you know who
34:22worked at at the exchange I don't care
34:25trust me when I tell you if you go
34:27through the charts you're going to see
34:29this okay look at the volume that comes
34:33in sometimes it'll be good volume and
34:35another like why is this happening right
34:39that's that's your signature that's how
34:40you know that this is being completely
34:44manipulated so if it's being manipulated
34:46doesn't it stand profitable for you to
34:49know what it's likely to do not if
34:51you're going know it all the time you're
34:53not going to know I don't know it all
34:54the time but these things tend to repeat
34:57and if they repeat a majority of time
35:00not every
35:01day but the majority of time if these
35:04things are in alignment if they start
35:06showing the same
35:07fingerprints it's probably going to pan
35:10out and then you can start
35:12doing long
35:14entries and then hold for the close
35:18don't get in here and try to trade these
35:19little Mickey Mouse moves and worry
35:22about them and over leverage and try to
35:24put more contracts on than your account
35:28can really weather because if you don't
35:29know what you're
35:30doing cheap leverage discount leverage
35:34can murder you can absolutely murder you
35:37and especially in these kind of markets
35:39they're very fast markets right now I'm
35:40loving it but it's very quick violent
35:44volatility and if you don't know what
35:46you're
35:47doing you can literally be dismantled
35:51very quickly expediently okay
35:54so inside this area
35:58the market creates a swing low runs
36:00through this low stop hunt so the stops
36:03below here what sell
36:05stops buy those sell stops I know it
36:09feels scary but go through your charts
36:11and you'll see many examples of this
36:12happening it's the same thing took place
36:14over
36:15here buy the sell stops that are resting
36:18below here and expect this level to be
36:21taken
36:24out consolidation through lunch at after
36:271:30 in the afternoon wait for a swing
36:29low to be
36:30violated and then rally what if you
36:32don't get a swing low that trades below
36:34it what do you look for well you look
36:36for a move higher that's
36:39sudden displacement
36:42higher then look for a fair value Gap if
36:45it trades back down in the fair value
36:46Gap you buy that there's your two
36:48patterns that's it that's the only two
36:50patterns you need you don't need 15
36:52different gimmicky names okay you don't
36:54need Breakers you don't need an order
36:56block
36:57see how easy that is very simple
36:59strategy very very simple strategy you
37:02have a trade one way or the other and
37:05the logic has to be there for either one
37:07of them to
37:08form now I was not in the EM Min S&P
37:14today I was trading NASDAQ so let's go
37:16over to NASDAQ and I'm going to save
37:18time and not put all the lipstick on the
37:20chart I hope you can allow me that
37:25but here is 130
37:28we have a swing low there and it's
37:30basically almost the same low as that
37:32one so what's happening
37:34here what's that it's trading down below
37:37it see
37:39that look further to the
37:42left what's
37:45that fair value
37:47Gap man it can't be that easy it can't
37:50be that easy these relative equal highs
37:52what's above that buy side
37:53liquidity
37:55okay watch I'm going to drop into a one
38:00minute
38:03chart scrub back
38:07here
38:11to
38:14130 and I don't need to do 20 contracts
38:19or 10
38:20contracts to do like a
38:22$20,000
38:24day that's kind of like the flavor of
38:26the month right now
38:28and if you
38:32look at this low and this low here what
38:35are those they're relative equal lows so
38:38that's going to be viewed as what
38:39support retail support and they're going
38:41to buy those little runs here they're
38:44basically going to chase that so if you
38:47look at
38:48this through the scope
38:51of below this
38:54level there's sell stops and you think
38:57it's going to go
38:58higher like I believed it was going to
39:00go higher
39:01today I want to be buying those stops
39:05all right so say you're watching price
39:07it's Meandering through through through
39:10and then all of a sudden That Swing Low
39:13forms right there and we had this low
39:16here and we had this sudden drop down
39:18when you see that if you're watching it
39:21on a like a one minute chart that's
39:23going to look so Dynamic
39:25so aggressive if you're zoomed in it's
39:28going to feel like the floor has just
39:31dropped out but that's exactly what
39:34you're looking for to
39:36buy now you
39:39see fellas out there on YouTube You're
39:42Going To See by contrast there are folks
39:45out there that are trying to
39:48trade you know just a handful of ticks
39:51with a lot of contracts that to me
39:53doesn't make any sense but if that works
39:57for you did great okay but I want you to
39:59think about in comparison and by
40:01contrast what seems more logical for you
40:05to feel it's worth more to pursue in
40:09study and learning how to do something
40:11like that where it's risk a lot put a
40:15lot behind the trade and try to get just
40:17a little bit of a move or now this is a
40:21demo account okay but I did trade live
40:23today too but just for the purposes of
40:25teaching the content
40:29right
40:30there that low is the lowest
40:34candle it rallies all the way up okay
40:39and then right
40:41here that was a
40:43close there's a better way to do this if
40:46you know what you're looking for you can
40:48be very very precise about it you can be
40:51dialed
40:52in
40:54like nobody's business like it is
40:58unbelievable in terms of the predictable
41:01nature of these markets especially these
41:03markets because they're they're traded
41:04by a lot of Institutions and a lot of
41:06professional Traders the manipulation
41:09that takes place in these markets is
41:11still there but it's not
41:14as well vulgar or ruthless as it is
41:20sometimes in Forex the inbank markets
41:22man they can really really you know do
41:25you dirty quick and more fre
41:27frequently the Futures Market they tend
41:31to be a little bit more cleaner a little
41:33bit more predictable much more nicer in
41:36their delivery now there are times when
41:38reports come out or something you know
41:41unannounced comes into the world scene
41:44and causes
41:45volatility when that occurs then you'll
41:48get that noisy look to price action just
41:52stand on the sidelines wait for things
41:53to smooth out it may not be that same
41:55trading day it may require you a day or
41:57or maybe even a week let the markets go
41:59back into sync and then they'll start
42:02delivering very nice again but the the
42:05main thing I want you to take away is
42:08that you know showing entries like this
42:11and ex and
42:12stuff it's
42:15not it's not all that much of a big deal
42:21okay but it becomes a sticking point
42:25okay a stumbling block
42:27for people that want to try to learn how
42:29to do this because if you lay it in
42:31front of them they have to have lots of
42:34contracts to do something to be
42:38profitable in such a small little move
42:40to me it
42:42communicates that that person that's
42:44trying to trade like that whether it's
42:46the person that created the system or
42:47someone that's trying to learn the
42:48system they really have no idea how
42:52price works and how it books because if
42:54they did they wouldn't be trying to take
42:55these little tiny little micro out of
42:57the marketplace they would be trading
42:59like I'm showing you here
43:03so if you were to think to yourself hey
43:07I want to know what it's like to be in a
43:10move where I can be
43:12comfortable knowing that the daily range
43:14is going to unfold and I'm just going to
43:16submit to
43:17it well these markets offer that Forex
43:21offers it too but right now in the last
43:24couple months really Forex has been
43:26rather funky okay and because of that we
43:30have transitioned to index
43:32Futures there are times of the year
43:35where I teach index Futures Trading
43:37because they're predominantly more
43:40liquid and or if there's no real topic
43:43for me to teach to my paid mentorship
43:44group I'll say I got nothing for you for
43:47Forex and then I'll point to Something
43:49in Futures it may be a commodity market
43:51like last year I told everybody buy the
43:53gray Market say were're going to have a
43:54huge bull market boom they went up it's
43:57a matter of knowing how to navigate the
43:59price action okay but these markets here
44:02except for the sun summer months and
44:05that being like July and August those
44:08months can be a little uh hit or miss
44:12but the rest of the year they tend to be
44:16really nice markets so if you're looking
44:17to have your trading business framed on
44:20a asset class that is really nice it's
44:23professionally delivered where it's not
44:27like a bucket shop you know penny stock
44:29type Market it's these markets are
44:32really nice they're very systematic in
44:34the way they do do things and they
44:36repeat but if you don't know what you're
44:38looking for or understanding Behind
44:40These mechanics that I'm outlining here
44:43at the very basic
44:45level then you can obviously hurt
44:47yourself still
44:49so right away I'm showing you that there
44:51are
44:52times in the day that you want to be
44:54looking for setups you're not trying to
44:56do 25 trades you're not trying to do 30
44:59trades you're not in there trying to
45:01Micro Scalp you're looking for the real
45:04moves in the morning and the real moves
45:05in the afternoon and preferably if you
45:08get 1 in the morning you don't trade in
45:09the afternoon go to a demo and practice
45:12there don't give the money back to the
45:13marketplace especially while you're you
45:15know you're new don't do that and I'm
45:18actually telling you not to trade with
45:19live funds but I know a lot of you like
45:23to see things that are traded with a
45:26live account like it's a real um account
45:29that shows entries and and things of
45:33that nature and that's the things I'm
45:35doing this year okay I'm not going to do
45:37it in 2023 I'm not going to do it
45:40forever okay I did it so that way my
45:43students can feel at ease about it
45:46because even in my in my paid mentorship
45:48group I don't trade live funds there
45:51because for my protection I'm doing what
45:52I'm showing you right here in a demo but
45:54I've been showing Live account trades
45:56this to approved it it works so
45:59hopefully you found this insightful and
46:01until I'll talk to you on Thursday be
46:03safe