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Do you need Weekly storyline for Intraday trades? (Q&A)

AKFX · 3,103 words · 15 min read

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0:00hey yo what's popping man okay hope you

0:03guys are good so I received a little

0:04comment over here

0:05okay and um this is from my previous

0:07video they

0:09the sixth video that I've uploaded I

0:10believe bro do you really expect us

0:12intraday traders to wait weeks upon

0:14weeks for these setups to formulate

0:15majority of us are trying to capitalize

0:17on the market at least once a week all I

0:19got from this video so far is that if

0:21the weekly is consolidating we are f'd

0:23since we have to use that to even

0:25formulate intraday setups which is

0:26annoying all of them not expecting these

0:28vids to be some Holy Grail but I

0:29discovered SMC initially from you and

0:30you bragged about how SNR was way better

0:32I doubt that I've ever said SNR was way

0:35better for SMC for everybody I said that

0:37SNR was way better and more powerful

0:39than SMC for myself anyway let's move on

0:41but to be honest it doesn't seem that

0:42promising from what I've been watching

0:44since you're still waiting for breakouts

0:45to verify strong areas within premium

0:46and discount areas I will continue

0:48watching hopefully expend more on these

0:50issues in further videos that's really

0:51polite I appreciate this comment and

0:52let's talk about it so I believe I

0:54haven't actually gone into much detail

0:56in my previous video about whether you

0:57need to wait for a new weekly storyline

0:59to start every single time you want to

1:02enter from the daily the answer to that

1:04question is absolutely not right nine

1:06out of ten times okay

1:08a weekly storyline has already started

1:10nine out of ten times a weekly storyline

1:12is already in play monthly storyline

1:14maybe no because it's monthly right but

1:16nine out of 10 times every week that

1:18probably is a weekly setup okay so I'll

1:21give you an example and even if there

1:22isn't even if there isn't every single

1:24week which you should not be paying

1:25attention to that that's the biggest

1:26mistake people make is thinking that I

1:28want to enter from the daily that means

1:30I need to wait for a weekly reject

1:31weekly a daily breakup before I can

1:33start entry no you don't no you do not

1:36I'll give you an example I'll give you

1:37an example okay

1:39so you look at this area right here

1:40right hold on am I recording yes I'm

1:42recording okay so you look at this area

1:43right here where did the weekly start

1:46from well my initial thing was here this

1:48was the earliest one okay but let's say

1:49you missed that let's say you missed

1:51this area okay

1:54right weekly reject weekly

1:56daily breakup correct okay so now we

1:58know we're in weekly bullish am I right

2:00now guys after this happened one two

2:04three four for the next four weeks we

2:08were weekly bullish

2:10why do you need to wait for any other

2:12here weekly reject weekly enter from

2:14your dailies that's it

2:17that is it you do not have to

2:20wait weeks upon weeks for these setups

2:23to formulate you just waited one time

2:25bro once right for for the weekly reject

2:28weekly daily breakup after that you just

2:30entered from the daily look I'll give

2:31you an example just for the sake of of

2:32an example right

2:34so here over here once price broke

2:37weekly for the storyline correct

2:40entry opportunity

2:42entry opportunity

2:45entry opportunity

2:50entry opportunity

2:52entry opportunity

2:54entry opportunity

2:58and in case you're wondering in case

3:00you're wondering I haven't even gone

3:02into daily reject daily H4 breakout

3:04allowing you to enter from the h4s and

3:06you already have one two but let's look

3:08at the ones that actually panned out

3:10right one two

3:12this one no one two three loss four five

3:16six

3:18this one not six so just six

3:21six opportunities that actually played

3:23out actually played out and this is

3:25excluding when for example this happens

3:28right here which is daily reject daily

3:29you can start and then a H4 breakout you

3:31can start oh okay let's let's start

3:33entering from the h4s we can start doing

3:35that now that's completely ignoring that

3:37that phenomenon so we have

3:39a total of

3:41six opportunities to enter a trade right

3:44if you wanted to wait right here's one

3:47for like quality ones maybe you want to

3:49say right here's two maybe this one you

3:51got stopped out see how we have the

3:52fresh one here but this one maybe you

3:53got stopped up okay no problem no

3:55problem over here

3:57right these are all valid approaches bro

4:00you have what one two three entries

4:04this is very conservative again this is

4:06just three entries it's a completely

4:08ignoring the fact that you can enter

4:09from the H4 remember even if we have a

4:12monthly storyline that's bullish but we

4:13have a daily reject daily that's in line

4:15with the weekly and monthly right for

4:16bullish we can and we now have the

4:19ability to enter from the H4 it's the

4:21best thing to do no but we have the

4:22ability to do so right

4:24so this is just very conservative in the

4:26span of what four weeks you have three

4:28entries one two three four we have three

4:31entries and you would have so many more

4:33if you were to incorporate like right

4:36over here for example in here what do we

4:38have we have this also H4 if you want to

4:39take a counter just like that right

4:41maybe this one doesn't reach right oh no

4:43it does right and you want to take that

4:45okay fine you can do so you know that's

4:47a counter Trend but you have to be

4:48careful about that one because we have

4:49weekly bullish we have monthly bullish

4:51right we don't have any sign of daily

4:54turning bullish see we already broke up

4:56right we already broke up over here so

4:58look let me let me give you another

4:59example right over here was the easiest

5:02place for you to say oh a weekly bully

5:04storyline started correct and remember

5:05how I told you weekly never turned

5:07bearish right it could have it could

5:09have turned bearish from here but was

5:11there any stop was there any weekly stop

5:13no there wasn't was there any weekly

5:14reject weekly daily bearish breakout no

5:16there wasn't so it just it so just

5:18continue it's still weekly bullish right

5:19so if we already have a weekly bulletin

5:22storyline do we then have to say oh over

5:24here it broke up and over here it's done

5:26a weekly eject weekly of this guy see

5:27how this week comes in rejects this and

5:29the yes it's a long week but who cares

5:31the body still closes above oh this is

5:33another week no we're already in a

5:35weekly bullet storyline the only thing I

5:37can say for this is let's assume you you

5:39completely missed even this one right

5:40maybe you just weren't aware of this one

5:42then here's another chance for you to go

5:44oh weekly is a bullish storyline

5:47but I mean come on it's the most easiest

5:48thing right it's the easiest freaking

5:50thing Weekly's already in bullish but

5:51let's assume you missed this one for

5:52whatever reason you're eating Donuts or

5:53something and then you have this to fall

5:55back on weekly still bullish which is

5:57exactly why none of these weeklies over

5:59here see this weekly that's just a buy

6:00sell that's it there's no Berry

6:01storyline to start from there Buy sell

6:03prices to come in weekly reject weekly

6:05and daily bearish break none of it

6:06happened weekly still bullish that's why

6:08we showed up there's no weekly over here

6:10the stock price just an entire week so

6:12we'd have to resort to daily but the

6:13daily is all the way up here and you

6:15also have to understand right

6:17what good is there of a daily being

6:19there when we have weekly and monthly

6:21bullish storyline daily is not going to

6:23stop a monthly okay so that's the deal

6:27man so when I when I look at this

6:28comment um there's nothing wrong with

6:30this comment but when you say majority

6:31of us are trying to capitalize on the

6:33market at least once a week I think

6:34there's been a misunderstanding because

6:36you can absolutely do that you know even

6:39before this even before this run up what

6:41do we have what do we have right here

6:43weekly reject weekly and and then we had

6:46a daily breakout correct see how we had

6:47a daily breakout right here

6:51now you have all the Liberties to enter

6:53from your daily

6:55maybe maybe you couldn't find an entry

6:56that's a completely different issue but

6:58you have all the Liberties to do so

6:59right if you if you weren't confident in

7:01entry from either one of these because

7:03you have one you have two in fact you

7:04have one two three four zones to enter

7:07simply wait for a daily daily reject

7:09daily bro and it hits your H4 and check

7:11out that won't go out see this

7:16right and then Define the refiner

7:17whatever but I'm just trying to give you

7:19an example of how you would just keep

7:20writing that on if you wanted to enter

7:22over here would you go oh I need to wait

7:24for another weekly bearish to start no

7:26you already have if you're already in

7:27weekly bear storyline all you need to do

7:29is take advantage of that by entering

7:31off of your dailies and then being aware

7:33of where price could turn so where could

7:35price turn price could turn from here

7:37right ntf with this price can turn from

7:39here price could turn from these areas

7:41the reason why it turned from here

7:42specifically is because we had ourselves

7:44a

7:45monthly which is why that's a key level

7:47we had our we had ourselves a monthly

7:49with a weekly right and and yes sure it

7:52didn't respect the weekly but it's

7:53within the monthly then below this

7:55monthly you look at oh we got this one

8:00be aware of that

8:02and then for a daily

8:03that's it okay once you have that daily

8:06just go man you're just waiting just for

8:07these couple of days the reason you have

8:09to wait here is because price is in a

8:11key level you were selling the entire

8:13time you had opportunities to trade the

8:15entire time not just from the daily but

8:17from the H4 as well because we have

8:18weekly bearish and then daily also with

8:21the operation of time frames information

8:22a few people actually pay attention

8:24daily was together with the weekly so

8:26you can actually take a trade from H4

8:29right but now we have to wait just a

8:32little bit because we're in a freaking

8:33key level bro you have to wait sometimes

8:36right just a little bit so yeah

8:40uh so far is that if the weekly is

8:42consolidating we're F since we have to

8:44use that to even formulate injury set up

8:46so no you don't you don't have to use

8:47the weekly just to formulate intraday

8:49setups you could have you could have

8:51um weekly

8:54and monthly be bullish you could have

8:56weekly and monthly be bullish but then

8:58you observe let's Okay so but but you

9:01observe

9:03daily reject

9:06the resistance

9:08you could take an entry from there and

9:10just take your profits at 5200 Pips so

9:12so what am I saying weekly and monthly

9:14perfectly bullish storylines right but

9:17you observe that the daily isn't a daily

9:19reject daily right and H4 is giving you

9:21a new resistance or HR is giving you a

9:23breakout so you can enter from H4 you

9:24can absolutely take it from there as

9:26well is it high is it best no it's not

9:28best right but let's assume that this

9:30daily reject daily resistance it's not

9:31just a daily reject daily resistance in

9:33at that same area of daily reject daily

9:35was also a weekly

9:37that means that your daily reject daily

9:39would be stronger because it's MTA for

9:40the weekly does it mean like okay I'll

9:42give you an example so if we have this

9:44Weekly right here right let's say inside

9:47this weekly we had a date correct so

9:48inside this weekly let's just assume

9:50that we had a daily right just assume

9:52that let's say price on The Daily comes

9:54up so right now right now price is

9:56weakly bullish maybe even daily bullet

9:59so let's say all time frames are bullish

10:00right now price is coming up and up and

10:01up

10:02hypothetical

10:05weekly is bullish daily is bullish heck

10:07monthly is bullish right

10:10you see over here daily reject daily

10:12H4 breakup

10:15You observe that here

10:18okay now this day is also in the same

10:21area as weekly that would make your

10:24daily reject daily and H4 bearish

10:26breakout which means what daily bearish

10:28storyline started right it would make it

10:29even stronger it doesn't mean it is

10:31going to work it just means it makes it

10:33even stronger your weekly is still

10:34bullish your monthly is still bullish

10:36but not because daily reject daily that

10:38also happens to be in the same area as

10:40the weekly resistance H4 breakout now we

10:44have ourselves a daily Bearer storyline

10:46as well

10:47so so where is the waiting where is the

10:49where is the confusion we're not we're

10:51not f'd we're not f

10:53we still have one over here you just

10:54need to wait one day bro you just need

10:56to wait to win one day for price to do a

10:58rejection and hopefully the next day we

11:00have ourselves a H4 new resistance or

11:01even better next day we have ourselves a

11:03H4 bearish breakout then you can just

11:05start writing it into into the

11:07next daily writing it into the next

11:09daily that's coinciding with a weekly

11:10where you really need to be careful

11:11because that's going to continue with

11:13the weekly and the monthly storyline

11:14probably

11:16you see or just take your profit at 1500

11:18Pips like like I shared in the previous

11:20video so

11:22um all of them I'm not expecting this

11:24race to be some Holy Grail but let's go

11:25to SMC from you Brad but okay yeah

11:26that's just your opinion I completely

11:28never bragged about that from what I've

11:29been watching since you were waiting for

11:30breakouts to verify strong areas uh

11:33we're I don't see promising since you're

11:34waiting for breakouts to verify strong

11:36areas yeah of course of course you are

11:38ask any freaking SMC Trader ask Fred

11:42Michael J house

11:43do you think Mikey is gonna go like it's

11:46just just the the highest probability

11:48trade the strongest trade even though

11:50we're in a bullish rally just take a

11:51self from here buddy like I don't know

11:53how Michael Speaks anymore but you know

11:55I don't watch these videos too much but

11:56just just take a self from here no even

11:58he has stressed that you need to wait

12:01for certain things to happen

12:03waiting is a part of it bro listen man

12:05I've always struggled with impatience

12:06since young I've only worked up to be

12:08better right but don't be impatient man

12:11that's very that's an incredibly

12:13impatient mindset for you to have

12:15okay you need to wait for certain things

12:18to happen sometimes sometimes right

12:20other than that make sure you're taking

12:22full Opera take make sure you're taking

12:24all the opportunities you you can based

12:26on your trading plan

12:29um

12:30talk about that okay

12:32thank you for the comment I do

12:33appreciate this comment because it's

12:34allow me to make this video

12:35it's allow me to make this video

12:37um but yeah as I said

12:39if for example where it's a total I'll

12:40give you an example right now right now

12:42What's the storyline

12:43monthly bullish

12:52monthly weekly daily bullet story that's

12:54it okay so next week for example I'm not

12:57trying to say this is actually gonna

12:58happen but be aware of these areas

13:01be aware pay attention to these areas

13:03right and if for example we have a daily

13:06reject daily for example or something

13:07like that pay attention maybe you could

13:09take a buy from there right maybe price

13:11completely dips down

13:13attention right but before price

13:15actually dips down there will probably

13:16be some form of a setup over here more

13:20than likely prices doesn't just

13:21completely dip down right there'll

13:23probably be a couple setups over here

13:24that you can take as a counter right so

13:27you know be aware of these things and um

13:30you'll be all right so over here also

13:32you don't really need to be too aware

13:33about this I don't think you need to be

13:35too aware about this one

13:37um

13:38reason being we have monthly bullish

13:40weekly bullish this is just a daily but

13:42let's say daily does a daily reject

13:43daily if you really wanted to you could

13:44take a self from there 50 100 Pips call

13:46that you're interested call it a day

13:48that's it you're done all you take is 50

13:49to 100 Pips for intro you have to

13:51understand that fact first of all you're

13:52taking 5200 Pips boom you're out you

13:54know if you want to create other targets

13:56for yourself based on storyline that's

13:58on you but I'm telling you for me

13:59intraday 1500

14:02I'm done shots your Winery is going to

14:03be pretty good when you first start out

14:06it may not look too promising but once

14:07you go on you'll realize what to ignore

14:09what not to ignore

14:11okay so yeah man uh stay blessed um as I

14:13said before

14:15you know if you if you're trying to take

14:17an intraday right you don't have to keep

14:19on waiting before you take this trade

14:20before you take uh you know a trade from

14:21here you don't have to keep on waiting

14:23right

14:25um for weekly to show you some some BS

14:27you know if you are already in a weekly

14:30bullish storyline then what more do you

14:32want

14:36there isn't really much for you to do

14:38you're already in a weekly bully

14:39storyline there's no sign of a weekly

14:41bearish happening so you just just take

14:43it based on that there's no sign of a

14:44weekly bearish happening so you're still

14:45in weekly bullish That's it man but um

14:50anyway man you guys have a blessed day

14:51I'll see you guys next video man peace

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