Free YouTube Transcribe

Video transcript

Dealing with Accumulations (PO3) | Trading Bootcamp - Episode 10

Andrew Macre · 10,956 words · 50 min read

Want to search this transcript, jump the video from any line, or download it as TXT, SRT, or VTT?

Open in the transcript tool

Full transcript

0:00Yo, welcome back to bootcamp episode 10.

0:03Sorry for the delays. I got a little bit

0:05sick and it not sound good. I've already

0:08made this video [ __ ] twice at this

0:09point. Did not feel well. I apologize

0:12for the delays.

0:13Um I think the last time I uploaded was

0:14like 10 days ago or 9 days ago or some

0:16[ __ ] I meant to do three drops since

0:18then, but again I got sick. I don't know

0:20what the [ __ ] it was, bro. I was just

0:21out on my ass. But hopefully you guys

0:23have been doing well. Um the bootcamp's

0:24been performing really well. There's

0:25been a lot of good comments. You guys

0:27told me to reduce the size of my camera.

0:29I reduced the size of my camera. Y'all

0:31don't like my pretty face. It's

0:33It's whatever.

0:34Um but two announcements before we get

0:35started today. Today we are going to be

0:36talking about accumulation ranges PO3,

0:38how to trade it, how to not trade it,

0:40what to wait for, all that good stuff.

0:42Um

0:42two announcements. First announcement,

0:45uh

0:45I will Wait, what the [ __ ] was it? Oh,

0:47yeah, yeah. Um

0:49Wait, what the [ __ ] was the first

0:50announcement? Maybe I only had one

0:51announcement. Yeah, okay. I'm [ __ ]

0:53tripping balls. Um I have a surprise

0:55coming in very soon. I'm actually going

0:56to my hometown tonight. I'm leaving

0:58tonight to go back to my hometown. I'm

1:00surprising my mom with a little bit of a

1:02something something. You guys will see.

1:04More information on that to come. Very,

1:05very excited, very blessed. Second

1:08update is I will be officially A lot of

1:10you guys are going to really like this

1:11one. I'm officially going to be daily

1:13live streaming again full-time like I

1:16did before, starting May 1st. So when

1:18turn of the month, end of this month,

1:20I'm going to be starting live streaming

1:21again full-time just like I did before,

1:23just like we I had been doing for 2

1:24years, back full-time. Uh the reason

1:26why, again if you weren't here, uh I

1:28took time off is A, I was doing really,

1:30really well and I wanted to be able to

1:32just kind of prioritize my own bag for a

1:33little while. I've been making money

1:35money for people for 2 years at this

1:37point. A year consistently of live

1:39trading every day. It was getting to a

1:40point where I was just getting tired and

1:42people weren't appreciating what I was

1:43doing. Um and I also didn't have enough

1:45long-form content or time to make

1:46long-form content, but we're having a

1:48little bit of a change now, so I'm I'm

1:50going to be coming back to the um the

1:52live streaming scene once the bootcamp

1:53is finished, which will be finished by

1:55May 1st. So my deadline to finish this

1:57whole series will be May 1st. I'll be

1:58live trading on May 1st every day. Maybe

2:01not as frequently, not as like all day

2:04or as long as I do, but I will be you

2:06know, I'll be doing the AM session

2:08streams every single day. Maybe not PM

2:10if I'm feeling it or whatever, but super

2:12excited to bring that back. I know you

2:13guys have been asking where where where

2:14have I been? Where where's my streams?

2:16To be honest with you guys, I needed a

2:18break. I needed to hop off for a bit.

2:19I've been doing the same thing every day

2:20for a year and a half. You get tired of

2:22it, but I miss it. I want to come back.

2:24And I've been really just making I'm

2:26making a [ __ ] ton of money, boys. I'll

2:27show you all real quick.

2:29This is today's purse. Actually

2:31yesterday's purse. I did not trade

2:33today. I've been packing up all my [ __ ]

2:35to go back to my hometown. I'll show you

2:36how much money I made on

2:39um these are my my fresh accounts from

2:41Topstep. I have four accounts or five

2:43accounts, well technically five but four

2:45accounts at Lucid that I traded Asia on.

2:48And then these are my accounts. I'll

2:49show you.

2:51Uh I'm going to get max payouts on all

2:52three of these accounts. Um I had four,

2:54but then I accidentally held a trade

2:56through uh news and it got absolutely

2:58[ __ ] annihilated. Fresh account they

3:00just kind of get cooked on. This is one

3:01of my accounts.

3:03Um see if it'll focus in there. Little

3:054K balance on it. Come on, dude.

3:07Got this nice ass camera and it just

3:08won't even

3:10There you go. 4K balance on this

3:11account. Um this is all from one trade,

3:13literally one trade. Copied 3.7 on this

3:16one.

3:17Um

3:19Come on there.

3:21Hello.

3:23You got it.

3:25Oh, maybe it's cuz it's tracking me. Oh,

3:26that's what it is. 3.7 on that account.

3:29And then three uh 4.2 on this one.

3:32So I had a 12K day yesterday. [ __ ] was

3:35[ __ ] lit. Come on. Come on.

3:38Come on.

3:39Come on.

3:41There you go. 4.2. And this is literally

3:43from one trade. So just to show you how

3:45that's uh the [ __ ] is the [ __ ] is real,

3:47bro. This [ __ ] takes time. Obviously I

3:48did not come here in one day. I did not

3:50get to this point in one day. It takes

3:52time to master this skill, especially if

3:54you're new to trading. You know, my tra

3:55my strategy my strategies can be a

3:57little bit overwhelming, a little bit

3:58much, but they are profitable and more

4:01profitable than any of the stuff that

4:02you've seen before. So very good day for

4:03me yesterday. Again, I did not trade

4:05today. I've been packing up most of my

4:06stuff. I didn't even see what was

4:07happening today. I've been trying to fix

4:09my sleep schedule. I've been doing like

4:10these crazy long nights trying to buy

4:12some crazy ass [ __ ] right now. Trying to

4:13buy a house. Trying I usually when I

4:15stream I get to update you guys on all

4:16this kind of [ __ ] but I'm actually in

4:18the process of trying to buy a house.

4:19And so it's a little bit a little bit

4:21taxing and I got to make sure that

4:22everything's straight. So

4:24Uh without further ado, um live

4:26streaming again coming back on uh May

4:271st. So I'm just let me get through this

4:29month. Let me finish up the bootcamp and

4:31then uh we'll go ahead and bring that

4:32back every single day. kick.com

4:35marketxmacri. Link will be in the bio

4:37and the description. Join the Discord.

4:38Get the indicator. Everything is there.

4:39Let's get into it. So today's concept I

4:41want to talk to you guys about is the

4:43accumulations that occur with pointers.

4:45So often times

4:47when we're looking at trading, uh

4:48everyone focuses on the winners, right?

4:50Which is super important. Like a winning

4:51a trade is incredibly important. By

4:53design, by how my model works, we win a

4:55lot of trades. Like our win rate is

4:56incredibly high. Um people that are new

4:59to a strategy often first ask what the

5:00win rate is. And I just feel like that's

5:02such a bad approach to it because you're

5:03just kind of letting your brain just

5:05like disregard anything that isn't over

5:07or under a certain number.

5:08Um I think the best way to really

5:09understand MAC is to see and that's why

5:11I live traded for so long is to

5:12literally see it every single day.

5:14That's why I was so confident live

5:15streaming every day is because I just

5:16win. Like that's just the reality of it.

5:19Um and now that I'm not doing that

5:20anymore, there's and my audience has

5:21grown, it's like it's hard to really see

5:23it when I'm not back testing in front of

5:25you, when I'm not live trading in front

5:26of you. So you kind of have to trust it.

5:27So we have back testing videos coming up

5:28very, very soon.

5:30I think we're only like three or four

5:31episodes out from finishing up like

5:32content stuff and then we have a lot

5:34[clears throat] of like specific details

5:36to work through, but back testing soon

5:39to come. But everyone focuses on the

5:40wins. But part of being a good trader is

5:42also knowing how to avoid accumulations,

5:45predict accumulating days, predict um

5:47like very rangy days.

5:49Obviously not take losses, reduce the

5:50size of your losses. Um exit out of

5:53consolidations very, very quickly.

5:54That's Those are Those are important

5:56just as, you know, the size of your

5:57alpha. You got to limit your um decay as

5:59well. So

6:00with that being said, um PO3 is a phrase

6:03that we used when we essentially

6:05structurally see three or more pointers

6:07that validate FFEGs. The logic is if

6:10FFEGs represents of line demand as we've

6:11kind of gone over, then if you have

6:13pointers, which are the reaction to a

6:16FFEG to take you to the next FFEG and we

6:19assume rule number one is true. If you

6:21remember from our pointer video, we

6:22talked about this, which is that every

6:24implied move starts and ends with a

6:25pointer FFEG. If we know this to be

6:28true, well then what we're saying is we

6:30have opposite sides of FFEGs and

6:33pointers validating those FFEGs on

6:35equally, right? Meaning the buy supply

6:36is creating the necessary volume to

6:38create a pointer to move to the next

6:39FFEG and the sell supply is creating

6:41enough volume from their pointer to move

6:43to the next FFEG, which is an

6:45accumulation, right? An accumulation

6:46represents an equivalence between the

6:48buyers and the sellers and and their

6:50pressure, right? Often times people, we

6:52talked about this in the beginning. I

6:53think episode one or two. Often times

6:55people think that an accumulation is

6:57lack of volume. It's not necessarily the

6:59case that that's true. Sometimes it's

7:00more voluminous than the actual big, you

7:02know, expansionary events that we see.

7:04Often times the accumulation is going to

7:06have way more volume because you're

7:08going to have it's like the same

7:09contested range. People are trying to

7:10build and build and build and build and

7:12then you just requires a little bit of

7:13volume transfer from one side to the

7:15other to spark the big move, right? We

7:17talked about um total float and rate of

7:20change, right? Basically with a

7:22consolidation, total floats are

7:23relatively equivalent, the volumes are

7:25equivalent and they're moving between

7:26both sides equivalently. That'll end

7:28when the total float has a small change,

7:31which then sponsors a rate of change

7:33change, meaning the people moving from

7:34one side to the other starts to increase

7:36and you build up more total float on the

7:38other side and then you have those big

7:39runs. Um so often times people talk

7:41about the accumulation, manipulation,

7:44um displacement type models. And that's

7:46exactly what every model is. I never

7:48understood why people try to like oh I

7:49trade AMD or I trade No, like everyone

7:51is trading the exact same market. It's

7:53just how you're viewing it. Um but yeah,

7:55so the way we look at accumulations is

7:58they can happen anywhere in price. Now

7:59we're going to have a couple of um we're

8:01going to have a couple of ways to get

8:02ahead of that, but they can happen

8:03anywhere in price. We're not trying to

8:04predict an accumulation. We're going to

8:06have ways to trim and reduce our

8:08contract size, um predict like to not

8:10predicting but to um estimate if we are

8:13going to accumulate. We're going to

8:15assume it would happen here. Not as a

8:16means to get out but as a means to

8:17reduce our size.

8:19Um so that if we do accumulate, we can

8:21break even or even exit in profit.

8:23That's why

8:24as weird as it is to say, when people

8:26lose money with my model, I often always

8:28will go to you didn't know something

8:30opposed to the model was wrong. Um

8:33there's been like one or two instances

8:34in way, way back in the beginning. And

8:36that's how I built the model that where

8:38it's like okay, well this is wrong and

8:39then I built rules for it. Um and PO3

8:41was one of them, right? How do How do we

8:43How do we deal with um you know,

8:45manipulation on the buy side? We dump

8:47down to the lows, but there's an

8:48equivalent amount of volume at the lows

8:49and we pull back up immediately. I

8:51always say what's the point of taking a

8:52short if the next candle after a 100

8:54point dump is a 100 point retrace?

8:56What's the point, right? The goal is to

8:58figure out where is that volume going to

8:59come in from? What is it going to look

9:01like? And how can we avoid, you know,

9:03the mental toll? Cuz you don't think

9:05about it, but

9:06if you're shown 100 points of profit and

9:07then immediately 100 point reversal,

9:10there's a problem there, right? You

9:12know, my I would I would much rather you

9:13take the trade. I would much rather you

9:15not take the trade at all, but I'd much

9:16rather you take the trade,

9:18exit with 30 points profit and none of

9:19the rest go break even or none of the

9:20less lose money assuming the

9:22consolidation, right? And then maybe

9:24take the inversion. Um you can, for the

9:28most part, not just with We're not going

9:30to really focus on context today, but

9:32with context and like just a little bit

9:34of like thinking, you can avoid most bad

9:36price action. Like generally speaking,

9:38like you can avoid chop. You can kind of

9:40see through the chop. We'll talk about

9:41that with context management, not today.

9:43Um but you can see through most of that

9:45[ __ ] Like 90% of pointers that fail,

9:47you can literally anticipate. So there's

9:50a small subsection that are a little bit

9:51harder and that just requires more time

9:53and and skill. So what is a PO3? A PO3

9:56is when, like I said, you have three or

9:58more pointers validating F F E G's.

10:00Often times some characteristics you'll

10:01see a pointers is you'll see let's first

10:03of all let's identify a really really

10:05clear accumulation. Nothing like that

10:06was moving up or down just a very clear

10:08like really really picture perfect. I

10:10mean this is all really good actually. I

10:13want to find nothing that's in like an

10:14Asia session though cuz it's going to be

10:16a little bit a little bit different.

10:18Yeah, it's a little bit

10:19Volume is there. We're going to look for

10:21New York session only.

10:23Really clean. Like this is a really good

10:25example, but I don't want to go in

10:26anywhere. I just want it to be stuck

10:27where it is. This is

10:30Come on.

10:31This could be good actually. This is a

10:33decent This is a decent example. We'll

10:35look at this range, okay? And this is

10:37the accumulation we're going to be

10:38looking at. Price delivered pretty much

10:41nowhere over this this period of time.

10:43We did move about 60 70 points, but

10:46didn't really end up going anywhere from

10:47the start of the session uh from the

10:49close of the session price didn't move

10:51that far, right? Until later in the PM

10:53session we didn't really move anywhere.

10:55Uh we can use this one. We'll find

10:56another example, too. We'll use this one

10:57to talk about. We're just going to

10:59outline this and then we're going to

11:01come to another session. Hopefully we

11:02have another one nearby that looks good.

11:04Oh, this is good, too. This is actually

11:06pretty solid. Uh we can use

11:09[ __ ] we can use all this [ __ ]

11:11Uh we can use basically all of this. And

11:13let's do one more.

11:15We'll do

11:17Holy. Okay, this is perfect, too.

11:19Literally this is this is fantastic.

11:22Um

11:23This is fantastic, too.

11:25Boom.

11:26Okay, we'll start with uh we'll start

11:28with whatever we have all the way on the

11:30right first.

11:31I don't know where that was. Okay, right

11:32here. So, wait. No, I think we had

11:34another one, didn't we? Uh maybe not.

11:36All right, so a

11:38PO3 [clears throat] like I said is

11:39defined by those three or more pointers,

11:41but we can we can kind of anticipate

11:42when that's going to happen. We can

11:43avoid that happening, but ultimately if

11:46you execute on every single pointer that

11:48forms during the creation of an

11:50accumulation, you're probably going to

11:51lose money. You're probably like you're

11:53there's just no way you can approach it

11:55and not lose money or at least

11:58you can break even for the most part.

11:59That's why a lot of the losing money on

12:02on the formation of a PO3 or the

12:05formation of an accumulation um can uh

12:08be avoided at the beginning of the

12:09accumulation. How we start to accumulate

12:11is going to be very very important. Um

12:13but once we have that accumulation, we

12:15have to stick to the rules. So, what are

12:16the rules for dealing with accumulations

12:18in price? Well, basically when you see

12:20three or more pointers, your brain goes

12:22we are now in an accumulation. And now

12:23you have to wait for one main condition.

12:26Basically

12:27the equity that is accumulating needs to

12:29take a high or low not associated with

12:32the accumulation range. This is kind of

12:34a really bad example, but it is good in

12:36some ways.

12:37Do we see price ever sustaining a move

12:40to the upside after this this low being

12:43swept here? Do we see any sustained

12:45momentum to the upside when this low

12:48this low associated with the chop is

12:50taken? We take this low here, do we see

12:52a sustained move to the upside? We see a

12:53pointer there was probably an F F E G

12:55here, right? So, this is our entry

12:57condition logic, but was it sustained?

12:59Well, the answer is no and so when would

13:01our exit be? Well, hopefully somewhere

13:03in here, but chances are if it's a PO3

13:05if it's an accumulation and it's using

13:06these F F E G's, you can clearly see

13:08them.

13:09We'll go back in time so you can, but

13:11you can kind of visualize them when you

13:12see price respecting something. You can

13:13always assume there's like some type of

13:14F F E G there

13:16or an I F E G for example.

13:18So, when we're looking at like this this

13:20chop, let's turn off

13:22I F E G's just so we can teach this.

13:25Uh let me make it a little bit easier to

13:27see.

13:28I know I've had a lot of complaints

13:29about that. There we go. So,

13:31>> [clears throat]

13:32>> when we're looking at this, we would

13:32want to hope that obviously the pointer

13:34exit would be somewhere in here, but

13:35let's just assume that we're just taking

13:36without any you know logic of PO3's.

13:40We're trying to clean up the model right

13:41now. Let's just assume that we don't

13:41know anything I'm teaching you right now

13:43and we're using this F F E G. We're

13:44taking this pointer here. We're just

13:45forgetting about PO3. Well, let's see

13:47where our exit would be on this entry.

13:49Well, let's take a look. Here's your F F

13:51E G. We see a move to the downside. When

13:52was there a chance to exit on this using

13:53pointers? Well, if you look, there

13:56really wasn't an entry even if you go

13:57down or an exit. Wasn't really a good

13:59exit until you get down to like right in

14:01here, right? So, you literally retrace

14:03back to your entry immediately. Like a

14:05little bit of points in profit. Now,

14:07what could have been done here if you

14:08did take this is obviously you could

14:10have done one of those trims like I was

14:12talking about from before. We're going

14:13to talk about that in the next episode

14:15or you're you know you're doing one of

14:16those trims and then reducing your size

14:17your added trims. We'll talk about the

14:18next episode and then your exit would be

14:20here. So, you might have made a little

14:21bit more money, but at at the most clear

14:24example of it not going anywhere so with

14:26when it's taking it. So, you want one of

14:28two things, right? You take it with that

14:29risk management I just men I just

14:31mentioned or uh you don't take it at all

14:33because what's the point of being teased

14:35this big point spread, right? Oh, [ __ ]

14:38What did I just do?

14:40The [ __ ] was that?

14:41Just opened up Roblox.

14:44Whoops. Okay, so you know what's the

14:45point of taking this this point spread

14:47here? You're getting shown 100 points

14:49and then you get that 100 point retrace,

14:50right? Because ultimately everything in

14:52the market comes down to draw on

14:53liquidity, right? Where where we start

14:55where we end. That's essentially where

14:56it comes down to. And during an

14:57accumulation, there are equal draws on

14:59liquidity. We're being drawn to the high

15:00drawn to the low at an equal equally

15:02strong rate. And so, it's just kind of

15:04like being teased for nothing. Now,

15:06obviously

15:07you know we're going to be using the

15:08untapped rules to be able to do our

15:09trimming. You can technically take this,

15:11but when that accumulation range builds

15:13itself out, it's going to use low low

15:15time frames to create that point for

15:17that exit. I decided to go to the two

15:18minute time frame to find an exit for

15:19that. And there's probably something on

15:21the one minute. I had to go to a one

15:22minute time frame to find an exit on

15:23that. That's what I mean, right? When we

15:25trade three, four, five, and six minute

15:26pointers, why we use those is because

15:28those are built for the biggest markets,

15:30right? For the biggest moves. When you

15:32have to go down a low time frame to find

15:33your entry and find your exit using a

15:35pointer, you're going to get to a very

15:37micro like accumulated market very small

15:40small range you're trying to trade. Our

15:42trades last between you know 15 minutes

15:44to 45 minutes to an hour at most. And

15:47so, with that information using a one

15:49minute doesn't make that much sense.

15:50Three through five three through six

15:52makes a little bit more sense. So, your

15:54exit using three through six isn't

15:55somewhere or two through six or whatever

15:56the [ __ ] isn't till here. You could use

15:57that lower time frame if you wanted to.

15:59Obviously, the market's able to

16:00determine the time frame of the pointer

16:02for your exit and the entry just in any

16:04implied move, but when we're looking at

16:06this, it doesn't go anywhere, right? We

16:07can see in hindsight that it didn't it

16:09didn't go anywhere. So, A you can avoid

16:10it or B you can do risk management. Um

16:13so, the rules are really simple, right?

16:15If you don't take a higher low between

16:17both equities that are PO3ing not

16:19associated with the chop. Basically like

16:21um let's say we move back to our left

16:23hand side. Always look to your left hand

16:24side. Are we taking a low not associated

16:26with chop? Well, no. Take a look. Do you

16:27see you see this little gray box right

16:29here? You can see this little gray gray

16:31up box. If you go on your indicator,

16:32double click your indicator, scroll down

16:34to ECR right here, and you can basically

16:37you can turn this off if you want to.

16:38You can turn this off if you want to and

16:40you can just turn this on. This will

16:41show you old PO3 ranges areas where we

16:43had pointer rule of three three or more

16:45pointers expressed between F F E G's.

16:47You'll see that we are manipulating. See

16:49this manipulation of it? A low

16:51associated with the chop. Meaning we

16:53don't want to use that manipulated low

16:55to trade back into the chop because

16:57trading back into the chop is not good.

16:59What you want to do is wait for a low

17:00not associated with an accumulation or

17:03basically an important low a confident

17:05low

17:07a high high probability low pair that

17:09with an untapped F F E G pair that with

17:12um

17:13a pointer and that's going to be a much

17:14better condition for trading back into

17:16the chop. We can trade a chop when we

17:19take a low not associated with the chop.

17:21Once we have the confirmation of the

17:22chop which we can kind of identify um at

17:25earliest what happened here. There's

17:27probably some lower time frame examples,

17:28but we're just going to use the five

17:29minutes to make the video easier to

17:31understand.

17:32Um we are shown PO3 at this point with

17:34the indicator. Again, you can find the

17:35pointers if you want to. You can clearly

17:37see them bullish pointer, bearish

17:38pointer, bullish pointer. You can use

17:40any time frame you want to see this

17:41bullish pointer, bearish pointer,

17:42bullish pointer. There's so many

17:43pointers in here, but by this point we

17:45can at least guarantee that we've been

17:46shown three or more pointers after the

17:49chop, right? There's not much you can do

17:51about that in a lot of cases, but

17:54once [clears throat] we've confirmed the

17:55chop, right? Once we are in this chop,

17:57we are not allowed to trade until we can

17:59manipulate a higher low not associated

18:01with this chop or any chop, right? We

18:03want to take a new low or a new high

18:06with an untapped F F E G to sponsor that

18:08move. That's going to be what's going to

18:09allow you to take manipulations back in

18:11to the chop. So, when we're looking at

18:13this and we we're looking at this this

18:14area in price, we don't want to trade

18:16essentially we don't want to trade till

18:17we can take out this Wait, you can't

18:19even see it. I'll just mark it out. We

18:20don't want to trade until we can take

18:21out this low here um this low here. I'm

18:24just going to mark them here for now.

18:25This low here and we don't want to trade

18:27till we take out this high. And the same

18:28is true for the other equity, right? So,

18:29you can mark these out for your

18:31conditions. This is where you'd want to

18:32set alerts in price and you just leave

18:33until it happens.

18:35But technically, we're missing a step

18:37here, right? What are we missing? Well,

18:38the fact that the market doesn't always

18:39have to manipulate off of a low and move

18:41higher. We can have continuations,

18:42right? When are we allowed to take

18:44continuation trades when it comes to a

18:46chop? Well, we need to make sure that we

18:48can do risk management because a

18:49continuation on a chop could still lead

18:51to a chop. Imagine for example

18:54you know we get a pointer here and then

18:55there's an untapped F F E G here and the

18:57pointer goes down here and the next

18:59candle is a pointer to the upside. A

19:01consolidation is just a bunch of you

19:02know failed pointers. So, theoretically

19:04that's something that could happen,

19:05right? So, what do we do in that

19:07situation? Well, you want to like I say

19:09all bad trades can typically be avoided

19:11before you take them. So, the only

19:13chance you'll ever take a uh

19:16a consolidation continuation meaning a

19:18breakout through a consolidation, right?

19:20Where we're saying that whatever area in

19:22the market's run out of total flow and

19:23we're able to push through that and then

19:25the pointer is the thing that will

19:26create the rate of change.

19:28What you want to wait for is risk

19:30management. What do I mean by risk

19:31management? Well, basically a pointer

19:33that allows you to have a guaranteed

19:35move. Go back to our rules on pointers.

19:37What was one of our rules? It was that a

19:39pointer is guaranteed to move to the

19:41next set of F F E G's assuming nothing

19:43is in the way. No F F E G, no I F E G.

19:45An untapped will take you to the next

19:47untapped. The way I want you to think

19:49about the market moving forward

19:51is that your untapped F F E G's I just

19:54explained this to someone like this.

19:55Your untapped FFGs are like

19:58um the external ranges of price, right?

20:01This is what's going to determine the

20:02overall structure and price. If we get

20:04pointers here, we are moving to and

20:06drawing toward the next set of untaps.

20:08But what can happen is along the way

20:11already used FFGs, weaker levels can be

20:14used to create volume to create new

20:16untapped FFGs to create new pointers

20:18from. So your FFGs are kind of like

20:20traffic and your untapped FFGs are kind

20:22of like the the

20:24uh the barriers of the road and then

20:26FFGs are going to be like the cars in

20:28your way from your destination, right?

20:30So we have a goal, but if there's an

20:31accident in front of you, let's say for

20:33example, here's your car, here's your

20:34pointer. We're trying to get to our

20:36exit, but then there's an accident in

20:37front of you, here's your FFG, okay? And

20:40then that accident, you know, causes a

20:42multi-car pileup and they have to

20:44reroute all the people to a different

20:46area. Well, then we may eventually come

20:47back to this range, but not until we

20:49come back and retest the untapped FFG.

20:51Well, it's already tapped at this point,

20:52but a new one for example, and then kind

20:54of come back to retest, right? So that's

20:56that's the idea. FFGs can create the

20:58traffic away from a range. The untapped

21:00FFGs define the distance of the range,

21:02how far we could be, what our targets

21:04are essentially. So we don't want to

21:06ever really trade this until we get a

21:07continuation pointer coming from an

21:08untapped FFG targeting an untapped FFG

21:11with nothing in the way. Meaning, for

21:13example, let's say we have an untapped

21:15FFG here, price comes into it, taps into

21:17a pointer, okay? And then there's

21:20nothing here. It's just white space. So

21:21imagine there's no IFFGs here for

21:22example. This pointer, if it leveled off

21:25here for example,

21:27we know that what what do we know about

21:29pointers? We know that every implied

21:31move starts and ends with a pointer

21:32reacting to an FFG. Let's assume that

21:35this is an untapped FFG and there's

21:37nothing else here. At minimum before the

21:39price can reverse, it has to at least go

21:41here. The reason why we want to wait for

21:44a continuation that can guarantee this

21:45principle. This is what we call the

21:47additive trim. This is a concept we're

21:49going to talk about in the next video. I

21:50might even just film it now right after

21:52this video. But basically, what this

21:54does is guarantees you this move and so

21:56you can make money by sizing in extra

21:57contracts on this transition, okay? When

22:00you do this, this buffer that you create

22:03from that transition acts as um a means

22:05to break even if the next candle is a

22:07pointer. If the next candle comes up

22:09here and it's a pointer, well then the

22:11money from this transition

22:13from this untapped FFG, right? The money

22:15from that transition will cover the the

22:16the losing cost of essentially the

22:18consolidation still maintaining itself.

22:20Cuz the consolidation's going to be

22:21built out of failed FFGs, failed

22:24pointers, right? So that's essentially

22:26how this is going to work. Um let's kind

22:28of let this play out a little bit and

22:29see if, you know, we ever had an

22:30opportunity for this.

22:32Um

22:34The additive trim idea can get a little

22:35bit a little bit hard to to understand

22:37once we really get going here. We got to

22:40turn

22:41IFFGs back on here.

22:44Okay.

22:47>> [clears throat]

22:49>> Okay, so this is a really unfortunate

22:51example of it happening

22:53um because this is going to probably

22:53confuse a lot of you since we haven't

22:55talked about additive trims. Um matter

22:57of fact, you know what? Do I need an

22:58episode on additive trims or can I just

23:00explain it now? We'll just explain it

23:01now, [ __ ] it. I'll just explain it now,

23:02okay? An additive trim

23:05is basically when you have distance

23:06between the FFG you're on and the FFG

23:10you're targeting and there's nothing in

23:11between. And so what you will do is we

23:13have a technique for adding extra

23:14contracts onto that position to then be

23:17trimmed off, additive trim, add

23:20contracts to trim. It's going to be our

23:23form of a stop loss, right? A lot of

23:24stop losses out there, excuse me, a lot

23:26of stop losses that exist out there are

23:29fixed static losses. I have a video on

23:31my YouTube channel. I think actually um

23:34I think it's called if you want, go

23:36watch it. Um

23:37I might even find a way to link it on

23:39the YouTube. It's called I think it's

23:40like literally one of the biggest

23:42mistakes I see in trading. Um

23:46I think.

23:48Did I make this? I feel like I made a

23:49video about this. Oh, yeah, yeah, yeah,

23:51yeah. It's called the one the one

23:52mistake uh everyone makes in trading or

23:54some [ __ ] This video right here is

23:55going to be a pop up on the screen

23:56somewhere now um where I talk about why

23:58static stop losses are a really bad

24:00idea.

24:00Um but a lot of people have a static

24:02stop loss and the idea is you want to

24:03have a fixed risk. You want to assume

24:05fixed risk so that if the market

24:06reverses, you're not cooked. We do the

24:08opposite, right? We're going to wait for

24:09a guaranteed move, which is something

24:11you have to study, but basically is when

24:13essentially

24:15we can we can test that a pointer with

24:17nothing in between it and next set of

24:18FFGs is guaranteed to make that move, we

24:21add extra contracts onto the trade. So

24:22let's say we had taken 10 contracts,

24:24we'll take 20. We'll trim those 10 at

24:25that low or at that FFG as an addition.

24:29So our stop loss is kind of inside of

24:30our trade and not outside of our trade,

24:32if that makes sense. That way we can

24:33kind of add on a drawdown. So if the

24:36trade does reverse, then we walk away

24:38break even essentially. That's how we

24:40don't lose trades.

24:41It's okay to be wrong about a particular

24:44um

24:45mechanical move,

24:46but losing money on it is usually a uh a

24:49flaw in how you're executing your

24:50contracts. You shouldn't lose money if

24:52you're using MAC. You shouldn't unless

24:54it's a really volatile move and the

24:55pointer spread is really big. Like,

24:57let's say, you know, you only caught 30

24:59points drawdown and then it's like a 60

25:01point pointer or some [ __ ] That's an

25:02example where you would obviously lose

25:03money, but that's really not anything

25:05that the market can control. So what do

25:07we see here? Well, this is what we call

25:09paused additive trim. A paused additive

25:11trim is where we see the price did move

25:13to this next set of FFGs. You see how we

25:15move to the next set of untapped FFGs?

25:17Well, we're coming from that untapped

25:18FFG set, but the problem is, right, is

25:22we're stuck on this one minute FFG. So

25:24the only thing stopping price from

25:26moving from here to here, it's not

25:28guaranteed, but the only thing that's

25:29stopping it is a complete inversion of

25:32this um

25:34uh IFFG. Cuz think about this IFFG,

25:36right? It's somewhere in that buy side

25:38sweep off this buy side sweep to one

25:40minute. Meaning, once we have a one

25:42minute inefficient break on this IFFG,

25:46what's going to happen is it's going to

25:47mitigate. When it mitigates, there's

25:48nothing there anymore. So once you have

25:50that one minute inefficient break over

25:52the low of the FFG, which I think it's

25:54that green line. Let me just make sure.

25:55Yes, so once we have an inefficient

25:56break on that,

25:58um boom. This right here now guarantees

26:03the transition to this next set of FFGs

26:06cuz there's nothing in the way. This

26:08this IFFG all the way back here has now

26:10been mitigated. It's gone. It's no

26:11longer a level that exists in the market

26:13anymore. There's nothing holding price

26:14back from moving to the next set. You'll

26:16see this is when we get that delivery

26:17down to our next set. So this candle

26:19right here is guaranteed to move to this

26:21next set of FFGs. This is what we call

26:23pause additive trim. So what you would

26:24have done here is you would have taken

26:27half of your your regular size on the

26:29pointer, right? We're going to talk

26:30about the techniques of this later on.

26:31We have to go back to PO3s. I just

26:32wanted to briefly explain additive

26:33trims. I'll make a little bit more of a

26:35longer explanation how we will execute

26:37this and like backtesting it, but when

26:39we're looking at this pointer right

26:40here,

26:41okay? You'll take half of your size here

26:43and then you add on that extra risk

26:44management on that inefficient break or

26:48alternatively, if this one minute held

26:50down here, right? This is a five minute

26:52sweep winner. You would use the low of

26:54the five minute sweep winner to de-risk

26:55your trade on half position. So if we

26:57start moving up using the sweep winner

26:58logic, go watch my video on sweep

27:00winners, it's on my YouTube channel.

27:01Um it's in the boot camp.

27:03It [clears throat] we are essentially

27:04validating that last, you know,

27:06inefficiency in that buy side leg, that

27:08that bullish leg. Um

27:11it's going to retrace that sweep winner

27:12move higher, right? And so we can

27:14de-risk on that move.

27:15But in this case, we don't have that. We

27:16have an inefficient break. So then we

27:17can add our extra contracts in here on

27:19this one minute inefficient break with a

27:21limit order down here. So this money in

27:23here is guaranteed to be made. So

27:25essentially, we are capturing like a

27:28free 20 points of drawdown, free stop

27:31loss. Throw a mini on that. Throw

27:33contracts on that so that when you're in

27:35these trades, you have more drawdown to

27:37work with. My biggest days come from the

27:40first day of an XFA because all it takes

27:43is one winning trade and I have $2,000

27:45of drawdown that they give me and plus

27:46all the drawdown I made on that trade.

27:47So I do most of my trading on an XFA

27:50within the first two or three days

27:51trading it. And then I just go for

27:52consistency after that cuz I don't get

27:53paid any more than what they'll pay me,

27:555K per payout, right? Like last month,

27:58like I think one of my biggest issues

28:01was I didn't have enough allocation

28:02enough firms to make as much money as I

28:04could have been making cuz I'm like, all

28:05right, well, I've already maxed out all

28:06my accounts today since I

28:09they can only pay me so much per payout,

28:12there's no point in grinding these like

28:13big ass trades. I'll just take two or

28:15three big ones and then just go for

28:16consistency over and over and over and

28:18over and I'm fine. You know, make like

28:20five, 10, 15 bands per day and then I'm

28:22just like

28:23two or three days of that and it's like,

28:24okay, well, I'll just go for consistency

28:26until I

28:27get [ __ ] kicked off these accounts,

28:28right? So once we make this transition,

28:30this move right here, see how it

28:32immediately teleports when that one

28:33minute inefficient breaks where it would

28:34pause and then move right to the level

28:36of the FFG, that was a guaranteed move.

28:39That transition allows us to make money

28:40and then reduce our positioning. So when

28:42we're in a consolidation type trade, you

28:45want to make sure you're optimizing your

28:46entry and you're taking continuations

28:48that can create that opportunity. Don't

28:50jump at opportunities that are really

28:52hard to create additive trims. So for

28:54example,

28:55imagine you have seven billion FFGs

28:57right here and then you get a pointer

28:59that looks like this and it's a sweep

29:00winner. Well, dude,

29:02you don't need to test the sweep winner

29:04because you have a trillion FFGs in

29:06here.

29:07Just wait for the [ __ ] sweep winner

29:09to come in here, right? That's not a

29:11pointer.

29:12Just wait for the sweep winner to come

29:13somewhere in here, okay? And then test

29:16it there because the FFG is what's going

29:17to control the range. Don't test a a

29:19sweep winner in the depths of like a

29:20[ __ ] hell of FFGs like this because

29:23what is stopping price from moving to

29:25the next set of FF FFGs? Well, it's not

29:27the pointer, it's the time frame of the

29:29FFG you're on. So just because we get a

29:32two minute, three minute, four minute

29:33inversion, that five minute doesn't

29:34break, it'll retrace, right? So in this

29:36case, this was a lot higher of a

29:38probability of moving because we only

29:40had one FFG to invert. We had one FFG to

29:42flip like the one last domino before the

29:44whole thing comes together. So that

29:46additive trim, this is the only type of

29:47continuation you'd want to take in here.

29:49The reason why isn't doesn't mean that

29:50the continuation is going to start from

29:53this. It could, but it's the best way to

29:55get in on the continuation if the

29:57consolidation will end in a risk-free

30:00way. Cuz now we have 20 points of stop

30:01loss so that if we get a pointer into

30:03break even on, we either walk away with

30:04profit or we walk away break even. You

30:07see my point? So we'll see how this kind

30:09of would have would have played out and

30:11how we would have been a lot safer. It

30:12doesn't look like we had an exit. And

30:13this was actually

30:15Where was this [ __ ] example when I

30:17was teaching point of range of control?

30:19Where was this example when I was

30:20teaching point of range of control?

30:21Here's an example of point of range of

30:22control. Here's the point of entry,

30:23right? And you can see literally right

30:25off the cup, look at that. We never got

30:27a pointer after this. No PO3 block

30:29showed up. We come back into the same

30:31point of range and we use it to

30:32manipulate off of. This is a perfect

30:33example of getting to add more

30:35contracts. This is beautiful because

30:36guys, look, think, right? No pointer

30:39after the after our entry, so no exit,

30:41right? We take those additive trims, we

30:43come back in, we do it again. We add our

30:46extra contracts in here. We come back

30:47in, we take we do it again, bro. We we

30:48size in some more. It's [ __ ]

30:50beautiful. And then we see that this was

30:52beautiful short. I didn't even realize

30:53this. I wasn't even looking at that. I

30:54wasn't even [ __ ] looking at this. So

30:55that was a beautiful short. We'll see if

30:56we had an exit in there at some point.

30:58Um

30:59somewhere at these lows, maybe.

31:01Um between both equities.

31:09I think just now. Literally yeah,

31:10literally just now. Just now we had one.

31:12Okay.

31:13So so

31:15this is kind of showing you what I mean,

31:16right? You want to wait to take a a

31:18continuation. Oh, I removed all my

31:19drawings. Oh, [ __ ] I forgot about that.

31:22I had those other

31:23other consolidations. You want to wait

31:25to take a continuation that can

31:26guarantee you a little bit of risk

31:27management so that if it does fall flat,

31:29you're not in a bad situation.

31:32Um now let's look for a manipulation

31:33style example. Let's turn off IFFeG's.

31:35Let's look for a manipulation example

31:37where we didn't get a breakout on a Holy

31:39[ __ ] We didn't get a breakout on a

31:40consolidation until we had took a

31:42manipulation. Um not um associated with

31:45the chop. This is crazy consolidation.

31:48Um again, this is an example of a

31:49continuation. You see how price took did

31:52not take any highs or lows associated

31:53not associated with the chop. This is

31:54London obviously in Asia, but um we

31:56didn't take any higher lows not

31:58associated with it. We didn't move

31:59anywhere. When we did move somewhere is

32:00when we probably had some type of um you

32:03have to take a look here. FFEG pointer,

32:05IFFeG, probably some type of added trim

32:08move, and there's your exit, and then

32:10probably another re-entry unless it's a

32:11swept pointer, SMT pointer, whatever.

32:13Um I'm not even really looking at that

32:15for example, but still there's

32:16continuations to take but no

32:17manipulations

32:19uh in this in this example. So let's go

32:21and let's find an example of being able

32:23to take a manipulation after the

32:25consolidation starts. We're going to

32:27look for New York only moves here.

32:29Um

32:31Okay, so

32:34Uh

32:35we're going to use both equities for

32:36this. This might be another continuation

32:38example cuz we kind of chopped there for

32:40a minute. We didn't take any new highs

32:41or lows unless ES did. I think ES did.

32:45Um no, ES did not. So again, this is

32:46just a continuation example. Right here

32:48is another continuation example. Still a

32:50great model to be in a continuation

32:52trade, just not a a manipulation from a

32:54consolidation.

32:56Um

32:57Look for another New York move here.

32:59Like I said, I don't plan these videos

33:00out, guys. I literally just hop on

33:01record. Do what I got to do. This is the

33:03most clear [ __ ] PO3 day you could

33:05ever have, right? And let's kind of talk

33:08about this day a little bit because this

33:09is one of those days where it's very

33:10easy to know when you're when and when

33:12you aren't trading. So basically

33:15uh if we're looking at like this whole

33:16this whole thing is a is a PO3. This

33:18entire range is PO3. There's your start

33:20of the day. There's all of it's

33:22literally PO3. So our PO3 counter would

33:23have started here. That's your PO3 at by

33:26this candle, probably even before this,

33:27too.

33:28Um so we're not allowed to

33:30take trades until we take highs or lows

33:31not associated with the chop. Basically

33:33those lows or those highs up there. And

33:35you can use the indicator to kind of

33:36turn that on if you want to as well. You

33:37can go down here and then you can click

33:38show levels. That way you can just kind

33:41of set your alerts at the level. You can

33:42even go in there I think set alerts

33:44automatically, too.

33:46Um I forget how that works. Yeah, so you

33:48set alerts here at the highs or there at

33:50the lows at whatever, you know, lows

33:52existed that you wanted to use. Anything

33:54not associated with that range totally

33:55fine to do.

33:56Um and you'll see the price never really

33:58went anywhere. There might be, you know,

34:00small continuation style trades you can

34:01take as long as they they have the

34:03ability to risk management on them, but

34:05price never really went anywhere, never

34:06really take took any lower high not

34:08associated with the chop. Again,

34:09consolidation continuation.

34:11Man, we're getting a lot of good

34:12examples. I promise you next video it's

34:13going to be

34:14manipulation consolidation trades just

34:16[ __ ] day in day out. Um this is a

34:18really good example of it still not

34:20working. Dude, it's so funny, bro. Every

34:22time I want to teach some [ __ ] it's

34:23just like never the concepts I need to

34:26teach.

34:27Um okay, well this is just clearly an

34:30example of what I'm talking about, just

34:31a really shitty one. Um taking a higher

34:34low not associated with the chop, still

34:35same thing there.

34:37Um this might work. It's not necessarily

34:39perfect. It's not necessarily perfect

34:41just because it is also a continuation.

34:44I want to find a

34:45really really good example of this

34:47during New York.

34:48>> [snorts]

34:49>> Okay, this might be something.

34:52Uh might be another continuation,

34:53though.

34:55Oh, ES took something here.

34:57Ah, there we go. Perfect example. So

34:59this is basically how we would use an

35:00SMT in this case. If you don't know an

35:02SMT is when one equity that you're

35:04trading takes a high or low not

35:06associated with or that the other equity

35:08may or may not have or is displaced, and

35:10so it's going to draw from liquidity

35:11from that. So if you look at this

35:12example here,

35:14um we were clearly chopping in PO3.

35:16We clarify that PO3 somewhere in here.

35:19Not going to take any trades till we

35:20take a higher low not associated with

35:21the chop. So nothing in there. So this

35:23low is obviously not associated with the

35:24chop, so clearly it's totally fine and

35:26valid to take for a manipulation style

35:28trade. And what do we see? We use the

35:30same low and whatever pointers untapped

35:31FFEG comes from this low to then take a

35:33trade back in again. And you can kind of

35:36see that with the indicator. It'll tell

35:37you that there's the SMT there. It'll

35:39outline I think yeah, right there.

35:40There's your SMT. ES took that low. We

35:42did not take it on NQ. We have basically

35:44an untapped FFEG

35:46uh pointer reaction here, I believe.

35:48Should happen. Yeah, there's your

35:49untapped FFEG.

35:53There's your pointer. There's your

35:54entry, swept pointer logic, and it's

35:57also a um pause added a trim right

35:59there. That was a pause added a trim.

36:01Take a look, guys. If you don't

36:02remember, pause added a trim is where

36:04you see that that FFEG, right? This is a

36:074-minute. This is a high probability

36:08inversion because all you need is a

36:094-minute break. Take half of your

36:11contract size on this. Wait for the

36:124-minute break. When that 4-minute break

36:14comes in, take the rest of your size.

36:15Add the rest of your size in there.

36:17Limit order at the next FFEG at the next

36:19untapped FFEG, and there you go. There's

36:21your added a trim. That's your stop loss

36:23in the trade. The stop loss in that

36:24trade would give you I think somewhere

36:26in there 30 points of drawdown all just

36:28on that trade, not including where the

36:29pointer would fall. Free 30 points of

36:31drawdown. Literally free stop loss.

36:33That's a pretty large stop loss in terms

36:35It's not really a stop loss, but you

36:36know what I mean. Like room to break

36:37even on and not lose money. Uh but stop

36:40loss is even lose money on it. So it

36:41doesn't matter. Basically your break

36:42even stop using um

36:44that principle. So yeah, so you this is

36:46a really good example of having a clear

36:47PO3 and then taking a lower high not

36:49associated with that chop. It's an SMT

36:51on ES. We take that low not associated

36:53with the chop, and then we get the

36:55displacement. And you can see the market

36:56is completely changed now. You see how

36:58it's very much expansive. Now obviously

37:00that's going to change when we take

37:01another high or another low adding new

37:03liquidity into the market, right? Moving

37:05into these FFEG's, adding that volume to

37:06the downside. And then you know, if we

37:08PO3 again, then we would want to wait

37:10for continuations that either guarantee

37:11the risk management of the added a trim

37:13or manipulations that come from highs or

37:14lows not associated with the chop. So we

37:16don't want to take trades back into the

37:17range unless we get that new higher low.

37:20Uh we also don't want to take the

37:21continuations, like I just said, without

37:23having added a trims. Um not to mention

37:26um

37:28PO3's can be kind of speculated on. Pre-

37:31not predicted. I don't want to say

37:32predicted, but you can kind of

37:33understand when they'll happen before

37:35they happen using swept pointers. Um you

37:37want to look at at every uh PO3 and

37:39understand that it's built out of swept

37:41pointers. See how we are essentially

37:43pointer pointer pointer pointer pointer?

37:45It's because we have the FFEG's on both

37:46sides of the market. We're easily

37:47reacting to them and pulling back in,

37:49invalidating, and respecting that. So

37:52that's why the PO3 works the way it

37:53does. You're essentially just equally

37:54validating, and then it's built out of

37:56weak pointers. Look at what we have in

37:58here. We have a billion and a half swept

37:59pointer, swept pointer, swept pointer.

38:01Um swept pointer.

38:03Swept pointer. Swept pointer. Probably a

38:06bunch of SMT pointers in here, too. I'm

38:07only on the 5-minute time frame. It's

38:09very rare that you'll see that many

38:10swept pointers in an actual live market.

38:11They're usually the highs and lows of

38:12reversals or in the highs and lows of a

38:14consolidation. So often times using a

38:17swept pointer, it's either not going to

38:18be fun or it's going to be really fun.

38:20So it's just your job to understand what

38:22are we reacting to to create that move.

38:24So I think that's everything I need to

38:25say about accumulations for now. Um if

38:27we look at this, I wonder if this is a

38:28good example of what I'm talking about.

38:30Um

38:32Yeah, I mean that's that's also another

38:34good example. This is a good

38:35continuation, though. So still it

38:36doesn't really apply. This might be

38:38something. Did we just look at this?

38:45No, we did not look at this.

38:48Let's take a look.

38:50Same exact deal here, I think.

38:52Same exact deal. Uh let's check ES. I

38:55think we did Yeah, boom. Same exact

38:57deal. Same exact deal in this same

38:59accumulation. Same implied move from

39:01that bullish leg. Took that bullish

39:03leg's low not associated with the chop.

39:05We can take that higher. Um it's pretty

39:07simple, guys. Your job is just to be

39:08able to go in there and find the highs

39:10and lows associated with the chop as

39:11long as they haven't been taken. Or if

39:13they've been taken, mark them out.

39:14That's all you really need to do. So

39:15like

39:16if you're in an accumulation, right?

39:19Wait a couple hours. Wait for the next

39:20session. Like for example, if like we're

39:22coming over here and in the future you

39:25want to know that this is not a higher

39:26low you want to take. You can just kind

39:27of

39:28say like hey, like PO3 low. Right? Go in

39:31there and mark that. So when price is

39:32manipulating into a level, for example,

39:34that might be in the indicator, you're

39:35not going to take that same level to

39:36take a trade off of, right? It would be

39:38kind of [ __ ] right? So like if we

39:39see

39:40like this AM low here was really the

39:42same low, but whichever one you want to

39:44use, right? You have that set right

39:46there. You say, "Okay, we have that

39:47AMLO, but it's a PO3 low. I don't want

39:49to use that to sponsor any moves."

39:50Unless, of course, ES is fine. You can

39:52do that if you want to. It's just a good

39:53annotation rule. Keeps you a little bit

39:55faster in the market. Um so, I'm trying

39:57to see if there's any more examples of

39:58this. It would be cool if we could get

39:59one more. I like to have a lot of

40:01examples when I'm teaching. That way

40:03there isn't any confusion.

40:05Um again, this is a really good

40:07consolidation continuation right here.

40:10Take a look at this consolidation

40:11continuation.

40:12What's the beefiest part of this leg?

40:14Well, these two areas here. What do we

40:15have here? 5-minute sweep pointer,

40:17probably an FVG here. And yeah, take a

40:19look. All we need to do is flip the

40:20three, flip the four. There's your sweep

40:22pointer. Super low size, and then you

40:25scale in on the rest on a three and four

40:27break. Cuz in order for this whole leg

40:29to fail, you need a three and you need a

40:31four break. So, when you have Oops. When

40:32you have both of those two things

40:33happen,

40:35we'll just be on the 4-minute time

40:36frame. A three and a four. There it is.

40:38There's your extra contracts. Take those

40:39extra contracts down to that FVG set,

40:41the on-top FVG set. I don't know where

40:43that is, right there. And then those are

40:45your extra trim Those are your extra

40:46trims to take. And there is your

40:47inversion.

40:49And there's your PO3. And so, what do we

40:50do from here? Well, we can't take a

40:52trade until we take a higher low unless

40:53it's a consol- consolidation

40:55continuation that doesn't bring us um

40:57risk management. So, we're not going to

40:59be trading until we do that. I mean, we

41:00didn't really miss much, and then the

41:01session ended anyways. This is a uh

41:04Asia set This is the 3:50 window,

41:06regardless. This is a really bad example

41:08of that, but still. We'll do another

41:10one. We'll do um

41:13consolidation continuation.

41:18Did I do Did I do videos on sweep

41:19pointers? I'm old, bro. Holy [ __ ] Did I

41:21do a video on sweep pointers? I think I

41:22did, didn't I?

41:23Pretty sure I did.

41:25Yeah. Surely I did.

41:27Wait, no, I didn't. Oh, I did. Yeah,

41:28totally did. [ __ ]

41:30Um

41:31Okay, same here, right? Non-PO3 low. Do

41:33we see PO3? We do not. Not associated

41:35with this low. We take this low. We had

41:37chop. We take this low. We sponsor move

41:38to the upside. Pretty simple [ __ ] boys.

41:41Um

41:44Oops, let's go delete those.

41:46Uh same thing here. Okay, not associated

41:49with the chop. No PO3 on the low.

41:51Mink. Mink.

41:53It's pretty simple.

41:54And then

41:57Uh this is actually pretty clean move.

41:58There's really no PO3.

42:00Um it's a continuation like on a

42:01consolidation anyways. Doesn't matter.

42:05Mm.

42:07Yeah, this one sucks. Not manipulating a

42:11uh not manipulating a non-associated

42:13low.

42:14Just a continuation consolidation. It's

42:16all it is. So, that's when we do our

42:18little risk management move.

42:20Um this is actually really, really

42:21clean.

42:22Um

42:24This is really, really clean. Take a

42:25look. Consolidation at the high,

42:27confirmed here, manipulate the low,

42:29pointer on the low, small move.

42:31Didn't really go anywhere. Take a look

42:33at ES.

42:35What's that low look like?

42:37Oh, [ __ ] Did I not put in replay there?

42:39Oh. You're kidding me. That was a really

42:41good example.

42:43Where was it at?

42:46Am I smoking that [ __ ]

42:48Was it this one?

42:50Well, this is still a shitty example.

42:51It's perfect. Okay.

42:54>> [snorts]

42:54>> Um did ES's low that it take Was it Was

42:57it associated with PO3? It was

42:58associated with PO3, so still, right?

43:01Even though this isn't, that one is. So,

43:03you got to be really careful about which

43:05one you're choosing. You got to make

43:06sure it's really clear. Whichever

43:07equity's PO3, you got to be really

43:08careful about that. Just needs a little

43:10bit of little bit of patience. This is a

43:11continuation consolidation.

43:14Uh

43:15Let's find a working example.

43:17Okay, we already did this one.

43:20I don't know how that happens.

43:22Okay.

43:24PO3

43:26righty there.

43:28This is a low. It is associated with

43:30PO3, but there's probably something back

43:31here.

43:32Um

43:35Let's see.

43:36Well, maybe on ES.

43:40Let's go right here.

43:42Oh, wait, no, it's a continuation. I

43:43didn't even realize that. It did PO3

43:45right after. See, my rules even work,

43:46and I'm not even looking for that [ __ ]

43:48Let's see where the continuation pointer

43:49was.

43:51>> [snorts]

43:52>> Mm.

43:56There was a 4-minute swept. Might have

43:57used that in the

43:59and a 6-minute swept. Okay, there it is.

44:016-minute swept, probably an FVG. Added a

44:03trim risk management move.

44:05[ __ ] is too clean, bro. Same here,

44:07didn't go anywhere. Took a manipulation

44:09on a high associated with the chop,

44:11didn't go anywhere.

44:12Um took a low not associated with the

44:13chop, didn't go anywhere. The

44:15continuations will happen after, but

44:16still. Let's go back one more One last

44:19example.

44:20One last example. I know this is a long

44:21video, but um Well, these are just clean

44:24[ __ ] Oh my god, dude. This is so clean,

44:26bro.

44:27This is literally perfect mech in real

44:28time. This is so perfect, bro. I This is

44:30like Look at this. 130 points free,

44:34bro.

44:35180 points free. Almost 400 points just

44:38between those two little trades there.

44:40Dude, [ __ ] beautiful. Not to mention

44:42the long that was probably in there and

44:43the long there. Like, dude, oh my god.

44:45Bro.

44:46Just sometimes this [ __ ] is just so wet.

44:49Um looking here. Oh my god, another

44:51consolidation continuation.

44:52Unless there's an SMT, and then maybe

44:54not.

44:58Yeah, literally just a consolidation

44:59continuation. Is what it is.

45:01Is what it is. Come on, give me one

45:03example.

45:07Uh

45:09>> [snorts]

45:09>> Okay, consolidation continuation.

45:13Mm, this isn't bad.

45:17It's [snorts] kind of associated with

45:18the chop a little bit. A little bit.

45:21A little bit. I

45:23a little bit.

45:24A little bit. We take the low. We did

45:26move. Ended up PO3ing again. Uh there's

45:28probably EQ range. We're going to be

45:29using EQ range uh as well uh when we're

45:32trading to help anticipate the chop and

45:34kind of do risk management on the chop.

45:36So, if we turn on EQ range, as long as

45:37this is Okay, well, so we have a little

45:39bit of session to work with.

45:41Um

45:44We can use I don't know if it ends at 6.

45:47Let's see.

45:49>> [snorts]

45:50>> Mm.

45:51Oh, [ __ ] Ends here.

45:53Boom. Let's go here. Let's see where

45:54that EQ range ends up falling.

45:56>> [snorts]

45:57>> Mm.

45:59Uh check ES.

46:03Oh, wait, what day was this?

46:06Well, this might have been news.

46:09That's a crazy dump. Holy [ __ ]

46:14That's insane. Okay, so EQ range a

46:15little bit displaced higher than where

46:17we are in price. So, this is probably

46:19either news day or something happened

46:20this day

46:21for that to happen. Um

46:24Wait for We'll go to a New York.

46:27One more New York. Okay, that actually

46:28This is pretty solid right here. This

46:29might be a good example. As long as

46:30there's a high.

46:33Maybe not. Maybe it's another

46:34continuation. Oh, it's 9:30 macro. Dude,

46:36I'm so out of it. Yeah, 9:30 macro. So,

46:39that doesn't even matter.

46:40Mm.

46:43Nope. Nope. Nope.

46:45Nope.

46:47Ooh. Okay, this could be good.

46:50This could be good. We failed.

46:52Um

46:55There's not much to say about this one.

46:57This one is not bad.

46:59This one's not bad. This one is pretty

47:01good. Um I don't think this is a that

47:04big of a deal. Let's check ES.

47:07This might be a good example.

47:10Okay, yeah, yeah.

47:11Price didn't necessarily go too far. It

47:14did Obviously, we're using the on-top

47:15FVG to sponsor the move. Didn't go very

47:18far. Decent enough to trade, but you

47:20want to trade it just like a risk

47:21management style trade on

47:22continuations. Like, we're not taking

47:24any highs or lows that aren't that

47:26appealing. This low, PO3 low, PO3 low.

47:29Not going to be ideal, but uh in this

47:32case with this high here after our chop,

47:34we take this high that isn't associated

47:36with the chop, and then we have that

47:37clear displacement through the lows. So,

47:39this is like probably the best example

47:42of seeing them contrasted. Here's a high

47:43not associated with the chop, no PO3 at

47:45the high, and no PO3 And there was PO3

47:47at the low. Didn't really go too far,

47:49and then obviously we continued to

47:51consolidate. Cuz imagine your exit is

47:53the same as your entry. What does it

47:54matter What's the point of that, right?

47:56So, just some uh some basic information

47:59on PO3. I know it's a super long video.

48:01If you have any questions in the

48:02comments, leave them down below for me.

48:03Happy to answer them. I do have to get

48:05on the road, bro. It's starting to rain,

48:07and I'm going to be late. So, I will see

48:08you guys in the next video. I think I'm

48:10either going to talk about techniques or

48:11sizing or trims or

48:14targets or profits or some [ __ ] Who

48:16knows?

48:17Who knows? Then we got to get into

48:18scaling accounts. We got to get into all

48:20that good stuff. But,

48:22like I said, uh if you have any

48:23questions, leave them down in the

48:24comments below. Happy to answer them. Um

48:25get the indicator. Join the Discord.

48:27Live trading coming back to you on May

48:281st. Other than that, boys, stay tuned.

48:31I will see you guys later.

This transcript was generated from the captions YouTube publishes for this video. Get the transcript of any YouTube video atfreeyoutubetranscribe.com: free, unlimited, no sign-up.