YouTube transcript (J9G1j3-e1GU) — Transcript

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1. 0:00Good morning, folks. How are you?
2. 0:02All right, so I'll make this real short
3. 0:03uh
4. 0:04a little late, so
5. 0:06we'll get into that later this
6. 0:08afternoon.
7. 0:09>> [clears throat]
8. 0:09>> But, the um
9. 0:11daily chart here, we were talking about
10. 0:13lower prices all back here.
11. 0:15Drop down into our objectives here.
12. 0:18And during the other
13. 0:20short little
14. 0:22reviews and whatnot, you saw me annotate
15. 0:25this
16. 0:26area in here.
17. 0:27And there's a down close candle
18. 0:30right there, and it has a gap to the
19. 0:33left of it.
20. 0:34So, it's already been used
21. 0:37to set up a bullish order block.
22. 0:40Deep discount from where we were up
23. 0:42here.
24. 0:43Opening price is changing state delivery
25. 0:45on a daily chart.
26. 0:46It's not going to just go there and
27. 0:47stop. It's going to dig down underneath
28. 0:49it a little bit.
29. 0:50And we saw that happening here.
30. 0:52Okay, so
31. 0:54um when it got down below
32. 0:56consequent encroachment of
33. 1:00this inefficiency, which is a
34. 1:02bullish
35. 1:04discount array.
36. 1:06It's in a deep discount, and it's a
37. 1:08suspension block. So, it has a volume
38. 1:09imbalance at the top end, and a volume
39. 1:11imbalance at the low end.
40. 1:13It's midpoint, right here,
41. 1:15is consequent encroachment.
42. 1:17You're going to get a bounce. You're
43. 1:18going to get some kind of a pop. You're
44. 1:20going to get some kind of reaction here
45. 1:21cuz it's a daily chart. Okay? Um even if
46. 1:24this thing keeps rolling lower,
47. 1:27it still worthwhile to hunt something in
48. 1:29here. So, just be mindful that that
49. 1:32price level around 27,665.5
50. 1:37or less,
51. 1:38um if if there's something in that
52. 1:40vicinity,
53. 1:43it's usually something that's going to
54. 1:44give you a nice pop, especially if time
55. 1:46of day
56. 1:47comes in agreement. Just remember, we
57. 1:48were talking about this before the week
58. 1:49started. It's going to go up there, and
59. 1:51then come down. Okay, so everybody else
60. 1:54is playing catch-up ball. We're going to
61. 1:56go into 1-minute chart.
62. 2:03I'm going to get all that stuff
63. 2:05later this afternoon.
64. 2:07That is still cooking.
65. 2:10So, we have
66. 2:15the market trading down into that lower
67. 2:16by side balance sell side inefficiency,
68. 2:18suspension block of this covered on the
69. 2:20daily chart. And so, that's the full
70. 2:21range of it here
71. 2:24in the shaded gray area.
72. 2:26And that's the midpoint or consequent
73. 2:27encroachment.
74. 2:29And notice how we started right at the
75. 2:30gate at 9:30 open.
76. 2:33We had this little bit of tiny little
77. 2:34move up
78. 2:36keeping the relative equal highs here.
79. 2:37So, when this drops down like this, what
80. 2:39do you think it's forming?
81. 2:41What do you What do you think that's
82. 2:42forming
83. 2:43as I teach price action?
84. 2:46It's a market maker buy model.
85. 2:49And right in here, we're trading down to
86. 2:53an octant
87. 2:55in here.
88. 2:57So, here's consequent encroachment of
89. 2:58that
90. 3:00daily bullish suspension block.
91. 3:04octant
92. 3:05lower quadrant
93. 3:09And then, we have
94. 3:10a lower octant than the low
95. 3:13of the daily suspension block.
96. 3:15So, we're in a nice deep discount. I
97. 3:17love when they do this. They give you
98. 3:18one, two, three. They keep probing,
99. 3:21getting people to chase it, go lower.
100. 3:24And we left a minor buy side liquidity
101. 3:26pool here.
102. 3:27So, two things are going to happen.
103. 3:29Number one, we're going to see price
104. 3:31accumulate all of the engineered sell
105. 3:32side liquidity here.
106. 3:34And then, they lay down a wick.
107. 3:37Wonderful, because I want to try to get
108. 3:40in
109. 3:41in this area here around that wick.
110. 3:44And when it starts printing potentially
111. 3:49retail
112. 3:51uh
113. 3:51>> [clears throat]
114. 3:51>> continuation patterns like a bear flag
115. 3:53which literally like bubble gum I just
116. 3:55chew them up all the time. The
117. 3:57the idea of seeing this thing go higher
118. 3:59even goes
119. 4:01further
120. 4:02in the odds of probability.
121. 4:05So, it trades softer.
122. 4:07Smart money reversal
123. 4:09low risk buy
124. 4:11first stage accumulation, second stage
125. 4:13reaccumulation run all the way up to
126. 4:17this target here.
127. 4:18Which was my
128. 4:20terminus for the trade for the regular
129. 4:22trading hour session.
130. 4:24Okay, unfortunately,
131. 4:26real life comes into the play sometimes
132. 4:29and
133. 4:30it's very difficult to see
134. 4:36there. Okay.
135. 4:38We'll keep it there, right?
136. 4:39There and it'll make sense later today.
137. 4:43So, there's the target I was looking
138. 4:45for.
139. 4:47Okay, and I was unable to sit with it.
140. 4:48My wife informed me that the
141. 4:52your sister-in-law
142. 4:53who is a
143. 4:55type 1 diabetic and newly married and
144. 4:59pregnant and she's deep into her
145. 5:02pregnancy. So,
146. 5:04um she's having complications with
147. 5:06pre-eclampsia. I think that's what they
148. 5:08said it was.
149. 5:09Um her blood pressure is really high. I
150. 5:10don't know how this is important to you,
151. 5:11but obviously we had to go and
152. 5:14and go rally around and see what's going
153. 5:16on and and provide moral support. So, I
154. 5:19wasn't able to watch him and manage. So,
155. 5:21I recorded the entire thing.
156. 5:23Um which I'm thankful I was able to do
157. 5:25that. But, the the market's going to
158. 5:27draw from down here up into old areas
159. 5:31where it was a sell-off over a premium
160. 5:34array.
161. 5:35So, it's used as a
162. 5:37bear shorter block here. I'm sorry,
163. 5:38bearish fair value gap here.
164. 5:40And a bearish
165. 5:43fair value gap there and then makes a
166. 5:44smart money reversal.
167. 5:46Uh I was trying to time it
168. 5:49as we were dipping below
169. 5:51the wick
170. 5:53the midpoint of that wick right there.
171. 5:54Let me raise this up to I think doesn't
172. 5:56keep jumping up in front of it.
173. 5:57So, right there that mid mid line right
174. 5:59there. Anything below that or at that
175. 6:02level is perfect entry.
176. 6:05Like perfect entry.
177. 6:07But
178. 6:08it rallies up. All these annotations
179. 6:09were written as it happened.
180. 6:11I I gave you a sped up version of it
181. 6:13because I didn't have much time. I had
182. 6:14to skedaddle get out of the house. But
183. 6:17the
184. 6:19the uh
185. 6:25the sped up versions usually bring a
186. 6:28whole lot of
187. 6:31hissing and moaning like, "Oh, he's
188. 6:32speeding up cuz he's trying to hide
189. 6:33something." So,
190. 6:35when I got home last night
191. 6:36I uploaded the slow real-time version.
192. 6:39No edited time. It's It's exactly how it
193. 6:42would have happened. It's about an hour
194. 6:44long. And I know 99% of you are not
195. 6:46going to watch that.
196. 6:48And that's why you're not going to learn
197. 6:49how to do this properly.
198. 6:50You're not going to learn it. You're not
199. 6:52going to learn by 5-minute trainers.
200. 6:53You're not going to learn by me seeing a
201. 6:55market run perfectly like I want and I
202. 6:57speed up the video because I'm coddling
203. 6:59your short-term attention span.
204. 7:01Okay? You have to broaden your minds.
205. 7:03Okay? You have to do that type of stuff
206. 7:05and allow more information to come in.
207. 7:07So, down here smart money reversal.
208. 7:11Draw towards the consolidation original
209. 7:13consolidation. And then right above that
210. 7:16we have
211. 7:17this
212. 7:18Okay? This was my This is where I was
213. 7:20aiming for.
214. 7:21And I ended up taking off
215. 7:24I only had three contracts going. I was
216. 7:25going to build it up, but
217. 7:28my wife was on the phone. I could tell
218. 7:29the drama was coming, so I just kept it
219. 7:31what it was.
220. 7:34But don't worry. Daddy's got something
221. 7:36to show you like
222. 7:38later today.
223. 7:39So, here's the uh executions and
224. 7:42the business they are here.
225. 7:45So, right in here, look at that. Look at
226. 7:46the entry there. See that? It's below
227. 7:47the wick. See that right there?
228. 7:49It's It's probably random. And there's
229. 7:51my
230. 7:53little aggressive aggressive uh
231. 7:56entry. I wanted to get in there and make
232. 7:57sure that I had something in addition
233. 7:59to.
234. 8:00So, I built that up there. So, three
235. 8:02contracts.
236. 8:04And again, you can see those prices.
237. 8:06And then
238. 8:08market rallied up and I I drew this out.
239. 8:11It came up above. It came back down in.
240. 8:13This wick went through it and I
241. 8:15had this annotation. I said, "I want to
242. 8:16show you without having to talk."
243. 8:19Cuz I know I wasn't going to have any
244. 8:20audio in the video.
245. 8:21But when that came into this inversion
246. 8:23for value gap, I already had it typed
247. 8:24down. Now, watch how it delivers. And it
248. 8:26gave me a little wick right here. So,
249. 8:27you know what that is. It's a mohawk.
250. 8:29Okay? Look where the bodies are.
251. 8:31The bodies can't even lay down or
252. 8:32outside of this inversion for value gap.
253. 8:34That's bullish. So, that's why I took
254. 8:36the annotation and drew it right down
255. 8:38there.
256. 8:39Keeping you in in the same idea that
257. 8:41watch how it's going to go higher.
258. 8:43Cuz you can see where my objectives
259. 8:44were.
260. 8:45I changed 9 9:30 opening price for
261. 8:48regular trading hours yesterday's
262. 8:50opening price here at 9:30.
263. 8:53I added next partial. So, I wanted to
264. 8:55take my second partial there and then
265. 8:57the last one would be here. Okay?
266. 8:59Um
267. 9:00I wanted to take one off here just to
268. 9:01teach you all
269. 9:03how to graduate into understanding
270. 9:05market maker buy models, sell models.
271. 9:07So, there were smooth edges in here.
272. 9:09When the price went above that,
273. 9:13Let me bring it here. Let's see if I can
274. 9:14get this thing to show up. It's not
275. 9:16working with me here.
276. 9:17There it is.
277. 9:18See it? Right underneath my own cursor.
278. 9:20Right here.
279. 9:22That was my first partial.
280. 9:25And then right above here,
281. 9:28minor buy side
282. 9:30right there.
283. 9:33And then finally
284. 9:35the wife said, "We got to go." And
285. 9:37here was. So I said just give me a
286. 9:39moment let me hurry up and button up
287. 9:41something real quick. Made a compressed
288. 9:42version, sped the video up so that way
289. 9:44you can see it. A screenshot,
290. 9:47shared those and there's the
291. 9:499:30 price getting hit
292. 9:51and then this was left up there.
293. 9:54Okay, so
294. 9:56it goes to that price level right there
295. 9:58and that actually is the high of regular
296. 9:59trading hours.
297. 10:00So now I want you to understand
298. 10:02something children.
299. 10:04This is the man buying the low
300. 10:07and expecting and knowing exactly where
301. 10:09the high's going to be at.
302. 10:11Again, you see me do this on weekly
303. 10:12charts. You see me do this on weekly
304. 10:14ranges. You see me do this on second
305. 10:16charts,
306. 10:17daily charts, session highs and lows.
307. 10:20Okay, there's something a little bit
308. 10:22different over here. Okay, but that's
309. 10:24going to be it for today cuz it's going
310. 10:26to be very long-winded otherwise and I
311. 10:27want to get prepped for a long nap and
312. 10:30if [clears throat] I can get what I need
313. 10:31to get done this morning
314. 10:33and get some rest, I'll come back and
315. 10:34show you all the fun stuff on the hard
316. 10:37right edge that you can't see right now.
317. 10:39Hint hint, nudge nudge.