YouTube transcript (aQrd75xwBS4) — Transcript

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1. 0:00[Music]
2. 0:16[Music]
3. 0:24just a real quick example on the
4. 0:27Eurodollar again let me preface it by
5. 0:30saying these examples are for your
6. 0:33learning in the benefit of activating
7. 0:36your reticular activating system that is
8. 0:38to say that the only way you're gonna be
9. 0:40able to spot these patterns in real time
10. 0:42before they unfold is for you to see
11. 0:45them routinely every single day every
12. 0:49time there's a new upload watch it and
13. 0:52fill in the dead space of your trading
14. 0:55with study time looking at old videos
15. 0:57I'm gonna make them very brief very
16. 0:59short certainly go through seaman price
17. 1:01action and that we can come back and
18. 1:03watch live analysis and you were to see
19. 1:06these things unfold as it happens only
20. 1:10those individuals that would view this
21. 1:11as useless hindsight are the ones that
22. 1:14are not going to benefit from this okay
23. 1:16so but if you're looking at it and
24. 1:20considering this as useless I'm not
25. 1:23gonna sit here and argue with you and
26. 1:24try to defend that the only way you're
27. 1:26going to learn something is by
28. 1:28repetition and the best way to do that
29. 1:30is to look at what's shown in hindsight
30. 1:32as you'll see there's repeating
31. 1:35phenomenon that take place every single
32. 1:36trading day and we look a little lower
33. 1:38timeframes from a higher time frame
34. 1:41level to see the pattern form okay so
35. 1:44looking at the hourly chart and then I'm
36. 1:47going to draw your attention to this
37. 1:48area right in here
38. 1:49we had equal lows so sell stop run how
39. 1:52do we know that price moved away sharply
40. 1:55now by itself that means absolutely
41. 1:57nothing to someone that's not interested
42. 2:00in learning how to read price action
43. 2:02from the way I teach it but from a
44. 2:04hindsight perspective it gives us a
45. 2:06great deal of value in terms of insight
46. 2:08because if we know this is a run one
47. 2:10cell stops okay these look for the
48. 2:13bullish breaker that means the high
49. 2:16between the low
50. 2:17the stock run so that's right here okay
51. 2:20so that comes in at a high of 117 20
52. 2:23nice institutional level okay I'm gonna
53. 2:25drop that on here now that's our hard
54. 2:28time frame price level all we have to do
55. 2:30is drop down into a 15-minute time frame
56. 2:33and we're gonna be looking at the time
57. 2:36of day okay now all we have to do is
58. 2:38refer to that level and wait for price
59. 2:42to break a short term high there's a
60. 2:45short term high right here so when it's
61. 2:47high is broken that's a break in market
62. 2:49structure okay so you want to use the
63. 2:52low to the high that forms once this
64. 2:55high is taken out so we'll bring in our
65. 3:00Fibonacci okay now we're all using the
66. 3:02bodies of the candles okay the high and
67. 3:04the low and here's your optimal trade
68. 3:07entry look at the respect of the bodies
69. 3:09now yes we wick through a little bit
70. 3:10here but look at the body trading out to
71. 3:13first target which is the old high and
72. 3:15then target one multiple opportunities
73. 3:18get out of target one then every traces
74. 3:21goes down below the old high and then
75. 3:24we'll look at this example as well or an
76. 3:26additional setup for this is just a
77. 3:29bonus for you guys this is the asian
78. 3:33session okay and while we eventually did
79. 3:36trade up to our symmetrical price swing
80. 3:39I'm going to refine this okay and show
81. 3:44you one more example where the low on a
82. 3:47hard time frame level price trades
83. 3:49through this short term high market
84. 3:50structure break now we also have this
85. 3:53high be missed that one you can use that
86. 3:56same pattern here high is broken so you
87. 4:00use the low up to the highest point in
88. 4:05reference to the body okay draw that up
89. 4:11like that
90. 4:12you see 62 percent a treatment level
91. 4:15nails it lovely
92. 4:17price rallies up first target yes second
93. 4:23target yes get in here and symmetrical
94. 4:28price ring exactly to the high
95. 4:30and we'll look at that in reference to
96. 4:37what's the actual price level is okay so
97. 4:41it comes in at one 1783 and the candles
98. 4:44high comes in at one 1783 can't get any
99. 4:47better than that crusade oh all right so
100. 4:50I can take any either one of these
101. 4:52traits it's just for your benefit to see
102. 4:54it see the pattern again all we're doing
103. 4:56is looking for a hard time frame level a
104. 4:58short term high to be broken measure to
105. 5:01swing or impulse leg up referencing the
106. 5:05body to body lowest body portion that
107. 5:10could either be a open or close to the
108. 5:12highest open or close in the swing high
109. 5:15that's where you anchor your reference
110. 5:16points I'm going to trace back down into
111. 5:18awesome straight entry let your by first
112. 5:21targets the old high and then look for
113. 5:23your projections on the target one and
114. 5:25target two and symmetrical price swing
115. 5:28beautiful example there hopefully you
116. 5:30found this insightful
117. 5:31until next time won't you good luck and
118. 5:32good trading