Boot Camp Day 18: FVG Pt. 3 — Transcript

Full transcript

1. 0:00welcome welcome
2. 0:02uh welcome to boot camp day who knows
3. 0:06what last day of Our Fair Value Gap
4. 0:09section
5. 0:10um I watched over
6. 0:12the second video and it wasn't as bad as
7. 0:15I thought it was
8. 0:16um so we're going to leave that one
9. 0:18there and then honestly this video there
10. 0:20isn't too much to cover besides kind of
11. 0:22recapping what we talked about in the
12. 0:24first two episodes that's kind of what
13. 0:25the third one is for just a whole recap
14. 0:27and then showing how we can put
15. 0:29everything together with it so um I do
16. 0:31think the second one was good enough and
17. 0:33we'll go a little bit more in detail
18. 0:35today on how we can use fair value gaps
19. 0:37but hey
20. 0:39we know why we want to use fair value
21. 0:42gaps we know why they're beneficial in
22. 0:43the market we know why the market reacts
23. 0:45off of them
24. 0:47um and we also know how to spot them
25. 0:49okay so with that being said today is
26. 0:52pretty much just going to be a quick
27. 0:53overview okay and then kind of putting
28. 0:55it all together how we can you know
29. 0:57actually use them to make money
30. 1:01um and honestly today's trade that we
31. 1:03took was a perfect example of it so
32. 1:06let's Jump Right In you guys
33. 1:08um so to start off okay this is going to
34. 1:10be
35. 1:11this is going to be a lot because we're
36. 1:14starting to put things together now and
37. 1:15it's no longer
38. 1:17this is what a liquidity sweep is it's
39. 1:19what a trend is it's like okay we have a
40. 1:21trend we have a liquidity Suite we have
41. 1:22a break of structure we have a fair
42. 1:23value Gap and now that you have these
43. 1:25Concepts I'm going to move forward as if
44. 1:27you guys unfully understand these things
45. 1:29okay so if you don't fully understand
46. 1:31them that's up to you to go back
47. 1:33re-watch the other videos I've made on
48. 1:35them re-watch the boot camp videos that
49. 1:37I made on them re-watch the old old
50. 1:39videos that I made on these Concepts so
51. 1:41you guys can be up to date remember
52. 1:42there's no there's nothing bad about
53. 1:45putting in extra work
54. 1:47okay so with that being said
55. 1:49here we go
56. 1:51today was a a prime time example of
57. 1:54using a fair value Gap okay so as we can
58. 1:57see here right we were in a small little
59. 2:00uptrend on the S P 500 we then proceed
60. 2:04to break structure on the 15 minute okay
61. 2:07and what do we get left with after this
62. 2:11break of structure
63. 2:12right we see a big imbalance within here
64. 2:17we see this for Value Gap is there a
65. 2:18fair value Gap within here no because
66. 2:20this Wick overlaps with this one is the
67. 2:22they're a fair value Gap within here no
68. 2:24because there's this wig overlaps with
69. 2:25this one this is the only fair value Gap
70. 2:27we saw okay scaling down
71. 2:32where is Market open and we'll talk
72. 2:34about the value that market open gives
73. 2:37us later once we've covered all the
74. 2:39building blocks but
75. 2:41we have Market open right here wait why
76. 2:44is this not right
77. 2:50oh yeah no that was correct we mark it
78. 2:53open right here
79. 2:54okay so we saw that breakup structure on
80. 2:57the 15 minute and then we see price
81. 2:58start to Rally back up into here this is
82. 3:01all during pre-market okay so we see a
83. 3:03tap into there a break of structure it
84. 3:05falls but we're not even looking at this
85. 3:08because we're fast asleep or at the gym
86. 3:10waiting for Market to open okay because
87. 3:13we we're not going to take any trades
88. 3:15that aren't off of Market open
89. 3:17okay or aren't after market open okay so
90. 3:20we see price come into this imbalance
91. 3:22this 15 minute imbalance we see regular
92. 3:25structure here okay rally back up
93. 3:27breakup structure here now okay we come
94. 3:29down make a lower low than this one okay
95. 3:31so we can kind of like confirm that okay
96. 3:33maybe we're trending down now okay and
97. 3:36then we see Market open
98. 3:38and we see a push up into this
99. 3:41another imbalance
100. 3:44within here so what did I do
101. 3:48I scaled down onto the one minute time
102. 3:51frame
103. 3:52and all I was waiting to do because now
104. 3:54we have two confirmations right we have
105. 3:56high time frame breaker structure trench
106. 4:00Trend shift okay then okay we see the
107. 4:04imbalance on the high time frame get
108. 4:06filled what do we do scale down to a
109. 4:08lower time frame boom we see a break of
110. 4:11structure okay now what are we doing
111. 4:13scaling down to an even lower time frame
112. 4:15getting a prime time entry okay we mark
113. 4:18off that five minute imbalance we see it
114. 4:20gets pushed up into here right right as
115. 4:23Market opens okay then we get a break of
116. 4:27structure right here off of this candle
117. 4:29close Okay boom you can enter into short
118. 4:33position off of that I had targets
119. 4:36um at this liquidity down here and then
120. 4:38also at this um little I guess you could
121. 4:40call it an order block right and both of
122. 4:42those take profits ended up getting hit
123. 4:43before the rest of our position got
124. 4:45stopped out at break even so hopefully
125. 4:48with that explanation we'll do a couple
126. 4:49more gives you Insight on how to use
127. 4:52these imbalances remember we are not
128. 4:55entering when these get hit or when or
129. 5:00right we're not entering right when like
130. 5:02price pushes up into here because right
131. 5:03if we did that right here we would have
132. 5:06got soft out right if we entered just
133. 5:07off of you know break of structure off
134. 5:10of you know this thing we would have got
135. 5:11stopped out I really like to use these
136. 5:14as like
137. 5:16my patient entry so essentially with
138. 5:20imbalances all I like to do with these I
139. 5:23use them for retracements so let's say
140. 5:25we get a liquidity sweep a break of
141. 5:27structure and and Market dumps right and
142. 5:30it doesn't give us a good risk reward so
143. 5:32we want we want to wait for a better
144. 5:34trade how can we wait for a better trade
145. 5:36we wait for a retracement into a fair
146. 5:38value Gap scale down to a lower time
147. 5:40frame and then find a break of structure
148. 5:42off of that because that's confirming
149. 5:44that okay price is going to continue in
150. 5:46the right direction
151. 5:47make sense
152. 5:49okay let's let's do a couple more
153. 5:50examples of of seeing how these work
154. 5:57okay so right here
155. 6:00on GJ
156. 6:02we have High time frame highs right up
157. 6:05here correct then what happens we get a
158. 6:08break of structure on the 15 minute we
159. 6:11get a sweep of liquidity a break of
160. 6:13structure on the 15 minute we have
161. 6:15multiple fair value gaps here we have a
162. 6:17fair value Gap
163. 6:19right here
164. 6:21and we also have one right up here
165. 6:24again Mark out both see how we want to
166. 6:27find a reaction okay
167. 6:30scale down into a lower time frame okay
168. 6:33we see the five minute okay break
169. 6:36structure to the upside that means okay
170. 6:38cool that means we're going to retrace
171. 6:40on the 15 minute when we see breakup
172. 6:41structure on the five minute that
173. 6:42doesn't mean oh complete Trend shift
174. 6:44that just means all right we'll probably
175. 6:46be retracing on the 15 minute because
176. 6:48the 15 minute broke structure the one
177. 6:50hour broke structure we're showing
178. 6:52bearish confirmation on higher time
179. 6:54frames than the five minutes so this
180. 6:55breaker structure to the upside is
181. 6:57telling me we are getting a retrace
182. 6:59we are retracing on the higher time
183. 7:02frames okay we see the the first
184. 7:04imbalance get filled what happens after
185. 7:07that boom break of structure off the
186. 7:09five minute how would we enter off of
187. 7:11that short position off of here stop
188. 7:14above these highs right okay where can
189. 7:18we target previous areas of liquidity we
190. 7:20could Target right here we can Target
191. 7:22this accumulation within here wherever
192. 7:26we want right liquidity all the way down
193. 7:28here
194. 7:29um and right all of these end up getting
195. 7:31hit
196. 7:32you know following this right there was
197. 7:34a big imbalance and there was a big
198. 7:36accumulation area down here on the uh
199. 7:39the one hour and the four hour all the
200. 7:41way down here this would have been a
201. 7:42great trade to take all off of just boom
202. 7:45right these two the literally three
203. 7:47simple Concepts that we've learned
204. 7:49liquidity sleep brake structure
205. 7:51imbalance fill break of structure see
206. 7:54how we can start grabbing pieces of our
207. 7:57building blocks from a strategy and we
208. 7:59haven't even gone over these steps of
209. 8:01our strategy yet we haven't even gone
210. 8:03over that yet and we can already start
211. 8:06taking these pieces and putting them
212. 8:07together to form a bias to form actual
213. 8:10um you know like understand where Market
214. 8:12wants to go and we don't even have a
215. 8:13strategy yet we don't even have our
216. 8:15executions down yet
217. 8:17right this is this is valuable stuff
218. 8:19okay so boom that's another example
219. 8:24let's go into GBP USD
220. 8:29oops
221. 8:34as you can see I marked out a little
222. 8:36imbalance within here
223. 8:37that we just filled I'm going to
224. 8:39actually remove all these drawings
225. 8:41though
226. 8:43so we can talk about it let's see
227. 8:49let's see if we can find a fair value
228. 8:52Gap getting filled
229. 9:02this is a perfect example
230. 9:06okay right here on the four hour again
231. 9:09right this is applicable to every single
232. 9:12time frame four hour we get a break of
233. 9:14structure okay we see an imbalance right
234. 9:18here
235. 9:21we also see an imbalance within here
236. 9:24okay what are we looking to do we're
237. 9:27looking to right
238. 9:29scale down into a lower time frame we
239. 9:31know that we broke structure so that
240. 9:33means at least we're going to have some
241. 9:34sort of you know move down okay we're
242. 9:37looking for a retracement okay we see
243. 9:39price rally all the way up in through
244. 9:43this past it right the second we push
245. 9:45past this no longer considering it okay
246. 9:48I no longer want it all right it's not
247. 9:50of interest to me okay then what else do
248. 9:53we have in line with this imbalance
249. 9:55right here we have liquidity liquidity
250. 9:57lying right here break of structure on
251. 9:59the four hour along with the imbalance
252. 10:01this looks perfect what does gold do
253. 10:03Spike up into that liquidity area
254. 10:09Spike up into the liquidity area boom we
255. 10:12get a break of structure on the 15
256. 10:13minute that is kind of drastic all the
257. 10:15way down here okay either you can short
258. 10:20off of this break of structure right
259. 10:22here
260. 10:24okay Target previous areas of liquidity
261. 10:26down here maybe the accumulation that
262. 10:28caused the rally up that was from right
263. 10:30here whatever you want to do maybe
264. 10:32Target the imbalance the start of the
265. 10:34imbalance right here the 50 of the
266. 10:36imbalance the end of the imbalance right
267. 10:37here whatever you want to do this is
268. 10:39just showing right we see the imbalance
269. 10:41get filled we see liquidity again two
270. 10:44building blocks liquidity getting taken
271. 10:46out imbalance getting filled boom Market
272. 10:48Falls okay you also could have scaled
273. 10:50down to even smaller time frame like the
274. 10:53five minute yeah you didn't even get a
275. 10:55break until
276. 10:56same area on the 15 minutes up
277. 10:59again another example of this working
278. 11:04let's find another example on a smaller
279. 11:07time frame
280. 11:08hopefully you guys are starting to piece
281. 11:10this together
282. 11:11start to figure out you know
283. 11:13okay this is how we can use this to our
284. 11:16to our advantage okay right here
285. 11:19right I'm literally just eyeballing this
286. 11:21stuff you know seeing whatever I see
287. 11:23right here we get a one hour break of
288. 11:25structure the upside let's look at the
289. 11:27high time frame okay we're bullish
290. 11:28because we got that daily break of
291. 11:30structure at the upside up here okay we
292. 11:32see price drag on down fill into this
293. 11:34accumulation that caused the rally up
294. 11:36all right and we'll talk about
295. 11:37accumulation and distribution later in
296. 11:40this course as well okay so we see a
297. 11:42breaker structure of the upside okay we
298. 11:44see price coming back down okay if we go
299. 11:47to the four
300. 11:49we go to the four hour we can see boom
301. 11:52we have this imbalance right within here
302. 11:57we see price boom break structure fall
303. 11:59back down within here we also have
304. 12:03one hour imbalance right in here and
305. 12:05honestly this is the one that I would
306. 12:07prioritize due to the fact that we can
307. 12:09see hey this one hour Wick fills all the
308. 12:12way up to pretty much this Wick so this
309. 12:15isn't even an imbalance we're waiting
310. 12:16for it to come down in here what does
311. 12:18price do come in here what can we do
312. 12:20scale down onto a lower time frame
313. 12:22maybe 15 minutes since we're on the
314. 12:24hourly
315. 12:26okay what are we waiting for you know
316. 12:28Trend shift Trend change okay we do get
317. 12:31a right a move here breaking structure
318. 12:33right here
319. 12:34what would I ideally want you know
320. 12:37probably for this liquidity to get taken
321. 12:40out right because as we start scaling
322. 12:42lower and lower we can see okay
323. 12:44from
324. 12:46from here and up that's not where the
325. 12:48imbalance is because this Wick filled
326. 12:51the imbalance where's the imbalance from
327. 12:52actually
328. 12:55right here from this Wick to here right
329. 12:57this is where the imbalance was this is
330. 12:58where we were not able to get filled
331. 13:00okay so we see here boom we're gonna
332. 13:02break the structure probably faking
333. 13:04people out and right if we scale down to
334. 13:06the one hour
335. 13:12uh where where was that
336. 13:14[Music]
337. 13:14um
338. 13:17whatever oh yeah if we scale down to the
339. 13:18one hour this boom it's just one hour
340. 13:20candle up we didn't get very much conver
341. 13:22uh very much confirmation on this this
342. 13:25looks like a sort of re retrace on the
343. 13:28hourly however we do see boom doji
344. 13:31candle okay
345. 13:32what is that telling us okay remember we
346. 13:36talked about candlesticks on that on
347. 13:38that uh on literally like our second day
348. 13:40doing this we talked about those doji
349. 13:42candles talking about
350. 13:44indecision in the market right we see
351. 13:46indecision within here okay we don't get
352. 13:48a we don't get a breaker structure here
353. 13:50we don't get a break of structure here
354. 13:51we don't get a break of structure here
355. 13:53boom we finally get the break of
356. 13:55structure right here on this Candlestick
357. 13:57and that honestly looks like that's when
358. 14:00the hourly broke structure as well so
359. 14:02that's two breaks of structure yup broke
360. 14:04structure or actually Road structure
361. 14:07um
362. 14:10Road structure with this Candlestick so
363. 14:12I guess you would have gotten in a bit
364. 14:13earlier
365. 14:14but still same thing we see brake
366. 14:16structure okay we see a rally on up okay
367. 14:19maybe our first take profit is up here
368. 14:22maybe you get scared because price comes
369. 14:25up a little bit
370. 14:26misses your misses your first take
371. 14:28profit
372. 14:30scares you dips down one more time into
373. 14:33this fair value Gap filling the
374. 14:34imbalance once again price rips takes
375. 14:37out previous liquidity and then in turn
376. 14:39fills the imbalance that we had within
377. 14:42here as you can see imbalance gets
378. 14:44filled what do we get smaller small
379. 14:47reaction then what happens imbalance
380. 14:49right here
381. 14:50boom gets filled brake structure rally
382. 14:54higher what happens next we target this
383. 14:56area of liquidity see how fluid this
384. 14:59moves
385. 15:02see how fluid this is
386. 15:04it is Clockwork once you start
387. 15:06understanding these Concepts I was
388. 15:09literally able to flow through [ __ ]
389. 15:13swimming through that shark
390. 15:16going over it obviously it's easier to
391. 15:18do in hindsight which is why we got to
392. 15:20practice and which is why you know we
393. 15:23gotta get experience in watching these
394. 15:25happen live okay
395. 15:28but you will be able to spot these
396. 15:31things and you will
397. 15:33be able to actually take trades off of
398. 15:35these once you start getting a feel for
399. 15:37them once you start getting used to see
400. 15:38how these markets move
401. 15:40okay I literally just laid out like six
402. 15:42five to six trades that were [ __ ]
403. 15:46baby food okay for imbalanced plays and
404. 15:49I don't even really like taking a lot of
405. 15:51Trades off of imbalances
406. 15:54to me imbalances are mainly used for
407. 15:56retracement tools to figure out where
408. 15:58Market wants to retrace to and then from
409. 16:00there I find other reasoning on why I
410. 16:01want to get in whether it's an order
411. 16:03block whether it's a break of structure
412. 16:05whether it's a liquidity sweep within an
413. 16:07imbalance then a breaker structure
414. 16:09I use it as more of a confirmation
415. 16:11rather than an entry
416. 16:13okay so that being said hopefully that
417. 16:18gives you guys a solid understanding of
418. 16:20fair value gaps and the next concept we
419. 16:23are going to move on towards is order
420. 16:25blocks okay we have liquidity sweeps
421. 16:28done break of structure done fair value
422. 16:32gaps done now on to order blocks we're
423. 16:35going to do the same thing part one part
424. 16:37two and then part three putting it all
425. 16:39together part one explaining it part two
426. 16:41spotting it in part three putting it all
427. 16:42together how we can use it as a trade
428. 16:44and a man we are starting to get a lot
429. 16:48of these pieces together after
430. 16:50um order blocks we'll go into
431. 16:51equilibrium and then from there it's
432. 16:54strategy time and you're probably
433. 16:56thinking damn man we're like getting
434. 16:57close to the end no we're not no we are
435. 17:00not because there's still a lot more to
436. 17:02talk about there's still a lot more to
437. 17:03talk about than just strategy and
438. 17:05obviously that's why we're flip-flopping
439. 17:07back and forth between psychology and
440. 17:09this trading stuff so hopefully
441. 17:12it's been two weeks now hopefully you
442. 17:14guys have seen an improvement on your
443. 17:16mental your mental discipline and if you
444. 17:18haven't
445. 17:19and you haven't been following
446. 17:21everything that we've been doing in the
447. 17:22boot camp if you haven't been doing your
448. 17:23homework
449. 17:25maybe that's something you need to get
450. 17:26on maybe that's something you need to
451. 17:28start doing okay to start improving
452. 17:30yourself all right with that being said
453. 17:32that's it for me that's it for fair
454. 17:35value gaps I'll see you guys tomorrow
455. 17:36we'll talk talking more on psychology
456. 17:38talking more on discipline and then the
457. 17:41day after that we'll get started with
458. 17:42order blocks all right hopefully you
459. 17:44guys learned something from this I'll
460. 17:45see you boys tomorrow