Boot Camp Day 20: Order Blocks — Transcript

Full transcript

1. 0:06are you guys ready for another boot camp
2. 0:09day in the in in the learning
3. 0:12all right sorry
4. 0:15Focus
5. 0:19[ __ ] that might get actually I'm not
6. 0:22even monetized hey
7. 0:25I read my set Jay on 4pf on GDK come up
8. 0:30on my block
9. 0:41wait what the [ __ ] this [ __ ] is wrong
10. 0:52on 4pf J full Pockets foe
11. 0:57faux Pockets faux
12. 1:02what's your go-to order Wendy's
13. 1:06why you wear number 44 because I get
14. 1:08that damn Wendy's Fofo
15. 1:10on GDK on crib on BDS
16. 1:14[Laughter]
17. 1:16all right anyways
18. 1:19let's get into it boot camp day number
19. 1:28I don't [ __ ] know anyways we're gonna
20. 1:31learn about order Cox order blocks today
21. 1:33[ __ ]
22. 1:35all right let's actually Focus we're
23. 1:36gonna learn about order blocks today
24. 1:38um per usual with our little building
25. 1:41block series of our
26. 1:44um strategy we are going to you know the
27. 1:47first day is literally just me talking
28. 1:49about why we want to use them
29. 1:52um why they're useful to us you know
30. 1:54usually a quick little overview of uh
31. 1:56why we're using them what they do how
32. 1:58they act um and how they're beneficial
33. 2:00to us in the market and then day two is
34. 2:02how we can spot them and then day three
35. 2:03is putting it all together and um I'm
36. 2:06honestly really excited for day three
37. 2:07because
38. 2:09um after that I mean I'm honestly more
39. 2:11excited for when we can finish up
40. 2:12equilibrium and then we can start
41. 2:14getting into like you know putting
42. 2:16everything together and we're literally
43. 2:18gonna do like three days in a row of
44. 2:19like it's going to be like day one
45. 2:21putting everything together day two
46. 2:22putting everything together day three
47. 2:24putting everything together and it's
48. 2:25literally just gonna be us on the charts
49. 2:27just like you know like look boom boom
50. 2:29boom boom boom Market flowing off of
51. 2:32everything that we just learned
52. 2:34um but yeah with that being said let's
53. 2:36talk about order blocks let's talk about
54. 2:37what they are let's talk about why
55. 2:39they're beneficial to us so
56. 2:41um what is a order block so if you guys
57. 2:43remember
58. 2:45um when we talked about liquidity sweeps
59. 2:48uh remember right in order for there to
60. 2:51be a liquidity sweep right we have to
61. 2:53either take out a high or a low right in
62. 2:55that and by taking out a high there has
63. 2:57to be a move up and by taking out a low
64. 2:59there has to be a move down you know
65. 3:01prior to the you know break of structure
66. 3:05that ends up Shifting the market
67. 3:07structure right and essentially all in
68. 3:10order block is is that move up that
69. 3:13causes the liquidity sweep
70. 3:15you know and then boom when liquidity
71. 3:17gets swept orders get filled right
72. 3:19that's why it's called an order block
73. 3:20because it's literally like boom the
74. 3:23move up
75. 3:24right this is this whole price range
76. 3:28is where the orders were filled and then
77. 3:31in turn right let's say we had like a
78. 3:33like this was the high or something we
79. 3:36sweep this liquidity or whatever and
80. 3:38then we break structure right on this
81. 3:41move up
82. 3:42right here this is where orders were
83. 3:44able to get filled
84. 3:46right so that's that's essentially what
85. 3:48our order block is and and we'll talk
86. 3:50more um in two days about
87. 3:52uh how we can how can how we can spot
88. 3:54them but essentially that move up or
89. 3:57that move down taking out liquidity
90. 3:59where orders are being filled is our
91. 4:01order block okay so why is this
92. 4:03beneficial to us and why would we want
93. 4:05to know you know why we want to use that
94. 4:07because
95. 4:09one it's just beneficial knowing the
96. 4:11terminology and understanding that hey
97. 4:13this move down or this move up is what
98. 4:16caused those orders to be filled and
99. 4:18that's that move up and that move down
100. 4:20right that that price range is where all
101. 4:22these orders were filled so with that
102. 4:24understanding right we know that okay we
103. 4:27have a little uptrend and then boom okay
104. 4:30right here is where orders were filled
105. 4:33so if price hold on that looks super
106. 4:36shitty
107. 4:37um if price was able to or if the market
108. 4:40makers were able to
109. 4:42fill their orders with this leg up and
110. 4:46within this price range
111. 4:48similarly to how fair value gaps right
112. 4:52they want to push price back within this
113. 4:55price range
114. 4:56right similar to fair value gaps how
115. 4:59they would want to you know push price
116. 5:00back into a price range to fill more
117. 5:02orders to you know either move the
118. 5:04market down further or move the market
119. 5:06up further
120. 5:07um same thing with this so right they
121. 5:10were able to fill short orders within
122. 5:12here so when they start getting buying
123. 5:15pressure again and price starts moving
124. 5:17up they say okay cool we'll push price
125. 5:18right back up because we know there's
126. 5:20going to be people you know willing to
127. 5:23fill even more orders within here right
128. 5:25because literally a couple minutes or a
129. 5:27couple seconds ago or whatever time
130. 5:28frame we're on
131. 5:30right there were there were orders to be
132. 5:32filled within here so what can they do
133. 5:34they can push price back into this order
134. 5:36block right where more resting orders
135. 5:38are waiting to be filled in the opposite
136. 5:40direction right so they can boom fill
137. 5:43their orders boom and send price lower
138. 5:45and that's essentially all in order
139. 5:47block is it's the price range from where
140. 5:51the first orders were filled and then
141. 5:53when we get that retracement on up into
142. 5:56the order block
143. 5:58um
144. 5:59that is where uh that's that's where
145. 6:02they can fill even more orders right
146. 6:04because they were able to fill it before
147. 6:05in this price range they can fill even
148. 6:07more orders to send price boom further
149. 6:09down in that same direction I honestly
150. 6:12like order blocks as I I would rank it
151. 6:16as this so liquidity sweep and break of
152. 6:18structure that's the start of the move
153. 6:20that is
154. 6:22um that's the top of the entry okay fair
155. 6:26value gaps order blocks and equilibrium
156. 6:28are used for retracements right so if we
157. 6:31cannot catch
158. 6:34um
159. 6:35if we can't catch
160. 6:39if we can't catch this liquidity sweep
161. 6:42break of structure entry we can say okay
162. 6:45we have three more options now if we if
163. 6:48we see like okay we missed the liquidity
164. 6:50Suite we miss the break of structure now
165. 6:52we have three more options for a
166. 6:53re-entry for a a retracement play the
167. 6:57first option every single time for me is
168. 7:00going to be an order block
169. 7:01because right it's still at the top of
170. 7:04the move and oftentimes you can get you
171. 7:07know even a better entry than off of
172. 7:09just the liquidity sweep and the breakup
173. 7:10structure right because oftentimes this
174. 7:13low is the very beginning of the order
175. 7:15block and you can you know sometimes get
176. 7:18filled you know within here where where
177. 7:20price wants to retrace to Okay so
178. 7:24with that right Order Box is is always
179. 7:27going to be my very first
180. 7:29um point of Interest or yeah point of
181. 7:31interest uh for for a retracement play
182. 7:34because it's it's the it's still at the
183. 7:36top of the move and oftentimes you can
184. 7:37get even a better entry off of these
185. 7:40um
186. 7:41then you can off a liquidity sweep okay
187. 7:44and then next I would do a fair value
188. 7:46Yap and then after that our equilibrium
189. 7:47and fair value gaps are are pretty
190. 7:49similar
191. 7:50um but something about order blocks that
192. 7:52we need to understand
193. 7:53is there's only one there's only one
194. 7:57order block within a whole Trend right
195. 8:01because they form off of
196. 8:04a liquidity sweep orders getting filled
197. 8:07and then the start of a new trend right
198. 8:09this this trend
199. 8:11this trend right this uptrend got broken
200. 8:14by the liquidity sweep by the break of
201. 8:16structure now we have this order block
202. 8:19within here
203. 8:22right where price can potentially
204. 8:25retrace on up to okay boom and then we
205. 8:28start this downtrend right and then
206. 8:30right there's no other order blocks
207. 8:33within here right because there's right
208. 8:35there's there's fair value gaps there's
209. 8:37equilibrium getting filled and we'll
210. 8:39talk about equilibrium in a couple days
211. 8:41or in like a week or so
212. 8:43um but right there's only one of these
213. 8:46and the next one that gets made is when
214. 8:49boom right when we get another Trend
215. 8:52shift okay so where's our order block on
216. 8:55this it's the it's the leg down prior to
217. 8:58the liquidity sweep
218. 9:01boom and what and we'll talk about you
219. 9:02know how to spot these tomorrow I'm just
220. 9:04trying to help you guys visualize this
221. 9:05but you know this is this is going to be
222. 9:09or let's make sure it shows the
223. 9:11liquidity Suite but yeah so this is the
224. 9:13only order block and then from there
225. 9:15right boom then we go higher so this is
226. 9:18something we need to understand that
227. 9:19there's only one order block within
228. 9:21every single Trend that gets formed okay
229. 9:23yes there can be order blocks on every
230. 9:25single time frame which is again a
231. 9:27reason why I love the way that I trade
232. 9:29because all of these concepts are
233. 9:31applicable on every single [ __ ] time
234. 9:33frame and that's just the way that you
235. 9:35know this [ __ ] should be
236. 9:37um so
237. 9:38that being said today was today was very
238. 9:41very short
239. 9:42um there really isn't much else to to
240. 9:45cover on order blocks um besides the
241. 9:47fact that it is the
242. 9:49it is the move prior to the liquidity
243. 9:52sweep that causes the liquidity sweep
244. 9:55and then because of that move and
245. 9:58because those orders were be were able
246. 10:00to get filled we can get that break of
247. 10:02structure
248. 10:04okay and then when we get that break of
249. 10:06structure what will price likely do it
250. 10:08will likely want to go back up into that
251. 10:10area
252. 10:11fill even more orders because they were
253. 10:13able to fill orders there previously and
254. 10:16send price even lower or send price even
255. 10:18higher
256. 10:19cool
257. 10:20cool really not much else to talk about
258. 10:23um on order blocks today uh just quick
259. 10:26little you know explanation of what they
260. 10:28are you know hopefully you guys
261. 10:30um learn something from this on the
262. 10:32explanation days we don't really have
263. 10:33homework okay
264. 10:35um you're welcome school's off
265. 10:37um but so yeah that's that's
266. 10:40um that's order blocks okay I pretty
267. 10:42much explained and then in two days
268. 10:43we'll talk about how to spot them and
269. 10:45I'll show you how how [ __ ] powerful
270. 10:47these things are especially on uh lower
271. 10:50time frames because they they appear
272. 10:52literally every single day you know
273. 10:54every single hour I'm like one minute
274. 10:56time frames
275. 10:57um and it's it's awesome to see how how
276. 11:00how respected these things actually work
277. 11:03and I I honestly talk about these very
278. 11:06frequently
279. 11:08um in talking about how that's where
280. 11:09orders were accumulated I I call them
281. 11:11like accumulation areas it's very
282. 11:13similar similar it's it's pretty much
283. 11:16you know an order block accumulation
284. 11:18area all all pretty much the same thing
285. 11:20everyone loves giving different
286. 11:21terminologies for different things just
287. 11:23to sound fancy just to sound like
288. 11:24they're unique it's it's the same
289. 11:26[ __ ] [ __ ] we're all trading the same
290. 11:27[ __ ] we're all trading the same markets
291. 11:30um but anyways that being said that's
292. 11:32order blocks explained no homework for
293. 11:34today you guys are off the hook
294. 11:36um I'll see you guys tomorrow for some
295. 11:38psychology stuff hopefully you guys did
296. 11:41not trade today because as we can see
297. 11:43right hopefully you guys learned from
298. 11:44that news from that news thing we had
299. 11:48um
300. 11:51load this thing up if it wants to we had
301. 11:53PPI PPI and fomc all through here which
302. 11:58is actually
303. 11:59um going to happen in about two hours
304. 12:02and right we can we can look at the the
305. 12:04market it looks pretty [ __ ] terrible
306. 12:08if we look like
307. 12:11this is why we need to know when news
308. 12:13when news is going on
309. 12:16this is on the 15 minute time frame and
310. 12:20since U.S market opened which was right
311. 12:23here
312. 12:25uh right here we have moved a total of
313. 12:3134 Pips
314. 12:33on an extremely volatile pair in GBP JPY
315. 12:41so if that if that tells you if that
316. 12:43tells that should tell you enough about
317. 12:45why you should not be trading today
318. 12:48um so yeah hopefully you guys learned
319. 12:50something hopefully this gave you guys
320. 12:51some benefit
321. 12:53um with that being said I'll see you
322. 12:54boys tomorrow peace out