Dumb Money Concepts Regaining Levels/Zones — Transcript

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1. 0:00[Music]
2. 0:02so what we're doing today is we'll call
3. 0:04it some sort of reclaim or you guys can
4. 0:06help me with the naming of some of these
5. 0:08Concepts anything any of the concepts
6. 0:10that is help me name some things I need
7. 0:11some better names for what we're doing
8. 0:13here some catchy names it's some sort of
9. 0:15regaining or re-entry of a Zone we're
10. 0:18going to call it reclaims for now
11. 0:20essentially after you've lost a level
12. 0:24right there is two things that you can
13. 0:26happen is one you can fail to gain the
14. 0:29level of medely which is what we learned
15. 0:30I believe in the last lesson yeah
16. 0:33failures to gain or lose which is
17. 0:35immediate Wicks like this basically then
18. 0:37you have actual loss and then a reclaim
19. 0:41of that zone so this is your zone of
20. 0:43course that's your candle that we've
21. 0:44just lost that's a level that you just
22. 0:46lost you've re-entered it now take note
23. 0:48that you've actually rejected off this
24. 0:50one on that side which is why you then
25. 0:52test the next level down before
26. 0:54continuing up but essentially all this
27. 0:56is it's the same thing as a failure to
28. 1:00gain or lose a level except weaker when
29. 1:03you immediately fail right you go to the
30. 1:06other side you go to the next level you
31. 1:08know what I mean and if it's ranging
32. 1:09it's the other side if it's continuation
33. 1:11it's the next level just to clarify what
34. 1:13those terminologies are when you regain
35. 1:16it's not nearly as strong sometimes you
36. 1:19kind of just go to the next sort of like
37. 1:21ICT Traders would call it is fgs you
38. 1:23kind of just go there you don't
39. 1:24necessarily need to go to such a strong
40. 1:27level on the other side see if I can
41. 1:29find some sort of example ex Le here you
42. 1:30can see how we actually gained this
43. 1:32level and then we've lost it right now
44. 1:35we didn't actually go to the most
45. 1:37further distill point when you re-enter
46. 1:40a Zone all you're really doing is it's a
47. 1:42much weaker position um pivot and all
48. 1:44you're doing is retesting a significant
49. 1:47level okay so after we've closed there
50. 1:49you know it's going to come back to this
51. 1:51level and then what you're going to be
52. 1:52doing is you're going to be watching
53. 1:54this level and the reaction off of it if
54. 1:55we close Beyond it then we'll be
55. 1:57targeting this tole point of course
56. 1:59right but because we had a bounce off of
57. 2:01it then we know we can go through the
58. 2:02new highs right and literally you guys
59. 2:04can just watch a singular time frame and
60. 2:06have a pretty good profitability some of
61. 2:08the future lessons is we're going to be
62. 2:10looking at Candle body closes timings
63. 2:12like timings of the day time frames
64. 2:14we're going to be doing a top- down
65. 2:15analysis and doing it all together so
66. 2:17you're nearly there we're going to be
67. 2:18doing this all long term so keep
68. 2:20watching the live streams and everything
69. 2:21too