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How I Find Daily Bias in 5 Minutes Every Morning — Transcript

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0:01So guys, I have a full PDF guide for you
0:04on this that I built. It is completely
0:06for free. All you have to do is go to
0:08the link in the description. You're
0:09going to get this entire PDF guide. Um
0:11I'll be doing this for future videos as
0:13well. How to form a daily market bias,
0:15you know, how to read volume properly,
0:16beginner's guide for day trading. Uh all
0:18of that will be in the description
0:19below. And starting next week, I'm
0:21actually starting a completely free boot
0:23camp. This is for complete beginners
0:25trading for dummies. What's a
0:27candlestick? What's a chart? What's a
0:29broker? What's Trading View? I'm going
0:31to go over everything step by step. So,
0:34if that's what you've been waiting for
0:35and that's what you want, I'm starting
0:36that boot camp series starting next
0:37week, day one, day two, day three. So,
0:40make make sure you come back and refer
0:41to the channel for that. All right. So,
0:43I'll get into the class for you guys
0:44now. All about how to find a daily bias
0:48to set yourself up for the right
0:49direction come New York stock exchange
0:51market open.
0:53So, what I want to be going over in this
0:55class, I'm going to be going over um how
0:58to find your daily bias, you know,
1:00pre-market prep, what you're going to be
1:02looking for, uh how you're going to be
1:04finding setups that you like in the
1:05morning, things like that. All right,
1:08so
1:10first things first, um
1:14you want to establish your and in my
1:17opinion, right, you want to be
1:18establishing your daily bias, like what
1:20you're looking for. You want to be doing
1:22this in uh you want to be doing this
1:26literally I would say about 30 minutes
1:28before you start trading. Can this shift
1:31before the market opens? Yes, it can. It
1:33can shift before the market opens. But
1:35just keep in mind, all right, you want
1:38to make sure when the market opens and
1:40you're getting ready for your trades,
1:41you want to make sure you have a plan
1:44for your bias. So if I'm looking for
1:46longs, I need setups that that could get
1:49me into longs. I would say at least two
1:52different setups. Two different setups
1:53that I can get into for long. So, but
1:56let me go ahead. I'll start this out
1:57here and we can go uh go about it that
1:59way. All right. Finding your daily bias.
2:02So, what the daily bias means, that's
2:03the place where you're expecting the
2:05trade to go. Where am I expecting the
2:07market to go? So, does that mean does
2:10that mean I need to be right all day?
2:13Absolutely not. That's not what that
2:15means. I do not need to be right all
2:16day. Um, for instance, right, for
2:20instance, if I'm going to use uh today
2:22as an example,
2:28today I specifically stated, hey,
2:32market open, if we can bounce 200, I
2:36literally said in the market open, if we
2:37can bounce 200, I'm going to get in for
2:39longs at 216, right? I'm looking for
2:42longs at 216 with an entry around 220.
2:44Rode this sucker all the way up. able to
2:46get a nice 55point trade out of this
2:48guy. Right? Then as it started to sell
2:52back through, I just said, "You got to
2:53be patient. Let it play out." And I
2:55said, "You need to be careful. I don't
2:56really want to go short here anymore
2:58because there's a probability it can
2:59bounce here." What did it do? It bounced
3:02there at the bottom. So, I'm forming a
3:03bias. I'm basically forming a bias
3:05saying I'm trying to go for longs.
3:07That's essentially what I'm saying. I'm
3:08generating a bias for longs, especially
3:10if we can hold 200. And then now that
3:12we've slipped 200, so 20 minutes has
3:14passed. I maybe I'm changing my bias.
3:17I'm looking at this going, "No, I
3:20instead I'm now thinking I don't want to
3:22go short here. If someone does, you need
3:24to be very careful because I'm expecting
3:25this to bounce and to rally." And sure
3:27enough, it did. 176 point rally right to
3:29my level. And that's right right at my
3:31levels where it rejected, right? Look
3:32how clean that is. That all happened on
3:34the live stream. So, it's really really
3:36cool to see that play out. Um, this was
3:39all news driven, by the way. That was
3:40all news. So otherwise if the news
3:44wasn't if this wasn't news, you know
3:46what would have held? This order block
3:48right here would have held yet again. So
3:50that's a good example of like how that
3:52actually works in real time. Um
3:56so that's what it's like generating that
3:58daily bias. All right, scalper. This is
4:01just general terminology. Usually you're
4:03just looking to be correct for the first
4:04hour, which is what I do every day. I
4:06just need to be correct for the first
4:08hour. If I'm correct for the first hour,
4:10great. Some of the biggest trades I ever
4:13have, which are some of the biggest in
4:15the industry, I don't ever see people
4:16really get as large of a day trades as I
4:18do, is like the 600 point trades. Why?
4:22Because I'm finding them at the open.
4:24I'm finding them in the beginning. So,
4:26as we can see
4:31when I zoom out, right, we have these
4:34really big trades. 300 points, the other
4:37Monday's trade, another 300 points on
4:40the 28th, the other Monday's trade,
4:43uh, 600 points, right? Those are because
4:46I'm developing a bias and going for the
4:48bias. Look, went for longs, took got
4:50stopped out. Waited, reconfirmed my
4:53bias, got in for longs even sooner, took
4:55off, completely obliterated. Absolutely
4:58beautiful trade. I had a um I got an
5:01email from a student who's been here for
5:0314 hours, emailed saying they wanted to
5:06cancel and they said, "It looks like
5:07you're just gambling at the open." I
5:08sent them a wonderful message saying,
5:10"Please, please go look at all of my
5:12live trading." I said, "I always trade
5:14the open, my friend." said, "If you
5:15think someone trading the open is
5:17gambling, it sounds to me like you're
5:18just closed-minded. You refuse to learn,
5:20and you will always be stuck as probably
5:23a failed trader. Probably a failed
5:25trader for the rest of your life because
5:26you're so close-minded, you refuse to
5:29learn how to trade the first hour. The
5:31first hour is going to be the best price
5:33action unless unless, right, you have
5:37some external event later in the
5:39afternoon session or something, i.e. a
5:41news event. If you have a news event,
5:43yes, that's going to sometimes generate
5:45more volume, right? As we can see right
5:47here, it barely generated more volume
5:49than the open today. So, something to
5:51keep in mind. All right, but most of the
5:53time, that's where you're going to have
5:54the best volume, the best moves. You
5:56just need to learn how to read it. And
5:57highest time toreward ratio. So, do not
6:00fall victim to that negative mindset.
6:03That's a mindset that a lot of losers
6:05will adopt. They'll say,
6:07uh, you know, this not that particular
6:10person. I'm saying like you'll you'll
6:12say this one strategy is the way and
6:14everything else is terrible. And I
6:16really want to caution you against that
6:17because when you open your eyes and try
6:20other strategies, even if they're not
6:22great, when you try them, let's say it
6:24piques your interest a little bit, you
6:25learn what works for you and you learn
6:27what doesn't. Now the the double-edged
6:30sword here is strategies require time.
6:33You cannot try a strategy. Now I will go
6:35back to talking about this gentleman.
6:37You cannot try a strategy for uh one to
6:40two days and then say this is terrible.
6:42This is stupid. I'm not doing this. You
6:44can't do that. You don't have a proper
6:46uh data pool. You don't. So, it's just
6:49something you want to be keeping in mind
6:51and looking at, right? If I'm looking at
6:54if I look at this one day, I'm like,
6:55"Ah, yeah, it's a great trade. It's not
6:57bad. It's not bad." But all of a sudden,
6:59when I zoom out and look at all the
7:02trades that I'm getting like this, I can
7:03go, whoa, I'm getting some pretty big
7:06winning trades. Like, this is a pretty
7:08good system. I really do like this quite
7:10a bit. This is awesome, right? And I'm
7:12not going back that far. That's the
7:13crazy part. And amongst all of this,
7:16we're seeing uh one one losing trade, I
7:19believe, or two losing trades. Two
7:20losing trades, I think, this entire
7:22time. So,
7:24you got to you got to give some trades
7:26some time. Again, you can't judge
7:28something off of one trade. You can't
7:29judge a strategy, you know, in my
7:31opinion, a real test of a strategy is a
7:34year. How does that strategy perform
7:36over the course of a year, right? That's
7:38how you're going to find some good
7:40sample size and some good data. Um,
7:43yeah. Something something nice I wanted
7:45to share though, my my AI uh customer
7:47service flagged it for me, and I was
7:49like, poor guy. The guy's going to be
7:52lost forever as a trader. He's never
7:53going to find any success. He's going to
7:55quit in one day. can't help someone like
7:56that. Um, so
8:01your time frame, you want to be looking
8:03at breaking everything down into a time
8:05frame in order to find this bias. You
8:08could start on the 4 hour. Some people
8:09like to start on a daily. Doesn't really
8:11matter the time frames you use. These
8:13are just examples, but basically where
8:16are the big objectives, right? The 4
8:17hour is what I really like to look for.
8:19So prior day high and low, previous day
8:21high and low. All right. um any gaps
8:24that might have been formed that
8:25possibly want to get filled and then the
8:28range the actual range itself 1 hour
8:31time frame what are closer levels that I
8:34can see on the 1 hour maybe it's it's a
8:361 hour and a 4 hour level but they just
8:37happen to be lining up with each other
8:39pre-market high and low as well you guys
8:41know I love that a lot some people refer
8:42to that as the London session high and
8:44low as well
8:46five minute right is there a level on
8:48the five minute that we just saw react
8:50off of the example I just showed
8:52the the 200 level, right? The 31,200
8:56level I was watching today for a bounce.
8:58That's what was able to get me into that
9:00winning trade out the gate so fast. I'm
9:03literally sitting there within five
9:06minutes, I have 95%
9:09of my trading community on and about
9:11their day with a 2:1 risk-to-reward
9:12ratio trade. In what other world can you
9:15do that? What other strategy can you do
9:17that? You can't. You can't. Not
9:18consistently. So all of these things
9:21though, the the way I'm able to do that,
9:23the way I'm able to say that's what I
9:25think is going to happen. I think the
9:26market's going to sell off and bounce
9:28200. And if that's the case, 15 points
9:30of confirmation is what I need to read
9:32the tape. Then I can get in for calls.
9:34And then we watch that execute play out
9:36in real time, work perfectly with the
9:37majority exit at the peak because again,
9:39I'm reading that order flow. Boom. All
9:42of a sudden, you see quality pre-market
9:44prep, quality technical analysis leads
9:46to a really good profitable trade right
9:47out the gate.
9:50um
9:52one minute time frame. I do drop into
9:54the one minute time frame sometimes to
9:56take an entry, especially when it looks
9:58a little tricky. Sometimes that's what
9:59you want to be doing. All right,
10:02so liquidity, this is important. So
10:05price moves towards resting orders.
10:07Those levels are your objectives. Um I
10:10also like to call them order blocks or
10:12pivot points. All right, main concept.
10:15Just think about, okay, there's like
10:18we're approaching pre-market high on
10:19something. I need to be careful. Or,
10:20hey, that was previous day low, right?
10:23Let's say we sold off aggressively.
10:25That's the previous day low session. And
10:27let's say we opened up way down here. We
10:29gapped down and now we're flying. We're
10:31ripping straight off the market open.
10:32We're up 180 points and we're at the
10:34previous day low. Hey, something big is
10:37going to happen at this previous day
10:38low. There's probably a lot of orders
10:40sitting up here waiting to sell this
10:41back down.
10:43So, but I want to see what happens as we
10:45get there because a lot of people will
10:46have limit orders or resting orders that
10:48just sit there waiting to be executed,
10:50right? Um, equal highs and lows. Some of
10:53you guys have heard that terminology
10:55before. Also referred to as double top,
10:58double top, double bottom. Just think
11:00about two levels form equally. So, I
11:02refer to them as double tops. So, fivem
11:05minutee candle closes green. fiveminute
11:07candle uh the red candle starts to form
11:09here and sell through and they both
11:11close right next to each other. Just
11:12different terminology, but a lot of
11:14times that's showing where there's a lot
11:16of interest, a lot of interest to be had
11:18at a certain level like that. So, it's
11:20something to be keeping in mind. Okay.
11:23Um and then untested gaps, right? If we
11:26form a gap, we guys, we know that from
11:27earnings, we'll see an earnings
11:29announcement will cause a gap and we'll
11:31look to see, you know, hey, how are we
11:34are we trying to fill that gap? Are we
11:35coming into the gap now? Okay, now we're
11:37into the gap. A lot of people will trade
11:38the gap fill, things like that. All
11:40right.
11:43All right. Volume profile. Volume
11:46profile.
11:47So,
11:49volume session profile. You guys know I
11:51pulled this up on um on uh in my
11:54pre-market prep is what I utilize this
11:56for. This is a beautiful tool in my
11:58opinion just to see where a lot of the
11:59volume lies. So, session volume profile
12:01shows the most contracts traded at each
12:03price. Right. Point of control. the
12:05single price with the most volume. All
12:06right. Some people will look at that for
12:08fail fair value gaps, things like that.
12:12I like to look at this for retracement
12:14points as well. All right. Um, VH is
12:17value area high, value area low. Um, and
12:21then we have, you can look at
12:22yesterday's point of control, two days,
12:24three days. I like to go back to what's
12:27relevant. So, let's say you're forming a
12:29new all-time highs. Yeah, you don't
12:30really have much relevance to go back
12:32on. So really just go back to probably
12:33the last two or three days, see where
12:35they're at so you're aware. Hey, if we
12:37get to this level, watch out for a
12:39possible pivot point. Hey, if we get to
12:40this level, watch out for a possible
12:42pivot point. Things like that. All
12:43right. Um, and remember, if a point of
12:46control forms, let's say a point of
12:48control formed
12:50um
12:52in a level that's we haven't been to
12:53yet. So let's say we had All Darn it,
12:56you can't see the chart. Hold on.
12:59Let's just say um
13:04basically
13:06if we sell off aggressively, we don't
13:08reach that point of control yet. We
13:10bounce early. I wouldn't FOMO into a a
13:13long. I would think it's a fake out
13:15bounce. I would say that's a very strong
13:18point of control. Let me wait for that
13:20to actually be tested because it more
13:22than likely will be tested. It'll form
13:24as a magnet. It'll draw price to it. You
13:26just might have to wait a little bit
13:27longer. All right,
13:32this is if you want to set it up on
13:34Trading View. You can find indicators.
13:36It can be a candle candlestick type.
13:38Doesn't really matter. Um, just make
13:41sure that whenever you're looking to set
13:43these up, you're doing them in the
13:44pre-market. You don't want to be rushing
13:46to do this when the market opens. You
13:47should have already done this in the
13:48pre-market. Keep in mind the volume
13:51session profile level, the point of
13:52control level that you see in the
13:54pre-market, it can change and it can
13:56move throughout the market open session.
13:58Keep that in mind. All right.
14:01All right. So, you can use the profile
14:02to set up your bias. So, let's say
14:04you're above the point of control and
14:06you're above the value area high. As
14:07you're watching this, you can say, "All
14:08right, look, we're opening above this
14:12value. I'm long biased today. I want to
14:14watch basically for a breakout for calls
14:17if I think it's really strong with good
14:18confluences and volume or I want to see
14:20if we can pull back and test that point
14:23of control. We can do that. Great. I'm
14:25all game. Otherwise, I'm passing, right?
14:29We open up inside of it. Okay, now I use
14:31that as the range. I can see where the
14:32point of control is. I can use the point
14:34of control for a mid-range entry, right?
14:37or I could watch for a bounce off of the
14:39value area low or a reject off the value
14:41area high or a break and retest off of
14:44one of these. This makes it a little bit
14:46difficult because then it's kind of hard
14:47to judge a bias, right? You don't really
14:50have a bias at this point. You kind of
14:51have to let the market set up a bias for
14:53you or if you understand how to read uh
14:56order flow, you can use those key levels
14:58to determine if buyers or sellers have
15:00the strength, which can give you an
15:02early entry into whatever setup you're
15:03looking for. All right. And then we have
15:06um we have um opening below obviously
15:09would be bias to the downside. All
15:11right. Um again point of control is just
15:14one tool to be using here guys. It
15:15doesn't just have to be point of
15:16control. You can combine the point of
15:18control with with your 4our levels with
15:22your hourly levels, a daily level.
15:24Doesn't really matter. But you want to
15:25use multiple confluences. I don't want
15:28to just say I'm on a 4 hour chart.
15:30That's a 4hour level. That's it. You
15:33know that I don't want to just do that.
15:34That's that's a little bit um
15:37wishful thinking in my opinion. You want
15:39to combine multiple things. All right.
15:41So, now we're thinking about sweeps of
15:43these levels. Was the level swept? Did
15:45we actually sweep this level? So, every
15:48morning, has an objective already been
15:50taken? An order block, right? An order
15:52block is what I think about. Has Have we
15:54already tested an order block? Okay,
15:56perfect. Perfect example. Have What the
16:00heck is going on with my mouse, dude?
16:02It's dying. That's what it is.
16:06Garbage.
16:09All right.
16:17So, this morning, has an objective
16:21already been tested?
16:24Can uh I got to share my screen real
16:26quick. Sorry.
16:30All right. You guys are looking at this.
16:33Has an objective been tested here? Yes,
16:35we've swept down. We swept my order
16:37block. All right, that's my objective.
16:39We've swept my objective and reacted
16:41positively off of it. I've also seen
16:43this been tested well on the previous
16:45day. So, not only is it a previous day
16:47low, it's a previous day low. It's a
16:50pre-market low. So, two strong reasons
16:53here. And it's an objective. It's an
16:55order block. So, I have three possible
16:58reasons I need to be watching for a
16:59reaction off of this level or just
17:02avoiding shorts at this level
17:03altogether. All together. I need to be
17:05avoiding shorts at this level. Right?
17:07So, now I know and the market opened.
17:09Let's say I didn't get this trade. You
17:11missed this beautiful trade. You weren't
17:12able to capitalize on it. It is what it
17:14is. No problem. You got this beautiful
17:16setup down here to pay attention to and
17:17watch for, right? I can stay long bias
17:20as long as we stay above, right, this
17:22objective level. We break below the
17:24objective level, I can look for shorts.
17:26I look for a retest. I don't get a
17:27retest, I don't get a trade. It is what
17:29it is. So, we see we come down. We're
17:32retesting the zone in which we swept
17:33earlier. We've come back for that
17:35reaction. Now, we're seeing that
17:36positive strong close above the level.
17:39You've rejected your previous level,
17:40which was 216. Looks beautiful. You got
17:43your entry at 200, and then you just
17:45ride that sucker up, right? If you had
17:48not taken this trade, so you were
17:49looking for a trade to take. Beautiful
17:51entry criteria. You can at least
17:54at least be targeting high of day. You
17:56can at least target 275
17:59which would be 75 point move rocking the
18:02trade with a 30 point stop loss. It's a
18:04great trade. Absolutely beautiful great
18:06trade. So just my two cents in regards
18:08to that what I would be looking for
18:10right something to keep in mind. But
18:11that's a real example of what
18:13essentially we I called out today and
18:16other people traded today. All right. So
18:18this was my trade kind of similar just
18:21based on the bounce of 200. So my
18:23objective at the open was 200 based on a
18:25point of control. Right? So I identified
18:27point of control 31200. I said I'm
18:29expecting the markets pull back into
18:31that to manipulate sweep the level and
18:34then bounce. Upon the bounce 15 points
18:37of confirmation get the entry longs ride
18:39it up. Right? Same execution just
18:42different areas but the same execution.
18:45To sum it all up, it's called a bounce
18:47trade is what it is. It's just called a
18:49bounce. All right. Love those trades. I
18:51love taking bounces.
18:53So
18:55now back to the PDF here. So was the
18:59level swept? If the level's been swept,
19:01right, how did the price react? Price
19:03runs above an old high, the sweep, it
19:05rejects hard, breaks back down, trade
19:07away from the swept level towards the
19:08objective on the other side. So you'd be
19:10targeting that next big pivot point is
19:12what that's saying. All right. objective
19:14one to objective two or you had
19:16pre-market high, you're worried that uh
19:18market overall technical analysis is
19:20weak. You're worried it's going to push
19:21back up into the range, hit it and start
19:24to sell through. So terminology price is
19:27going to manipulate back into the range,
19:30right? Buyers are going to get absorbed
19:32and then you're going to start to see
19:33that strong the the bid start to slip
19:35the ask and strong selling pressure to
19:36bring it back down to the next magnet,
19:39the next order block, the next
19:40objective. All right, you want to just
19:43track them. Mark them on your charts.
19:45That's all this is. Mark them on your
19:47charts. All right. Um,
19:50I prefer, me personally, I prefer to
19:53coincide. If it's a 4 hour, an hour, I
19:56don't really care. I just want to see
19:57what's closer to the point of control
19:58zones or order blocks. Those are really
20:01what I want to be paying attention to
20:02because more often than not, it will
20:03pivot off of those points. All right.
20:06So, this is what I was talking about
20:07before, right? it it never broke below
20:10the low and it's just starting to move
20:12to the upside. So, this would be called
20:15some people would call this
20:16consolidation because it's stuck in a
20:17range. It's not breaking either range.
20:19Nothing is being swept. All right. Some
20:22people will count that as a no trade.
20:24They're like, I can't trade this. None
20:25of my pivot points are being tested.
20:27There's nothing I can do. Remember,
20:29there's nothing wrong. Stay in cash. All
20:30right. So, you just don't want to chase
20:32this kind of stuff. All right? And just
20:35because you have an order block there
20:36does not mean it's an entry on its own.
20:38Remember? So we see that on this
20:41particular chart here, we see it sweeps
20:43down through that first objective area,
20:46right? It sweeps down through. Okay, I
20:49see it. It went below. It broke below,
20:51but then it just closed right back
20:53above. Well, if I was looking for
20:55sellside pressure, if I was saying, hey,
20:57I want to see us break this objective
20:58for a retest to get into puts in that
21:01exact situation there, there's no
21:02breakup structure. I cannot get into
21:04puts. That would be an early entry and a
21:06false entry for puts just based on the
21:08candlestick chart alone. All right, this
21:10is just a very basic visual, guys.
21:11Obviously, I know trading is not that
21:12simple. So now, as we're seeing price
21:15holds this level and start to rally back
21:17to the upside one, I see it holds the
21:21sell side liquidity. So the first
21:22objective, I see it holds the level
21:24beautifully. Great. Now I see it retrace
21:27back up into the point of control zone,
21:29those white dotted lines. So we have two
21:32indications now that it's holding the
21:34long to the upside. Right? So now as
21:37we're seeing this push back up here, we
21:39have two breakup structures. Right? Now
21:42you can say, all right, now that I not
21:44only held my sellside liquidity, my
21:46first objective, I held the level, I've
21:48also broken above the point of control.
21:50Perfect. Now I can look for that break
21:53and retest into a long entry for calls.
21:56Right? Targeting your next objective.
21:58again. Real life example that played out
22:00today.
22:04I like to reel it back into a real life
22:06example. Real life example that played
22:08out today. What What was I using today?
22:1031200. I wanted to see how we
22:12manipulated off the level. Came back,
22:14bounced the level, got in for longs,
22:15rode it to the top side. Beautiful, nice
22:17winning trade. Swept that level, right?
22:20Swept it. Completely broke below. But
22:23what did we notice about the break? What
22:24did I say on the live? This is weak
22:26volume. You're more than like you're
22:28better off just waiting. Just wait.
22:30Right. What do we see immediately? Close
22:32right back above the zone. Interesting.
22:34We could not break below the objective.
22:36We could not break below. And then we
22:38ended up bouncing right back above. So,
22:40we failed to break that sellside
22:43liquidity. We failed to break it. We
22:45manipulate back to the upside. We have
22:48that rejection occurring off of 216.
22:50When we topped 216 is right when I gave
22:53the setup and I said at this point now
22:55that we're at 216 I would watch for a
22:58reaction off of 200. We sell through
23:01into 200. That would have been your
23:03entry right when you're pulling back
23:04into 200. Boom. You're in for calls. 30
23:07point stop. Let it ride. What's the next
23:10objective point? Well, we don't know.
23:15We have no idea that's going to happen.
23:17So, our next objective point when we're
23:19looking at this and we're entering right
23:20now for 200 for calls, we can look at
23:23this and go, well, it's going to be
23:24between 258 and 280, right? I know I
23:26need to be cautious between two 276 and
23:29280. So, for a safe bet, let's just
23:31target 268. 268 is the next objective
23:34point. After that, I can go for my next
23:36level, which is 319. And after that, I
23:38can go for the next level, which is 367,
23:40right? I can take a I can take a full
23:41exit or a majority exit between 319 and
23:43367. and then all of a sudden you see it
23:46works out rather well. So those are
23:48things you can be watching for. That's a
23:49perfect real example of using those
23:51objectives, point of controls and pivot
23:53points to dictate direction, help uh
23:56identify with your bias and move forward
23:58from there. All right.
24:03By the way, guys, I know some of you
24:05don't know this. This class is gold. I
24:08mean,
24:10there are people that charge thousands
24:11of dollars for this. Um, all right. So,
24:15this is where I like to get the bread
24:17and butter, right? I like to get
24:18everything mixed in here so it fills one
24:21large picture identifying this with
24:23order flow to help help find that entry.
24:26All right. So, I will send this to you
24:29guys afterwards. I'll go ahead and post
24:31this in the uh in the uh the chat room,
24:35but we want to look at who's getting
24:36trapped. All right? We want to look at
24:38if people are starting to buy this up,
24:40right? Ask buyers, bid sellers. Okay?
24:42Remember, ask is the higher price, bid
24:44is the lower price. If the ask gets
24:46strong, it shows people are willing to
24:47pay the higher price. Price will more
24:48than likely be driven to the upside. If
24:51the bid gets too weak, then it's more
24:52than likely getting to sell. All right?
24:54So, in this particular situation, if I'm
24:57watching this play out, and this is what
24:58the uh the order book is looking like,
25:00right? As I'm watching this play out, I
25:02can see here, oh, okay, I had strong
25:05buyers step in at 442. So, that's the
25:08higher price, right? I had buyers step
25:10in here, but no one else is coming.
25:13There's no strong supporting moves on
25:14this. There's no strong supporting
25:15moves. And the lower price, there's a
25:18lot more sellers stepping in to try to
25:20take this over. So, I can see there's
25:22more volume leaning over on the bid. So,
25:25that could lead to selling pressure and
25:26and just inverse it for buying pressure.
25:29Okay. And then you want to look at the
25:31delta variance, right? How is the how is
25:33the the overall volume flipping in your
25:35direction. All right. uh our market open
25:37trade this morning, we had positive
25:39delta variance. It does help the move.
25:41It doesn't dictate dictate the move. It
25:43just helps the move. It assists on the
25:45move. Okay? So, if I'm going for longs
25:48and I have strong volume and I have a
25:50positive delta variance, that's a good
25:53indication. That means price wants to
25:55start to rally usually when the
25:57confluences are lining as well, right?
26:01So, absorption, aggressive buying of the
26:02swept high, but price won't go higher.
26:04Passive sellers soak it up. So they
26:05absorb those buyers. Boom. Brings it
26:07back down. Delta flips negative as
26:09sellers take control. All right, which
26:11remember what did we talk about before?
26:12Those inversion candles, right? You can
26:14be watching for those as well. Um price
26:16leaves the zone fast. That's your
26:18confirmation. Very true. Very true. In
26:21my opinion, if you hit a reject or a
26:23bounce area, let's say you hit it, boom,
26:26it comes and taps level and it just kind
26:27of sticks there. I I start to draw a lot
26:31of caution because if it really is going
26:33to get bought up, those buyers come in
26:34very quick. So, you'll see price
26:36retracing to a level usually quickly and
26:38then you'll see boom boom boom boom and
26:41it starts moving bouncing quick. And
26:43that's why a lot of you guys will
26:44butcher those bounces or reject plays
26:46because you sit there thinking asking
26:48yourself it's going to work when you've
26:49been prepping to take the trade for 30
26:51minutes and then before you know it, you
26:53waited 5 seconds and the trade has
26:54bounced 40 points. That's why I tell a
26:57lot of people that the market open is
26:59not fast. The entirety of the NASDAQ is
27:01fast. If you trade 30 minutes later or
27:0330 seconds in, it's fast. It doesn't
27:05matter. You hesitating is you
27:06hesitating. There's no way to hide from
27:08that, right? You got to accept that
27:09you're doing a bad job at hesitating and
27:11try to find a way to be a little bit
27:12quicker. Um, but that comes with time.
27:14It comes with time. All right? Don't be
27:16too hard on yourself there. All right.
27:17When to stay cash, when to stand down,
27:19when there's no objective. If you don't
27:20have any objectives in sight, you have
27:22no trades. If you don't have any pivot
27:24points in sight, you have no trades. If
27:26you don't have a breakout level in
27:27sight, you have no trades. All right? If
27:29you don't know where price is going to
27:30go, you can't do anything. If your bias
27:33is proven wrong, so let's say I
27:35attempted a bounce for calls and an
27:37objective at an order block and it
27:39failed the order block. It just breaks
27:40right through it. And let's say it never
27:42comes back to retest the order block.
27:44I'm just wrong. I just can't trade
27:45anymore. I have to say, look, I was
27:46completely proven wrong. I have to walk
27:48away. Just because I took one stop loss
27:50doesn't mean I need to take two. All
27:52right? and then no clean entry. Huge
27:54one-way candles with no retrace, missing
27:56a trade cost nothing. Chasing does. All
27:58right, some of you guys have experienced
28:00that the last three Mondays in a row.
28:02The last three Mondays in a row, I've
28:03gotten over 200 points profit and people
28:06have been missing those big trades
28:07because they don't feel comfortable
28:08trading the open. Ah, well, it wasn't
28:10100 point winner yesterday, so it's not
28:12going to be 100 point winner today.
28:13Well, enjoy sitting cash on the side
28:15because now you can't get an entry. It's
28:17too strong. It's too strong. You missed
28:18it. So, that's when you need to learn to
28:20stay cash. disciplined trader knows when
28:22to stay cash. All right. Um, if you want
28:25to go ahead and screenshot this right
28:26now, it's pre-market bias checklist.
28:29Just something you could walk yourself
28:30through and see if you want to um, go
28:32through this and and see how you're
28:33doing. This is also why I tell a lot of
28:35people to go through their pre-market
28:36prep, right? If you show up to trade and
28:38you don't do a pre-market prep, you're
28:40showing up to fail. Just my two cents.
28:42You're going to fail. I would 90% bet
28:44you're going to fail long term. All
28:46right. Now,
28:49um you can also participate in this
28:51homework as well if you would like. I'm
28:53going to be starting a boot camp
28:55starting Monday. I'm going to post it
28:57tomorrow. It's this is not like a paid
28:59thing. It's just going to be on YouTube.
29:00I'm going to start this is like for
29:02beginners, complete beginners, like a I
29:04want you to picture um this is going to
29:07be very basic education if that makes
29:09sense. So, if anyone's interested in
29:11that, just know I'll be posting that.
29:12It's going to be like what's a
29:14candlestick? what's um you know what's
29:17what's longs, what's shorts, like
29:19picture trading for dummies. Picture
29:21that. Okay, that's what I'm starting
29:22Monday. All right, so um if anyone
29:24thinks they can find some value from
29:26that, maybe in the later videos you
29:27might, right? You might find some value
29:29in that. So, I'll basically I'll try to
29:32keep them as short as possible, but I'm
29:33pretty excited for that because I know a
29:35lot of people are like they have no idea
29:37what some of the basic concepts are,
29:39right? They'll jump into trading
29:40relatively quickly. you know, they'll
29:42they'll they know what a 15-minute orb
29:44is and they're like, "Wait, what's a
29:46support level? What's supply? What's
29:47demand?" You know, they don't know those
29:48basic things. So, it's good to go over
29:50that stuff. So, I'm going to start that
29:52next week. I'll announce it on my
29:53Instagram. Um, and that way, you know,
29:56if you guys ever have someone that's
29:58trying to get started with day trading
29:59because they found out you did it, but
30:00they have no idea where to start, I'll
30:02have a full guide completely for free on
30:04YouTube, like
30:07true down and dirty. What is a
30:09candlestick? What's a green candlestick?
30:11What's a red candlestick? What is
30:12Trading View? What is a broker? Right?
30:15What software do I need to start? What
30:16kind of computer do I need? Like all
30:18those basic questions, those very, very
30:20basic questions and realistic timelines.
30:23Um, I'll also include at some point, you
30:26know, I'll do just so people are aware,
30:28um, I'll just do my story as well, how I
30:31got started into day trading, you know,
30:33how, um, uh, you know, terrible
30:36circumstances I've been dealt, things
30:38like that, and how I got to where I am.
30:40So, um hopefully you guys will enjoy
30:42that. All right. Um I wanted to keep
30:45today's class short. I do not want to
30:47keep you guys long. Um and I I want to
30:50go uh I want to go hang out with my
30:52family. Really, okay? So, I appreciate
30:54every single one of you guys coming. I
30:56really really do. Just keep in mind that
30:58it it's worth the journey, but it's
30:59going to be super difficult and you
31:01cannot you truly can't comprehend it
31:03until you're there. And even when you
31:05get there, it just doesn't feel real.
31:08I personally think your best bet is if
31:12you're if you're like me, you know, just
31:14trust in God. The the path will pave its
31:17way for you as long as you're willing to
31:19put in the work. Remember, if I pray for
31:22strength, if I ask God to be stronger,
31:24he has to give me challenges to make me
31:25stronger. He's not just going to hand me
31:28strength. He can't do that. He's going
31:29to say, "Well, if you want to get
31:30stronger, here you go. I'm going to
31:32place all these obstacles in front of
31:33you. Let's see how you do." Just my two
31:35cents. All right. 1% better every single
31:38day, guys. You guys have a blessed one.
31:40See you in the next one.

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