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I QUIT my job with this SIMPLE A+ ICT strategy | The DRT Model (Dealing Range Theory) — Transcript

by Ali Khan · 4,657 words · 647 segments · language en · Watch on YouTube

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0:00I'm about to teach you an extremely
0:02powerful model, the DRT model. This was
0:04the exact formula that I used to quit my
0:07job many years ago, and I'm going to
0:08teach it to you for absolutely free
0:11right here in this video so that you can
0:14do the same. Now, I don't promise get
0:15rich in 90 days like a lot of the other
0:17YouTubers out there. This is still going
0:19to require work, but I have simplified
0:22it as much as possible to create a
0:24six-stage process that can take you from
0:26a consistently unprofitable trader to
0:28hopefully a consistent one. Now, I've
0:31already explained in the previous video,
0:32I'll link that up here somewhere about
0:34how we can find directional bias using
0:37the DRT concept. And for this specific
0:39model, stage one is going to rely on
0:43identifying a higher time frame type two
0:46dealing range. So let's explore this a
0:49little bit more. So of course there are
0:51two types of type two dealing range. We
0:54have a bearish type two dealing range
0:57and we have a bullish type two dealing
1:00range. As you can see with a bearish
1:02dealing range we are traveling lower.
1:05And the main characteristic in this type
1:07two dealing range is that we have equal
1:10highs or relative equal highs above the
1:13market. And on a bullish type two
1:15dealing range, we are trending higher.
1:19Below the market, we have equal or
1:21relative equal lows. Now, since the
1:24algorithm is programmed to repric to
1:27areas of liquidity, the books teach us
1:30to place our stops above double tops or
1:34double bottoms. Now, why this is so
1:36powerful is because we can safely assume
1:39that at some point when this market has
1:42finished going lower, it is more than
1:44likely to turn around and repric higher
1:48to target those stops and vice versa on
1:51the bullish dealing range where below
1:53the market, we're going to
1:55have sellside liquidity in the form of
1:58retail stops below the double bottom. We
2:00anticipate the market to reprice lower
2:03to target those stops at some point in
2:06the future. So this gives us a
2:07framework. It gives us a longerterm
2:10directional bias and we can use this to
2:13get in sync on the lower time frames
2:15which I will explain to you in a second.
2:18Stage two of the DRT model focuses on
2:21two things in particular. It focuses on
2:24a raid on liquidity and or a rebalance
2:27of an inefficiency. Now, those of you
2:29who have been with me for a while know
2:31that ideally we like to see both of
2:34these conditions in close proximity to
2:36one another. So, let's get a little bit
2:38more detail on stage two. Now, I'm going
2:41to use a bearish example in this case.
2:43We can see that we are in a clear type
2:46two bearish dealing range where we have
2:49equal highs that reside above the
2:51market. Now we are doing nothing
2:55until we see the market raid an old
2:59dealing range low. Now this can be in
3:02the form of major or minor sellside
3:04liquidity. But my personal preference is
3:06waiting for a major sellside liquidity
3:08pool. And of course to understand that
3:10you have to understand the dealing
3:12range. And you can find a whole lot more
3:13about that in the previous lessons of
3:16this series. Now what does that look
3:17like on the charts? So in this example
3:20we can clearly see that we have equal
3:23highs resting above the market. We have
3:26a dealing range low here and we have the
3:29dealing range high over here. We can see
3:31how price has raided that sellside
3:34liquidity below the dealing range low.
3:37Now when we see this and we observe
3:39equal highs above the market, this gives
3:42us a green light for stage two. We can
3:44therefore move on to stage three. But
3:47first, as a little bonus here, let's
3:50imagine this chart is on the 4hour time
3:53frame. If we zoom out to a higher time
3:56frame, daily chart, this is what it
3:59looks like. Now,
4:01notice on this time frame, price has
4:05closed below that dealing range low. On
4:09the higher time frame, that same low,
4:12notice how we have failed to close below
4:15it. The bodies over here are showing
4:18that they have an unwillingness to go
4:20lower. And since the bulk of the volume
4:22is contained in the bodies, this is what
4:24we refer to
4:26as a
4:28stop run. I've wrote that totally bent,
4:31but the point is this is something that
4:34we really want to see in price action.
4:37It's one of the key indicators that we
4:39can use to assess whether the market
4:40wants to continue going lower or it's a
4:43stop run and we anticipate a market
4:45reversal. When we have equal highs or
4:48relative equal highs above the market
4:49and we see this condition unfold, it's
4:52extremely powerful in predicting a
4:54market reversal. Now, when we combine
4:56this with stage three, it's even more
4:59powerful. And I'll get on to that in a
5:01second. But first, the second condition
5:03we want to look for in stage two is a
5:06rebalance of a fair value gap in the
5:08form of a buy side imbalance that sits
5:10below the market.
5:13Again, this is what it looks like in
5:15price action where we have equal highs
5:18or relative equal highs above the
5:21market. Price has traveled lower and
5:25rebalanced an inefficiency. Now, this is
5:28also true for a type one dealing range
5:30where we can have a mixture of a type
5:31one and a type two dealing range. And
5:33again, I've explained that in a lot more
5:35detail in the previous videos. But
5:37whilst we're here, another thing I like
5:40to look for is how the bodies are
5:42reacting when we enter a fair value gap.
5:45Ideally, I want to see a portion of it
5:48left open or at the very least, I want
5:49to see the bodies remain above the
5:52equilibrium or consequent encroachment
5:54of a fair value gap. Now, this is a part
5:56of my fair value gap leveling system,
5:58which again you can find for free right
6:00here on this YouTube channel. I'll link
6:01that somewhere up there. Now, once these
6:04two conditions have been met, we can
6:07move on to stage three, which is our
6:09SMT. Now, this relies heavily on
6:12intermarket analysis with a correlated
6:14pair on obviously the market that we're
6:16trading. Now, there are a few different
6:18types of SMT, but in this video, I'm
6:21going to explain to you two of them that
6:22I really, really like to use in this
6:24model. The first one we have here is
6:26known as a DRS SMT or a dealing range
6:29SMT. Now, remember, major liquidity
6:32pools are going to rest below or above a
6:35dealing range. If we take this here as
6:38an example and this is on the Euro
6:43dollar, we can see that we have a
6:46dealing range high here and we have a
6:48dealing range low here. And on this side
6:51of the chart, we have
6:54GBP USD, right? So these are both
6:57obviously correlated pairs. And again,
6:59we have the dealing range high and the
7:02dealing range low. Now note what happens
7:05here on the euro. This high we fail to
7:10sweep above it. But on the pound dollar
7:14we can clearly see that the equivalent
7:16high that was created at the equivalent
7:18time which is very important. We can see
7:21how we've traded above that high. So
7:23what is this telling us? It's telling us
7:26that the euro is weaker than the British
7:30pound. is not having the legs to get
7:32higher above its dealing range high to
7:35raid that buyside liquidity pool.
7:37Whereas the British pound clearly is
7:39able to get above it dealing range high.
7:41Now in this area, smart money are going
7:43to be piling in with short positions
7:46using all of that buy side liquidity
7:48above the dealing range high and the
7:51algorithm will move price lower back to
7:54an area of sellside liquidity below the
7:58market. Now again note what happens
8:00here. Euro leaves equal highs here in
8:05the form of a type two dealing range. It
8:08travels lower and drops below the major
8:13sellside liquidity pool in the form of
8:15the dealing range low. And you can see
8:17the accumulation that takes place below
8:19the lows. Again, smart money piling in
8:21with long positions, pairing that
8:23sellside retail liquidity to offset that
8:26back to the buy stops above the relative
8:28equal highs and our type 2 dealing
8:30range. Note what happens here on the
8:33British pound. The same equivalent low,
8:35we are failing to trade below it.
8:38Whereas the euro is managing to get
8:41below its old dealing range low. When we
8:43combine this with stop runs on a higher
8:45time frame, this works as an extremely
8:48powerful confirmation of a market
8:51reversal. Now, the second type of SMT
8:54that I like to look for is something
8:55that I refer to as the fair value gap
8:58SMT. Now, again, here we have the euro
9:01on the left and the pound on the right.
9:04Now, remember those equal highs? I'm
9:07just taking that snippet of price action
9:09here and this was the accumulation below
9:11those dealing range lows. Now you can
9:14see how the market really ran higher
9:16here. It displaced higher leaving this
9:20fair value gap. Note how we wicked
9:23inside of the fair value gap. But where
9:25are the bodies
9:27remaining? They're remaining above the
9:29fair value gap. Right now, the same fair
9:32value gap that was printed here on the
9:34British pound is over here. You can
9:37clearly see how in this fair value gap
9:40that we've completely rebalanced and
9:43we're also seeing the body close inside
9:45of that buy side imbalance. Right? This
9:47is something known as fair value gap
9:49SMT. Something that I've been teaching
9:51to my students now for a number of
9:53years. You also want to note where that
9:55sits inside of the dealing range. We're
9:57at that equilibrium mark and the
9:59consequent move afterwards is to repric
10:02above buy side liquidity. Again, this
10:04gives us that extra confirmation that we
10:07are on the right side of the market.
10:08With stage four, I like to see price
10:11close through the 25 DRT level. And
10:15again, we're going to use that bearish
10:16type 2 dealing range as an example. So,
10:18we anticipate higher prices. So, let's
10:21see what again that looks like here on
10:24the chart. Now I have tried to simplify
10:27this as much as possible. In the lower
10:30quadrant between the dealing range low
10:32and the 25 DRT level, we are likely to
10:35find our high probability bullish order
10:37block. And when we've raided a pool of
10:38sellside liquidity below a dealing range
10:41low or we are rejecting from an
10:43inefficiency, I want to see displacement
10:45in the market. So here we can clearly
10:48see that this candle is closing above
10:52that 25 DRT level. I call this a DRT
10:56change in state of delivery. Each of
10:58these DRT levels you can think of as a
11:00ceiling. Once we break through that
11:02ceiling, price is tipping its hand that
11:05it wants to continue higher. And that
11:08leads us onto stage five, our entry
11:11model. Now again trying to keep this as
11:14simple as I possibly can. If we are
11:16looking at purely one time frame, each
11:19dealing range will offer us two really
11:21good entries. Our first entry will take
11:24place at the 25 DRT level. Once we close
11:29above that DRT, when price drops back
11:32into that 25 level, we can place a limit
11:35order or a market execution and place
11:38our stop below that dealing range low.
11:41If you want to be conservative here, you
11:43can target the first high or
11:46inefficiency above that 50 DRT level. If
11:50you want to be a little bit more
11:51aggressive or you have a little bit more
11:53experience and you have conviction that
11:55the market is going to repric above his
11:57dealing range high, then you can put
11:59your takerit above the dealing range
12:01high. This would be your first entry.
12:04Your second entry would come after
12:06seeing price displace through that 50
12:09DRT level. Again, this is a strong
12:11indication that the market wants to
12:12continue higher. You can place a limit
12:14order at that 50 DRT level as a pyramid
12:18entry and your stop would be placed
12:21anywhere below that 25 DRT level. You
12:24want to target the dealing range high as
12:27your takerit and this is the simplest
12:30method of trading ICT concepts and
12:33algorithmic price action. Now, of
12:35course, a lot of my students are a
12:37little bit more
12:39vel wellvered with ICT concepts, and you
12:42know that I tend to teach a little bit
12:44more of an advanced level compared to
12:46many of the other YouTubers out here.
12:49So, I designed this for students who
12:51have been inside of my boot camp. At
12:54stage five, we can cap it there. For for
12:56stage six, we can use a type one dealing
12:59range as a refinement where if we are
13:02using only this time frame alone, we can
13:04see that after the turning point over
13:06here, we had this sellside imbalance and
13:09we repric straight through that with a
13:11close and a close above that 25 DRT
13:14level. And this is where understanding
13:16PD rays, especially the timing element
13:18here, which helps a lot. And if you have
13:20been through my boot camp, then this
13:22should be making a whole lot more sense
13:24to you. We can take an entry over here
13:27and refine that stop loss slightly.
13:29Again, the more accurate you are with
13:31this, the more room you will have to
13:34yield a higher risk-to-reward trade.
13:36Again, it's not fully needed. It's a bit
13:39more advanced, but in trading, every
13:42little helps, right? And again, that 50
13:45DRT level, you can see how that overlaps
13:48with the imbalance. We also have this
13:51swing low, this swing high and this
13:54swing low. So we have these two
13:57consecutive up close candles acting as a
14:00breaker as well as this sellside
14:02imbalance which would act as an
14:04inversion fair value gap and again sits
14:06at equilibrium which is something that
14:08we refer to as our measuring gap. Having
14:11sellside delivery on the left side of
14:13the curve and buyside delivery on the
14:16right side of the curve, this offers us
14:18a balanced price range. And
14:20again, note where the body is closing.
14:23It's failing to drop below consequent
14:25encroachment of that balance price
14:27range. And again, that's further
14:29supported by the fact that we have an
14:31inversion fair value gap to the left.
14:33Now, we can take this a step further. I
14:36should have put that phone on the
14:37silent. I apologize. I don't know if you
14:39can hear that. So, obviously, this chart
14:41here is for the British pound on a
14:44weekly time frame. If we drop down to a
14:47daily time frame, you can see this in a
14:50little bit more detail. Again, we have
14:51that 50 DRT level and the 25 DRT level
14:54over here. Now, on this time frame, it
14:56gives us a little bit more detail where
14:58we can see that we have a breaking
15:01structure above this near-term swing
15:03high. And again, we see how price
15:06displaces through that 25 DRT level. If
15:09we drop down to the 4our time frame. Now
15:12what we can do is we can take the
15:14dealing range low and the first high
15:17that closes above that 25 DRT level here
15:21can form our new dealing range. Now
15:24since we anticipate a reversal, we've
15:26seen a break in structure on the daily
15:28time frame and we've seen price close
15:31above that 25 DRT level. We can grade
15:34that range as a type one dealing range.
15:36Remember, a type one dealing range is a
15:38continuation dealing range inside of a
15:41higher time frame type two dealing
15:43range. So, we anticipate price to drop
15:45lower. And here you can see it drops
15:48into a fair value gap that rests at that
15:5250 DRT level. So, essentially, we're
15:55trading back into a discount market
15:58relative to our type 1 dealing range.
16:00Now, of course, I have to give you an
16:03example of this. Now, I've given many
16:05examples obviously of dealing range
16:07theory and how accurate it is and the
16:09feedback has been absolutely incredible
16:11with all the messages I've received. So,
16:12just want to take a minute to thank you
16:13guys for that. But I promise you, if you
16:15keep back testing this model, you're
16:16going to find so many gems in this for
16:18yourself. Anyway, here we have the Euro
16:21dollar on a daily time frame. Straight
16:24away, you should be able to spot these
16:27equal highs. So you can see that here we
16:30are in a type two dealing range where we
16:34anticipate the market to run higher. We
16:37can grade this type two dealing range
16:39from our dealing range high to our
16:42dealing range low. Now you see that we
16:44have traded through that 25 DRT level.
16:47But notice that the market never comes
16:49back down below equilibrium into a
16:51discount until we get over here. So,
16:55we've had this really large period of
16:58consolidation where we have our type
17:01three dealing range. Now, I'm going to
17:02do a separate video on how we can trade
17:04type three dealing ranges, but for now,
17:07if the market doesn't drop into a
17:09discount, what do we do? Well, we wait
17:12on this time frame. Unfortunately, we're
17:14going to be waiting for quite some time.
17:16But one thing I want you to remember
17:18here is that if you replace that daily
17:20time frame with a 1 hour time frame or a
17:2315minut time frame, price is fractal.
17:25It's the exact same process from a
17:27higher time frame down to the lower time
17:29frame regardless of what style of trader
17:32that you are. Now for my boot camp
17:34students who know the timing elements in
17:36relation to the type of trading style
17:38that you are going to use for this type
17:40of model, we can further use dealing
17:42range theory as a framework. Now, I want
17:45to zoom in on this piece of price action
17:47here and continue to stay on this daily
17:50time frame as I dim these levels
17:53slightly so that you can see this in a
17:54little bit more detail. So, here we have
17:56that piece of price action. The red
17:59dotted line here, I'm not sure if you
18:00can even see that, but that is that 50
18:02DRT level on the higher time frame. And
18:04we can see that price failed to get
18:07above it, dropped back lower and into
18:11the
18:13inefficiency again. We can see the
18:15bodies over here having a real
18:17unwillingness to drop any lower into
18:19that fair value gap. Now here we have
18:23this low, we have this low to the left,
18:26and we have this low to the right. So we
18:28have formed an intermediate term swing
18:31and a smiley face apparently. But this
18:34intermediate swing gives us a lot more
18:36feedback. It means that the market is
18:39likely to have turned a corner after
18:41rebalancing this inefficiency. We then
18:43obviously see it travel higher and make
18:46this swing high. So we can take this
18:49information and we can plot our dealing
18:52range levels or our DRT levels. It's
18:55really worth noting how that 25 DRT
18:58level overlaps perfectly with the 50 DRT
19:01level on the higher time frame. The more
19:03studies you do on this, the more it's
19:05going to open your eyes to see how DRT
19:07is absolutely the algorithmic structure
19:10of the market. Now, after stage one,
19:12when we have identified our higher time
19:15frame type two dealing range, we can use
19:17this current dealing range as a type one
19:19dealing range and therefore we
19:20anticipate price to drop back below the
19:2350 DRT level into a discount market. Now
19:27for stage two, we want to see a raid on
19:29liquidity and or a rebalance of an
19:32inefficiency. And we can clearly see
19:34that the market drops lower below
19:37equilibrium and into our buy side
19:40imbalance that also nests at that
19:43equilibrium level. Again, this is
19:45something that we call our measuring
19:46gap. Now, interestingly, if we pull up
19:49the dollar index, which is our
19:51correlated asset to the Euro dollar, and
19:54again, this is inversely correlated. So,
19:57as euro travels higher, we anticipate
20:00the dollar index to drop lower. Again,
20:02if we grade our entire dealing range
20:05here from our dealing range high to our
20:07dealing range low, notice that price
20:11runs higher inside of a type one dealing
20:14range in a bearish higher time frame
20:16market profile and it fully rebalances
20:19our fair value gap. But notice this
20:22small detail here. The bodies here fail
20:25to close outside of that fair value gap.
20:28Whereas on the Euro dollar, we see it
20:31close outside of that fair value gap. So
20:35we class this as a fair value gap SMT
20:37divergence in an already underlying
20:41bullish market. Now I just want to add
20:43here we never ever ever trade just off
20:46SMT alone. It should only ever be used
20:49in context and as an extra confirmation
20:52to a bias that you have already
20:54underlined from your analysis in stage
20:56one and in stage two. Anyway, moving on.
20:59Let's drop down to a 4hour time frame
21:02here on the Euro dollar. So again, you
21:04can get a little bit more detail here.
21:06I'm just going to dim out those higher
21:08time frame levels. So we obviously had
21:09that blue shaded area was our daily fair
21:12value gap that nested at that
21:14equilibrium price point. Now already you
21:16should be able to see what type of
21:18dealing range we have here on the 4hour
21:20time frame. That's right. We have a type
21:24two dealing range where we have equal
21:27highs or relative equal highs above the
21:30market. And this comes off the back of a
21:33turning point where we have seen price
21:35drop into a discount on a type one
21:37dealing range on a higher time frame and
21:40seen a stage three fair value gap SMT
21:43divergence. Now watch what happens when
21:47we grade this dealing range. Note our
21:50stage 4 close through our 25 DRT level.
21:54Also note this area. We close above the
21:59higher time frame 50 DRT level and the
22:02consequent encroachment of that daily
22:04fair value gap. At the same time, we're
22:08seeing the British pound fail to make a
22:11lower low. Whereas here on the Euro
22:13dollar, we can see a clear lower low
22:16being formed. Note the bodies of the
22:19candles here respecting that 25 DRT
22:22level and dropping into our buy side
22:27imbalance. Again, where does it nest?
22:30Inside of that 25 DRT level. Price then
22:34turns around and we see it repric back
22:37through that 50 DRT level. We then drop
22:41back lower and note all that price
22:44action here in the in the form of the
22:46candles bodies. They're failing to close
22:48below the consequent encroachment of
22:49that buy side imbalance that again nests
22:52at that 50 DRT level. Now, I explained
22:55all of this with entries and everything
22:58in the previous video. Again, I'll link
23:00that up somewhere. But for the purposes
23:02of this video, I want to keep it as
23:05simple as possible. Now, at the same
23:06time as price was dropping into that 50
23:08DRT level, it's worth noting what was
23:10happening with the British pound. I'll
23:12leave that for your own homework. Now,
23:15in this case, placing an entry at the 25
23:18DRT level and you stop below the dealing
23:20range low and then taking a second
23:23position at the 50 DRT level with your
23:26stop below the low at 25 DRT. Once price
23:30gets above the 75 DRT level on a closing
23:34basis, it's fine if you move your stop
23:37accordingly to that 50 DRT level. This
23:41is obviously if you want to stay
23:43conservative. There are many ways to
23:45skin a cut using this model and whatever
23:47your preference is, but make sure you
23:50respect your risk parameters. Remember
23:53the main thing about trading here is
23:55capital preservation. As a quick side
23:57note here, notice after we run the
24:00dealing range high, price drops lower
24:04back below the 50 DRT level and digs
24:07deeper into that buy side imbalance over
24:10here and sweeps the liquidity below this
24:14low that's nested inside of that 50 DRT
24:17level. Again, notice the bodies over
24:19here failing to close below it. And if
24:21you take the dealing range low to the
24:24newly formed, let me get rid of all of
24:26that. The dealing range low to the newly
24:28formed dealing range high, we drop back
24:31into a type one dealing range. Also
24:34worth noting the equal highs that we now
24:37have above the market. We haven't quite
24:41reached that far at the time of this
24:43recording, but that would be the most
24:45likely draw on liquidity. Now, of
24:48course, for those of you who have a
24:49little bit more understanding, we can
24:52refine this whole dealing range down to
24:55a lower time frame where here on that
24:574hour, we have the dealing range low and
25:00that first push through our 25 DRT
25:03level, we can grade that entire dealing
25:05range and again, we have another type
25:07one dealing range where we drop back
25:09below equilibrium. Now, you can use this
25:134hour time frame as the higher time
25:16frame. Remember, we traveled all the way
25:17from the weekly, the daily, and the 4
25:19hour. You can get even more dialed in
25:22and refine this from taking scalping
25:26models into full-on swing trading models
25:29based on DRT. It really is a universal
25:32model. You can apply anything to this.
25:34Whether you understand how to use the
25:36market maker model, which is basically
25:37what we have here with buy and sell
25:40programs, the power of three, optimal
25:42trade entry, everything literally fits
25:45inside of the DRT framework. And it
25:46encapsulates all of ICT's concepts into
25:50an actual working model. And this is
25:52something that we've really missed in
25:53the ICT space. If you just use this
25:56alone, you can do what I did and make
25:59real life-changing money. It can
26:01genuinely help you to quit your job, but
26:03you have to learn how to control your
26:06emotions and really respect your risk
26:09management. You have everything that you
26:11need in this one video. If you like to
26:13go deeper and you want to understand the
26:17algorithmic key levels and the different
26:19PD arrays, all the different timing
26:21elements and projections of how we can
26:24predict the highs and lows of when and
26:26where they're likely to form, then it's
26:28worth checking out my boot camp. And you
26:30can find more details on a web page in
26:32the link below. But if not, that's
26:34absolutely fine because this is my gift
26:37to the trading community. after almost
26:39eight long years of study, being able to
26:42interpret the market in this way, I
26:44already know is going to be
26:45life-changing for many people out there.
26:48So again, thank you for all of your
26:50support. This video concludes the DRT
26:52series after this. I am going to do a
26:54whole lot more foundational stuff. So I
26:56do apologize to those of you who are
26:58really new to algorithmic price action
27:00and ICT concepts. Please let me know in
27:03the comment sections what you would like
27:04me to teach next. Like this video,
27:07subscribe, and that will really help the
27:09channel out, and I'll continue dropping
27:11a ton of free gems and value right here
27:14on this channel. Again, thank you for
27:17watching, and I'll see you in the next
27:19video.
27:23Okay, I think that will do.

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