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Market Mechanics Ep 8: Premium and Discount — Transcript

by Brad Goh (The Trading Geek) · 4,874 words · 744 segments · language en · Watch on YouTube

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0:00One of the biggest reasons traders get
0:02trapped is because they buy too high and
0:06they sell too low. They see a bullish
0:08market and buy right after prices
0:11already moved to the upside. Or they see
0:13price going down and then they sell
0:15right into the lows.
0:17But smart traders understand premium and
0:20discount. They know when price is cheap,
0:23when price is expensive, and where they
0:27actually want to do business.
0:29Now, in this lesson, I want to show you
0:31how to add premium and discount, which
0:33is a very useful tool,
0:35so that you can trade with much more
0:37precision.
0:39Because finding a zone is one thing.
0:41Like what we covered in the previous
0:42lesson, it's easy to mark up supply and
0:44demand zones when you really understand
0:46the principles behind them.
0:48But knowing whether that zone is in a
0:51good part of the range is what separates
0:54average traders from precise traders.
0:58So, let's go through premium and
1:00discount. One of my favorite tool, which
1:01is so simple to use, I can't even
1:03believe that I'm dedicating a lesson
1:05towards these two because it's really
1:07that simple. I'm going to break it down
1:09step by step as usual. Right, so first
1:11of all, what are premium and discount?
1:13Right, premium and discount is a basic
1:15principle that can be used when we
1:16purchase goods and services and also in
1:19the financial markets. For example, when
1:23a laptop is on a discount,
1:25this means that it's cheaper than retail
1:27price. This also means that more people
1:30would want to buy that specific laptop,
1:32thereby there'll be an increase in
1:34demand for it.
1:36If you apply that same concept into the
1:38financial markets, you will know that
1:40when price is at a premium, ideally
1:43there's going to be supply. When price
1:45is within a discount range, ideally
1:48there should be demand. So now we can
1:50use
1:51premium and discount to decide when to
1:53buy low and when to sell high in order
1:55to make a profit from our trades.
1:58So, the premium pricing, which is pretty
2:01much above the 50% of the range itself,
2:05this is an area where price is
2:07relatively expensive
2:10within the range itself. And then the
2:11discount is an area where price is
2:14relatively cheap within the range.
2:16So, how you draw the premium and
2:17discount is to follow these three steps
2:20right here. But before I go through
2:22these three steps, I want you guys to
2:23copy my settings when it comes to this
2:26tool itself. Right, I'm going to show
2:28you guys where to get this tool. So,
2:29just go to TradingView, go to fib
2:32retracement, which is this one right
2:33here, click on it, and then you can just
2:36draw and your default one will probably
2:38look something like this, right? Looks
2:40very, very ugly. We don't want that. We
2:43want to change it to become premium and
2:45discount. So, what you want to do is to
2:47double click on it and then
2:49just copy my exact settings right here.
2:51Right, so whatever I have on the screen
2:52right here, just go and copy it over.
2:55You can just pause this video and do
2:56that right now.
2:58Now,
2:59let's talk about how to actually use
3:01them on the charts itself.
3:04Like I said earlier,
3:06premium and discount applies not just in
3:08the real world, but also in the
3:10financial markets.
3:11This means that when price is in a
3:13discount zone, which is below the 50%
3:15level, below the equilibrium level of
3:18the entire range,
3:20long positions are considered high
3:22probability. So ideally, we want to look
3:25for longs when price gets down to a
3:27discount pricing.
3:29When price is in the premium zone, above
3:32the 50% equilibrium level,
3:34short positions are considered high
3:37probability.
3:39This is how institutional traders, they
3:41sell high and they buy low. They wait
3:44for price to come down at a discount,
3:45then they scoop it all up. And then once
3:48price get up to a premium pricing, or
3:50when price is already in a premium
3:51pricing, they know that it's expensive
3:53right now, so they short it down.
3:56And how you use it is, like I said, just
3:59following these three simple steps right
4:01here.
4:02First of all, go and identify the market
4:04structure, right? Whether it's a bullish
4:06break of structure or a bearish break of
4:07structure. Once that's happened, then
4:10you can identify the swing low and the
4:12swing high, which is a swing range.
4:15Now, what you want to do is to just drag
4:16this premium and discount tool,
4:19just like this, from the swing low to
4:22the swing high, or vice versa. I'm just
4:26put that to my premium and discount and
4:27get this ugliest thing out of my way.
4:29So, yeah, you can see, that's how you do
4:31it, right? You pretty much just
4:33drag the premium and discount tool. Let
4:36me just show you guys
4:37it again. Let me just delete this.
4:39Right, just take the premium and
4:40discount tool, drag it from the swing
4:42low or to the to the swing high,
4:45or vice versa. It doesn't really matter
4:46like what order you do it in, right?
4:48Because
4:49you will come to the same conclusion
4:50that, okay, this is the entire range,
4:52above the 50% level, we are in a
4:54premium, below the 50% level, we are in
4:56a discount.
4:58So, this is where you will be able to
5:00know that if price is above the
5:02equilibrium, right? So, this is the
5:04equilibrium level, right? This middle
5:05line that you can see on the screen
5:07right now. If price is currently, let's
5:10say, somewhere around here, then we know
5:13that price is in the premium pricing.
5:15And we know that price will potentially
5:16go down even further, and this is where
5:18we can look for shorts and play the
5:20pullback
5:21until price comes down to the discount
5:23pricing. But the minute price comes
5:25down, goes below the equilibrium level,
5:28now price has officially entered into
5:30discount territory, which means that
5:33there's going to be demand at this area
5:34here. Right, so at any point of time, it
5:36could just reverse and head back up,
5:38continuing this bullish market
5:40structure.
5:42So, yeah, you basically use the premium
5:44and discount after you identify a swing
5:48range. Right, so you just place this
5:50tool on there, and then based on where
5:52price is currently at, you can determine
5:55the best course of action. So, if price
5:56is in a premium pricing, you ideally
5:58should look for shorts. If price is
6:00within a discount pricing, ideally you
6:01should look for longs.
6:03This is how you do it on a uptrend,
6:05right? On a bullish market structure.
6:08Now, let's look at a bearish market
6:10structure.
6:12Okay, so apply the same principles right
6:14here, right? So, we got price comes
6:15down, pulls back, and then goes down
6:17creating a bearish break of structure.
6:19This is the swing high and this is the
6:20swing low.
6:22So, in this case, we can just use our
6:24premium and discount tool once again,
6:26right? Drag it from the swing high to
6:28the swing low. Doesn't matter what order
6:30you do it can do it from the swing low
6:31to the swing high, or the swing high to
6:32the swing low. Doesn't matter. And then
6:35you put it all the way up there, and
6:36this is where we know that if price is
6:38above the 50% level, we should look for
6:40shorts. Price is within the 50 below the
6:4350% level, then ideally we should not
6:45look for shorts, right? Because this is
6:47just too early.
6:48So, in this case, what I've done is that
6:50I've combined supply and demand zones
6:52with the premium and discount concept.
6:55So, this is the swing low that led to
6:57the break I mean, this is a swing high
6:59that led to a break of structure, and
7:01using supply and demand, we know that
7:02this is the origin point of this
7:04imbalance move to the downside. So, that
7:06is where we can mark up a supply zone
7:08right there.
7:09So, in this case, ideally,
7:13I want to wait for price to come back up
7:15to a supply zone that is within premium
7:17pricing, then I look for shorts. Right,
7:19which means that if I see the same
7:20supply zone or another different supply
7:22zone happen somewhere within a discount
7:24pricing, just like this, it might be a
7:27little bit too early to look for shorts,
7:29because there's more room for price to
7:31pull back since price is still within
7:33the discount territory.
7:35So, in this case, I'm much better off
7:37just ignoring the supply zone within the
7:39discount pricing, because there's a very
7:40high chance that it's going to fail, and
7:42just waiting for price to come up to my
7:44supply zone that is within the premium
7:46pricing, within the premium range, then
7:48I look for shorts.
7:50Okay, so TLDR, bullish market structure,
7:54wait for price to enter discount zone
7:56before buying. Wait for price to come
7:58and mitigate a demand zone that is
8:00within the discount range, then look for
8:02longs.
8:03Bearish market structure, wait for price
8:05to enter premium zone before selling.
8:08Wait for price to come up and mitigate a
8:11supply zone within the premium range,
8:13then look for shorts.
8:16So, yeah, that's the theory for premium
8:17and discount. Like I said, I think it's
8:19super duper simple.
8:20I don't think
8:22it requires rocket science, right? I I
8:24think you can like master this with like
8:25five brain cells or something. So, yeah,
8:28it's very simple. Now, let's try to
8:29apply these onto the charts. Once again,
8:32just to reinforce your understanding of
8:34this concept itself. So, let me just
8:36remove all these drawings right here,
8:38and let's just go to like a random point
8:40in time. Okay, so let's just
8:43go bar replay and just go to like, you
8:45know, like let's say like right here.
8:46Okay? So, in this case, the first thing
8:49you want to do when you are trying to
8:51use this premium and discount concept is
8:53to determine when
8:55or where to place the tool. Okay, how do
8:57you know where to place the tool? Do you
8:58just place it right here? No. You want
9:01to find a swing range in which you plan
9:03to use this tool on.
9:05So, in this case, first step, always go
9:06and identify structure, right? So, in
9:08this case, I see that price is obviously
9:10bullish. How do I know that? I know that
9:12because price has just created higher
9:15highs, higher lows, higher highs, higher
9:16lows, and another higher high. So, this
9:19is where we can identify my bullish
9:20break of structure right here.
9:23And then with that in place, I know that
9:26the lowest point that led to the bullish
9:28break of structure, this is my swing
9:29low, so I can just map that out as my
9:32swing low right there. It's also a
9:33strong low since we're in a uptrend. And
9:36then this is my swing high, right? So,
9:40this is a weak high since we're in
9:42uptrend. So, we're expecting price to
9:44pretty much
9:46goes up, pulls back, goes up, pulls back
9:48create like a new higher low somewhere
9:50around here, and then continue going up,
9:52continuing the higher high and higher
9:54low dynamic because we are in a bullish
9:56market structure.
9:58And remember like what I mentioned
9:59earlier on,
10:00in a bullish market structure, you want
10:02to wait for price to enter discount zone
10:05before buying. Okay, so going back here,
10:07we have identified a swing high and a
10:09swing low, which is the first step. The
10:11second step is to drag the Fibonacci
10:13tool or the premium and discount tool
10:15from the swing low to the swing high.
10:18Right, so in this case, take my premium
10:20and discount tool right here, drag it
10:22from the swing low to the swing high
10:23just like this.
10:25Okay, so just by doing this alone, we
10:27know where exactly price is in right
10:29now. Okay, so this is where, like I
10:32mentioned, above the equilibrium level,
10:34this is your premium pricing. Below the
10:37equilibrium level, this is your discount
10:39pricing.
10:40And right now, look at where price is
10:42at. Price is somewhere at the 50% level.
10:46If we go back a few minutes before it,
10:49where price is at right now, you will
10:51see that this is
10:55very high up within the premium pricing
10:57itself. Which means that if today I want
10:59to look for longs to trade in
11:01continuation with this higher time frame
11:03bullish market structure,
11:05I should not be looking for longs right
11:06here.
11:07Because we are still quite high up
11:09within the premium pricing, and we could
11:11literally just be at the start of the
11:13pullback itself. Okay, that means
11:15there's more room for price to
11:16potentially drop into the discount
11:17pricing, and then once it does, then we
11:20can potentially look for longs to trade
11:22that new higher low.
11:25So in this case, if you want to trade
11:27counter trend, right, if you want to
11:28actually take advantage of the price
11:31action right now, what you can do is to
11:33look for shorts. Right, look for shorts
11:34to play the pullback to the downside.
11:37And just nice, the best time to look for
11:38shorts is obviously at the start of the
11:40pullback, and also when price is within
11:43the premium range, above the 50% level
11:46right here.
11:47So in this case, if you were to look for
11:48shorts, right, you can short it down,
11:50right, but
11:52understand that once price gets down
11:54into discount range, at any given
11:57moment, you could just shift bullish and
11:58price could just continue going up.
12:01Any moment, right, because this is where
12:03institutions are deeming price as cheap,
12:06so as a result, they're going to start
12:07looking for longs anytime right here.
12:10So now, let's go one step even further
12:12to apply what we just learned in the
12:14previous lesson, which is the supply and
12:15demand zones. So in the uptrend, ideally
12:18I want to be buying at demand zones.
12:20Okay, so downtrend, sell at supply zones
12:23because I'm expecting uh price to hold
12:25at all of these lower highs because the
12:27sellers are in control. In the uptrend,
12:29I want to buy at demand zones because
12:31price is going to be respecting the
12:33previous higher low. So in this case,
12:35I'm looking at this range right here,
12:37and let me just go back a little bit to
12:39where price was just now, and this is
12:41where I can try to map out every demand
12:44zone that I see on the screen right
12:45here.
12:45I always start from the extreme, right,
12:47so this is the range. Price goes up,
12:49right, so this could be a very obvious
12:51demand zone right here.
12:55Right, so just do the range method,
12:57right, I'll just mark this entire range
12:59over here.
13:00And then there's also
13:02another
13:04good oh supply and
13:07I'm just refine this a little bit.
13:09There's also another demand zone right
13:10here where price goes up, pulls back,
13:12and then goes up. Right, so this is
13:14another demand zone right here. And then
13:17there's another range right here, right,
13:19you see price consolidate a little bit
13:21and then goes up, right, so this could
13:22be another range. And then if I want to
13:24be even more precise, I can also draw
13:26this
13:27demand zone right here where price went
13:28up, pulls back, and then goes up. So in
13:31this case,
13:32notice how we have four demand zones on
13:35the screen right here. Okay, looks a
13:37little bit messy right now, but there's
13:39around four demand zones. And this is
13:42all using the range method. If I were to
13:43use the pivot method, which is just to
13:46draw the demand zone using the reversal
13:48candle, the pivot candle, it'd be a lot
13:50more precise, something just like this,
13:53this, and also something like this.
13:56Right, it's a lot more precise just like
13:58this.
14:00Yeah, but anyways, there's four demand
14:01zones on the screen. And you might be
14:03wondering which demand zones should I
14:06enter for longs? Right, like which is
14:07the demand zone in which I should be
14:10actually entering buy orders at?
14:13Well, this is where you combine this new
14:15concept of premium and discount.
14:17Remember, when price is within that
14:19premium, you don't want to enter for
14:21longs, right, because if you enter for
14:22longs, it's a little bit too premature.
14:24It is a little bit too early. So if
14:25that's the case, that automatically
14:27disqualifies this demand zone that is
14:29within the premium pricing, which is
14:31above the 50% level. So we can expect
14:33that demand zone to fail.
14:35And sure as hell, price did blast right
14:38through that demand zone, right, you can
14:39see price blast right through the demand
14:41zone, bang, disqualified, gone.
14:44What about this one right here? This one
14:45is within the
14:47discount pricing, right? So
14:50here's a pro tip for you guys.
14:52The more extreme the zone is within the
14:56range, the higher the probability.
15:00The higher the chance it's going to
15:02hold. What I basically mean by that is
15:04that
15:06this zone right here is the extreme
15:08zone, which is situated at the extreme
15:10swing low, is going to be much more high
15:12probability than like this low right
15:14here. I mean that this zone right here.
15:17Reason being, if you think back about
15:18market structure, which basically states
15:21that the previous low has to hold in
15:23order for price to remain bullish.
15:26So using that same definition, you will
15:28know that when price comes down to this
15:29extreme demand zone, it has to hold. It
15:32must hold in order for the bullish
15:34market structure to remain intact.
15:36Right, in order for price to just
15:37continue going up. So using that logic,
15:41the extreme zone is usually the most
15:43high probability.
15:46So in this case, this zone is much more
15:48high probability than this zone, and
15:50this zone is much more high probability
15:51than this zone. Because it's more
15:53further and deeper into the discount
15:55pricing, right, which means
15:57that there's a higher chance for this
15:58zone to work out compared to this zone
16:00over here.
16:01And sure,
16:03exactly just like what we thought, price
16:05came down to this demand zone, blast
16:07right through it. Okay, blast right
16:09through it, even though it was within
16:10the discount range.
16:12And then down price came down, blast
16:13right through this one as well, and then
16:15it came down to the extreme zone, the
16:17extreme demand zone.
16:18So I'm not going to talk about entries
16:19and exits because it's still way too
16:21early in this mentorship series. We're
16:22going to talk more about entries and
16:24exits later on. But for now, just
16:26understand that this is how you should
16:28be applying the premium and discount. In
16:31a bullish example like just like this,
16:33you want to find the low, the high, put
16:36the premium and discount tool, wait for
16:37price to come below the 50% equilibrium
16:40level, get into the discount pricing,
16:42mitigate some form of demand zone, then
16:45look for confirmation, then look for
16:47longs, and trade the upside.
16:50Okay, so
16:51once again, let's just see what price
16:52does next.
16:54Okay, price respected this zone,
16:56respected this zone,
16:58and then starts consolidating around
16:59here a little bit,
17:01right, starts consolidating around here
17:03a little bit, and then eventually it
17:04starts going up, and boom, going up
17:06there, and breaks structure, right, so
17:08it's going up there, creating another
17:10bullish break of structure to the upside
17:12right after it has mitigated our extreme
17:15zone that is within the discount
17:16pricing.
17:17Now over here, there's some form of like
17:19liquidity sweep, which is a concept that
17:20we're going to delve deeper later on,
17:23but you can see, in this case, this
17:25demand zone failed. This demand zone
17:27failed. Price gravitated towards the
17:29extreme demand zone
17:31because it's situated at the strong low,
17:34and it's also at the end of the discount
17:36range.
17:38So that's a bearish example. Now let me
17:40try to show you like uh No, that's a
17:42bullish example. Now let me try to show
17:44you like a bearish example.
17:47So once again, you can apply this
17:48concept across every single time frame.
17:51Okay, so I've just done it on the
17:5215-minute time frame. Now let me try to
17:54do it on the 5-minute time frame for you
17:56guys to see.
17:57Okay, so using this example right here,
17:59price is bearish, lower highs, lower
18:01lows, lower highs, lower lows. Right, so
18:03this is the most recent bearish break of
18:05structure, so I can just map that up.
18:08Which means that this is our swing high.
18:12And then this is our swing low.
18:16Okay, so now, what you can do is to
18:20actually
18:21map out your premium and discount,
18:23right, so that's the most obvious next
18:24step. Okay, so after you determine the
18:27trend direction, which is bearish, and
18:29you want to look for shorts,
18:31you want to identify your swing range,
18:32swing high, swing low. Once that's done,
18:34take out your fib retracement tool, drag
18:37it from the swing high to the swing low
18:38just like this, and bam, you got your
18:40premium and discount.
18:42So now, in a downtrend, we want to look
18:45for shorts
18:46when price is at the premium range.
18:49Okay, so I don't want to look for longs
18:50right here because this is where price
18:52is cheap. It's considered as a discount.
18:54So if I enter for shorts right here,
18:56it's a little bit too early. Okay,
18:58because there's more room for price to
18:59come up to within this premium pricing,
19:02and then start reversing and head back
19:04down.
19:06So in this case, let's just continue to
19:07see what price does, but before we do,
19:11let's say I want to look for shorts at
19:13using this trade idea here, where should
19:15I be looking for shorts? Ideally at some
19:17form of supply zone. Right, so once
19:19again, let's draw the supply zone. Okay,
19:21so always go from the extreme, this is
19:23the extreme supply zone. Right, this is
19:25the pivot candle that led to this huge
19:27imbalance move to the downside right
19:29there.
19:30And then there's another
19:32supply zone right here where price comes
19:35down, make a drastic pullback, and then
19:37goes down even further.
19:38And then another one right here. Let's
19:40refine it using the pivot candle, just
19:42like this.
19:44Just like this. Okay, so now there's
19:47one, two, three, three supply zones
19:49right here. Just nice, all of them is
19:51within the premium pricing itself.
19:54So like I said, the more extreme the
19:55zone is, the higher the probability, the
19:57higher the chance of it actually working
19:59out. Right? The more likely price is
20:01going to respect it. So if I'm judging
20:03these three zones right here,
20:06this zone right here, it has to hold in
20:09order for price to remain bearish.
20:10Right? Because that is literally where
20:12the last lower high is situated at. If
20:14price comes up there and take out the
20:15last lower high, this is where we have
20:18your market shift, which means then the
20:20trend direction is about to shift shift
20:22from bearish to bullish and right now
20:24the buyers are in control of price.
20:27So in this case, let's take a look at
20:28what happens next.
20:29Okay, so price mitigated this um second
20:32supply zone. It did not went up to the
20:34extreme.
20:35As you see that it consolidated a little
20:37around here a little bit. Right? Let's
20:38just continue to see what price does,
20:40continue to observe what price does.
20:42Okay, it seems like it's stuck in this
20:44consolidation here and nothing is
20:46happening whatsoever.
20:48Okay, cool.
20:50So in this case,
20:52what happened was that price came up
20:54there, mitigate this supply, right?
20:56Blast right through the supply because
20:58it was grabbing liquidity. Once again, a
20:59concept that we're going to delve deeper
21:01into.
21:02And I came up here, mitigate this supply
21:04zone right here and then reversed and
21:06caused price to hit all the way down
21:08here.
21:08All right. So in this case, this supply
21:11zone did does its job where there was a
21:13lot of sell orders that were situated at
21:14this area causing price to actually
21:17reverse to the downside. So if you were
21:19to look for shorts somewhere around
21:20here, you could have caught this little
21:22move to the downside right here.
21:24Right? But once again, going to delve
21:25deeper into entries and exits later on.
21:28So yeah, that's pretty much the premium
21:30and discount, right?
21:32Demand zone in discount, strong buying
21:35area.
21:36Supply zone in premium, strong selling
21:39area.
21:40Demand zone in premium, right? So let's
21:43say like this demand zone right here.
21:46Low quality. Most likely going to blast
21:48right through it.
21:49Or supply zone in
21:52um discount, low quality. Price is most
21:55likely going to blast through it.
21:57So you want to remember that the best
21:59zones, they are not just good zones.
22:01They are good zones that are located in
22:04the right part of the range.
22:06They are the demand zones that is within
22:08the discount range. They are the supply
22:10zones that is within the premium range.
22:14Okay? So that's how you use premium and
22:16discount, right? I think this is a very
22:18simple concept, so I don't want to like
22:20waste too much time on this.
22:22You can just apply this across all time
22:24frames, across all different market and
22:27asset classes and you will always be
22:29able to like just easily find a trade
22:32ideal once you start to really like
22:34combine these with supply and demand
22:35zones and market structure.
22:38So once again, to keep things simple,
22:40premium and discount helps you
22:41understand the value within a range,
22:43right? Whether it's actually worth it to
22:45actually look for shorts right now or is
22:47it too early? Or is it too late? Right?
22:50When is the perfect time?
22:51In a bullish condition, you want to buy
22:54in discount. In a bearish condition, you
22:56want to sell at premium.
22:59And once again,
23:00this is just one piece of the puzzle.
23:03You need to combine it with supply and
23:05demand zones, market structure and later
23:07on liquidity concepts, all of this
23:09stuff. When you do, this is where you
23:11can start entering trades with
23:13sniper-like position.
23:15All right? So yeah, I hope this got this
23:17concept has like really helped you guys
23:20you know, like get a little bit better
23:22understanding of how to analyze a blank
23:24chart, right? Because as traders, we
23:26want to make use of as many tools as
23:28humanly possible in our arsenal to just
23:31help us develop our trade ideal. To just
23:33help us determine our trade bias whether
23:35to look for longs and look for shorts.
23:37And honest to God, like this is one of
23:39my favorite tools to use of all time
23:42because it's so simple and most
23:44importantly, it is so effective.
23:47Like yes, 80% of the time, yes, like
23:50always it has never failed me, right?
23:52Basically like maybe only 20% of time it
23:55actually fails me, but like most of the
23:56time it works and it works ridiculously
23:59well. So yeah, just use this.
24:02Uh it doesn't just apply for swing
24:03range, you can also try to use it on
24:05internal range as well. You can also try
24:06to use it on the higher time frame,
24:07lower time frame. It's just like the
24:09context in which you're applying it will
24:12determine like
24:14what are
24:16the answer you can get from it, right?
24:18Basically, what I mean by that is that
24:19if you use the premium and discount on
24:21the daily time frame itself,
24:23what this does is that it can
24:25potentially tell you where price is
24:26going to move towards over the next few
24:28days.
24:29Compared to if you use the same tool on
24:31the 5-minute time frame, it can tell you
24:33where price is at right now and where
24:36price is most likely going to go within
24:37the next few minutes. Right? So it's
24:40like you can use this concept across all
24:42time frames.
24:44Just make sure that you are tailoring
24:46tailoring it and just make sure that you
24:48are managing your expectation when
24:50you're using it. Okay? Don't use like a
24:52premium and discount on the daily time
24:53frame while you're entering the trade on
24:55like the 5-minute time frame. Right?
24:58Like it just doesn't line up. You can't
24:59expect that, oh wait, price is within
25:02the premium pricing right now, so I'm
25:03just going to enter for a sell right
25:04here. No, that's just not how it works,
25:06right? So you want to combine your
25:08multi-time frame concepts, you want to
25:10combine the market structure, additional
25:13confluence as to just build your trade
25:16ideal so that you have more evidence to
25:19back up your trade ideal so you can have
25:21more conviction holding the trade
25:23itself.
25:24Okay? So with that being said, I look
25:26forward to seeing you guys in the next
25:28lesson. Cheers. As always, remember
25:30you're just one trade away.

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