OTE BOOTCAMP LESSON 3: BIAS AND DRAW, never be incorrect again. #trading #futurestrading — Transcript

Full transcript

1. 0:02Are you stupid? Sin made this [ __ ]
2. 0:12Okay.
3. 0:13Okay. Let's do this.
4. 0:16Nice and slow. Okay. Nice and slow.
5. 0:19Let's put my chart. We're going to do a
6. 0:21little of a slow video today, guys. A
7. 0:23little bit of a slow one. It's very
8. 0:25important. All right. I'm sat here, you
9. 0:27know, dressed up, looking kind of clean.
10. 0:30We're going to pop a snooze. Okay, pop a
11. 0:32snooze as well. Let's pop it.
12. 0:35Let's pop it. Okay, final snooze of the
13. 0:37pot. Okay. Okay.
14. 0:40Into the mouth. It goes into the mouth
15. 0:42of Z. The zery zy zy.
16. 0:46The rollies on. And if you guys didn't
17. 0:49know, we're getting the AP. Okay, we're
18. 0:51getting an AP, guys. Okay. Don't tell
19. 0:53TGR. Okay. Oops. Okay. Oh, my rolley.
20. 0:56[snorts]
21. 0:57Don't flash them. Okay. Okay, guys.
22. 1:00Anyway, so we're here. Uh, today's bias.
23. 1:02All right. The most important I'm going
24. 1:03to make myself a little bit bigger now.
25. 1:05Okay. Today's bias. It's uh extremely
26. 1:08important, low-key the most important
27. 1:09bit of trading. Uh, and I want to talk
28. 1:12about how I trade bias because what I do
29. 1:14is I separate my bias into two things,
30. 1:16right? We have one which is going to be
31. 1:18temporary and one that's going to be
32. 1:20full. Okay? And with OT, what did I say
33. 1:22a million times? You guys can repeat it
34. 1:23for me. OT without the draw is gambling.
35. 1:27We ain't gamblers, bro. We make money.
36. 1:29Okay, gamblers don't make money unless
37. 1:30you're like toi or something. Okay,
38. 1:33temporary full. Got that in mind? I'm
39. 1:36going to teach you how to use both
40. 1:37today. Okay, and how we use on the days
41. 1:39cuz you're not going to be going for
42. 1:41that full bias on just an average day in
43. 1:43Asia. You're going to go for that
44. 1:45temporary, aren't you? Mhm. Okay. Not
45. 1:47every alltime high is taken in Asia, is
46. 1:49it? Is it Peter? Is it Stephen?
47. 1:54Jamal, I see you trading Jamal and I see
48. 1:57you just longing because you think it's
49. 1:59going higher. You better be using a
50. 2:01temporary or else you're going to be
51. 2:03losing all your trades no matter what OT
52. 2:04range you take. Okay. Okay. Let's go
53. 2:07through this. So, let's make myself a
54. 2:09little bit smaller so we can do this. Is
55. 2:12that small enough? Okay. Sorry if you're
56. 2:13missing my cute ass face, but I'm using
57. 2:16today's example. As you guys know, I
58. 2:17made 12K today with my students in the
59. 2:20live trading. Okay. Okay, you don't need
60. 2:21to join obviously I'm not telling you to
61. 2:23cuz I'm giving you stuff right now for
62. 2:25free. So let's go through this. So I
63. 2:27wrote some things out as you can see
64. 2:29temporary and full. It's what we're
65. 2:30going to divide the bias into. And then
66. 2:32we say this people always are yapping
67. 2:35about bias. Daily bias daily bias,
68. 2:39>> bro. Fword the daily bias and focus on
69. 2:41draw because all bias is is is where
70. 2:43price wants to go. But how do we even
71. 2:45know what where price wants to go is by
72. 2:47identifying draws. Okay. Now, I like to
73. 2:50really split my draws into two really
74. 2:53simple things.
75. 2:55Alltime highs, alltime lows, lows,
76. 2:58alltime lows doesn't exist. Alltime
77. 3:00highs and lows, right? We have alltime
78. 3:02highs, we're going higher. This is going
79. 3:04to be the full draw. Okay? Let's say
80. 3:06we're expanding all the time, right? You
81. 3:08know, like when we're at peak alltime
82. 3:09high phase and every single day, highs
83. 3:11get taken, highs getting taken. That's
84. 3:13going to be our full draw. But before we
85. 3:15like to take those highs, sometimes we
86. 3:17have to hit things or take things out on
87. 3:19the higher time frames. And that's going
88. 3:20to be our imbalances or our daily or our
89. 3:23temporary draws. Okay, temporary draws.
90. 3:26Imbalances are usually temporary draws.
91. 3:28They can also be full draws. If we have
92. 3:30a huge daily above us, that's a full
93. 3:32draw. But temporary draws are draws that
94. 3:34are going to get hit before we go to the
95. 3:36full draw. Okay, today was a really
96. 3:38clean example on how you could have
97. 3:39caught that. Right. So, I've been also
98. 3:42introducing a little bit of source.
99. 3:43right now, guys. I don't want to source
100. 3:45up too much. Um,
101. 3:47there we go. I don't want to source up
102. 3:49too much. I don't want to leak any of
103. 3:50the biz, okay? I [snorts] don't want to
104. 3:51leak any of the or the shiz, but I've
105. 3:54been working on using lower RR with my
106. 3:56model to help my students have a higher
107. 3:58win rate. And currently, I'm using it on
108. 4:00my top step. And well, we are up 12K
109. 4:03today. So,
110. 4:05as you know, I'm a higher R trader, but
111. 4:07lower R and higher R is all dependent on
112. 4:09psychology. Now, if the return is the
113. 4:11same on high and low, low is more
114. 4:13comfortable. You can trade low. Simple,
115. 4:15right? Especially in this volatility,
116. 4:17we're using higher stops, okay? We're
117. 4:19using bigger stops. We're using belly
118. 4:21stops, right? We're eating a lot. Okay?
119. 4:24So, lower R is what we're going to be
120. 4:25introducing in this video as well
121. 4:27alongside the draw video. Back to being
122. 4:29small. Okay? Back to being tiny. Okay.
123. 4:32Now, let's go through this. So, today's
124. 4:35example for draw was really simple. You
125. 4:38jump on the charts. What do you see? M
126. 4:40okay we're going higher probably going
127. 4:41higher the last days we're going higher
128. 4:43we will we'll like I always say we'll
129. 4:45keep it simple let's look for longs but
130. 4:48before you guys want to look for longs
131. 4:50before you guys want to identify SMTs
132. 4:51before you guys want to do anything like
133. 4:53that we need to understand price is
134. 4:55going to want to do some things
135. 4:56especially especially if this is before
136. 4:59New York we haven't swift inducement and
137. 5:01we're just ranging downwards for the big
138. 5:03move up then we need to identify that
139. 5:05temporary draw and the way I like to
140. 5:07identify temporary draws like I said is
141. 5:09imbalances. Okay. Now, anything from,
142. 5:13[sighs]
143. 5:14let me write this down real quick. I'll
144. 5:17make it really simple.
145. 5:21One 2D.
146. 5:24No, that doesn't make sense. 1 hour, 4
147. 5:27hour, daily. Okay, these are going to be
148. 5:30really nice fair value gaps to look at
149. 5:31for temporary draws. Okay, specifically
150. 5:34the most important which is going to be
151. 5:364hour. Okay. Now, on this day before we
152. 5:40like to have that pump, obviously uh
153. 5:42P.M. and end of the day P.M., like I'm
154. 5:44talking like an hour before open, we
155. 5:46decided to dump. That was because the
156. 5:48move didn't get initiated. However, I
157. 5:50still made my money before being trailed
158. 5:51out on the longs. So, let's talk about
159. 5:53the longs and talk about the shorts. So,
160. 5:55number one, we identify the temporary
161. 5:58draw. Like I said, imbalances. What do
162. 5:59we have? We have a 4hour unfilled. Now,
163. 6:02lucky for us, our level was below the
164. 6:04unfilled, meaning that we had valid
165. 6:06ranges. Okay, so what is this unfilled
166. 6:084hour? Okay, we're going to label this
167. 6:11as our
168. 6:16temp draw. Now, when you're trading to a
169. 6:19temporary draw, this is going to have to
170. 6:21get hit. Okay? When you're trading to a
171. 6:23full draw, you can go break even. You
172. 6:25can trail uh obviously go break it
173. 6:27anyways, but you can trail and and it
174. 6:28doesn't always have to get hit because
175. 6:30price is going to go in that direction
176. 6:31in the general. Doesn't always have to
177. 6:33get hit. Not every day does a high get
178. 6:34taken, right? Previous day high,
179. 6:36previous day low. That's another big
180. 6:37misconception.
181. 6:38Another really, really big
182. 6:39misconception, guys, is people expect
183. 6:43previous day highs and lows just to
184. 6:47to determine their bias every single
185. 6:49day. There's been so many days where
186. 6:51previous day highs and lows aren't going
187. 6:52to get taken, right? Right? And you got
188. 6:53to focus on the direction price wants to
189. 6:55go towards those highs. It doesn't mean
190. 6:57you always have to TP at them, right?
191. 6:58You can TP them finally. You can have
192. 7:00like a final TP there, but if you want
193. 7:01to trail a little bit and make sure that
194. 7:03if we go so far deep into New York PM
195. 7:05and we're just consolidating, price is
196. 7:07most likely not going to go up there.
197. 7:08It's unrealistic, right? So, let's uh
198. 7:10numb this down once again.
199. 7:14Okay,
200. 7:16so the temporary draw was the unfilled 4
201. 7:18hour. How could you have taken this to
202. 7:20your advantage? Two ways. either you
203. 7:22could have been very disciplined and
204. 7:24been okay so I want longs
205. 7:28if I'm trading OT let's identify the
206. 7:31range and let's just wait for price to
207. 7:33sweep the unfilled let's say you have
208. 7:35some evals okay h right I have some
209. 7:38evals I can risk you know you know risk
210. 7:41a little bit more on them I understand
211. 7:42that we have a temporary draw let's
212. 7:44trade down to those temporary draws and
213. 7:46let's trade up to those four draws on
214. 7:48our funded accounts just like I did
215. 7:50today so let's find that entry towards
216. 7:52here. Right? What do we do? So, we've
217. 7:55identified the temporary draw. This is
218. 7:56the line of the 4hour opening. This is
219. 7:59where we TP if we're looking for that
220. 8:00temporary draw. Now, what are we doing
221. 8:02as well? We're just applying pressure to
222. 8:05the downside by reacting off of every
223. 8:07single range. As you can see, we have
224. 8:09more um
225. 8:12uh what's the word? We have more
226. 8:16like conviction. Yeah, we have more
227. 8:19conviction. we'd go lower because as you
228. 8:20can see the past ranges have been
229. 8:22playing. So we're thinking to ourel,
230. 8:23okay, so we really are just trailing and
231. 8:25and then and kning down to this draw,
232. 8:27the temporary draw. So let's look for
233. 8:29our entry. Okay, now the entry I took
234. 8:31was really simple and it wasn't even
235. 8:33having stuff aligned within it. It was
236. 8:35just a matter of discretion and my
237. 8:36evals. Right. So this is the third range
238. 8:39got made. This range reacted from this
239. 8:42range reacted from. And this is the
240. 8:43range that I was on the charts for and I
241. 8:45was like, okay, I'm going to take this
242. 8:46trade. I'm going to TP at the at the 4
243. 8:48hour opening, right? So, really, really
244. 8:51simple. High to low, third range. Okay.
245. 8:54Where you going to enter? Lower R. If
246. 8:57you're using lower R, you could enter at
247. 8:58the 62. Cover the whole of the ranges
248. 9:00and TP here. If you're using higher R,
249. 9:03the way that I traded was, you can just
250. 9:05enter off of the 705 since it's right
251. 9:07above the inducement at the 62.
252. 9:10Risk not getting tapped in, but then
253. 9:12have a having a tighter stop loss in
254. 9:14that case. Okay. 20 even right even 10
255. 9:17point would have held but I'm talking
256. 9:19about lower lower RR today okay now as
257. 9:21you can see price ends up going up here
258. 9:25and coming down to our temporary draw
259. 9:27okay we get tapped in and price comes to
260. 9:29our temporary draw really simple tell me
261. 9:32how OT isn't the easiest model because
262. 9:33all we're doing
263. 9:35pardon me guys all we're doing is we're
264. 9:37coming up we're reacting from ranges
265. 9:39small range bigger range biggest range
266. 9:42finally taking the straw out now Okay,
267. 9:45as you can see the 4hour has now been
268. 9:46tapped. Now we're thinking, okay,
269. 9:48temporary jaw taken.
270. 9:54Now it's time to look for the full draw.
271. 9:57Now, in this case, today I was bullish.
272. 10:00Does that mean I have to have a draw?
273. 10:01No, it just means I expected the
274. 10:02all-time high to get taken. By all-time
275. 10:04high, I didn't mean alltime high. I mean
276. 10:06just the the previous day high. I expect
277. 10:08the price to go towards that direction
278. 10:09since we are bullish in general. Okay,
279. 10:13as you can see, we're bullish. I expect
280. 10:14now that we've taken some kind of form
281. 10:17of higher time frame context imbalances
282. 10:19out of the market. Now, we don't really
283. 10:20have a draw down to go to. And now, how
284. 10:23do we find our entry? Okay, so now we
285. 10:25expect price to go
286. 10:30towards here slash full
287. 10:36draw. Really simple. Price doesn't have
288. 10:39to actually go to that full draw, does
289. 10:41it? Okay, but that's where we expect
290. 10:43price to go in the direction of. Now,
291. 10:46really simple, the trade that I took
292. 10:48today, we use the entire range, 4hour
293. 10:50range, high to low. Okay, now we've
294. 10:55understanding that we have one
295. 11:00draw correct. Now the draw is correct.
296. 11:04Everything else will come simple.
297. 11:08Okay, my PC turned off for a second.
298. 11:09That's a bit bit weird. Is my thing
299. 11:11fine? Okay.
300. 11:13Okay. So, it's a little bit bigger right
301. 11:14now. So, now we have the jaw correct.
302. 11:16It's all about finding the entry. Now,
303. 11:18obviously waiting for after New York.
304. 11:19That's when the distribution is going to
305. 11:20happen. And this is when we get tapped
306. 11:22in as well. Okay. So, where would you
307. 11:25enter in this case? If you're looking at
308. 11:26a bullish range, what do we have? The
309. 11:28705, the 62, and the 79 all look
310. 11:31relatively um convincing. So, you got to
311. 11:34numb down the most perfect OT level to
312. 11:36take that trade with with quite a quite
313. 11:38a big stop loss in this volatility in
314. 11:40this range of a market. Okay, the 705
315. 11:42was the level I chose. Okay, let's go.
316. 11:44Why did I choose the 705 in this range?
317. 11:47Okay,
318. 11:50I'm getting called by someone. I don't
319. 11:52know who it is. I hope it's not HMRC.
320. 11:54Let's just go through this. Okay, so we
321. 11:57have an hourly order block. Okay, really
322. 11:59clean. And it's the opening of an order
323. 12:00block. Now, guys, the opening of order
324. 12:02blocks are super important. they they
325. 12:04tend to play more than CES, especially
326. 12:05if you have more aligned with it. And we
327. 12:07did have more aligned with it. So, not
328. 12:09only do we have let's just make this a
329. 12:11line right now, so I can actually write
330. 12:12on this.
331. 12:16So, we have opening
332. 12:20of 1 hour order block
333. 12:25number one. And what else makes the 705
334. 12:27valid? On the 4 hour
335. 12:31we have the CE of the 4hour order block.
336. 12:35Now the 4hour order block CE is going to
337. 12:38be extremely important for us cuz when
338. 12:40you have the consequent encroachment
339. 12:41which is the equilibrium of another
340. 12:43order block within aligned with the 1
341. 12:44hour order block it's like wow we're
342. 12:46really stacking levels aligned with the
343. 12:48OT.
344. 12:52And then the final piece of the pudding
345. 12:54is to go deeper inside the 15 minute.
346. 12:56And what do we have? A 15-minute fair
347. 12:59value gap aligned with everything. Oh,
348. 13:01beautiful. Beautiful. Right. So, now
349. 13:05it's safe to say where do we know price
350. 13:08wants to go towards the full draw. Okay.
351. 13:10Whether it does or doesn't fine.
352. 13:13You have 50 minute now as well.
353. 13:20So, now what do we do? We enter at this
354. 13:22level and I used a 50 point stop today
355. 13:25guys. pretty big. But I've been
356. 13:27implementing lower RR for higher win
357. 13:29rate. Okay, now my original TP was here.
358. 13:33But as you can see, let's see what
359. 13:34happens. Right, I know price wants to go
360. 13:37in this direction. So what do we do? We
361. 13:39pump. I'm thinking, wow. Okay, we're
362. 13:41break even now. Okay, let's move up. I'm
363. 13:44up like 12K in my trade. Price has this
364. 13:4650 minute to protect us and we want to
365. 13:48go higher. We end up consolidating.
366. 13:51Okay.
367. 13:53And that meaning
368. 13:55um that meaning that price probably
369. 13:57doesn't have the ability and the
370. 13:58volatility to go all the way up to this
371. 14:00high today. Okay. However, just having
372. 14:04the sense of a draw where price really
373. 14:06does want to go allowed this move to
374. 14:08happen. Meaning I still got taken out at
375. 14:1012K whether I trailed or not. My draw
376. 14:13was correct whether we taken it or not.
377. 14:15We identified the what the plan of what
378. 14:17really happened today which was this
379. 14:19right
380. 14:24price went down temporary draw taken now
381. 14:29we're looking for longs we identify the
382. 14:31long level inside the OT we take that
383. 14:33trade towards the full draw when we get
384. 14:35break even or trailed out easy peasy
385. 14:37lemon squeezy I don't trail towards
386. 14:39temporary draws but I trail towards full
387. 14:41draws because not every day does price
388. 14:43have the volatility and the strength to
389. 14:45go all that amount of points to go to
390. 14:46the four draw. Really simple, guys.
391. 14:48Really simple video. Pretty much done
392. 14:50now. Let's just talk to the mic. That
393. 14:53was just the day going over. But let's
394. 14:54talk into the people again so you guys
395. 14:57can understand a little bit more so I
396. 14:59can dumb this down. So like if you just
397. 15:01took everything that I explained to you
398. 15:03in nice and slowly, it was just this
399. 15:06separating price on the day. Where does
400. 15:08price want to end up? Where does it want
401. 15:10to go fully? And then what do we have to
402. 15:12take out before we go there? That's it.
403. 15:16That's what distinguishes for me my bias
404. 15:18every single day. Temporary full.
405. 15:22Nothing else. Simple. And I promise you
406. 15:25I have more accumulated payouts than any
407. 15:27other fake mentor anywhere else. And I
408. 15:29have and you guys know I have a lot of
409. 15:31proof for that. Okay. So, namaste. I
410. 15:35hope everyone has a great day and I love
411. 15:37you all. Peace out. OT paid.