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The FULL 1:20RR Liquidity Trading Strategy ($140,000+ Part-Time) — Transcript

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0:00I did that $140,000 in payouts on 1%
0:02risk. Some of the trades being 1 to20s I
0:04was getting 10% on a trade. This is
0:06really what will make millions and
0:08millions of dollars of the markets is
0:09just understanding this principle. Most
0:11traders think you become profitable when
0:12you discover the holy grail. Our guest
0:15today thinks that's exactly why most
0:17people are failing.
0:18>> But from the monthly to the minute time
0:19frame, these concepts are universal. A
0:21structure standpoint, liquidity would be
0:23under these lows and even above these
0:25highs. And really, this is a major key
0:26when it comes to trading liquidity using
0:28just candlesticks alone. Keeping it
0:30simple and easy is what I call that's
0:33the foundation. Once you have that, you
0:34know, overall direction of the market.
0:37Today's guest is RZ, and he made over
0:39$140,000
0:40trading just part-time. The most
0:42surprising part is that his edge isn't
0:44built around dozens of indicators or
0:46complicated concepts. So, now when you
0:48hit this and you've hit a 1 to 10 across
0:50the board, you're talking like 20 R and
0:52can be 20%. And then finally, you hit
0:53take profit. Through this strategy, if
0:55you follow it step by step that we're
0:56going to go through, you're not taking
0:58like 10 losses to then get one win.
0:59You're taking one or two. But that
1:01requires today. He walks us through his
1:03exact framework. He explains how he
1:05builds trade ideas from the higher time
1:07frame before working his way down to an
1:09entry. And he even goes on to share the
1:11mistakes that have cost him money along
1:12the way. If you've ever felt like you're
1:14making trading harder than it needs to
1:16be, this is the episode you need to
1:18watch.
1:18>> For me, I'm bullish. For me, this is the
1:1950%. For them, however, that's a bearish
1:21breaker structure and they're trying to
1:22sell here. So, this didn't put me off
1:24because I'm thinking it's cramming all
1:26this liquidity. That's just an
1:27inducement, a liquidity sweep. So, for
1:29me, I'm like, "Okay, I'm executing
1:30this." So, what do I do?
1:31>> Let's get into it. We're going to
1:33pretend I know nothing about trading
1:35>> and I want you to teach me everything
1:37there is to know about yours. So, I'll
1:38pick things apart as we go through this
1:40if I feel like I'm unclear on anything.
1:42>> Um, but otherwise, take me through this.
1:44Where does your process begin?
1:45>> Perfect. So, this strategy, like we
1:47said, $140,000 in payouts last year,
1:50part-time on the side. Uh, pretty
1:52hands-off as well for the most part. And
1:55in my opinion, very simple, very easy um
1:58to understand. And, you know, we're
2:01going to go straight into it. So,
2:03exactly how to build a foundation as a
2:05trader, any trader, whether you're
2:07trading millions of dollars or you're
2:08trading even small capital. This is the
2:11principle of trading within like 60
2:13seconds right here. What do we need to
2:15do? We need to identify a trend. Now,
2:17what is a trend? You have your bullish
2:18market, you have your bearish market,
2:20and of course, you have your sideways
2:22markets. Now, most of the time, markets
2:24going to be very similar to this. It
2:25doesn't look exactly like that, um, but
2:28very, very similar.
2:30It's very simple stuff, right? Higher
2:32highs, higher lows indicates that we are
2:34in a bullish trend. Price is moving
2:36higher. Lower lows, lower highs, bearish
2:39trend, prices moving lower. Now where
2:43you take it to the next phase, this is
2:45quite easy to identify especially from a
2:47higher time frame perspective. Uh once
2:49you go lower time frames, it can get a
2:51bit messier, right? And that's what I'm
2:53going to talk about here. So if I just
2:55rub out, we'll do it from a bullish
2:56perspective.
2:58Okay?
3:00And what we'll do is actually when it
3:02changes structure, right? So I'll
3:04actually rub it out just a bit more. And
3:06what we're going to do is just break it
3:08down one step further.
3:10So, say we're bullish and then we have
3:13our change of so-called structure. Some
3:15people call this obviously a POS,
3:17breaker structure. Some people gave it a
3:19term a few years back that I don't see
3:21too often now, which is a chalk,
3:22whatever the hell that means. Some
3:24[laughter]
3:25>> But yeah, this is the thing with
3:27trading. So many names for the same
3:29stuff. Um, I would not get caught up on
3:31names whatsoever. And you'll see with me
3:33I'll say some stuff that might it's just
3:35the name that I know but I will you know
3:38anything I say you probably heard so
3:40many different terms for it
3:42>> just don't worry about what I'm saying
3:43right just mainly look focus on the
3:45concept um okay so taking this same
3:48concept here if we then take say this
3:51segment right here right and we zoom in
3:55on what's happening on the lower time
3:57frames
3:59so lower time frames wise we've had a
4:01bullish structure So what this will look
4:03like here, so let's say this is a daily
4:06or 4 hour, right? Because they will be
4:08pretty in line. Uh then once you go down
4:11to your like 1 hour 15 and then I would
4:13say your next bracket would be like five
4:15and one, right? So I kind of treat those
4:17ones very similar like the one to five
4:19minute structure is going to be quite
4:20similar. The 15 to one would be quite
4:22similar. Four to daily and then so on.
4:26So in this case, let's say we're
4:27starting around there. price on the
4:30lower time frames is going to be bearish
4:32at this point, but yet we're bullish on
4:33the higher time frames.
4:34>> And this is where like the layers to
4:37begin with can get a bit confusing, but
4:39it's our job to really just make sure
4:41we're taking note of where we are at on
4:43the bigger picture even as a scalper.
4:45Reason being is that you then know what
4:47the high probability uh direction should
4:50be. Doesn't mean you can't go counter to
4:52that. It just means that you know though
4:55should you try to go counter and it
4:57doesn't work out, you know exactly why
4:58and you should hopefully not get too
5:00emotional. So at this point we're
5:02bearish. But then when we make that
5:03higher low on the lower time frames,
5:06price is going to of course break
5:08structure. And now what do you have? You
5:10have time frame alignment. You're now in
5:14line with what that bigger picture is
5:15doing. And that becomes the higher
5:17probable trade.
5:18>> And of course you know this looks very
5:21easy, very simple. Um, and I wish it
5:24looked as good as this, right? I'm sure
5:26all of us would. Of course, when we get
5:29to the charts, you'll see more of a
5:30reality of this and what it actually
5:32looks like with a lot more maybe
5:34choppiness, some more price action that
5:35can throw you off a little bit, but
5:37that's our job, right? Our job is to try
5:38and identify this and how it can look
5:40like this. Once it makes a new higher
5:42high, same thing's going to happen.
5:44Those lower time frames are going to
5:45break structure and then have the next
5:48higher low, right? And in doing so, our
5:51job is just to identify this. So really
5:53this is the this is really what will
5:55make millions and millions of dollars of
5:57the markets is just understanding this
5:59principle simple principle market
6:01structure at just a very basic level.
6:04Understanding structure from a higher
6:06time frame and how it translates to a
6:07lower and vice versa.
6:10That's the foundation. Once you have
6:12that, you know overall direction of the
6:14market. Now this is very important
6:16especially as a swing trader because the
6:18risk the strategy is a very high reward
6:20to risk strategy simply because of this
6:23understanding understanding that okay
6:25bigger picture we're aiming to go higher
6:27because we're bullish in this scenario
6:29up until this point and say we have an
6:32overall target
6:34lower time frame picture we're trying to
6:35execute to then get entry here with a
6:39smaller stop-loss to get a large target
6:42so a lot of the trades I took to get
6:44that4 $40,000 in payouts last year were
6:481 to10 plus, right? With that, you do
6:52take some losses, but thankfully through
6:54this strategy, if you follow it step by
6:55step that we're going to go through,
6:57you're not taking like 10 losses to then
6:58get one win. You're taking maybe at max
7:01>> one or two, right? But that requires
7:04patience.
7:05>> Now, this is pretty understandable, very
7:08simple stuff. Now what I like to do then
7:11is then to layer the next really major
7:14compliments like struct some people try
7:16and argue structure over liquidity or
7:18versus liquidity. I think they do go
7:20hand in hand sometimes. A good friend of
7:22mine Marco uh who we've done an episode
7:25like this with did a million it crossed
7:26a million views yesterday.
7:27>> Nice.
7:28>> He focuses only on liquidity. He
7:30believes even sometimes market structure
7:31is a trick
7:33>> to form liquidity and actually uses
7:35market structure to base liquidity
7:36around and we'll actually touch on that
7:38a bit today. because I use liquidity
7:41very heavily. So what does liquidity
7:43mean to me? Liquidity just means where
7:44are the orders within the markets? At
7:46the end of the day, what are we trying
7:47to do? We're trying to understand where
7:49the buyers and the sellers are. That's
7:50all this is. Whether you're using order
7:52flow, whether you're using liquidity
7:53concepts, ICT concepts, SMC, break
7:56retest, trend lines. All we're really
7:58trying to do is understand where the
7:59buyers and sellers are. Right? Through
8:01buying and selling does the price action
8:03move? Um and therefore for me, liquidity
8:06is understanding where are those buyers
8:07and sellers? Where are they positioned?
8:09What's likely to be the emotional side
8:12almost so that we can take advantage of
8:14that?
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10:23description below. Let's get back to the
10:24episode. So if we look at this, where
10:26would liquidity look like from a
10:28structure standpoint? A structure
10:30standpoint, liquidity would be under
10:32these lows and even above these highs,
10:35right? Why? Because when people are
10:38buying at these levels for that higher
10:41low with that mindset that it's a higher
10:42low, they're going to be placing their
10:44orders within these areas. you know,
10:47probably all the way up to be fair to
10:48some traders obviously chasing price,
10:50>> but within these areas and their stop
10:53loss naturally usually goes below the
10:55low.
10:57>> Now, we could use orderflow to, you
10:59know, not really on CFDs. I was trading
11:01CFDs, but I imagine this concept would
11:03probably work on futures. Uh, I haven't
11:05looked to be fair,
11:07>> but with CFDs, you can't really use
11:08orderflow because it's not centralized.
11:10So, anyone selling orderflow courses in
11:12the Forex space, you're a scammer. Stop
11:14doing it now. [laughter]
11:15But yeah, so if let's say it was the
11:18case, you could then look to look for
11:19this actual levels of where orders sit.
11:22But we're you can eyeball it. You can
11:23use the candlesticks and just the
11:25understanding of human emotion and
11:27decisions as traders. Similar process
11:29like once we're getting to these highs
11:30and this takes place, right, the the
11:32break of structure here on the lower
11:34time frame at the highs, the orders are
11:36going to start coming in for shorts and
11:38again the stop losses are going to be
11:40above the high. It's very natural, very
11:42easy to understand, right? So when price
11:45then sweeps this high, liquidity has
11:48been taken and the mindset is okay,
11:50there's probably not much more liquidity
11:51to the left. This will depend on what's
11:53happened to the left. And when we look
11:54at the charts, we'll be able to see. So
11:57price needs to engineer more liquidity.
11:59It's not going to just keep going in.
12:00That's why price doesn't just go up up
12:02up forever. It always has its pullbacks.
12:05It always has its turnaround points,
12:07right?
12:09And the beauty of this is this is on the
12:10bigger picture. What's happening over
12:12here? the same thing, right? These lows,
12:15liquidity, liquidity, liquidity. And
12:16we're just talking from a structure
12:17standpoint right now.
12:19>> So when price then comes back down, when
12:21price is coming down, it's building
12:23liquidity to the upside, right? While
12:26taking the liquidity on the downside.
12:29When it gets to these extreme lows, this
12:31is when the emotions start taking place.
12:34Why? Think about it like this again.
12:36What are we trying to do? We're trying
12:37to understand the mindset of the buyers
12:39and sellers. Those who did not close
12:42their trades here and ended up getting
12:43taken out, break even, start to revenge
12:45trade, right? Start loading up buys
12:48probably here, here, and here, right?
12:50So, they're getting taken out at this
12:51point. The sellers are getting stronger.
12:53That's probably why you start to see the
12:54sell moves being a bit stronger as it
12:56gets to those lows. What else is that
12:59doing though? That's also forcing
13:00sellers, a lot of sellers to try and
13:02pile in more because they're assuming
13:04this could be it. We're going to break
13:05the structure. We're going to sell off
13:06aggressively, right? So they're look
13:09loading up. Those buyers start to then
13:12flip their bias to start chasing price.
13:14So they start selling down here too,
13:15right? So what's that doing? That's just
13:18building more liquidity to the upside.
13:20More liquidity to the upside. That's why
13:22it's our job to understand this bigger
13:24picture.
13:25>> Right? This is why even as a scalper,
13:27you got to keep this in mind because
13:28this is the overruling trend. This is
13:31the one that what I used to class as and
13:34again a term as the anchoring time
13:36frame, right? the the weight is much
13:39stronger on this time frame versus the
13:41lower one, right? But a lot of people
13:43make the mistake of getting sucked into
13:45the one minute, the five minute and just
13:46staying there, not looking and not going
13:48back to check what did the 4 hour do,
13:50what did the daily do and it's only a
13:52quick reference, right?
13:53>> Yeah.
13:54>> So, I hope hopefully you're following
13:56along so far in terms of my
13:57understanding and this is just a
13:58liquidity from a structural standpoint.
14:00Let's say we added on different layers
14:02which you can do and you don't need to
14:03draw these on. You know really at a
14:06certain level of trading you can just
14:07see it without plotting it right but a
14:09trend line same principle people who are
14:12using trend line trading their stop
14:14losses are going to be below the trend
14:15line pretty much in the same place as
14:17the structure. So again you don't need
14:18to draw it on you just know and
14:20understand trend line liquidity. Uh you
14:22have your session highs and lows
14:24liquidity. So again, if you're trading
14:26Asia, then your stop losses are probably
14:29going to be below Asia low and above
14:31Asia high. If you're trading London,
14:33similar thing like stop losses probably
14:35because a lot of people's strategy in
14:36London is to target one of Asia highs or
14:38lows,
14:39>> you're normally going to have your stop
14:40loss accordingly as well. Same with New
14:42York, right? Same with daily highs and
14:45lows, right? So, if we have a daily
14:46candle, anyone who's traded within this
14:49day, normally their stops are going to
14:51be either above if they're if they're uh
14:53selling above or if they're buying below
14:56uh weekly highs and lows, even 4hour
14:58highs and lows, right? So, really now
15:01I'm sure the question is, Bris, what
15:03you're saying basically means that
15:05liquidity is everywhere. Well, yeah,
15:07orders orders are everywhere. But what
15:10we're trying to do is just identify when
15:11has a bulk when has a as I said earlier
15:14when has emotion really started to kick
15:16in. So in this scenario we've swept all
15:19this trend line lower highs maybe a
15:21session low maybe even a daily low
15:25that's a lot of liquidity taken right
15:26we've layered that up. So at that point
15:28emotions are high. Right now all we have
15:31to do is say where are the emotions the
15:34highest in this case when with this
15:36example of us coming down the buyers are
15:39getting frustrated because price is
15:41coming against them. The sellers are
15:44feeling euphoric because oh this could
15:45be it. Price is going this is the low
15:47could go right. So now the liquidity is
15:50built to the highs right and has been
15:53taken already to the lows. Does it mean
15:56that all elements of liquidity are gone?
15:58No, because obviously there's more
15:59liquidity here that could be taken. So,
16:02how do we justify buying stuff? Same
16:05again, higher time frame structure.
16:07Okay.
16:08>> Now, what do I layer up next? This is
16:10how I base my trade. This is how I get
16:13my from a swing trading perspective.
16:16This is how I build my trade idea. Okay,
16:19where's the area I want to trade? So if
16:21I'm looking at higher time frame
16:22structure like this, I'm saying I want
16:25to buy within this region. I use a very
16:28simple I don't use the Fibonacci in
16:29terms of the 618786. I can uh actually
16:33to be fair, there's an element where I
16:34do it which I'll show you. Uh but really
16:36the main premise for me when it comes to
16:39the Fibonacci tool is identifying the
16:42range, the trading range, the
16:44significant low in this case here to the
16:46significant high. And all I'm interested
16:48in is buying below the 50%. And the way
16:51I've used that as an analogy is you want
16:54to buy when things are cheap and you
16:56want to sell when things are expensive.
16:59Best example, a car. I want to buy a car
17:01as low as possible. So for me, in a
17:04bullish scenario that's under the 50%.
17:06I'm getting a discount on the car.
17:08>> Now, if I want to sell the car, I
17:10obviously don't want to sell it for what
17:11I bought it for or a discount. I want to
17:12sell it for a premium. So in that case
17:14when I'm selling when we're in the above
17:17the 50% of the overall range general
17:20concept very easy. So now again I've
17:24done this I understand the higher time
17:25frame picture. I understand the lower
17:27time frame as well where that's
17:29positioned and what the direction is as
17:30well. I understand where liquidity is
17:33sitting [snorts] uh and what should be
17:35hopefully taken out. And now I
17:36understand the range as well. So now I
17:38won't buy until we're below here. uh I
17:41won't buy until liquidity is being taken
17:42and significant liquidity is being taken
17:44at that and I won't look to buy until we
17:47see that lower time frame breaker
17:49structure back in alignment with the
17:51bigger picture. Okay, so now we've done
17:54that. How do that's how we base the
17:56trade? That's how we build the idea. Now
17:58we're going to talk about how do we
17:59enter and how do we set our stop loss
18:02and our target. Okay,
18:04>> so far hopefully it's simple. How we
18:05thinking?
18:06>> Yeah. Yeah.
18:06>> Too maybe too simple. I think
18:07>> I No, I think the simpler the better. I
18:10I'm I'm looking at this and normally I'm
18:11trying to piece it together bit by bit,
18:13but I think your breakdown so far is
18:15spot on.
18:16>> Thank you.
18:16>> Loving it.
18:16>> Thank you. He's just saying that.
18:18[laughter]
18:18>> It's because I'm here.
18:20>> Wait till he leaves the room.
18:21>> I know. That's it. But again, I I can
18:24imagine people at home are like, "Res,
18:25we know this." And uh well, that's good.
18:28So hopefully you made some money as
18:29well. [laughter]
18:30>> But um okay, keep this in mind uh when
18:34it comes to the structure side and the
18:35liquidity side. But as we go to the
18:36entry, it's pretty much the same stuff
18:38to be honest with you. There's no magic
18:40source unfortunately, but it's magic to
18:42me. Um, but let me just draw the bigger
18:45time frame picture over here. Say we're
18:47bullish. The same examples in terms of
18:49bearishness. It's just the com. It's
18:51just the same but flipped. The concepts
18:53don't change obviously. Structure, the
18:55range, the liquidity, all the same. So,
18:58let's take this bigger picture as
18:59bullish and we're going to start to
19:01isolate when it comes to the entry.
19:02What's happening here? Okay,
19:05now I got to tell you the magic numbers
19:07in trading, right? The institutional
19:10numbers that everyone should know.
19:14200, 500, 800, could be 20, 50, 80,
19:19right? You could say 00, but these are
19:21the three magic numbers in trading. Now,
19:23the truth is that's a lie. It's not
19:25magic, right? And it's not
19:26institutional. That was just how it was
19:27presented to me when I learned it.
19:29Institutional numbers. What is the
19:31mindset behind these numbers? It's very
19:33simple, really. human nature, you know,
19:35round numbers. People like round
19:37numbers. How often is it that you go,
19:38"Oh, let me set my stop loss at 217.5."
19:41Not really. You normally probably just
19:43say 210, right? Um, so that's really the
19:46premise behind these numbers uh, and key
19:49levels. And you know, really where can
19:50you see this? If you look at a stock,
19:52right, or Bitcoin, let's take Bitcoin as
19:54a good example. Where was the all-time
19:55high? 69
19:58interestingly thousand, right? Yes, it
20:01had a few extra decibb on there or a few
20:03extra dollars, but round significant
20:05number. Um, where was the the lows?
20:08Normally around sign a significant
20:10number. Um, and that's just human
20:12nature, right? So, let's say when
20:15uh Euro USD, so that was primarily what
20:18I trade. Uh, I have a gold example for
20:20you later as well. It's a universal
20:22strategy, by the way. You could trade it
20:23pretty much on anything. And again, from
20:26swing trading to scalping and you'll
20:27see, you should understand why already
20:29to be fair.
20:30But on Euro USD when uh price went to
20:33par a couple years ago went to one right
20:35so one euro to one US dollar right it
20:38went just below but that was a big
20:40turning point why because a lot of
20:42orders would have been play targeting
20:43there stop losses would have been there
20:45because it's a very significant round
20:48literally can't get any more round than
20:49that one yeah um and then we saw a big
20:52we'll look at the chart big reversal
20:54from there we haven't gone back since
20:56cool anyway the magic numbers I've
20:58covered for you
20:59So 200 500 uh let's say 20 508 I don't
21:02know why I said 100 to be fair 20 5080
21:05they're the numbers I'll use in line uh
21:08with entries and with targets and that's
21:11where I said about the Fibonacci the
21:12618786 that's where I'll actually
21:15potentially use them but it's less so
21:17about the 618786 is more about those
21:19numbers so I'll just take a Fibonacci
21:21tool for you hopefully my lines are
21:24straight enough um so say that's the
21:26your golden ratio right 618 8 786 right
21:30some people have 71 and all sorts in
21:32between for some reason um so all I will
21:35look for is this is obviously the
21:37structure so let's say we've got the
21:39price here
21:41that's one leg right we're wanting price
21:44to come back all I will look to do is
21:46what is the closest institutional number
21:49so what's the closest 20 50 80 to the
21:51618 above it so in this case let's say
21:53it's 200 a 200 level sits above that's
21:57where I'll be interested sted in what
21:59price does there 786. Same thing. What's
22:02the closest above it? Maybe in this case
22:04it might be a 500 level. Okay. And
22:07that's all I have to do. I'll just have
22:08to mark it out. That's it. Just put a
22:09line tool there or just know that okay
22:11the 200's there, the 500's there.
22:13Normally I'll look to the left and say,
22:15"Oh, there might be a actually a fair
22:17value gap, right? Or an imbalance,
22:19whatever again term you use. Maybe
22:21there's something over there to the left
22:23as well. We're below the 50 of course,
22:25so we're in the buying region for this
22:27example. And then of course liquidity,
22:29right? What liquidity has been taken to
22:31the left? Are there significant lower
22:32time frame lows? Is there a daily low?
22:34Is there And a lot of the time things
22:36will overlap. And that's all our job is.
22:38Essentially, you're building a
22:39probability in your favor by having as
22:42many layers um that make sense to your
22:45trading and to the market, right? And
22:46again, what are we trying to understand?
22:48What the buyers and sellers are doing.
22:49That's all we're doing is trying to
22:51understand that.
22:53So that's another layer very simple
22:54layer numbers 2 5 8 now once we've
22:59identified that again let's go to the
23:01entry now so I'm going to
23:02>> can I ask one quick question of course
23:04>> uh based on what you've shared here I
23:06understand the numbers completely you
23:07mentioned obviously you sometimes look
23:09for things like uh fair value gaps um
23:12other areas of confluence to kind of
23:14stack that probability how important are
23:16those other layers to you like will you
23:18take an entry blind just based on the
23:21numbers or do you need the other
23:22confluence as part of what you do.
23:23>> So, we still have the confirmation to
23:24get to. Okay.
23:25>> So, the numbers are more so like, okay,
23:27this is where price should be magnetized
23:29to because we are bullish. We're under
23:31the 50%. We're in the area where price
23:33should look to as long as the trend's
23:35going to continue turn and then we need
23:37the next steps to actually execute.
23:38>> Okay,
23:39>> but those they're not necessary. The
23:41liquidity is necessary. Okay,
23:43>> we always want the liquidity to be taken
23:44because otherwise, you know, there's no
23:46reason for why the buyers should step
23:48back in, right? uh we need that
23:50liquidity to because if there's no
23:51liquidity here, the reality is that
23:53that's probably the time when you could
23:54sweep the low of structure and then have
23:57the move up.
23:58>> Okay?
23:58>> Because then there's no liquidity
23:59internally. We need to take the
24:01external, right?
24:02>> Uh but it's very helpful. It's very
24:04helpful to have a fair value gap there.
24:06It just adds an extra layer. Adds an
24:08extra layer. But at the end of the day,
24:09you still want your confirmation. Don't
24:11get me wrong. [snorts]
24:12>> Let's say if I was saying, "Hey, let's
24:14place limits." And I've done that before
24:15where you just place limits on the
24:16numbers. The only way I'll feel
24:18comfortable placing the limits without
24:19the confirmation is if there's
24:21significant stuff to the left, right?
24:23Fair value gap, daily lows, uh, and, you
24:25know, significant liquidity to the left.
24:27>> That's the only way I would feel
24:29comfortable placing a limit order over
24:31manual execution. Got
24:32>> And I've done that as well and we'll
24:33probably have some examples of that to
24:34be fair.
24:35>> Uh, but yes, so if that was missing, I
24:38wouldn't place a limit. Couldn't place
24:39couldn't blindly trust that. But if
24:42there are significant things to the left
24:44taken fair value gap and so on adding
24:46those layers that's where then I feel
24:48more comfortable saying okay I'm willing
24:49to risk uh you know on this trade given
24:52this uh all these layers that are
24:54present already without
24:56>> the execution especially because again
24:58the swing trading perspective is
25:00>> I don't have time to be there every time
25:02to manually execute if I can it's
25:04amazing but you know there are times
25:06where you have to trust the limit
25:08>> um so yeah so again though if the
25:10liquidity is missing the likelihood is
25:12this will then be the next liquidity
25:14point.
25:14>> Okay,
25:14>> where technically speaking, if price was
25:17to go below that area, you would expect
25:19a break a structure. But if you
25:21understand that liquidity needs to be
25:23swept and then you get the confirmation,
25:26then you can keep in line and the
25:28mindset that that's a false break. It's
25:30a liquidity sweep to then continue.
25:32>> Got you. Right. [snorts] Um because
25:34again, what again by following the
25:36buyers and sellers, what we also trying
25:37to do, we're just trying to follow the
25:38money, right? And in this case, if
25:40there's no money there, the money's
25:42there.
25:42>> And if the money's there and we get the
25:44reaction we want and we may have wanted
25:46in here to make it cleaner and and a bit
25:48more easier to take that and feel more
25:50confident in
25:51>> the money's there and it gives you the
25:53reaction, the reaction's essentially
25:55trying to tell you that now the money's
25:57back up, right? The money the next
25:58target of money and the liquidity should
26:00then be this area, right?
26:02>> Uh yeah. So let's take this off.
26:06So now let's talk about the uh entry
26:09model. And we're not done though. So
26:11it's not just enter now. Now it's
26:12confirmation. Now again we're thinking
26:14about liquidity. Quick question for you.
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27:02>> So, if I just keep this a miniature
27:04version over here to the right of what
27:05we just had drawn out. I won't put the
27:07618786, but you understand. We have 200
27:10and let's say 500 just for the numbers
27:12as well. And we're talking about this
27:15area here, remember? So, I'm going to do
27:18another color for you to make it
27:19interesting, keep you entertained. Um,
27:22we have the
27:25lower time frame structure now, right?
27:26So we're going to be coming into the
27:28below the 50% level. Now say to the left
27:32we have in this instance fair value gap
27:34and we have taken some daily lows. So we
27:36we've got some nice confluences there.
27:38And even if we haven't though I still
27:40again want to see this. All right. As I
27:42said confirmation. So even if we don't
27:43have the fair value gap we don't have
27:45significant liquidity to the left. I
27:47have to see this if I'm going to
27:48execute. Right.
27:50>> This is very simple and it works off the
27:52exact same principle. And really, this
27:54is probably a major key when it comes to
27:56trading liquidity using just
27:58candlesticks alone, keeping it simple
28:01and easy, is what I call early buyers
28:04and early sellers. And in this case, the
28:06example is early buyers. What does that
28:08mean? It's essentially a break of
28:10structure.
28:12But in this case, I have to see a break
28:14of structure fail first before I then
28:19look to do a manual execution. Why? It's
28:23in the name really. The early buyers,
28:25they're getting taken out. So that
28:27that's when the emotion becomes peak on
28:29both sides. If you think about it,
28:30because at this point, the sellers are
28:32in control. It's pretty obvious. Lower
28:33lows, lower highs. We broke structure
28:36though. The rules dictate we should go
28:38higher now. So now the buyers are
28:40stepping in the gas. They're putting
28:41their limit orders. Uh let's use another
28:44color here. They're putting the limit
28:46orders here. Uh with their stop losses
28:48just below. Again, there are those who
28:50are just manually executing, not caring
28:52about where we are, uh, and just buying,
28:54buying, buying, buying. Stop losses
28:56again below here. Um, the sellers have
28:58just been taken out from whoever sold
29:00here, right? And maybe close break even
29:02whoever sold here and maybe even closing
29:04their trades because they think they're
29:05about to get stopped out of anyone
29:07above. So now the sellers are getting
29:08out, right? And therefore, again, push
29:10that's what helps push it a bit higher,
29:12too. But then there's the sellers who
29:14got taken out in revenge trading. So now
29:16they're selling, selling, selling,
29:17selling, and the stop loss is going
29:18above this high or maybe the high to the
29:20left.
29:21>> So why is that what I would call peak
29:24emotion? Because both sides are
29:26emotional at that point. Both sides are
29:28wondering what to do, putting orders in
29:29and out of the markets. And bear in mind
29:32again, at this point, we're at almost
29:34the final layer. We've already done all
29:37this dissection of the higher time
29:38frame, uh where we're positioned, the
29:40numbers, liquidity that's been taken to
29:42the left, and what areas to the left.
29:44We're at the final state and now peak
29:46emotion is present in front of us.
29:49So what next? Next is we now we want to
29:52see a real breaker structure. Right? So
29:54now the early uh in this case early
29:55buyers have been swept out.
29:58Now if we see price break aggressively
30:01to the upside. This is where we're
30:03looking to execute.
30:04>> Okay.
30:05>> Okay. And stop loss stop-loss placement
30:08is up to you. This will depend and it's
30:10a good point to make your risk tolerance
30:14uh your target right again this will now
30:16come in this is a scalping entry for the
30:18most part depending on the time frame
30:21because this is universal this this
30:24concept all of these concepts from
30:26monthly time frame to minute time frame
30:28seconds
30:30yes but it gets very messy for me I know
30:32some people are really great they can
30:34you know really lock in for the most
30:35part I've seen people use the seconds
30:36when they trade order flow on futures
30:38Um, I'm not sure about Forex. I've not
30:40seen really anyone use the seconds too
30:42much on Forex.
30:43>> Uh, but to the minute, even the minute
30:45can be very uh noisy, right? It's hard
30:48sometimes hard to dissect. No problem
30:49there. You just step up time frames. But
30:51from the monthly to the minute time
30:53frame, these concepts are universal. It
30:55just changes your target mindset, your
30:58stop-loss placement mindset, frequency
31:01of trades mindset. Um, and that's what's
31:04important to understand here. But yes,
31:08stop loss placement depending on your
31:10target and and what again scalping or
31:13swing trading you'll probably change.
31:15Now, I was sometimes I was taking a bit
31:17of a wider stop up to about 30 pips, 35
31:20pips, especially when I was doing the
31:22limits. I would have a rule of 35 pips
31:24fixed unless there was like a level of
31:27structure that allowed it to be lower,
31:28but otherwise 35 pips fixed on limits.
31:31Manual execution, I would feel
31:33personally more comfortable with the
31:35scalping stop-loss. If however uh you
31:38know close by not too far away there's a
31:40higher time frame structural point then
31:42I won't mind giving it a bit of
31:43breathing room if I feel more
31:44comfortable uh because the target in
31:47this case normally is a higher time
31:49frame target right which means I might
31:51be having a in this case and there's an
31:53example of it to be fair 9 pip stop loss
31:55but then two 300 pip target
31:58>> right and I'm not sitting here saying
32:00I'm a god and I'm holding all the volume
32:02I like to have targets um you know along
32:05the way on the lower time frames where
32:06price could turn and therefore I paid
32:09myself in case it does turn and in case
32:11that's not the moment for the big move
32:13I'm looking for. Right? [snorts]
32:15So at this point you have a choice. You
32:18have a few choices here. Me personally,
32:20I do look to get price to have a bit of
32:21a pullback before executing. I'll
32:24normally base it on how much of a move
32:25that is worth. If that's like 10 10 20
32:28pips, then I probably want a bit of a
32:30pullback so I can get the tighter stop
32:32and not have too much of a wide stop. If
32:34however that move there is only 10 pips
32:37um then and the stop loss means it's 10
32:40pips or 1015 I'll probably accept that
32:42because again I'm going for 100 plus you
32:44know normally 200 plus so therefore the
32:46risk-to-reward is really really nice
32:48still but essentially at this point you
32:50have a few options like I said you could
32:51just manually execute here and and you
32:53know have the stop loss below some
32:55people like to use a the range and have
32:57the limit then place or manually execute
32:59at the 50% stop loss below some people
33:02have an order block some people have
33:03value gap That's where again choose
33:05entirely whatever you're comfortable
33:07with, but I would say have rules around
33:09it. Um, and that's your execution. Stop
33:12loss again below the low because at this
33:14point you're saying, hey, all the
33:16liquidity is taken. We're in the higher
33:18low region. We've hit the numbers. Um,
33:20we've had obviously our peak emotion and
33:22price this should be protected low,
33:24right? Price shouldn't really after all
33:26of this take this low, right? If it
33:29does, does that mean the whole idea is
33:30scrapped? No. It just means that as long
33:33as we maintain this low, we could have
33:36another uh another sort of breaker
33:38structure. Maybe that's two sets of
33:40early buyers potentially. Doesn't happen
33:42too often. On the one minute, it does.
33:45The one minute is more tricky. If you're
33:47doing this on a 15, a five, it's going
33:49to hold a bit more weight. An hourly,
33:51it's going to hold even more weight. If
33:53anything, if you really want to stack up
33:54the confluences and create like a really
33:56A+ setup,
33:58>> the best way to do that is to have an
33:59hourly early buyers. first and then get
34:03the early buyers on the five minute or
34:05one minute after that one's been taken
34:07out.
34:07>> So now you've had a huge amount of
34:10liquidity being taken and and that
34:12emotion if you will. Um but yes, so stop
34:16loss below the low or the significant
34:18low and then looking to target uh the
34:20high. In this case, let's say for
34:22example uh 1 to three is able to hit for
34:25me 1 to three is where I would normally
34:27take about 20% of my position off,
34:30right? which means I still have which
34:32normally means it's about 1%.
34:34>> Yeah,
34:35>> I don't normally risk 1%. So I say I
34:37risk half a percent. So I did that 140k
34:39a lot of it was on half percent risk.
34:41>> Wow.
34:41>> Um but let's say half a percent. So if
34:45we're going for at 1 to three that's
34:471.5%. Uh 20% of that is almost half a
34:51percent or just under in terms of uh
34:54risk back.
34:55>> So what that means is it's paid for a
34:56potential stop loss right later, right?
34:58It's the base hits essentially. So if
35:01price does go back to break even because
35:02normally I'll go break even as well
35:04because by then it normally means price
35:06has created some structure and so price
35:08should not come back to my entry. Um so
35:11I normally do that and then I'll hold
35:13the rest to a significant target then.
35:15So let's say a significant target could
35:16be this high right. So when price is
35:19then essentially going into higher high
35:21territory, I may take another then I'll
35:23I'll choose it based on how I feel and
35:25the momentum but normally try and take
35:27another partial there
35:29but try and I am always aiming as a
35:31swing trader to hold as much volume as
35:33possible. That's the hard bit of swing
35:35trading is holding as much volume
35:36because really you're trying to maximize
35:37that move
35:38>> and then I'll have an overall target and
35:40the overall target probably be a strong
35:42liquidity point to the left and we have
35:43great example of this on Euro which
35:45we're going to go into on the charts in
35:46a moment.
35:48So that will be my overall target I look
35:50to hold. Now the beauty of having the
35:51overall target is when price comes back
35:53down for the next structure. So in this
35:56case let's say high lows you can do the
35:57ex repeat the same process.
35:59>> Now you have free trades or with lower
36:01volume but in total might be 1.5% of
36:04risk. Uh well in it's no longer risk on
36:07the table which is beauty but in terms
36:09of like if it was on the table in terms
36:11of lot sizes 1.5%. So now when you hit
36:14this and you've hit a 1 to 10 across the
36:16board, you're talking like 20 R,
36:17>> right? which is incred and it can be 20%
36:20which it has been on occasions actually
36:23that reward and then finally you hit
36:25take profit across the bigger picture
36:27idea
36:28>> but we're still executing lower time
36:29frame wise with these different and
36:31don't forget
36:33>> depends how aggressive you want to be or
36:35how active you can be me for me a bit
36:37less active of course
36:39>> but for others they might be you know
36:40full-time trading so they might be able
36:42to then get scalps and day trades on the
36:44shorts following the same exact process
36:47Right. The same because what's happened?
36:49Liquidity's been swept lower time frame
36:51break institutional numbers early
36:54sellers in this case and we we have
36:56examples of these I believe early
36:57sellers you then short knowing it's
37:01riskier though. So you have to accept
37:02that risk. two, you're shorting really
37:05the overall target in that case will be
37:07the 50% of the range because once you're
37:09below there, that's where the buying
37:11territory begins. And you can capture 1
37:13to 3's, 1 to fours, base hits, you know,
37:16and I would probably make sure if you
37:18let's say these are 1% trades, that
37:19would probably be a half a percent trade
37:21because, you know, it's counter trend,
37:22right?
37:23>> But you can stack the probabilities into
37:24your favor for the short term following
37:26the same principles.
37:28>> Yeah. Trying to think is we're missing
37:29anything. I think that's all covered.
37:31>> Simple.
37:32>> I have a couple of questions.
37:33>> Yeah. Yeah.
37:33>> Um, so we talked about obviously the
37:35entry model here. Uh, you've done a
37:37great job in terms of describing what
37:39specifically what you're looking for,
37:40where your stop loss is going. And we've
37:42talked about you have this process-based
37:45rule to scale out initially at around 1
37:47to three.
37:48>> Uh, and then you've got a final higher
37:50time frame objective right at the
37:52significant point of liquidity. But you
37:54mentioned there may be a high in between
37:56where you scale out a little bit
37:57further. Is that something that you'll
37:59set an order for or is that something
38:01that you're kind of discretionary
38:02watching the price to see how it reacts
38:04before you take some off the table?
38:06>> So there's there's multiple ways to do
38:07this, right? So let's say if you're
38:09risking 1%. Uh and you and this this is
38:12happening here, right? You could choose
38:14to if you have the areas in mind where
38:17you want to take it off, you could then
38:19decide let's say that 1% is 10 lots just
38:21for example to make it easy. One to
38:24three 20% off. You could then set free
38:27free entry orders instead of one,
38:29>> right?
38:30>> And so therefore, you can just set TPS.
38:32>> Gotcha.
38:32>> Yeah. So you could set the one to three
38:34to be two lots off for LTP.
38:36>> Uh let's say you take the other 30%
38:39leaving 50% in total at this high.
38:41>> Mhm.
38:42>> Therefore, you can do it automated in a
38:43sense, right?
38:44>> Uh because the problem is you can't as
38:46far as I know using MetaTrader, you
38:48can't part set a partial TP in
38:50MetaTrader,
38:51>> right? I think you can maybe potentially
38:53do that if you have it on your Mac or PC
38:56and then use a program. I can't remember
38:58what the program's names are. You might
39:00be able to do that, but as far as I know
39:03from from most people trading on their
39:04phone, you can't set a partial TP on one
39:06position, right? Multiple TPS.
39:08>> Um maybe on Metat Trader 5, but even
39:11then I don't think so.
39:12>> But yeah, that's one way of doing it.
39:13The other way is that you manually uh
39:15keep track, right? So when you have
39:17alerts,
39:18>> and don't get me wrong, I've had times
39:19where like this happened. I'll show you
39:20actually where my overall target hit but
39:22I wasn't available at the time and by
39:24the time I've seen it price has come
39:25back a bit more 50 pips but you have
39:27that's where the hard bit comes in right
39:29because now your rules tell you even
39:31though you've lost out on the 50 pips
39:33and really in the grand scheme you know
39:35after all of these entries and the huge
39:37movement it's not the end of the world
39:40but you've said it in your mind for
39:41three four weeks that you know I'm going
39:43to have this much profit when I take
39:44this line out and you go on the charts
39:46and you hope that it can go back the
39:49reality is after such a big move and
39:51such significant liquidity.
39:52>> Yeah,
39:52>> that's done now. This is coming back.
39:55>> And I'll show you that's exactly what
39:56happened. And I had to make the hard
39:57choice of just getting out and s, you
39:59know, not getting the 50 pips I could
40:01have had. But, you know, in trading
40:02could have, would have, should have, you
40:03know, it doesn't matter.
40:05>> Um, so that's the again pros and cons of
40:08decisions. If you're going to make a
40:10certain decision, you need to accept
40:11what the cons are. Don't just look at
40:12the pros. So, the pros in this case is
40:14that okay, if I don't set the hard TP, I
40:16could make more because it could go
40:17higher,
40:18>> right? But the cons are price could also
40:19hit your target and you're not available
40:20and it goes against you.
40:21>> Yeah.
40:22>> Right. And you have to accept that okay
40:23if target's been hit and your idea is
40:26complete
40:27>> that's it. You need to get out like
40:28because otherwise
40:29>> exactly this is exactly what happened.
40:31Luckily I didn't get out because I've
40:32learned my lesson
40:33>> you know. Um so yeah
40:35>> and one other thing I had uh in mind
40:38maybe this is just clarity for me. Um
40:40you mentioned obviously this idea about
40:42stacking uh potential trades towards
40:44going to a larger significant point of
40:47liquidity. Um you mentioned the benefit
40:49of doing that is obviously amplifying
40:51your position size uh increasing
40:54basically the the amount of money that
40:55you're going to make on a single idea.
40:58>> Uh you mentioned you do that primarily
41:00after risk has been taken off the table.
41:02>> Yeah.
41:03>> Is are you going to break even after
41:05you've taken initial profits at that 1
41:07to three? Is that a mechanical rule or
41:09is there a different way that you do
41:10that?
41:11>> M uh mainly mechanical.
41:13>> Okay.
41:14>> Because as I said the one to three
41:16usually uh by the time that's hit
41:18structure has been formed.
41:20>> Okay.
41:20>> And because we've already waited for all
41:22this liquidity and the price to get to
41:24the discount and to the left and the
41:26high time frame structure. Ideally based
41:28on the strategy in the edge price
41:31shouldn't be taking this area out again
41:32this low. And you know because it's more
41:34of a scalping lower time frame entry
41:36that low and and the entry are pretty uh
41:39close by as well as the fact that there
41:41should be more structure that's formed
41:43by the time that one to three is hit.
41:45>> Okay. So that therefore again price
41:47shouldn't be if the idea is valid at
41:49that point [clears throat] shouldn't be
41:50going back and this is where it came
41:51back to the risk management is so
41:53important because one to three you take
41:55that off you get a stop loss worth
41:57almost of a profit in the chamber and
42:00then go break even if and we'll come to
42:02when I don't do break even right
42:03>> okay
42:04>> um because then what happens is if that
42:06idea is wrong at that point but yet the
42:09overall idea stays bad the bigger
42:10picture idea because bear in mind those
42:12bigger picture ideas could be three
42:13weeks a month month and a half I've had
42:15that some of the examples I believe
42:17we're going to go over were that um so
42:20in that case it could be wrong for that
42:21moment that day right but maybe not that
42:24week so therefore later in the week this
42:26becomes again a maybe again back to that
42:28example that might have been a five
42:29minute early buyers but that's an hourly
42:31>> got you
42:31>> right so now you got a much bigger one
42:34and then you get the same again on lower
42:35time frames you get your early buys on
42:36the one minute
42:38>> and then you see the break
42:39>> and then maybe even now an extra daily
42:41low's taken as well it's more the idea
42:43is more valid now than Yeah,
42:45>> right. But this is where as a trader the
42:47challenge comes
42:48>> because now how do you stop yourself
42:50getting tricked into selling and
42:51thinking you're wrong and revenge
42:52trading? But that's [snorts] where the
42:53beauty of that one to three helped
42:55because now you bought a stop loss even
42:56though you didn't lose.
42:58>> The beauty is though. Now let's talk
42:59about your actual question. When don't
43:01you go stop uh break even? Let's say if
43:03there wasn't structure and price just
43:04aggressively went.
43:06>> Yeah.
43:06>> Right. I would still take the partial
43:08but I might just reduce my stop. Okay.
43:11>> Right. So it might be a case where um
43:13maybe my original stop was to the higher
43:15time frame low. Now I've moved it to
43:17below this low. So now my risk went from
43:20let's say uh half a percent now it's a
43:23quarter of a percent but on top of that
43:24it's even lower because I took the
43:26partial
43:27>> right?
43:27>> Um so it might be.1% risk now right but
43:31let's say even if it was half a percent.
43:33>> That partial is paid for the trade.
43:35>> Yeah.
43:35>> So even if it loses it like essentially
43:37break even
43:38>> right? So if that's to happen, I now
43:41don't really take a loss and even if I
43:42do, it's very minuscule and allows me to
43:44be more calm as well and stick to the
43:46process and means if I take this trade
43:48now one from a prop firm perspective, I
43:50still have risk. I'm not like in draw
43:52down and the emotions getting it. And
43:54just from a trading perspective in
43:55general, like I know I I paid for this
43:58trade and allowed myself not to be in a
44:00position where I'm down down to get this
44:02trade. And I follow the same process,
44:04right? Early buys blah blah blah and
44:05then we see that reaction again. as long
44:07as the overall idea is still intact. If
44:09anything, now we have more weight
44:11because of this and then we go again and
44:14same principle follow the same rules.
44:15Right. And the beauty of this might be
44:17that one to three in this case might
44:18even still be within this leg.
44:20>> Yeah.
44:21>> Right. And it might even be that because
44:23of that and the aggressiveness of this
44:25potentially you might say I might not
44:26even take volume at one to three this
44:28time. I'll take the volume when I hit
44:29this.
44:30>> Right. And now again price might come
44:32down give you another entry and repeat
44:34the process. M.
44:35>> And so rather than even just getting one
44:37entry per higher low on the higher time
44:38frame, you might end up getting two
44:40>> within one leg,
44:42>> right?
44:43>> And then you might do it again there and
44:45there. And then you're not trying to get
44:46as many entries as possible. If I'm
44:48going to take another entry, though, I'm
44:49always risk free on the first one.
44:50>> Okay.
44:50>> So there's never like a multitude of
44:52risk on the table.
44:53>> Got you.
44:53>> Especially because the prop firm I was
44:55trading with restricted me to 1% risk.
44:56So I couldn't I had to be careful. Um
44:59which again, you know, people say it's a
45:01negative and I get it because it's like
45:02more restrictions, right? We don't like
45:04being restricted as a trader. Uh but at
45:06the end of the day, I did that $140,000
45:08uh in payouts on 1% risk. Um or well 1%
45:12risk rule. I did it risking half a
45:14percent. Yeah. You know, because the
45:16stop losses were nice and tight. We were
45:18swing trading. So even you know some of
45:20the trades being 1 to 20s, I was getting
45:2210% on a trade,
45:24>> right? Maybe after partial was seven or
45:25eight%. Right?
45:27>> Do you do you stick to half a percent
45:29risk even in the challenge phase?
45:31because I know some people they have a
45:32different protocol with risk between
45:34challenge and funded
45:35>> challenges. I'll be happy to do one just
45:36because of the nature of it. Like it
45:38doesn't, you know,
45:39>> you're not trying to pass quickly, but
45:41it's
45:42>> you're not going to get anything from
45:44doing half% risk, right? Uh and doing it
45:46slowly in terms of
45:48>> there's no payout on the line. You're
45:49not making anything. You're just trying
45:51to uh get through this. But to be fair,
45:53um you could risk 1% on the fund of
45:56doing this. I was purposely doing it
45:57because I knew
45:58>> I don't need to risk 1% because of the
46:01nature of the trades. Yeah,
46:02>> plus with the 1% rule, it just invites
46:05slippage, invites chance, swaps,
46:08>> swing trading, bear in mind, remember?
46:09Yeah. The swaps on the prop firm I was
46:11trading on,
46:12>> which is FTMO, is no secret. It's no
46:14shade, but the swaps were insane.
46:16>> There was times where the swaps were
46:18almost 2%. 2% because I was holding that
46:21long, but 2%. I don't for me, I've not
46:24seen those sort of swaps in live
46:25trading. So it felt a little in my
46:28opinion very aggressive from the profit
46:30perspective but they get to choose you
46:32their choice you know at the end of the
46:34day I still made 20,000 right or 140,000
46:37even with those crazy swaps right um so
46:40it's not like again like we could sit
46:41here and say ah prop from this prop from
46:43that or you did this you did that but
46:45you just change a few things tweak a few
46:47things accept a few things you still
46:49make money
46:49>> like okay I that $140,000 uh000
46:53>> it's a lot that you know for most people
46:56they could be full-time on that,
46:57>> right?
46:58>> For me, it was literally just doing it
47:00on the side because I love trading. I
47:01also wanted to test myself and see if I
47:03can trade on the side whilst doing the
47:04podcast. And also, don't get me wrong,
47:06bit of like social. I am a trader still,
47:08guys. Yeah. Don't don't think I'm just
47:10podcasting out here. I can do this
47:12stuff.
47:12>> Yeah.
47:12>> I just choose not to because I don't
47:14need to, right?
47:15>> And I'm very fortunate, thanks to
47:17everyone, the community, and all the
47:18things that we do to be able to say that
47:20and do that.
47:21>> But at least I know I still have the
47:22skill set,
47:23>> you know. Uh so it's and I did that with
47:26one prop firm. I only traded with FTM
47:28only because that's who I traded with
47:30before and I already had accounts and
47:33main thing for me was like oh I don't
47:34want anyone to be able to question ah
47:36you have a partnership with them and
47:37you're probably just faking it. So I did
47:38it with them who I never work with. They
47:40don't work with anyone. That was my
47:42mindset. Uh but I did it with them being
47:44maxf funded mainly. So two 200k
47:46accounts. I did them separately so that
47:48I could lose one and not worry and be no
47:50funded. I did end up losing one and a
47:52lot of the payouts I did were on one
47:54200k account risking half a percent for
47:56the most part uh I risking half% on per
48:00trade but doing this the big payouts 20k
48:0330k payouts were from from getting this
48:05position
48:06>> but they didn't happen all the time and
48:08I did get when I did it one time I did
48:09get guilty of trying to replicate a
48:11couple times uh and it can bite you but
48:13again if I do half percent risk even if
48:14it bites me I'm losing like one and a
48:16half percent um you know if I'm trying
48:18to take multiple entries so
48:19>> it helps
48:20Um, one last question I have. Sorry, I
48:22know I'm picking your brains with this.
48:24>> Um, do you I I know obviously and you've
48:28talked about this right at the very
48:29start that sometimes structure is not
48:31always as clean as the perfect higher
48:33highs, higher lows, right?
48:34>> Um, there are obviously going to be
48:36occasions where you get wicked out of a
48:38market, you get stopped out and then
48:40another entry criteria presents.
48:42>> Y [snorts]
48:43>> do you give yourself a rule? Do you have
48:45a protocol which says I'm only allowed
48:47to take x many attempts at an idea
48:50before I stop for a day, a week, or as
48:53long as the entry requirements are
48:54there, do you always pull the trigger?
48:57>> So for me that as long as the idea is
48:59valid, I'll still attempt the idea.
49:01However, based on just human psychology
49:04and my own personal psychology, I will
49:07aim to not take more than three in a
49:09day. Okay?
49:10>> Right? Because even if the idea might be
49:12valid, that's where, you know, the tilt
49:14starts to come in. And then that's where
49:15you start making impulsive decisions
49:17even if your the idea is valid still
49:20because the problem with that is if you
49:21let it go to even two to three even
49:23three in a day for a swing trading
49:24perspective can be on the higher end.
49:26>> Um but it can happen because if you're
49:29trying to get the scalp entry it makes a
49:30little bit of sense.
49:31>> The issue is is that
49:34I've had that before. That's how I
49:36remember I said I my spend isn't that
49:37much when it comes to that $140,000 in
49:40payouts. My spend was like literally 23k
49:42max. Um, I checked it as well to see and
49:45it was literally so low. The reason for,
49:47but when I did lose an account, I
49:49remember one time it was because I was
49:51getting caught up trying to the idea was
49:53still valid but trying to get that entry
49:54on the lower time frame and getting
49:56sucked into those lower time frames and
49:57not following like a two to three stop
49:59rule
50:01and then I was I lost that account and
50:04then the idea valid still presented the
50:06next day or two days later.
50:07>> Gotcha.
50:08>> Right. So then all I had to do was
50:10follow the rule, lose maybe 1%, one and
50:12a half% max,
50:13>> maybe even lose half% the next day if it
50:15if it presented, but then the day after,
50:17still be in the game, may maybe down
50:19technically let's say 2% in that
50:21example, but then the trade makes 8%.
50:24>> Yeah.
50:24>> You know,
50:25>> yeah.
50:25>> Uh but that's that's again human nature.
50:28That's our job. The beauty of prop firms
50:30is that you could uh lose those trades
50:33and let's say I could lose those that
50:35account and potentially still, you know,
50:37go in and pass it pass the challenge on
50:39that next idea because I just bought
50:40another challenge. The difference with
50:42live trading though is if you let that
50:44happen, there is no reset. You can't buy
50:46again. So if you did do that and be
50:47stupid and blow out
50:49>> there and the idea plays out next, what
50:51are you going to do? You're not just
50:52going to pull out. Some people do,
50:54[laughter]
50:54>> but you shouldn't just pull out more
50:55money and then do it again. You need to
50:57be able to take that step back. So
50:58thankfully the beauty of what we talked
51:01about on the podcast is you know because
51:02I don't need the money from trading it's
51:04quite rare that I find myself doing that
51:06aggressive tilt stuff. If I did however
51:08I can imagine it would be much harder to
51:10control being on those lower time frames
51:12and taking multiple entries
51:14>> to probably follow that rule as much
51:16>> because I need the money from trading. I
51:18need to make this trade. I need to make
51:19sure I don't miss it. Let me keep going.
51:20>> Yeah.
51:21>> Right. And that's where like having that
51:23financial foundation and strength behind
51:25you to take that pressure off the
51:27trading itself is going to be so
51:29beneficial
51:30>> 100%.
51:30>> Because most people are, as far as I
51:32know, scalping.
51:33>> Yeah.
51:33>> And and sort of day trading shorter
51:35term, lower time frames. And there's so
51:36much emotion and commotion that comes
51:39with that. And therefore, if you need
51:40the money, you need the trade to work,
51:42that pressure will literally send you
51:44into that flight or fight response.
51:48>> And before you know, you don't even
51:49realize you're doing it until it's over.
51:50>> Yeah. you know, and you're sweating out
51:52and your heart rate's racing and you're
51:53pissed and you're angry and you're
51:54drained. Um, and we've all been there.
51:57You know, I spent a long time there
51:58before I became profitable.
51:59>> But the funny thing is, this is my
52:01strategy now. My original strategy that
52:03got me profitable was very similar. You
52:05know, it was the institutional numbers
52:07>> um and structure. It just didn't have
52:08the liquidity aspect and the early
52:10buyers and sellers aspect. It was just a
52:11pure limit on the on the numbers with
52:14the Fibonacci and the structure. That
52:15was it.
52:16>> Um, yeah. And that's how I actually my
52:19first ever funded account before we get
52:20the charts out. My first funded account,
52:23first time ever doing a challenge,
52:25passed it first time the challenge, the
52:26verification had 100k account on FTMO,
52:29did 62%
52:31in one month, right? Ruined my mindset
52:34obviously.
52:34>> Yeah. Amazing, right? But ruined my
52:37mindset because doing that one you first
52:39time it was just like in my head I was
52:40like problem is the most easiest. Why
52:42have I never done this before? It's the
52:43easiest thing ever. Next month I'll do
52:44100%. But it just so happened that that
52:47limit strategy, just placing limits on
52:48the numbers and I think I just learned
52:50about order blocks back then. So like I
52:52just line up the order blocks with the
52:53structure and so on. It just so happened
52:56that for whatever reason that month it
52:58was just hitting.
52:59>> It was like the winning streak for that
53:01level of strategy. So I was just hitting
53:03and hitting and hitting and then uh the
53:05next month I got up to like 12K but
53:07because I was trying to pro you push to
53:09get the same numbers 12K became four or
53:11three and I took that payout and then
53:13the next month I blew it
53:14>> and then I spent a little time this is
53:16like you know what seven years ago now
53:18[snorts] uh around then
53:20>> spent some time like doing that for a
53:21while trying to replicate the success
53:23and then I had to take a step back and
53:24go no
53:25>> you just got lucky you need to sort this
53:27out and create a formula [snorts]
53:29>> um which then I started creating the
53:30rules and so on. So yeah,
53:32>> fair. Cool. Are we Is there anything
53:34else that you wanted to share from the
53:36theory perspective or can we pull up
53:38some charts?
53:39>> Let's go to the charts, man. I think
53:40that people probably rage baying us
53:42right now saying, "Hey,
53:43>> I don't want to see this whiteboard."
53:45You [laughter] know, I love the
53:46whiteboard. It's my favorite bit.
53:47>> All right, let's do it.
53:48>> Cool.
53:48>> Okay, so we're back on the charts. Uh
53:50we're currently looking at a daily chart
53:52of Euro Dollar. Um what we looking at
53:54here? Talk me through this.
53:56>> So Euro Dollar. That's uh I tried to
53:58clean my charts up before coming today
54:00cuz someone commented online saying your
54:02charts are wacky and messy and even they
54:04said my strategy is wacky and I was like
54:05I don't even you don't even know my
54:06strategy but [laughter]
54:08now you will hopefully hopefully it's
54:09not too wacky. I don't know but um we're
54:11looking at a bigger picture here. So
54:13what I want to do is just run you
54:14through what my mindset was in terms of
54:16my bigger picture ideas that led to then
54:19the trades. As I said look at the bigger
54:22time frame structure and then form your
54:24ideas of where price should go. identify
54:26your liquidity points and then your job
54:28is just to wait for entry areas and
54:30criteria to be met and then execute
54:32accordingly. So it's quite simple like
54:34literally you don't need to in my
54:36opinion you don't need anything on your
54:38chart to look at the structure right
54:39again what are we looking at here higher
54:41low higher higher low higher high right
54:45from a big yeah monthly we go monthly
54:47there from a bigger thingy if you go
54:49even more zoomed out you could literally
54:50say lower low high right it's just about
54:54>> which uh sort of time or section are you
54:58looking at right so when I look at this
55:00what is if we look at it from a bigger
55:02picture what does euro
55:03dollar like to do. This is a a big hack
55:05when it comes to trading is literally
55:07treating each pair or asset class uh
55:10that you're trading as a personality,
55:13right? Or a character if you will and
55:14then just looking at it and go what is
55:16the characteristic of this or what's the
55:18personality of this pair. So Euro dollar
55:20I've traded for a long time but even
55:21without trading for a long time if you
55:23look at it from the month just the
55:24monthly
55:25>> it loves to pull back
55:26>> right it does love to chop around as
55:28well but it loves to when it has to has
55:29has a move pull back at some point you
55:32see it all over here all these legs down
55:34pull back legs down pull back even here
55:36when we had a really extended sell off
55:38pulled back sell off pull back sell off
55:41pull back rise so my mindset coming into
55:44this when we pushed up was now as in for
55:48price doing what it's doing right now is
55:50to pull back. Now my mistake if you will
55:53is how fast will that pull back take cuz
55:55I'm forgetting this is a monthly time
55:56frame.
55:57>> So for that pullback to take place I
55:58thought oh yeah when we were here we'll
55:59come back straight away. Yeah
56:01>> but this is actually you know if we look
56:02at it exactly what should have happened
56:04is slow down still opportunity within
56:06the slowdown and then pull back and now
56:08it looks like we're actually going to
56:08pull back. So when I go to the monthly
56:11very simple resistance here previously
56:14broken through fair value gap on the
56:16monthly time frame should probably feel
56:18that
56:20low to high that's a range right
56:22previous low to significant recent high
56:2450% sits right there right so now what
56:28do we what have we lined up straight
56:29away we've lined up fair value gap on
56:31the monthly time frame pullback based on
56:33the characteristics uh the 50% of the
56:36range
56:37already for since getting to this high
56:40we have our sort of target for where
56:42price should go right and generally what
56:44should price should do longer term okay
56:48when price uh here to the left and we're
56:51going to talk about these longs okay
56:53first and then we'll go into the shorts
56:54and so on
56:56why this area to the left fair value gap
56:59right you could say order block on the
57:01monthly time frame is well above that
57:03liquidity from these monthly highs these
57:06equal highs these monthly highs to the
57:07left, right? So again, we've stacked
57:10confluence of why should price get there
57:12from when we were here, right? Why
57:14should price get to this area before we
57:16look to potentially slow down and
57:17reverse?
57:19>> Simple one time frame dissecting data,
57:22dissecting uh again buyers, sellers,
57:25liquidity, structure. Simple.
57:29Go to the weekly. We can we don't have
57:31to go to the weekly to be honest with
57:33you because we can literally just use
57:34what we looked at, right? But for the
57:36sake of just going through the time
57:37frames, similar thing we look to the
57:39left, that's that area weekly fear value
57:41gap now in line with that monthly. So
57:44even more, okay, layering confluences
57:46here. That's uh that liquidity build up
57:48here is even more clear in terms of high
57:51and high, right? Or I think even almost
57:54equal highs right there. We go to the
57:56right, what do we have? Significant low,
57:59right? Can act as a liquidity point. So
58:01obviously from here we went higher
58:03higher low higher high but that's
58:06internal to that monthly
58:08>> right. So that monthly time frame was
58:10just from low to high.
58:11>> Yeah.
58:12>> So though that might get broken on a
58:13weekly and then people might go ah this
58:15is bearish on the monthly we're still
58:17bullish right and then if you want to
58:19take it one step further on the monthly
58:21we have this liquidity right here still
58:23to be swept.
58:24>> Yep.
58:24>> Right. And now we've added to it by
58:26stopping here. Right. So, we're still
58:29bullish in that in that respect. Longer
58:32term that that could probably take years
58:34potentially to play out, but at least we
58:35know overall there's an anchor there or
58:37or I suspect there's an anchor there.
58:40But again, liquidity, right? So,
58:42internal liquidity because right now
58:44between here and here there's nothing,
58:47right? So, price should look to go and
58:49take that out before then we see any
58:51sort of potential move back to the
58:52upside. If let's say we don't get a
58:54reaction there, then we have the next
58:55area, right? and it still remains
58:58bullish.
58:58>> Yeah,
58:59>> I just wouldn't expect price to take
59:00this out. If it takes that out, that's
59:02where the idea could shift.
59:03>> Okay.
59:04>> Yeah. [snorts]
59:06>> On a lower time frame, uh sort of closer
59:09price action, should I say, perspective,
59:13why wouldn't we look for price to get
59:15down here before this point? Because at
59:17this point, it's still all bullish.
59:19>> When it broke this low and made that
59:22lower low, now on the weekly, we made
59:24lower high to lower low. We're just
59:26following that again, those very simple
59:28lines we started with. We go daily time
59:30frame. It's the same price action, just
59:32way more, you know, spread out. So,
59:35where do our trades now begin? So, now
59:37I've told you the bigger picture. Let's,
59:39uh, let's get bring the drawings back,
59:41the mess, if you will. Uh, we can try
59:43and clean it up as we go along. But, as
59:44you can see, what's marked out, let me
59:46label it for you. This is the fair value
59:48gap from the weekly time frame. This is
59:50the significant
59:52those equal highs, right?
59:55And this is the fair value gap from I
59:58believe actually one second. That fair
1:00:01value gap is the monthly one.
1:00:02>> Yeah, it looks about right.
1:00:03>> Yep, that's the the monthly one. And
1:00:06therefore, when price was Oh, I went
1:00:09skipped a step. Sorry. When price was
1:00:12over here, and this is where we're going
1:00:14to begin the trades that I took.
1:00:16I already had mapped out the fair value
1:00:19gap on the monthly, the liquidity point,
1:00:21and the fair value gap. Knowing that we
1:00:23were bullish at this time, my mindset
1:00:26was we're going to target here before we
1:00:28get here. Right? So, we continued with
1:00:32our bullish um price action. So if we
1:00:35want to then look at the most recent
1:00:36structure, we look at this higher low
1:00:39for the daily. Higher high, higher low,
1:00:43higher high, higher low, higher high,
1:00:47higher low,
1:00:49higher high. Right
1:00:52now, again, this goes back to what
1:00:54exactly what you said in terms of it's a
1:00:57bit messy, isn't it? But um let's clean
1:01:00that up. But in terms of if we were
1:01:03using straight lines, that's easy to
1:01:05see. But if you look at actual candles,
1:01:07this look at this. This is this would be
1:01:09harder to dissect potentially.
1:01:10>> Yeah.
1:01:10>> Right. Because you could then question,
1:01:12okay, what about this higher low here to
1:01:14that high high? Right?
1:01:16>> But my answer to that is did we get that
1:01:20discount?
1:01:21>> Right? So here price did not go back to
1:01:24a discount. So my
1:01:26thesis and what I do is just extend the
1:01:28range.
1:01:29>> Okay? until we get that discount then
1:01:31that for me it would be then a fulfilled
1:01:33or completed range and price action.
1:01:35>> So in this case look if you see high
1:01:37high
1:01:39>> 50%.
1:01:40>> Right. And I'm sure numbers wise that's
1:01:43the 0 like that's 1400 to the left here.
1:01:45Sorry, I should uh you guys can't see if
1:01:47I'm pointing but here to the right
1:01:50you'll see that um you see liquidity
1:01:53again to that point liquidity has been
1:01:55swept there because people are going to
1:01:56assume break of structure lower low
1:01:58we're now bearish and so you're seeing
1:02:00that inducement take place that emotion
1:02:02come in u and so that the criteria is
1:02:05being met right overall bullish nature
1:02:08overall higher time frame target uh we
1:02:11had the 50% of the range liquidity swept
1:02:14now we're looking for entry.
1:02:16>> Right. So now what we're going to need
1:02:18to do is we're going to need to do the
1:02:20bar replay. Uh start new and we're going
1:02:24to need to bring it back to about here
1:02:26so we can see the price action. I
1:02:29actually like that they put I like I
1:02:31dislike for this very moment. I dislike
1:02:33it because now there's something more on
1:02:35the chart. Uh but I like it because then
1:02:37people can't fake uh trades as if it's
1:02:39uh live and actually it's in replay. So
1:02:41that's not bad.
1:02:43So you can see the charts are marked up
1:02:45with uh the trades from previous. Now I
1:02:48didn't manage to get an ex execution
1:02:50here. Um
1:02:52very simply put one it was Thursday and
1:02:54Friday and two I was probably busy and
1:02:56three as you can see though from the
1:02:59daily here there wasn't much for me to
1:03:01go off you know daily wise we just come
1:03:03in slow out straight away right
1:03:06>> and just reversed.
1:03:07>> So that's a shame because I do like to
1:03:08try and get the bottoms but it's the
1:03:10nature of the game. But we go to the
1:03:124hour time frame and we'll just move a
1:03:14bit to the left so you can see the price
1:03:15action and you can see where I have this
1:03:17marked out.
1:03:19So price has already extended
1:03:21unfortunately. We're quite far from the
1:03:23low. However, that momentum was very
1:03:25strong and that was on a Friday. Coming
1:03:27into Monday, we slowed down and chopped
1:03:29around coming into Tuesday. Why why are
1:03:32we interested here? We're going to break
1:03:33it down. So we'll go down to the 15 if
1:03:36it allows us to. Yeah. Did it? Yeah, it
1:03:38did. Just one second. Then we have to go
1:03:40back here.
1:03:42So if we take a look at what happened
1:03:44first at the low because the low didn't
1:03:48present a valid entry for what we've
1:03:51covered, right? So regardless we
1:03:53wouldn't have got in. It presented some
1:03:55of the elements but not all of it.
1:03:57>> Some of the elements being that on a
1:03:58lower time frame you get early buyers,
1:04:00right? So you see price here make a
1:04:01lower low, lower high, lower low. Price
1:04:04broke that would have brought in buyers.
1:04:06Liquidity below all these significant
1:04:08lows, right? I say significant like all
1:04:10these 15-minute lows. Quite quite a
1:04:12group of them. When price swept that,
1:04:15you then got your impulse, right? And
1:04:18you could have then entered. But as you
1:04:20can see, price did sweep ever so
1:04:21slightly below that low by a few pips.
1:04:23Very. So depending on your buffer amount
1:04:26or maybe you have a wider stop, you
1:04:28might have got in there maybe.
1:04:30>> But let's go with the rules that I was
1:04:31following and the lower time frame entry
1:04:33would have got stopped out if I did
1:04:34execute that.
1:04:35>> Aggressive push to the upside though.
1:04:37Everything's been met at this point,
1:04:39right? Because we've had the higher low.
1:04:40We're below the 50%. We swept liquidity
1:04:43to the left. Uh we've had the early
1:04:44buyers down here and then price has
1:04:47aggressively moved up. Uh breaking lower
1:04:49time frame structure to the left being
1:04:51having that structural alignment as we
1:04:54talked about.
1:04:56So now we're on the Monday. So prices
1:04:59closed like this on the Friday. The
1:05:00Monday comes in. The Monday we just
1:05:02chopped sideways. Why is that good? Why
1:05:05was that good for me? Because now we
1:05:07built this liquidity here,
1:05:12right? These lows
1:05:14and the highs.
1:05:17Okay, we essentially created that range.
1:05:20So again, going back to that thesis,
1:05:21anyone who's traded within that day,
1:05:23stops above, stop belows. That's all
1:05:25it's going to be.
1:05:26>> Most people are obviously going to be
1:05:28looking for price to pull back, right?
1:05:31Why didn't I look for price to pull
1:05:32back? Because below this low right here,
1:05:36there is nothing. There's nothing there.
1:05:39>> So, at most price could take that low
1:05:41and maybe go higher, but that's about
1:05:43it. There's nothing else for it to do
1:05:45there.
1:05:46>> Uh, it won't look to go even lower
1:05:48because there's nothing for price to
1:05:49take. It needs that liquidity for the
1:05:51price to move. That's how price that is
1:05:53how price moves is the orders, buyers
1:05:55and sellers. If there's nothing there,
1:05:57>> then there's nothing for it to do.
1:06:00So if we then go to the left, this is a
1:06:02fair value gap I believe on let's just
1:06:06quickly check that
1:06:10to the left on a particular time frame.
1:06:13I'm trying to remember now.
1:06:23We'll quickly check, but it's
1:06:24essentially an area on one of these time
1:06:25frames. [snorts]
1:06:28If we get back far enough. Here we go.
1:06:32[snorts] Um, it won't be a minute time
1:06:35frame, but it could probably be a
1:06:41I'm not even sure now. It'll be
1:06:43something. But, um, essentially, it's an
1:06:45area though, right, of interest
1:06:48>> that is marked out.
1:06:50Here we go. Sorry about this, guys.
1:06:53Probably making you all dizzy if this is
1:06:55on your YouTube or your phone. Um but
1:06:57essentially this is an area uh of
1:07:00interest in terms of to the left um that
1:07:03price has already come into on the
1:07:04Friday mitigated and had this reaction.
1:07:07So it's not really relevant anyway to
1:07:10when we then trade. So it doesn't matter
1:07:12too much on that side of things. What
1:07:14we're interested though in is that that
1:07:16was mitigated then uh obviously made a
1:07:19new high. So that's a new structure for
1:07:20that lower time frame. And again taking
1:07:23that same mindset that
1:07:26price shouldn't break this low because
1:07:27there's no liquidity below it to take.
1:07:30We're in the 50% of this range. Uh we've
1:07:33swept the range of the Monday, right?
1:07:35The liquidity of the the low. And now we
1:07:37are interested over here, right? So what
1:07:40do we need to see? Remember before entry
1:07:42we want to see early buyers. Where are
1:07:43they? Right here.
1:07:45>> All right. Uh range.
1:07:49Yep. Why? Because this higher low uh
1:07:53lower high sorry to the left was broken.
1:07:57What do people do? They're looking to
1:07:59now buy break a structure. This was
1:08:01after that liquidity was taken as well.
1:08:02So adding up those layers.
1:08:04>> Yeah.
1:08:05>> Price then swept out. When price swept
1:08:07out, we then
1:08:09>> we didn't break structure to the the
1:08:10highs here, right? We built this
1:08:13liquidity here and then we had our
1:08:15impulse breaking this structure and
1:08:18that's the entry. Now, for me, because
1:08:19price was so close to this low, if I'm
1:08:22not mistaken, I have the entries. Uh
1:08:25they'll be I share them in the chart for
1:08:27discord for free. Every every trade I
1:08:29take, I document in there, win, lose,
1:08:30whatever. So, I'll be able to have the
1:08:31screenshots for the recording. So,
1:08:33you'll see the exact entry. Um but
1:08:35essentially, that was it though. When
1:08:36price had impulse up, I've executed.
1:08:38It'll be within this, you know, whether
1:08:39it's at the high or not. But regardless,
1:08:42if I'm not mistaken, I'm pretty sure I
1:08:43would have put my stop loss below the
1:08:44low to be safe, which means it's a bit
1:08:46bigger, but it could have been below
1:08:48this low. So, we'll check that with the
1:08:50with the screenshots.
1:08:51>> But for me, it was quite simple. Why?
1:08:53And it's such a great trade. And I
1:08:54remember this trade though, normally one
1:08:56to three, right? In this case, I took
1:08:58some off uh the first 20% there.
1:09:00>> So, in this case, just over one to two.
1:09:02Why? because of that range and because
1:09:04of the significant push and because this
1:09:07isn't the low that I usually would like
1:09:09to have in terms of the overall picture
1:09:13>> I was like in case price does react here
1:09:15for any reason and look to come back I
1:09:17may as well pay myself something yeah
1:09:18>> so I did take the 20% off here at 1 to2
1:09:21but rules-based right that structure and
1:09:23liquidity to the left
1:09:25>> after that however price continued right
1:09:28and then this trade became a very big
1:09:31trade I I probably spent a bit too long
1:09:34breaking down one trade, but now we can
1:09:35because we had the idea and everything
1:09:37broken down. What's the target for this
1:09:39trade?
1:09:41This liquidity.
1:09:42What was the secondary target, however,
1:09:44for this trade?
1:09:46>> The significant higher when when price
1:09:47gets to higher high territory. They're
1:09:49very close to each other. And I'll tell
1:09:52you something. This is something I
1:09:53learned from Fabio Valentini because I
1:09:55believe at this point I had done the
1:09:56interview with him where he live traded.
1:09:58And it was a concept. So even though he
1:10:00trades futures, even though he trades
1:10:01order flow, there was a concept that
1:10:02really stuck with me and it really it
1:10:03made a lot of sense. And just hearing
1:10:05the concept allowed me to implement it,
1:10:07which is when price uh is compressing
1:10:10and like you're seeing significant
1:10:12rejections from a let's say a high in
1:10:14this case, when price finally breaks it,
1:10:17it's going to aggressively break it.
1:10:19>> It's going to squeeze. And therefore, it
1:10:22gave me the conviction that hey, look,
1:10:24high
1:10:26we go to the left. Sorry, should have
1:10:29gone a different time frame.
1:10:30>> Go to the left highs.
1:10:32>> Right. So, I already know there's a lot
1:10:35of that squeeze potential. So, I had a
1:10:37lot of confidence that if we break this
1:10:38high, we're squeezing to this high.
1:10:39>> Yeah. Right.
1:10:42>> Um and that again, I didn't have order
1:10:45flow. I didn't have to change my
1:10:46strategy. It's literally just the
1:10:48philosophy of understanding all this
1:10:51pressure is built in that area. So when
1:10:53it does break that pressure is going to
1:10:55explode if you will like it's going to
1:10:56have a aggressive push which you see
1:10:58over here. Right
1:11:00now, uh, let's speed up a little bit
1:11:02because of time. And I I hope you're
1:11:04interested, but we have this trade on.
1:11:07Now, it's break even. Now, it's just,
1:11:09you know, volume has been left on. Um,
1:11:12you know, from when we took, to be fair,
1:11:13I did take a small partial here just in
1:11:15case because it's a significant high as
1:11:17you can see. Small partial. Nothing
1:11:18major because it was so close to this
1:11:20one anyway.
1:11:22But we're holding this now. Okay. Now
1:11:25the idea is still in play though at this
1:11:27point where prices is here 1 to five one
1:11:29to so on and one of the hardships of
1:11:30swing trading is seeing P&L
1:11:32>> fluctuate over and over and over. Okay
1:11:36so here was a great trade here was a
1:11:38phenomenal trade the exact same right at
1:11:40this point what have we done we made a
1:11:42new price range right low to high okay
1:11:47I'm going to delete the old one just so
1:11:48we don't get too too me it's already
1:11:49messy I know I apologize oh just for out
1:11:52there by the way this number
1:11:57I've crashed my laptop now. I apologize.
1:12:00Here we go. Um, this number, by the way,
1:12:03if we get back down here, was within the
1:12:07two and the 500, right? Wasn't quite in
1:12:10the 200 range. As I said, like before,
1:12:13when we would uh
1:12:15uh set limits, let's say I would have a
1:12:17limit on the 500. I'd have a 35 pip
1:12:19stop, right? Back in the this was back
1:12:22in the day. So 500 if I had a 35 pip
1:12:25stop that would put us at 150 which
1:12:28means if I did that it would have worked
1:12:30>> right but in this particular case it
1:12:32wasn't direct on a 200 or 500 level
1:12:35anyway moving on to the next one. So we
1:12:37got a new price range right low to high.
1:12:39Same thesis we're interested below the
1:12:4250% is buying territory. What do we get?
1:12:44We get buildup of liquidity right
1:12:47significant lows inducing buyers here as
1:12:49well. So early buyers also in this case
1:12:52as you can see just to mark it out so
1:12:54you can see it. Let me move this as
1:12:56well.
1:12:58So you see here lower low high lower low
1:13:01price broke that. So then people would
1:13:04have been starting to buy here and it
1:13:06did tap the 50% as well just about. So
1:13:08people again even more reason why people
1:13:10might be like oh this is it especially
1:13:11with the aggression we've already been
1:13:13pushing. Price sweeps this out. We come
1:13:16lower and then we break structure right
1:13:18here. Right. When breaking structure
1:13:21there, we also get an added confluence
1:13:22if we want it of this build up here
1:13:25where price then sweeps because it broke
1:13:27structure there. This would technically
1:13:29be our protected low
1:13:32and therefore stops can go below here
1:13:34and we can execute in this region,
1:13:36right? Um, if I'm not mistaken, I didn't
1:13:40take this trade though. Um, I I either
1:13:42wasn't at the chart or just did not
1:13:43execute it, but it fits the criteria.
1:13:46So, another compound trade within the
1:13:48next leg is an opportunity, but I did
1:13:50not take that one.
1:13:52We get another one, however, over here
1:13:55to the left
1:13:57where we actually sweep this low, right?
1:14:01Because if you think about it, what
1:14:03happened in this leg? We make a new
1:14:04high, but there's not really much
1:14:05liquidity left within, right? You have
1:14:08maybe this, that's about it. [snorts]
1:14:10Price is now left still.
1:14:14The highs to the left. If anything, we
1:14:15built more liquidity. If I just uh mark
1:14:17it out for you in this case
1:14:21and mark it out like this, right? It's
1:14:24building that pressure. Yeah. Right. So,
1:14:25my thesis is still in play. And overall
1:14:28bigger picture, we're still bullish. And
1:14:30just to add an extra layer, when I was
1:14:32posting these trades on my story, um and
1:14:35we're here, bear in mind, it's very
1:14:37messy. Uh we're here.
1:14:42Everyone's telling me and replying to my
1:14:44story, but RZ structure broke.
1:14:46>> We're bearish. You're you're you're uh
1:14:49going against the trend,
1:14:51>> right? And this is where kind of as I
1:14:52said, like it's hard your perception.
1:14:54You have to try and read the candles.
1:14:55For me, I'm bullish. For me, this is the
1:14:5750%. For them, however, that's a bearish
1:14:59break of structure and they're trying to
1:15:01sell here.
1:15:02>> Y
1:15:02>> So, that was an added compliment for me.
1:15:04So, even when that happened, if we go
1:15:05back now, apologies, there's jumping
1:15:07around.
1:15:09If I keep looking at my watches, because
1:15:11as we like to do things, we like to cram
1:15:13too much into one day. [laughter]
1:15:15But, um, where was I? I was just here.
1:15:19So, this didn't put me off because I'm
1:15:22think it's cramming all this liquidity.
1:15:24That's just an inducement, a liquidity
1:15:26sweep. Um, so for me, I'm like, okay,
1:15:28I'm executing this.
1:15:31So, what do I do? the same thesis. Okay,
1:15:34we swept liquidity from the lows and I
1:15:37remember here going back to your
1:15:38question earlier. I remember taking a
1:15:41taking entry here holding getting
1:15:43stopped out
1:15:44>> right because the same piece has played
1:15:46out here as well. Early buyers over here
1:15:48you see them
1:15:49>> right we're in the 50% of the leg the
1:15:51previous leg still
1:15:52>> um
1:15:54>> price and broke structure right here was
1:15:55great entry probably did hit one to
1:15:57three to be fair but um took in very
1:15:59small partial and then taken out break
1:16:01even. Yep.
1:16:02>> Um over here. Yep.
1:16:06And then when price swept the lows now
1:16:09with the sweep of the lows, here's our
1:16:11early buys here, right? So then they get
1:16:14swept out. We don't see any breaker
1:16:16structure. So there's no reason for us
1:16:18to execute anything. When price gets
1:16:20down here, we then break the structure
1:16:22to the left here and that presents this
1:16:24opportunity here. Uh which I missed that
1:16:27one, which to be fair though isn't
1:16:29necessarily. I would have got like you
1:16:30know partials here and here um like
1:16:33obviously across these highs but it
1:16:35didn't hit my overall target anyway but
1:16:36I missed that one and I remember almost
1:16:39looking at revenge trading here when
1:16:41price came back so aggressively
1:16:43>> because I one taken a break even and
1:16:45then two missed this one
1:16:47>> and then price is back and I was
1:16:48thinking oh let me get in let me get in
1:16:50>> but the fact that it came down so fast I
1:16:53wasn't a fan of and then same here we
1:16:55don't have much structure here to work
1:16:57off there's no real liquidity here in
1:16:59this leg down so that price couldn't,
1:17:02you know, even if it came up, like
1:17:03what's it reacting from? It's not
1:17:04sweeping anything.
1:17:05>> Yeah.
1:17:06>> I didn't expect this to get taken out,
1:17:08but it didn't put me off when it did get
1:17:10taken out. And let me explain why.
1:17:12Because at this point, we had taken this
1:17:13high, right?
1:17:14>> Mhm.
1:17:15>> So then technically again, that's a
1:17:16breaker structure, right? But why not?
1:17:19Because we've still got all that
1:17:20pressure building. We still got that
1:17:22higher time frame still in play. But
1:17:24mainly that pressure was my indication
1:17:25that hey, this is just taking out
1:17:27bringing in sellers, right? especially
1:17:28the aggressiveness of the selloff.
1:17:30People who just got taken out from
1:17:32selling uh from from this leg or this
1:17:34leg down, they're going to be
1:17:35aggressively trying to sell. Now, this
1:17:38is beautiful. Okay. And this is one I
1:17:40did take. And again, we'll have the
1:17:42screenshots and everything for you cuz
1:17:43this was one of those trades when it
1:17:45played out, it got us the 20 30k payout.
1:17:48>> Nice.
1:17:48>> Yeah.
1:17:50>> So, swept the low, we have our early
1:17:54buyers.
1:17:54>> Mhm.
1:17:55>> Yeah. They get swept out. We then sweep
1:17:58additional liquidity to the left and
1:17:59probably daily lows as well.
1:18:01>> Price sweeps. We then we don't break any
1:18:04structure. Then it breaks structure.
1:18:06Choppy but break structure. Very nice
1:18:07stop loss right
1:18:11wherever we execute. Again the
1:18:12screenshots will be there for you so you
1:18:13can see the actual execution.
1:18:16Stop loss below the low. And this might
1:18:18have been a wider I don't know exactly
1:18:20where I executed anywhere within there.
1:18:21It doesn't really matter though because
1:18:22again it's all negligible to the overall
1:18:26target.
1:18:32>> So all time uh new higher high is
1:18:35already even with a 20 pip stop is 1 to
1:18:3710.
1:18:37>> Yeah.
1:18:37>> To the liquidity is a 1 to 15.
1:18:40>> Crazy,
1:18:41>> right?
1:18:42And then same again
1:18:45same again um within this leg. So it
1:18:48leaves the pressure.
1:18:50There's more criteria. Again, we'll go
1:18:53into that very quickly if we can
1:18:58over here to the left, right? It's very
1:19:00I think you can see it already, right?
1:19:02No time at all. Early buyers.
1:19:04>> Yep.
1:19:05>> Sweep the liquidity breaker structure.
1:19:07This one probably had a wider stop if
1:19:09anything. Probably below the low.
1:19:11Probably get some opportunity over here
1:19:13as well. I don't know if I took this one
1:19:14or not. There'll be screenshots
1:19:15provided. I'm just trying to speed up
1:19:17for you.
1:19:18>> Um, same over here again. Another one.
1:19:20So, now you made a new higher high.
1:19:21Still haven't taken out the uh the new
1:19:24high to the left and not the liquidity
1:19:26up here. This one again, we take out
1:19:29this internal liquidity. We're below the
1:19:3050%. You have the
1:19:33>> early buyers.
1:19:35>> They get swept out. This is a very
1:19:37aggressive move. I highly doubt I got
1:19:39anything there. Uh, this is on the
1:19:4015-minute to be fair. if we went down
1:19:42lower um potentially, but I doubt it
1:19:45because it looks like a news thing.
1:19:47>> Um so maybe no entry, but that's okay.
1:19:50Maybe an entry up here if you want a
1:19:51wider stop loss because there's still
1:19:52loads of room to get.
1:19:54>> Uh but yeah, that's another one. Same
1:19:56philosophy. Now, this is exactly what I
1:19:58was talking about earlier. So when we
1:19:59finally did take that liquidity to the
1:20:01left, bigger picture liquidity, I didn't
1:20:03get on my chart until about there,
1:20:06>> right? So that is about
1:20:09let's see about 50 pips. Exactly 50
1:20:11pips. Exactly. I said I had to make a
1:20:13choice, right? Do I try and hold and get
1:20:15the 50 pips again because I missed it?
1:20:17I've been waiting all this time because
1:20:18bear in mind look um
1:20:21if we get the time from first entry that
1:20:24I'm holding
1:20:26to the end, we're talking 43 trading
1:20:30days. Trading days. So add weekends in
1:20:32there. You're talking two months,
1:20:34>> right? And some people might be a two
1:20:36months for trades, but then when you add
1:20:37up all these trades, you're talking 30
1:20:3940,000.
1:20:40>> Yeah.
1:20:40>> And that's just me trading part-time one
1:20:42pair. If I was able to trade more pair,
1:20:44I could have traded more pairs. I just
1:20:45haven't spent the time to go learn the
1:20:47personalities. But let's say I had two,
1:20:48three more pairs like that.
1:20:50>> And most of these moves correlate across
1:20:51especially swing trading wise
1:20:54and we replicate similar success. You
1:20:56could be talking in two months 50, 60,
1:20:5870,000. Hands off. More hands off.
1:21:00Slightly more hands-on I guess if you're
1:21:02monitoring more piss.
1:21:03Um, so yeah, what is the 50 pips? Yeah,
1:21:06you've been holding for the two months
1:21:07and you had this idea of taking profit.
1:21:09To be fair, I should have had hard take
1:21:10profits. The reason I didn't was because
1:21:12of the squeeze. I was like, that squeeze
1:21:13could be really aggressive. Could be
1:21:15really aggressive. So, I want to make
1:21:16sure I try and get hold of that. In this
1:21:17case, it wasn't as aggressed through the
1:21:20high but not to that through that
1:21:22liquidity point.
1:21:23>> Yeah.
1:21:24>> Um, and now imagine if I didn't cuz that
1:21:28was the high. Yeah. From there, look.
1:21:30>> Yeah. And I would have you probably
1:21:31start that's where the emotions would
1:21:33have kicked in massive% you know.
1:21:35>> Um where are we for time? Yeah. So let
1:21:37me try and speedun some stuff here now.
1:21:40But hopefully that all makes sense. Does
1:21:42it really replicate exactly what I did
1:21:44on the whiteboard?
1:21:44>> It looks just like the whiteboard's
1:21:45house which is great to see.
1:21:48>> So those were those trades um up to
1:21:52here. Okay. After that, I normally take
1:21:55a step back once a bigger picture idea
1:21:57is played out because I don't know what
1:21:59price might want to do. Structurally,
1:22:01we're bullish, right? Uh, but price may
1:22:03want to pull back.
1:22:06How do I delete all this mess now for
1:22:08you? Honestly, I am. Sorry. I'm not the
1:22:10best when it comes to keeping my charts
1:22:11clean all the time because I'm barely on
1:22:13them anymore.
1:22:15But that is an important necessity
1:22:16though. You should have clean charts as
1:22:18much as possible because otherwise,
1:22:19look, it can get like this. what you see
1:22:22now. It takes away from price and price,
1:22:24if you can tell from my strategy, is
1:22:26pretty much the core of it.
1:22:27>> We just use some of these lines and
1:22:28tools just to mark stuff out.
1:22:30>> But
1:22:32the new price range has formed, right?
1:22:36So now price should get to the 50%. Now,
1:22:39I didn't short
1:22:41um yeah, I didn't short in this case. I
1:22:43waited for the longs and plus I just had
1:22:45to wait for the payout to process all
1:22:46this stuff. So I'm not in a rush. And
1:22:49again, I'm doing this part time, so I'm
1:22:50not really bothered either.
1:22:51>> But for me, why should we still have one
1:22:53more leg fair value gap above,
1:22:56>> right? We still have that monthly and
1:22:58weekly fair value gap significantly.
1:23:00We're very close to it. It's probably
1:23:02there's still now this liquidity of this
1:23:04high. Um, so that gave me the thesis
1:23:06that we should still have one more leg,
1:23:08I hope. Right? Could be wrong, but I'll
1:23:10wait for price to tell me.
1:23:13>> Great uh counter trend opportunities on
1:23:16the way down. More so here, right? sell
1:23:18off aggressively, slow pull back, daily
1:23:21fair value gap, great short opportunity
1:23:22there into sweeping this liquidity to
1:23:25the left, right? This internal
1:23:27liquidity. Notice once all internal
1:23:30liquidity is taken, right? So that's
1:23:32that low I mentioned. You remember that
1:23:33when I said there's no liquidity below.
1:23:35>> Once all liquidity is taken, now we have
1:23:39the bullish move,
1:23:41>> right?
1:23:43So we go lower. We'll quickly try and
1:23:45dissect this down.
1:23:47Why is this? This is that previous move.
1:23:54Which one do I have to let go of first?
1:23:55This one. [laughter]
1:23:57Um,
1:23:58here's your range, right? You get to
1:24:0050%. Cool. More importantly, liquidity
1:24:02wise,
1:24:03>> you sweeping all the internal liquidity
1:24:05there. There's not really much below
1:24:06that. Fair value gap there on the 4
1:24:08hour. Slow down in price significantly.
1:24:12>> I believe these are trades I took. Uh,
1:24:14which is why those risk-to-reward tools
1:24:15are on there already. Let's just try and
1:24:19bring it to here for a moment. We go
1:24:21lower.
1:24:25And apologies, I'm speedrunning this
1:24:26slightly. It's more so just because of
1:24:28time.
1:24:30Yep. Here you can see the early buyers.
1:24:33>> Yep. Yep. Early buyers are swept. We're
1:24:36in the bigger picture. 50% uh of the
1:24:38daily range. Uh we still have the
1:24:40monthly weekly fair value gap to attack.
1:24:42uh we've swept all the liquidity from
1:24:44the internal range as mentioned early
1:24:46buyers. Uh we then get our break of
1:24:49structure and here's where our I don't
1:24:51know if my entry was exactly over here.
1:24:52Uh I left this on I didn't put this on
1:24:55now. So this I imagine is the trade I
1:24:57took because it's still on there but
1:24:59again screenshots attached 200 level. So
1:25:02look at the entry 185. So just under the
1:25:04200 level for whatever reason probably
1:25:06manually executed for me. It seems like
1:25:08I I chose to stop loss here. I might
1:25:10have and we we'll check again. Stop loss
1:25:12might have been below there. It doesn't
1:25:13matter because the reward is so big.
1:25:15Yeah.
1:25:15>> Um
1:25:16>> where's the next one? Over here. So at
1:25:18this point, this one just went and there
1:25:19are opportunities in here as you can
1:25:21see. Look, internal liquidity low to
1:25:23high. Sweep the lows early buyers right
1:25:25there. You see them uh price after
1:25:27taking them has a breaker structure.
1:25:29Maybe I don't think I I would have an
1:25:31entry there, but still potential very
1:25:32clean.
1:25:33>> Uh same over here. Look, higher high
1:25:36down early buyers sweep break. Yeah,
1:25:39>> just repeat, right? And this is a high
1:25:40time. This is not even one minute. If
1:25:42when you get in the one minute, it does
1:25:43get harder because it get so noisy. And
1:25:45so, expect if you're going to be doing
1:25:47scalping for this that you could take
1:25:48more stop losses, but you can tell that
1:25:51if you have a higher time frame
1:25:53perspective, you can get really great
1:25:54entries um and not have to take too many
1:25:57stop- losses in doing so. So, here's the
1:25:59um another entry that must have been
1:26:01taken. You can see it sits literally on
1:26:02the 6200 level here to the left. So,
1:26:05it's literally on the level. Um the
1:26:07early buyers are earlier slightly as you
1:26:10can see
1:26:11right here. Yeah, we're in the we're
1:26:14higher up in the price range, but we are
1:26:16in the discount of the previous leg.
1:26:20Yeah, and price is swept. We didn't get
1:26:23a breaker structure here, so nothing to
1:26:25execute on. But when lower time frame
1:26:27wise, we swept this liquidity here
1:26:28inside reacted to the left on the level.
1:26:33Nice impulsive breaker structure
1:26:34probably on the five and one minute
1:26:35because we're on the 15 right now.
1:26:37Execution stop loss below the low and
1:26:40then that's all she wrote. Yeah, that
1:26:42went to the Let's see where that went.
1:26:45We're good for time. We can keep going.
1:26:50Where did that go? Um, sorry about that.
1:26:58Uh oh, we'll just get rid of this.
1:27:02And where did that end up going? All the
1:27:05way to the new high.
1:27:05>> Nice.
1:27:06>> Right. Um so these ones probably um not
1:27:10probably definitely uh I would have been
1:27:13holding some decent volume and it would
1:27:14have come back to break even,
1:27:16>> right? I would have ditch followed my
1:27:17one to three and so on. And again,
1:27:19screenshots attached. Um and you can
1:27:21check this all out if you want to
1:27:22actually see in real time the messages
1:27:24and everything. Chart fanatics discord,
1:27:25the risk channel, all my trades, losses,
1:27:27wins, all of them in real time, showing,
1:27:30oh, this one's still up, this one's not.
1:27:32It's all there. You can go check it out.
1:27:33It's all free, you know, all as always.
1:27:36Um, but when it came back down after
1:27:38going break even, I did take these two
1:27:40trades, right? Um, and they were short.
1:27:43Why? Just because they were so simple to
1:27:44me. I was like, price is going to look
1:27:46to sweep liquidity. Um, targeting
1:27:48targeting this 5800 level to the left.
1:27:51Literally, price hit my TP and then
1:27:52reacted. flipped off. Why did it go to
1:27:55that uh that level though? This
1:27:56liquidity here.
1:28:00>> Uh sorry, this liquidity over here.
1:28:01These equals.
1:28:04>> Yeah,
1:28:06>> I got lucky placing a hard TP because if
1:28:08I was trying to get a squeeze or
1:28:09anything, I would have been pinged.
1:28:11Yeah.
1:28:11>> Um but we can try and very briefly take
1:28:13a look at these if we want. Just there.
1:28:17>> You can see these aren't like sexy
1:28:18trades or like anything too crazy. uh
1:28:21you know ones are one to three, one's a
1:28:22one to four. Um but it's pretty simple
1:28:25you know in terms of building liquidity
1:28:28to the lows here. You can see price has
1:28:31come up made in the opposite version
1:28:33here. So in this case it would be
1:28:36bearish example which is good. So
1:28:38bearish example we're above the 50%. We
1:28:40get early sellers actually in this case
1:28:42we get this is a lower time frame you
1:28:45can tell but five higher low higher
1:28:47high. So there's one here.
1:28:48>> Mhm. But um a bit more clearer is to the
1:28:51left here
1:28:53right um and then again reaction from
1:28:57the level that level is 6500 here
1:29:01uh and on the way down I imagine on a
1:29:03one minute time frame I'm executing on
1:29:04lower lows lower highs
1:29:06>> and then just targeting that liquidity
1:29:08to the low
1:29:10um and then similar here is again
1:29:12pullback bring in buyers so in this case
1:29:15technically early buyers um but using
1:29:17the flip minds if that makes sense.
1:29:20>> Um,
1:29:20>> I'm just trying to see if there's early
1:29:22sellers here. On the one minute time
1:29:23frame, you can see here there's early
1:29:24sellers.
1:29:26>> When I say one minute time frame, this
1:29:27is hopefully when you build your
1:29:28experience, you can see on a one minute,
1:29:30this would be higher high. That would be
1:29:31higher low. That would be higher high.
1:29:33And then it broke. Um, just trying to
1:29:35see if there's any even clearer ones.
1:29:38No. But then break a structure. And
1:29:39then, as you can tell, execution is
1:29:41this. Lower low, lower high. Execute.
1:29:43Same target ends up hitting. Right.
1:29:45>> Beautiful.
1:29:48Let's keep going quickly.
1:29:50>> You sure you're good for time?
1:29:51>> Yeah. No, we're good. We're good. We'll
1:29:52we'll blast in and because I just got to
1:29:54jump on like join a link, you know.
1:29:56>> Okay, cool.
1:29:56>> And then keep talking. [laughter]
1:29:58>> U
1:30:00so that was then the win uh for the
1:30:03shorts. And then here's the longs,
1:30:04right? And then these are the longs that
1:30:06we got to take all the way up to the
1:30:08fair value gap. Um and that was probably
1:30:10my last big big that was my last like
1:30:12big payout and stuff. And then after we
1:30:15hit that target, I kind of just took a
1:30:16step back.
1:30:17>> Nice.
1:30:17>> Because I was waiting for that target,
1:30:18as you can tell, for months on it.
1:30:19>> Yeah. Yeah. Yeah.
1:30:21>> Same thing though, really. Um, similar
1:30:24to that original trade we talked about,
1:30:25it had a really aggressive push. The
1:30:27liquidity, I didn't see price coming
1:30:29back below this low because there's
1:30:31nothing else. We've already swept
1:30:32liquidity to the left. We're bullish
1:30:34overall still. That target is still
1:30:35there.
1:30:36>> Um, as you can see here, this I class as
1:30:39my early buyers cuz this leg here, low
1:30:41to high, that was my protected low. if
1:30:43you will. That's why the stop loss is
1:30:45below. This classes my early buyers
1:30:47here. It got swept then execute stop
1:30:50loss below the low and then we're
1:30:51holding that. That one goes.
1:30:54This one I don't think I took which is
1:30:55why there's no risk-to-reward tool
1:30:56there. But again, exact same thesis.
1:30:59Early buyers liquidity swept. Uh we come
1:31:02down a lower time frame entry there.
1:31:04That's for we're on a 30-minut right
1:31:05now. So probably a fiveminute entry
1:31:06could was easily possible there.
1:31:09>> We continue on. This is one I took
1:31:11because the riskto-reward tool there. Um
1:31:13I don't I think I might have taken uh I
1:31:16think I might have closed this one a lot
1:31:17sooner rather than holding volume.
1:31:18Probably because of where the entry is
1:31:20uh or just took a lot more volume off.
1:31:22But similar thing. Uh this one didn't
1:31:24have the discount. However, as you can
1:31:26see, not a deep pullback,
1:31:28>> but we're just following momentum
1:31:29because you can see the momentum for
1:31:30both of these longs are very strong
1:31:33legs. No like chopping around like we've
1:31:35seen over here. Right.
1:31:36>> So sometimes you have to take
1:31:39I don't want to say gut feeling, but
1:31:41personality. We're momentum right now.
1:31:43Strong momentum. So again, um take out
1:31:46bringing in sellers through this lower
1:31:47low lower high price action. Early
1:31:49buyers just here. This is on 30 minutes
1:31:51still, but you can see we break this
1:31:52previous high. So early buyers swept
1:31:55impulse probably lower time frame entry
1:31:56right there. Stop loss below the low.
1:31:58And I ended up taking profit a bit more.
1:32:00Probably just where I don't even know
1:32:02what is to the left, but probably some
1:32:03sort of high. Um wherever we were just
1:32:06over here.
1:32:08We're here. Yeah. So is there any? Yeah,
1:32:11that previous high. Yeah, that's why
1:32:13>> uh I could see the momentum was still
1:32:14strong. So, I ended up getting one more
1:32:15trade which I then did hold into the
1:32:17fair value gap.
1:32:19>> I've gone to the five minute like a
1:32:20joker. So, now we have to scroll. So, I
1:32:22apologize.
1:32:28Don't know what that is. We'll come back
1:32:29to that. I messed up. I'm sorry, guys.
1:32:32[laughter]
1:32:33Too many trades.
1:32:35But if you notice, they're all on euro.
1:32:37So this is one reason why it was
1:32:38actually quite helpful only trading uh
1:32:41euro was that I was just so tapped in to
1:32:43the price movements and the
1:32:45characteristics.
1:32:46>> So similar again this one's obviously
1:32:48definitely outside of uh the usual strat
1:32:50>> but I'm just following momentum right
1:32:52we've broken this high we have not sold
1:32:54off at all you can see here if I try and
1:32:57bring price back
1:32:59>> to I don't know here
1:33:02>> and then go lower time frame now. Okay,
1:33:04that was smart. Um, but you can see like
1:33:08fair value gap, higher low, higher high.
1:33:10I literally just executed off that early
1:33:12buyers there. You can see as well
1:33:13executed off that stop loss below the
1:33:15structure
1:33:16>> and that allowed us to get the squeeze.
1:33:18Uh, but the squeeze was significant look
1:33:20because we got like a 1 to7 out of it.
1:33:22>> And I more than likely held a lot more
1:33:24volume because it was just the end of
1:33:26the move.
1:33:26>> Nice.
1:33:27>> Um, and that takes us to there.
1:33:30Now, um very brief, maybe some lessons
1:33:33here for us to quickly look at as we
1:33:36wrap up right now. Um is
1:33:39after that squeeze I did not trade.
1:33:42There's a good short opportunity here to
1:33:43get to the 50%. So this 50% level um
1:33:46that is on a bearish one. Why? Because
1:33:50uh we then broke structure, right? That
1:33:52was the previous leg.
1:33:53>> Um
1:33:55now I made a mistake here
1:33:58right here. They were great trades,
1:34:00great risk-to-rewards. As you can see,
1:34:01we achieved up to a 1 to1 11 there, 1 to
1:34:04nine there, and this one a 1 to 10, and
1:34:08I held too much volume and should have
1:34:10closed them. Why? Because we had made a
1:34:13new price range, and we needed to sell
1:34:15from the 50%.
1:34:16>> All right. And I was I was just holding
1:34:18too much. I got married to my bias of
1:34:20getting this liquidity to the left and
1:34:22getting to the 50% of the overall bigger
1:34:24move and that original monthly favor.
1:34:27>> Got you. So, they were great trades and
1:34:28I was up 10 I think I was up 20k and I
1:34:31was posting and everyone was like,
1:34:32"Yeah, you need to close blah blah
1:34:33blah." And I was like, "No." Because the
1:34:35one thing with swing trading is you have
1:34:36to have conviction to hold your trades
1:34:39to target.
1:34:40>> And sometimes you just forget a key
1:34:42piece of information like in this case,
1:34:43those trades I should have closed
1:34:45>> um or at least close more volume.
1:34:47>> Yeah.
1:34:47>> And I didn't because I was probably
1:34:49riding the high of all those wins on the
1:34:50up, right?
1:34:51>> Um and ended up just having break even
1:34:54for 20 grand. You know,
1:34:55>> this is like exactly as we discussed
1:34:57earlier. We're human, right? We're going
1:34:58to have these moments. It's inevitable
1:35:01as part of our journey.
1:35:02>> Yeah. But then look what happens. We
1:35:04sweep liquidity, get above the 50%, take
1:35:06out the the value gap there. We have
1:35:08early sellers. Great short. Great short.
1:35:11Great short. Anything on the way down,
1:35:13short. Now, what have we done today? As
1:35:16in uh the last two days, we've taken out
1:35:18the liquidity.
1:35:19>> But that's months. It's like bro this is
1:35:22this is
1:35:24two no free like if you think of it
1:35:26because that's trading days.
1:35:27>> Yeah. Yeah.
1:35:28>> That's three months.
1:35:29>> Yeah.
1:35:29>> But that would have equated to 100% like
1:35:3220 30 40 grand.
1:35:33>> Yeah.
1:35:33>> Right. On top of the 20 grand or let's
1:35:35say 10 if I taken the volume off
1:35:37correctly.
1:35:37>> Yeah.
1:35:37>> Right. Instead that happened and I just
1:35:40sat out now. I've just sat out because
1:35:41I'm like I've you know the launches and
1:35:43just so busy. I accept that. Um but that
1:35:46was the 140k. basically why I just went
1:35:47ran you through were the 140k in in
1:35:49payouts maybe a little bit more down
1:35:51like a few small payouts this way
1:35:53>> then there was one on gold uh which I'll
1:35:56maybe try and show you because I didn't
1:35:57trade I I kept saying I need to expand
1:35:59because I'm swing trading expand my uh
1:36:01my um uh pairs so I could have more
1:36:04opportunity and blah blah blah
1:36:06>> uh so I looked at gold right and luckily
1:36:08we had already sold off so structure-
1:36:10wise obviously bullish all the way
1:36:11overall but to get to like a 50% on this
1:36:14is way further down we' already
1:36:15aggressively sold off lower high, lower
1:36:17low. So then um we've reached 50% there.
1:36:21We swept liquidity here. We started to
1:36:22sell off targeting just this liquidity,
1:36:25right? This low to the left. Uh because
1:36:27there really wasn't much else. We're
1:36:29making lower lows, lower highs. And
1:36:30let's bring this.
1:36:34And this was actually a limit if I'm not
1:36:35mistaken. So we're going to take a look
1:36:37very quickly to finish off. So if you
1:36:39see here, low um this is our early
1:36:42sellers, if you will.
1:36:47There's nothing above this high. This is
1:36:48the structural high. I don't see price
1:36:50going above there. This is our order
1:36:52block. Here's some internal liquidity.
1:36:54Nothing significant. I set a limit.
1:36:56Price ended up hitting the limit. Um,
1:36:58and we came down, right?
1:37:00>> And there were more opportunities here
1:37:02like early sellers right there.
1:37:03>> Yeah. Yeah. Yeah.
1:37:04>> Right. And hit TP. If I'm not mistaken,
1:37:06I took a lot of volume off because I
1:37:07hadn't trade gold for so long. Um, and
1:37:10it's so volatile. And this was my first
1:37:12trade on it. my first and only trade on
1:37:14it since um I took a lot of volume off
1:37:16so even these pullbacks weren't too
1:37:17important but it hit target overall
1:37:19right and it sold off even some more but
1:37:21that was enough right and that trade was
1:37:22a 1 to3 and again screenshots everything
1:37:25there
1:37:25>> thank you guys I have to run to a live
1:37:28stream now but s been a pleasure
1:37:30hopefully it was understandable
1:37:31hopefully you take something from this
1:37:32the main thing really to take away isn't
1:37:34the strategy necessarily it might help
1:37:35you you might want to implement it um
1:37:37but mainly it's just the rules the
1:37:39layers you know taking a top down
1:37:41approach understanding where you are you
1:37:43saw some of my mistakes as well paying
1:37:45yourself key principles right I think
1:37:47the risk management is the the real
1:37:49winner in that
1:37:50>> yeah 100% 100% love it man guys and
1:37:53girls that is a wrap on another episode
1:37:56big shout out to RZ taken an immense
1:37:59amount of time to be able to give us a
1:38:01full masterass on his strategy liquidity
1:38:04structure framing the pain of early
1:38:07buyers and early sellers if you are
1:38:09someone that is still looking for your
1:38:11edge you need to look no further.
1:38:13Everything you need is in this video in
1:38:15and of itself. Thank you guys so much
1:38:17for tuning in. Drop a like on this
1:38:18video. Subscribe to the channel if you
1:38:20enjoyed this and I will see you guys in
1:38:22the next one. Take care. Welcome to the
1:38:24Propirm Trader YouTube channel, the
1:38:26number one channel in the world for
1:38:28funded traders. The best way to continue
1:38:30to support us is make sure that you're
1:38:32subscribed to the channel and you like
1:38:34this video. That's going to help us to
1:38:36continue to reach the best prop firm
1:38:37traders and best prop firms in the game.
1:38:40As well as this, we also have a free
1:38:42Discord through Chart Fanatics where we
1:38:44deliver endless amounts of education and
1:38:46value completely for free. On top of
1:38:48this, we have in-depth strategy
1:38:50breakdowns on the Chart Fanatics YouTube
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1:38:57not least, we have completely free
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1:39:01completely revolutionalize the space on
1:39:03Chart

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