Trading Course Day 10: How to Mark Up — Transcript

Full transcript

1. 0:00Yo, what's good chat? Today is trading
2. 0:03day 10. Um, today I'm going to break
3. 0:06down overall how to mark up your charts
4. 0:09and how to see the swing highs and swing
5. 0:11lows pretty easy. Um, how I do it. But
6. 0:15with that being said, I want to let you
7. 0:16guys know that I love you guys
8. 0:19completely. Thank you for the support.
9. 0:20Thank you for pushing ICC. um just
10. 0:23overall like spreading the knowledge and
11. 0:25spreading the positivity around the
12. 0:27trading community and you know weeding
13. 0:29out the course sellers, weeding out the
14. 0:30gurus, weeding out all the fake traders.
15. 0:33Um thank you so much for just being here
16. 0:35on the movement. Um once again I'll be
17. 0:38doing a tour in Europe. So if you live
18. 0:41in any type of European country, uh
19. 0:44comment where you live. Um, I'll be
20. 0:47going to like some of the big cities and
21. 0:49just overall providing um free events.
22. 0:52So, free Inerson events um for you to
23. 0:55ask me questions or you know, to be
24. 0:58honest, just utilize um my time whenever
25. 1:01I'm there. And of course, it's going to
26. 1:03be free. I don't need your money. Um
27. 1:05just overall, like I want to build my
28. 1:08audience and I want to build them
29. 1:09strong. Like I want us to have the
30. 1:12strongest community out of anybody, you
31. 1:15know, and and just like I don't know,
32. 1:18man. I'm g just keep my head down and
33. 1:19we're just gonna keep building. But um
34. 1:22all in all, I just want to let you guys
35. 1:23know. Oh, my light turned off. But I
36. 1:26just want to let you guys know thank you
37. 1:27once again for all the support, for all
38. 1:29the love. Every time you guys comment,
39. 1:32DM, whatever. I see some of them. I see
40. 1:34I don't see many, but I get to as many
41. 1:36as I can. And like I just appreciate the
42. 1:39support cuz I just want to see people
43. 1:41truly win. I just want to see people,
44. 1:44you know, just get to where they want to
45. 1:45be from trading because trading has
46. 1:47changed my life. So overall, I want
47. 1:49trading to change anybody that wants to
48. 1:51get into it and take it seriously. So
49. 1:53once again, much love. Um, but let's get
50. 1:56into the video. Make sure you guys like
51. 1:58and subscribe because it does help the
52. 2:00video to get pushed out more. But like,
53. 2:03subscribe, share it, whatever. and clip
54. 2:05it if you want to put it on. Yeah. Yo,
55. 2:08chat, don't hate me. Please don't hate
56. 2:11me. But I recorded this video four
57. 2:14times, bro. Four times.
58. 2:17And the OBS is just not working, bro.
59. 2:20So, it looks like I'm going have to pick
60. 2:21something else cuz my OBS is like not
61. 2:24letting me spit the sauce. So, with that
62. 2:27being said, the video I'm just going to
63. 2:30upload it. It's You can still understand
64. 2:33it. It's just a little bit laggy, a
65. 2:36little bit glitchy, but you can
66. 2:38understand it. But I'mma still post it
67. 2:40anyways. Um, thank you. I'mma fix it
68. 2:43next time for you guys.
69. 2:45I, you know, don't take too long on this
70. 2:48one because it's pretty easy. All in
71. 2:51all, let's just clear your charts. I
72. 2:53feel like everybody needs a fresh start
73. 2:55to kind of clear and clean their charts.
74. 2:58You don't need many levels to trade. You
75. 3:01don't need a lot of levels.
76. 3:03You don't. You, trust me, you don't. So,
77. 3:06I'll be seeing people mark every single
78. 3:08thing on the daily, the 4 hour, the 1
79. 3:10hour, all these different things. It's
80. 3:12just a mess. Your chart looks a mess.
81. 3:15All you need is the previous swing highs
82. 3:17and swing lows. So, the biggest thing
83. 3:19that I'm going to get into is you only
84. 3:21need one to three days or let's say
85. 3:23sessions cuz you might take it literally
86. 3:26and start marking up three days. Three
87. 3:28sessions,
88. 3:31right? only need three sessions. One to
89. 3:33three sessions. What does that mean? So,
90. 3:34you got a clear chart right now. All you
91. 3:37need to do right now, indicators, turn
92. 3:39on sessions. And then gold trades in
93. 3:42London and New York. So, turn this off.
94. 3:44And then look here. We have,
95. 3:48let's just use this.
96. 3:52We have one day, we have
97. 3:56two days,
98. 3:58three days or sessions. So, three
99. 4:00sessions. This is all we need. To be
100. 4:03honest, sometimes you don't even need
101. 4:04that many. But if you really want to
102. 4:06find where your swing highs and swing
103. 4:08lows are at, you're most likely going to
104. 4:10find it in the next three sessions. So,
105. 4:14with that being said, what we do from
106. 4:16here, I've already previously marked
107. 4:18this up. Um, this is what my chart
108. 4:20looked like a few minutes ago at 206. It
109. 4:24is currently 6:27. So 4 hours ago, this
110. 4:28is what my chart looked like. And then
111. 4:30New York session came in and then we got
112. 4:32that push and everything. But that is
113. 4:34what my chart had looked like. And the
114. 4:36reason why I marked this level is
115. 4:39because this is a level that I seen that
116. 4:41price came into after having that
117. 4:44bullish bullish push. Once it got to
118. 4:47this level specifically, it took a turn.
119. 4:51So things like that, I'm like, hm, if
120. 4:54price came all the way here, it was
121. 4:56really bullish. It could have kept
122. 4:58going, but when it got here, it stopped.
123. 5:01So that must means sellers are here.
124. 5:04Boom. Common sense, right? See? See?
125. 5:07Common sense. Common sense. So if price
126. 5:11gets here, that means sellers are here.
127. 5:14So now when price makes a new high, cuz
128. 5:16obviously this is a new high. Look at
129. 5:18all the stuff that it broke previously.
130. 5:20And we're not going all the way back
131. 5:22just to, you know, find a new high. We
132. 5:24can obviously see that price was slowly
133. 5:27breaking down onto a downtrend and then
134. 5:29it zapped out of nowhere, right?
135. 5:31Anyways,
136. 5:33with this being said, once price makes a
137. 5:35new high or a new low, in this case, a
138. 5:38new high, you need that level of support
139. 5:42cuz this level of support is what you're
140. 5:45going to play off of, right? So now that
141. 5:48we see it now, um, normally I don't mark
142. 5:51all this, but for you guys, I will mark
143. 5:54it. But this is the level that I chose.
144. 5:58The reason I chose this level is because
145. 6:00we can see price is going down. And the
146. 6:03reason why I didn't mark this one is
147. 6:04because price came back up. So I just
148. 6:06count this whole thing as a swing high.
149. 6:08You can see price came here, reacted,
150. 6:10tried to come back up, reacted again. So
151. 6:13I just count this whole thing as that
152. 6:15swing high. But anyways, the reason why
153. 6:17I marked this one,
154. 6:20and once again, I mark up my price
155. 6:22action on the one hour time frame, but
156. 6:26because you guys will literally only use
157. 6:28the 1 hour time frame, but you can do
158. 6:32the same thing on all time frames.
159. 6:37So once again, let me repeat myself
160. 6:39because for some reason y'all be like
161. 6:42asking me questions where y'all be like,
162. 6:44"Well, what do you do about the 15 or
163. 6:46what do you do about the five?" Or it's
164. 6:48literally you're everything you're
165. 6:49looking for on the higher time frame
166. 6:51you're you can you're looking for on the
167. 6:52lower time frame. Nothing changes. Just
168. 6:55because the time frame change doesn't
169. 6:56mean the price action or structure
170. 6:58change. market structure doesn't just
171. 7:02change the rules of it or it doesn't
172. 7:04change the fundamentals of it just
173. 7:06because you went down a different time
174. 7:07frame. So once again, the market
175. 7:09structure is still the same. Higher
176. 7:11highs, higher lows, higher highs, higher
177. 7:12lows, lower lows, lower highs, lower
178. 7:14lows, lower highs. Nothing changes.
179. 7:18So anyways,
180. 7:20the reason why I chose this one is
181. 7:22because we can see price came into this
182. 7:23level and we can see that price reacted.
183. 7:27It reacted a couple times for me to make
184. 7:29that decision, but it's okay because we
185. 7:31have a new high
186. 7:33and overall I'm just looking for price
187. 7:35to see if it's going to continue to, you
188. 7:37know, make new more or new highs or or
189. 7:40is it going to break down? Whatever the
190. 7:41case might be. In this case, we'll be in
191. 7:43a no trade zone. A no trade zone is when
192. 7:46you have a high and a low but no
193. 7:49indication. Write that down because you
194. 7:51might need that. So, let me go here.
195. 7:56Turn this down a little bit.
196. 7:59A oops.
197. 8:02A node
198. 8:04trade zone is when price
199. 8:09has a high and low with no indication.
200. 8:19Right?
201. 8:21So you have a swing high, swing low. If
202. 8:24you need help with your swing highs and
203. 8:26swing lows, pivot points high and low.
204. 8:29This will overall help you and guide you
205. 8:31into a decent direction. Do not solely
206. 8:34depend on the swing highs and swing
207. 8:36lows. Turn it on. See if you got your
208. 8:39swing highs and swing lows, right? Some
209. 8:40of some of the swing highs and swing
210. 8:42lows that price chooses, you know,
211. 8:45you're just going to have to play around
212. 8:46with them because overall, like I don't
213. 8:48use these, but some of the swing highs
214. 8:50that it marks out, they can be pretty
215. 8:52valid. But I just overall look at it's I
216. 8:55don't know. I'm I'm really strange when
217. 8:57I see some of the highs that are marked.
218. 8:59Like I I wouldn't mark that. I don't
219. 9:00think I would mark this. Uh yes, I
220. 9:02would. Uh okay, it's pretty accurate.
221. 9:06There's some times where this thing
222. 9:07don't be accurate, but it looks like
223. 9:09it's pretty accurate right now. Maybe
224. 9:11they updated or something. I don't know.
225. 9:13But sometimes this thing be kind of off.
226. 9:14It be marking some of everything on. But
227. 9:18anyways, uh turn that on. And you know,
228. 9:21just based off of what you see, mark up
229. 9:23your swing highs and swing lows, or even
230. 9:26test yourself. Mark up your swing highs
231. 9:28and lows and then turn it on and see if
232. 9:30you're right. Right? So, anyways, we are
233. 9:34now in a no trade zone. Boom. So, that
234. 9:38literally means no trading. Some of you
235. 9:41guys don't understand that. You don't
236. 9:43have the discipline to understand no
237. 9:45trade zone. So, we don't trade in this
238. 9:48zone, right?
239. 9:50We can drag this all the way through. So
240. 9:53in between this high and this low, we
241. 9:55never place a trade. So with that being
242. 9:59said, we have our first indication. What
243. 10:03is an indication? Once again, comment if
244. 10:06you want to or say it out loud in your
245. 10:08room, your your work office, whatever.
246. 10:10Scream it for all here. What is an
247. 10:13indication? A indication
248. 10:17is when price breaks
249. 10:22a swing high and say it with me, say it
250. 10:25with me. Or swing low.
251. 10:30Right? So indication is when price
252. 10:32breaks a swing high or a swing low.
253. 10:34Right? So
254. 10:37indication is not something we trade.
255. 10:41Don't trade the indication.
256. 10:48No, no, no, no, no, no, no, no, no, no,
257. 10:51no. Don't trade it. It's Don't
258. 10:54trade it. It's a breakout,
259. 10:57right?
260. 10:59So, boom. Don't trade the indication.
261. 11:01So, no, no, this is only simply giving
262. 11:04you evidence that price can go further
263. 11:06down
264. 11:08under this level
265. 11:10because remember the whole point of that
266. 11:13indication is to tell you that it can go
267. 11:14down because remember when we was in the
268. 11:17no trade zone, it didn't want to go down
269. 11:19anymore. Right here, it it didn't want
270. 11:22to go any further down, right? So, all
271. 11:24in this area, it didn't want to go down.
272. 11:27But then something here made price go
273. 11:29down.
274. 11:31So that shows that price can go down
275. 11:35and this was all Asian session. So
276. 11:38pretty much I didn't even you know I
277. 11:40wasn't worried about this but then we
278. 11:42had this strong bullish candle to the
279. 11:44upside this strong Drake candle to the
280. 11:46upside and it made a high. It made an
281. 11:50indication to the high and this is why
282. 11:52we trade ICC because if you would have
283. 11:54traded a book a breakout you would have
284. 11:55been You would have lost all
285. 11:57your money. Guinea would have been in my
286. 11:59DMs talking about side. Can I get $50?
287. 12:02No, you can't get no $50. Bro, you
288. 12:04should have never traed the indication.
289. 12:06So anyways,
290. 12:08now since we have an indication on both
291. 12:10sides, we just wait for price to have
292. 12:13some volume. So once again, I'm going to
293. 12:15turn this on. As you see here, London
294. 12:18session didn't move. It didn't come back
295. 12:20above our level. multiple multiple wicks
296. 12:22out wicks out. But honestly, like
297. 12:26literally in the beginning of London
298. 12:27session, it came and wicked all the way
299. 12:29down and then came up here and wicked
300. 12:31out. You should have known just like,
301. 12:32okay, maybe I should just wait, right?
302. 12:36So, even if we go here to the 15, this
303. 12:38is our entry level. We can obviously see
304. 12:40that price had no type of structure of
305. 12:43what it was going to do in the first
306. 12:45place, right?
307. 12:47Anyways,
308. 12:51back to the 1 hour. So, no trade zone.
309. 12:55We have an indication to the upside. We
310. 12:56have an indication to the downside.
311. 12:59We're going to go here and we're going
312. 13:00to look at London session. Didn't do
313. 13:02anything. But look at New York.
314. 13:07Since we have this indication, we know
315. 13:09anything above this level is going to be
316. 13:11bullish. New York session came above
317. 13:14this level, closed, gave us a close
318. 13:17above this level, and then the next
319. 13:19candle bullish. Right now, we're getting
320. 13:21rejections to the downside. We might get
321. 13:23another push. Um, let's see how that
322. 13:25turns out. But yeah, you see how I'm
323. 13:29able to and once again, I also placed
324. 13:32the trade
325. 13:33right around this level. I'mma play the
326. 13:35clip. Um, yeah, let's just play the
327. 13:37clip. Looking for price to go bullish
328. 13:40above this gray zone. As you can see, we
329. 13:42have a high. Price is holding above this
330. 13:44level of support. We got this push right
331. 13:47here. So, I'm looking for price to go
332. 13:48bullish. I'll put my stop loss under
333. 13:51this level right here.
334. 13:53So, 60K
335. 13:5660k stop on both. Scale out. See if I
336. 14:00can get it. Yeah, there we go. And then
337. 14:03look for this target right here.
338. 14:07I'll try to go up a little bit higher. I
339. 14:10really want to target here, but that
340. 14:11means my risk-to-reward is a little bit
341. 14:13bad, but I'll get the 130 for both.
342. 14:19And then let's say, let me see what I
343. 14:21can do here. Scale down to the 30. Yeah,
344. 14:23I'm going to try to scale in more. Boom.
345. 14:27But yeah, I traded price above this
346. 14:30level because I knew that price was
347. 14:31going to have that potential to be
348. 14:33bullish because we already have price
349. 14:36breaking above this swing high. We
350. 14:38already have that level of support that
351. 14:40price didn't want to go down. Oh, that
352. 14:41is another thing too. Matter of fact, I
353. 14:43can't even say this is a no trade zone.
354. 14:45Let me take this away. Right.
355. 14:48So, boom. We have that low and price
356. 14:50made that high. Remember how I said when
357. 14:52price makes a new high, it has to make
358. 14:54that level of support. Yeah, let me not
359. 14:57forget about that part. This level right
360. 14:59here happens to be a level that price no
361. 15:01longer wanted to go lower. So with this
362. 15:04being said, since we had a new high,
363. 15:07this became our next level of support
364. 15:11and trading above this level is where
365. 15:13price went bullish. So initially my stop
366. 15:16loss was right around this level right
367. 15:18here. Um to be honest, I didn't want to
368. 15:20go far far out because of the
369. 15:22risk-to-reward, but I had to take a bite
370. 15:25for it. You know, like the
371. 15:26risk-to-reward is a little bit off, but
372. 15:27I knew what the trend was on the 1 hour
373. 15:29time frame. So once again, this is a
374. 15:32level where buyers was like, "Hell no,
375. 15:35you can't come any lower than this. No,
376. 15:37no, no, no, no, no, sir. You cannot go
377. 15:39any lower than this." All right. And
378. 15:41then above here, we already know sellers
379. 15:43are like right here at this level,
380. 15:46pushing down. Price breaks above that
381. 15:49level and gives us that bullish push.
382. 15:53I'm not going to lie, bro. This video
383. 15:56should have clicked for you, bro. This
384. 15:58video should click for you. I ain't
385. 16:01going to lie. I just I just sauced you
386. 16:04up with the most sauciest thing you ever
387. 16:06might have with like I just sauced you
388. 16:08with the most sauciest thing you've ever
389. 16:10probably got sauced up with in your
390. 16:12life. Like I just like laced your boots
391. 16:15up and like you're ready to go hiking
392. 16:16now. Like
393. 16:18I don't even know what to tell you at
394. 16:20this point. Like gang, like like ICC
395. 16:23Mafia, like gang, I need y'all to work
396. 16:25with me here, bro.
397. 16:27I'm ready to go on vacay. I'm ready to
398. 16:29go on vacation, gang.
399. 16:32Why am I talking like that? But um yeah,
400. 16:35I hope today was clarification for you
401. 16:37guys' markups and stuff. I want you guys
402. 16:40to like make your charts look like mine.
403. 16:42I be seeing y'all post charts and y'all
404. 16:44y'all be ugly, bro. I can't read
405. 16:47anything. I don't understand anything.