Trading Course Day 4 – Entries — Transcript

Full transcript

1. 0:00All right, welcome YouTube. Welcome to
2. 0:02day four. Basically, today we're going
3. 0:05to go over the continuation. It is the
4. 0:08most important part to me. Um because
5. 0:11step one and step two are very important
6. 0:14because they correlate into three. You
7. 0:16need step one and step two first before
8. 0:18you can find three. So, the continuation
9. 0:21is basically when price after the
10. 0:24correction is over, you're waiting for
11. 0:26price to flip the trend and take it back
12. 0:28up. So you're basically looking for a
13. 0:30reversal using the higher time frame
14. 0:32levels but also using that 15-inut time
15. 0:35frame to break down or even 5 minute
16. 0:37time frame to break down when price is
17. 0:39actually reversing. So in best case
18. 0:42scenario to explain it, you're basically
19. 0:44using ICC inside of the trend that we're
20. 0:47looking for. And I'm going to explain
21. 0:49everything today. Um, just make sure if
22. 0:51you've been following this series on day
23. 0:53four, just make sure you guys subscribe
24. 0:55and like the video and also share it
25. 0:57with somebody that also wants to get
26. 0:58into trading and the most simple way as
27. 1:00possible and I'm going to deliver. So,
28. 1:03enough talking, get into the video.
29. 1:06Also, as well, if you want to see me um
30. 1:10call some of these plays live, then
31. 1:12click the link down below to get into
32. 1:13the chat. It is honestly free. So, yeah,
33. 1:16let's get into the video.
34. 1:18All right. So, now I'm upset. Um, I
35. 1:22recorded the first video and it was on
36. 1:26my face the whole time and didn't get to
37. 1:28see the charts. So, I explained
38. 1:29everything and yeah. Yeah, we didn't
39. 1:33catch it. So, now I got to reexplain and
40. 1:36that's okay. It's okay. But, um,
41. 1:39basically today is going to be going
42. 1:41over continuation. Continuation is my
43. 1:43entry model of how I get into trades.
44. 1:45I'm going to show you two trade setups
45. 1:47that I just took recently, how I got
46. 1:49into it, why I got into it. But first,
47. 1:51you have to remember step one and step
48. 1:53two. So, the indication and correction
49. 1:55are very, very important, right? So,
50. 1:59let's get into it. First of all, we're
51. 2:02going to go based off the 1 hour time
52. 2:04frame and we're going to look at our
53. 2:05levels. So, notice how price is going up
54. 2:09on this uptrend right here. So we have
55. 2:10this uptrend and we can see that price
56. 2:13is remaining structure keeping its highs
57. 2:17and lows intact. So we have our support
58. 2:20level here, support level here, support
59. 2:22level here until it gets broken. This is
60. 2:25where we start to understand that price
61. 2:29is changing trends. Remember if price is
62. 2:31on an uptrend, it should not break it
63. 2:33structure unless it's reversing.
64. 2:35And what the correction helps you is
65. 2:38from getting faked out on if price
66. 2:40because this could been been a liquidity
67. 2:42grab, but what the correction helps you
68. 2:45or what the continuation helps you do is
69. 2:47realize that you need that second move
70. 2:49down to confirm that price is on a
71. 2:51downtrend. And that's what we're going
72. 2:52to explain today. So, as we see this
73. 2:54uptrend, we see that price ends up
74. 2:57breaking that level and causing an
75. 2:59indication. We have a new low. So, we're
76. 3:01going to mark this as a new low. New
77. 3:04low.
78. 3:05And remember indications
79. 3:10will always
80. 3:15create a new high or new low. Right? So
81. 3:21indications will always create a new
82. 3:23high or new low. So you shouldn't be
83. 3:26confused on if price is, you know, on an
84. 3:29indication or not. You shouldn't be
85. 3:30confused if it's making an indication or
86. 3:32not. Is it a new high or is it a new
87. 3:34low? If it's not either one, it's not an
88. 3:35indication. And remember as well, when
89. 3:38it comes to finding these setups, you
90. 3:42don't have to go 30 years back because a
91. 3:44lot of people, they look at their charts
92. 3:45and it's like all of this. You don't
93. 3:47need all of this information. Just look
94. 3:49at the previous price action that's
95. 3:51going on. Can you find the high or low?
96. 3:53Most cases, you will be able to find the
97. 3:55high or low. So, here we have our high.
98. 3:57Here we have our support. So, here we
99. 3:59have our low. Right? Here we have our
100. 4:01low. Here's our high. Right? And we can
101. 4:04use this. We can even put this into the
102. 4:06equation if you want to. Right? So, put
103. 4:08this into the equation. And remember,
104. 4:10since we have that continuation on our
105. 4:12hands now in our in our strategy, since
106. 4:15we have that continuation, we're not
107. 4:17going to take these buys because it only
108. 4:19made the indication for us. It didn't
109. 4:21come back above that level a second
110. 4:23time. And you're gonna you're going to
111. 4:24see a lot that, you know, waiting for
112. 4:26that continuation above that level is
113. 4:29going to save you a lot. So once again,
114. 4:32remember
115. 4:34mark up your charts
116. 4:38on the 1 hour or higher, right? So
117. 4:43higher time frames only when it comes to
118. 4:45marking up these levels because they
119. 4:47hold really really strong. So let's
120. 4:49break down some entries, right? So as we
121. 4:52see here, we have this indication. It
122. 4:54creates a new low. Some of you guys are
123. 4:57probably asking if we go inside. So
124. 4:59let's go inside. Some of you guys are
125. 5:01probably asking like, "What do you think
126. 5:02about this?" Like, "These are new lows,
127. 5:05too. How come you're just only choosing
128. 5:06this one?" Okay, for example, we can use
129. 5:10these lows. It's still it still applies,
130. 5:12right? We have the indication, price
131. 5:14corrects, and then under this level, it
132. 5:16continues to sell, right? It continues
133. 5:18to sell, makes a new low off of it,
134. 5:20right? So, also as well, something I
135. 5:22want to explain. When price makes an
136. 5:24indication and does the correction, the
137. 5:26continuation normally if price is
138. 5:28trending in one direction is normally
139. 5:32the the continuation is normally going
140. 5:34to create a new indication. That's what
141. 5:36you want. You want price to continue to
142. 5:38repeat. So indication, correction,
143. 5:40continuation, repeat. That's what you
144. 5:43want the trend to do. So we can use that
145. 5:46for people that kind of want to show
146. 5:47want me to show them that. So now we
147. 5:49have a indication again. price corrects
148. 5:52and then we have another continuation
149. 5:54and then price makes a new indication
150. 5:56corrects and then we have another
151. 5:58continuation. Now since we're trading on
152. 6:01that lower time frame, so since this is
153. 6:03a basically a lower time frame trend
154. 6:05because on that 1 hour we don't see that
155. 6:08that 1 hour we just got that new low
156. 6:10after price made these two lower highs.
157. 6:11We got that new low, right? But after
158. 6:15that, notice how price starts to break
159. 6:19structure, right? And that's mostly
160. 6:20because the higher time frame is always
161. 6:22going to take back control and it's
162. 6:24going to be way stronger. But this new
163. 6:26low is made which caused this to grab as
164. 6:30much liquidity as possible. So normally
165. 6:32when price makes a new low or a new
166. 6:34high, it tries to grab out those
167. 6:36traders. So go back to um video one and
168. 6:39video two to understand where I'm coming
169. 6:41from. Actually video three should be the
170. 6:44one. Yeah, video three. Video three
171. 6:46should be the one talking about this.
172. 6:48But
173. 6:49this new low caused price to want to go
174. 6:52grab liquidity from all the people that
175. 6:54have their stop losses above this level.
176. 6:56Remember, this is our first time hitting
177. 6:58these levels, right? Don't go all the
178. 7:00way back and be like, "No, it's not.
179. 7:01It's not our first time hitting those
180. 7:02levels currently for current price. So,
181. 7:05since Thursday, Wednesday, this is our
182. 7:07first time hitting these levels. We're
183. 7:10not looking back in the past. We're
184. 7:11looking at what's what's happening this
185. 7:13week. What's happening currently? what's
186. 7:15happened in the past five days. So, kind
187. 7:17of use that for your basis. What
188. 7:18happened in the past five days? You can
189. 7:20even go I would say three to four days.
190. 7:23Three to four days is all you need to
191. 7:24look back, right? What happened in
192. 7:26between there, right? So, first time
193. 7:28hitting these levels. So, price is like,
194. 7:30okay, there's a lot of stop losses that
195. 7:32I can grab. They kind of got in on a
196. 7:35breakout. They don't know exactly where
197. 7:36price is going, but it's trending down
198. 7:38under this level, but they don't know
199. 7:40where it's trending to, right? So then
200. 7:42price is like, let me grab those stop
201. 7:44losses. Once it grabs those stop losses,
202. 7:46it wipes all these sellers out the
203. 7:48market. So this is their first time
204. 7:50being at these new lows. But us, we're
205. 7:53going to wait for the second time around
206. 7:54and I'm going to show you exactly how to
207. 7:56break it down so you can get an entry.
208. 7:58And also as well, I'mma post um my
209. 8:02entries. So I'm going to put both my
210. 8:04entries that I took on this trade and
211. 8:05the next one. I'm going to show y'all
212. 8:07both exactly how to get into it. So also
213. 8:11as well when it comes to trading the
214. 8:14indication correction and continuation
215. 8:16the indication you want to mark that up
216. 8:19using the 1 hour. So once again go back
217. 8:21to the videos but um fast forward if you
218. 8:24want to find an entry use the 15-minut
219. 8:27time frame or the or five minute TF
220. 8:32right time frame. So that's what TF
221. 8:34means time frame. So use those time
222. 8:37frames for entries and I'm going to show
223. 8:39you why. So as we see here, price goes
224. 8:42up on the correction. So we have our
225. 8:43indication.
226. 8:45So this whole move right here is the
227. 8:47indication based off that 1 hour time
228. 8:50frame indication, a new low. Indications
229. 8:52will always create a new high or a new
230. 8:54low. So now we have a new low. Price
231. 8:57goes up on a correction. A correction is
232. 8:59for grab and liquidity. A lot of people
233. 9:01ask, how do you know when the correction
234. 9:03is over? Well, this is hop, right? So,
235. 9:06what we're going to do is since we can't
236. 9:07see much here, but we can see price kind
237. 9:10of stalling. The reason why I'm choosing
238. 9:12this is because we can see here price
239. 9:14makes a little resistance and price is
240. 9:17starting to not go anywhere. So,
241. 9:19normally I would not mark the wick in
242. 9:21this situation because we're using a
243. 9:22smaller time frame. The 1 hour time
244. 9:24frame wouldn't show that wick right
245. 9:26here. It would just be the candle
246. 9:27itself. So, what I'm going to do is mark
247. 9:30that as my resistance. the wick right
248. 9:32here. I now have a resistance. I now
249. 9:35have sellers at this level pushing price
250. 9:38down. What I'm going to do is since I
251. 9:40can't really see too much, I'm going to
252. 9:42try to scale in one more time. See what
253. 9:43I see. So, now I see a little bit more
254. 9:46than what I seen before, right? So,
255. 9:48notice how price here is building up
256. 9:50this uptrend. Right? This is normally
257. 9:52what a correction is going to do, right?
258. 9:54So, now we have a higher high
259. 9:56and we have a higher low. Right? So now
260. 10:00what I'm going to do is note these.
261. 10:03Right? So for beginners, please note
262. 10:05these. Track your highs and track your
263. 10:07lows. So note these.
264. 10:10Boom.
265. 10:12Right? So now we see that price is
266. 10:14building higher highs, higher low,
267. 10:16higher high, higher low, higher high,
268. 10:17higher low. So back in video number one,
269. 10:20what did I say? If price breaks the
270. 10:22structure, then you should either not be
271. 10:25trading it and you should be watching
272. 10:26it. So don't trade when it's not
273. 10:28following the uptrend structure. So this
274. 10:31uptrend structure, I wouldn't say trade
275. 10:33it, but it is moving in one direction.
276. 10:36It's on an uptrend. So we know it's on
277. 10:37an uptrend. But then watch how price So
278. 10:42as you're tracking it, watch how price
279. 10:43here starts to develop a whole new a
280. 10:46whole new demeanor, a whole new setup,
281. 10:48right? So we're going to spread that one
282. 10:50across. And we have our high and now we
283. 10:53have our low. So, we can do the same one
284. 10:55to all of these two as well. Track your
285. 10:57high, track your low. As long as price
286. 10:59is continuing to break highs. So, if you
287. 11:01can see here,
288. 11:03one sec. If you can see here, price is
289. 11:06continuing to break highs. So, that's
290. 11:08how we know it's on an uptrend. It's
291. 11:09breaking highs, but it's not breaking
292. 11:11supports. So, then here, if we want
293. 11:14price to go higher, it should continue
294. 11:15to break highs, right? But here, it when
295. 11:19it was going back up to break its high,
296. 11:21it failed to do so. So now we have equal
297. 11:24highs right here. And equal highs is
298. 11:25normally telling you like price is not
299. 11:28trying to go any higher than this or why
300. 11:30did I put EQ,
301. 11:32right? Put eh equal high. Right? So this
302. 11:35is basically telling you price isn't
303. 11:37trying to go higher, but it's also
304. 11:39telling us it's not trying to go lower
305. 11:41because what did it give us right after
306. 11:42a higher low, right? So now we have a
307. 11:46higher low and then an equal high, but
308. 11:48price isn't going any higher. So now we
309. 11:50know, okay, I'm not supposed to trade
310. 11:52this yet because price hasn't fully is
311. 11:56is not wanting to go up. And if it's not
312. 11:58going go up, if it's not wanting to go
313. 12:00up and it's not wanting to go down, then
314. 12:02I shouldn't be trading it because it's
315. 12:03not trending. So even though we have
316. 12:06that equal high, it's not going higher,
317. 12:08we stay away from it. So then we
318. 12:10continue to mark our mark our charts
319. 12:12out, right? So now we have this higher
320. 12:14low. This is our new support since price
321. 12:16is
322. 12:19Yeah, I I got this right. I had to make
323. 12:20sure it was higher low. Yeah, higher
324. 12:22higher higher low. Yeah. Um this this
325. 12:25low is higher than the previous one. So
326. 12:27this is our now new support, right? So
327. 12:30now since this is our new support, we
328. 12:33can be like, okay, price shouldn't be
329. 12:35breaking up below here. So now it should
330. 12:38push and use that momentum to make a new
331. 12:41high. But what did it do? it made
332. 12:43another equal high. So now we're know
333. 12:45now we're like yo price is really not
334. 12:47trying to go up. So if it would have
335. 12:50maintained in this level and then pushed
336. 12:52up that still would have been good. But
337. 12:53what did it do this time? Price ended up
338. 12:55breaking that level of support and
339. 12:58making a low. So now this is our
340. 13:00indication rightation.
341. 13:05Sorry if I spelled that wrong. So now we
342. 13:06have an indication right here. I'm not
343. 13:08going to keep this for too long because
344. 13:09it's it's pretty big. But now we have an
345. 13:11indication because now price is telling
346. 13:13us, hey, under this level, I have a
347. 13:16potential to sell under this level. I
348. 13:18I'm bearish under this level. I'm trying
349. 13:20to be sold under this level. There's not
350. 13:22enough buyers to keep me holding up.
351. 13:24That's the best way to explain it,
352. 13:26right? Price is holding up. So even
353. 13:28here, right
354. 13:30here, buyers are here holding. Buyers
355. 13:33are here holding price up. So it's not
356. 13:35letting it break levels of support.
357. 13:37Price can come back and retest this
358. 13:39level if it want to, but buyers should
359. 13:42not let this break through, right? Same
360. 13:44way with higher time frames. It's just
361. 13:46way stronger, right? So, here price says
362. 13:49buyers are holding price up as much as
363. 13:51they can, but if they lose strength,
364. 13:54sellers are going to take control. So,
365. 13:55sellers are saying like, "Yo, we have we
366. 13:58got some power to break out of here."
367. 13:59Just it's teasing. It's teasing you,
368. 14:01telling you like, "Yo, we have potential
369. 14:03to break under here." So we they're
370. 14:06letting you know in advance under here
371. 14:08we we got control under here right
372. 14:11because buyers are getting weak. So we
373. 14:12got control under here. That's what an
374. 14:13indication is. So then after this
375. 14:16indication we have a correction in the
376. 14:18market which normally grabs liquidity.
377. 14:20But what this helps us with is back on.
378. 14:24So once again go watch video number one.
379. 14:26The fundamentals are very important.
380. 14:28Since we have equal highs now, right now
381. 14:32this gives us a lower this gives us a
382. 14:36lower high. And remember back on video
383. 14:39number one, if price is giving a lower
384. 14:41low, so so this low is lower than the
385. 14:44previous one, right? This one was high
386. 14:46than the previous one, but now this low
387. 14:49right here, this I mean this low right
388. 14:52here is lower than this one. So now we
389. 14:54have a lower low and a lower high. So
390. 14:56this is now telling us, okay, perfect.
391. 15:00Price is starting to build that trend,
392. 15:02right? So what we can do in this
393. 15:04situation, I'm not going to nickpick to
394. 15:05the perfect position, but under this
395. 15:08level, we can sell under this level with
396. 15:10our stop loss above this previous level.
397. 15:14Now, what some people would do is since
398. 15:17we're selling under this level, we're
399. 15:18supposed to target this due to IT IC
400. 15:21ICC, right? So under this level, we're
401. 15:24supposed to have like this. But what
402. 15:25people fail to remember is don't go off
403. 15:28that fiveinut structure. Go off the
404. 15:31higher time frame. We're looking for
405. 15:34price to reverse on the five minute time
406. 15:36frame because the 1 hour has a new low
407. 15:39and we're waiting for the 1 hour to stop
408. 15:42correcting. But in order to do that, we
409. 15:44have to dig deeper inside of the trend.
410. 15:46So we have to dig deeper inside of the 1
411. 15:48hour to see what's going on. It's the
412. 15:51same way with like being a doctor, being
413. 15:52a surgeon. You need to go deeper into
414. 15:55somebody's body in order to see what's
415. 15:57really going on. So, if somebody says
416. 15:59they have a headache, what does the
417. 16:01doctor normally do? They're like, "Okay,
418. 16:03we have to probably do an X-ray or
419. 16:05something." They have to go inside to
420. 16:07get more information about your
421. 16:09headache. Cuz outside it will show
422. 16:12outside it will show, okay, he's saying
423. 16:14he has a headache, but now we have to go
424. 16:17inside to see what's really causing the
425. 16:20headache, right? So it's the same thing
426. 16:22um with trading as well. So price will
427. 16:24show you hey I'm going on this downtrend
428. 16:27but then you have to go deeper inside to
429. 16:30understand is it going to continue or is
430. 16:33it not. So you you really got to you
431. 16:35know put that hand to hand. So anyways
432. 16:38with this you need to use that one hour
433. 16:41level. So that new low which is down
434. 16:44here off the one hour. So you would
435. 16:45scale back out once you start seeing the
436. 16:47the confirmations that price is getting
437. 16:49ready to sell again on that five minute
438. 16:52or 15 minute time frame. You can do the
439. 16:54same thing on the 15. The only reason we
440. 16:56didn't do it on the 15 is because the
441. 16:58five minute looked 10 times better,
442. 17:00right? So then what you would do is see,
443. 17:03hey, I got my entry level. Where's my
444. 17:06TP? My TP is going to be that 1 hour
445. 17:08level that we caused that new low
446. 17:10because that's where the indication is
447. 17:12going to be at or that's where the
448. 17:14indication ended at and that correction
449. 17:16and now we have the continuation. Now
450. 17:18what I always tell people is you can
451. 17:21this is this is pretty pretty brand new
452. 17:23for some people right but what I always
453. 17:26tell people is for the better entry for
454. 17:28a more safer entry for you what you need
455. 17:30to do is enter under that one hour level
456. 17:34because this level is stronger and has
457. 17:36more me more momentum because that's
458. 17:38what caused this trend this is what
459. 17:40caused this new low in the first place.
460. 17:42So notice how when price got to this
461. 17:44level, that one hour level, it was way a
462. 17:47way stronger push here, right? Way
463. 17:50stronger push when it was under here.
464. 17:52When it was above here, it was like, eh,
465. 17:55yeah, it was kind of playing around, but
466. 17:56as soon as it got under this level, it
467. 17:58started having reactions. It started
468. 18:00having those bearish reactions, way
469. 18:02stronger, right? So what you can do is
470. 18:06the same thing. Price is under that 1
471. 18:08hour level. You already have your lower
472. 18:10high here too as well under that 1 hour
473. 18:12level and all you're looking for is
474. 18:14price to push under this level. You
475. 18:16don't have to really wait for that
476. 18:17candle close. As long as you have
477. 18:19everything back behind you, there's no
478. 18:21reason why you should be getting faked
479. 18:23out or anything. You waited for your
480. 18:25second time around. Price is showing you
481. 18:26it's getting bearish. You have all the
482. 18:28confirmations to show you that price is
483. 18:31going lower. So, we have more lower
484. 18:33highs. So, once again, a lower high
485. 18:35here. Let me copy it. There we go. Lower
486. 18:38high here. More lows being made and then
487. 18:42another lower high here. So over Okay,
488. 18:46it won't let me just grab this. All
489. 18:48right, that and then we have overall
490. 18:50price showing us it's getting lower even
491. 18:52under that level of support too as well.
492. 18:54Right, so that is the one level. So
493. 18:58remember as well when you're trading
494. 18:59this way too as well, you're normally
495. 19:01going to trade trends off that higher
496. 19:03time frame. So overall be bearishness is
497. 19:06what is causing the trend because
498. 19:08remember if you want to draw a little
499. 19:09trend line too if you want this uptrend
500. 19:12is now over. We had the characteristics
501. 19:15to show us now it's over. So now we're
502. 19:17trading based off the trend and this is
503. 19:19where you as a trader start to make
504. 19:21decisions if you want to hold longer if
505. 19:23price is showing that it's going to
506. 19:25continue. Right? So now we have a new
507. 19:26low. So what this causes is a new low
508. 19:28and no you're not going to get off at
509. 19:30the perfect time but just look at those
510. 19:32characteristics. So, as this happens, as
511. 19:35this drop happens, watch this, right?
512. 19:37You would once again scale back in to
513. 19:40see more information. The five, the
514. 19:4215-inut was showing a little bit, but
515. 19:44the five minute kind of shows better,
516. 19:45right? So, now look at this, right? Our
517. 19:48normal TP would have been this level,
518. 19:50this new low, right? But since price
519. 19:52surpassed it, we actually got way more
520. 19:54out of it. And price is still going
521. 19:56down. Price is still building structure
522. 19:58down, and it's still going down. But
523. 19:59watch this, right? So boom, we have
524. 20:02price here make a support level. So here
525. 20:05we have a support level and then here we
526. 20:08have a high level, right? So we're
527. 20:10already past our TP, right? So
528. 20:12everything from here is how we how how
529. 20:14we treat it, right? How we treat it. So
530. 20:17we have our high, we have our low. Price
531. 20:19is still kind of equal high here. We
532. 20:21have an equal high here. And then price
533. 20:23ends up building a lower high. So now we
534. 20:26have a lower high. So now we have our
535. 20:28second lower high. So that means
536. 20:30anything that breaks above here will
537. 20:32start an uptrend because price should
538. 20:34not break a lower high if it's trying to
539. 20:36go down. So if price is trying to go
540. 20:38down, it shouldn't break these levels.
541. 20:40So once again, go back and watch video
542. 20:42number one. Price should not break its
543. 20:45structure unless it is reversing. What
544. 20:49we start to see here is price makes that
545. 20:51lower high and then it also makes a
546. 20:54higher support. This is what we don't
547. 20:56want to see. So now we don't want to see
548. 20:58price make higher supports. So then we
549. 21:00can either exit the trade here.
550. 21:04We can exit the trade here
551. 21:08and be like, okay, that was our trade.
552. 21:10You can go based off that and we'll wait
553. 21:13for our next setup. So notice how price
554. 21:15starts to build this uptrend. Like I
555. 21:17said, if price breaks above here, it's
556. 21:18going to start that uptrend and we start
557. 21:20to see here. But then notice this,
558. 21:22right? So, this is what I explained in
559. 21:24the the first time I explained it, but
560. 21:27the video wasn't recording. Let me make
561. 21:29sure I'm recording this time. Yep. You
562. 21:31can see me. Yep. Yep. Yep.
563. 21:34So, watch this. Right. People will say
564. 21:38this, right? Um, we have price building
565. 21:41up, building up, hasn't broken a
566. 21:43structure, um, testing, retesting
567. 21:45supports, and then we have this right
568. 21:47here, right? So we we have the support
569. 21:50here makes a new high corrects and then
570. 21:52price starts to maintain this level
571. 21:54right here. So it doesn't go any higher.
572. 21:56So then you would have drawn your
573. 21:58support and res or your high and your
574. 22:00low.
575. 22:02Excuse me. You would have drawn your
576. 22:04higher and your low and you would have
577. 22:05been like okay sigh it broke to the
578. 22:07downside and gave me an indication. What
579. 22:09did I say? Right? You're not supposed to
580. 22:11because some people would have just sold
581. 22:12based off oh s you sell. If it's under a
582. 22:14level of support you're supposed to sell
583. 22:16or whatever the case might be. But
584. 22:18remember, your first two steps will save
585. 22:20you from getting into fake out trades,
586. 22:22right? It will save you from getting
587. 22:25into fake out trades. This is price grab
588. 22:27and liquidity. So now it costs sellers
589. 22:30to get into the market just to wipe them
590. 22:32out, right? And then remember again,
591. 22:34right? Boom. Here we have a indication
592. 22:39above this level. And I'm not saying
593. 22:40take this trade, but I'm just saying
594. 22:42how, you know, that second time around
595. 22:44will most likely save you and get you
596. 22:46into a better trade and instead of
597. 22:48trading that breakout, right? I told you
598. 22:50throughout this whole course, I'm going
599. 22:51to show you examples of where every step
600. 22:54is going to save you from something. So
601. 22:56now we have an indication above this
602. 22:58swing high, above this level, it makes a
603. 23:01new high. So our indication price
604. 23:03corrects. What is a correction?
605. 23:05corrections happen to grab all the
606. 23:07breakout traders and grab liquidity from
607. 23:10those people and then continue later on.
608. 23:12So now we have price grabbing liquidity
609. 23:14tries to break that structure to confuse
610. 23:16people to grab all liquidity as possible
611. 23:19and then continues back above this level
612. 23:22which you could have traded off of back
613. 23:24above this level and targeting that
614. 23:26high. So targeting where the indication
615. 23:28came from, right? You could have did
616. 23:30that. Not saying I did that, but I'm
617. 23:32just saying you you see how ICC plays a
618. 23:34part. So now overall, we're looking for
619. 23:38those sells and we're waiting for price
620. 23:40to change trends. Right here, we don't
621. 23:42see price um trend down and we continue
622. 23:45to follow this uptrend and then price
623. 23:47gets to a certain point where it makes a
624. 23:50high. So now we have a high here and
625. 23:53then where's our support? So our support
626. 23:55is what caused this high, right? So,
627. 23:58what caused this high and then our high
628. 24:00and then you start to see price break
629. 24:02under once. This doesn't mean we sell
630. 24:04yet. Just because we're looking for
631. 24:06sales and price broke down once doesn't
632. 24:07mean we sell. What confirms it is once
633. 24:11we have our high, we have now a new low.
634. 24:15So, our indication, you see price
635. 24:17correct, make a lower high. So, this
636. 24:21shows us price doesn't want to go higher
637. 24:23than the previous one. So now we have
638. 24:25our indication, our correction and price
639. 24:27continues to go back under this level.
640. 24:30And what we can do is once again target
641. 24:33here or put our entry here under this
642. 24:36level. So we're selling when price gets
643. 24:38under this level and then we can put our
644. 24:39stop loss either here or you can put
645. 24:41your stop loss back above the level that
646. 24:43was created. Most of the times you want
647. 24:45to use this one because you're overall
648. 24:47need some room for your trade anyways,
649. 24:49especially trading NASDAQ. And then what
650. 24:51are you going to do? you're going to
651. 24:52scale back out to that 1 hour time frame
652. 24:54and you're going to target where the
653. 24:57whole indication started in the first
654. 24:58place, which is this new low. And then
655. 25:02overall, once again, I'm going to put my
656. 25:04trades back up here and show you that
657. 25:06I've taken these trades. And overall,
658. 25:09you can see how I enter. So overall,
659. 25:11you'll be looking for this as well. And
660. 25:14that is the continuation. That's the
661. 25:16entry model that I use. Um, it works
662. 25:19efficiently as you can see. And yeah, if
663. 25:23you have any questions,
664. 25:25let me know. Comment down below. I can't
665. 25:27help you if you don't comment.