Training The Eyes Ep. 11 | Inter Equity Trading — Transcript

Full transcript

1. 0:00What's going on guys? I hope everybody's
2. 0:01doing well. Welcome back to another
3. 0:03interquity trading video. Today we are
4. 0:06hopping right back into the fan favorite
5. 0:08series training the eyes. This is going
6. 0:10to be already episode number 11. Today
7. 0:13we're going to be hopping into Forex
8. 0:15pair AUDUSD
9. 0:18breaking down very clean price action.
10. 0:20But there's going to be a lot of lessons
11. 0:22in this one. So please pay attention. If
12. 0:24you guys do enjoy the series, please
13. 0:25leave a like, a comment down below, and
14. 0:27turn those noties on. We're gonna
15. 0:29continue rolling these videos out for
16. 0:30you guys. Hope you guys enjoy this one.
17. 0:36[music]
18. 0:37[bell]
19. 0:40All right, so we're on Aussie dollar on
20. 0:43the hourly time frame right now. Let's
21. 0:45zoom out actually a little bit so we can
22. 0:46get an idea of what's going on on the
23. 0:48higher time frames. Right away, what can
24. 0:50we see in kind of relevant slashcurren
25. 0:53PA here? I'll draw in this red box. Drag
26. 0:55it over. We can see that we've had a
27. 0:57clear buildup at the highs. What do I
28. 1:00mean by that? This red area, this level
29. 1:02that we've marked on, we can clearly
30. 1:05identify sellers have entered here and
31. 1:07pushed price to the downside. Very
32. 1:09important. As you guys can probably see
33. 1:11from previous videos, that tells us
34. 1:14there is reason, there is logic for us
35. 1:16to move back to the upside. So, he
36. 1:18plotted this blue line here around the
37. 1:20whole number of 0.67 67 and that's
38. 1:24basically identifying that we have
39. 1:27liquidity up at the highs. Hopping into
40. 1:29the hourly time frame, what can we see?
41. 1:31So, we've kind of opened up the 4 hour
42. 1:34here onto the the hourly chart and we
43. 1:37can see that we've had this sell-off.
44. 1:38Now, look what we've done to the left
45. 1:40hand side. We have ran a whole bunch of
46. 1:43liquidity. What do I mean by that? We
47. 1:46can all agree that if I even draw, you
48. 1:48can draw a trend line here, however you
49. 1:50want to identify it. Look at this. the
50. 1:52amount of buyers that were trying to
51. 1:54enter the market in these levels here.
52. 1:56Maybe that's in here or over here. And
53. 1:58if if I adjust this a bit, you can even
54. 2:00argue these lows here respecting this
55. 2:02area. So, nonetheless, we are building a
56. 2:04lot of liquidity at the lows here. In
57. 2:07other words, buyers buyers have stepped
58. 2:10in here, here, here. Right? Look at all
59. 2:14of these areas if I circle them for you.
60. 2:16Now, when the market sells off to take
61. 2:18out the buyers, remember now that's our
62. 2:20sign that we want to start looking for
63. 2:22longs. If we also analyze price action
64. 2:25on the opposite side, look at this.
65. 2:29All I have to do is draw this little
66. 2:30trend line on. We can all agree we are
67. 2:32actually building liquidity to the
68. 2:34upside as well, which is perfect. We
69. 2:35want to see that because now we're not
70. 2:37just buying because the lows are taken.
71. 2:40We're buying because yes, there's
72. 2:41liquidity taken at the lows, but now we
73. 2:42have reason for price to push back up to
74. 2:44the highs, right? There's liquidity
75. 2:46there for us. So, we target it. Opening
76. 2:48this price action up onto the 15minute
77. 2:51time frame. What can we see? Okay. Now,
78. 2:53if we were all looking at this PA in
79. 2:55live time, look, this was printed in
80. 2:57Asia session around 12:45 1:00 a.m.
81. 3:00Price went long, approached back at the
82. 3:02low, and we respected this low many
83. 3:05times. Look at this. This is a 15-minute
84. 3:07time frame down here once, twice, three
85. 3:11times, four times. And look at this move
86. 3:13that occurred at New York open. Big
87. 3:16bullish move to the upside leaving
88. 3:18liquidity at the lows. Okay, very very
89. 3:21important. And wow, would you look at
90. 3:24that? What a coincidence. We have a
91. 3:26liquidity block laying right below.
92. 3:29Remember what is a liquidity block for
93. 3:32us. It's essentially a level that we're
94. 3:33going to be placing our stop loss. In
95. 3:35this example, we're going to be placing
96. 3:37our stop loss below this low. Okay,
97. 3:39essentially predicting assuming that
98. 3:42there is no liquidity below this low.
99. 3:44So, we don't have reason to push below
100. 3:46this low. Look how price sells off down
101. 3:49to the low. And look at this. So, if you
102. 3:52didn't identify this, and this is going
103. 3:53to actually probably clear a lot of
104. 3:54issues up, but for a select few of
105. 3:57people watching this video right now, if
106. 3:58you didn't mark on this low, and maybe
107. 4:00you grabbed, I don't know, this low down
108. 4:03here, you're going to start getting
109. 4:04induced into this move. If you didn't
110. 4:07identify the liquidity properly, look at
111. 4:09the difference between marking this low
112. 4:11when you still have lows to the left and
113. 4:14then if you mark on this low. Would you
114. 4:16guys want to be a buyer below this one
115. 4:19or this one? And I hope everyone's
116. 4:21answer is below this low because you can
117. 4:23all agree if I even drag this red box on
118. 4:26it'll make more even more sense for you
119. 4:27guys. Look at that. You have buyers
120. 4:31stepping in this area and then you have
121. 4:33this low down here where they are going
122. 4:35to be placing their stop loss just like
123. 4:37this. So we want to be buying once all
124. 4:41the liquidity is taken. These lows
125. 4:43getting taken right here is not all the
126. 4:45liquidity taken. Okay. So if I play
127. 4:46price out
128. 4:50Look how price even screws around to
129. 4:52induce even more buyers. Check this out.
130. 4:54We mark on this high. Drag it over. That
131. 4:57is a BOS for retail, right? So, we can
132. 4:58mark that on here. Where are they going
133. 5:00to want to buy from? We have an area
134. 5:04here and also an area down at the low.
135. 5:07Okay. So, every single time we take out
136. 5:08another high, we are simply inducing
137. 5:10more buyers. But we know that we need to
138. 5:13wait for this low to get taken before we
139. 5:16want to enter the market. We have this
140. 5:17low marked out. We need to stay patient
141. 5:20and wait for the market to hunt for it.
142. 5:22Look how choppy it gets. And look at
143. 5:24this. This is something else you guys
144. 5:25need to be able to identify in live
145. 5:27time.
146. 5:29Liquidity building for us to buy into,
147. 5:32right? And then finally,
148. 5:34the low is taken. Boom. How do we enter?
149. 5:37Simp. We don't need the imbalance. We
150. 5:38don't need the exact bottom. None of
151. 5:40that stuff. We want to enter as soon as
152. 5:41the liquidity is taken, which is
153. 5:43basically this low from the lefth hand
154. 5:44side here. entry stop loss as you guys
155. 5:48know always below the low to the left
156. 5:50which is right here. Okay, so the stop
157. 5:52loss covers this low and now we can
158. 5:54simply start looking for targets. And if
159. 5:56you zoom out, I hope everyone sees what
160. 5:58I'm seeing here. Remember this high we
161. 6:00plotted on from the very beginning of
162. 6:02this video, 0.67 flat. This move again
163. 6:07from high to low gives us reason for
164. 6:09price to push back up to the upside. I
165. 6:11hope I hope you guys can all see what
166. 6:13I'm seeing here and agree that we can
167. 6:14target all the way back at the highs
168. 6:18just like that. Now, if you want to
169. 6:20partial on the way up due to some
170. 6:22comfortability, making sure you want to
171. 6:24secure some money, that's completely
172. 6:25fine. Do what you're comfortable doing.
173. 6:27So whether that's maybe partials, I
174. 6:29don't know, you can mark on internal
175. 6:31points, maybe this high over here, or
176. 6:33you want to mark on this external high
177. 6:34right here. That's completely fine.
178. 6:36Everyone is different. So if I'm
179. 6:38comfortable to hold full volume to full
180. 6:40target, maybe someone else isn't. So do
181. 6:43what you're comfortable with. Okay?
182. 6:44Manage the trade according to your own
183. 6:46comfortability. We are in Aussie here.
184. 6:49And again, remember stop loss always
185. 6:51below this low. This doesn't change.
186. 6:53Okay? We're only ever going to touch the
187. 6:54stop loss once the trade just starts
188. 6:56moving in the intended direction and
189. 6:58like a good bit as well, not just a
190. 6:59couple pips. Now, if I play this out,
191. 7:02boom. So now that we've moved up to the
192. 7:03upside, look, partial point hit for some
193. 7:05people. This is definitely like you want
194. 7:06to be risk- free. Okay, because you got
195. 7:08to think about it like this. Do you want
196. 7:10price all the way back down to your
197. 7:11entry and do you still want to be in
198. 7:13that trade? I hope the the answer is no
199. 7:15here. Cool. So, we're in profit here.
200. 7:17Full target is around a 1 to 11. These
201. 7:20kind of trades don't come around too
202. 7:21often. So, but when they do, you guys
203. 7:23need to be taking advantage of these.
204. 7:25And overall, we get that continuation
205. 7:28all the way back up to the high. So, you
206. 7:29have one partial hit if you wanted to
207. 7:31close something there. You have another
208. 7:32another one hit here. And then finally,
209. 7:35big coincidence, we have ran for the
210. 7:38full target back up at the highs where
211. 7:41sellers were entering from. Okay? And I
212. 7:43can even plot it like this to show you
213. 7:44guys. If they're entering positions up
214. 7:46here, where's their stop loss going to
215. 7:48be? Tucked right above the high. And
216. 7:49would you look at that? Our buy hunted
217. 7:52that liquidity perfectly. All right,
218. 7:54guys. If you enjoyed today's training
219. 7:56the eye episode, please leave a like and
220. 7:58a comment down below. We have many more
221. 8:01episodes on the way. Talk soon, guys.