Training The Eyes Ep. 4 | Inter Equity Trading — Transcript

Full transcript

1. 0:00What's going on, guys? Welcome back to
2. 0:02another Interquity video. Today, we're
3. 0:04going to be continuing that series you
4. 0:06guys all love, training the eyes. This
5. 0:09is going to be episode 4. Today, we're
6. 0:11going to be covering a little bit of
7. 0:12price action on NQ again, training that
8. 0:15eye to see these concepts in live time.
9. 0:18Let's hop right into it.
10. 0:20[Music]
11. 0:22All right, guys. So, we are on NQ on the
12. 0:2515-minute chart. I have current I'm on
13. 0:27the replay tool right now. Okay, a
14. 0:29reason being is I just again I want to
15. 0:31emulate live time as much as possible.
16. 0:33So showing you guys what I see in this
17. 0:35current moment and then playing out
18. 0:38price slowly and then we'll continue
19. 0:40marking the chart up as price unfolds in
20. 0:43front of us. Okay, so right now we are
21. 0:45on the 15-minut time frame. It is I have
22. 0:48price rewinded to around 8:00 a.m. So
23. 0:51just about New York open, not stock
24. 0:52open, but New York open. Now let's mark
25. 0:54up this chart in front of us. Kind of
26. 0:56build that narrative. So, what can I see
27. 0:58right away? On Wednesday in New York
28. 1:00session, we grabbed these highs. Okay,
29. 1:01you can see we have imbalances above,
30. 1:03but we grab these highs and then move
31. 1:05away. So, why is that important? This
32. 1:08now tells me that we're starting to
33. 1:10build liquidity at these highs. Okay, so
34. 1:13if I drag this all over and again, we'll
35. 1:16we'll we'll tap into some more current
36. 1:18price action in a moment here, but
37. 1:19talking about this high here. So again,
38. 1:21taking out these highs, tapping into
39. 1:23these imbalances on the left hand side,
40. 1:26and then selling off to the downside.
41. 1:28Okay, clearing some internal lows here.
42. 1:31After that, we go back long. Okay, why?
43. 1:34We're now going to have liquidity above
44. 1:36this high. This is where sellers are
45. 1:37going to be tucking their stop losses.
46. 1:39Okay, so look how price runs for that
47. 1:41high. Something that's important that we
48. 1:44need to touch on here is since we have
49. 1:45now starting we're starting to build
50. 1:47liquidity at this high. And when I when
51. 1:49I mean this high, I mean this one right
52. 1:50here at 23552.
53. 1:53Okay, look at this. Once,
54. 1:57two times, and now three times on this
55. 2:00current day, we have now tapped into
56. 2:02this area. We've been respecting it over
57. 2:04and over and over. So now just think
58. 2:05about it from that retail perspective.
59. 2:07Okay, the amount of liquidity that's
60. 2:10being built and engineered above that
61. 2:12high. Okay, coming into today's price
62. 2:15action. Okay, we're going to hop into
63. 2:17the five minute now so we can look at
64. 2:19more of an intraday perspective. Same
65. 2:20thing occurs just like what happened
66. 2:22over here. We took out this high, but
67. 2:24look what we left from the lefth hand
68. 2:25side. Okay, still leaving that high from
69. 2:29the left 23552. We have to keep an eye
70. 2:31on that. Okay, now
71. 2:34um again timing wise it's 8:15 and just
72. 2:36because I remember um we did have 8:30
73. 2:40um news event. So let's mark that on
74. 2:43actually for you guys. So 8:30 and then
75. 2:45we'll also put on stock open. Okay, so
76. 2:48again 8:30 is a fundamental news event.
77. 2:509:30 being stock open. Okay, both
78. 2:52relevant times for us. Both important
79. 2:54times for us. So we'll drag that over,
80. 2:57clean this chart up a little bit. Now
81. 2:58looking at more current price action,
82. 2:59what can I see? One thing I want to
83. 3:01point out is right at London open. Okay,
84. 3:03literally right at London open, 3:00
85. 3:05a.m. price builds all this liquidity
86. 3:07pre-London open and then right at London
87. 3:09open, stabs below, grabs that liquidity.
88. 3:12anybody buying trapped. Okay, then we go
89. 3:15long. All right, now something very
90. 3:17important I want to point out here is I
91. 3:19can actually even open this up on the 1
92. 3:20minute to show you guys. But again, we
93. 3:23want to train this eye to see this over
94. 3:25and over and over. What do I see? A run
95. 3:26on liquidity at London open and then
96. 3:28right away look how we built all this
97. 3:30liquidity
98. 3:32from all of these lows. Look at this. If
99. 3:34I drag this all the way over, you can
100. 3:35see how lows respected lows here and
101. 3:37then here and then here and then just
102. 3:40continued up and up and up and up
103. 3:41building all of that liquid at the lows.
104. 3:44Simple simple thing here is grab this
105. 3:47low.
106. 3:48Okay? And now ideally we do not want to
107. 3:51be buying unless this low gets taken
108. 3:54out. Okay? Because then when that low
109. 3:56gets taken out, we now understand that
110. 3:59we've ran a form of liquidity, right?
111. 4:01We've taken um buyers liquidity. Now
112. 4:04looking at more relevant, more current
113. 4:06PA here on the 1 minute time frame. What
114. 4:08can we see? So going into New York open
115. 4:107:30 here. Finally trading around New
116. 4:13York open 7:55 a.m. we go long. Okay.
117. 4:16What do we go long from? Absolutely
118. 4:19nothing. Okay. If I can just mark this
119. 4:21random area out. But this is all
120. 4:22liquidity, right? So what does this tell
121. 4:24me? Any longs in this area should be a
122. 4:28false reaction. Okay. Okay. And look
123. 4:30what happens. We take out this high and
124. 4:32then we take out these highs as well. We
125. 4:34can mark this on just like this.
126. 4:38Perfect. Now, think about the importance
127. 4:40of this bullish move we've had from A to
128. 4:44B. This induces buyers, right? People
129. 4:47thinking that this is a momentum switch,
130. 4:49a break of structure. There's going to
131. 4:51be buyers looking to get positions down
132. 4:53at the low. And again, I understand
133. 4:54that. want to understand that because I
134. 4:56I like to anticipate and expect these
135. 4:58moves to occur instead of them happening
136. 5:00right in front of my face and I'm
137. 5:01shocked. I'm surprised. Right? So again,
138. 5:03I'm anticipating I'm expecting false
139. 5:05reactions in this area. All right? And
140. 5:08now if we get this run below these lows,
141. 5:12okay, look what price has slowly been
142. 5:14doing this whole time as well. Right? If
143. 5:16I draw this, what has it been doing?
144. 5:18It's been engineering liquidity at the
145. 5:20highs for us. And don't forget we have
146. 5:22this high. We we've left on the left
147. 5:2423552. Do not forget about that high. So
148. 5:27again, look what time it is right at a
149. 5:29news event. I will never and those who
150. 5:31are in my my community and on the live
151. 5:33calls know that I will never take a
152. 5:35position before a news event. I'm always
153. 5:37going to wait for the news event to
154. 5:39occur and then capitalize afterwards.
155. 5:41Okay? Cuz typically what happens before
156. 5:43these news events is we build liquidity.
157. 5:45And big surprise, look at this. We're
158. 5:47building liquidity. news event occurs.
159. 5:49We get a sell off to the downside
160. 5:59and struggle a little bit at the low.
161. 6:01Finally, we take it. Now, as soon as we
162. 6:04took the low, this is now where my buy
163. 6:06entry is. I'm taking buys anywhere below
164. 6:08this low cuz look at this massive
165. 6:09imbalance we have. Okay, the thing is I
166. 6:12don't need the bottom. Sure, price can
167. 6:14come down and tap this candle, fill at
168. 6:15the very bottom, or it can come to this
169. 6:17one minute imbalance. That's fine.
170. 6:18However, I do not need the bottom. I
171. 6:21understand that price can go long
172. 6:23anywhere in this area here. Essentially,
173. 6:25anywhere below this black line, the
174. 6:26liquidity. Okay, so that's why I'm
175. 6:28entering there and my stop loss remains
176. 6:30in in a safe spot here. So, I'm going to
177. 6:32tuck my stop loss below this low, just
178. 6:34like this. Okay, now what can I target?
179. 6:38Couple different targets in mind. first
180. 6:40target always needs to be the structural
181. 6:42high here. Why? Because this is now
182. 6:45where seller liquidity is going to be.
183. 6:47Okay? So, what tends to happen is
184. 6:49sometimes if we come back lower then
185. 6:51maybe we go long. Okay? Does not mean
186. 6:54we're going to sell all the way back
187. 6:55down. However, we understand and we
188. 6:57understand that there can be reactions
189. 6:59because there's liquidity above this
190. 7:01high. So, pullbacks can occur, okay? And
191. 7:04then maybe you have that continuation or
192. 7:05sometimes we'll just a pullback will
193. 7:06occur and then we just go bearish. Okay.
194. 7:09However, I want to be able to take
195. 7:11advantage of taking profits above this
196. 7:13high, paying myself above this high
197. 7:15because again, I understand that there
198. 7:17could be bearish reactions in the
199. 7:19market. Okay. Now, at this current
200. 7:21moment, it is 850. When I took this
201. 7:24entry, I understood that my stop needed
202. 7:27to stay below this low and we still had
203. 7:29stock open in about 30 minutes. So,
204. 7:31price could kind of screw around for the
205. 7:33next 30 minutes and and be slow, be
206. 7:35sluggish. And that's exactly what we
207. 7:36did. Look at this. So now we're
208. 7:38approaching New York or stock open.
209. 7:40Sorry. You can see right at stock open.
210. 7:43If I zoom in
211. 7:45again, same thing occurs on the M1 over
212. 7:48here. We take out highs. It induces
213. 7:50buyers. Then price comes back down and
214. 7:52stabs that low out once more. And in
215. 7:55this scenario, it actually fills that M1
216. 7:58imbalance here. Okay? So sure, you could
217. 8:00have waited for that extreme and that
218. 8:01would have worked out for you. However,
219. 8:03something I just want to tell you guys
220. 8:04is it's not always going to occur. Okay?
221. 8:06Okay. So, my best advice for you is this
222. 8:08is going to be the better entry here.
223. 8:10Okay? I want you guys to be taking these
224. 8:12kind of entries, not this, cuz you're
225. 8:14going to be missing a lot of trades. And
226. 8:16again, you don't need the bottom. You
227. 8:18need the correct direction. That's what
228. 8:19pays the profits. What am I going to be
229. 8:21targeting? Again, train these eyes to
230. 8:23see this. While this whole setup was
231. 8:25forming, while this whole buy setup was
232. 8:28forming, price engineered liquidity to
233. 8:31the upside for us. Okay, sellers entered
234. 8:34here, sellers entered here and over
235. 8:36here. Okay, so you have multiple
236. 8:38targets. I'm not going to just target
237. 8:40something over here or something over
238. 8:41here because that's not big enough for
239. 8:42myself. I understand I'm going to be
240. 8:44targeting this structural point. Okay,
241. 8:46and then if I want to hold any partials,
242. 8:48again, I would target that high on the
243. 8:49left hand side, okay? because that's
244. 8:50where that final liquidity point for me
245. 8:52is going to be on more of the higher
246. 8:53time frame perspective.
247. 8:56Okay, now if I play this out actually
248. 8:58happened played out relatively quick,
249. 9:00but there you go. Full target met just
250. 9:02over a 1 to three. And as soon as stock
251. 9:04open was announced, look at this. Four 1
252. 9:06minute candles straight to target. Okay,
253. 9:09now I actually took this trade myself
254. 9:12live. Um, now I want to cover something
255. 9:14though and this is something everyone
256. 9:16screws up on. Look how we've now taken
257. 9:17out this high again. Same thing applies
258. 9:21that we've been talking about this whole
259. 9:22time. Buyers induce. This is going to be
260. 9:24a trap. We do not want to be buying from
261. 9:27that. Also, look at this. Lots of
262. 9:30liquidity at the lows. So, and again, I
263. 9:33called this live. I said I don't want to
264. 9:34be looking for any buy positions until
265. 9:36this low is taken. Why? Look at the
266. 9:38liquidity we've been now built to the
267. 9:40lows, right? And we've now just induced
268. 9:42higher. This is now a trap. We do not
269. 9:44want to be entering buys in here, guy,
270. 9:46guys. This is going to be a big mistake
271. 9:47even below these lows. Big mistake. Need
272. 9:50to be waiting for this low here. Okay.
273. 9:52So, if I play out price price action
274. 9:55here, check this out. We come to the
275. 9:57low. Look at this. We struggled for like
276. 10:00what 15 25 minutes. We struggled to load
277. 10:03inducing buyers. Finally, we get that
278. 10:05run below. Why is this important? This
279. 10:08move from here high to low induces
280. 10:13sellers.
281. 10:14Okay, now think about it. Where did we
282. 10:17just go short from? Absolutely nothing.
283. 10:19We've been building liquidity at this
284. 10:20high forever. Once, twice, three times.
285. 10:24Now, we get that false sell-off here
286. 10:25from high to low. This is an automatic
287. 10:28buy back up, guys. You want to be buying
288. 10:30this kind of price action anytime this
289. 10:32occurs. And look what happens.
290. 10:35We struggle in the red box. Why do we
291. 10:37struggle here? Same thing over and over.
292. 10:39Sellers interested in pushing price
293. 10:40down. Sellers interested in pushing
294. 10:42price down in this area. And that's
295. 10:43exactly why we struggled here for about
296. 10:464550 minutes and then finally, look at
297. 10:49that. From
298. 10:51low to high, we grab that liquidity.
299. 10:55Okay, trapping buyers and then finally
300. 10:58trapping the sellers here. All right,
301. 11:00guys. Hope you enjoyed the fourth
302. 11:02episode to this series. We're going to
303. 11:03be recording lots more. I promise you
304. 11:05guys, cuz all these comments are telling
305. 11:07me that you guys are gaining a lot of
306. 11:08value from these. Please like, comment,
307. 11:11subscribe if you haven't already, and
308. 11:13we'll see you guys