YouTube Transcript:
Boot Camp Day 35: Daily Bias pt_ 2

okay so we're gonna do something kind of
fun today
we're going to make the daily bias
um boot camp video
like right now on Zoom so this is with
my Discord before pre-market Market
opens in around 17 minutes we're gonna
make our daily bias video
like explaining my daily bias on the
pair these pairs
um so we're getting recorded on here and
this is also live like market analysis
and then you'll also see and then we can
also like go over how the daily bias
played out
um with the live trade or sorry the
trade recap afterwards so I thought this
was a fun idea
Let's uh let's get into it because we
don't have much time okay so I know I
didn't have the chart in the last video
I'm very sorry
um I I messed up all right
um I know I don't know how it happened
okay but anyways you guys heard me
explaining it
um we'll explain it one more time with
the charts this time okay so what I like
to do for daily bias is we start off on
the weekly time frame figure out okay
where's our overall direction
right we can even use a line chart okay
the s p it's been moving up this is like
honestly very surprising to me the fact
that we're breaking structure back to
the upside very very surprising to me
the fact that we're about to break
structure on the monthly time frame to
the upside
okay like this has to be the next like I
I'm not convinced that the s p
I'm not convinced whatsoever
that the S P 500 is
um
is bullish
so so my next draw on liquidity is up
here
okay we also have a draw right here
okay
but we broke monthly structure to the
upside
unless today closes below this low this
this high and I don't think that's going
to happen we have news today that comes
out
in 30 minutes in the market open
that won't do [ __ ] though a candle is
not going to come no Candle on the s p
is going to go
down to like you know three percent in a
day
with no like major high impact news it's
just not gonna happen
so I'm very
you know I'm trying to figure out what
the market makers are doing with this
because I've read the fundamentals the
fundamentals doesn't look good anyways
we're getting off track we're getting
off track from the daily bias anyways we
look at the weekly time frame we see the
overall direction overall direction
bullish then we head over to the Daily
time frame right because we are trying
to base our trades based off of daily
candles okay so if we can understand the
daily Market structure if we can
understand the daily trend
then we'll know where what our daily
biases where we would like ideally want
to take a trade right if we're bullish
but we're in a retracement on The Daily
are we going to try and take a trade off
of the like off a short off a
retracement or would we want to take the
extension because the extension is
always way larger and way bigger than
the retracement right it's higher highs
and higher lows when in an uptrend right
the highs
go so much farther than these little
retracements down so ideally you're
trying to catch Longs in a uptrend right
so that's literally all we do okay we go
to the Daily time frame we broke
structure the downside
right here and this is why I took shorts
yesterday because we swept daily
liquidity up here although we'll get
into this later we didn't have
confirmation on Lower time frames and
that's where I [ __ ] up
and that's where I [ __ ] up okay but
we'll get into that later but anyways we
go on to the Daily time frame figure out
our daily bias we just recently closed
back above here
on The Daily time frame we broke
structure back to the upside on The
Daily
so we're bullish again on the S P 500
and as much as I and that's what I was
doing yesterday as much as I would like
to force my bias and like force my bias
on the market and say oh well like I
think like the fundamentals are saying
like I ca we can't do that
um so we have to play off of off of what
our daily bias is saying we can't just
do what we we can't take a trade basis
of what we want Market to do we have to
take a trade based off of what Markey
gives us okay and right now it's selling
us bullish Market structure let's go
over to
Real Talk anyways
um all right
so all right I don't know I have no
explanation for that
um anyways
I yeah okay so I I'm sorry anyways we
broke structure the downside I forgot
that that was there anyways we broke
structure to the downside on The Daily
time frame on gu so what are we right
now we're bearish weekly we're bullish
right we have this this is technically a
weekly order block
why we swept this liquidity boom rally
higher
however
on The Daily where we're trying to guess
where Market's going to go
we're still bearish so until we flip
bullish on The Daily then I'll be able
to flip bullish and continue on the
weekly Trend right the weekly just gives
us an overview and this is when we can
get into the smaller time frames okay so
yes we are rallying higher on the daily
right we are retracing on the daily
which probably means we broke structure
on the four hour but this is when it's
prime time to try and catch a short and
this is where we can use our building
blocks
fair value Gap
what is this
this is the order block right what is
this boom sweep of liquidity Boom Big
breaker structure the downside this
looks like a great trade to take if we
can get up in here and show me some sort
of bearish confirmation off of this
right on like the 15 minute if we get a
breaker structure on the 15 minute I'm
ready to go
and I'm ready to Target even lower I'm
ready to Target
this is like an order block even though
it already slightly got tapped into I
would I wouldn't be surprised if we
pushed even further down in there to
collect more orders
because look at this Boom Big Rip to the
downside big liquidity sweep down
filling this imbalance in the big rally
right after that
okay so again what's our daily time
frame telling us
bearish so what are we what are we
looking for what are we trying to find
setups on on these higher time frames
first right boom imbalance order block
then what do we do we scale down even
lower
and we say okay
what are we looking for now we're
looking for liquidity sweeps on the 15
minute we're looking for breakthrough
structure on the 15 minute and then an
order block entry on the 15-minute scale
down to the five minute and then get a
breaker structure and then that's our
sniper entry
we go from finding the daily trend
downtrend we're bearish to finding a
building block area of high Confluence
within our bias
bears for Value Gap Bears order block
to then scaling lower
to finding those same building blocks
those same building block entries but on
our lower time frame because we're in
this this whole Price Zone
is a high confidence Price Zone to go
short on the four hour so how can we get
the sniper [ __ ] entry
using using the [ __ ] that we just
learned
okay we do that by scaling into a lower
time frame and using more confluences
again right where where within a
building block and then we're using more
building blocks on a lower time frame so
we can get that good entry so we can
Target high time frame take profits and
after this this daily bias series we'll
go into you know setting take profits
and then we'll go into setting stop
losses because I get a lot of questions
on that and we'll get to it okay so boom
we have the order block right here okay
and then we have
let me get rid of this because this was
just showing the breakup structure and
then we have this this imbalance which
is has pretty much filled all the way
let's do the same thing on gold now
gold weekly what is it bearish cool
gold daily what is it bearish awesome
what are we doing right now we're
retracing on the daily even better what
are our retracement tools fair value Gap
equilibrium okay how can we find
equilibrium boom
perfect we're not yet in a discount what
else do we see
for Value Gap right here within a
discount see we're putting all this [ __ ]
together now
scale and then look what I just said
scale down into a lower time frame boom
imbalance within here liquidity resting
above these highs
what is market likely going to do where
is Market likely going to draw towards
probably going to draw towards these
highs probably going to fill this
imbalance and then what do we do when
these price points get hit scale down to
an even lower time frame
okay wait for this liquidity to get
swept wait for this imbalance to get
filled
within here
okay and then we use our building blocks
on a lower time frame liquidity sweep
break of structure on the 15 minute
and then we're taking an hourly and a
four hour type of trade
but we're getting
good [ __ ] entries
I'm not going to trade GJ just because
it's been trading pretty sloppily
but that's how you find daily bias and
you guys will see the trade that we end
up taking today Market opens in like
seven minutes you guys will see the
trade that we end up taking today and it
will be off of one of these daily biases
I'm bearish bias on gold bearish bias on
gu ideally we find a short trade on gu
to fill this and then fall
and ideally we find Along on
the s p let's go over the the smaller
time frame on the s p
we have lows right here one hour lows
that could be taken out as liquidity
um
let's go into the 15 minute we have
this whole move down is technically an
order block
you're probably saying why it swept this
liquidity without closing below it cause
a huge rally up this is a high
Confluence area along with boom
imbalance
wait for this to get filled maybe it
Wicks past these lows maybe it just
closes below these lows
fills this imbalance
and then wants to go higher
okay we're already we're rallying like
no no they're on the S P which is very
interesting to me
okay we have liquidity here Order block
here imbalance here all of these are
high Confluence areas for us to take
trades off of
okay and then when it comes into these
high Confluence areas what do we do
scale down even more okay I like to take
trades on Forex on like the 15 and the
five minute on the S P you know it's
like the five minute in the one minute
okay what like what else do we have if
it goes lower this is technically an
order block
you're probably saying why swept
liquidity cause a rally higher
right these are great price points also
this whole thing
within here I'm not even going to
highlight it because it would be too
many boxes but this whole thing within
here imbalance
this is calling for Market to fall right
when Market opens
come into one of these price points
whether it takes out liquidity break the
structure the upside order block entry
fair value Gap entry
whether it comes into this imbalance
right breaking structure on the five
minute order block entry with a breakup
structure on the one minute boom long
whether it pushes all the way down here
into this imbalance break obstruction
you know like
it doesn't matter where Market goes we
just need to adapt to it right we Mark
out all of these little building blocks
this is honestly this is a great video
I'm glad that we're doing this we Mark
out all these all of these building
blocks
that are in line with our daily bias
right or what is our daily bias bullish
cool what are we looking for Longs okay
we use our building blocks what building
blocks can we can we map out that are in
line with our bias that makes sense the
s p looks great for lawns today why
because the hourly is saying the
hourly's in an uptrend the four hours in
an uptrend the daily is in an uptrend
the Weekly's in an uptrend 15 minutes in
an uptrend
what are we looking for these price
points to get filled
breaker structure to the upside on Lower
time frame for confirmation enter
that's how you find daily bias and
that's how you execute using daily bias
so
with that being said I think we'll wrap
up this YouTube video I'll try and get
this posted while we're while we're
trading
um and then by that time hopefully the
video is uploaded on my shitty ass Wi-Fi
who knows
um hopefully by then the YouTube videos
are uploaded and then we can upload the
trade recap and go over what trade we
took it's either going to be
a GU short
which I'm going to need a lot more time
to develop because I want at least a 15
minute break of structure because we're
bullish on the hourly and bullish on the
four hour even though our daily bias is
short
right ideally we're getting a 15 minute
break of structure to cause you know
some sort of a move down
you know so that's what I'm looking for
on gu look I think Longs on the S P will
be money
um
and I would love to take shorts on gold
but I don't know if it'll come all the
way up here
um to give me that
and right like again we already
explained this liquidity imbalance
discounted price everything above this
50 mark
money all right so that being said I'll
see you guys in like
I don't know two or three hours for when
I upload the trade recap video
happy and safe trading don't be dumb
trade after news comes out in 30 minutes
okay be safe peace