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Boot Camp Day 36: Daily Bias pt_ 3

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yeah what's good guys welcome to daily

bias part three where we'll go over

charts again

um this is kind of just gonna be like a

recap

sort of thing

um recapping uh like how we find our

daily advice I guess um and we're just

gonna do a little bit more of what we

did yesterday okay so again what are we

what are we trying to figure out first

thing or so like the reason why I

mentioned

like the weekly time frame

is if we break structure to the downside

on The Daily

but we're in a bullet but we're in an

uptrend on the weekly odds are it's

going to be a weekly retrace

and that's just something you have to

keep in mind right and that's something

you should keep in mind for every single

time frame is whatever the higher higher

time frames hold higher power and are

going to cause the market to move in

that direction right so if we're looking

at the weekly and we see breaker

structure to the downside on The Daily

like this

right odds are it's going to be a weekly

retrace so what can we do right for

something like this

we can use our retracement tools Okay so

ideally I would have liked the weekly

time frame to come into the to

equilibrium at least right or fill this

fair value Gap and that's kind of what I

was banking on this past week

because it was underneath this monthly

low price did not decide to close

underneath the monthly low as as I

thought it would

okay and that's fine

right I'm completely fine with that it

broke structure to the upside on the

monthly

again though economic climate looks

awful

so what does that lead me to believe

well there's liquidity again on the

monthly time frame all the way up here

so where where is the where is Price

likely going to draw towards here or

here right and then cause a reaction off

of it

I do I personally don't think we're done

personally that's just how I feel

and uh yeah that I don't I don't know

that's just how I feel that's just how I

feel on it because

indeed the news data is telling us you

know we still got [ __ ] to work out bro

like there are too many people that are

still rich and that still have all their

money from

this covered [ __ ]

and my ideal Target and sorry this is

getting way off track but this is good

information anyways my ideal Target

would have been to take out these

coveted lows

these lows that were made through covid

where most people were probably buying

after we were able to take back after we

were able to reclaim all-time highs

after this big dump this was smart money

this was the rich getting richer

liquidity sweep launch

okay

all dumb money entered off of all-time

highs getting taken out

this is where people got rich

right from like here up to here

right that's where people got loaded off

of just covered stocks booming and then

we restructure

to me this has this move down hasn't

really done anything

ideally

right this is a quarterly

order block why because we swept

liquidity moved higher

we didn't come near it what did we what

did we fill with this

we didn't feel like really anything

maybe we hit equilibrium

but other than that

barely hit equilibrium

I think this thing wants to go lower

um like this is not this is not enough

this it like ideally on a high time

frame one tiny Wick during one week

that's not enough time for smart money

to fill their orders

right it would make sense for it to take

out these coveted lows fill this order

block

and and then we we liquidate all the

people that got rich during covid and

that's essentially why we have to fix

this inflation [ __ ] because we were

handing out money like nobody's [ __ ]

business during covid we were handing

out we were literally handing out money

to to like handing out like

2.8 k bro

to people who didn't deserve it and to

people who didn't need it

and what were they doing they were

buying stocks they were investing you

guys remember back in covid when um

freaking investor Tick Tock was going

crazy

these are the best stocks to buy with

your stimulus check

Doug are we being for real right now

so anyways like cool we broke social the

monthly this is the next draws on

liquidity

I still think we're going lower

um at least to take out like these two

lows

okay but anyways we're getting

we're getting too caught up here now

okay so back to daily bias I like to

look at the weekly to understand okay if

we get a daily break of structure the

downside and we're in a weekly uptrend

we should understand that okay we need

to use our retracement tools

to figure out where price wants to draw

okay and keep that in mind while we're

trading on The Daily

okay then we get over to the Daily and

we figure out okay what is our daily

bias

what is daily Market structure oh we got

a breaker structure the upside cool

we're looking for buys and then from

there

scale down into the four hour okay what

is the four hour time frame saying buys

perfect even better for long positions

what's the one hour saying buys perfect

even better for long positions and then

what do we do when we scale down to the

15 minute we or sorry what do we do on

the hourly in the four hour we use our

building blocks to find those High

Confluence areas to take a trade so like

here there's not much right there's

there's really not much on on this shirt

that's why I didn't trade the s p on

Friday

but like to me I see liquidity lying

underneath

underneath these hourly lows massive

imbalance within here

another imbalance underneath here

you could consider

this

candle the downside in order block why

because it swept these lows caused a

rally higher orders were filled okay so

these are the things that you want to

mark up and then when price comes into

these high Confluence areas then what

are we doing on the 15 minute on the

five minute we're mapping out more High

Confluence areas on the 15 minute okay

so right maybe we come into this

imbalance what what's a Confluence right

this is Confluence on the hourly right

so we have high time frame Confluence

along with what are we trying to find

now low time frame Confluence we have

liquidity underneath here maybe we see a

liquidity sweep then a breaker structure

on the five minute perfect along that

[ __ ]

right because the daily the weekly the

four hour the one hour and the and the

15 minute is giving us confirmation

right daily saying bullish weekly saying

bullish four hours saying bullish one

hour saying bullish 15 minute is telling

us execute

that's what we need to do

yeah you're probably saying oh there was

a breaker structure on the 15 minute

right here to the downside dog it's a

one hour retrace remember keep that in

mind 15 minute break of structure one

hour retrace one hour regular structure

four hour retrace four hour break of

structure daily retrace daily breakup

structure weekly retrace

higher time frame holds higher power so

that's why we want to keep our bias on

the high time frame and we can't get

skewed by these low time frame

bullshitized moves

okay so when you see a 15 minute break

of structure don't be like oh are we

going bearish no

stop getting trapped into the low time

frame bias because it's really easy to

do that a lot of you guys see a breaker

structure on the one minute and

instantly think the whole chart's gonna

go down forever a one minute break of

structure could very well just be a five

minute retrace bro

so with that being said we used High

time frame Confluence with with low time

frame execution to get long-term trades

that run pretty far okay and that's what

that's our goal

right because yes you might see a break

of structure on the five minute and yes

you might get a couple points or a

couple Pips but guess what if it's in

the opposite direction

you're getting this small leg versus

what you could be getting is the big leg

to the upside small leg down big leg to

the upside which one would you rather

take would you rather take the

retracement or the extension me

personally I'm taking the extension

every single day that's what I that's

your goal every single day is to be

taking the extension

okay so when price is not in line with

your daily bias you're screwed Okay so

boom right High time frame figure out

your confluences four hour there's

really not much to go off of hour

there's a little bit we have liquidity

underneath hourly low imbalance

liquidity underneath this low imbalance

order block right and you know if it

comes in here and then gives us no

reaction cool we're not executing that's

the great part about this right when I'm

in my zoom call I map out all these

areas and I'm saying you know like if it

comes here and gives us a reaction cool

we'll execute hold on

foreign

but if it comes into these areas

and doesn't give us and doesn't give us

a reaction what do we do

like it was never there because it

didn't give us a reaction and it didn't

give us the move that we wanted so we

don't care about it anymore

okay

so that's what you're trying to do so

that's how you do it on the S P we'll

show an example on uh gu now

I that wasn't all right dude I swear

okay all right I still need to clean

these stamp charts after this Discord

soon calls

all right bro and I need to blow my nose

again whatever

anyways this is a perfect example

perfect example of the daily and weekly

thing

okay so we're in a downtrend on The

Daily but weekly

we're not quite in the in the imbalance

yet so what are we trying to do

right bearish bearish trend on The Daily

so what are we trying to do we can find

Confluence on The Daily for where price

would like to draw draw towards

okay and we can use that as price points

as take profits for our very small time

frame trades

because the weekly isn't even into a

discount yet that's like the bare

minimum that I look for for retracements

is it even in a discount

because to me that's everything that you

would want to see so for this right

Weekly's in an uptrend daily is in a

downtrend perfect

we're not taking ideally we're taking

shorts because of the dailies in a

downtrend right but we understand

that this downtrend probably won't come

all the way down here why because the

weeklies in an uptrend so where are we

looking for price to draw to first place

would literally just be coming into a

discount

second place scale down

this Lake here

order block why boom big big big leg

down taking out liquidity boom rallies

higher off of it orders were filled with

this move down

what else we have

like this within here imbalance also in

a discount

right all of these things I'm just

marking out on the chart and I'm saying

yeah if it comes in here cool perfect

I'm taking it

right what else we have we literally

just have like liquidity underneath

these lows if we go into the hourly

we've liquidity hourly liquidity here

hourly liquidity here

foreign

going to the Daily okay where's the

order block that caused this entire move

the move down that caused this entire

move up right here

cool maybe price wants to Boom come up

here right this is these were the shorts

that we took today

or sorry yesterday

we took the shorts off of this

right and this is probably something we

could have held over the weekend but I

just don't like doing that because guess

what what are the odds that this thing

ends up turning around yes and this is

another thing yes the four hour broke

structure the upside but look at the

daily

look where the Daily's at

all the way up in a discount

what happened to the hourly

we broke sure to the downside

that's kind of all I need

so you're probably saying oh the four

hour broke broke structure to the upside

we'll let's loot use our heads

sure yeah the four hour broke structure

the upside maybe I don't want to take a

short underneath in a premium but once

it gets up into a discount once it gets

up into oh what's this a four hour order

block sweep of liquidity extension down

and I'm seeing reactions on the 15

minute and on the five minute

along with price coming into this was

the Confluence that we took out off

yesterday along with price coming into

an hourly order block here

makes sense to go short

we're in a discount we're in a four hour

order block we tapped into an hourly

order block and we saw a reaction on the

15 and the five minute

and then what then then what does that

give us a daily trade where we can then

Target daily take profits First Take

profit off a five minute execution

boom discount literally could be this

low liquidity an extra on liquidity in a

downtrend the next round liquidity in a

downtrend is just the most recent low

then we have the discount level then we

have liquidity here and then we have the

order block here

keep it freaking simple

that's all we need to do

okay that's that's the that's all we

need to do

and then we're still keeping in mind

that hey the weekly we're in an uptrend

okay but we're not going to we're not

going to have bearish bias until we

break structure back to the upside on

the on the daily because what's that

telling us that the weekly retracement

is over

daily downtrend weekly uptrend right the

daily the dailies the daily is breaking

structure to the downside it's a weekly

retracement once it breaks the structure

back to the upside cool that means the

next extension the next leg up for the

weekly is ready to go

does that make sense

moving forward

this one's a funny one actually I like

this one

I need to find that Minion picture and

just save it

that's actually a very funny picture

okay anyways gold what are we looking at

weekly downtrend

okay where would be confluences

for us

okay

where would price likely want to draw to

innate answer and on the weekly this is

something where it's like downtrend on

the weekly uptrend on the monthly

keep that in mind who really cares

because that's such high time frame

okay weekly we're in a downtrend we're

currently within this imbalance but does

that really matter with our daily bias

not really

right Weekly's in a downtrend Daily's in

a downtrend cool what are we looking for

retracement tools

cool we're in a discount

scale down

oh look at that

we just filled an imbalance

scale down to the one hour

what's this right here

hourly order block boom we push higher

took out these highs capitulation lower

pretty much filled past this already

we're within the hourly order block now

so what what would we be waiting for

right since we're in a daily discount

sure the four hour broke structure to

the upside

but remember just because the four hour

broke structure to the upside what what

does that mean daily retracement

so yeah we've already retraced on the

daily we're in a discount so we're

looking for reversal points for price to

come down take out this load

for price to push lower where are where

are our draws on liquidity where is

Price likely going to pull towards on

The Daily Now daily liquidity

daily order block

in like literally this whole thing is an

imbalance I'm not going to mark that on

the chart because we can just eyeball it

okay you can even Mark the top of this

because this could potentially be an

order block as well why boom move down

big extension up yes this is like

technically the move down before the

breaker structure the upside but this

you can see boom leg down biggie

centered up after that

right so those are our draws and what

are we waiting for we're waiting for a

confirmation on the hourly on the 15

minute for execution points

do we have a breaker structure the

downside on the 15 minute yet no we

don't so are we going to execute also 15

minute imbalance right these are the

things that we want to look for okay

daily downtrend weekly downtrend four

hour uptrend but we're using for our

four hour building blocks to find an

execution Point within the four hour

building block okay so what do we have

within here 15 minute fair value yeah 15

minute imbalance also hourly order block

okay so this whole price range right why

do we use our building blocks because

it's price range that are high

Confluence for orders to get filled for

price to go in whatever direction we

think it's going to go that's all this

it's just high probability price ranges

and we're executing off of confirmation

okay so what what what are we waiting

for waiting to happen a breaker

structure to the downside

from the 15 minute

okay

maybe we want to see price come all the

way up into this 15 minute water block

15 minute order block within the hourly

order block cool we're not far from it

we haven't broke structure yet might as

well Mark it out this whole thing's an

imbalance

we're within an hourly order block right

now so we're literally just waiting for

confirmation

confirmation to the downside on Lower

time frames

to go short and then where can we target

those daily areas boom daily draw and

liquidity here

daily draw and liquidity here potential

order block potential order block that's

take profit one two three four

and the crazy part is you don't even

have to Target that [ __ ]

but you can just have it in the back of

your head sure maybe if you want to hold

your trade for like three or four days I

don't like doing that

because the great part about this is

when we get a break of structure off

this this is likely what it's going to

look like here first take profit drawing

liquidity second take profit drawn

liquidity that's already a one to

[ __ ] four our first take profit on

The Daily time frame would have been a

one to four point seven nine risk reward

right if we were to Target all the way

down here

with our multiple take profits that

would be a one to 13.5 risk reward bro

that's crazy

that's like passing

like a funded account and a half off a

trade

if you hold it all the way down there

would I do that hell no because I take

partials

okay because I like to take profits

all right but hopefully this video

helped you guys

figure out your daily bias

um and like I said

you know tomorrow's video we're gonna go

into I'm kind of spamming the trading

videos right now because hopefully you

guys have the discipline down hopefully

you guys have the risk management down

that [ __ ] should be damn near robotic

now we did the trading plan video like

what a week and a half ago

if you don't have that down by now

you're emotional and you need to fix

something you need to get off live you

need to get you need to go to demo

maybe you just need to take a break from

Trading and make some money so you feel

like confident in yourself to even like

even have the potential to risk money in

the future right you maybe you can't

maybe you're still trading demo and

you're still getting emotional about it

because you're like I can't wait to go

to live

that is not the right headspace to have

okay

that being said daily Bryce is wrapped

up we're going to get into taking

profits and we're going to get into stop

losses

in the next couple videos

um and then from there I'll probably do

another check-in

let's figure out where you guys are at

figure out what you guys want to see

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YouTube Transcript:Boot Camp Day 36: Daily Bias pt_ 3

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YouTube Transcript:
Boot Camp Day 36: Daily Bias pt_ 3