0:12 - folks welcome back this teaching is
0:13 going to be specifically dealing with
0:16 the weekly bias excellence in short term
0:25 trading okay the weekly bias and short
0:27 term trading point to focus in this
0:30 module we'll be mapping bullish weekly
0:33 profiles when to anticipate weekly lows
0:36 to form and mapping bearish weekly
0:39 profiles when to anticipate weekly highs
0:45 to form okay so the weekly SmartMoney
0:48 view as you see here this is a chart
0:52 depicting one week's worth of trading
0:55 and I want you to take a look at how the
0:57 market gyrates from day to day Monday
0:59 Tuesday Wednesday Thursday and Friday
1:03 this would be in a bullish scenario okay
1:07 this is for bullish conditions what
1:09 we're looking for is the weekly low to
1:12 form between Sunday's opening and
1:18 Wednesday they're high odds or the
1:20 weekly low to form before Wednesday's
1:23 New York open or would be otherwise 7:00
1:27 a.m. New York time the odds further
1:32 increase between Tuesday and Wednesday
1:34 focusing on Tuesday's London to
1:42 so let's flesh out some more ideas about
1:46 this what you're gonna be looking for is
1:49 a higher time frame directional bias and
1:51 there's a couple different ways you can
1:52 do that and I teach those in the
1:55 mentorship but if you'd like looking at
1:56 a higher time frame charts like monthly
1:58 and weekly charts they will aid you and
2:00 assist you in determining that but this
2:05 is a hourly and/or 30-minute time frame
2:08 viewing the weekly perspective so that
2:10 way you can see the entire daily range
2:12 over the spectrum of the entire Sunday's
2:17 open to Friday's closed what we want to
2:20 be focusing on is the opening price on
2:23 Sunday now some of you may not have
2:24 Sunday candle in your platform and
2:27 that's fine it's still beneficial for
2:29 you to seek out whatever the sunday
2:31 opening price is so you can use things
2:34 like websites that follow the foreign
2:36 exchange markets and get an opening
2:37 price because sometimes these I think
2:39 prices will create gaps from varieties
2:43 closed those gaps are very indicative of
2:46 sentiment and sometimes they could be
2:49 exhaustive or they could be insightful
2:52 and inform that it's showing underlying
2:54 strengths if it gaps up it may not feel
2:56 it may not trade back down and fill that
3:00 gap entry higher it may just straight
3:02 straight away you know Google North
3:04 right from the higher opening on Sunday
3:09 to open what we're looking for is well
3:13 on Sunday's opening we want to see that
3:16 opening price and extend it all the way
3:19 to Friday keeping that in mind and I'll
3:21 explain why that's important in a couple
3:24 of minutes but we're primarily looking
3:28 for is a power of three formation on the
3:33 weekly range but from a 30-minute chart
3:36 which is what we're showing here this is
3:39 going to give us the intraday reference
3:41 points and it'll show you how the market
3:46 moves and gyrates with this in now if
3:50 you choose not to use Sunday's data
3:54 which i think is little myopic lamb or
3:56 at least talking about the relationships
4:00 of the opening price for the weekly
4:02 range because they have to understand
4:05 the debt still is there in terms of
4:06 trading just because your platform may
4:08 or may not have a Sunday scandal the
4:10 market data in fact open many times
4:13 hours before you would expect it to a
4:17 fashion price when your Monday candle so
4:19 it's beneficial free to go through and
4:21 research and find out what you looking
4:23 prices on your respective Forex pair
4:27 that's what you're using you can elect
4:29 to go with the opening price on Monday's
4:31 trading but your data is going to be
4:34 slightly skewed okay so whatever your
4:36 first opening price is on Monday
4:37 you can use that price and draw that
4:40 across okay but if it's an instance
4:44 where the market starts at a lower price
4:48 level on Sunday we may not get the
4:50 opportunity on Mondays opening price to
4:52 dip down below it one more bullish or
4:55 want to be a buyer at the opening price
4:59 or below it okay so I use the Sunday's
5:01 opening price to teach new traders
5:02 because it teaches in number one
5:05 sentiment it teaches them overbought
5:07 oversold without the use of indicators
5:09 okay and it also teaches you to trust a
5:11 hard time frame premise what's the
5:13 monthly weekly charts suggesting are
5:15 they implying that we're gonna be moving
5:18 higher or are we moving lower this
5:21 example here is going to be framed on
5:24 the basis that we elected by a way of
5:26 analysis that the higher time frame
5:29 charts are looking for higher prices so
5:31 that means price is going to expand on
5:35 the open one Sunday or shortly
5:38 thereafter and having a higher close or
5:40 at least expanding throughout the week
5:43 to make a higher price level where we
5:44 can hopefully find an opportunity to
5:50 harvest some pips in terms of power
5:53 three what we're seeing here is the
5:56 relationship day by day and what price
6:01 has done with that opening price but in
6:03 terms of a weekly range if you're a
6:05 short-term trader you can use this
6:07 insight and not have to worry about day
6:10 trading at all once you know the opening
6:13 price you'll be anticipating that move
6:14 down below the opening price
6:17 now what level you choose to buy it down
6:18 there there's lots of different ways you
6:21 can do it and I teach a lot of them and
6:23 it's not important for me to share with
6:26 you any one particular setup because
6:29 I've learned over the years teaching
6:32 that some of my concepts don't always
6:37 gel or more or less work for certain
6:39 individuals it's not because the
6:42 patterns are they're not you know
6:43 favorable in terms of how to use them in
6:45 the price action it's because of
6:49 personality it I'll give you an example
6:52 to be a buyer when the market creates a
6:55 new low that is sometimes scary for
6:57 certain traders and they won't want to
7:01 do that other traders that see that and
7:02 they say what makes perfect sense they
7:04 will gravitate towards that type of
7:07 pattern the ones that don't want to be
7:11 buying below all lows that trader will
7:13 probably do very well when they do
7:16 optimal trade entry buys where it's
7:17 proven it's gone up a little bit and it
7:19 retraces it makes more sense for them to
7:23 do that so that's why in a free content
7:26 I'm avoiding that whole way of teaching
7:28 because it gives the impression to the
7:30 students or the first-time readers or
7:32 viewers of my content that I'm trying to
7:35 promote you to follow a specific mold
7:37 okay or or press you into a specific
7:40 mode which as a teacher and a trader I
7:43 know that doesn't work you can't work
7:45 okay it might work for some of you but I
7:47 don't want to make my success as a
7:50 mentor be based on just a handful of my
7:53 students I have a way of teaching where
7:57 the content is there for you to plug in
7:59 play for your own personality and I do a
8:01 lot of that stuff in the mentorship but
8:04 for free content this is all you need to
8:05 work with and you'll find all the setups
8:07 you'll ever look for now we can
8:10 fine-tune this principle and actually
8:12 give you specific levels on what you
8:14 would be buying at below the opening
8:16 price both in a day traders perspective
8:18 and/or a short-term trader so it's a
8:20 short trend trader if you've watched my
8:23 content and you've been well impressed
8:26 with the ability to have that precise of
8:29 an understanding you can still use these
8:32 same concepts by way of using the
8:33 opening price in trading the weekly
8:36 candle so the weekly range or weekly
8:38 candle they're synonymous terms okay but
8:40 I use them in a tune interchangeably but
8:42 for the sake of weekly range that's
8:43 exactly what I'm talking about okay so
8:45 what we're forming here is this
8:48 particular week's entire data from the
8:50 low of the week to the high that week
8:53 this opening price is representative of
8:56 the Sunday's opening price we would be
8:59 already bullish on the week we would
9:01 anticipate this movement from the open
9:03 and down we would
9:05 be interested in anything from the open
9:07 to trade up first we would look at that
9:10 as not interesting we would wait for it
9:12 to drop down into an oversold condition
9:15 what makes it oversold because its
9:19 opening price is value okay that's fair
9:23 value at the time of new trading at some
9:25 point in the future we would anticipate
9:26 the market
9:29 dropping down okay that dropped down
9:31 from the opening price it's going to
9:34 make price in terms of what we bought or
9:37 sold oversold because the context our
9:39 premise behind it we would already be
9:40 bullish relative to the monthly and
9:42 weekly chart so if we're expecting them
9:44 weekly try to continue higher the new
9:46 week we would expect to see the opening
9:48 price that drop down which is a Judas
9:52 link this engineered move is to knock
9:54 individuals are already out long or
9:56 drive individuals that are not in the
9:58 marketplace that want to sell short to
10:02 entice them to do so any pending orders
10:03 that would sell in a breakout it would
10:06 be filled down on this movement here so
10:08 you as a short-term trader you could
10:10 elect to buy at one of these levels
10:12 below the opening price that my
10:16 tutorials teach some of but we go into
10:17 great detail with that mentorship so you
10:21 can frame all types of entry techniques
10:24 and concepts they reside below the
10:27 opening price okay wait Lee uses
10:29 information from the free tutorial
10:31 standpoint is if we know that the low of
10:34 the week from the opening price on
10:36 Sunday making a low of the week on this
10:38 weekly range it's going to form between
10:41 Sunday's opening and Wednesdays New York
10:46 open the odds favor a greater chance of
10:47 the low for me when you're bullish
10:52 between the London set up and New York
10:55 set up of Wednesday so Tuesday's on them
10:58 set up to Wednesday's New York set up
11:01 between these two time periods I'm going
11:03 to encourage you to go through your
11:05 charts it's really really easy to go
11:07 through hindsight data and you'll see
11:09 what I just told you is like the
11:12 elephant in the room retail traders
11:15 until I taught this stuff publicly on my
11:18 youtube channel and in my to tour
11:19 nobody was talking about this
11:21 nobody was mentioning it no one was
11:23 using it and the folks that tried to say
11:25 they were always aware of it they showed
11:26 examples in their trades and it never
11:28 was there they were doing the things
11:29 that were opposite to what this teaching
11:31 teaches I've been doing this for two
11:36 decades okay and only a few handful of
11:38 individuals around the world had
11:40 opportunity to learn from me you could
11:45 read about 18 years ago or so and that's
11:47 small little circle of individuals they
11:49 and myself have the only ones have been
11:51 really been aware of this type of
11:54 phenomenon now since I made my tutorials
11:56 there's been educators and stuff's
11:58 they've linked on to what I teach any
12:00 renamed it okay they call it a weekly
12:03 strategy they call it you know whatever
12:04 else they want to come up with and they
12:06 add some kind of a twist in the title
12:08 but once you see what they're doing it's
12:10 what I've taught here and what I've
12:13 taught in my previous teaching how to
12:15 cache explosive price moves which is the
12:17 free tutorial which I didn't like the
12:19 presentation but if you watch that video
12:22 or look at it the first couple minutes
12:23 of that video is actually what I'm
12:26 showing you here so once that was
12:28 produced and shared on baby pips and
12:31 that crowd watched it all there - they
12:34 caught fire problem is is most traders
12:37 they don't know what to do with it below
12:39 the opening price one more bullish so
12:42 which level do you buy in this instance
12:45 I'm just gonna teach the classic market
12:48 structure goal - optimal trade entry
12:51 okay so you're gonna anticipate Tuesday
12:54 to Wednesday's low forming now sometimes
12:56 it's going to on on Monday but you can
12:58 still get a continuation move on Tuesday
13:00 or Wednesday but primarily I want you to
13:03 be thinking how Tuesday to Wednesday in
13:05 that time period that's when the weekly
13:08 low is gonna form many times it's going
13:11 to be Tuesday's long and open okay now
13:13 if that's going over your head I want
13:15 you to stop think about what I just told
13:20 you though weekly low most likely forms
13:21 on Tuesdays on an open when we're
13:26 bullish if we are bullish and it does
13:28 not form on Tuesday and we drop down on
13:30 Wednesday Wednesday we'll probably
13:33 be the low of the week if we go lower
13:37 than the low formed on Wednesdays New
13:40 York open you have to nix the trade and
13:42 go to the sidelines on the day
13:44 expecially if you took an opportunity on
13:45 Tuesday or Wednesday and they were
13:48 losing trades you have to stop and just
13:50 submit to the fact that you're wrong
13:52 even if Thursday or Friday it goes
13:55 higher and that's a very hard lesson to
13:58 learn because you were bullish on the
14:00 week but you get stopped out and it
14:02 still ends up going there and you've
14:05 missed out on it that's going to happen
14:08 it's happened to me many many times and
14:11 it does not undo the effectiveness or
14:15 the validity behind the setup there's
14:17 going to be an imperfection in your
14:19 trading so you have to permit that okay
14:21 but if we're looking for too low the
14:23 forum on Tuesday or Wednesday what we're
14:25 simply looking for is a new low in the
14:28 week preferably on Tuesdays on an open
14:31 or Wednesdays New York Oakland okay
14:32 between these two reference points
14:37 should that occur okay soon as we have a
14:40 lower low in a week formed we find the
14:42 short term high prior to that new low
14:44 forming in this case it's this here okay
14:48 so when that occurs that's our trigger
14:51 point so for individuals that want to
14:53 buy on retracements with optimal trade
14:55 entry we're going to wait for price to
14:57 break above this short-term high which
15:01 it does here from this point here you're
15:03 going to be looking for the low the
15:09 forum prior to this run-up now classic
15:12 fib people will go from this low to this
15:14 high sometimes that'll work
15:17 sometimes it won't what I want you to
15:19 look at is we have the most dynamic
15:23 price movement off of this low so you're
15:24 gonna anchor your fib on the lowest
15:28 close or open in that swing low drag it
15:31 all the way up to this body here now I
15:32 don't have that in here cuz I want the
15:34 two presentations to be clean because my
15:37 watermark on top of the chart and my
15:39 references I'm showing you here I want
15:41 you to go through and look at this for
15:44 yourself go through your own data it
15:50 the November 21st and 22nd of 2017 use a
15:52 30-minute chart and you'll be able to
15:55 see going that fib that low to this high
15:56 you get an optimal trade entry
15:58 beautifully lined up right there and
16:02 there's your continuation by and here's
16:05 the thing you're buying it below the
16:08 weekly open one Sunday you're buying
16:11 below that weekly open trying to do
16:13 power three one week this gives us the
16:17 best advantage okay to be in before the
16:19 expansion that takes place on the weekly
16:22 range because we're buying below
16:25 evaluation that would deemed as fair and
16:29 it drops down to an oversold condition
16:31 so while everyone else would look at
16:33 these movements dropping down here and
16:36 dropping down here as momentum on the
16:39 downside our perspective is like the
16:40 smart money we're looking at that as it
16:43 going down to an area of a really really
16:47 cheap price so if you're terribly afraid
16:50 just you know to step in there right
16:53 when it breaks below to a new low I
16:55 understand that but over time you're
16:56 gonna have to you know encounter that
17:00 and just move past it or just elect to
17:02 go with often trade entry as your your
17:03 pattern and there's certainly nothing
17:05 wrong with it but if you're wanting to
17:08 buy up here and you're always gonna
17:09 wrestle with the idea I wish I would
17:10 have bought down there this is only
17:14 going to occur if you buy at new lows at
17:15 a time when it should be creating the
17:18 low the week in like I said it's hard to
17:21 do that without just getting in here and
17:23 desensitizing yourself by practicing it
17:25 practicing in a demo account and doing
17:26 it live with a demo over and over and
17:28 over again to the point where you just
17:30 don't care if the outcome is going to be
17:32 profitable or not because that's what it
17:34 takes to be consistent you're not
17:36 worrying about the end result you just
17:38 trust the process of what you're doing
17:40 eventually over time the sample sizes
17:43 are more weighted on the positive side
17:45 of what you're expecting to see then
17:49 that of the temporary and sometimes you
17:52 know unwanted negative results that is
17:55 missing the trade or getting stopped out
17:57 so this would be the optimal trade entry
17:59 again it's on a day that we would look
18:02 for to form Wednesday and priced our to
18:04 expand we get about above the opening
18:08 price preferably we want to see price
18:09 show a willingness to want to expand
18:12 away from the opening price and not want
18:14 to come back down to it now there are
18:16 some certain caveats to this and I'll
18:18 add this to you just to you'd be a
18:20 little bit more splice on this if we
18:24 make the low of the week on Monday how
18:26 do we know that it trades back above the
18:29 opening price okay one Monday and
18:32 expands a little bit more okay this
18:34 right here we dropped down and went back
18:37 above the opening price I don't trust
18:40 this because it's Monday and I like to
18:43 see the Monday's range okay I want to
18:45 see what the money's entire daily ranges
18:48 so I don't I don't get the weekly loads
18:51 many times actually Isis be fair about
18:53 about 90% of the time if the week makes
18:55 it slow on Monday I'm missing that
18:58 because I elect to sit many times on the
19:00 sidelines because I want to use the
19:03 range of Monday to give me insights so
19:05 on Tuesday I like to get hopefully a
19:07 lower low when I'm bullish and then I'll
19:09 buy in here okay based on some pattern
19:11 or some kind of a key level I teach and
19:14 I'll ride that out and hopefully get
19:16 back above the opening price now if we
19:20 trade above the opening price one say
19:24 Tuesday I will permit Wednesday to see
19:26 retracement back down the opening price
19:27 funds and support and then rally back
19:30 away on Wednesday if we're breaking
19:32 above the opening price on Wednesday it
19:34 cannot it should not come back to
19:37 opening price now again in simple terms
19:41 Wednesday is de line in the sand if it
19:42 trades above the opening price one more
19:45 bullish we do not permit it to come back
19:48 down to the opening price it can happen
19:50 if we go above the opening price on a
19:52 new low on Tuesday we could still see it
19:54 come back down and retest the opening
19:57 price on Wednesday the algorithm will
19:59 want to expand away from this opening
20:02 price after Wednesday because it only
20:06 has newer opens time period to Friday's
20:08 closed and that's why you see this
20:10 acceleration in the movement on the
20:11 weekly range
20:13 nealy after wednesday breaks above the
20:15 opening price now you're gonna look at
20:17 this and I'm gonna be criticized by
20:19 folks that don't like what I'm teaching
20:22 because they're you know sold one
20:23 indicators or whatever else they're
20:25 doing or they don't like the fact that
20:28 I'm right they're going to say this is
20:29 being cherry picked in hindsight
20:32 capacity well grant I am hand picking
20:34 this in hindsight to show you because
20:35 it's already happened anyone teaching
20:37 you anything is going to be some level
20:39 of hindsight I'm telling you to go
20:41 through your charts and you will see
20:43 this yourself as many as examples that
20:44 you're gonna find you're gonna see
20:46 quickly what I'm telling you is the
20:49 gospel okay it's just the way it is you
20:50 can argue and wrestle with this but if
20:53 you trade against this premise you may
20:55 understand why you're losing money okay
20:59 so once we get through the opening price
21:02 on Wednesday and or on Tuesday or Monday
21:05 Monday I personally will never get the
21:08 low on Monday you know we clean low I
21:13 won't get that on Monday you can try to
21:15 test that theory and buy down here and
21:17 you might get something like this and
21:20 this could have kept on going if you're
21:22 going to trade on Monday if it trades
21:24 back to the opening price my opinion is
21:26 is to take some profits there and leave
21:29 a stop in so that way if it does not
21:32 yeah it protects any open profits but
21:33 leave it in there because you might have
21:40 statistically studying all the possible
21:42 scenarios and weekly protocols that I
21:44 teach I elected to simply wait till
21:47 Tuesday and that's just the way I do it
21:49 obviously I'm not encouraging to follow
21:53 me step by step but I'm doing it and
21:55 telling you this because I want to be
21:59 open about how I do it Tuesday I'm
22:01 really actively looking at London open
22:03 okay that's really what I'm looking for
22:05 so between London open on Tuesday and
22:07 some of these opening I'm really not
22:10 doing much at all I'm just relaxing and
22:13 spending family time I glanced at the
22:14 charts but I'm not really trying to
22:16 actively pursue anything until around
22:19 1:00 and open on Tuesday and if you look
22:21 at the weekly ranges on the front
22:23 currency pairs you'll see that many times
22:24 times
22:26 we are in the bullish or bearish these
22:28 turning points will form on Tuesdays on
22:31 and open but for this example here we're
22:33 bullish and we're looking at the opening
22:34 price on Sunday you want to see it drop
22:37 down it trades down to a level we wait
22:39 for it to break a swing high okay this
22:42 could have easily formed on Monday and
22:44 the retracement could have been
22:45 occurring on Tuesday like it is here on
22:47 Wednesday and in Tuesday could have
22:49 trades to do claim price and we could
22:50 still permit it to come back down to
22:52 that once a retest of the weekly open
22:55 but after that it's not allowed to do it
22:57 again if it ever starts to gravitate
22:58 back down to that opening price after
23:00 Wednesday trading through it it's
23:02 probably made a reversal or it's going
23:03 to consolidate for the rest of the week
23:06 either one's not good for a weekly
23:08 expansion now there's going to be times
23:09 where we'll trade above the opening
23:11 price on the weekly range and not go
23:13 very far and just gravity right back to
23:14 the opening price and it's going to be a
23:17 quiet next week if it's still bullish
23:19 the following week would still use the
23:22 same criteria okay but the next stage
23:24 would be really expecting that expansion
23:27 here now this portion of the weekly
23:30 range is going to be what you're holding
23:34 for an event say until Friday's closed
23:37 your mindset should be not trying to
23:40 find 10 pips or give me 20 pips okay I
23:42 start my week off looking for scenarios
23:44 that get me in down below the opening
23:46 price because I understand it below the
23:49 opening price is the ideal entry point
23:51 for all my day trades and my short-term
23:54 trading as a short-term to swing trader
23:56 you can use that insight using the
23:59 weekly ranges and not require yourself
24:00 to be anywhere near an hourly or
24:02 four-hour chart or anything less than that
24:02 that
24:04 so there's no reason for folks that
24:07 watch my beer my my videos and I'll say
24:08 well you know I'm not a day trader I
24:09 can't use this information it's
24:11 interesting ICT but I just I can't do
24:13 that you have no excuse
24:17 because of this gave you a bazooka okay
24:19 this gave you the ability to go in there
24:21 and short-term or sling trade using the
24:24 opening price on Sunday okay wait for it
24:26 to drop down and simply go in and handle
24:28 it now I will toss this out there and
24:30 you guys can test this theory on your
24:34 own okay if at any time you are bullish
24:37 on a weekly range if the opening price
24:37 and we
24:41 drop down say 30 pips okay if we drop 30
24:43 pips from the opening price on Sunday
24:46 test this theory out if you're bullish
24:49 buy 30 pips below the opening price one
24:52 Sunday and use a hundred and 50 pips top
24:54 this is for swing traders not short-term
24:57 traders okay and let that go and see if
25:01 you don't get 150 to 300 pips test that
25:04 theory and give me your feedback through
25:07 Twitter you try this on any pair really
25:09 any kind of market really but for forex
25:11 I'm gonna give you that suggestion now
25:13 it does not mean that you won't see it
25:16 drop down sometimes 50 to 75 pips okay
25:21 but generally your stop-loss of 150 pips
25:24 after buying below the opening buy 30
25:26 pips what you're really doing is you're
25:29 saying I don't believe in to go down 180
25:32 pips from the opening price if it's
25:34 truly bullish we won't spend a whole lot
25:36 of time below the opening price and it
25:39 won't go that far down below it unless
25:41 we are changing long term in a reversal
25:43 from a bearish market to a bullish
25:46 market then we can see some really wild
25:48 reaches below the opening price which I
25:49 don't look for those anyway I want to be
25:51 looking in a marketplace that's already
25:53 in position to be moving it has been
25:55 moving for a while longer term and I'm
25:58 just getting in positioning myself in a
26:00 logical area where the next upside is
26:03 clearly an expansion or bullish up close
26:10 okay the weekly smart money view or
26:14 bearish conditions okay you can see here
26:16 we have the same thing dis reversed
26:18 we're looking for the weekly high to
26:21 form between Sunday and Wednesday high
26:24 odds between Wednesday's New York open 7
26:27 a.m. from Sunday's opening that's what
26:30 we're looking for but the odds further
26:32 increase again between Tuesdays and
26:35 Wednesdays trading specifically focusing
26:37 on Tuesday's long and open to
26:43 Wednesday's New York open ok so we're
26:45 looking at the weekly range here for
26:46 this particular currency this happens to
26:50 be a dollar cad and you can see how
26:51 price didn't
26:55 I have a up movement on Monday and then
26:56 we had another movement up on Tuesday
26:59 creating the high of the week during the
27:03 London session or what we were looking
27:07 for for the scenario overall we
27:10 anticipate a bearish week ahead of the
27:13 open once that opening price is derived
27:17 on Sunday we extend that through the
27:20 entire week until Friday's close
27:23 movements above the opening price we
27:26 anticipate that we want to see price go
27:30 to a level that would push price into a
27:33 technically overbought condition there
27:35 is no overbought indicator on my chart
27:38 I'm reading price action the fact that
27:40 we're trading above the opening price in
27:42 an market environment that's bearish
27:45 longer-term that's what frames my idea
27:48 over highly weak forms on Tuesday
27:51 Wednesday we barely have any type of
27:52 movement whatsoever we still have a
27:54 little blip on the radar as price runs
27:56 it back above that opening price and
27:59 then quickly rejects notice that once it
28:03 leaves that opening price on Wednesday
28:05 it doesn't try to go back to it now it
28:08 does retrace here but it's not getting
28:12 close to it if it does it's going to be
28:14 a mixed week we don't want to be a part
28:17 of that okay and ultimately price comes
28:20 down sales this old low and let me see a
28:22 reversal that's outside the scope or the
28:25 focus the point we're looking for is we
28:27 want to be when we're bearish we're
28:30 looking to sell short one or at very
28:32 close to the weekly high in riding that
28:35 down to some measure of expansion below
28:40 the weekly opening price so in terms of
28:45 the weekly range or weekly candle what
28:46 we're looking at is the opening price
28:50 here then we're seeing the Judas swing
28:52 this is the portion of price action that
28:55 we're anticipating we anticipate this
28:57 type of price action and we want to have
29:00 a level in mind before it starts to even
29:02 trade up where we're wanting to sell
29:04 short in this example
29:06 a real good example would be we have a
29:08 high here and a Monday's high so we have
29:11 relatively equalized price stabs above
29:13 this you could be a seller here and I
29:15 did in fact take this trade and I shared
29:17 it on Twitter you guys can see that go
29:19 through my Twitter feed look at the date
29:23 for around November 21st 22nd I would
29:26 have shown the example and I my entry
29:28 points and everything's in there so
29:30 short with the expectation that there's
29:34 going to be a sell-off on the dollar cad
29:38 price sells off goes below the opening
29:42 price now remember what I said as long
29:47 as it is before Wednesday's New York
29:50 open its permissible see price trade
29:53 back to in this case above the opening
29:55 price because on Wednesday that's when
29:57 it should leave the gate once it starts
30:00 leaving that opening price it's going to
30:02 expand to reach for some measure of
30:05 price action that creates the movement
30:07 below the open price so the range
30:08 expansion portion of the weekly range
30:10 that's what you're holding for but you
30:12 want to be positioned up here while
30:14 price is going up when it's long term
30:18 bearish it feels scary it feels odd it
30:20 feels out of place because you're
30:22 watching price shoot up like this and
30:24 every retail minded trader out there and
30:26 every person that's on Twitter and
30:28 Facebook they're gonna be looking at
30:30 this thing saying it's going to the moon
30:32 and it's not it's a southbound train
30:35 once this thing leaves the station which
30:37 is the opening price on Wednesdays new
30:40 york open draw that line on your chart
30:42 once that occurs it should always try to
30:46 expand away from the opening price you
30:49 should have a predetermined level where
30:51 you're going to be getting out at inside
30:54 of this expansion okay in this case we
30:55 have relatively equal lows here we have
30:58 a low here we have a low here so if we
31:01 go about 10 to 20 cuts below that that
31:05 would give us around 26 95 and that's 26
31:07 95 right here that gives us to this
31:09 price point here it goes a little bit
31:11 lower but then author link comes back
31:13 with a deep retracement and then closes
31:15 end of the week giving us the weekly
31:18 candle or range profile like
31:21 the ideal scenario is to look for a cell
31:24 above the opening price as a day trader
31:28 you could be focusing in on that and or
31:31 as a short-term trader or swing trader
31:33 you can use the weekly candle or weekly
31:37 range to trade entirely off of that and
31:39 not even look at an intraday chart not
31:42 even a daily chart you can take these
31:45 types of trades and again look for that
31:47 same scenario waiting for it to trade
31:49 about 30 pips above the opening price
31:51 okay in this case here we opened around
31:55 here we can go up 10 20 30 pips so you
31:59 could be a seller around 2005 and a stop
32:03 loss of 150 points or pips okay and try
32:06 to get 150 to 300 pips profit from them
32:12 by selling at 120 805 or thereabouts
32:16 price goes all the way down to a low of
32:19 approximately 26 75 I gave you this
32:23 example to see and show you how even
32:25 using the objective of 150 pips - 300
32:28 pips you may not get that actually in
32:30 your profit which is why I teach to take
32:33 partial profits so if we sold short
32:38 hypothetically at 120 805 or whatever 30
32:39 pips would be above that opening price
32:42 if we sold there with the expectation
32:43 that we're gonna try to capture a
32:46 hundred fifty pips or more as soon as
32:48 you made a hundred pips why wouldn't you
32:50 want to bank they're seeing that we're
32:52 probably only gonna make about 130 pips
32:54 on this move on your pip movement
32:58 anytime your moves ever traded a hundred
33:00 pip intervals you have to take something
33:03 off learn to do that if you do not do
33:05 that I promise you you will look back
33:08 and regret not having done so so as a
33:10 day trader you know obviously if it
33:11 moves on our pips you certainly when we
33:14 banking 80% of your position and if
33:15 you're a short-term trader you want to
33:16 be at least half your position out
33:20 because the weekly can change gears
33:22 midweek for instance it could have went
33:26 down to this low here and in trading on
33:28 to Tuesday high those occurrences can
33:31 happen so if it's offered up a hundred
33:33 take something off at 100 pips
33:35 regardless of what style or what type of
33:38 integral up trader you are if it gives
33:40 you a hundred pips pay yourself on those
33:43 hundred pips even if it's one tenth of
33:46 your position overall do it because it
33:48 number one it'll feel good to do so
33:51 it'll pay you for your time and the risk
33:55 that you put in and it teaches you the
33:58 value of doing overtime the folks that
34:00 say that partial profits are stupid or
34:02 idiotic you shouldn't do it because the
34:04 full risk was what it was the beginning
34:06 the risk is going to change preferably
34:08 it's gonna reduce over the life of the
34:11 trade anyway but that same initial risk
34:15 does not guarantee full profit the
34:18 assumptions that use just because you
34:20 put a specific number of risk percentage
34:22 on at the beginning trade and it's
34:24 stupid to take partial profits because
34:26 you risk this much but you don't how
34:28 many times have your trades gone to full
34:31 profit how many times have you failed to
34:32 take something off if you just would
34:35 have taken something before it turned
34:37 back on you that's what I've been doing
34:40 for 25 years folks okay 25 years I seen
34:44 enough of this to no partial pays okay
34:47 it pays you have to give yourself the
34:48 ability to take something out because
34:51 the market is not going to do it for you
34:53 you have to take it out so if you're
34:54 gonna be a short-term or swing trader
34:55 you want to use that weekly range like
34:59 this if we expand a hundred pips we're
35:01 looking for 150 to 300 pips for the week
35:04 you're not always gonna get 300 pips but
35:07 preferably if we're bearish in this case
35:10 we want to see hopefully a big weekly
35:13 range remember this small range big
35:15 range going on well if we're starting to
35:17 see small weekly ranges right ahead of
35:20 this and we're still bearish if we get
35:22 this scenario here we can do very very
35:25 well you can see those big 300 sometimes
35:27 even 500 pip ranges on a weekly
35:29 especially if it's gonna be a lot of
35:31 news a lot of things that are happening
35:34 you know economic calendar it can be
35:37 extremely volatile and it creates a
35:40 large range on the weekly so the model
35:43 is we look for if you're a short-term
35:45 swing trader
35:47 that can't be in the intraday stuff you
35:48 can sell short above the opening price
35:50 about 30 pips now you can fancy dance
35:52 that you can say well I'm gonna be a
35:53 seller at 40 pips above the opening
35:56 price a rockin if it trades up 50 pips
35:57 above the opening price I could be a
36:00 seller there okay and look for 150 pips
36:03 to 300 pips again with the expectation
36:04 you're not always going to get 300 pips
36:07 but if it allows you to make a hundred
36:08 pips when you take your first partial
36:10 off and put your stop at breakeven
36:12 you're in a beautiful position because
36:15 if you take say hey if your position off
36:18 at 100 pips could you stop at breakeven
36:19 and then see if it gives you any more
36:22 movement for the rest of the week
36:26 once the examples come by looking at
36:28 Pine site data and seeing what's
36:31 available you will quickly see whether
36:34 this is for you or not I'm not trying to
36:35 twist your arm I'm just giving those
36:37 individuals that don't have the ability
36:40 to sit in here every single day watching
36:42 intraday price action a way they use
36:44 this information on a higher time frame
36:47 you know allow them to participate now
36:51 if you are able to look at the market
36:54 Tuesday or Wednesday and you only have
36:58 to do it on those days around Tuesday's
37:01 run and open and Wednesdays London open
37:04 if you watch those specific time points
37:07 you can look at specific levels in price
37:08 action that I teach in my tutorials and
37:11 go into great detail with the mentorship
37:16 you can sell at a more favorable entry
37:18 point and you won't have to just say
37:19 okay well here's the opening price on
37:21 Sunday I'm going to take a set number of
37:23 pips above the opening price all the
37:24 time and sell short there when I'm
37:27 bearish you can avoid that okay and you
37:29 can say okay well I'd say open here okay
37:31 I'm gonna watch and see what Monday does
37:32 Monday's dilly-dallying around create
37:34 some Monday high here and we start
37:36 trading here we start to drop down ahead
37:39 up one then we're not interested in that
37:40 we're looking for this high in this high
37:43 here double tops okay what's gonna be
37:45 resting above that buy stops so if you
37:48 know that going ahead of Tuesday's on an
37:50 open you could just simply do a sell
37:53 limit order right above the high on
37:58 Friday or a high on Monday and then you
37:58 can really reduce the
38:01 amount of exposure you have and then
38:03 still have that same 100 keep it profit
38:06 objective hopefully they enjoyed this
38:07 presentation if you like these lessons
38:09 and you want to find out more you can
38:11 visit my website at the inner circle trader.com
