Candle by Candle Price Action Analysis Trading System

 

Transcript:

all right any questions about the week or any questions about what we're doing does anyone have a day that they would

prefer me to review um anything the floor is

open there's Carlos so Carlos I was literally just asking the group if anyone had first of all good morning and

if anyone had any questions if there was a you specifically wanted me to review if there was a trade you took this week

that you wanted reviewed um the floor is open for anything like

that and if not um if I hadn't did the candle by candle

of this of yesterday for the group and I put on YouTube I'll I'll keep it on

YouTube for a little bit then I'll move it to an listed a private setting but it

gives people a little insight into what we do um so we would have done this day but I

did it last night so I encourage you to go watch that video hook me up with some sort of comment or

something um I took the same one you took Wednesday where I did

everything wrong was is is this Wednesday no it's Thursday

Thursday oh wednsday where I took the full loser not

recognizing [Music] um once again me not

recognizing that high time frame level and liquidity grab Breakin

trade yep um this was a this was a mistake on my part and mainly it's

because of those 30 minute levels so just to go back and Us's look at that for one

second um so my big I took a full loser this week for no reason other than I'm

GNA blame I was trading at the wrong time and my tiredness that won't happen again I

won't violate my trading rules again as far as time or day I don't care how bad I want to trade

so all of these very clear 30 minute levels these should be

orange I'm not signifying the strength of these levels appropriately here these

are all orange you know and one of the trades

that we're constantly on the lookout for are the Breakin

trades so on this day price pushed down and I did not have these levels marked and that cost me cuz otherwise I'd have

went long look at those and they're all

within they're all within five points of each other are you kidding

me you don't get that setup often where you got one you got three 30 minute

levels within five points of each other that was golden I should have

crushed that day but did not so um but you can see when you are in a

strong uptrend and one day this will be reversed it's been a long time since it's been reversed when you're in a

strong uptrend what does price typically want to do grab liquidity go up grab liquidity

go up grab liquidity go

up and when you're in that uptrend we have to to be very that is the trade

we're looking for cuz the uptrend is number one right it is number one the

downtrend is number two you know and as long as you're in this strong uptrend you've got to look

for that trade here it was here it was here it

was um and there's no reason I shouldn't have been long here but I played all of

these other ones perfectly um but that's important okay so let's go look at this if no one

has a day they want to look at I want to go back and

play this day because I thought it offered some subtleties that deserved um

our attention so what would what would we be

marking here well we'd be marking uh the Asia overnight

low we'd be marking the London

low the London High let's go to a 30 minute

chart so we're doing this day was there any 30 minute levels here that we might

want to denote

um 30 minute fair value

Gap

um overnight low on the Asian a 30 minute fair value

Gap nothing else on a higher time

frame now going into this

day no we had something along this line marked out

hey you got the rth Asia London are

um stacking above it the play is longer flat this actually would have been more

in here and do and let's go look to see was there a news event on Wednesday let me

go look at that next so whenever you go back and you do days you want to make

sure that you are looking um at the news events as well so this day was Wednesday

there was nothing so that is not an issue all right so let's go back to

this day and let's go Candle by

candle um I want to turn this

now actually I need to mark this as the

London overnight [Music] low and London overnight

High be thorough on your markings don't ever get sloppy on it it will cost you and then you'll learn oh I should be

thorough let's go to replay here

so when the Market opens here look at this first thing you're going to say is

whoa so London took out its high and its low before the market opened all right

caution to the wind um caution to the

wind and it's below here let's do this real quick from here to Oh wrong

tool wrong tool George let's go with this

one oh oh I forgot I change the box so here's the mid I was looking for the

overnight halfback so overnight halfback is right

there oh over night half back okay perfect all

right so it's already retraced the middle of the range it's down now towards the bottom of here if you're to look at this where would you say price

is most likely going to come next well what did it do it took the liquidity up

here so now it's probably going to seek liquidity either here or

here so it'll be interesting to see okay let's go let's go Candle by candle

now uh what was left behind here is there anything of significance that you would want to Mark well uh there's no

break level because that's the break level so that bad boy is

tested [Music] um same thing here

tested tested tested

um is there any thre minute levels that you might want to mark that seems prominent I'd mark

this that and probably that if I wanted to dial it

in all of that looks right to me and there's is there anything up here

I'd want to mark no because I wouldn't have a backup level so who cares if this is a front side base or front side Wick

are you going to trade that no so I wouldn't mark it all right here we go Candle by candle

let me come over here and go and I want to make sure we have

on the coloring of our Candles there we go so what do we got a

point candle this is the fourth eight-point candle in the last half hour oh this is Thursday I was like

that's not making a whole lot of sense so Thursday so I'm glad I corrected myself I'm like that doesn't look right I was

looking at the wrong day for news on this day Thursday here I'm gonna slide it

over Thursday you had all those news events one hour before the Market opening so that was retail sales

unemployment all that now that makes sense I was like that's weird of all that action where there's no news there was news I looked at the wrong day no

big deal you make the correction um so yeah we need to let

some things calm down here all right candle replay all right now I would consider

this the first bounce because this is a front side I'm not going to take it but look at that look look how still perfect

that is but I've seen too many times if I don't have a backup level I get crushed so I just don't trade levels

that don't have backup levels my opinion your mileage may vary but how gorgeous

is it to see that bounce does that give you any confidence to today

four uh eight-point candles but it bounced off this little front side

that's pretty cool so that would I would consider that the first bounce um you don't have two CLE

clearance for that level but you do have two candle clearance for this level ideally we'd like to see it bounce here

for a second bounce another a-point

candle so the counting of the balances start

over Okay that's when you're done for the day that's where the when not to trade

you go you know what I don't know if I want to trade this you can still watch

it you know to your quitting time but at this point You' got to be going and another eight point

candle but it bounced look at that this is why you can trade an eight-point

candle land but it's scary and what do you do when you di when you uh are trading in an eight-point candle land

you trade smaller because if you're right it's going to be a beautiful bounce this is aggressive price

action so just because it's eight-point candles doesn't mean I personally stop trading but I have learned that if you

want to be in the safe safest environment the land of eighto candles is very difficult but we've seen

two perfect bounces in these candles okay

just you know how I in this morning's post I said don't treat every day the same don't treat every hour the same

don't treat every entry the same and I think that's one place that some Traders have a difficulty of how do I manage

that well that's our job um so if I'm going to trade in the C of eight point candles it's the smallest leverage for

me um so that's the first bounce

beautiful all right let's see nothing nothing nothing nothing all

slop and chop all slop and chop nothing nothing okay if it bounces off the

overnight high I would count okay so first bounce another eight-point

candle hold on is this right did I change my settings oh I sure did did we might have

to start over cuz I was like I don't remember that many eighto candles all right we're

going to start over we're GNA start over I was like gosh I don't remember that many

eight-point candles but if it was that's how I would view

it so what I did so let me just have that quick discussion so what I did

actually I need to CH yeah is um I was playing with what should be the warning

on a one minute chart that's what I was playing with there so let's start

over rewind so now we've had one eight-point candle that makes me feel

better still have this front side but do you have a backup level no so we're

still going to play it but now we got to pay attention to the that these are not eight-point candles Perfect

Balance so I would consider that the first uh do we bounce off anything down

here real quick all right I would call that the

second bounce yeah this is a beat up break level but it bounced and this bounced here so I would consider that

the two bounces from this eight-point candle we are clear to

trade got it now I'm dialed

in you have two candle clearance you have this do you have a backup level you actually don't

so if you take this trade I'm not telling you not to take it but don't let it you know wreck your day and so what

do you do you do it smaller if I don't have a backup level but I want to take the trade why would I want to take the

trade the trend is up the trend is up that's why I would want to take the trade and you do it

with one contract and then what's the goal well if it starts lading I can add to my

position I would add to to my position so I would take that trade the smallest

leverage ah didn't get me in and let's measure are we within three

ticks now no but it's right there at a point Bo I'll tell you in all of my analysis I

I had a hard time deciding whether three ticks was tested or four ticks was tested so you've got to decide now

whether or not for yourself is one point tested or three ticks I settled on three

ticks um but it's something I measure every time because it just reinforces my

rule to me like here I'm G to look at this and go okay at one point does it rip through my level do I need to take

that data into future

trades okay none of those are traded if you took that entry there you know once

again smallest why no backup level it was within one point point of being tested does that mean it was tested um

how much did that bounce I I'm just curious how much that little oh well that was one point I already

know and candle replay and right there I'm probably out

right I'm not going to survive a double tap on a three minute chart I just know

it so oh well break even we're going nowhere we're not

leaving anything behind we're not leaving anything behind that's the overnight high do you want to take that

short in an uptrend you can it's a paper cut loss

smallest leverage if you're right you want it to ladder and you can add to your position so

counter small no backup paper cut stop loss with the hopes of

adding because what hasn't happened well it did take this liquidity here it's trying this again yes this could be the

breakout and you lose your butt but it hasn't grabbed anything down here um you know that's something we're always on

the lookout for all right let's keep going so if you took that trade uh you

probably took half that distance whatever that was because it came right back yeah so you made two or three

points you're out boom you knew it was counter you're counting your lucky stars but you did it small no big deal touched

and bounc perfect

um so by the way what's happened so far Perfect Touch and bounce here Perfect

Touch and bounce here Perfect Touch and bounce here is this the type of day you're excited to trade yes zero heat

touched and bounced to Perfection these are the easy days it doesn't mean you're GNA make a

lot you can because they're all touch and go but this is beautiful I love this

all right go okay rejected off the overnight

high again where's it most likely running down here so what have we got to be

saying to ourselves here what are we looking for I'm looking for either in London overnight low or Asia overnight

low liquidity grab come back in Dro in time frames look for a long to continue the dominant Trend that's what we're

really looking for all right let's keep going what did we

leave behind well we got a front side

here but you have no backup level right just a beat up break level like crazy if

price is going to go through there it's probably going to go through there easily it's already tested the overnight high it's already grabbed that liquidity

this is prime to be ripped through so you might draw that but you might go I

don't want to take it we're gonna leave it on the chart just for

thoroughness okay nothing nothing

nothing nothing nothing nothing nothing

and now we're at my quit time I'd be done so if I took that trade that trade

and that trade they were all no heat small content morning it should be a

small content morning look at the SLO and chop oh well you move on so this is

now quitting

time all right nice push down love the front side here not two candle clearance

yet so I denote that okay now you got two candle clearance now it's grabbing

the London

low 30 minute fair value Gap bounced back up

now the Nuance you've got do we have a backside and a fair

value Gap no and here's the wick we have nothing yet there's nothing I can Mark

yet candle replay all right so what do we need to

be looking for here let's see if we can drop to a one minute I don't care about the candles

here so we just did a liquidity grab fair value gapped back up and left a

volume imbalance here so couple positive signs there if you wanted to be in first

ladder your long is there let's see what happens

um okay you would have had to front run that now let's talk about this for a second and I should have mentioned this

right before that you have this Fair fair value Gap as I've talked about when there's a fair value Gap in front of a level you

can choose to play this side you can choose to play the middle or you can choose to play your level how aggressive

do you want to be on a first ladder I'm not going to be that aggressive I'll be

honest um typically I'm not however you're with

the trend could you do it small sure you going to get hurt no you know let's say

you did it right there on the edge of this yeah I mean within two points uh

would have been your paper cut stop loss my opinion but first bounce use those fair value gaps if you want to help you

enter the fact it doesn't complete the fair I actually it did complete the fair value Gap but if it doesn't complete the

fair value Gap that's more evidence of the strength of trend up all right let's keep watching so far we're like okay

first ladder would have worked come on G do I want to take that trade now no

that was probably within three ticks yep so I'd have to consider that level bounced so I'm just watching I'm

still looking for evidence of laddering up if you did take that long you only made whatever that 50% of that move

would have been um we're still on a one minute

chart there's a bit of a front side if this thing pops up it should I don't

know it should bounce off here and come here right then maybe that's your long let's

take a peek it didn't go up but it bounced

there now that level's tested I'm not sure I would have taken that long that would have been a cotton

entry what you call a cotton entry where there was no two candle clearance but it touched the level and

bounced and then I would have made nothing I would have been out of course this is New York lunch

let's remember okay that level is now tested that is certainly within three ticks

right and you go dang it I wish I'd have taken my long down here oh well but

that's what we're looking for we're looking for the liquidity grab come back in let me go to a three minute

chart

um one second guys I'm G to change something on my stream deck to make this a little easier on

me XL candle replay let me move that over to

here and oh well I'm just GNA I'm just going

to have to deal with it I don't have any more buttons on that page so in a three minute where do we looking

at nice and strong that looks a little different on three minute doesn't

it let's go back to a one minute is there anything at this thing pulled back

I could lean on to go long

nothing nothing there's nothing I would lean on what about

you yeah I don't think I have anything there guys that I would lean on I just know I'm not taking the

short I hope it bounces just because you want every one of your levels to bounce because that means I should keep trading

now we're getting fair value gapping candles up dang it so this also shows you the power of

what it does a liquidity grab it does this type of move back into range that

maybe you can be a little more aggressive on your entry as far as two candle clearance um

I mean you want to do it on a legit level that you could defend that's that's for trueth now

we're back now we're up here in the upper distribution it's hard for me to want to go long here unless it breaks

out and ladders over the overnight High that's what I would be looking for now it'd be back to just watching you do

have a tiny front side here you wanted to be aggressive you could be against Trend against that and

your out should probably be just under Trend so let's pretend we take this entry

here there's your out um and as I said now we're in the

middle of the range we're in the upper distribution it's tough but we'll just look at it see if we could have done it

uh now what's interesting is it went through and it came back to what it gave the gift a break

even you see that and typically on these levels if you have perfect

entry and it goes against you from everything I've seen that's about 98% of

the time you could get out at break even and that's why when price goes right

against me I try to do that I didn't do that on my loser this week did I nope I was presented break even three

times now we got fair value Gap and volume and balance here and your New

York lunch still this is why I don't trade New York lunch it just never works out well for me but you had your gift to

break even there boy still following trend line

pretty well let's go back to three minute chart am I missing

anything you got this one little front side here this was within three ticks tested

yep so this is nothing but it's bouncing

good all right let's keep going to Candle replay here this is just you're in the middle of nothing you're right at

Pac 100% Pac is right here six points somewhere here six points to somewhere down here that's what I'm looking for

where would be my long I would be interested in if we could do that type of

deal that's the long I'm looking for if it came back down here on the Asia overnight low I'd be looking for a

Breakin trade why dominant trend is up it's better to be looking for Longs than shorts in

general boy just can't buy anything

um you know just to have this discussion because this hurt just in

this week and I was going to go find his comment he said I don't mind muddy uh

backsides I do see this blue candle it's blocking that backside so it's not a

backside it's already tested it and went up so I like those in a fair value Gap

and if you insist your to be in a fair value Gap you know it's a real level

there's no worrying about Muddy or not if it's in a fair value Gap it's clean it's clean all right obviously

lading up boy been aggressive down here you'd have done well then this probably got you out it's just

life boy testing again up

there you do have a little bit of a front side here I'd like to see that bounce I'm not

taking that as a trade and was that within three ticks

out of curiosity three ticks exactly I would consider it

tested I would not have front ran that there's no way I'd have been in that trade and you just go oh well I missed

it now what I now what would I be excited to see can we ladder and make this a fair value Gap so you have two

choices here at this moment you got to say Okay I want to be in a long here so if this comes back you take a cotton

long immediately you don't wait for candle clearance you don't do anything

and you have a paper cut stoploss that is a possible option here

or you could be more greedy and say I want to see at least two candles and then it comes back that's a safer bet

you get to decide does one trade deserve a different leverage than the other trade my opinion

yes all right so let's pretend we're going to do the cotton entry here um you

don't really have any backup levels so you want to have like just a tiny little stop

loss now something to note here we just

turned did we one o' nope it's still never

mind Silver Bullet done start to 1,400 over here okay never

mind all right would not have gotten me in on a cotton entry now we got fair value gapping um

and a volume inbalance I would still take the long oh

well oh well and that's where I go oh well now you got to say if it came back now would

I want to go long well I'll tell you there's there's a point where it just goes too far that

when it comes back now has Trend reversed or is it just retesting a level

does that make sense is it at some point when it starts coming back it's being

rejected not just retesting a level and going does that make

sense um but it would still count so you know you can still mark

this it would be an end of the day marking for sure um um the only thing I would

add where's your backup level and if you don't have one that's okay you just change your leverage you're with Trend

you're with a breakout this is now deleted let's see what happens I

honestly don't know I didn't look at the day that closely

ah if you really wanted to be long there's your

entry there 's your entry you have you do have two candles you didn't get a full backside

clearance but there's your entry if you wanted to beong one of those two levels your outs underneath it is it clean

clear crisp with two C does it me meet every definition no so when it doesn't meet every definition what do you do you

lower your leverage I wouldn't be shorting this what wouldn't I be doing you're not

shorting what's happened here at this point point one could say cuz I would

say did we just go

parabolic you don't want to short above a parabolic my humble opinion but I'd go long here with my

out uh probably under this little candle right here probably

right here small so it wouldn't hurt me I'm

with Trend I'm on a breakout it pulled back to a level cotton would say that's an entry

all right let's hit candle you were given the gift a break even weren't you I take it

man it went through my level it came back take the gift to break

even and then it came down and got and would have got your stop if not that's

how I would play that I knew I took a more risky entry that did not meet all my parameters I did it small

it went through my level then I took the gift of Break Even who cares it didn't

bounce and go who cares now what's happening you gota go

okay I got a front side here although that was already tested [Music]

um are we breaking [Music]

parabolic all right what's

happening okay that's within three ticks tested that would be removed I would not be taking the short if why this would be

first ladder let's say it did break the parabolic it was going to come down this is first ladder first ladders are what

risky so if it's risky what should you do if you're going to take it small with

a paper cut stop loss okay where's the paper cut stoploss it's above this

wherever you want it to be so your entry would be here

so you could literally use a three to four point stop

loss you could do it small first of all you know it's counter

it did break this parabolic trend line let's put this

back let's just see what happens but first ladder adjust

accordingly okay so it touched bounced went against you came in is your choice

what do you do here now it's went through there three times did it touch and bounce that's always my judge did it

touch and bounce no it touched and react it had a

reaction so my goal would have been out at break

even because first of all it was counter if you were more stubborn than me and you kept your stop at the Four Points

you're still in there's no perfect way to do it you got to trade based off how

it affects you emotionally if taking that loss would hurt you emotionally for like I sound so weak but you know what I

mean then first of all you shouldn't have taken it uh but

secondly um you got to do what works well for you I'd rather take the gift to

break even that's me and say okay I'll wait for my second setup because here's how I'm thinking about it okay it came

up it grabbed that liquidity are we going to now push in and give me a second ladder I'm okay with that no problem I

can re-enter it's not as great of a price but there's more confirmation my

opinion the trade would have end up making even if you'd have held it that long you'd have been out for nothing

just happened so the parabolic is broken but the primary trend line is still holding

okay did we take out a break level so there's two things that I like to look for there does it take out the parabolic

and what's the next one did it take out a break level yesterday or the other day some of

you guys were going short and it hadn't taken out a break

level yet yeah it broke the parabolic but y'all were fighting the

shorts when it couldn't take out a break level who knows maybe it was this day I don't even know but you were fighting it

because it couldn't take out a break level same thing here it has not taken out a break level back let's just draw

that in there now we have a clear break level we have a clear break level

here how interested are you in this long at this point I'm not that interested at

all why because are we getting backside development up here no

what happens when you consistently not getting backside development it's either going to grind

horribly and it's the most boring thing ever or it's going to rip your face

off so no backside development no backside development it barely it barely

took it and then it came all the way back to the break level that's actually a long right there actually a

long but we were talking about the break down there cuz it did break the

parabolic all right let's keep playing all right now what are we

looking at well I'm going to now start measuring how much time are we here

we're in hour where's an hour and a half an hour and a half's right here so at an hour and a half I'm already

thinking is this going to be a reversal box situation how excited would I be for

these Longs zero nada

that's just me I'm grading it based off the quality of the entry and if I want it how much

leverage should I

have geez all right now you're at an hour and a half this is grindy now oh well I I

I'm just typically not in these type of trades on this sloppy grindy move day I

typically will remove myself from the chart because I hate it that

much oh I love these days here now this is the advantage look at this if you

could have taken your long down here and this Wick right here didn't get you out or this is where you got in or

this is where you got in or this backside I don't know if I would have taken that um would have gotten you in

well if you got in way down here great and that's what I say about these slow grind days like this when it starts

doing that I've got to be in early if I'm not in early I don't want to trade that anymore I'm just out oh well I

missed the boat that's me you might be different but I feel like I missed the

boat now I got some kind of backside here but

it's not pretty no it's not pretty it's some

something though if you really wanted to be long that's your entry

there to there you know one contract twoo stop loss is never going to hurt

anybody that's not going to ruin your day ruining your day is it goes against you and you keep freaking adding that

ruins your day single contract two or three point stop loss that's it's no big

deal you could totally do that here without a doubt But realize that what

you're seeing here is pretty grindy and come pulls way back so you better be willing to take some heat your stop

should probably be under this trend line my humble

opinion okay there would be your entry it went to the greedier part did a

little bounce that is not necessarily get out at break even but now that would

be for me it went against me too far me you might have your stop under the um

here and you're hoping right there you're giving the gift of Break Even again just take it it didn't touch and

bounce but this is also doing this here is doing exactly what all this was and

this is why I can't trade this very well I don't this is just me personally I don't trade that very well I'd be out of

break even and this thing is probably gonna keep going oh well

um the only way I can play these things is I have to look where's the greediest possible place price could go and I

can't find one so I don't have a a greedy level trade

or you know cotton says they're not entries trend line that's pretty

greedy you know what I need to look at that on these more grindy moves here if

I don't have a level do I trade the trend line if I want to be long

small two or three points under it that's an interesting thought this is

why these replays are good because I haven't really thought about

that on these grindy pullback grind up days where it just

keeps going it's a slow locomotive and you're not going to stop it where's my

entry you know another way to look at at a at this type of trade you can enter here

I'm just going to say 1 Mees with a 10-point stop loss am I willing to risk 10

points let this whippy grindy thing work its way out and get up

here or do I just take a 10-point stop loss and move on how does that work for your

psyche but I do like this idea of maybe on these back and forthy grindy days

maybe trading the trend line let's watch that guys in the next

coming weeks let's watch

that all right candle replay where are we um it closes at 3 my time so that's

416 okay okay here all right a little bit more on the day now you're like okay so leing a fair

value Gap front side here and we're attacking this trend line again okay

this is tested everything's tested below us here until this

level could I possibly have a short that takes me from here to down here maybe

it's total counter I got to see something to break

probably not all right now that's fair value

gapping out what is the next can and now you go okay are we breaking this level I

have a front side here and now I have a backup level though well that's tested technically

but there's still a little fair value Gap so there's a little strength to this because of the fair value Gap so if I

wanted to go short I'd go short right there against Trend it broke

it that is a level that is at a volume inbalance as well it may not make it all

the way up there if this is a stronger downtrend it won't make it all the way I have no clue what it's going to do we're

just analyzing it okay there would have been my entry who knows if I'd have stayed

probably not I'm probably out that's just me other people I know could have easily stayed in um but there's that

entry right there that makes sense small though it

wouldn't hurt me and even and so somebody probably and

once again what's happening it can't take out a break level we can't take out a darn break level

geez that's

gone if you did take that short it went against you it gave you the gift to break even

I'm telling you when those trades go against me I'm pretty aggressive about that break even that's just me

personally liquidity grab there come back oh day is over okay day's

over you know one thing when we're doing this that I'm not very cognizant of and maybe I need to create a little

indicator thing that'll put vertical boxes for me where's the Silver Bullet hour where's the final hour where's the

New York lunch and a very light shaded area to be a little more

cognizant of where we're at by time one of the things that's difficult when you're doing this is where am I by time

I mean I tried the best I could to stay there but another lesson dominant

uptrend liquidity grab drop in time frames look for Longs because I want to be long

early let's scroll here let's let's do this real

quick let's turn this

off so same thing happened here off this daily low

yesterday then you look for for Longs in here somewhere right there is your first ladder you didn't you might have gotten

a second ladder there depending on how aggressive you wanted to be let's look at

that because you'd have had your backside here

um I don't think that's a fair value Gap so if you wanted to be aggressive there

you'd had to front run that but now you're seeing the nice bounce and here's the bounce off the front side you know

these first ladders can be great but I also see the first ladders a lot of times no one would have been surprised

right here let's look at this let's look at this chart here vomit a little something vomit a

little something nobody would have been surprised if that would have vomited through so if you take the first ladder

small with a little stop loss pick one of these candles and just go underneath that for your stop if you're going to be

on the first ladder I prefer the second Ladders because to me that's confirmation that we're in a real

move does that make

sense guys I need to run to the restroom real quick I'll be back

okay so now I'm going to ask for questions and I'm going to ask you a question too the question I'm going to ask you is where do you feel your

biggest struggle on the chart is right now where's your sticking

point that maybe we can have a little discussion about so any questions and if you have

any you'd want to discuss about where's your stick sing point on the charter

trading it's hard to see it

live you know this morning's post I put in the group is take it to heart when should I be

trading when I shouldn't be trading not every hour is the same not every day is the same um you know morning versus

lunch versus afternoon those are different should I be trading different leverage based off those times should I

be removing myself off the chart from those times getting rid of the C and D

trades will do tremendous for your uh

success you know like Opex Friday is that a day you know after seeing that today what I would encourage people to

do is go back I guess I deleted my sessions um go back and maybe look at

the last 10 Opex Fridays that's the third Friday of every

month and you might go back and look at those and go yeah that looks like a great day I'm going to take

off um and build a little inventory of days

that you don't like um and just say hey those are my

vacation days that's my day from not staring at the chart confidence in a rejection versus

retest when grabbing leverage confidence and a

reject versus retest when grabbing liquidity okay confident and a

reject so is and I don't know maybe I'm GNA ask it a different way is this a

Breakin or is this going to be a breakout is that what maybe you're

saying okay um well the only way I know it's a Breakin is I look for the

liquidity I drop in time frames and I like the second ladder to me the second ladder gives me some sort of

confirmation if I don't get the second ladder um and I'm sure there's I know

there's a thousand examples where this first ladder failed the first ladder failed um in

fact let's pretend this was the liquidity graph fair value gapping up fair value

gapping up fair value gapping up um somewhere in

here might have been a level but actually this would have been

the level right this might have been something in either case did the first

ladder bounce nope they went right through that's the danger of the first bounce

this would have SA saved you of saying I'm waiting for the second ladder and when it ripped through well

you went okay now it's done that what's going to

happen here okay it bounced off the first one now I'll take the second

one um the other way to kind of help a little bit too I don't know if this helps it but you know you look at this

and you go okay okay is this one little wave down second wave down third wave

down how many wave Downs do we typically get three to five so we're right here on

the edge so was the third wave down plus it grabbed a high time frame liquidity

it did the first ladder okay I can do the second

one so for me second or third ladder shows confirmation I rarely take the first one

um one of the things I'm personally going to start looking at um let me load back up my sessions I deleted it I

really wish they would fix that or you can't delete

a um there it

is is here let me go to a 10-minute chart I want to boom this up so this was

a liquidity grab off a daily low does this give me more confidence to

take the first ladder versus it's just a liquidity grab off of a like a London

loow you know this case doesn't prove it because that was strong and that was

strong right but that's something for myself that I need to start noticing is

on the break-in trade is it better if it's off a rth or any of these sessions

are okay while you're in a dominant Trend the do dominant Trends important because who knows we might have six

weeks of straight down and we're talking about the opposite now to where the liquidity grab is taking something to

the north it comes up here and grabs this and then pulls in because we're in

a down we're in a constant downtrend I will say I made a couple

notes last night [Music]

um weekly what did I

miss what did I miss hold on I go to I got to look something here if you don't

mind's go back to the trading

floor

oh well I gotta go back and is that on my monthly weekly daily huh I don't know okay oh well I

need to go back and investigate that further okay so any other question or um something that's sticky for

you

so maybe one little exercise for you Warren today is to just go pick some place on the chart and go back and and

look where rth grabbed a liquidity and like here's one they grab

the liquidity here let's let's zoom into that

um go here go three minute let's go one minute

so it actually grab the liquidity oops I hate when I do that um contrl

Z come on go back go back

okay let's go back and find that

again and let's come back to

here let's just look at all that let's go a thre

minute all right so in this particular

case it grabbed liquidity here came up and then kept going down you go oh well

nothing happened and then it grabbed liquidity here and then when you as soon as you get this fair value Gap candle back up

that's when you got to start saying okay let's drop in time frames let's see if I'm seeing evidence let's see if I get a

second ladder and in this case it just went straight up and it went straight up and you weren't able to get in it came

up here to this three minute break level and bounced and hung

out so that happens but you wait for it you you're

like okay I saw it right I was looking for the right things it just didn't get me in there and at some point it runs

too far and you're like okay let's see what happens and then it's typically going to base before it decides what

it's going to do next no big deal you were looking for the right thing you were looking for the right thing here it

didn't happen and then you were looking for the right thing here and it just didn't get

you in oh well so maybe that might be a little exercise for you is to go back

and look for those rths that grabbed liquidity

and what did it do like this one here it grabbed this

liquidity but then it just did nothing oh well you didn't get in the trade there was no trade but you didn't get

hurt either up here's one grabbed a London liquidity Dro in time frames go look at

this day um did not grab

liquidity did not grab liquidity I'm just curious now cuz did not grab liquidity oh I hate those days because

then because then when it doesn't grab the liquidity I don't really know what to do I'm expecting it to grab

it those are hard trading days for

me well this took liquidity and then kept vomiting um so obviously there was

nothing there and then it didn't grab this liquidity and it just turns around on something I don't know what you could

probably go investigate it and find that level that it bounced off of but it bounced off

something all right guys I think that'll do it for the morning I'll get this uploaded and sent to you um I wanted to

do that day simply because of the liquidity grab and run up um because we

keep when we're in that uptrend we keep seeing that and one day this will turn to a downtrend and we'll see it the

other direction and we need to be attuned to looking for that

trade all right my man I'll see y'all

later 

ES Emini MES Micro Price Action Scalping System