Daye QT
Lec 11::
Economic calendar is imp before charts are opened
High of the week is formed whenever there is a red folder news on usd (*only USD*)
Check for SMT/SSMT
Best PA in month forms on 2nd and 3rd week of month
Bodies>wick
Learn about breaker block
Lecture 12:::
Info about SMT
Dow took the low but other two didn’t
So Dow is weaker compared to other two
This was a SSMT**
It was also a Q4
New concept called revolving true open
For the first 2 assets class the true open acts like a support where as for Dow it act SIMILAR
to an orderblock
Atleast one of the assets class will enter the weekly fvg, like here DOW did.
Use the indicator NWOG/NDOG(cryptonite)
See we had an SSMT between then , Dow broke down it and suddenly you can see the red
dots which are indicating that thus SSMT is low probability, later in you see markets go
sideways and takes high ,and forms new SMT
Red dots symbolise that when you see a heavy opiate moves between assests after a SMT
note that it’s low probability
Here you can see a SMT between Q4 and Q1 (look down blue and grey box between)
This is micro cycle or 1min chart
He took the trade after the candle took the high.
This SSMT between Q4 and Q1 works exactly like Q3 and Q4(interesting*)
And it was In Q3 and Q4 in 90min cycle check below.
As soon as the swing high is formed
you take fib and mark it
Put a stop loss at -1 and capture lows
Simple!
Rewatch!!!!!!
-lecture 13::
CPI will be on 2nd week of the week, the day before CPI will be choppy and no proper PA
No trading on Monday and Tuesday, a high or low may be formed on Tuesday, whenever there
will be a news on 8 :30 am
Best trades will form on 9- 10:30 am,NY time
So basically we have 3 tradable good days
Tuesday, Thursday,Friday
Focus in 9-10:30am on these days
Fix a TF and have good Risk management during these days.
We will start with Us index now,
Right Now it’s a low probability because we didn’t get any SMT with EU/GU
It’s choppy and it’s very high and makes no sense so we Will see what happens tomorrow
Settings of the indicator
US dollar index ss::
Now let’s check EU::
We have sell side liquidity many levels and there is a big imbalance or say liquidity void (big
overextended candles)
So price may go and reach imbalance and take lows
We will wait till market shows some market structure we will wait for 1 or 2 days PA.
Now let’s check GU::
There is a balance prove range (2 fvg) we have a low resistance liquidity below and there is
big liquidity void, but it has become a balance price range due to two of them overlapping,
only link is FVg
And those voids may act as DOL, we can see what Monday does and enter after CPI on
Tuesday .
Noting much in S&P 500 and Nasdaq we will check after CPi where will be market move…..