Definition
"This teaching is going to be specifically dealing with using institutional order flow to help you find new setups" (0:50-0:55)
"One of the skill sets that I teach is using the monthly chart" (0:41-0:48)
Monthly Chart Foundation
Smart Money vs Retail
"The monthly charts are only going to move with a great deal of money behind these price swings and retails I'm not going to have it" (1:06-1:18)
"The idea of seeing big ranges on a monthly chart that's going to be a result of enormous amounts of buying or selling interest by the smart money. Again retail can't move price" (1:18-1:32)
Study Requirements - OHLC Analysis
"I want you to think about the opens the highs the close and the low of every single candle on a monthly chart over the last three months" (1:46-2:00)
"Every pair that you have on your platform this is a good study not to trade every single pair but I want you to go back over every pair you think is of interest to you and have the open high loan closed delineated on a monthly chart over the last three months" (2:00-2:17)
"Having those reference points on your chart and having those levels transposed into your lower time frames they'll bring a great deal clarity" (2:25-2:37)
Range Identification Method
Step 1: Find Most Recent Down Candle
"I want you to find the most recent down candle" (2:46-2:49)
Step 2: Find Prior Up Candle Above Its High
"Prior to this down candle what up candle exists above it. So much if this is the down candle you got to go above its high" (2:57-3:07)
"So we have to have an up candle or an up close candle that has at least a low that's higher than [the down candle's high]" (3:17-3:24)
The Range is Defined
"Just that quick we've delineated a range on the monthly chart" (3:37-3:41)
"All you have to do is find the most recent down candle and most recent up candle and there's your range" (8:15-8:22)
Order Block Activation Rules
Bullish Order Block Activation
"So now we have activated two down candles as a bullish order block" (4:50-4:54)
"The idea as soon as this candle trades above the down candle's high, this down candle becomes a bullish order block. So we can be a buyer at [the down candle's low] or less" (9:47-9:59)
Bearish Order Block Activation
"If you have a market trade up into an up candle you find the last down candle, the most recent down candle which will be over here that would be a range for the downside" (8:30-8:43)
"Or has price broken an up candle by violating its low which then activates that as a bearish order block" (14:23-14:32)
Trading the Activation
"If you get the market trade above a down candle you wait for a return back to that down candle to trade up into the last up candle" (8:22-8:28)
Top-Down Approach
Timeframe Cascade
"If I take these two reference points and I'll drop them down into a weekly chart... by having it on a weekly chart we can have a lot more information refined" (3:57-4:09)
"You take those levels and you find them down until weekly into a daily and down to an hourly chart" (14:39-14:45)
Refining Risk on Lower Timeframes
"We're using the monthly chart to give us our bullish and bearish order blocks and define our range and then we look for lower time frames to get closer to the market and refine our risk" (13:48-14:00)
"Use the higher time frame monthly chart find the most recent up candle and most recent down candle there's your range" (14:00-14:06)
Trading Examples
Range Definition
"We defined is the range in which we're going to trade in" (3:50-3:55)
Order Block Activation
"These two down candles here, price trades through it on this candle here. So now we have activated two down candles as a bullish order block" (4:43-4:54)
Entry Level
"The monthly candle at 130 70 we'll call it 130 80... price drops down into that a couple different times and you see price is expanded" (5:06-5:26)
"We looked at 132.80 as a downside objective... based on these two down candles here and the fact that we are looking for higher prices" (7:08-7:21)
Target
"We're looking for 138 big figure and potentially higher than that" (7:53-7:59)
Range Identification
"We have the most recent down candle here... and prior to this down candle you have to have a candle that's higher than the candle's high which is 104 35. So above here to the left where's the up candle it's here" (9:07-9:34)
"There's your range so between 106 28 and 103 26 so basically 300 pips" (9:39-9:47)
Bullish Order Block Activation
"The idea as soon as this candle trades above the down candle's high, this down candle becomes a bullish order block. So we can be a buyer at 103.26 or less" (9:47-9:59)
Entry on Election
"Here's price trading below 103 26 and again here on the us election trading down into the bullish order block" (10:05-10:15)
"Price dips down into it here this will be a buy. It starts to rally away then the next candle opens on the election, trades down into previous bullish order block this would be another buy and rallying away" (10:56-11:11)
Target Achievement
"On the monthly chart this is the objective we would be reaching up to and we've already seen that happen with 300 pips plus" (11:24-11:30)
Range Identification
"We have the last down candle here and the most recent up candle here. And we've moved away from the last stop candle exercising this as a bearish order block" (11:46-12:08)
Weekly Chart View
"You see price trading up into bear shoulder block it does trade through the body of this candle but it's rather sloppy right now" (12:15-12:22)
Downside Objective
"The downside objective is 69.83 so 6985. The bodies of these candles here closed comes in at 70.05 so that would probably be where I would be looking to cover. It's about 120 pips or so still potential downside objective" (12:22-12:39)
Daily Chart Refinement
"This is the bearish order block up in here so anything above that price had reached up into we can refine that into a lower level time frame bearish overblock" (13:10-13:20)
Core Philosophy
Top-Down Approach
"It's basically a top-down approach that leads you right into trade setups that you otherwise wouldn't know they were there" (15:05-15:12)
Know Your Levels Before Trading
"It gives you a context to actually look into the marketplace with a specific mindset not just waiting for a neon sign to jump off at you and say okay well I wonder what I should do today. You'll know what levels to trade off of relative to the monthly chart" (14:50-15:03)
Plethora of Opportunities
"You can see there's a plethora of opportunities to to study with all these different pairs" (14:43-14:50)
The Value of the Method
"By itself you've done a great deal already but I know you don't believe it you have to see it you need to have faith in it" (3:44-3:53)
"If we can see where they're most likely going to place orders to buy or sell and we can see on the monthly chart we stand to make a great deal of pips and we don't have to trade a whole lot to do it" (1:34-1:45)
Study & Review
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