YouTube Video — Transcript

All right, folks, welcome back to All This Showing Off Stuff. All right, so today we went through the process of watching and analyzing the opening price on ES, and I mentioned on Twitter that I was interested in this old high.

back here that's largely linked to the fact that we had a gap when the session started again last night my local time about six o'clock and we got down and then it just drifted lower had a small little

Back here, that's largely linked to the fact that we had a gap when the session started again last night, my local time, about six o'clock, and we got down and then it just drifted lower, had a small little rally in here, SMT divergence. I'll show you that in a moment, but in here we have the market creating relative equal highs. It broke down. I gave you the fairway gap live this morning on the live stream, walked you through the whole business of running out the sell side and the opening gap on Sunday, which is over here. So I don't have that on my chart, so let me just drop that on real quick if you don't mind me working as I go. I don't want to be doing any more edits than I need to, and I don't think you might be doing it in front of you so we can see what I'm showing you. All right, so the market trades down below the sell side here.

business of running out the cell side and the opening gap on sunday which is over here so i don't have that on my chart so let me just drop that on real quick if you don't mind me working as i go i don't want to be doing

And into the Sunday gap opening, we traded through it all the way down to another favorite gap, hits that there, comes back up, runs back up into the opening range, drops once more into an older block, rallies, takes the short-term high, retraces back down into another order block. Let me stretch this out as you can see a little bit better. That's not as cluttered as it now. All right, and we worked off this order block, this order block, which you'll see when you get in the five-minute chart. It's a little bit cleaner here and here and rallying up into the level I was mentioning on Twitter this morning. So I'm gonna drop into a five-minute chart.

and into the sunday gap opening we traded through it all the way down to another favorite gap hits that there comes back up runs back up into the opening range drops once more into an older block rallies take the short term high

Okay, and there's a favorite gap up I gave you live, beautiful delivery. Look at the low on this candle right here, right up here. Look at this value right here, 39 26 and three quarters. This candle trades right back up to what value? The high now on this candle, 39 26 and three quarters, folks, that is absolutely perfect. That's perfect price delivery. Okay, I know I'm kind of known for the forex market showing things like that to the pit, that type of stuff. It originated really with index futures, bonds, and index futures. So in the 90s, I was utilizing these same tools. I know it seems like it just came out of nowhere recently because I've talked about it, but these things have been under my control, my ownership if you will, for about three decades. So it's nice to be able to share them obviously with all of you, and it's very well, I guess the word is fulfilling to show it to you.

you get in the five minute chart it's a little bit cleaner here and here and rallying up into the level i was mentioning on twitter this morning so i'm gonna drop into a five minute chart [Music] okay and

To walk you through it live so you can see what it is, what it looks like, and yes, I have a lot of people asking me why don't I give trade signals, can I run a trade signal room, please, I will pay you, can you do this and can you do that? No, I'm not going to do that. Okay, I don't want to be in another paid service type thing. Okay, I'm sick of it. I don't want to deal with that no more. I can make all the money I ever need trading, and to be honest with you, I don't really need to do anything anymore anyway. I'm padded out, so just enjoy the fact that I'm wanting to teach. I love teaching. I love sharing with you, and I know it is helping a lot of you, so just let that be the economy between us. Okay, I like doing it, you like receiving it, it doesn't cost you anything, so there you go. So when we hit the fair value gap, it broke lower and then once more returned back up into it, well not into the fair value but up into that range here, and then broke, and I gave you a small little imbalance and we'll look at it in a moment. We traded down into the Sunday gap. I mentioned the lower end would be this time the level to watch, and so if we went down below it, come back up, it'll act as what? Resistance. It does, so here we'll look at lower time.

value the high now on this candle 39 26 and three quarters folks that is absolutely perfect that's perfect price delivery okay i know i'm kind of known for the forex market showing things like that to the pit that type of

Frame drops lower once more, hits the old fairway gap I showed you before. We dropped into the five-minute, little bit of consolidation ahead of lunch, typical retracement during the lunch hour, all the way back up to the opening range, broke lower, small little swing low broken back to rebound, and also look what it's doing here, folks. It's going back up into that old gap opening on Sunday, trades up into it, access what resistance, trades lower down into an order block.

control my my ownership if you will for about three decades so it's nice to be able to share them obviously with all of you and it's very well i guess the word is fulfilling to show it to you

Big down handle right there, that's the one over here, hits it, starts to accumulate, rallies up back above what level here? I'm gonna make Sunday's levels really, really obvious. It's going to be obnoxious actually, so I want you to see what was going on in my mind as I'm watching price. Okay, price goes above the opening gap or gap opening rather from Sunday, then trades back down into it, see that, hits it, rallies, falls short of what? The relative equal highs over here, retraces, where does it trade down into? That gap opening again. Now we're at the discount low, it rallies, comes back down in fair value gap, trades into that. This is a 15-minute order block, rallies, and what's it go to?

can you do this and can you do that no i'm not going to do that okay i don't want to be in another paid service type thing okay i'm sick of it i don't want to deal with that no more i

The 39 52 and three quarters level, hammers it, beautiful, beautiful, beautiful, beautiful. In the afternoon, it became a lot better. In the morning, it was sloppy. So when I say things are sloppy, it just means that it's not really giving you a whole lot to work with. I mean, you have very few options, and you have to know exactly what you're looking for, i.e., what I was giving you this morning, and this area here, watch how it should stay open, and it stayed open basically the whole thing. This is sloppy even though it's a nice delivery, it's not giving you all of the mechanics of entry like this one here, this one here, this one here, and then run to the objective I was drawing your attention to today. So the morning, while yet it was still potentially profitable, and I was able to call it for you live, that really wasn't my choice session because it was just, I didn't have a real clear view on what I wanted to see this morning. One of the followers on my Twitter feed, a lady asked, you know, why was I talking about 39.53 level? I rounded it up one quarter point above this level, and the high comes in at 39.54 and a half, so off by one and a half points, so our handles.

with you and i know it is helping a lot of you so just let that be the economy between us okay i like doing it you like receiving it it doesn't cost you anything so there you go so when we hit the sphere value gap

So I was more interested in the run to that level versus just going down to the Sunday gap opening or the old London open lows.

sunday gap i mentioned the lower end would be this time the level to watch and so if we went down below it come back up it'll act as what resistance it does so here we'll look at lower time

Their trades there obviously, and you can see, I can see them coming. It's not a matter of, you know, missing them because I don't know that they're there or forming. My interest really lies with what is the setups that I'm liking the most, like what is it I'm looking for specifically, and the level I gave you, that 3953 level, I want to see a run up into that. So we had to come down below and then back above Sunday's gap opening.

range broke lower small little swing low broken back to rebound and also look what it's doing here folks it's going back up into that old gap opening on sunday trades up into it access what resistance trades lower down into an order block

And then it treats it as a dynamic support resistance level. Did you just hear ICT? That's blasphemy. He just talked retail. That's a cuss word around here. Well, I'm talking about it in a way where you'll understand it. So the opening gap on Sunday, if you put it in your charts and just plot it across the entire week, you'll see that many times there's a lot of valuation around that gap, so it'll be treated as a dynamic price level. If it's above it, look for it to act as support. If it's below it, look for it to act as resistance. And if you can find a swing high, for instance, we have these here, we trade down. Okay, if it's going to trade down into the Sunday gap opening, look for it to run about here. There you go. You don't need to have this level that I pointed out. This is enough, relative equal highs and relative equal highs over here. So I've taught you how to find those bicep liquidity pools, but I taught you today with this lesson using that Sunday gap opening and just extending it through the entire week. Sometimes the week will just run away from it and won't really come back to it.

what was going on in my mind as i'm watching price okay price goes above the opening gap or gap opening rather from sunday then trades back down into it see that hits it rallies falls short of what the relative equal highs over here

But in weeks where there's consolidation like FOMC, we have that to deal with for this calendar week, and those types of events create these choppy, range-bound, range-bound markets that don't give you the real clean takeoff one-way directional move. You have to know how t

the 39 52 and three quarters level hammers it beautiful beautiful beautiful beautiful in the afternoon it became a lot better in the morning it was sloppy so when i say things are sloppy it just means that it's not really giving you a whole lot

to work with i mean you have very few options and you have to know exactly what you're looking for i.e what i was giving you this morning and this area here watch how it should stay open and it stayed open basically

the whole thing this is sloppy even though it's a nice delivery it's not giving you all of the mechanics of entry like this one here this one here this one here and then run to the objective i was drawing your

attention to today so the morning while yet it was still potentially profitable and i was able to call it for you live that really wasn't my choice session because it was just i didn't have a real clear view on what i wanted

to see this morning one of the followers on my twitter feed uh a lady asked you know why was i talking about 39.53 level i rounded it up one quarter point above this level and the high comes in at

39.54 and a half so off by one and a half points so our handles so i was more interested in the run to that level versus just going down to the sunday gap opening or the old london open lows

their trades there obviously and you can see i can see them coming it's not a matter of you know missing them because i don't know that they're there or forming my interest really lies with what is the setups that i'm liking the

most like what is it i'm looking for specifically and the level i gave you that 3953 level i want to see a run up into that so we had to come down below and then back above sunday's gap opening

and then it treats it as a dynamic support resistance level did you just hear ict that's blasphemy he just talked retail that's a cuss word around here well i'm talking about in a way where you'll understand it so the opening gap

on sunday if you put it in your charts and just plot it across the entire week you'll see that many times there's a lot of valuation around that gap so it'll be treated as a dynamic price level if it's

above it look for it to act as support if it's below it look for it to act as resistance and if you can find a swing high for instance we have these here we trade down okay if it's going to trade down into

the sunday gap opening look for it to run about here there you go you don't need to have this level that i pointed out this is enough relative equal highs and relative equal highs over here so i've taught you how

to find those bicep liquidity pools but i taught you today with this lesson using that sunday gap opening and just extending it through the entire week sometimes the week will just run away from it and won't really come back to it

but in weeks where there's consolidation like fomc we have that uh to deal with for this calendar week and those types of events create these choppy range bound range bound markets that don't give you the real clean take off one-way

directional move you have to know how to trade in these environments okay so obviously my tools do very well in this in this environment too but let's go down into four minute chart [Music] actually it's going to three

and now let's go down to two minutes there it is i forgot what time frame i was looking at good grief all right so we dropped down to a lower timeframe here's the two minute you can see we

have a fair value gap here i mentioned how i didn't want to see it come back up into that once we moved away go back and watch the live stream recording it's on youtube unedited it's exactly as it was done at

the time you can see i was fumbling around had no idea what i'm doing um before i get in any further in this lesson and lecture understand this i am not buttering you all up to do these a lot

i don't want to do them a lot they take a lot of my time they distract me from my own trading and my own personal life so i understand that doesn't you make you feel good because you had a

good time today and maybe you learned something yesterday too but the other live session but i showed you what it looks like i showed you how you go into the marketplace and you read it and i'm gonna leave it up to you the viewers

decide whether or not if these things work okay you don't need me holding your hand the worst thing that i could do is sit down with you just a few times a week or even once a week that would create such a co-dependency

on me that it would not help you and to be quite honest with you i knew as soon as i did this i would get complaints and emails and things you know we need you to help us take live trades

we want you to do that you're being selfish you're being ignorant you are you know self-centered because you won't tell us when to get in when to get down folks i didn't do this for that type of feedback okay

i only promised i would show you that i could show you the things before it happens that way you can see what it looks like and there's nothing that's required you know to trick anybody i mean either it's going to work or it's not going to

work but you have to be in front of the charts doing these types of things and failing is part of that that's how you learn these are opportunities to grow from that so anyway um i think that is

it i want to go back up to the 15 minute time frame and talk a little bit about this area up here that gap i think that is where we're going to be drawing up into because this is in my

opinion not going to be left open okay so they're going to want to trade back up into that there's missing data here okay there's an actual gap so it'll want to draw up into that and what to what price level

i'd like to the low on that candle okay so if it was going to be a perfect delivery it would go right to that candle's low but i'm not expecting perfect i'm not suggesting that at all but if we go above this area that means

we're probably going to go into a deeper run on the daily and [Music] let's take everything off here so we're likely to run this high here and we have another block there so the low at four thousand so that's something to consider and

watch going forward for the rest of the week i may be wrong you know it's just something for you to go into your charts and start studying and looking for um i think i have one bit of business

oh let's go back into let's go into a five-minute chart [Music] all right um i was watching hannah on her youtube channel and i don't know exactly of him what market was i want to say it was australian dollar maybe it was

canadian dollar but something it was a 4x pair i don't need to have that on the chart to explain what i sell are doing and some of my students when they first come in to the fold they do this

type of thing too they will look at a range like this like here to here and they'll measure that range low to high to find the 50 level and then use that over here for a discount that's not how we do it

okay if we are looking for a short in anna's example she was looking for a short you want to look at the price leg that drops and this is going to be the reverse of that okay so this might be a

little confusing but just reverse the logic and you'll understand i'm sure hannah will follow along so from the low here up to this high here if we're looking for a long to get above these relative equal highs and or use

that 3953 level i was calling for or making reference to this morning this low up to this high this is what you'd be doing okay so if you're looking for it to go higher you're going to need to draw your

fib from a low up to a high that dealing range from that low that a high we're waiting for in anticipated retracement so the retracements going down to and below 50 now this becomes what a discount so you can be hunting along at

this level or less if we're into a fair value gap that's good okay uh the same thing is done here if we're looking because it has not taken this out here yet just fell short of it so if

we take the fib and just anchor it to that high and run it to here you can see here's 50 of this dealing range low this dealing range high and it drops down to a discount okay you're looking at

expansion swings okay or impulsive price swings in the direction you're trying to trade you don't want to use a price leg from high to low measuring something that you're trying to go long one but you don't want that you want to be

using the impulsive price swings that go in the direction you're trading then it retraces down in below 50 or add it into a fair value gap then you can probe that as a long and rallies up so i just want to kind of clarify that i

wasn't sure if she was aware of what she was doing but if she wasn't aware that now she knows so that way all of you have had the benefit of learning through her interactive study which i'm absolutely loving i'm loving it um

i wish more of you would do it and as long as i had time to to sit down usually it's on the weekends that i get a chance to catch up to stuff like that but i'm loving the thailand

vibe i'm loving the you know the booboo kits and not so much the food poisoning sorry for that but hopefully this has been insightful to you hannah hopefully everyone else has got something from this as well and i'm

sure i'll be back again lord willing on thursday until then be safe