Published: Sep 04, 2024
Duration: 00:13:56
Category: People & Blogs
Trending searches: jolts
yo what's going on it's your boy warm effects here um today we're going to tape read a little bit I just want to kind of show uh what price section does and how you can trade this without any indicators or any weird um I I've seen all kind of stuff Bots indicators I don't know but we're going to just tap read today we have red folder News at uh 10:00 a.m. today so in about an hour uh we're going to stay out of the way we're just going to we're just going to tape bre we're going to Mark out different areas and and see what price if see if it can leave a clear indication of what it wants to do um yeah so we got a fair value Gap here Market opens in about 4 minutes we're in a one minute time frame I want to see if we want to go lower or if we go higher just from looks of it here this sweeps some buy side here also swap some low side looks like the TR buyers and sellers looks like we are reaching to rebalance this entire move as well we're going to go to the upside I do want to see this fair value Gap uh get inverted and uh if we're going to go to the downside I do want to see a sweep these lows so um perhaps maybe Target this area here first first and then uh we'll probably go for this here if we go down so let's see what happens here Market opens in 2 minutes this is when you want to be patient you don't want to get caught right at Market open a lot of valume a lot of volatility will kick in then um that's never good for anybody especially if you're not prepared for it on a bigger time frame if we go to the 15 minute uh you can see there just a lot of consolidation a lot of bar code a lot of accumulation uh we can see if it expands to the downside if we look left bigger time frame so you can see we look left we did um rebalance this fair value Gap here right um PRS didn't really flush through it it's too early to tell if we're going to invalidate this or if we're going to retrace the upside and maybe uh come rebalance this initial push to the downside that it did we'll draw out our areas just in case we got an area of Interest here and one more to the upside but I'm not going to Mark out this area until uh we cross there so I'm not paying attention to this until we can get past this level and same for the downside I'm not looking at any of this until we can flush through these Lads so um and even when it flushes you still need to have uh an entry model I have specific models that I look for but we're just going to send our hands and weight what happens here [Music] probably still going back and forth okay another bullish candle all right I want to see what happens here and it looks like we're going to use that as support now to potentially expand to the upside see if it's if it's done manipulating feel actually pick a direction [Music] now so first Target here second target here uh you could have entered in the scandle there with that retracement all right tp1 was hit it's out the way see if we want to stay expand further we already swep this by side here the importance of waiting you know Justin said that you have to be on the Observer of price and I couldn't I couldn't describe that any more accurate if you're if you're chasing the market okay if you're chasing the market it'll run from you but if you let it come to you and fin finish painting a picture what it wants to do then that's when you can catch these A+ setups a part of my trading plan is not to trade red fold news so today is a tap ring day I I've already seen tp1 get taken I want to see tp2 and I ultimately I want to see if retrace it upside here we got another area up here see let's see what price wants to do guys like I said we have already taken b side I do want to Target this area here uh but it doesn't have to right all right so we got a nice rejection here I think that um the better the best trades are the ones that can pay you quickly and uh you can save your mental power I thought the whole point of trading was to uh get your time back right if you if this is a job okay why would you be working longer than you need to is it greed that's really that's really a good question there type in the comments what you guys think why why is it that Traders want to hold the trades for so long all right looks like we're reacting off that fair value got the Left Behind if it closes above it then we will be looking to invert it and take that um to the upside but if it does not close above it then we're definitely looking at that to be a potential entry for shorts but news in 20 minutes us CAD just got news released right now barely worked it I would have loved for it to come down a little bit deeper though still might doesn't have to it can run now this next area [Music] here if priceon goes through here I'm bearish but if it just Taps into this and rebalances uh it can still continue to the upside so those are those are what you look for um when you look at Price you look at signatures and price uh leading leading up to present time to see if it can give you an idea where it wants to go if he wants to revisit those areas I I I got a strong opinion that price leaves uh fair value gaps order blocks for a reason to either use them as previous support okay um and once price can push above certain areas it'll then use those areas as a trampoline that's my theory on price I don't think it's very complicated I don't think it's buying and selling pressure I think that um you know a lot of people probably won't agree with me but I do think that this is all manul a I think the price does everything for a reason the same area right here [Music] where she flushes I think we're coming down boys news in five minutes you still have this area down here this is the area I wanted to see get hit it just did not come down this low now price did leave equal lows here some people say oh this is too close together I'm on a one minute time frame I don't think that's too close together price left this here for a reason okay so we'll see what happens now it did have this fair value Gap that it invalidated uh closed above it did not make new highs so we'll see it's building up four minutes left all this is junk need to give it up for it to be real right want to see a close below there we got we need some type of confirmation oh 2 minutes for news we got two one minute candles I would prefer that we start moving in the direction that we need to go and that just some crazy volume spike out of nowhere but I mean wonder how many people are chy along this right now wonder how many people shorten it all right boom look at that wow [Music] beautiful see people sit down here not sure where the next area is we'll see but hopefully you guys can see why it's important to have these areas marked out of where price can go it left these lows for a reason right I wanted initially just to revisit this but as I saw price build up uh I saw I saw it I saw this this fair value Gap get inverted and that's a clear indication that price is coming down that's that's just my move um now has price delivered yes can it rebalance and go higher yes um can it go lower absolutely so anyway that's going to be the end of this stream I just wanted to kind of show you guys um price action show you my execution uh did originally get stopped out for three contracts on an initial buy but uh once I saw that inverted for Value Gap entered and was able to capture about I don't know 300 tick yeah that was a crazy move in my opinion um once again now this is where it gets gets sloppy okay you can still be in shorts right but you would have given back all those profits I had the original entry uh this would be potentially a second entry in here but um you got fair value gaps layered on top of each other you got order on top of each other now I can just consolidate bounce around and stop people out even longer um I don't want no parts of it that's just me though all right anyway thank you guys for watching all right I want to do more of these Market breakdowns this is not a signal service I'm not here to give you guys trade signals I'm really just here to kind of show you guys uh price action and what I look for and how I execute okay um when I wasn't looking for trades I was able to find an A+ setup um and secure profits all right I didn't get greedy I didn't try to hold for way down here even though I can come down lower uh and I'm not looking to take any more trades 1,700 bucks I'm good anyway thank you guys for joining I'll see you guys next time