Transcript for:
Fundamentals of Swing Trading with the Strat - Broadening Formations & Combo (Tensho Pt II)

y'all can make fun of y'all can make fun of me for it later um so the question for the recording sake that was that was come out or topic that came out was about swing trading with the Strat so you have um as as um XYZ said most of us do use the Strat you for me in particular I use a strat to swing so well as I go on through this journey I'm gonna talk about it from a from a swinging standpoint now as far I'm gonna just quickly touch on as far as um as far as stop losses right um there's a couple and again this does this is not like the one set way that's correct for everybody this is what I do for me to help me not to like you said you get stopped out early um first off let me say getting stopped out early there's nothing wrong with that because just because you get stopped out does not mean you have another you don't have another opportunity to enter back in right um the true strap principle um or belief system is that we that we don't keep losers we cut them really quickly why because we can always re-enter back into the same trade once we get a better entry that's one so if you want to do it that way that's absolutely fine for me on the other hand um with the exception of like these past data-driven weeks um I usually do uh swing trades that are at least a month out so for me um I usually will give it if I'm doing a if I'm doing a percentage loss I usually give it you know a little bit more more kind of rope you know somewhere between 30 maybe 40 depending on how much conviction I have um if I'm doing a Target stop loss which is what you would normally do for a strat um then I'm usually going with the stop loss that's on a larger time frame right and we'll get into that as I go through this presentation because some of the um some of the combos that I'm going to talk about with the strap I'm going to show you what the stop loss would be on a daily time frame but from um for the swing trading on the I usually would use like a weekly stop loss because that gives you a little bit more leeway because again you're trading out your trading expiration is at least a month out so I would say for me it's okay to use you know weekly stop loss and weekly targets as opposed to like daily stop losses and daily targets I hope that makes sense um but great question thank you so much for that um and yeah as we continue on with these classes whenever my next rotation is with the Strat um you'll find that a lot of the things that I talk about easy money is going to be more geared towards um swing Trading sorry um I was about to call one second all right yeah so I'm a little under the weather so I'm like gonna try to hold back the call so if you hear me stop talking that's why okay sorry about that um but yeah so as we continue this journey um I know XYZ does um does sometimes swing trading but she's more of the intraday um Strat Trader I do it sometimes but I would say she's more of the the guru when it comes to that more of the professional when it comes to the swing Trader um swing trading part of it that's probably me um I don't know I kind of you know I like to think of I always joke when I'm talking about you know being like a long-range sniper um because you know I'm just looking I'm playing I'm really playing the long game I'm not necessarily playing something that would hit within the week okay um we will have a class on yes yeah as we go on I'm gonna um we're gonna put together a class on swing trading and just talk about entries and exits Etc um and then you know basically go from there but I'll touch on it a little bit in this one as well too all right so for the presentation we're talking about the Strat beginner series part one and part two we're gonna cover uh the three Universal truths which is time frame continuity broadening formations and actionable um signals um we're also going to talk about three Strat scenarios which are involving the candlesticks the ones the twos and the threes we'll talk about the Candlestick Anatomy um and then Strat Combos reversals continuations and then just uh quick entries and exit but again we'll have other uh classes specifically and kind of going more in depth on those entries and exits okay um and then I'll just do like a quick demo of just putting it all together not necessary for anything current um I have the bar rewind on trading view so I'm going to go back on um a trade that you know I've traded over the past couple of weeks the ticker I should say Nvidia and so I'm gonna show you what was kind of like how how I set it up and then you know how I was able to enter on um enter into it all right so let's go ahead and get started so actually I need to go here share my screen excuse me sorry that one called me up caught me off guard um boom and then that's all we need to share sorry about that yeah I don't know why it's been doing that because nobody else is connected but you guys should still be able to see my screen uh can you just give me a one if you can see the screen all right perfect perfect okay so the Strat guy for beginners um by 10 show I'm gonna I'm not gonna Breeze through it but I'm gonna move through it a little quickly and here's the reason why I already uploaded part one onto my YouTube if you need the link it's also in the um in the trading lounge if you still can't find it please reach out to me I'll send you the link um but the first video part one has already been uploaded right so in the interest of time I'm not gonna go over it every single thing in depth but I will try to make sure I cover um some of the key points um I'm not going to read this either later on you can pause the video either way you know what the disclaimer is for really about cya okay so what is a threat it's a price action strategy developed by Rob Smith um Robin to Black he's the original OG the Creator um feel free to follow him on Twitter um there's actually a couple others that I follow as well too but again I'll name them later it can be applied across all asset types it could be Forex it could be bonds it could be stocks and crypto you know we look at multiple oh that is a mistake that's supposed to be time frames my apologies um we focus on multiple time frames we focus on what we can see and what basically that is saying is that we are not we are not subjective we are objective um we're not doing it based off of we're not entering Things based off of what it could be or what what it may do or what it might do it's really about what is what what it's showing us right now that's what we're gonna take that's what we're believing to be true okay and then it also focuses on three Universal truths again what we know to be true and then um the three simple truths are again the time frame continuity the broadening formation and then also the actionable signals foreign and then now we're going to talk about the three different Strat scenarios sorry the three different scenarios are going to be inside bars uh continuation or directional bars and then outside bars and then let's talk about candlesticks um if you for those of you that don't know the anatomy of a Candlestick on the left side we have a bullish candlestick we have the open down here at the bottom right the ending of this Wick is going to be your low so this is where price action opened up this is the lowest that price action got to you have your high up here which is the highest point for this particular candle that price action got to and then this is where it closed we're finally closed the solid part of the candle is going to be the body of the candle the upper part of the candle where the wick is the upper Wick um it's either called the wick or the shadow whichever one you want to use but more commonly called the wick um and then the lower part is also going to be your again the wick or Shadow right now on the on the bare side it's pretty much the same thing just in reverse right if you have a bearish candle your open is going to be you know towards the top this is the highest point that price got to for this particular candle this is where it closed and then that's going to be your lowest point any questions about candlesticks it's important to know it's important to know the the candlesticks you know what they are inside and out and the different parts of them inside and out because every single Candlestick tells a story because every single Candlestick tells a story um so for example if you saw where the body of the of the candles more towards the upper end of it right creating a hammer and then you have the lower Wick that should tell you that one the buyers are in control right and then two you have exhaustion from the low side that's actually an actionable or one of the actionable signals when it comes to the Scrat that helps us to get ready for a potential reversal and then on the flip side if you have the majority of the body on the lower side we'll say the lower 33rd percent of of the candle and then the rest of it is weight then what you have is a shooter and that story that candle is telling us is that the price tried to push up but was unable to it exhausted and price action came all the way back down signaling a shooter actionable signal therefore potential to reverse foreign is an inside bar um an inside bar is just basically a candle that takes out neither the high or the low of the previous range as you can see in this picture here um we call it a one it's an actionable signal sorry it is an actionable signal as well um for me I look at ones as consolidation right price doesn't actually move and aggregate so you kind of have to look at it or think of it um the way I think of is kind of like a tug of war between you know the Bulls and the buyers and the sellers if you will and that's you know basically whoever's in control at that point in time that's usually who who wins out on that candle when you have one candles or inside bars nobody's winning it's just consolidation um nobody's in control yet which is usually why when you get the next candle there's usually a decisive candle right after that right after the inside candle obviously not always because we can set up double insides and sometimes triple insights but for the most part um usually after that consolidation there's a generally good move or you know pretty decent move um to whichever direction it's going scenario twos are two ups or two down bars they're two ups or two down bars um so here in this picture what we have is a two up and just basically a two up just breaks the high of the previous range a two down breaks the low of the previous range that's all that you really need to know about them they're directional candles as well um and again this is just showing you what a two down looks like breaking the low of the previous candle um three bars in my opinion are probably the most important ones um they go by they also go by outside um it's basically when when a candle extends past both the high and the low of the previous bar this is considered a three bar an outside bar is also or three bars also considered well not considered it is a broadening formation on the lower time frame it is price action expanding it's either well depending on what type of outside candle it is it's either buyer or seller aggression so if you have an outside Bears 3 candle um it's seller aggression if you have an outside bullish candle it's buyer aggression um and the outside bar is a reversal in itself um it's a REV Strat right because in order for a three to be a three it has to start out as either a two up or a two down a three cannot be a three without a without being a two up or a two down first makes sense all right so now that we're done with candles are there any questions about not the candle excuse me now that we're done with the scenarios real quick are there any questions about the scenarios I'll just pause really quickly you can either take yourself off mute or raise hands or um you know ask a question in the chat I just want to make sure I'm not moving too fast or you know I'll wait like 30 seconds all right perfect okay one second okay so let's talk about the three Universal truths and thank you guys for being patient with me through this process um the the head goal kind of came in over the weekend just out of control and like now this cough will just not go away um we're getting there though so let's talk about the three Universal truths right again time frame continuity uh broadening formations and then also actionable signals what I would like to do is as I continue on with Strat I'm going to break down these um Universal truths a little bit more um so for example with like time frame continuity we can break that down into uh what we call the four c's um broad informations just you know how to draw them you know eventually I want to get you guys to the point where you don't even have to draw them anymore you just see them with your eyes because you're doing it so much and then um we'll talk about actionable signals as well too when you combine these three together it kind of it creates you know highly probable trades right and that's what we're looking for there's no strategy none none in this market you can't show me a strategy that is 100 foolproof and will always work so what we're looking for is extremely high probability trades so what we're looking to do is we're looking to trade with the trend which is time frame continuity we're using our broadening formations for a potential of a reversal right if we hit the bottom of a broadening formation you know we're looking for the reversal back to the upside if we hit the top over broader formation we're looking for a reversal to the downside and again we're looking to do that excuse me we're looking to do that with the trend and then the actionable signals tell us when to execute right so when you combine these three together it makes an extremely extremely highly probable trade um one that's going to go in your favor right and that's exactly what we're looking for mm-hmm so with time frame continuity as I said before high highest probability trades occur when the time frame when there's full time frame continuity the goal is to identify who is actively in control on any given time frame whether that be the buyers or the sellers the continuity is all time frames are in agreement with each other therefore pointing in the same direction oh yeah we use broad informations to discover price again price Aggregates it doesn't move therefore for every buyer there must be a seller price expense um stocks trade in a series of higher highs and lower lows and from this we can draw broadening formations showing price expansion we can see price exhaustion from either side and then potentially a reversal back to the other side and now here are your five actionable signals we have the inside bar the hammer the Momo Hammer the shooter and then also the Momo shooter and again the the actionable signals are what gives us the reason to enter into the trade once we've done our homework and checked out the full time frame continuity as well as making sure um that we're in a good place when it comes to the broad information now with the broad information it doesn't mean that she only enter trades when it's either at the top or the bottom of a broader formation however again when you combine all three together it makes a very highly probable trade right because I'm going to be honest I I've entered trades in the middle of a broad new formation right so again combining all three together makes a highly probable trade doesn't mean that you can only enter a trade if you know price action is at the top or the bottom of a broader formation however um there are also broad informations for every single time frame so you know you may actually be entering um you know at the bottom or the top of a broad information of a smaller time frame right um all right so let's talk about inside bars we don't actually trade inside bars excuse me we don't actually trade inside bars we wait for those bars to close and we trade the very next candle right we only trade the break of an inside bar on the following candle again as I stated earlier inside bars are consolidation bars one second I'll be so glad when this is done um inside bars are consolidation bars neither the buyers nor the sellers are in control it is easy to get chopped up during an inside bar let me repeat that it is easy to get chopped up during an inside bar this is the reason why we do not trade in an inside bar right A lot of people a lot of people may do that and then they're like oh man price action's not going the way that it's supposed to go well it was an inside bar we should have never gotten into that trade to begin with the reason why you got into that trade because maybe it was an inside bullish bar and like oh okay it's about to go up so let me just jump in early right so you gotta you kind of gotta get rid of that mindset of let me jump in early right and then I'll be able to make more money the point of it is to make money it doesn't really matter the amount of money that you're putting in as long as you profit off of it right I hope that makes sense so you jump in early on the inside bar you get chopped up and then it comes all the way back or it gets um sorry your contract comes down and then you get chopped up with data right as opposed to maybe that contract goes up maybe five maybe ten dollars more but that inside bar is now a two up or that inside bar closed and then the very next candle gives you the two up or the two down that you were looking for and then you enter you're no longer getting chopped up and the money that you put up for that contract is now making profit as opposed to getting chopped up in that inside bar and then that's where the mental kicks in and you're like oh well maybe I should get out so again it's very easy to get chopped up during inside bars that's the reason why we do not enter during inside bars all right um these are just examples of inside bar entries um you are welcome to screenshot this if you want but again this recording is going to be posted on YouTube so you can look at this at any given time that you want um so what we have again on the left side is just going to be your inside bar right because it didn't break the high or the low of this previous Candle on the next candle though we we go ahead and we get that um we get that um two down break to the downside right actually I think yeah this is a three Kindle three one two so this is a three one two basically I'll get into the compost a little bit later on but this is a three one two because this took out actually no this is not a three on two I think this one was a this is a two on two reversal actually so I'm not mistaken um then we have the inside break to the bullish side right we got an inside candle very next candle broke to the upside so our entry would have been here on this candle once it broke the high of the inside um candle over here that's where we would enter it in so with this pullback and then see how it starts reversing the moment it crosses Above This High that's where you go ahead and jump in and over here same thing but in reverse the moment it crosses you know it pulls back and then it starts coming back down across your entry go ahead and get in that right all right that's it for inside bars one second okay so let's talk about the other actual signal we have hammers so um ideally where you're looking for hammers to be placed is at the end of a downtrend or a lower Trend Series right so basically as you can see in this picture you see how the price action is just on its way down it's in a downtrend and then you finally get the hammer that's where you usually want hammers to be right um for so that you can catch the reversal back to the upside if you get hammers during an uptrend they're still actionable signals but um those are called Momo hammers not necessarily you know just regular Hammers and I'll explain the difference um so the hammer and the open and close of a hammer are usually in the upper 33rd percentile of the candle so as you can see right here you got a big body up at the top and then we just wicking down at the bottom we've made lower lows so we have our broader information right there we got the hammer so you know we just wait to see if it actually is going to reverse in this case it did we get in as soon as price um came back to touch this it did Gap up but as soon as price action came back down to touch this and then I then you start seeing signs of reversal maybe on a smaller time frame enter into that thing and then boom we out right we actually get the the 2-2 reversal we get ourselves a Momo Hammer here and another Momo Hammer there but we're still out um and again what a Momo Hammer is is the same thing as a hammer except it's just in the position of the trend is where you would find it it that's the difference so a regular Hammer you would want to find that at the end of a downtrend a Momo Hammer short for momentum Hammer um we would find that during an uptrend right you find it forms near the highs of a strong previous uptrend um and it goes in force about the high of the hammer just like here right on this Momo Hammer here when price action pulled back the moment it crosses this line you go ahead and jump in and go ahead and ride it up right why do we expect it to work because it's a strong uptrend the Shadow or the wick of the candle represents a profit taking pullback combined with ill-time shorts so in other words what you had here you had the uptrend you had the pullback you had to pull back again right the variables are giving the pullback because they're sorry about that um the Bulls are taking their profits as well as you have some of the shorts who are trying to jump in and trying to short this as well too which is bringing price action or bringing price down obviously um the buyers step back in bring price back up um it's gonna it's gonna Force the shorts to cover as well too and when a short covers that's actually them buying um into the ticket or buying into the stock so that actually helps the the buy side and yeah take off any questions about Mumble hammers or hammers or even or inside bars for that matter before I move on to the next um so hammers at the end of a downtrend in my opinion represent exhaustion right um the downtrend has gotten so low it's made lower lows you have exhaustion um actually let me go back we have they represent exhaustion of the long side sellers combined with ill-time new short positions so the long side sellers are exhausted um giving a chance for the the buyers to step in and bring price action back up as well as again if you have anybody that's going short anywhere around here as price action um as price starts to move back up again that's going to force them to cover which again is them buying in pushes price action or pushes price up okay all right Shooters um Shooters are the same as hammers except that it's in Reverse you have the lower 33rd um percentile of the candle is the body um it goes in full it goes in force below the low of the Candlestick right so here we have um a beautiful shooter right here we get a two up um bearish candle is a shooter right here so um on the next candle as you can see it took out the high of the previous candle but then started reversing and coming back down turning itself into a outside candle right because it took out both the high and the low of the previous candle but the moment It reversed and it crossed the low of this shooter we ended like swimwear right why do we expect it to work because it represents exhaustion of the short side sellers combined with ill-time new long positions right so anybody is on this uptrend right so here we go we got we got the little pullback right here we got the downtrend right then we have a bullish candle so the lungs are like okay cool once you know once it broke the high of this previous candle lungs are like all right let me jump in only to find out that and price just starts reversing on them and it comes back and turns into a shooter forcing them to jump out forcing them to get out and exit their trades right so that allows price action to continue moving down but as you can see even though it went outside still reversed again this was another attempt to take it long and foreign for a short period of time but then same thing you got the exhaustion and then you got the reversal it broke the low of the previous candle and we're out right and if you would have held through it as you can see you know you would have made nice profit off of that put and then um on this next one is going to be Momo shooters again Momo Shooters are mobile Shooters are the same as Shooters except for it just happens in a different place remember the shooters happens after a previous uptrend right so this is an uptrend right here right you get exhaustion um and then you get the you get the pullback or the reversal um back down for the Momo shooter the downtrend is already happening right and why we expect it to work is because it's basically a short covering pullback the shorts are just covering right that's all that's happening and then you also have ill-time Longs as well um so when um when the price reverses and comes back down it forces those ill-time Longs out and then yeah the trend just continues going um all right so that's it for um I'm not really going to touch on this because I'm going to touch on it um for part two of this but that's it for part one I'm going to pause on that slideshow um any questions about anything that we've talked about so far before I get into part two are we making good time yes we are actually good um any questions about that you can either raise your hand take yourself off a mute whatever it is that you want to do because part two is going to be about broad informations I'm going to use Nvidia or or actually you know what I'll do give me if you guys want to throw some tickers in there I'll use um some of the tickers to draw broad informations and then I'll explain um you know what they are again if you need me to um but yeah if you want to throw some tickers out there Chewie mu okay cool so um just remind me that I need to actually you know what we'll do we're gonna open up a new one and we're gonna go with this one all right so then we're gonna come here all right so let's go with Chewie I don't think I've ever actually charted yes I have never charted chewy one second guys hello bearish Chewie by the way shout out to shanty shout out to Shanty let me just say that she know why I'm saying that shout out to Shanty all right well I know she's probably she may not be on this uh call but still shout out to Shanty when YouTube listens to that I want them to be like who's shanty all right um so we can do broad informations really on any given time frame right um I'll do it kind of I'll combine it as a swing Trader so the place that I'll start with the broadening time frame first is actually going to be um it's actually going to be here it's going to be on the monthly um now keep in mind you can have more than one broad information for example there's a broad information there's a broad information what a broad new formation is is again what we're what we're how we're drawing broad informations is we're just going actually let me zoom in so you have to see what I'm talking about all we're doing is just creating distinct lines of support and resistance by going from a current High to a previous high from the top side and from a current low to a previous low on the bottom side right you can have a brand information there there's also close it out right there you can also have a broader information here to there as well too you see how it's respecting on this downtrend you see how everything is kind of respecting that run information you can also have it from well technically from there to there right because this is slightly higher than this high so this is a higher high a current higher high to a lower high right so you can do that um you know many different ways there's many different broadening formations the reason why I don't really draw too many is because honestly it clutters the crap out of my um out of my um my my chart my screen it really does to be clear when we talk candles are we including the entire camo including the Wicks to compare the previous yeah we include the Wix we do um and Rob made a great analogy about that but um wait hold on guys let me know oh if they're sending messages directly to you um I'm sorry let me go back real quick hold on I'm sorry what type of candles do you use with oh this is actually um uh indicator called the Strat assistant um if I'm being honest I really don't I really don't even pay attention to them anymore because I kind of know what a three twos and ones are um this is just something when I first started the Strat uh I kind of used it as a handicap but uh just real quick you can just go click on the indicators and then type in Strat assistant the maker is Ricky Z Carroll um okay let me see uh what type of candles do you use I got that I answered that question to be clear when we talk candles are we including the entire candle including the Wicks to compare to the previous candle or dress the body no we are talking about the entire candle um we want to know where price has gone right we want to know if if it how high it got how low it got not just necessarily the body okay sorry that one caught me off guard my apologies but broad informations um back to Broad informations they create distinct ones of supporting resistance and again this combined with actionable signals can be used to identify points of reversal in the trend also another good way to identify broadening formations is through three candles do we get another chat okay another way to identify broadness formations is through three candles so for example we have a three candle right here so let me go ahead and show y'all what I'm talking about a three candle is a broadening formation but on a smaller time frame so if I want to do uh we'll use this one right so go here to there and then from here to there right now let's look at it on a smaller time frame voila right when I when I when I open it up look at that it's respecting all the higher highs right and then here's your lower lows lower low to a lower low or excuse me lower low to a higher low to another higher low there's your broad information right so let's what if we wanted to drill it down even more right so we have we have another three candle right here oh sorry I'm getting ahead of myself there we go we have another three candle right here so on the weekly right so we go here to there and from here to there right now let's go ahead and zoom in see what's up boom respecting right even when it wakes up like this you see how the body still stays within the range so that still counts right but look how it's respecting excuse me right you have your higher highs up here right and again even if it goes above the broader formation if you can pay attention to how it brings it price action brings itself right back into the range same thing every time that it's touched it's brought itself right back into the range which takes me to another question that I get asked constantly when your broader information gets broken for the first you know I guess couple of times do you immediately erase the broad information no not necessarily if you want to do that that's fine but no not necessarily right because what can happen is is usually when price action breaks above it it's going to come back to retest just like what you saw here it broke above came back to retest broke above came back to retest broke above same thing even here same thing right now when it does finally break what you'll see is that it'll come back to retest bounce off the broader formation and continue going basically like this it'll go up oh sorry I gotta turn off the magnet it'll go up come back down test the broader formation and then we out oops sorry damn it so that's what you'll see it do um so that's the reason why I don't always just completely erase the raw information um yeah so that's that in a nutshell but again back to what I was originally saying three candles are broadening formations on smaller time frames so again let's look at oh damn yeah yeah I forgot I had charted um mu a while back right so again as a swing Trader um you'll start off on the month right so we have a so we have a low to a lower low right and even though the Wicks get below it the bodies are still respecting so I'm okay with that right and then you can go from actually that is not higher than that so then a high to a lower high right there all right good I'm just making sure I'm not missing um and XYZ if you want if you want to like post some of the questions that you're getting DM directly um you know I can try to answer them that's fine um so again we have right from a low to a higher low and then from a high to a lower high what it should look like is a megaphone if that helps make it simpler it should look like a megaphone when it's all said and done right it shouldn't look like this oh sorry let me close this out it shouldn't look like this where you have from this to that and then from this to there right it shouldn't look like that it shouldn't be closing it shouldn't be contracting it should be actually it should actually be expanding all right so again it should look like a megaphone foreign on the weekly you would draw out your broad informations just like normal right so this one is actually a little bit higher than this one so I wouldn't draw my broader information from this high to this High because it's currently higher so what I would do is draw it from here to there and then obviously you can color code it change it whatever way that you want to change it foreign actually the week is not done so I'm not going to draw it there but once this week is done especially if it gets below this three candle it's made a new low so your bro you would actually have a broad information there as well too and should I let me see when should stops go how to manage a trade what Greeks are better for okay the Greeks will leave that alone for now um because that is an entirely different um topic right which we will cover one should stops go and how to manage a trade okay you know what um we can talk about where stops go um for the scrap I'll show you where the stops are because for the stops will depend on your strategy honestly if you're not using the Strat then I couldn't tell you where your stops go because it really depends on the strategy that you're using but um we can yeah we can definitely go from there let me are there any questions of um broadening formation right the only other thing um please type them now as I'm talking the only other thing I wanted to cover is just notice how the price is expanding in this Broad New formation right you get it's coming down it hits the bottom of the broader formation what are you seeing there right remember every candle tells you a story right so what exactly are you seeing here exhaustion right so you've made a lower low right you had a low right here you've made a lower low once it made the lower low this candle made a lower low it exhausted and started coming back in at that point doesn't mean that you enter the trade you just wait for potentially an actionable signal you literally get that on your next candle you get an inside bar right it never It came it started it opened here excuse me price action opened here but it never was able to get below the low of this candle so therefore it stayed within the range it opened here and then immediately started pushing itself back up price action did now you get on the next candles where you get your entry right so here 's where your entry would have been on this inside sorry damn that caught me offline I don't think we'll have time to go over full tempering continuity tonight but we will promise um please you know put that type of stuff either DM us or put that in the beginner beginner chat and we'll talk about the the intraday flip right um and what I've actually been doing is re-watching a lot of videos on uncoupling as well too to help you guys to help you guys with understanding that do you use more recent price action to form your or do I go back for um I generally try to remain recent um but sometimes on the monthly I mean I won't go back like years or whatever but um as you can see let me go here so on the monthly for my monthly broadening formation um let's see I started what from September and I didn't pick some type of purposes just because it's a lower low than this candle right here um as well so like if I were to I couldn't really draw a broad information from here to there because that would kind of cut right into these two candles so it really just wouldn't make sense to do that since this low price action has actually been making higher lows again I know this low got very close but it's still technically a higher low which is the reason why I chose um this kind of but to answer your question Reuben I try to be as close usually as I get into the smaller time frames and drawing broader formations from the smaller time frames um I'll get closer to more recent broad um recent more recent price action hopefully that that makes sense what determines which candle is used to make the phone well yeah I think I just answered that there multiple points to choose from which is best in my question when you buy a swing a week period in two days it loses like 50 do you wait for the comp no 50 I gotta be honest at 50 like if we're talking something just for two weeks I mean if it's only a swing that you intend to keep for a week if it's only a swing that I that I intend to keep for a week I'm really cutting that at 20 25 to be honest with you remember um I don't know if you caught it in the earlier part most of my swings are a month out so if it's like a month two months or possibly three months I might let it get to about 40 percent but that's really the 40 is usually the exception not necessarily the rule it's only if I have hella conviction in that trade sorry I had to drink some water okay um back to where I was right so back to the weekly because I'm going to answer I'm like answering multiple questions at once so the entry would have been there now there are two places that I see stratas usually put their stop loss either the stop loss is going to be right back at the entry where you entered in or the stop loss is going to be here at the low where is it stop loss stop loss is going to be there at the low of the candle keep in mind this is a weekly candle so obviously that's a big range but it would be no different than if I were to be on the daily I would still be choosing that so it's really up to you and what you're comfortable with your entry could be where your entry was so for example once it crosses that entry if it comes back to touch where you entered the trade actually let me clear all this up so it's not like foreign the trade um then you cut it right or if you want to give it a lot of time or if you have a lot of time on it and you're okay with it you know dropping then you wait till it touches your stop-loss down there and that's where you cut it excuse me but for the most part most of them that I know um usually use where the entry is so if you want to keep your stop losses tight I would say entering right if the price action comes back to where you entered um then you know cut it right because then you'll have another opportunity to enter now where would your target be as far as you know your your um your magnitude right where you would take your profit so that really depends on you but there will be a couple different where is it thank you weekly entry magnitude so your magnitude would usually be the the next high of the on in the pre in the range right so if you're high candle if the high of your candle where you're entering is there then if you look back what's the candle that has a higher high than this candle it would be that so that would be your first magnitude but obviously if you're doing it on a weekly scale you probably would ignore that and go for this one first 60 96 right um that would be your first magnitude your second magnitude would be up here that's 7214. and that's where your target prob that would be your I guess your um take profit targets um but for me again you know I'm usually if I'm if I'm swinging a month or so out I'm usually going after the second magnitude not necessarily the first one I used the first one I usually just place an alert on it um so that I know that my uh that my trade is moving in the direction that I wanted to move hopefully that makes sense all right so um let me just clean this up real quick so those that is a broadening formation um let me just run through what uh I think you put Mara out there well let me just run oh spy is probably one of the easiest ones to be honest with you yeah so with spy you know again um actually we'll do it we'll do it we'll do it on the daily right because you know I know know some of you guys are not necessarily swing Traders so um actually you could draw a broad information from right here right you made a new load the day is closed there's your previous um that's that's your previous uh higher low right there right and it's it's definitely respecting right so then you look for on the high side um you can draw broad information from there to there right um or you can even do it really from here to here or even there if you wanted to because that's kind of steep right but if you want to do it from there that's fine um that's really up to you but this would probably be the wrong information the way that I would draw it right because it's still respecting even though even with this three candle it broke up but then price action kind of reversed and came right back in um or if you even wanted to you can even do it on the phone might have stupid but say I bought Walmart for a call today and tomorrow it's five but expire Friday you mean like okay so if you bought it today and then tomorrow it's at a 50 loss is that what you're saying excuse me yes um okay so if you bought it today and it expires Friday um keeping it 100 you should have cut it at 20 percent you should have cut it you should not have let it get down to 50 the Theta alone is going to kill your contract and the Walmart would have to have a huge swing to the upside in order for you to get back into profit um especially at a 50 loss obviously I'm not saying it cannot be done um but the probability of it because remember we're we're focusing on probabilities not um you know the what ifs but probability probably not going to happen so yeah if I were you and I'll let um XYZ give a little bit more information on that but if you're trading something in in my opinion for me when I'm trading anything that has a weekly expiration 20 and then I'm cutting it if it gives me another entry then I'm getting back in but I'm definitely the only time I'm letting swings you know get with the larger um loss percentage is if I am swinging it months out right we're talking like right now it's February so we're talking anything that is April um or later that those are the ones that I would let swing out all right um so yeah that's fine uh drawing abroad information on spy you can even do it on the weekly as well too again all you're doing is just looking for a current high right let me clear all this up you're looking for a current high and then you're rolling back to a previous High right on the top and then on the bottom you're going from a current low to you can go with this three candle here right to another low or for me I like things to be less you know crazy so I would just go from there to there right um but then you also have a broad information from here to there as well too right so you have run information you literally can have multiple broad informations but you keep them and you just make sure that price action is respecting them actually you even have one right here there as well too all right all right um so let me close this out any other questions about broad informations because I just I know okay we got like 20 more minutes so I want to use that to talk about the the Strat combos so any other questions about broad informations that I can answer really quickly all right and Joe just just a recap with broad informations they help us discover price um remember just keep it real simple if it's at the bottom of a broad new formation there's potential for a reversal back to the upside if it's at the top of a broader formation there's potential for a reversal to the downside so boom bottom and then boom top right prices expanded it dropped down into this range hit the top reverse back to the bottom hit the bottom reverse back to the top and that's really all you're looking for right the reversal you get an actual signal shooter reverse and then look at that rundown imagine getting something let me see this is in August and then this goes all the way to October so imagine getting something like for a November expiration or something or even late October expiration all of that all of that put aside oh we right so no you know there as well boom all right so even even in the smaller range it did the same thing Boom come back down Boom come back down so there you go all right um so there's your body front that's what my second question was how to choose this broad information what's the best there really isn't there really isn't a best broadening formation because what you're what think about what you want the broader information for and what you wanted to tell you right as long as the broad information is being respected then keep it right so you could choose to do this one or that one it's fine right I honestly would have kept all three of these lines here right because I see it and then I see that we're getting the bounce off of the top of off of the top of this broad information right and then it came back down and exhausted and then again you have another broad information there as well too so as long as it's affecting it right but after a while um if you get good at this you won't even be you won't even really need that you'll just see it automatically you'll see what it did automatically and then the fact that you're seeing exhaustion as you get better at reading candlesticks the fact that you're seeing exhaustion especially tried here and then try it again here and exhaust it that tells me as well too that we're at the top of a broadening formation um even if like let's say we didn't see all these candles here okay we're at the top of abroad information and we're probably going to go ahead and reverse so there really isn't I can't really tell you like yes there's a right one compared to a wrong one I wouldn't really think of it in those terms I would more think of it as draw it out if price action is respecting it cool right if it's not then obviously that's not the right broad information you want to and again you don't want to enter yet you want to just wait and see what price action does off of that I hope that answers your question that is a tricky question thank you for that I got to figure out a better way to explain that um all right perfect okay so let's talk about um the Strat combos right so uh let me show you this real quick right here so um these are the Strat combinations I think we have this in the training Lounge this um particular sheet but you got two one twos you got two twos you got three two two bearish reversals um three one twos one two two rev strats um and then there's also continuations as well too right three twos but you know basically just remember the combinations right so my advice to you is when I was starting out learning the Strat I picked maybe one or two Strat combos to start out with so that when I come back to the charts I'm looking for those and I'm looking to enter on those only this is going to be this is going to be a marathon this is not a Sprint right so I don't care who called it out if you want to stay disciplined pick one or two Strat combos if it ain't one of the combos that I called out or that XYZ called out our Mo Money called out you stick to your discipline and you don't take the call out what you're looking for are the combos that you picked out after a while once you got once you get better at them then you can start expanding into others right so when I started out mine was two one twos and then I moved to tutus and then I moved to three one twos and then you know you get the point so for here that's why my eyes always go to whenever I see a two one two reversal I noticed those probably first over anything on the chart you got a two one two reversal there you got a two one two reversal here you got a two on two reversal there as well too right because this technically is a two up right so again that's my advice to you you're gonna do what you do but that's my advice to you all right um so let's first start with uh the two one twos um we're gonna go with the bullish two one two so over here we have Neo on the weekly right we have a downtrend right this is a two this is a two actually yeah no I'm sorry I'm looking at it wrong my apologies um this is a two down right because it broke the low of this previous candle so that gives you the two down and then you have your inside candle this is where your stop loss would be which would be the low of the inside Candle on the next candle right if it breaks the high of the inside candle that's where your entry is going to be again this is on a 212 reversal and then your first Target is going to be that 36.79 so let's play it out see what happens boom so on the very next candle we broke the high of the previous candle so we have our two one two reversal right two down followed by the one and then you got your two up right so we're in the trade once it made that once it crossed over that 3478 we're in that trade and we're good to go right so next let me pause here real quick um did we get oh I'm sorry I thought a question came through let's pause here real quick so what happened here even though it Wicked we broke our first Target so technically we could have taken profit at that time once it broke that Target right that's really up to you I'm not I'm I'm again I'm here to teach you guys how to fish for yourself and what a part of that fishing for yourself is not going to be me telling you when to exit a trade if you pay attention to my channel I rarely tell anybody when to exit the trade I'll tell you when I exit but I'm really telling you when to exit the trade because I want you to learn and feel comfortable with you know learning when to exit the trade or when you want to exit the trade I feel that's going to help you to learn how to fish a lot better right so we broke the high we took a Target so again technically you could have taken that uh profit right then and there and then let's just see how it continues to play out right if you let it if you if you didn't take profit this is where you are you've hit your first Target and you continue going going gone right so now what we've done is we've now taken out our second magnitude and now we're working currently on our third one if this was a swing yeah you'll be good you'll be golden all right let's keep playing it out let's see what happens so this is when we pull back pull back foreign yeah if this was like excuse me if this was like a month long or even possibly um a two month long trade this would be an amazing swing right because keep in mind this is on a weekly time frame so I'm gonna stop here because I do have some other examples to show you but just from that two one two Alone look at what we did we entered at the right time we had an actionable signal right let me even go so far as to show you we were at the bottom of a broad information right because we made a lower low this is how we piecing everything together made a lower low so we got our broad information we have our actionable signal I can't show you time frame continuity but once we reverse some pretty short time frame continuity is now showing bullish foreign yeah hit that first Target I'm sorry hit that first entry we got in there hit that first Target it hit our second Target and now we're past our third and we're currently working on actually we hit our fourth at this point don't be greedy take your profit excuse me all right any questions about the two one two thank you for those who are staying with me um he was 17 people the awesome Troopers um all right let me just finish out let me go on to the Uber one so Uber let me zoom in here so Uber this is me showing you the two one two uh to the downside though right so what do we have here we have our this is Uber on the hour okay so I'm gonna use this right so we have our broad information right there on the hour so we've hit the top we've made a new high we have some exhaustion second candle inside candle uh try to push up can do it stayed within the range so now we have our entry we have our Target we have our secondary Target which is down there and this is what our stop loss would be so let's see what happens let me actually speed it up just a little bit boom immediate move right immediate move and within that first hour we took out we hit our entry hard we're in we took out our first Target 2809 again at this point you can choose to take your profit if you want or you can choose to hold if you want to you know depending how long but I assume since this is an hour you're probably using a day trade or you're scalping this right well scalping will probably be on the minute time frames but you're probably going to day trade this so it hits your target right you either take profit or you wait to see what happens [Music] boom we gone right so boom oh well it hit before it turned back green right let's see what else so I'm gonna stop here right because it looks like it's probably gonna reverse back to the upside either way on this candle before it turns green you hit your secondary Target you can get out at that point right the point is even though it later reversed this was a successful trade why because it you hit your entry you got your first Target and then it came down to your second target so at that point yeah if you didn't get out then honestly that's on you all right any questions about the two one two all right moving right along let me close this out close this out all right so we're gonna look at the one two two foreign so this is to the bullish side so we got the one two two to the bullish side right so we have our one candle why because it did not break the high or the low of the previous candle we um follow up with the two non bullish candle right here right it broke the low of the previous Kindle but the Bulls are in control again that's important tells a story so with the 122 reversal that's how you want it to look right especially to the bullish side you want you want the inside candle the next candle needs to be a two down bullish candle to Signal a potential reversal back to the upside right so let's go ahead and play it out because you have your target here and this is your secondary Target up here now again this is on the hour so you're probably going to day trade this good there we go right so I'm going to stop it there I'm not going to play it the full way through but you hit your entry you hit your target right you got a Momo Hammer right here signaling that again um Momo Hammer is during the uptrend and what you have is a profit taking pullback combined with ill-time shorts right and then what happens on the next candle we take out our secondary Target um and yeah at that point get out or if you want to hold them see what it does let's see yeah so you still so yeah you had a chance to take profit up here I definitely would have taken profit off the second candle just seeing how you get to um two signs of exhaustion right there so something right there would have told me like okay maybe price action's not ready to get above that so I'm going to take profit and then see what happens because we'll get exactly what happened okay so that's your one two two uh bullish reversal any questions about that all right so let's talk about the one two two um bearish reversal right so here we have a one candle right because it didn't break the higher the low right so we have our entry after we made a we have a two up candle with a lot of exhaustion it's still technically enforced but it has a hell of a lot of exhaustion right there after making the higher high you can even draw a broadening formation on the oh my bad excuse me sorry you can draw broad information right and made a new high it's being respected so let's see what happens play it out there you go it's your first Target it's coming down didn't quite yep there we go now we took out the second target now we took out the second target so you can continue or you can wait to see if it takes out your third target which is down here um but again you could have taken profit at the secondary Target Boom for help yeah look at that nice trade amazing trade right uh so that's the one two two to the bear side just you know pay attention again this is your entry would have been here right because again why do we think it could potentially reverse all the exhaustion from the high side as well as it made a new broadened information on the hourly as well too but you see how I'm kind of combining these things together um for potential at a highly probable trade right so it doesn't matter what the time frame you still want to combine the broadening formation the time frame continuity as well as the um the actionable signals the potential actionable signals yes this is not quite a shooter but the fact that you see this much exhaustion the way you would if you see a shooter that's what kind of should be like oh well hold up you know this is kind of drawing my attention here doesn't mean you enter on this candle you just wait to see what it does it gives you that 2-2 reversal that one two two um reversal to the downside yeah we enter in on that let's go okay so that's Apple now let's talk about three two twos so here we have a three candle right why because it took out the high and the low of the previous candle right after it took out that low the next candle was a two down bullish candle so we're looking at a potential three two two reversal back to the upside three up sorry excuse me three candle followed by a two down preferably a bullish candle two down bullish candle and then what we're looking for is a two up candle um for that three two two uh rev strap back to the upside so uh again just playing it out foreign there we go we finally hit and there we go we got the two up candle we took out the first Target so again you could have gotten out once it hit that first Target on the week or it depends on how long you're swinging um you can wait to see what it does next right because that's going to be your and it hits our second target as well um honestly I probably would have gotten out at that point once I hit the second time the reason why is because look at where your next Target is all the way at the uh I probably wouldn't have expected price action to get all the way up there so I would have gotten out once it hit that second target of 31.71. foreign bullish reversal let's look at a bearish one which is Ford again three candle y took out the high and the low of the previous candle right we currently have a did I do that right no I'm missing one I am sorry guys I'm missing one but I can find it give me one second apple on the day Let Me Clear you out a couple of the day 11. 11 18 2000 good thing I took my notes ah Here We Go There It Is your 322 reversal right so your 322 reversal to the downside you have your three candle why because it took out the high and the low of the previous candle you got your two up bearish candle right because that is still a bearish candle even though you got cats kind of hammerish and then so your entry would have been here stop loss would have been up here and then your target would have been right here that would have been your target right so again this would probably would have been a test of your patients because it did break so you're in but then as you can see the three candle brought it right back into the right back to entry so if you're using your entry as your exit then you would have exited the play however if you're using this as your stop loss you never would have exited the trade and then eventually it does go in your favor it hits that first second and all almost third well it depends on how long I mean yeah I mean it depends on how long you would have kept the trade it depends on how like if you had like a week or something not a week I'm sorry like a month or something because this happened in November end of November no yeah middle of November so if maybe if you would have had like January puts then yeah because hell it takes out a lot of your targets actually and then we get a little profit taken pullback and then there you go you get another you actually had another ad another entry um if you were still in the trade you would have just added nope wrong one sorry that's uh magnitude so you would have had another ad right there as well you know you could have wrote it all the way down to here depending on how how much time you would have had on your contract but yeah um this Con this play would have been a lot of patience honestly because again as you can see um it didn't hit immediately and the it and even up here it brought it back to where you entered it so it didn't hit immediately as well too you would have had to add a lot of patience with this trade for it to finally get what you wanted excuse me okay so now we're gonna talk about um Ford Ford is actually showing a 3-1-2 reversal to the upside I'm just going to play it out because I just talked about it you see what the targets are and there you go took off already actually on The Daily so yeah um it hits your first Target let me pause it there but as you can see it hits your first Target it hit your second target it just oh it did actually it did actually hit your third target as well too um for SNAP same thing but just in Reverse right we have a three candle we have the um inside candle a lot of exhaustion right as you can see price action does apparently cannot stay up here it's you know it can't even stay up here so we'll see what happens play it out boom hits that Target that first Target and gone right just calling look at that and this is on the hour so you're day trading this so it took out your second target it's now coming down to even probably take out your third but honestly I probably would have taken profit um somewhere in between oh but wait a second oh there yep now you definitely can take profit boom we out foreign but that's beautiful just off of a three one two um reversal simply because you saw the exhaustion right because I mean even hell you could even have drawn a broad new formation right there high toward lower high right so yeah I'm hoping that this is actually helpful to you guys in making sense um close that so we just have two more and I think I will save no no we can finish it off y'all still here we can finish it out um let me see how many uh oh [ __ ] 15. wow you guys are really awesome Troopers for real for real um XYZ if you gotta go because I know you know if you gotta go it's okay I get it um I can finish up with them all right so palantir is gonna volunteer is just real simple it's just two two reversals right so we have a two up after making a new high right um this is on the daily cell phone right so we have a two up candle but a hell of a lot of exhaustion after making a new Hive right so when you see something like that you should be thinking like okay potential to reverse back to the downside just potential though right just potential Okay so again we're not subjective so you would not have entered anywhere on this kind of but Kevin it's coming all the way down there's so much exhaustion I repeat you would not have entered anywhere on this candle you wait for it to close and then you wait to get your reversal there's your reversal it even pulled back to give you time for that entry right so you hit your first Target my bad you get you hit your first Target you took out your second target as well too boom right so beautiful profit right there especially if you would have entered in on the nine foot beautiful Target right I mean beautiful profit right there all right so yeah um and this is a daily so again you could have sorry um you probably could have grabbed the weekly on this right because it's only been uh what's it one two so what three days yeah it's only been three days so you probably would have if this was a Thursday you probably would have grabbed the 224 expiration date 9p 224 expiration date and boom Camp sorry guys um so with Walmart it's again it's going to be a 2-2 but just again in Reverse right so we have made a new low Walmart obviously there's a gap there but Walmart you know made a new low so we can draw our broad information from there to there oh my bad y'all from there to there and as you can see over here when you look over backwards it's kind of respecting those Wicks right you know abroad information can still be crossed but look how it's kind of playing support here and when it comes up to access um resistance there comes up again resistance resistance and then over here it's kind of acting as support right you kind of have to think about run informations in that respect as well too right they show us where potential reversals can happen but they can also act as resistance and support as well too right so again resisted here came back up finally crossed over now that we're over and coming back to retest now it's acting as support let's play it out and see what happens boom right even though that's a three candle if you would have had the patience for it actually that was earnings wasn't it I think but either way if you would have had the patience for it you would have taken out not only your first Target your second Target and I think your third yep you took out your third as well too the 145 or the 150 would have been an amazing um contract even though it didn't hit the 150 it still went in that direction so would have been amazing contract to get I believe so there's your 2-2 reversal right um if we just rewind back to this bar that's exactly what happened we had the two down and then we got the 2-2 reversal back to the upside after hitting our broad information foreign ly put it all together real quick Nvidia my baby my bottom you know what because she's like yo she has been I think I'm gonna like Nvidia round five and I cannot wait for price I cannot wait for the market to open tomorrow because I definitely grabbed those calls right before right before um right before contract and I sorted like if y'all would have seen me I would have laughed at me because I raced off of a video conference call just to catch it with like the last 10 minutes I'm like let me grab it now you know I'm not gonna miss this one at all um we can go through up all the day yeah McDonald's I gotta get a piece of that action um y'all been eating off of that for a minute now I just keep seeing McDonald's McDonald's I'm like yo okay so here we have Nvidia right so I'm just gonna put it all together as if I'm the one who is trading it so again as a swing Trader I am starting from the month I am making my broad informations right on the month so so far what we got is this and that right that's my broad information there on the normally I would Mark out what the monthly and the the monthly entries are as well too but I'm not going to do that in the interest of time um I love some toxic Nvidia you know what I'ma say this in the beginning and video was toxic but for some reason there's just been real Clarity with Nvidia over these past couple of months like I can't explain it I'm reading her like a book because I've been profiting off of her for both calls inputs so she not really toxic to me right now we really robbing y'all know what I'm talking about when y'all find that ticker that chart you just read it so clearly that it just makes sense so like even when she does her little crazy pullbacks that she does I know I don't know I can't explain it I know what's real and I know it's not I know what's a real pullback versus like okay you just volatile right now that's it I don't know but anyway that's I can't explain it better than that um so I'll also draw up my weekly broad informations as well too um boom boom right and then we also have the daily actually the daily is pretty damn they're similar to so I'm gonna just leave it alone I'm gonna leave it at the weekly and the Watchman call it right okay so on The Daily what we have is we have a run-up and then we have a we have a pullback right so a couple things that I'm looking at we're in the middle of the broader formation we're not at the top so we're not necessarily um y'all finally communicate uh yeah yeah I guess so I guess like in the like I would say I won't even look at it that way because when I first started trading Nvidia I was for I was also First beginning with the Scrat so I could more say it was me who didn't understand Nvidia because I wasn't fully versed in the strap if that if that makes sense um all right back to Nvidia on The Daily right so we have the run up we have the pullback right so we're gonna go ahead and Mark out what our entries would be so daily entry here and then my put entry would have been down here right because we're on a pullback right so either we can continue pulling back and you know um this would be where my uh Target would be to the put side and this is where my target would be um to the call side right once it triggers 171.97 my call would be 178.78 or that would be my target that I'm looking at um if it triggers to the downside 16731 that's where my um daily trigger is going to be the 161.65 so let's play it out and see what happens oh a couple other things I'm looking at right besides the broad information yes this is not an actionable signal as well too right because we don't always have to trade on actionable signals let me just be clear on that what I'm what my mindset was on this is that we have a potential for a tto right and I'll get into later videos on what a tto is I've actually done a video about it but now that we're doing the classes I'll talk about it again that was my thought process that we would do a tto right kind of like what happened here right run up pull back doesn't really take out below keeps going TTL to the upside run up pull back tto to the outside so excuse me that's what I'm looking for here I'm looking for a pullback TTL to the upside um as well as you have full time frame continuity in bullish favor weekly monthly and quarter the daily is read and actually I get excited when I see that because all that means is the moment that we break this candle when we break to the high of this candle this flips green and we're literally entering our trade into a full-time frame continuity all right so let's see what happens boom I'm gonna pause it here there's my entry once it hits it's already taken out my first Target and what do you know that day is now flipped green so we have entered into a trade with the trend right we tto'd right the tto back to the upside we got a two two reversal as well so all things are pointing bullish right and that this is a swing you just continue letting it go gone ain't she pretty like just just look at her just watch her go literally sat back I think this is where I enter where I exited the trade but yeah I could I could have just let it keep going because as you can see it just kept doing the same thing over and over again that's all Nvidia has been doing run up pullback dies run up pullback dies run up pull back dies it's just yeah until it touches that Weekly broad information that's all it's been doing even now even now today right let's fast forward all the way to close this out right all the way to what happened today right pullback that's all that happened hold back and then now it's somewhere in like the 225 so tto that's essentially all it did and videos of Beast good God she's so damn pretty anyway um I hope that this helps and I'm serious if it didn't help please please give feedback as to what would help you guys I appreciate you Troopers that stayed out State um stayed up with me um this is going to be a long video so it's going to take some time to convert so give me some time to post it I'll probably post it somewhere tomorrow either in the morning or when I get off work um and I'll just you know leave it open to any other questions like any lasting questions that you may have but seriously I really sincerely hope that this helped what we talked about we're going to have more um gems you know again each I truly believe each one of these each one of the admins they have so much knowledge to the way that they trade that it I believe that if you really pull from every single one of us you you it'll turn you into a super Trader I'm not trying to be corny I'm really I really believe that so um I really do hope that y'all understand um some of the things and the concepts that we talked about um you know but yeah I'll leave it open I'll shut up for a second maybe we'll I'll leave it till 11 20. any questions that you have you can either take yourself off mute um or just ask the questions and you know we'll shop it up I don't know actually there was one thing I don't know if that guy I can't remember who was it that DM to me but upstart had asked me about that today um so yeah what they were they were asking like what was it that I saw so when you take that away this is what I saw right I hope he's on the call but yeah what I saw it was you had the broad information right made a new low exhausted two down bullish candle not quite a hammer but two down bullish candle full-time frame continuity right so yeah just Mark out the entry and yeah ah okay cool yeah that's that's what I saw right I didn't have time to fully explain because I was at work but this is what I saw you had your daily broad information the bottom of it right you hit exhaustion the next candle um was a two down bullish candle showing that the Bulls were in control which to me signaled the potential of reversal and then after that you just Mark out your target which was 1929 and then I marked out the monthly entry which is 2070 and the weekly entry if it ran up I had no intentions to swing this I'm sorry if I didn't put that out there but I had no intentions to swing this it was really just going to be a day trade and yeah I mean obviously you see how far how high it got up to um which was what up here at so it was like I think I got out with like 80 something percent when it started pulling back like 83 or something like that but it got all the way up to like 102 104 somewhere around there and that was quick money because it did that in like the first 15 30 minutes so yeah it does I'm actually thinking that because I think this is the Catalyst Disney in my humble opinion I think this is the Catalyst that takes it above 230 and we start looking at 250 range but we'll see what happens we'll see what happens I it needed a catalyst to get above 230 the first time and I think this is that catalyst all right okay so with that being said um you know love peace and chicken grease you all have a great night of every single one of y'all see y'all in the on the Trading Group