Transcript for:
Trading Boot Camp Video Notes

let's get started all right so we are currently on Zoom with the Discord we did not trade today um but a lot of people asked for this um this boot camp video so we're kind of doing it hand in hand okay we're kind of like back testing with the Discord um uh uh so we'll get started on this and since we didn't trade today um honestly figured it's a great time to do this so with that being said we'll go ahead and just put out our lines um so and Mark it opened okay um and yeah we can go ahead and get started all right so obviously this is going to be in hindsight but that's how I like doing back testing anyways if you guys have seen the back testing boot camp video that's kind of how I like to do it um I like to just do like spotting things and like how we could have traded um so we'll go ahead and do that obviously weekly bullish daily bullish we recently came into this daily order clock and then we see price rise from there okay we finally got a breakup structure to the upside on the four hour um with this Candlestick right here push past that all right um on then on the one hour we continue to be bullish all the way up okay so pre-market we were kind of permabolish um on every single time frame we did have CPI today um any draws on liquidity not really um besides like this 15 minute high but even then not so much what can we see we have this imbalance right here where we see price honestly reacting off of right now um if we go on like a higher time frame let's see if there's anything over here not much going on over here so again this is kind of why I like to avoid CPI days um because we get the this is when news came out right we see price rip um and then we make this imbalance we see price draw towards their um right after market opens we fall okay um I guess you could call this break structure filling this order block rallies into boom this imbalance and then we get a break of structure to the upside off of this Candlestick boom this is something that you probably could have entered long off of right because the four hour bullish one hour bullish daily bullish um and but the reason why I don't like trading on CPI because most the time the move has already been made see how this is just low volume and it's just not really moving um yeah it like this is just um it's not moving uh or it's it is moving but it's barely right compared to right CPI comes out makes a 27 point Move versus like when our or even from our entry up to where we would be at now four point move or even from Boom the imbalance up till here 12 point move right versus just that one CPI candle this is usually the majority of the move so that's why I don't really like trading on news especially if it comes out um pre-market because odds are one market does come back and get open like this probably would have been the trade that we saw today but it wasn't within our bias so this is like a perfect example of how of a time that we wouldn't want to trade right I saw a lot of comments also asking me hey like can you go over trades that you wouldn't want to take this is a perfect example of this why because our daily bias was bullish the four hours bullish the one hour is bullish 15 minute at the time was bullish okay and then we break structure the downside on the five minute yes we come into this order block and then continue but it was short-lived right we just it was a retrace for the hourly time frame um you know what what other things can we use and Confluence with this boom equilibrium it came within there um that's uh and that's and that's pretty much it so that's how I would have traded the s p I probably wouldn't have traded at all and if I did take a trade it would have been a long off of this five minute break um we did have this 15 minute break of structure to the upside right over here continuation showing continuation on the hourly this is something that I always talk about so like when you get a break of structure let's say on like the 15 minute let's say we get a breaker structure to the downside on the 15 minute but we're in an uptrend on the hourly odds are that break of structure is going to be a retrace for the hourly see how retrace on the hourly 15 minute break of structure five minute okay very similar right if we get a break of structure on the five minute usually a retrace if if right if they're if they're contradictory right if the 15 minute is breaking structure to the downside and the hourly is bullish it's probably going to be a retrace if the five minutes breaking structure the downside and the 15 minutes bullish probably going to be a retrace not every single time because there's liquidity sweeps and there's change of Market Market structure and Direction um but it's just something to take note of right so like on the S P we had a perfect example of this over here right we got a break of structure to the downside on The Daily and on the weekly it was just a retrace um so that's always something to keep in mind that's something I've I've learned same thing with like the hourly you see breaker structure the downside on the hourly odds are to PL probably be a reach race on the four hour okay that's why higher Thai friends hold higher power within the market okay so that's the s p kind of aim botted down we'll go ahead and move right on over to gbpj py now boom boom Okay so Forex track kind of marked these out okay but first let's go over daily bias okay so we again this is a great example bro structure to the downside on The Daily we already seen this first bullish or sorry first bearish candle on the weekly we see the break of structure okay boom we're we're bearish we're bearish daily bias um and we're retracing on the weekly okay so this is something where like the weekly our retracement tools are very beneficial right what do we have here for Value Gap where price can likely draw towards we have equilibrium which is right right around that fair value gap which price can draw towards um that's kind of like all I see there but moving forward right we see the daily moving down let's go into the four hours see what we see um not much on the four hour still bearish bias if we head over to the one hour not much again still bearish bias so every single thing is telling us bearish including the weekly because we're retracing down into those areas so what could we have done today let's go ahead and Mark out those levels what was this Asian session I got the Asian session High and then this is London session London session High um and then we also have the the sort of London session law right there not really okay so we don't see this get high get pushed into during London session um we do see the London session High get pushed up into during New York session barely hits it whether or not yeah you know whether or not you consider this valid or not um that's up to you but you do end up getting that breaker structure to the downside okay you can short purely off of that or wait for price to react off of the order block right off this candle okay short position stop above there where can you target previous draws so we've like that as they draw um you'd have to go into a higher time frame to move over here to see what else you you could do you do like the top of this thing as like an order block that hasn't been hit yet and then you could do like boom liquidity here liquidity here and you can also use just like the daily you could use like this low right here um as like the start of a new fair value Gap all that stuff okay so that's how I probably would have traded GJ right um not much on this we had we didn't really see any like liquidity sweeps besides like just taking out these 15 minute highs um so that's it on GJ let's move forward to the gold um um um all right so this is so we have the Asian session High we have the London session low okay um and then let's go ahead and look into gold so gold bearish on the weekly um still technically bearish on The Daily although odds that we close above here on The Daily time frame are pretty likely right odds that we break structure on this in the next three hours are very likely um but again something to keep in mind for bearish on the weekly or bearish until we can close all the way above this high up here so we still have a ways to go on this um so like bearish on the daily but like kind of not really anymore um four hour we were bullish pre-market if we look into the one hour we were not necessarily bullish on this this is probably a trade that I would have avoided um just due to the fact that we have a bunch of countering countering things right so we're bearish on the weekly but I mean at the time of Market open we were bearish on on The Daily but this huge candle um is obviously showing previous price action or after market opened um but bullish on the bullet bearish on The Daily bullish on the four hour and then bearish on the one hour you know you probably don't want to be trading under those conditions um so with that being said I probably wouldn't have wanted to take a trade off this but uh we do see our Forex strategy worked pretty well here we see these London lows get pushed into and then we see Boom the break of structure right here which honestly probably isn't the best thing to trade because this was right during CPI um so you probably would have taken the trade there if there wasn't news and then Target um Asian session highs and then really anything else like find a weekly retracement tool if you do think price is going to go up and that's why I'm saying this isn't a good trade to take because we wouldn't have taken this anyways because there's too many conflicting biases um but yeah that's how I probably would have traded gold today let's go over to you know all right um here we have Asian session highs Asian session Lowe's London did not really make any highs this was kind of like I guess you could consider this the one in session high but this is like what even this is like a perfect whoever traded trend lines Made bread during lunch session on this um but yeah there's not really a London session High um you could like consider this the London session low but again I wouldn't even want to consider that um this is again like a kind of a shitty price action oh wait what happened this is kind of like a shitty price action um type of day uh but we see price let's see we see price take out London session lows break structure the upside rally into these Asian session highs and then obviously boom we take out liquidity price Falls a little bit fills this imbalance pushes higher um this if we look at the daily bullish on the on the daily bullish on the weekly we've been saying this about gu we said our next Target area for GU was the top of this imbalance that's been reached now um like I I I've been saying that this [ __ ] like that I don't even have to say this but like you know I said that this would happen um anyways we broke structure the upside we were bullish on the four hour we were bearish on the one hour um but for me that probably would have just been looking for a four hour retrace but this probably wouldn't have necessarily given us much because no fair value Gap no order block no equilibrium not necessarily a good spot to be trading in um and this is just one of those things where we probably would have avoided trading that day so gold and gu avoided it um probably would have avoided trading GJ could have caught something good s p you know maybe you could have caught something good but just going over what we saw today kind of goes to show um that trading during CPI is not necessarily the smartest um because you're getting a super low volatility move uh um anger also just you're you're trading way later into the session than you need to be um so that's why we avoid it all together but tomorrow we'll hop on Zoom uh when PPI comes out so I'm gonna wake up extra early go to the gym at like 5 a.m um Grind Time um and then we'll we'll get on Zoom pretty early and we'll watch like as PPI affects the market and I honestly think we'll make that a boot camp video too like watching news come out together and then like I'll make a video on like how you can trade news or how you can chart during news to increase your confidence in your own trading I think that would be pretty cool that would be pretty beneficial so with that being said that's our little um Zoom markup today I wanted to do back testing with you guys but after going over what hap like the CPI stuff today um I'd rather do it on like a more regular trading day so like we take our trade for the day um like so tomorrow it won't happen either but like maybe on Friday on Friday we can make that the boot camp video where um we like maybe I start the YouTube vid where I'm like explaining you know oh this is like daily buys this is this this is that and then um after that we show like what trade we took and then I also get some of you guys on here to go over your guys's analysis on um certain Pairs and stuff and I can kind of like critique and Coach because I know a lot of you guys asked for that so that being said that's a little back testing or just Aimbot practice um as I would call it tjr on a CPI news day um that being said I'll catch you boys tomorrow um Discord jits I'll I'll see you guys in there um and people on YouTube I will see you guys actually watch this video and then watch the Vlog that's coming out today it'll be really interesting hopefully I can't oh I have a gym Vlog gym vlog's coming out today so that'll be exciting hopefully I'll look jacked if I don't I got a couple more anyways that being said I'll catch you boys