Transcript for:
Greg Levels Methodology- Effective Trading Strategy and Charting Methods

okay guys so let's going to start perfect so this is my basic one okay this is how I start every single day before any trading session get my daily um 4H hour levels those are the only play I CH daily um 4 hours I don't chart anything else I used to chart 90 minutes I used to chart H 1 hour but you know with experience I have seen that daily and 4 hours are more solid level for me right now I have been using it for around uh I I could say two months only stayed with this two time frames say on 4our levels so every single day I do this okay this is a this is my start okay that's that's what I want to start first I want to I I try to do it simple as possible it's a easy system to be honest on trading simple equal more money if you start getting too complicated you want to start losing money so try to make it simple guys a simple as possible that's what I I have learned in this game okay as simple as possible so okay daili and four hours so let's see second slide summary of the class of today the rules how to identify and how to chart okay so let's go back to the rules as I mentioned before only daily and 4our time frames to be charged that's what I do you guys you know after test the system if you find in one hour two hours 3 hours you can do it guys you know it's it's it depends of what is more comfortable for you for me more effective I have found is daily um 4 hours time frame so this is really really really really yes Andrew yes H this is a a important rule you need to have QQQ together with NQ they move together okay so you cannot have minimize QQQ you canot have QQQ and the other side no they need to be together because levels on QQQ are Respect by NQ okay so you need to have QQQ chart too that's why you see that every single morning I share with you QQ levels and NQ levels because you have to this is a m have okay you need to have so if you don't have it please do it because okay you you can have a bounce label on mq and you are confident that it's going to bounce there but what about if you have AQ resistance just about you're GNA get killed by QQQ so that's why it's important to have QQQ next to NQ so in my system like I mentioned before as simple as possible so I only have QQ and inq I don't check anything else I don't check spy I don't check SPX I don't check Nvidia I don't check Tesla no I used to but you know I used to lose a lot of money because of that because too much confusion too much information so as simple as possible guys as simple as possible that's my better advice okay less is more that's correct do I have Spanish educational content not for the moment dakot for the moment okay so going back to the PowerPoint you know I try to keep the PowerPoint as simple as possible because I don't want to be killed by PowerPoint guys I hate it you know I hate when you go to a presentation and some give you a powerpoint with I don't know we 50 slides a thousand of words and to be honest you're going to get sleep so going back to the rules okay so if the level has been mitigated during New York session this one needs to be removed for the next session so you charge your levels daily for hours that's what I do if during the session this level has been tou mitigate col it whatever you want I will delete these levels for the next day if the level hasn't been touched leave it leave it okay there a chat closing my time frame mitigate yeah uh I'm going to go back yeah yeah I'm going to go explain slowly okay I will explain what I chart I have some examples too okay so let's going to go slowly it's going to be on the same page okay so the second most important rule if the level has been toed mitigated call it whatever you want has to be removed for the next session okay third point for me this important to maintain color code to avoid any confusion during the trading session guys this is really important okay that's what I have learned from experience you know how is the trading session you can be under stress distract and so many lines are together you have to have a way to identify the most important level in my case daily levels are the main ones are the most important so reason why I start doing the color code easy for me to to understand why I'm doing the trading session because if I if I have a daily level and I have a 4H hour level I will prioritize daily level that's why I need to have different color code because I cannot keep be jumping between daily and for hour to see okay this is a 4 hour or daily level no you don't have time for that okay that's why you need to prepare for the session before opening and my best advice to you use color code any color you want blue purple green brown yellow any just make your Cod believe me it will make your life easier yeah the session is being recorded right now it's recording right now okay okay this is another important rule do not do not take a trade right at the toou of the label because you know basically what I do is levels are used for me to see price action because I know it's an important point when the price is approaching to those level so what I do is I wait I don't jump straight away to if it's going to bounce I'm going to go straight away to to make some loans andq loans no I wait and see the reaction in this point so do not jump straight away right at the toou okay so sometimes normally works but from experience I wait I wait and I observe price action first see what is the guy telling me hey I'm gonna bounce hey and I'm not going to respect this level and I'm going to move to the next one below whatever so that's why I prefer to wait it's a better wait it's a better way watch price action see the volume at these levels and after you are convinced take the take the trade you know please explain see okay let's going to start with Andrew do you prioritize QQ daily levels it depends Andrew okay so because ER normally at opening it looks like a QQ start taking control okay so if you have a level a q NQ level and you see that the price is approaching to this NQ level and you see QQ that another level is just below the inq level I in my case I would prefer to wait the price action at NQ level expecting going to QQQ level that's what it normally happens you know when you have two levels like that QQ will take over and will go to the level could be daily or for hours so that's why I prefer to wait what time frame do you watch price action I watch price action normally in one minute and five minutes and sometimes I also watch two minutes especially when it's too choppy but normally I trade between 1 minute and five minutes why do you prefer trading QQ and NQ over spy yes man I I just get used to to the personality I going to call like that of andq the way it move the way it react I already get used to that that's why when I when I switch to es is too slow for me I cannot I cannot I cannot trade that to be honest that's why I only keep on mq like I said at the beginning simple as possible that's the most important as simple as possible the less you watch the more money you make so my advice is get the tip that you like more get used to and keep going do you say that there is a level on and you go with if like I said before if you have a NQ level let's say 4 Hour level and you have a QQ daily level just below the 4our NQ the most important will be the KQ one that's the most important one so I normally I wait for the price to toou daily levels whatever tpq or whatever NQ so always focus on the daily ones normally I use four levels 4our level for price Target as well or for training points that's also what I use 4our levels okay so like I said do not please please guys do not take the trade right at the toou of the level please wait for Price action wait for what the price is telling you okay I'm bouncing here hey I'm keep going down look at the volume and just cross your level I don't care I'm not going to bounce I'm GNA keep moving down that's what you guys need to see okay that's why you need to watch please don't jump straight away use the daily levels and 4 Hour as directions okay like a next Point next point if you see the price is bouncing in our daily level you have a good profile bounce good volume good candles bouncing you know what is your next Target will be the next daily above or will be the next 4 Hour above so use the levels as points triming points or Target points that's what I [Music] do yeah yeah like I said before labels are heading price they going to call it like that okay support and resistance you can you can use it as support a resistance normally they work but my way my way of using it is Target points Direction points where are you going what are you telling me if I am in a trade what is my next point oh let's say inul hey I have a daily level uh 20 points that will be my Target price because I'm expecting a reaction at this at this point how do you organize level from previous days yeah like I said before ER is on the rule here if the level has been toou mitigate during the New York session you have to delete it for the next one if still okay leave it for the next day until the level is to or mitigate just that's what I do leave [Music] it let me see questions excuse me if I'm too slow with the soon it's my first time using soon as host to be honest right and I only have one monitor next time I will try to get another monitor Okay so perfect so another chat on the same session okay Miguel on the same session I trade I can use the level several times because they will work but after market close delete the level forget about it okay if if the level has been touched forget about it no I normally try I I have a big TV but when I'm trading so I have the my laptop and I have a big TV connect to my PC but right now I'm know I'm not able to have the big TV so big TV is busy for the moment yeah I need to I need to make a proper trading setup and and just so comfortable like this haven't about okay guys going back daily levels are the main ones okay daily levels are the main ones these are the ones telling you what's next okay so if you have a 4H hour level and you have a daily level the daily level will have the priority okay that's the most important one how to identify okay for daily levels you will Mark preview day previous day close and open and previous day high and low I have some I have examples I will show you I will show you in a moment um for 4 hours Mark only the candles with high volumes you will mark open close and high and lows okay so I'm going to talk about this point a little bit okay before I used to charge all four hours candle that I could see from my experience I have learned only Mark the 4 hours with high volumes the candles with high volumes and since I start doing that my charts they look clean and it's easy for me also to to see the price action and they work they work so only Mark the candles with high volume regarding four hours if you guys doing 3 hours if you guys doing two hours if you guys are doing 1 hour check check check and Mark only the candles with high volume seriously and check back test if you don't believe me go back on your chart and back test back test and you will see that the candles with high volumes is where you have more reactions okay and your chart will they will look clean I will show you now my man what what you consider as a high Val I will show you an example I see we up recording which one are you talking about I don't know what you're talking about okay no worries perfect so it's going to focus guys okay I'm going to repeat again for daily you will Mark previous day close in this one the volume Ru the volume rule doesn't matter okay you will I I Mark every daily candle okay that's what I do no matter the volume for 4 hours I only Mark the candles with a high volume okay I show you some examples uh okay JJ I used to I used to do it before you know check supplies and demands but no I stopped doing it after I found this strategy I am I stay with this one I used to do it before but not good experience to be honest so I I I stopped using it how far you you going on the 4 Hour a couple of day uh I will show you how far I'm going what I what I do I can do with real examples I I will show you okay let's be patient so as I mentioned before it's important to have a code a color code a pattern whatever you can call it because when you in a session you are under stress okay you are Focus completely in the chart so you cannot keep checking stuff extra stuff so you need to help yourself before Market opening so make a code okay I will use this color to identify daily candle I will use this color to identify for hours levels I will use this code to identify one hour level because it's the best believe me it's the best so in my code I use red to identify the latest daily open and close the latest one okay previous session I use purple color for previous daily week from the from the previous day I I Mark the high and low with purple and white I use for daily candle for all daily candles that has not been mitigate I use daily for open and close and white dots for the daily weeks for those old candles that's the way I found to to identify my my trading one yellow I use yellow for 4 hours open and close high volume candles remember 4 hours open and close for high volume candles and jellow dots for 4 Hour weeks high and low for the same high volume candle for our candle easy easy I don't use another color I I already know that red purple white are the main ones so every time in the morning that I'm planning my scenarios I focus on these levels that's what I see to make this a scenarios I look the proximity of these levels and make the scenario so yeah uh do you have a higher priority for the like I said red purple which is previous close is the main one if you see my scenario if you are on the team ball check the scenarios and you will see purple and red is where my scenarios are playing are taking place because those are the levels that are detecting the the course of the day 90% of the time red purple are the ones telling you eight and doing this eight and doing that for me that's the most important at opening okay okay guys so I'm going to jump to the examples but before I continue do you have any questions about the rules about the code that we have so far why not use red dots ver it's I can use it I already I already you know set my system with purple line that's it this doesn't matter to be honest I already got used to that so okay guys so jump into how to char daily perfect so okay on the left side as you can see I have QQQ on the right side I have mq okay so can you see this green candle here daily candle this is the one from Friday same here on NQ this one here okay PR day and day yes yes Hoy you're right would you say has Le it depends brid it depends of the day you know sometimes spice is it's okay sometimes C okay and spice Choy so it depends of the day you know okay so as you can see I have my green candle from Friday session I Mark the da the previous day low with the purple previous day high with another purple we have the open with the red line we have the close with the another red line here so forget about these yellow ones okay for the moment forget about QQ than you I'm sorry same same low purple high purple open red close red okay so that is my some chats okay so okay guys so going back to the chart that I have yeah so that's the way I chart the previous day session okay so and later on we will do the example with the with the today session we will chart together okay this is just a one of the example that I have we will do a a real examp real exercise okay after finish with the slide okay so how to char 4 hours so when you go back to 4 hours chart you see already I already have my daily ones purple red red purple and for Q is the same so for 4 hours like I mentioned before and I start focusing only on the candles with high volumes and chart them okay so for example in on on this one we cannot see much but on mq you have a perfect example you see I make a mistake this one to be supposed to be jellow dots it's okay so you see this candle here on NQ 4 Hour candle look at the volume you see the volume so I Mark the the low week and I Mark the opening here why I don't mark this this close and and the high week why why not because what have yep correct Andrew because he toou so normally the daily levels I charted at n before going bed I chart the daily levels why I don't chart the four hours levels at night because so many things happened during the Asia session London session so I stopped doing that so the 4 Hour levels I Char them in the morning 1 Hour 1 hour and a half before for Market opening I chart the 4H hour levels because you know I used to chart them at nine as well and during the night they are mitigated they are to several times so they were inated for me so that's why I stopped doing it because daily levels they will they will be respect but for hour levels if during the night they has been to several time they won't be respect that's what I have learned from experience that's why I wait in the morning for chart the 4H hour level so why didn't charart this one because you see this candle already tou this part here why did I Char this because this this candle was already a new candle touching this part but before I charart this part here all this was clean nothing was touching this this part here that's why I Char this guy here that's why same for this one you see this candle here high volume you see low yellow ducks open straight yellow one I Char them because this level this candle wasn't there yet this was clean that's why I charted that's why I chart this line that's why I chart this line that's why I Char this one and this one because they were no touch they were clean okay so why didn't Char this part here because you see the volume for me was no small volume for me before I used to charge every every candle but I stopped I stopped doing that I will go back so okay yeah I have a question for you you can answer the question so you already know the rule about the 4 Hour one okay if you go back to days and you find a level 4 Hour level 4 Hour candle I'm sorry with high volume and you see that you don't have anything on the right touching that candle two days 3 days 4 days whatever would you chart it or no if you see that the candle hasn't being touch is a valid candle okay so that's how far I go okay it could be one day could be two days could be three days one week whatever so especially right now that we are pumping pumping like crazy the NQ if you go back let's say one week four days you will find 4our candles with high volumes that has not been touched so those levels are valid to Mark are valid to charts yeah could be recent could be old one that's why you need to go back in your chart same for daily if you go in your daily you go three days four days and you see that the candle has not been touched take it you know take it Christopher can you give a sample of for tomorrow's price action it's too early man normally I I make the scenarios you know one hour one hour and half for Market opening if you if I do something today I don't trust too much it won't be value for me so that's why normally I do it in the morning it's not word that I stopped trading you know after 6 p.m. because first it's too slow for me my time is limited I have another so many things to do and they move really really slow so I used to trade 6 PM but I stopped doing it so I I always focus in the morning and that's it most volatile time okay guys so after daily um 4 hours has been chart like I mentioned before my trading windows are one minute and five minute and sometimes two minutes so these are my three time frames but main ones are one minute and find minutes so when you go back to five minutes this will be the result here that you will have okay so I have a perfect example of morning trade the first trade that we took on NQ shorts like at 9:38 a.m. when for hour not touch yeah yeah there is a high chance the price come back to it as like I said price levels work like a magnet that's what I that's how I see the levels like a magnet of the price okay if I see the guy is breaking this 4 Hour level okay what do I have below oh look I have another daily level 20 points 30 points below whatever 50 point I know the price will go to that guy 90% of the time the price will go from level to level using this two time frames daily and 4 hour I will show you an example and you will see that normally I would say 90% of the time the travel the the price will travel from level to level it could take three hours it could take 4 hours it could take 1 hour it could take five minutes but if you back test guys don't trust me look check do your homework go back in your charts and back test back test you will see how the price normally travel from level to level this is what Spirit has shown me and this is how I check my scenarios because I know these levels they work like magnets okay okay so this is the five minutes one for today on today session okay so I want to try to can you see this slide very this picture really nice you want to make a bigger okay okay no problem I will make it bigger just to explain come on people are leaving why all right so yeah you're right F I am you're right all right so okay so better one okay guys so what happened to say this is a 5 minutes no you know what this is a 5 minute we're going to go back to the one minute okay I have uh I have the trading session here opening this happened this morning okay so I have my daily levels as you can see purple red red purple I have my four hours yellow yellow yellow yellow um regarding the trade that we took this morning okay so one minute time frame QQQ on the left side and we have NQ on the right side like I said before it's mandatory to have these two together okay this is my my normal setup for trading okay q q and Q so when we open we open New York here right so we open right below my 4our level here as you can see for QQQ and for NQ you can see we open here this this candle we open above daily level here so we open below 4 hour and we open above daily level on inq so I wait that's what I did I wait because I like the down sign at the beginning I like it but when I saw the NQ Above This daily level that's why I didn't jump straight away I was waiting because I'm going to show you a a trick guys please take a not of that on NQ oh sorry for QQQ also for NQ but as I said on New Year session you have more power so when you see the price breaking purple line 90% I could say 96% of the time B let's GNA let's going to say 90% 90% of the time when the price is breaking purple line it will go to Red Line that's a normal go to me that's a normal behavior for these guys when you see this space like this you know this guy is going to go to this guy and if you see this guy is breaking this red line what what is next the other righted line here forget about this 4 hour because like I said daily has more power than 4our levels like I said don't trust me check back test and you will see that the price will always travel from from purple to red or from red to purple 90% of the time the reason why that was the reason why of my trade today my first trade the enq shorts because what have in chat I will show [Music] you okay K why did I discard the jellow one because from experience when you are at opening especially at opening these the main the main magnets will be the daily ones these yellows as you can see they will play later on after the red ones has been touched but it's a normal goal man it's a normal go 90% of the I cannot say 100% because it will be too risky but if you see go back guys go back and check you will see that 90% of the time this guy is always Turing from purple to Red from red to red or from purple to red or from red to purple whatever it's a normal behavior for NQ and QQQ that's the reason why I took the trade today because it was I took the trade at 938 at this candle why I saw the price bouncing he bounc here on my daily I was expecting a a break of this guy but I know that he will go for this guy first that's why I I at the end I didn't take the long because I know hey you are coming here I know you are coming here that's my reason why so I saw the bounce saw the rejection here for hours going back I wait because I knew because you see we were making lows here as soon I saw the breaking with this candle you see the volume you see the volume here this is what I saw guys you were asking me about example of PRI action that's what I saw let me show you please Focus this is what I saw I saw this candle here 1 minute look at the volume do you see the volume here breaking the purple line that was my that was my trigger that was my okay let's go it broke the label as soon I saw the the volume I took the trade because I knew hey you're coming here or at least or at least close to the righted line H so it came down all this way remember I was trading inq but I was watching QQ that's why sometimes you see me on my Elite trading floor that I post price Target using QQ label because like like today I took the NQ trade focusing on QQ level we see what happened it came down I took the trade around here he came I took the trade yeah around this point when I saw this breaking this guy here I took it and I I was streaming on the way my I cannot say my mistake but I rushed I went too fast so I placed my stop loss I break even too early so what happened he I was I was already green I I took some TR already I was okay but the price came you see it didn't touch the red line because he bounce and reject close to the purple line where I enter that's why I was too out and see what happened next you see the red line from purple to Red that's a little secret guys don't forget purple to especially at opening look at look mq you see from purple to Red you see oh chat I I okay let me see the questions [Music] in this case I I didn't wait for the close you know I took a straight away I jump a straight away because I knew like I said this is from experience I knew you you are going from purple to Red that's what experience always show me daily to daily do you wait for the candle to okay ready answer the question strong Bing yes do you already answered yeah like I said I was streaming because it was fast as you can see it was a really fast so I after Friday loss I was in recovery mode today so I didn't want to wait for too much for streaming that's why I was streaming fast during this coming down and I plac my stop loss just below you know break even just at small profit that's why it was top out quick so so guys so that's a little secret okay yeah man like I said simple as simple as possible as simple as possible and this is one of my secrets level to level this if you see my scenarios go back if you are in the team B chat go back on all my scenarios from Friday Thursday other week and you will see that I'm always drawing this guys and always making the the the arrow touching the purpose and red you will see because that's a normal goal that's a normal goal why do you try C brother man like I said already got this to to NQ you know I used to try QQ but when you have chop days you know TAA will kill you that's why I sto trading options K you will have to show me you will have to show me I already forgot be honest I already forgot what happen that day so so that's a that's a normal goal like I said guys and you can see going back to QQ what happened here what happened one thing that we can assume is hey once at the red line probably this guy will bounce go back again to the purple line and go up up that's a normal way to think and that's the reason why I like I mentioned before don't jump straight away at the levels wait and see the price action because look at what happened he broke the red line heading to where heading to where to the next Red Line here because it's a daily level that's the main manone okay you have 4 hours line here you have another 4 Hour yellow line here but who's below at opening who's below the daily one and look at what happened from daily to daily from daily to daily look what happened he bounced went back to the yellow 4 hour here and he went down breaking the red line again what is my next Target breaking this red line what is next purple line daily one you can see daily daily daily daily that's already a big trade from here to here was already a mega trade unfortunately they sto me out early but that was a mega trade from this point to this point following QQ levels because andq respect daily daily Daily 4 Hour broke heading to Next 4 hour and look he bounce at the 4 Hour which is Mount which match exactly with the daily one here okay so when you're charting Q levels on daily s TR basically it's the time you only before Market before the yeah like I said I chart at night and these labels I'm going to be respect during the London and the Asian they will be respect and for the new year section the next day they will continue with respect that's what I have there from experience 4 hours no for hours you need to wait wait for 1 hour before marking opening 1 hour and a half and Char the 4 Hour levels that's what I have to learn from experience so basically guys that's that's what I do with my level this this is what I Char every single day as simple as possible like I said before I used to chart a lot of 4 hours levels and my charts were really really crazy A lot of lines and a lot of confusion that's why I sto and I focus only on the high volume 4 Hour candles and this is what I got you see bouncing from jellow to jellow because we are matching here you see we are matching this guy here with this guy here you see the important of the 4 hours volume yeah Robert thank you man' so how is the class going it's going okay thank you guys thank you thank you like I said before I try to make this simple as possible because I hate when you are killed by PowerPoint you know I hate that I don't know that so normally I try to do my power points you know as like a kindergarten on you know easy okay so we already have one hour guys so let's going to do a quick chart of tomorrow okay so we can see there yeah yeah this is the beginning of my system you know because levels are my is the beginning of my system I only I also have price action I also have for the block that will be another day today is the basic one which is level the magnet we can call it the magnets okay this is how I Define my Asos go back like I said before go back in my previous scenarios and check this is a way to back test as well you can see how I I and drawing myar and you will see how I'm touching the daily levels because these are the magnets you're welcome mat you're welcome okay so I'm going to maximize PQ okay going to place go for the daily come on where's this flow right okay perfect so daily daily candle okay guys I'm charting I'm charting daily level okay does the strategy work for other I have seen that okay David answering your question I have seen that this strategy works with SPX I have used it before but like I said like I said I stopped trading options but before I used to test on SPX and it was working fine back test and let me know it's a homework for you back test check SPX check hey also works on spy look check it chart spy yes especially yes and you will see how they work you will see the price going from daily to daily daily to daily you will see it like I said 90% of the time we cannot say 100% remember this is trading we cannot say 100% but man like I said 90% seriously okay guys so just going to do this quick here it's time for me to go but I'm going to chat with you QQ okay for tomorrow so we have the daily candle here you see all this level here they were already mitigate they were already touched by this candle so I will delete them straight away no more needed no more needed okay and I will start charting the candle as explained before red here I will delete this for hour because already touched by the candle so I will delete it Port p on top make a copy and put it below and make a copy of the red one and put here boom okay normally I zo out just to make sure that I'm marking the right ones okay keep marking I like I try to be as like possible that's why I assume a lot to get it better Bo okay guys this is KQ or more boom easy simple as possible guys simple as possible you see you say yeah TJ I know I had there is a maget aution I haven't yet to be honest I will I will I will I will check it thank you isue where we Bitcoin crypto uh noide I don't know you will have to you will have to check test I have no idea if it works with with crypto probably probably check it and and let us know okay it's a homework for you okay so this as I said previous candle and we keep going down you see I already have this daily here white because it's a old candle but you see hasn't been toou hasn't been mitigated that's why I'm marking this label here this is from Thursday yeah from November 7 and you see still still valid same for here you see week of this daily you see white dots still Val because hasn't been touched by anyone same for this guy still little there still valid for me valid for me because you see nothing on the right nothing has been touched so this guy still Val same for this guy you see we already have this is Wednesday look look the I'm already answering your question about hey how far you going in the chart I'm already answering you I'm giving you the answer right now you see this is from Wednesday I no this is Spanish but okay I'm telling you Wednesday October 3rd you see I'm marking this guy because hasn't been toou yet that's why I still in in my chart okay why I didn't mark this week here because this level is really close when the levels are really really close like this one I Mark the main one the main one will be this one me the the open one I forget about the wi and move to the the move to the open uh okay what okay King what's the different red of okay remember right purple is is the most recent daily the one from previous session white all daily ones I I used to okay T thrs you say it work well with SPX I use it before and it was working fine but I stopped using it because I stopped trading options so don't trust me too much check pack test pack test like crazy until you get a headache and keep back testing and let us know if it works for XPS it was working on ES and of course if it will work on SPX but you will see I'm really sure it will work on SPX and Es okay so this is how far I go in the charts if hasn't been touched I keep going you see this is a simple a perfect example of close level you see this week here and you see this week here so I mark them because for me this area here will be a choppy area that's what I have learn from experience when you have two Levels Close like this and you see the price coming this way you will see see some chop choppy moments in this part and that's why I mark them because I know that okay when we are in between these two I don't do anything I wait forever go up or forever go down that's what I that's what I mared that okay this is what I have learned from experience okay guys so this is the daily daily one okay I'm going to give 10 more minutes okay I have to go have chat okay you how far do you go the 4 Hour 4 hours okay answering your question X how far part the 4 Hour is assignment same same uh same principle if the level hasn't been touched and you have a high volume candle mark it that's what I do that's what I do what if the price breaks upward on the okay Miguel good night man please St man the only way to to win in this game is practice practice and practice okay guys a quick question for you I already showed you my trick right we already have the previous the Monday candle Mark if you go back to your let's say five minutes okay let's say it's already th Tuesday in the morning let's say okay you see the do you see the space between the the levels okay let's say let's say the price tomorrow open here doing this and bouncing this guy and giving you and the price is giving you good volume bouncing and the price is giving you good bullish candles what would you assume what do you think will be the next point this guy is going to go what do you think exactly you see easy easy trick there is a 90% chance that this guy you're going to go to this guy and you see purple is close to Red so most likely will P to the purple one what's going to do next after this we don't know we have to wait I cannot say okay let's go to take the rejection straight away and go down we cannot say that you have to wait because this guy can easily go and breaks and keep going up or where everybody wants is could do this down P here again the red line and let's say this guy another one another easy exercise you're having this pattern here you see you already have a high volume rejection here with bearish candles so what do you see this guy is going next where do in boom level to level and in this case because we already bounce and we already mitigate the daily above I will expect again from experience I will expect that this guy could to could be doing this pattern here and again again guys again practice you already have a break of the red line with high volume very Scandal making a perfect rejection here what do you see this guy is going next what do you think and if you see QQQ this will be a amazing Mega tray this is the way I make my scenar guys basic on my daily magets this is what I do every morning and easy as you can see it's a easy easy set up it's not difficult stuff okay when will not work out like that like I said man this is trading you know we always need to try to protect ourself as much as possible I cannot say hey I cannot promise you and say hey this will work 100% of the time I cannot say that because that will be un responsible but it works a lot you know check check like I said check my previous scenarios check when the Market opens and and see how it goes that's why back test is the key of this winning back test back test back test okay where will you take this trade breaking the daily good to purp yeah man like I said you need to watch price action you need to watch price action because yeah the level can the price can easily break the red line and go into the purple line but it can also you know bounce again on the red line and go back to again to the another red line so that's why it's important to wait and watch price action don't jump straight away don't don't please don't do it it's better wait it's better to wait okay okay guys so last one yeah we already we already let's say we already took one of these two trades or let's say we already took two trades this guy here and then we took this guy from here to here and we already out to Green trace and we are willing to risk more more trade let's going to do let's going to r one more and we see this guy breaking breaking uh and we can see this guy breaking showing you the beish pattern here again what do you think is going to be heading next what do you think will be your next magnet Point yep exactly on that's it guys that's it of course we need to wait also for 4our levels in morning session because we could we could easily have we could easily have a a 4our level here let's say an example so if we have a 4our level here we can be let's say the price is bouncing the purple line and I start heading to the this guy and you see a reaction on the yellow line and you can see that the guy is rejecting doing this this is another behavior for me that okay we already took power to break the purple heading to the next daily one sorry that's the way I I see the charge yeah guys I say wait all right guys so I hope everybody happy with my session my first session today about high chart and give you a little example of price action this is just a a first basic one I just want to give you a understanding of how I see what I see you know it's more to come I have more content to share with you guys but this is the beginning this is a first thing to do okay yeah this class has been recording so you can check it anytime one man we need to stud it when I know it's really hard painful to go back and test and test you're welcome you're welcome and test but this is the only way guys this is the only way we need to practice it's like a professional export you know you you see all these athletes they're always practicing practicing practicing training training training it's the same here on trading you know training training is the only way because the market is always changing it's always moving and you need to keep adapting you need to keep ATT acting like I said before I used to Mark every 4-Hour candle I used to Mark I used to chart every 1 hour candle I used to charart every two hours candle but experience has shown me no this one doesn't work no this one doesn't work no so how have Lear this with practice practice practice practice and practice okay guys I hope you like it please go back chart it you know we only chart QQ today and Q I didn't chart it I because already too late but it's the same same procedure like I did here on QQ yeah when I was trading yes it was working as well I stopped trading yes I stopped trading SPX but guys you can use it any tick you want any crypto you want yeah check it guys and let me know please you're welcome you're welcome to everybody please enjoy have a good evening and I will see you tomorrow in the morning guys on the trading session okay have a good rest important day tomorrow okay you're welcome to everybody you're welcome bye-bye guys