hi there this is Richard BTC admin BTC Richard there's been a lot of questions for some weeks now about the use of arrows and rather than boxes on the daily setups charts and inside the encyclopedia so as promised in the Discord Community I'm putting together a relatively short video showing you how to interpret these arrows they're not going away we're not going back to boxes and there's good reasons for that so hopefully this video will help people get used to the idea and take it from there so let's go with a uh recording I've got here of a presentation so let's get on with the presentation this this is again swing trade setups on the E mini chart interpreting the chart trade setup arrows what I'm going to talk about now is just briefly an introduction on candles setups and signal bars let go through some slide samples explain why Al is actually using these arrows now yes I know many people much prefer the boxes but as I've said we're not going backwards and hopefully you'll understand why by the end of this I'll then give you some trade setup Arrow examples for February 21 this year because it raised some queries on why the actually entry bar was three bars after the signal bar and this happens now and again and so I thought it be good to use that day as an example and using the same day I've got a a short Market replay video before we close so here's an extract from the blocks trading course video AA and some of the confusion May in fact be coming from this video I intend to modify the video to add the comments in I'm going to talk about now so we're talking about signal bars and entry bars video 8A so the first thing is the bar where you enter the trade is not surprisingly the entry bar so there you can see an entry bar using the trusty boxes that we been used to up until more recently and that box is in the place where You' be placing your order now we enter Because the signal is created by the previous bar that's the signal bar now this is the basis of everything that Al does now with the Arrows with the boxes for at least the last two or three years but there is actually another case which may be causing confusion if you've gone through the course and remember this point here but anyway the best signal bars are reversal bars assuming context of course the context here is a trading range it's a triple top higher high double top or triple Top This is a confusion Poss L the signal bar and the entry bar can be the same bar now this is something that all stated in the course at the start but he found that this confuses people so he flipped that box to the right and for the last few years now in the encyclopedia and in all the charts you'll never find a signal bar and an entry bar in the same place now this makes sense anyway because if you're waiting for the bar to close by the time the bar closes the market is already painting the next bar so you can't actually enter on the signal bar unless you're jumping ahead doing a limit order kind of Entry or if you're just looking at the bar timer and getting in just before it closes but that's tricky in a discretionary trading sense so I want to encourage you to ignore this going forward and forget about this and I will update the video with a comment on this slide to explain that this is no longer operative so what we're looking at again is sell signal bars like this Buy Signal bar as that per example the entry bar one tick or a pip if you're on the Forex below the signal bar this is the standard that we've been using for several years now and for the Buy Signal bar the buy entry bar the next bar so this is what you need to look forward to and again Let's ignore these this is where in the course it did say that in some cases it could be in the same bar but that's not what we're talking about now so to avoid confusion you must stick with sell signal bar prior to entry bar and here bu signal bar before bu entry bar and for an example here's just one extract from part 13 of the encyclopedia you can see here that all the boxes the old versions are all below the entry bars this is how Al has been drawing these boxes for some time here's an example from the encyclopedia now this is the unmark chart which we use on everyday's slides to allow traders to look look at the chart do their analysis if they haven't done it already and then Mark up your chart and then Al will present his version this for the February 21 is the version and you can see here this is the area here where we got a lot of queries saying hey what's going on here how can that be an entry bar this bar here is a bear bar well actually this is the entry bar here but you'll notice that the highs of these three bars are all the same so placing an order just one tick above it doesn't get filled until you hit this bar here you'd be waiting for 10 minutes nearly 15 minutes there before your order goes in and the point I also need to make is that you should be placing your orders in the market and then waiting for them to be filled in most cases sometimes of course the market just runs so quick that you don't actually get in and in fact that is the case as we'll see with an example here later so again here going down here this Arrow entry bar below the signal bar and so on so this is how that chart would look with the old boxes on again people like to see the boxes but you notice here it's very very tight here the chance of getting in there is very difficult sometimes as as you'll see from a video later on this day that in fact was the case unless you placed your order one tick below this bar in less than 5 seconds after the bar closes you would not have got into that trade but we'll discuss that later price action sell signal bar and the cell entry bar selling below the signal bar this is a standard selling below and a price action Buy Signal bar as I've just explained this bar here but this is the by entry bar three bars later so keep that in mind so this is how it looks in the new arrows so again no problem sell entry bar entry everywhere you're see an arrow that's the entry bar and then you yourself can analyze that bar and say well where would you get in if are you getting in one tick above here fine no problem you're in are you getting in one tick above here fine you wait three bars and then you get in it goes down but then it then carries on up you can actually get in anywhere in that bar if you're late which is quite often the case for discretionary trading certainly in the case of this one here you will have missed this trade but you leave it in the market and then you get in on this bar as long as the auditor is in the market you'll get in either on this bar which is the entry bar and then sit through 10 minutes until it actually does go down or if you miss this trade here you'd get in here this is showing you both the Old and the new systems together in this case again the square is not really much use if you can say well there's nothing you can't get in here you have to wait until here before you get in the arrow is cleaner very much cleaner so hopefully you can get used to it and just depending on your own trading style you can decide where you get in how you get in how fast you get in and take it from there so why is Al using these arrows many people prefer the boxes but change is everywhere right we must learn to change so this is an example of Al's book that he's working on an encyclopedia book and this is just showing you the quick sample showing you the chart here which is important thing and this is the text of course to a couple of pages from his book on Bold Trends but the important thing is in this black and white chart we've tried all sorts of ways to use the boxes but there's no way to use a box without it obscuring important parts of the chart it doesn't look right and being black and white which is what the book will be published in there was some thought of color but it's far too expensive so all decided on black and white it's very clear and you can see that arrows are far clearer to show the entry points and in the case of here we've got a bu entry example this is draft the arrow looks a bit small so maybe it'll be a bit bigger in the future the point we're making is that arrows are needed for the book so rather than have Al working on arrows in his book and boxes on the encyclopedia it makes more sense to have the same on both and the same for the cell example here so again this is why Al made the point made the change and that's where we are today so let me give you some examples using February 21 showing you that split between the entry bar and the signal bar this is the same chart there's the first entry and then sell below the signal bar when you see that Arrow visualize your own trading style if you're fast you can get in at that point if not you'll get in somewhere during that follow-up bar the next one down here this is getting in pretty low near the bottom sell below signal bar and this day was a gap down this is getting near the bottom of trading range but it's still a okay sell and here's a buy this is one that's three bars after and there it is using a longer line there to show that it's three bars to the left where you find the signal bar that's the next one which is fairly straightforward one tick above the previous bar and then going down same again cell blow signal bar going up and again you notice this is two bars to the left so if You' have placed your order one tick above that bar you'd have to wait two bars before it goes in and there's the rest of the bars for the day quite clear important that all trade setups are based on stop entries that's the standard that we use for the daily setup charts and encyclopedia unless encyclopedia is talking about limit orders but that's a special case so ideally you should be placing your stops early to avoid missing the entry which you will see from the video later and that's one of the slides for the day on 21st of February so now I've got a market replay video and we'll include so hopefully this is going to make things clear I'm using ninja Trader Market replay okay this is a quick video a live trading sort of live trading Market replay ninja Trader just to replicate the entries on the February the 21st charts that we've discussed already now this very first entry this bar is about to close it's 11:14 this this is Hong Kong time 13 hours ahead of New York and the reason why I've paused it here in particular is because actually the entry that Al did show is very difficult to achieve because in fact as soon as it closes at this point it'll jump down and go up so you need to get your order in very very quickly so you got to be very fast in order to get your order in so I'm going to buy the limit here put it in place because I want to show you things that need this to be in place so bear that in mind that the setups on the chart sometimes in hindsight the way they're set up you got to be a really fast really fast mover to get these things in now I don't use this chart Trader in ninja I've got a dome which sits to the side of the chart I could get in there relatively easily just by clicking on the price if you got that kind of system system no problem but for this system here that's not the case so I'm coming down to real time now on the market replay so looking at what's happening so far you can see already that we've actually got the Globex here this is the the extended hours the overnight hours as they call it in us parant so we've already got a double bottom here from the Globex low again we've got the high high here somewhat of a bare Trend here overnight it's a gap down so we do in fact have a potential resistance level here and sure enough that's really what we got here on Al's chart this is marked as a bull trap it's also a effectively a trading range but now we've got a sell the close bar a concurrent Bear bar here which is such a trade because we're in a possible bare trend from yesterday and from the overnight so again this is a reasonable short to take sell stock market Okay so we've got a sell order placed here so let's see what happens let's carry on watch the market okay there's a first one here Bank instantaneous just like that so quick you had about seconds which is reasonable for a dome but not so good for this kind of Auto entry the other thing I need to say is that really I wouldn't be using a single order like this when I place an order there's a bracket order so we got a sell stop here we'll have a buy stop up here say so we got buy stock market up there and then we go down here there be a buy down here somewhere so all I'm demon rating here is how the entry is on this bar so I'm not so interested in where it goes to let's go for a scalp near the bottom here so let's speed this up I want to take us to the next example quickly so I'm going to put this in relatively high speed just to get it moving so there we we going down thankfully order filled okay we made our money there's the first of a potential double bottom there so now I want to stop this now because I need to demonstrate the next example now on the chart some people sent emails to say why did Al Mark the next setup three bars later now this bar as it's forming is a double bottom again another another double bottom across the bottom here I'll just draw that in like that and then it's a trading range you can say the bulk of These Bars here with this long tail so we're looking at a possible long here so the long is somewhere up here the bar's not closed yet we're one time so here we go 30 seconds to go let's speed it up a bit it's no problem to speed up here because again it's going to be easy to get an order in here so now we want to buy order above here so we're going to place a buy buy stop order here so now what's happening this again is the signal bar a buy stop one tick above it's still not initiated let's get rid of this because again when I use bracket orders these things would cancel out automatically again for a buy stop here I'd have a cell stop down here somewhere this actually goes in automatically at 10 points away and I'll get a cell stop up here sell limit one there again this is just inside the range and that's where I'll be looking for on this particular piece of chart so now it's coming up we're still not in the Market that's two bars so again let me speed up because we don't need to waste time watching the market so this is a signal bar this is not the entry bar yet we're waiting to see what happens so there's no nothing happening here now this one coming up order filled oh there we go so now we're in so this is the entry the entry bar okay again the stop down here relatively safe so we still looking at a particularly a worrying time for some people here they'll be probably getting out two points three points anyway here we go let's speed this up okay looking good wow just missed our Target there order fill yes there we go right okay we're finished so basically that's all I wanted to show you let me just stick a pause on here once it reverses on the next bar and now it'll come down again and so on so that's enough so the point of showing you this video is that Traders write to me quite often and say hey why is Al using arrows well look at your platform this is Ninja Trader where are the arrows well the first arrow is here this is the bar where the actual order is affected that is the entry bar so the arrow goes above the entry bar where does the entry one tick below the signal bar over here this is the signal bar order one tick above where's the entry 1 two three bars later so that's why again some Traders wrote to say hey why is bar 18 the signal bar no no bar 18 is not the signal bar bar 16 is a signal bar and this one here is where it actually goes in and this in this case here is where we took one two 3 about 400 bit points profit so not quite a scalp there but that's just a demonstration so that's what I'm trying to show you here so when you see an arrow that bar is where you get in in this case a lot of people if they too slow would miss it but then again you could leave the order in the market and then when it comes down to this bar it would go in just like over here so he could have placed the order here waited and bang you're in the order one two three and down to the bottom here just like here so hopefully that's helpful thanks a lot and bye for now okay well I hope that's helpful any questions of course leave you can leave some comments below or talk in the Discord Community or in the Forum on on on the website thanks for your time all the best to everybody and wishing you good trading bye for [Music] now