Transcript for:
Blueprint Remastered L16: The Grinder 2

so we're gonna go back to this chart and um look at this and so we took our first 140 points now what we're really looking at is okay if we touch the leg of this move we're most likely going to pull straight back like we're most likely going to come straight down so so really what you're wanting to do here is as long as you can ladder off of this so there's not really going to be any ladders that exist in here like there might be like a five second ladder or on the second charts a three second or a five second chart you might find some ladder here but you can already notice off this knife catch that happened you you can already notice like you come here you add it to here you allowed it to here you allowed it to here right so so micro time frames you're still laddering right so like where are you buying next you're looking to re-enter this trade again and i'm kind of scanning through time frames here and saying okay so as long as we can kind of hold like around this 85 65 range we're good right so so then we're going to kind of set a rebuy for like 85 like maybe 85.70 yeah i think 8570 makes sense here it's a pretty safe trade it doesn't look like it's going to happen so your 8570 actually doesn't get filled and i guess we need to mark this trend here first before we continue because that's the thing we that i actually didn't do is mark this trend so you'd have kind of this top to this top right there you you can see right here where you're still laddering you can go to a new chart and you can see that this is still laddering off these larger time frames so you're still laddering up and actually this would have been a perfect spot to enter a trade to see where it can go and i'm not expecting a huge push-up off of this but you can still take whatever points you want so if you're buying this trend break which i didn't identify you actually already are up 50 points so this would be another few minute trade just because you were grinding all the right technicals we'll just let it play through i don't think it's going to be a major push up there and it's not but it's 50 points right so that that's that's perfectly fine so so we're going to do the same thing and we're going to say okay well it needs to continue to ladder it has to break this trend right here right like you can see how it's following the trend it needs to break this trend here you can see that if i mark the bottom of the scandal it's still technically laddering so this was like the best entry for the next push-up on this trend break you might be able to get another entry like in here somewhere let's go to the one minute chart and see if there's anything there you might be able to get entry here right so then you'd be looking for entry right there oh and you see you actually already broke down the move so this would have been a spot where when you so let's see what happened here go to three minute charts you hit this leg of the move and you sell the bounce right because you're hitting the leg of the move you're going to break down and have a bit of a pullback right so you want to basically just you hit this leg of the move and you're going to be able to so what did we say we said we're going to buy right here right and this is going to become the inverse to the next level so you you could have actually gotten out unscathed the second you touched this leg right here right you're saying that the move is gonna break so like again the writing is on the wall the move is going to break it's going to come up inverse the move and pull back so you actually could have just got out at zero percent and then you see the dump and seattle reacts and see where it stabilizes right so you could have actually not lost nothing but your trading fees here and this is another part of being a grinder right is is is buying kind of these levels now i don't really think there was a reason to buy because you can see how far away trend is so i don't really think there's a good reason to buy here so i think maybe this would have just been an experience talking or not really enough focus you're really wanting to buy more of the trend break in this scenario right like here for example right you you wouldn't be buying here you can try to buy the hold but this is the this is the risk you run on right like it's a balance right you you buy before the trend break and sometimes you ride up to the trend and break up alternatively you buy the trend break and create your push high right kind of uh scenario so there's a bit of a balance there where you have to be able to get out of these trades and in this scenario where we tried to play this part of the move we simply got the leg of the move touched and we we had a chance to get out on the inverse which is kind of perfect it's like picture perfect ta right down to it so now we're going to look at a larger time frame and say okay this is going to be now something that is going to be flattering right so so this is this is exactly what i was talking about about where you want to see how low something's going to go because technically it could even go all the way to this right here and and i see this all the time this becomes like an insanely good buying opportunity because it's still holding a higher level we're just going to play this through a little bit here breaks trend thumbs up still hitting that inverse level so we're going to adopt our trend i'm just fast forwarding this a bit to see if there's maybe a better opportunity to buy here so you'd have this trend here this would be pulled back to here right we're going to delete this we're going to get rid of some of these other trends that we don't need we don't want to confuse this too much this is a level that hit inverse we we really want to close this valley here right we really want to start to close this valley so we actually have started to close that valley we actually are starting to break over this trend so so this becomes like more of a better opportunity to buy right here right like this is this is becoming a smarter spot to buy because you're you're holding trend you're laddering up you can see the ladder forming from here to here to here to here and now you're simply breaking trend and if you had gotten it on the hold level which would have been right here you could again now be in a trade where you can stop out in profits right you can stop up 20 points if you want to just make a guarantee 10 right so you can stop out 20 points and i guess you'd make 13 and you're already up 33 points right you've got your hold level it holds you're starting to break trend and you can see where it goes which is great so you could have either taken the entry there sold target here another 50 points all of these small trades working together against this larger trend are exactly what you want to be doing taking all these kind of small grinding trades you don't ever you don't want to just be playing the big dumps big pumps big moves there's there's trades happening all the time and inside of here there's like hundreds and hundreds of percentages to be made right so there's no reason to not be buying them there's there's tons of money in this right and and we are trying to play the larger breaks here so you have to start looking at this information a little deeper so so this was an inverse level that was hit for example so originally this inverse and let's see where the valleys are and and and this is simply inversing again so you're going to see a pullback and you're going to probably try to hold this now right so we're going to say we're going to try to hold this level right here back this valley right here off the inverse right which ends up being this level right here perfect buy and you are starting to pull this to here you're starting to break over the cycle right so you're starting to look for a bigger move up you're still inversing you're going to have a pullback here you're going to hit trend you're kind of in pandora's box you hit this whole level right if you're in any trades you'd have an ample opportunity to get out right now and you're starting to look to break this larger trend i'm not sure if this one is even the right trend let's go and do a little bit of trend work here yeah you know what it looks good continuing against the trend that we have starting to try to break over this i can't quite see if this is hard closed or not looks like it actually needs to be uh oops not that one here and let's see where the base is got a base there so that's our base so that's that's our trend right there and that's that's what it looks like it to be our trend right there so this this move is still going to hold for for quite a bit really no point in being in in this trade really right like this becomes a short target down here you know where your long targets are you can see the ladder happening right like you you can see this ladder is continuing to go up you you did break the ladder here so this would have been a great opportunity to short right great okay we'll use the measure tool i don't know it's not really working with us 40 points right like it's not a lot but it's it's pretty easy money when you're when you're taking all these trades all day long and all you have to do is play trend breaks simple trend breaks right and then so fine new adopt trend so i'll walk through it here this right here break trend this right here right so you're you're starting to cycle out of trends right now and there's your break over top of the trend right so this is kind of that balance between i wonder if it actually was this one i don't think it was no yep that's the correct trend so you can you can see where you're starting the whole trend trend tries to to break down trend holds and the move happens there right so just gonna fast forward this a bit a larger move down you know you're expecting to hold off this now so let's maybe get rid of we'll put that there we're going to move we're going to delete this trend too we don't really uh we kind of do need this larger trend actually that's false we actually do very much need this larger trend right there we're going to color this larger trend a little differently we're going to color this one green just so we know it's it's got a little bit of a visual difference here so we know which trend it is this trend is no more this trend is now going to pull out and adapt its cycle right gonna be here oh let's redo that again let me make sure that's correct uh you're actually gonna be here right here you're starting to break trend again this would have been pulled out here and then here we don't even need this trend anymore actually it's just the larger trend that's being developed your new target is there you've got your larger trend here this is pretty much gone you can see you're now starting to look for the bigger move at play right you can you can see that now you're starting to look for the larger move to be unfolding starting to use bigger time frames more relevant information laddering off targets here there's the pullback off of the trend break so so here's another example of where you could have taken this trade trend break you've got 100 over 100 points here to be made so another example of hey there's a trend it's breaking just just take the trade take your 100 points identify the correct level which is here right you're you're still laddering off of this right you've laddered from here to here or from here to here in either scenario you're still laddering this is like a perfect example of you you hard close a trend here and you could have simply taken a 100 points right there and and it's very simple it's very easy right so you're looking for these trades all the time right yep you would have relonged this and you would be let's take that magnet tool off again you would have relonged this trend right here missed out 15 but that's that's fine you know you can make a choice between trying to buy that whole level or as long as you're above this well i guess actually in this case now would be this as long as you're above this because technically you're going to be laddering off this now right so if you're laddering off this you can simply buy your whole level from the past and and you're 100 points already and then and then you can be looking at where your relevant levels are right now in the moment right so you've got your break level right there you're already breaking it is there any significant four hour inverses there's no significant four hour inverses there's no real inverse levels happening here so you're going to probably pull back off this stabilize the move and uh look for a rebuy right now your next rebuy is going to be something like this right here let's get rid of this one that we already bought we're looking to stabilize against this just kind of hit play it doesn't even look like it's gonna go back to that looks like it's just laddering up off the hold level so so so really right now you're looking to just simply break trend again pretty straightforward move here you've got some hole level right here that's continuing to hold so so as long as this holds you're gonna be breaking this move pretty quickly you're not really yeah if you continue to hold this you're going to break up very rapidly right so you break up you take your trade and you've made here 100 points again right so again another easy 100 point trade go to your larger charts what's it trying to hold right assuming this is an hourly rate here nope so it's not an hourly so we need to find the valley that's in there that's going to be respected right so you've got this right here which is your 15 minute there's no hourly there's a 15 minute very simple yeah it's it's right there for you and you could even be buying this one right here one of those two this looks like it's a little bit of a cleaner valley or this right here is the origin this would be the actual correct level it's the origin break level that would have been on the one or three minute chart yeah it would have been the origin level from back here this would have been like the perfect hold level to buy it would have been right there put the magnets hole back on for this one so you would have been right here on the origin level the level that was trying to break the move right so you come above that and it becomes your your perfect hold level right so again another whole level where you can buy looking to break trend go back to this hits that hold level again starts the break trend here but we didn't adapt our trend oops we need to adapt our trend here we'll adapt it on a larger time frame first nothing on the hourly so we can just go to the 15 minute quite simply look for the hard close and it come on it's right there so you never quite hard close this you're looking to hard close it you don't quite do it you hit your whole level you know now you can make a decision here are you going to play this move up i mean this would be a good spot to look to take the trade your your whole level is breaking as kind of a safety net you could even say go to here i think that's a little too cautious i think this is going to be a little bit of a better entry i think this is kind of the razor thin line between taking a decision to get into this trade or to i either to get into this trade and take along or to take a risk and take profits what would i do here i would i would most likely look for an entry rate oops let's not do that let's just get one i would look for an entry personally down here this is where i'd be looking for an entry somewhere inside of here just to say it can still ladder i might take this and stop out right so so what i would do is i would measure this to this and say am i going to get liquidated on this so i won't get liquidated on this this isn't enough to liquidate a position will i get liquidated if i take it all the way down to here yes i will get liquidated so if this hits the leg of the move so that might be a little too risky for me actually so what i would do is i would be buying this here and then i'd be measuring okay in what scenario can i get liquidated because as a grinder you don't want to get liquidated right like if it touches the leg of the move it's going to break it completely so we're not thinking it's going to break we're thinking it's going to hold here you have to make a decision between these two levels it's as simple as that let's kick it forward one candle one more and there's the break and and if you see this in the moment you can say oh look we're breaking you could have taken entry back on this hold and that would have reduced your losses right so so that would have reduced the risk that you would have taken i like to be greedy so what i did is i set my bi for down here that's fine it held this level it broke over and then you can simply see where it broke over and and kind of take your emergency entry on this and say oh it's breaking trend it back tests the whole level it holds right you get a few spots to enter there and let's see come on kind of profits could you could you have measure here could you have taken 50 points of profit right let's see did you take it 100 points 40 points that's kind of the breaking line for me that's kind of the breaking point is 40 points um i don't usually like playing for less than 40 points if i took this trade i'd most likely still be in it this is not enough to liquidate so this is just still be in it and it's continuing to hold that level and now it's just adapting trend out so it's starting to cycle to build up the larger move right like that's exactly what you're seeing here is a cycle to build up the larger move right so the same thing is happening again bale's trend again and it has a big pullback so see goes to here has a big pullback but you can see what happens here is it's still laddering so so this is what i was talking about before when as long as it doesn't touch this it's still laddering up and these are kind of like when i talk about being greedy when i talk about looking for the greediest spots as a grinder we don't need to take every single position right you don't need to take every single up and down you don't need to be in this straight here this trade here sometimes it works out like that and sometimes you can take 20 30 trades a day sometimes if you force it though if you're kind of in these trades and you're trying to take 20 trades a day just because you want to hit a number of trades it can it can play against you right like i don't know maybe you would have lost an account right here over this right like one of your active accounts thankfully you probably would be up four or five active accounts prior to that yeah you it's a two percent drop here right so