Lecture Notes: New York New Week Opening Gap in Forex

Introduction

• Focus on New York new week opening gap with Forex.
• Example given using a British pound versus US dollar 5-minute chart.
• Key concepts discussed include Friday close, Sunday opening (5 p.m. Eastern Time), and new week opening gap.

Overview of Market Movements

• Observed rallies and shift in market structure.
• Mention of analysis and commentary available on the presenter’s Telegram channel.
• Past mentorship programs have been closed; focus now on educational content.

Trading Strategy

• Discussion of "Brass Tax" approach and reliance on models developed in previous teaching.
• Real-time call-out of significant candlesticks for setups.
• Specific reference to successful forecasting of NASDAQ and British pound/US dollar movements.

New Week Opening Gap Strategy

• Trading within the New York session.
• Concepts of buy/sell balance and market inefficiencies discussed.
• Explanation of inversion fair value gap and its role in market prediction.

Candlestick Analysis

• Details on identifying key candlesticks and their roles.
• Use of 1-minute and 5-minute charts for granular analysis.
• "Silver bullet" strategy and its effectiveness in identifying trade opportunities.

Execution and Risk Management

• Example of setting stop-loss above critical price ranges.
• Emphasis on not moving stops too quickly to lock in profits.
• Explanation of "balanced price range" and "consequent encroachment."

Algorithmic Trading Insights

• Description of the algorithmic nature of market movements.
• Importance of identifying price behaviors such as "running stops."

Practical Application

• Mention of executing trades in a demo environment for educational purposes.
• Focus on index futures for real money trading.
• Encouragement to use free resources like the Telegram channel for learning.

Conclusion

• Invitation to join the free Telegram channel for real-time insights.
• Reiteration of the educational focus and openness of the channel.
• Encouragement to download Telegram for access to trading community.
• Assurance of privacy for channel members.

These are the highlights and key points discussed in the lecture about trading the New York new week opening gap in Forex. The lecture emphasized technical analysis, market structure shifts, and practical application of trading strategies in the Forex market.