okay so this is pretty much how I analyze NASDAQ every single morning nothing changes nothing is different and what you're going to notice is it's very simple so it's 7:55 and I thought instead of you know doing a little recording where I cherry pick a day that perfectly goes with my analysis or anything I think it would just be more beneficial to do it live right before the Market opens because today's Friday I'm not trading today anyway so I'm not worried about missing a trade or anything like that I'm super green for the week and I tell everyone right Fridays for me are just drisk or no trade days at all because I want to carry that momentum into the following week I don't want to sit here and try to end the week green and today's the last day of the month so I don't want to try to end the week in the month green either has no benefit to me I've done all the work I need to do and today I'm going to relax so we're right before the close of the the 7:00 candle my session starts between 8 to 11:15 a.m. EST why does why is that right let's start from all the way to the top down the reason why I trade from 8 to 11:15 is not because this is just some magical window that is the only time and the best time to trade no it's because the statistics tell me that from the hours of 8 to 11:15 a.m. EST we have a 65 to 67% probability of retracing to this little line here which is the midnight open okay and so this midnight open allows me to understand when I need to engage with price and where what side of the market to engage with price so right off the bat very simply put if I'm below the midnight open right as that 8:00 candle closes then I'm only looking for Longs and if we're above midnight open like yesterday look at yesterday perfect absolute perfect statistical day yesterday uh we we retraced midnight open because we were above so I was looking for shorts and so down here where I'm looking for Longs my next thing that I have to look for is okay where I'm looking for Longs I only want to look for Footprints in favor of the direction that I'm looking for this gives me context of price context of price meaning I understand where price is most likely going to go and where it's going to react from where is Price most likely going to go and react from Footprints why are footprints these magical things they're not all they do is they show us objectively this is why I don't like fair value gaps order blocks all that other mumbo jumbo again you can make money from it absolutely there's no def there's no uh denying that people make money doing it but it just it's it's so complicated for me and it's very subjective somebody's fair value gap on one one time frame may be different than somebody else's fair value gap on another and it just like I can't build consistent probabilities off of a certain thing that is always changing right these Footprints they're never changing right at right when 8:00 starts these Footprints are always going to be here always going to be here right there's going to be some type of person in the market that has the ability to create buy and sell pressure that's going to create these Footprints right these things that they leave behind right there in front of you everyone has the same Wicks and so this tells me where the bu pressure is does it have to come back here no you can see price currently right here let's go down to the one minute time frame buddy it's 2 minutes until uh 8:00 and we're already pushing and retracing the market open this could be a day where there isn't a a possible midnight open trade and and then I'll just do the distribution trades and distribution trades are a completely different thing but in this I'm just showing you how I analyze price and so now that I got my footprint here to tell me where there's objective buy pressure and it's coming down to 50 seconds left before the 8:00 candle close uh opens up now I'm also looking for I'm just looking at the higher time frame and again my high time frame is the hourly but there's no such thing as a general High time frame my high time frame structure is bearish right we're objectively bearish and so what I love to look for in these midnight opens and what I take notes of in my journal every single day is if the midnight open was a continuation of structure and today it clearly is you can see right here then I tell people all the time too with the midnight open all this midnight open really is is it's the fluctuation of the daily candle that's why it's so powerful and in addition to that it's also just a really nice continuation of Market structure look at every day this week you see midnight open right here boom right here boom right here these retracements are just continuations or shifting of structure right we were bull we were creating bullish structure here we had the midnight open here we retraced and we decided to then react off that and instead of going cuz the market only moves three ways instead of continuing to make higher highs and higher lows we make a lower low breaking this protected low and we come up fa to make a new high and then we start bearish right you can see that right here the market only moves bullish bearish structure or consolidation this is the only way the market moves it will never move any other way and so look at the next day we have midnight open right here motivation to come up and retrace we didn't retrace fully but guess what I don't try to capture every move I try to capture 25 points of the move so this is what my trades look like for midnight retracements every single day 25 points because 25 points is enough for me I'm not greedy because the average retail Trader that tries to become profitable is greedy and that's why they suck at trading because they want to capture the entire move ladies and gentlemen if hedge funds don't capture the entire move I don't care about the entire move okay I want to be the average profitable Trader I don't want to be the Michael Jordan of trading and so right here we have a midnight open we came up to try to retrace it and what was this this was just Market structure continuation right we just made a lower high in structure look at that and then we come down we're above midnight open yesterday and so I was looking for shorts we had a footprint right here at the start of that uh 7:00 candle we actually create a footprint on the 7:00 I dragged it to Encompass that Wick as well look at what happened we came in into that Wick we rejected inside of that creating cell pressure and we melted down to midnight open creating what a continuation of bearish Market structure that retracement was the motivation to continue structure and now look at what today look at what look at what's going on today let's even look at previous footprints that haven't been tapped into let's drag this all the way out here and this is what I would do every single morning I just go onto these charts for about 10 to 15 15 minutes and I find all the context to understand how I read price now does this context give me I guess tra like influence my trade ideas it doesn't influence my trade ideas in the sense that like okay well we reacted here so I'm I'm not taking along until we react here but this gives me context to know how price is most likely going to react when it gets here and is this going to influence a midnight open retracement and you can even see just today look at today right this is why I told you guys I'm sh I'm I'm teaching you this with live price action not cookie cutter hindsight trading you can see we we fulfilled the statistic perfectly just wasn't a potential trade opportunity today if we take a look at yesterday beautiful trade opportunity yesterday here was the the bearish footprint that we just drew out uh we personally had a short right here 25 points again these These are something spe specific to my Edge but if you're watching the recording of this you don't need I tell people all the time you do not need my indicator but this does give me my specific Edge on getting in when there's objective buy and sell pressure AKA lepto kurtic distribution of price 25 points right there and then we just melt 25 points and I'm done I'm not sitting here trying to ride this whole move out I'm not trying to one day get 50 points another day get 80 points another day get 100 I want something consistent that I can consistently get so that way my equity and my my uh My Equity curve and my returns are consistent as well so yesterday was a really great example of midnight open when it comes to a potential trade opportunity and then today just no trade opportunity for a midnight open retracement but a trade opportunity for distributions and now this is Another Part Of Me analyzing what I'm going to be looking at I go on a 12-minute time frame why not because it's a specific time frame that's special it's because my my indicator here will show me around 170 to 180 of the past days why do I only want to know 170 to 180 days and why don't I want to know years of data like the midnight retracement because the midnight retracement is just a single line that price wants to retrace to okay the the distribution of price is very specific to current market climates so if I want to know what the market what what the condition is now right I don't care what the weather has been like if I want to see if it's rainy today and what what the past rain report has been the the rain report in my area 10 years ago does not matter about the rain report today right the rain report today is going to give me the average of what's the probability of me running into a rainstorm right with the current climate conditions it's the same thing in trading right I don't I want to know like this this midnight retracement is like if I live in an area that is prone to tornadoes out of the past 10 20 30 years that's important right but this is letting me know just the current weather climate what's the current weather conditions I don't care what happened in 1950 and there was a certain rainstorm that specific day I don't care about that I I would care if I want to see does this rain constantly for a very long time that's where again midnight retracement would be kind of the same analy but then this is the specific daily weather I want to know what the daily weather is like in the markets and that's where this comes into play so this is my distributions my this is a little table that's just measuring the past 170 to 180 days on how much has price moved or distributed in that session so in this case here for my am session today's a Friday we distribute on average the past 34 Fridays we have averaged 1.15% again this is objective you can go back and look at this and measure get a Google sheet and just measure the past 34 Fridays and see what you come up with um as your average so it looks something like this 1.15% okay so this is it could or could not happen but this is the average that Fridays have produced and so now that midnight retracement has already been fulfilled and I didn't get a trade opportunity today then I'm dropping down to the one minute time frame and I'm waiting for again this is something proprietary to me and for the pack trade group is I'm looking for distributions um to set up on the one minute time frame to just to collect 10 points and so for me I'm just collecting the first two that happen out after the midnight open retracement because that has even more probability and why why do I know 10 points is a high probability because I have another data table right like everything that you're seeing here is data coming from data coming from data coming from liquidity coming from structure and that's it right data liquidity and structure that's it and then once you add data liquidity and structure and combine that with a rock solid psychology disciplin to to stick to your model even when it loses and show up every single day whether you were green red or flat from the previous day from the previous week from the previous month what do you think is going to happen in your life as a Trader what do you think is going to be like if you go to out 5 days a week right what do you think is going to happen after a year of doing the same healthy habit every single day you're going to have a positive outcome right I'm not going to guarantee results doing this because everybody's going to have different results but what do you think is going to happen if you if you just stay objective and do healthy trading habits for a quarter for two quarters right and now this is what comes into when it comes to this pre-market analysis this is the problem that a lot of people have is they're like well Austin how can we optimize this even more how can we optimize optimize optimize optimize I seen that 5 days ago you took a loss um how how can we eliminate that loss you you're not you're not but what if we what if we add like seven other lines here and then what if we also take into account the the the 1400 the 1500 fair value gaps and then we also all you do because I hear this a bunch it's why why I'm saying this all you're doing when you're trying to think of another way to add on top of this to optimize it or to make new winning trades or to eliminate losing tra you're never going to just like like trading is not binary where it's just like you have this bucket and this model will produce this much in the bucket and then you just find a magical thing that's just going to increase increase it to this much no what what happens is when you add something or you try to optimize something or you try to view the market but then add something to be even more precise or whatever all you're doing is you're not just because we as humans and it's totally normal to think this way because we're brainwashed from when we were kids to think the more work equals better and if you don't just you know if you're not always doing something you're lazy right then that's what we associate with when we're just sitting here on these charts waiting for trade setups we feel lazy we feel like we're not doing anything we need to be in a trade we need to click the button because we associate that with productivity and we associate productivity with the social norms that we've been told that we need to look good and professional and all this stuff like it's it's just going back to what we have been raised to believe as a society in this world and and so going back to this is when you try to optimize or find something better or do something better you're not raising this level okay in this bucket all you're doing is you're making a new bucket and you don't don't know what this level is that's all AKA probabilities you're just creating new probabilities because now if I was like okay well I seen I took a loss one day and that loss happened to be in a there was a bearish fair value Gap here and I went long inside of it and it failed like let's say this was midnight let's say midnight open was like right here okay and then there was this bearish fair value Gap and then I had a long opportunity right here here and it just reacted off this and then kept on bleeding and I never and I hit stop loss right but okay well what if you next time you you take these fair value gaps into consideration but and then next time I I don't take this setup that presents like this and then this one ends up being a profitable trade right it price just says Ah I don't care about this fair value Gap because it happens right not every fair value Gap is equal I mean look at like you can even just go on the one hour chart there's hundreds of fair value gaps that haven't been respected look at that we we literally just came up and then melted right through like again I'm not trying to demonize I'm just using One Singular thing that a lot of people try to do which and use which is fair value gaps but I'm not demonizing it at all again you can make money doing it but this is a common thing that I see a lot of people do is they try to keep on optimizing they try to use pre predisposition beliefs or predisposed beliefs of things that they've learned in the past and they try to bleed it into this like like I'm telling you the whole goal of this is just to have peace on the charts right is to have the ability to show up have peace that you understand what you are looking at and then you just follow it week after week month after month right and then over time once you build that repetition you have just this weird it's like a second sense right and let me know in the pack chat because I'm doing this live let me know for the people that are kind of already starting to get that intuition where you don't even have you have these things that just happen where you're when you're reading the charts and you're like I don't even know why I think that I just think that and then it plays out it's because you're just putting in those reps right it's like when you see patterns every single day like I don't care what job you do if you do the same repetition of anything every single day it becomes a point where you're like I don't even know how I'm doing that right I'm sure everyone here has experienced you're you're you're driving somewhere and you completely zone out and then you just wake up and you're at your house right everyone's had that happen to them or at least most people I've had it happen to me where I'm just like wait a minute was I driving I could have literally killed somebody and that's because we just our our passive system in our brain because we've done it for so long because we've practiced it for so long it's just like a second sense it's like we we just know what to do because we've seen it and done it and we're adapt we're we as human beings are adapting creatures you know we're just that's how we are and so it's just in our genetic DNA to passively start to do things that we do that we grow through repetition right like if you if you're weak and you can't even bench press I don't know 100 lb but then I'm not saying that's weak if you can I'm just saying if you are genetically weak and you can't even get 100 lb off Off the Bench but then you keep doing 50 lb bench presses for five weeks don't you think that 100 lb is going to feel a little easier right because you have adapted to that weight through repetition it's the same thing here if you do just this bare minimum every single day and watch how price reacts these Footprints and retraces to this midnight open buddy it's the most peaceful thing in the world you mean to tell me I don't have to do I I don't have to start here at the I don't know at the weekly all right on the weekly were this and then I also have to make sure I understand correlated assets as well so we got to look at the Dixie okay guys so we're looking at I'm being serious I'm not trying to joke right now this is what people do and it it I I I can't even keep up with it they're like okay well we're on the Dixie and the Dixie uh we're we're looking bullish here pre-market let's go to the hourly on the hourly we're looking I don't know we we're making a lower low so we're looking bearish so I don't I don't know if I if we're looking bearish here and looking bearish here I don't know if I want to do that and then we drop down to the the hourly here and well we got we got an smt right here and then we're doing this and that and this and that like dude it's it's like you have to write an apaas sided seven page Journal I I said that yesterday on Twitter to take one single trade it's like do I want to do that for the rest of my life you know what I mean like do I want to sit here and and talk in tongues every single day to take a single trade like I don't want to do that it may sound it may be good for some people some people are so analytical they need to do that they just they they need to have all this giant analysis for the day but I don't want to do that because I operate two levels above my current self that is what has allowed me to grow that is what has allowed me to just become even more evolved in the in any industry that I put myself in is I just want to operate two levels above myself and I'll end with this when it comes to this pre-market analysis and what I do is I want to operate from the from the the mental understanding that I I'm trading $10 million right now I am A10 million Trader I'm going to act like a $10 million Trader I'm going to do the things that a person with $10 million would have to do I'm going to be disciplined like a $10 million tra Trader I'm going to be psychologically mature as a $10 million Trader I'm going to act like a 10 Mill million Trader and eventually I'm going to adapt through repetition to become that through working hard through doing the same thing every day and all the all these little bits and pieces that kind of come up in together and so I think the biggest thing and I'm ending with this is when it comes to pre-market analysis when it comes to trading when it comes to any of this is people operate from the lens of just their current level they operate from I need to win today's trade I need to win today I need to do something today I need to X insert XYZ goal today right they're thinking in the terms of a retail Trader of $1,000 right that may be you and there's nothing wrong with that but you need to operate levels above yourself and and ask yourself do I want to be through this much stress when I'm $10 million deep because if we're all here just to have fun it's a free market have fun do whatever you want to do but if you're here to be a professional Trader you want to give your yourself and your family Financial Freedom you want to sit here and enjoy what you do and you're going to have to do this for decades because you're not going to get rich in a year of trading you're not going to get rich in five years of trading and if you understand understand that then you're going to be here for a while and so you have to operate for the future not for the present and I think that's another thing that's kind of just leveled up my trading and it's what's leveled up me just as an entrepreneur is I have always operated from the mindset of two levels above me two echelons above me when I was in the military I always operated two ranks above me if I was a specialist E4 I was acting like a platoon Sergeant once I was a platoon sergeant I was acting like a first sergeant like I was always wanting to be the person or the the the the goal two ranks above me and so I hope this was helpful for you guys um I see some if you guys have questions in the chat please please ask him I seen Danny says uh this is amazing Austin before you cut off the recording can you do a 30 second recap of the mechanics of each step yes 30 second recap number one let's delete all this number one right before SE right before 8 o'clock I'm drawing the footprint that is closely related to price okay why because if we're below midnight open I'm only looking for Longs so I'm only looking for a bullish footprint if we are above midnight open I'm only looking for shorts prior to 8:00 so I'm only looking at the footprints prior to 8:00 that's going to cause that short to to have the Catalyst okay so step number one is just are we above or below midnight open above looking for shorts below looking for Longs and it's kind of funny we've had two inverse days like this so I can I can go over both perspectives in the same chart um number two okay find the footprints that closely relate and why do why is this right these Footprints are telling us where there is objective sell and buy pressure objective areas where people are going to to cause an influx of either buying or selling okay and then that gives me the context of where price is most likely going to go number three is get my uh distributions for the day distributions for the day allow me to know the left and right limits of the market they allow me to uh know the mechanics or the guard rails I guess you could say of okay I don't want to if I know okay that the last 34 Fridays has distributed 1.15% okay 1.15 okay if I know that the average Friday okay and here's another thing so if you're new please listen to this part if you're still failing if you're still un profitable please listen to this this is where people fail they'll say but Austin today we we we made like a 1.2 1. and we we're keep we're keeping on going I want to keep on longing dude it I mean if if you have a model that do do it but for me I don't care about this this is just noise if we get above the average distribution of of of a Friday okay then I don't want to Long here we could Ste absolute Skyrocket statistics are not about predicting they're about letting you know the environment that you're in and how to adapt to that current environment and so for me I'm looking for shorts only here why because statistic itics tell me that if we operate in a Range looking like this and then price goes outside of that range most likely we're going to revert back to that range and then I'm only capturing 10 points because NASDAQ is very volatile I'm only capturing bite-size 10o pieces of that move if I wanted to do more I could but I'm using the data and letting it and telling me when when I need to uh what my profit targets have to be and 10 points is very high probable for the distribution that my indicator can provide and then vice versa if we break the lower side of this range I'm only looking for Longs even if we keep on melting this could be I told people in my Discord yesterday I will lose this trade and still be happy this is the difference between somebody that's profitable and somebody that literally is always living for the next trade I will we could keep on selling off outside of this range and I take a long here and I get stopped for the day I will still take that tray 20 times out of 10 than to try to deviate away from my plan and go short here and get a quick a quick scalp a quick scalp you know everyone loves to say that why because I know this model this plan this strategy allows me to be profitable I'm not going to disrespect this strategy I'm not going to disrespect the data right I'm not going to try to disrespect it just because my ego got hurt today and and and I and I took a a business expense because business expenses happen in every Market every industry I'm not going to sit here and be upset that I took a loss while other people got short and one I'm not an idiot for losing a trade just like how somebody else that trades differently than I do they're not an idiot because they lost today while I won because trading is about probabilities not about guarantees not about every single day getting the perfect sniper entry with a a 70r trade because guess what guys ra hedge funds aren't getting sniper entries institutions are not getting sniper entries people at Wall Street Wall Street are not that move the market they're not sitting here shooting for 15 our trades right they're moving with the market and they're getting bite-sized pieces every single day while retail gets chopped up trying to get the perfect entry while retail tries to deviate and and strategy hop every single day that's what retail is doing and I don't want to be like retail right I am retail but what did I say I operate two levels above me I'm operating like I am a $10 million funded you know live funded not bull crap prop firm simulated money I'm talking about $10 million if I was to trade $10 million today how would I be and how would I act and that's what I'm doing so I hope this was helpful for you guys um we're now 28 minutes long so I didn't want to want this to be super super long it's a Friday freaking extended weekend this is why I love trading because it gives me the ability say you know what I'm taking an extended weekend why because I earned it I did it myself and every every decision that I've made this week has 100% been mine not influenced by anybody else and I'm going to take an extra day off so I hope you guys have a wonderful rest of your day have a great weekend if you're here live with me and let's kill next week man