ICT Forex Scout Sniper Basic Field Guide - Vol. 1

Summary

本视频教程旨在为不熟悉概念的个人提供全面的狙击手交易方法。讲解者通过多年的实战经验，分享了ICT工具的应用和价格行为的理解。课程涵盖了交易平台介绍、实战练习、交易时机和目标设定，以及风险管理等关键内容。强调了理论与实践相结合的重要性，并布置了作业，鼓励学习者通过观察和分析特定时间段的价格行为来提高交易技能。

Takeaways

• 🎯 本视频旨在为不熟悉概念的个人提供全面的ICT狙击手交易模块介绍。
• 📚 视频系列将涵盖理论知识、实操练习、交易平台介绍、风险管理等。
• 🌐 推荐使用Forex.com Ltd的XCOM Ltd平台进行演示和练习，但强调不鼓励使用真实资金进行交易。
• 🎯 狙击手交易设置强调精确的入场点、特定时间的交易、目标价格的了解以及严格的风险管理。
• 🚫 强调交易中会有亏损，不应期望100%的成功率，每个人的交易结果都是独特的。
• 📈 介绍了三重屏幕交易原则，强调确定市场可能的方向并仅在此方向上进行交易。
• 📖 推荐阅读《交易为生》一书，特别是关于多重时间框架和心理方面的章节。
• 📝 布置了作业，要求学习者研究特定时间段内的EUR/USD货币对的价格行为。
• 🔍 要求学习者关注每小时图表中的转折点、发生时间以及价格水平。
• 📊 鼓励在图表上做标记，记录笔记，并使用图像保存工作区以便进一步分析。
• 🚨 强调了持续学习和实践的重要性，建议至少投入六个月时间来掌握这些概念。

Q & A

这个视频脚本是关于什么的？

这个视频脚本是关于ICT（Inner Circle Trader）狙击手狙击手入门模块的介绍，旨在教授不熟悉ICT概念的个人如何使用这些概念进行实际交易。

视频提到了哪些ICT工具的应用？

视频提到ICT工具的应用包括精确的入场点价格、特定时间的交易、目标价格的高级知识以及严格的风险管理协议。

为什么视频建议使用forex.com ltd作为交易平台？

视频建议使用forex.com ltd是因为它提供了免费的MetaTrader 4 (MT4)平台，这允许所有人使用一个通用的媒介进行学习和实践。

视频讲师对于实时交易和模拟交易的态度是什么？

视频讲师鼓励使用模拟账户进行练习，而不是使用实时资金进行交易。他强调了学习和个人发展的重要性，而不是立即追求盈利。

视频讲师对于交易者应该持有的期望是什么？

视频讲师认为交易者应该期望会亏损，无论是使用模拟资金还是实时资金。他强调没有任何交易策略能保证100%的成功率，因此交易者应该准备好面对失败和学习过程。

视频讲师提到了哪些关于交易心理学的观点？

视频讲师提到了交易者需要冷静、专注和有纪律地进行交易，避免情绪和不耐烦的影响。他还提到了交易者需要找到适合自己的交易风格，如日内交易、摇摆交易或位置交易。

视频讲师推荐了哪本书？

视频讲师推荐了Alexander Elder所著的《Trading for a Living》。他特别提到了书中的三重屏幕方法和心理学部分对交易者非常有用。

视频讲师布置了什么作业？

视频讲师布置了研究特定价格模式和市场行为的作业。他要求观众研究EUR/USD货币对在特定时间段内的价格行为，并注意转折点的时间和价格水平。

如何使用MT4平台来识别转折点？

可以使用MT4平台的分形指标来识别转折点。分形指标通过在满足特定条件的蜡烛图上标记箭头来识别高点和低点，即高点被两个更低的高点包围，低点被两个更高的低点包围。

视频讲师建议如何记录和分析市场数据？

视频讲师建议将MT4平台的图表保存为图片，并打印出来，然后用手和尺子在纸上标记重要的时间和价格水平，以及转折点。这样可以加深对市场行为的理解。

为什么讲师强调至少六个月的学习时间？

讲师强调至少六个月的学习时间是因为掌握交易概念和市场行为需要时间和实践。他建议持续不断地研究市场，通过长期的观察和分析来提高交易技能。

Outlines

00:00

🎯 介绍狙击手交易模块

本段介绍了狙击手交易模块，旨在为不熟悉概念的个人提供全面的方法。讲解者通过互联网教授概念多年，强调了将概念模块化实施的重要性。视频系列将涵盖交易平台介绍、练习演练、交易类型概述、目标设定以及风险管理协议。

05:01

📈 狙击手交易设置

详细解释了狙击手交易设置，包括精确的入场价格、特定时间的交易、目标价格的高级知识、严格的风险管理协议以及冷静、有纪律的交易。强调了交易中情绪控制的重要性，以及找到适合自己的交易细分市场。

10:07

💡 现实期望与准备工作

讲解者强调了交易中的现实期望，提醒观众即使是最佳设置也可能失败，并且交易需要时间和努力。他建议观众使用演示账户进行练习，并强调了长期学习和实践的重要性。

15:10

📚 三屏交易法

介绍了三屏交易法的原则，这是讲解者在1994年学到的一个原则，并在《交易为生》一书中找到。讲解者分享了他对这本书的看法，以及如何通过多时间框架来确定市场可能的方向。

20:12

🎯 狙击手作业：市场模式研究

讲解者给观众布置了一个作业，要求他们研究特定货币对的价格模式，并注意价格从一个摆动点移动到下一个的重复标准。使用MT4平台和EUR/USD对作为例子，讲解者指导观众如何识别摆动点和市场模式。

25:13

🕒 时间和价格分析

讲解者要求观众研究特定时间段内的价格行为，特别是摆动点的时间和它们发生的水平。他建议观众在图表上做标记，记录每天市场的转折点，并分析这些点的共同特征。

30:16

📊 深入研究价格行为

讲解者指导观众如何在5分钟和15分钟的图表上标记市场的日内转折点，并记录这些转折点的时间。他强调了通过这种方式建立对金融市场常规行为的深刻理解，并鼓励观众将这个过程应用到他们选择的任何货币对上。

Keywords

💡Scout Sniper

Scout Sniper是视频中提到的一种交易概念，它指的是一种精确的交易策略，强调在市场中寻找并利用特定的交易机会。在视频中，Scout Sniper的概念被用来说明如何通过细致的市场分析来实现盈利。

💡ICT Scout Sniper Field Guide

ICT Scout Sniper Field Guide是视频中提及的一个教学资源，它包含了一系列的教学视频和概念，旨在帮助交易者理解和应用价格行为概念。这个指南是交易者学习和实践市场分析工具的重要参考。

💡Price Action

价格行为（Price Action）是指通过分析市场价格变动来预测市场趋势的一种交易方法。在视频中，价格行为被强调为理解市场动态的关键，它涉及到识别支撑和阻力水平、趋势和转折点等。

💡Demo Account

模拟账户（Demo Account）是交易平台上的一种功能，允许交易者在没有实际资金风险的情况下进行模拟交易。在视频中，建议使用模拟账户来练习和应用交易概念，以便在没有资金风险的情况下提高交易技能。

💡Forex.com Ltd

Forex.com Ltd是一家提供外汇交易服务的公司，视频中提到使用该公司的交易平台和模拟账户来进行教学和练习。这个平台因其免费和易用性而被选中，以便所有参与者都能在一个统一的环境中学习和实践。

💡Sniper Setups

狙击手设置（Sniper Setups）是指视频中提到的一种特定的交易策略，它侧重于精确的入场点和限制风险。这种策略强调在特定的时间使用限价单进行交易，以及在交易中保持冷静和有纪律的态度。

💡Risk Management

风险管理（Risk Management）是指在交易中采取的一系列措施，以控制和最小化潜在的财务损失。在视频中，风险管理被强调为交易成功的关键组成部分，包括设定止损点和决定交易中愿意承担的风险金额。

💡Triple Screen

三屏法（Triple Screen）是一种交易策略，它涉及使用多个时间框架来确定市场可能的方向。在视频中，这种方法被用来教授如何通过分析不同时间框架的价格行为来做出交易决策。

💡Fractals

分形（Fractals）是一种技术分析工具，用于识别市场转折点，如高点和低点。在视频中，分形被用来说明如何识别和标记价格图表上的转折点，这对于理解价格行为和预测市场趋势至关重要。

💡Homework Assignment

家庭作业（Homework Assignment）在视频中指的是给观众的一个任务，要求他们研究特定的价格行为模式，并记录他们的发现。这个任务旨在通过实践来加深对价格行为概念的理解。

Highlights

介绍ICT狙击手狙击模块和ICT狙击手现场指南

为不熟悉概念的个人设计，提供广泛全面的使用方法

通过教学视频模块化地实施概念

强调理论与实践相结合的重要性

介绍使用的交易平台Forex.com Ltd和MetaTrader 4平台

强调仅使用演示账户进行实践，不提倡使用实时资金

狙击设置的特点是精确的入场点和特定时间的交易

强调风险管理和冷静、有纪律的交易

设置现实的期望，即使是完美的设置也可能失败

鼓励个人发展独特的交易风格和策略

推荐阅读《交易为生》一书以深入理解三重屏幕方法

分配家庭作业，要求研究特定时间段的价格行为

强调重复模式和市场转折点的识别

建议使用5分钟和15分钟图表来标记市场转折点

鼓励在图表上做标记和注释以更好地理解价格行为

强调持续学习和实践的重要性，至少六个月

Transcripts

[Music]

alright folks we are looking at the

scout sniper enlisting module for the

ICT scout sniper field guide ok what are

we going to covering in this

presentation well obviously it's

designed for those individuals that are

not familiar with my concepts it's going

to be a broad range comprehensive

approach to using the concepts that are

hands-on in the trenches type of

application for years I've been on the

internet teaching conceptually the

things that I do and the apps the actual

employment or step-by-step approach to

utilizing the concepts has evaded most

individuals because simply they didn't

put in the work and the exercises that

were meant by taking the concepts and

implementing them modularly

through teaching videos and what do I

mean by that well for those participants

to have been following my work on

YouTube my own website I had a blog

years ago and some threads that I put on

some unknown forums

they failed to utilize the concepts in a

demo account and use the concepts on a

daily basis to familiarize themselves

with price action concepts that are

rather generic and each video if used

properly in the library that I've

presented over the last few years they

were meant really to focus your

attention on one specific component to

understanding price action and the

application of the ICT tools what we're

gonna have in this eight part series in

this episode once there's gonna be a

whole lot of dry stuff in the beginning

this so prepare yourself for it guys

it's like anything else there you go if

you go to you know sniper school you're

gonna learn a lot of theory first you

learn a lot of you know trajectory you

wind all those things that are gonna

affect you taking a shot before you ever

put yourself in front of a you know a

rifle and scope up your target you got

to learn a lot of the boring stuff okay

but I promise we're gonna get to that

good stuff that you're all looking

forward charts and get me and get me an

types of situations that it's all gonna

be in this course but again you got to

go through the boring stuff first guys

so we're going to what are we gonna be

covering let's look at that now

obviously you know we're gonna be

looking at briefly I'm gonna be

introducing you what trading platform

that I use in my teachings and then the

practice drills it's going to be

employing in this course

and I'm going to give you a general

overview of the type called unquote of

trades this approach specializes in and

what you should adopt as realistic

expectations

and we're to introduce you to the mo and

usual targets and I'll give you an

assignment for homework and it's going

to be the mark

I will trading platform are we going to

be utilizing in these teachings and what

do I use for my own analysis in my

videos that you see on YouTube and on

the unit circle trader.com website well

I use for XCOM Ltd now it's very simple

you guys can go to Google and Google

that just as you see it here on the

screen and it will give you a

opportunity to download the mt4 that's a

letter M is in Michael T isn't Tom for

Metatrader

platform it'll be it's a free download

now before we get into all the debates

as to what platforms useful and you know

which ones better blah blah blah I'm not

gonna argue which ones better

okay I'm more or less gathering everyone

to one pool it's up to you whether you

want to drink from it or not okay so a

lot of the tools that I shared that are

for free I don't sell anything I also

advise I don't give signals or anything

I got I give resources tools and

concepts for you to employ and use in a

demo account setting I do not advocate

you using live funds so everything you

learn here is just for your development

on a personal scale I'm just gonna hint

in point in direction and it's up to you

to walk there and find it on your own

okay so now with forex.com ltd again

it's simply for the utilization of their

demo account i do not trade live funds

through forex.com ltd okay i simply use

it for a demo account only and because

it's a free resource it allows me to

share a universal medium that everyone

can employ you can trade through your

own individual platform if you choose to

but for the the concepts that we're

gonna be covering in here the tools that

I'm gonna be sharing and the indicators

that you will be using or plug in play

with mt4 okay so just so you know that

you you're not locked into using this

but there's gonna be some tools that are

rather unique to the mt4 platform and

it's just a plug and play type scenario

now I do not recommend you trade flight

trade live funds with Forex comm Ltd

okay because I'm not an introducing

broker I'm not acting as an introducing

broker and I'm not a trade advisor and I

have no affiliation with Forex comm Ltd

I have no affiliation really with any

brokerage firm whatsoever so please

don't ask me which one I recommend if

you choose to trade live funds

don't do that it's up to you there's

plenty of brokers out there that you can

choose from I advise the viewer to use a

demo account for practice purposes ok so

again I can't stress it enough forex.com

Ltd is simply being utilized in my

capacity as a mentor in the demo account

setting only and ideally you want to use

it demo account balance when you open up

your demo account with forex.com Ltd or

if you choose to do something else

outside of the tools that I shared for

platform and purposes it choose a

account balance that you would be

actually you realistically employing if

you were to go to live trading

all right what trades are classified as

sniper setups

well precision point entry prices that

are applicable for use of limit order

entry now if you're not accustomed to

what a the limit order is we're going to

cover that in later modules and we're

going to actually give you live examples

of when you would utilize that in your

demo account and how that works in favor

of getting you the best possible entry

price and limiting your your risk in

terms of your stop-loss it's very useful

in terms of controlling your overall

risk and exposure to the market but it

doesn't completely eliminate the risk it

just helps you determine is precise as

you possibly be in terms of your actual

entry price versus what you may get if

you did a market order and the slippage

that comes along with that

utilization of specific time of day

criteria so we're gonna be talking about

specific times of the day that the forex

market sets up rather routinely in terms

of specific price swings and how we can

utilize that so by coupling precision

point entry prices and utilizing time of

day that between those two right there

that really classifies it as a sniper

setup because we know exactly what we're

looking for in advance and we wait for

that to unfold now we also will have an

advanced knowledge of target prices for

positive exit points in other words we

anticipate where price may be reaching

to and based on that understanding what

specific price levels we may be looking

to exit at in our demo trades and the

employment of strict risk management

protocols in other words how much money

are we risking and how we quickly

removing the risk and controlling the

risk throughout the trade

and calm and focused disciplinary

trading without emotions and impatience

that last one right there is a doozy

it's very very difficult for majority of

traders out there to obtain this level

of trading but I can assure you it comes

with time and it comes with a strict

adherence to the process of trading and

that means finding what niche you're

best suited for as a trader and it may

be a specific time frame like you know

you may be a good short term intraday

scalper you could be a you know a swing

trader it could be a short term trader

you know in and out in a day or two or

you could be a position trader okay

we'll give you some tools and concepts

to help discern what that is for you on

a personal level

all right what realistic expectations

should you hold

well let's first start off with the

realistic as you can get you will lose

money live and/or demo money with these

concepts I cannot guarantee 100% trading

no one can no one ever will and just

don't expect it you will not profit on

every setup as much as the setup may

look like textbook conditions you're

gonna still lose eventually on what may

be the best-looking cherry setup you can

possibly have and you still will see it

fail okay because there's nothing

perfect and in trading and you just

can't obtain that level of trading

obviously and you're obviously gonna

miss opportunities so you may sleep

during a particular time of day or you

may be taken away you know by either

attention or physically away from the

charts and so you can't take an

opportunity maybe you were stalking

expecting it to set up and you

unfortunately missed it you're gonna

have to expect that in all levels of

your trading I mean I have been trading

for almost twenty years and there's a

lot of setups that I see coming but I

just I miss it by a number of things and

it's no reason for me to beat myself up

over it I just know that that trade

wasn't mine the next one's gonna come

around it's just like buses they'll come

by if you wait around long enough you'll

see the next one come

I promise no wealth or easy journey to

riches now this is gonna require you

work okay I'm gonna give you some

specific criteria if you stick to it I

promise you your understanding of the

market will greatly increase and you'll

be lightyears ahead of everyone else

now theoretically the concepts will lead

to a better understanding of trading for

you every individual trader or

developing trader that are watching this

video series will not have identical

results okay so if you guys talk in chat

rooms or if you share forms do not

compare notes in such a way where okay

how much money did you make on that

demet rate versus what I made it's

completely unique and that's one of the

beauty of trading because you don't have

to limit yourself to what everyone else

is doing just simply because the tools

I'm sharing right now are being

universally shared you may develop

another level of understanding on a

personal level with these tools and

you'll make them your own

and by subtly blending what you're

comfortable with as a trader someone

that may be a 30-minute chart trader it

will make significantly far less than

someone that is utilizing a 4-hour chart

in the setups that setup on that time

frame are going to be much larger in

terms of magnitude so it's very

difficult for one to reasonably

realistically expect your results to met

everyone else doing it okay so think

about it there's so many other guys and

mentors and teachers out there and

authors of books why aren't we all

having the same results because it's a

unique experience okay and that's what

makes this so difficult because it's not

a team effort it's not a team sport and

you're not gonna win by everybody else

doing you know doing it with you okay

now that we can cultivate a learning

environment like we're doing here and in

forums and such but actually getting in

the trenches clicking the mouse and

getting into trades and and and

suffering the drawdown and/or the riches

that come with profitable execution

that's all on a personal

and no one can share that it's

completely and uniquely yours

and you have to more or less accept that

okay so going into this understand that

you're leading yourself to a better

understanding of trading but you're

always going to be theoretically a

student of price

and always focus on success being

measured in small incremental steps and

you're going to have to really submit

the time because while these concepts

we're gonna be really really

concentrated in later portions of this

series it doesn't take away the work

portion and the time that's needed for

you to warm up to the concepts simply

seeing in one or two examples in the

video format is not going to be enough

you're gonna have to be in the charts

hunting looking at it up studying it in

hindsight and anticipating it in the

future so you got to submit the time now

realistically what am I talking about in

terms of time if you're not willing to

put six months into these concepts turn

it off now you're wasting your time and

you're really you're doing me no service

at all because I'm putting a lot of

effort into this so you should be doing

the same thing invest the time is needed

and I'm talking minimum six months

all right what ammo will you use and

what targets

well the methodology that were sharing

here is based on a principle I learned

in 1994 yes I was trading way back then

now the principle is triple screen and

it's found in a book titled trading for

a livin now this was one of those little

gems that I was in Columbia Maryland and

I reside in in Baltimore Maryland it's

in the United States in case you were

wondering where that's at

and we had a traders library it was a

store that really was mainly mail-order

over the internet type deal but it just

happened to be in Maryland so I was

fortunate to be able to drive there and

go through their bookshelves and find

some you know really interesting books

but because I was a fledgling technical

analyst and I didn't have a whole lot of

money to start with I was I was very

shocked to see how much these books were

being sold as and trading for a living

that title was exactly what I was

looking for and think about it if you

want to be getting into this industry as

a trader you know with no understanding

whatsoever except for the desire to want

to make money and to sit home doing it

that you couldn't find a better title

book than that in trading further and

that's exactly it personifies what

traders do this for you know they want

to sustain themselves with just this as

their means of income so

I purchased the book and I'll be honest

when I first read I was like man this is

ridiculous I can I can't I can't get

anything out of this

so I basically wasted like $40 and at

the time I thought that and later on

when I got a little bit more mature in

terms of what I was expecting out of

price charts and such

I found that latter chapters in his book

I think if my memory serves me its page

2 you want an 85 or there abouts it's

his concept of utilizing multiple time

frames and I framed the concepts on

Alexander elder which is the author of

trading for a living so ideas and maybe

made subtle changes really but if you

really study these concepts you're gonna

find the fingerprint of elder all

through this okay and if one could claim

authors of books as mentors you know

obviously he was my my first one if you

will

majority of my other work comes from

Larry Williams

now the premise is really to determine

the likely direction of the market and

then enter in that direction only now in

case you're wondering if it was just

that one chapter that was useful I'm

gonna recommend to you now that read the

entire book because it was my first

trading text but it was my first aah ha

manual because there's so many gems

tucked inside the texts it's it's it's

really rich just the first few chapters

dealing with psychology you know being a

young guy and just impatient and I have

OCD and I have attention deficit

disorder and I have a very difficult

time focusing and a lot of that stuff

because I grew up in an environment that

when you read this you'll understand I

had a lot of similarities and the type

of people that elder was describing as

problematic people in terms of trading

and how they have to overcome

adversities psychologically and how more

or less it's a loser's mentality that

they have and what you're gonna have to

do to get beyond that and I think it's

an excellent read so don't just take the

chapter on triple screen as the only

real nugget in that book it's it's it's

chock-full of all kinds of wonderful you

know insights but really the crowning

jewel is the triple screen chapter and

then obviously all of the psychological

write up that he does earlier in the

book

okay we are going to give a homework

assignment okay and it's going to be the

mark now every sniper knows there is a

target out there that he has to acquire

scope up and in takedown no we're not

going into a large list of technical

things but I'm going to give you an

assignment for you to study now I'm not

going to limit you to any particular

pair you can use this assignment on any

currency pair you want but in this

example I'm going to share with you and

we're going to be utilizing the fiber

which is the eur/usd pair okay hello

folks we are now looking at the mt4

platform and we're gonna open up a chart

I'm gonna use the eur/usd pair and we're

gonna double tap the header of the chart

and it'll maximize it

and we're gonna change it to a

candlestick chart and we remove the grid

by hitting our right mouse button go

down the grid where you can hold down

the control button hit G and a remove

your grid in the background and we're

gonna set this to a more friendly to the

eye color scheme and I right clicked on

the mouse button and it gives me this

menu where I put the properties in and

our in this little toggle box I'm gonna

click on black on white that sets the

chart to this our viewing setting and I

hit the shift key here which sends the

chart back away from the right edge now

I like to have a little bit of open

space over here the amount of open space

that you may or may not want is up to

you but you can slide that little

triangle here by clicking on it with

your left mouse button and then just

moving it along where you want it

wherever you drop it that's where the

chart will end okay so now what we're

going to talk about here is I'm going to

show you a 15 minute chart and I'm gonna

ask you to look at this chart okay and I

want you to study it and tell me what

you see

after a period of time now I'm not

asking you to

send it obviously you and me might like

that I want you to send it to the thread

at FX dears comms forum thread and it's

the thread that's soft titled with this

video series very easy to find what

we're looking at here is a specific

price model that we're going to cover a

great detail during this eight part

video series and I promise when you're

done studying this you're going to have

far greater understanding and price

action than any other resource available

on the internet or on book you're

talking about something that is so

generic it's going to be always seen in

the marketplace and on any timeframe

okay but for real world purposes okay

for you to study I want you to use this

example here okay and start with August

2013 and right now at the time of this

recording

it is

August 14th okay and what I'm looking

for is in terms of a repeating theme of

what price is doing and how it could be

anticipated going in the future and I

also want you to note specific

criteria that you see repeating in the

way price is moving from one swing point

to the next okay and what is a swing

point swing points are like this here

just low with higher lows when you

decide of it here's a low with higher

lows on either side of it every turning

point here okay these are all swing

points now if you don't understand what

a swing point is and you're if it's

going a little too fast for you the

easiest way for you to learn to see what

the swing part swing points are rather

on mt4 if you go up to their little

insert tab click on that go to

indicators and go over to Bill Williams

section in the top of the list it'll say

fractals okay if you click on that it'll

give you a little box here now I'm going

to keep it red and if you use this over

here this will tell you how big you want

these fractal arrows errors to appear on

your chart now I'm going to use this

setting here and I'm gonna click OK and

what that's done is it creates all these

little arrowheads okay the arrowhead

just delineate a point at which when one

candle is surrounded by two higher load

candles for our swing low in this case

it would be here and for a swing high it

would be a candle that has two lower

highs on either side of it now I'll zoom

in a moment to give you a better view of

what that looks like for now

you're not gonna utilize every single

one of these obviously okay but what I

want you to do is I want you to train

your eye okay and zoom in just for a

little bit you can't I'll give you an

example of what this is delineating here

the fractal arrow to take the toggle off

so it doesn't move around as I'm talking

we'll use this one here this fractal hi

has a lower candle to the left of it and

to the left of that it's a lower candle

okay and you know what's this candle

here has a lower hide candle and a lower

high candle

so both these candles on the right have

highs that's the lower than the high of

this candle and these candles here on

the left of it have lower highs in this

candle high so then the mt4 platform

will mark this as a fractal high okay

now as we all learn in later video

modules in this series I do not require

waiting until two candles after the

highest form okay it's many times you'll

see that you'll miss the optimal entry

point in terms of taking the trade okay

and vice versa and looking at the low

here if you see a low with two higher

load candles on the left of it and two

higher load candles on the right of it

that would be a marker for a fractal low

or swing low now look at this chart for

a second before we take the fractal

indicator off

and now we're just gonna take this

indicator off and now I want you to look

at the chart again can you see those the

same reference points without having

that tool applied to the chart because

that's what you're gonna have to learn

to do okay because you need to see these

forming in real time and right now I'll

give you an example we have one forming

here

this is a live price chart it's not

recorded I'm not dubbing over something

in the hindsight this is really

happening right now and we have a low

with a higher low here and a higher low

here that in itself is a swing low so

this could be a short-term load that may

see price move higher from now we can't

just base that simply on that alone

there's got to be other things another

criteria to add to it but that's what

you'd be looking for as a potential

turning point if you look at every

turning point or swing in the

marketplace you can see that that

pattern exists it's very generic it's

there all the time you have a high with

two lower highs surrounding okay

every high and low swinging up down up

down that natural ebb and flow in the

marketplace is seen with this

characteristic and price action now

let's go out to an hourly chart

and we're gonna go and look at another

sample size of price action and we're

gonna look at the beginning of July

we're gonna look at the first week of

July

yeah this is good right here

okay and I want you to study this sample

size India as well okay so we're looking

at July first to say July 9th okay and

let's hold down the control key on your

mouse I mean I'm sorry on your keyboard

and hit the letter Y as in the word yes

and that'll give you your vertical

delineating bars okay and what this is

doing is the double lines is a Sunday

this Mondays trading this is Tuesdays

trading in between the two vertical

lines

here's Wednesday's Thursday and Friday's

trading and then we start a new week on

Sunday I want you to study June 1st to

June 5th okay in other words this whole

pocket of price action

this right here okay so when you have

your platform downloaded and set up

at the default settings on to change

anything yet we're going to talk about

all those changes and then all the

little cool indicators along the way as

we go through each video I promise you

this is gonna be the most boring one but

if you put the work in now well I'm

asking you look for here my promise when

you look at the last video in this

series these two sample sizes of price

data it's going to be amazing okay and

you're gonna be floored by what you'll

understand by that point okay so now

looking at this sample size and data

okay the questions I want you to focus

on in terms of study is I want you to

look at every swing point in this sample

size I also want you to look at the time

of day that those turning points

occurred

and I want you to look at the direction

of which made the most in terms of pips

obviously you can see it's been in a

Down move but what characteristics were

synonymous with just about every single

one of these turning points and I've

promised if you study it not just simply

on one-hour chart but break it down into

a 15 minute chart basis and if you look

at a 5 minute basis that'll also be more

insightful to you as well don't be

discouraged when we go to part 2 and I

show you some things that you should

glean from the price action with no

understanding whatsoever about technical

analysis you should still understand

time and price ok know there's what time

of day did these particular swings take

place and empty for is generally setup

is a GMT platform so there's all the

time at the bottom of your chart here it

is this is all GMT time ok and I want

you to take notes write it down in a

book ok and get yourself a little

notepad okay and this is your your

workbook for this whole video series

you're gonna have pages of notes by the

time we're done I promise you and the

notes that you collect along the way are

gonna be worth their weight in gold ok

because this is insight so you just

don't get anywhere else and it's nearly

two decades worth of insights that's

coming to you for free ok so I want you

to appreciate that because it takes a

lot for me to you know number one put

these together in terms of a teaching

and also be able to have a sense of

continuity and hopefully get you to an

end result that was in mine from the

beginning which is a greater understand

price action and you as a trader in how

to utilize that insight gleaned in your

own demo trading and development as a

trader

so now again key points are what time of

day every turning point in this sample

size and the one we showed before and

what price levels did they occur at okay

and it means you need to be marking up

your chart drawing lines okay and make

scribble it up okay I mean don't be

afraid to put notations on your charts I

know why guys you know in the beginning

trying to learn they try to keep the

charts clean when you understand what

you're looking for then it's advisable

I'd like to keep my charts very clean

but in the beginning be messy okay it

make it fun get in there and draw some

notes on this stuff and in fact if you

go to say you have this chart like you

have it here okay go up to file okay and

you want to save as picture and you just

click active workspace and I'll show you

what happens when you do that

by doing that empty four will generate a

image file of the your actual workspace

and by doing that you'll be able to have

a image file that will be in your web

browser and let's move over to that now

and you take a look at what it's done

okay you can see it created an image

file okay and it's exactly what your

chart showed an empty for platform now a

zoom a live as you can see but it gives

you all the detail and data here and you

scroll up you can see everything here

now it's to me I would advise you to

take this image and print it out print

it out and draw your lines on it with

your own hand with your pencil ruler do

it like that okay and get used to

marking up the charts putting lines in

and support resistance levels and make

notations a time and price and then I

promise you if you do this every single

day for one pair and it doesn't have to

be the fiber eur/usd pair it could be

either capable bridge around USD it

could be the Japanese yen it could be

the Kiwi it could be the Australian

dollar it could be the beast you know

you're again British pound yen any any

of any pair of your choosing it's not

important as to which one you're

choosing but get real close to price

action by studying one pair it could be

the dollar index as well but what's

you're gonna be doing is you're gonna be

building at least 30 days worth of

sample size data okay you want a whole

month's worth okay that means you're

gonna have to explain actually spend a

little bit more than an actual one

calendar month okay because you don't

have 30 trading days in a month okay so

now what you're gonna be doing is you're

going to be collecting at least 30

sample size of actual trading days 30

trading days and I want you to do that

with a five-minute chart and I want you

to do that with a 15 minute chart for

every single day going forward for

whatever particular pair you'd like to

trade and I want you to mark off every

single time the market turns intraday it

makes the higher low of the day I want

you to make a reference of what time it

does it and what time it ends the

opposite end of the range in other words

what time did it make the high of the

day and what time they make the low of

the day and you need to do this for 30

days and I promise you by the time again

we get that exercise you're gonna have

immense not understanding of price

action and what routinely happens in the

financial markets

you