The Game Changer to ICT Concepts: IRL & ERL

Summary

このスクリプトは、内部と外部のレンジリクイドITYの関係性と、それらが市場の価格動きを理解する上でどのように重要な役割を果たするかを説明しています。時間軸の調整、リクイドITYの種類、そしてそれらがどのように価格の動きを予測するのかを学ぶことで、投資家は市場のバイアスを理解し、より高い確率での取引の機会をつかみます。

Takeaways

• 📈 内部範囲流動性（IRL）はチャート上の不公平な価値ギャップを定義し、外部範囲流動性は古い高値と安値を定義します。
• 🔄 市場価格は内外範囲流動性を繰り返し引き寄せます。古くて高い値や低い値、または不公平な価値ギャップを目指します。
• 📊 時間軸の調整は重要で、週次レベルから日次レベル、さらには4時間レベルへと順に適用できます。
• 🔄 内部範囲と外部範囲流動性の関係を理解することは、市場の動きを予測し、価格の次にどこに引き寄せられるかを理解する鍵となります。
• 📈 外部範囲流動性が吸収された後は、内部範囲流動性に移動する可能性が高く、その逆もまた然りです。
• 📊 例としてオーストラリアドル/USDの月次チャートでは、外部範囲流動性が吸収された後には、内部範囲流動性（不公平な価値ギャップ）が次の引き寄せポイントとなります。
• 📈 GBP/AUDの週次チャートでは、外部範囲流動性が吸収された後、直ちに内部範囲流動性（不公平な価値ギャップ）が次の引き寄せポイントとなります。
• 📊 時間軸の使用方法は、高時間軸のチャートを使用することで、市場のバイアスをより明確に設定することができます。
• 🔄 市場の動きは単純なパターンの繰り返しです。外部から内部、内部から外部へと連続的に価格が移動します。
• 📈 例えとして、USD指数の日次チャートでは、外部範囲流動性が吸収された後には、内部範囲流動性（不公平な価値ギャップ）が次の引き寄せポイントとなります。
• 📊 理解すべき最大の誤解は、低抵抗流動性ランがチャート上の脆弱なパターンだけであるという考え方です。実際には、高時間軸のPDAに基づいたものです。

Q & A

内部範囲の流動性（IRL）はどのように定義されますか？

内部範囲の流動性（IRL）は、チャート上の公正な価値ギャップ、つまり不均衡によって定義されます。

外部範囲の流動性（ERL）はどのように定義されますか？

外部範囲の流動性（ERL）は、古い高値と古い低値によって定義されます。

価格が古い高値または低い値を突破した後、次に何を目指すでしょうか？

価格が古い高値または低い値を突破した後、次に内部範囲の流動性、つまり公正な価値ギャップを目指します。

内部範囲の流動性と外部範囲の流動性はどのように相互作用しますか？

内部範囲の流動性と外部範囲の流動性は、市場がどこに引き寄せられるかを理解する重要な鍵となります。外部範囲の流動性が消費された場合、内部範囲の流動性に価格が引き寄せられることがあります。逆も然りです。

時間軸の調整とは何ですか？

時間軸の調整は、市場の構造を理解するために使用される方法であり、週次レベルから日次レベル、さらには4時間レベルへと繋がります。価格はフラクタル的な性質を持っており、異なるレベルの範囲を使用して、市場の動きを予測することができます。

オーストラリアドルと米ドルの月次チャートで、どのようになにを探るべきですか？

オーストラリアドルと米ドルの月次チャートでは、外部範囲の流動性が消費された後に、内部範囲の流動性として公正な価値ギャップを探るべきです。

GBP/AUDの週次チャートで、次に何を目指すでしょうか？

GBP/AUDの週次チャートでは、外部範囲の流動性が消費された後、次に目指すのは、チャートに存在する不均衡、つまり公正な価値ギャップです。

日次チャートで見ることができる、GBP/CHFの例はどのように説明していますか？

GBP/CHFの日次チャートの例は、外部範囲の流動性が消費された後に、内部範囲の流動性に戻ることを示しています。さらに、日次チャートでは、より明確な取引の機会を見つけることができます。

時間軸の調整を使用する際の重要なポイントは何ですか？

時間軸の調整を使用する際の重要なポイントは、高い時間軸のチャートから低い時間軸のチャートまで、価格の動きを理解することが重要であることです。これにより、市場の動きを予測し、取引の戦略を立てることができます。

取引の際に、どのようにして取引のタイミングを決定するでしょうか？

取引のタイミングは、内部範囲の流動性と外部範囲の流動性の関係を理解することによって決定されます。例えば、古い高値または低い値が突破された後、次に公正な価値ギャップを探し、そのギャップに入って取引を行うことができます。

低抵抗の流動性ランはどのように機能するのでしょうか？

低抵抗の流動性ランは、チャート上の脆いパターンのようなトレンドラインや同等の高値や低値のようなパターンではなく、高い時間軸のPDAs（Premium/Discount Arrays）を基にして機能します。これらのトレンドは、市場で一方通行の流れを引き起こす可能性があります。

Outlines

00:00

🔄 内部および外部範囲の流動性と価格行動の理解

このセクションでは、内部および外部範囲の流動性の関係とそれが価格行動の読み取りにどのように影響するかを説明します。内部範囲流動性（IRL）は、チャート上の公正価値ギャップまたは不均衡によって定義され、外部範囲流動性は古い高値と低値によって定義されます。外部範囲の流動性が取り除かれた後、公正価値ギャップが次の流動性の引き寄せとなります。講義では、月次、週次、日次のレベルとそれに対応する構造を使用して、これらの流動性の種類をどのように使用できるかについても議論されます。この理解は、市場がどこに移動する可能性があるかを予測するための基礎となります。

05:01

📊 月次、週次、日次の分析を通じた市場の理解

この部分では、月次、週次、および4時間ごとのチャートを使用して、市場の動きをどのように解釈し、予測するかに焦点を当てています。オーストラリアドル/米ドルの月次チャートを例に取り、外部範囲流動性がどのように評価され、次に内部範囲流動性に焦点を当てるかを説明しています。このアプローチは、市場がどのように内部から外部の流動性へと移動し、逆もまた真であることを示しています。また、GBP/AUDとUSDインデックスの週間チャートも分析され、市場がどのように外部と内部の流動性間を往復するかを示しています。この理解は、市場のバイアスを形成し、インターデイの取引機会を特定するのに役立ちます。

10:06

🔄 市場動向の予測における内部と外部の流動性の繰り返し

このセクションは、市場がどのようにして外部の流動性から内部の流動性へと移動し、そしてその逆がどのように発生するかを詳細に説明しています。特に、市場が高値や低値を更新した後に、どのようにして公正価値ギャップ（内部範囲流動性）に引き寄せられるか、そしてその後に外部範囲流動性へと移動するかの例が示されています。この繰り返しのパターンは、市場の動きを予測する上で重要な役割を果たし、トレーダーがより確実な取引判断を下すのを助けます。

15:06

📈 内部と外部の流動性を利用した高確率の市場分析

この最後のセクションでは、内部と外部の流動性の概念を月次、週次、日次、4時間チャートに適用することが、市場の動向を予測し、取引のバイアスを形成する上でいかに重要であるかを強調しています。外部範囲の流動性から内部範囲の流動性への移動、またその逆の過程は、市場の動きを理解し、有利な取引機会を特定するための鍵となります。このセクションは、市場分析のための高度な戦略とテクニックを提供し、トレーダーが市場の方向性をより正確に予測できるよう支援します。

Keywords

💡内部範囲流動性（Internal Range Liquidity）

内部範囲流動性は、チャート上の不公平な価値ギャップ（fair value gaps）によって定義されるもので、市場の価格動きにおいて、このようなギャップが埋められることが一般的に期待されます。ビデオスクリプトでは、内部範囲流動性が市場の価格動きの理解において重要な役割を果たすことが強調されています。例えば、外部範囲流動性（old highs and lows）が消費された後に、市場は内部範囲流動性に引き寄せられることが説明されています。

💡外部範囲流動性（External Range Liquidity）

外部範囲流動性は、過去の高値や安値によって定義されるもので、市場の価格がこれらのレベルに戻る傾向があることを示しています。ビデオでは、外部範囲流動性が消費されると、市場は内部範囲流動性に向かうことが期待されるというルールが説明されています。また、外部範囲流動性は、市場の動きを予測し、価格がどこに向かう可能性が高いかを理解する上で重要な役割を果たしています。

💡流動性の関係（Relationship between Liquidity）

内部範囲流動性と外部範囲流動性の関係は、市場の価格動きを理解する際に重要な要素です。ビデオスクリプトでは、これらの流動性の相互作用を理解することが、市場の動きを予測する上で欠かせないことが強調されています。例えば、外部範囲流動性が消費されると、市場は内部範囲流動性に向かうことが期待されるというルールが説明されています。

💡時間枠の整合（Time Frame Alignment）

時間枠の整合は、異なる時間枠のチャートを組み合わせて市場の全体的な動きを理解する技術的な分析方法です。ビデオスクリプトでは、月次レベルから日次レベル、さらには4時間チャートに至るまで、異なる時間枠でのレベルを組み合わせることで、市場の動きを予測することができると説明されています。

💡価格行動の理解（Understanding Price Action）

価格行動の理解は、市場の価格がどのように動くかを分析し、その動きから未来のトレンドを予測するスキルを指します。ビデオスクリプトでは、内部範囲流動性と外部範囲流動性の関係を理解することが、価格行動を読む能力を向上させる重要な要素であることが強調されています。

💡予測スキル（Anticipatory Skills）

予測スキルとは、将来の市場の動きを予測する能力です。ビデオスクリプトでは、内部範囲流動性と外部範囲流動性の関係を理解することが、価格の動きを予測する予測スキルを構築する上で欠かせないことが説明されています。これらのスキルを磨くことで、市場のトレンドをより正確に予測することができるようになります。

💡不均衡（Imbalances）

不均衡は、市場の供給と需要が一致していない状態を指します。ビデオスクリプトでは、不均衡が市場の価格動きに影響を与えるため、分析において重要な要素とされています。不均衡が発生すると、市場はその不均衡を解消するために動き、不公平な価値ギャップ（fair value gaps）を埋める傾向があります。

💡価格の誘導（Drawing to Price）

価格の誘導とは、市場の価格が特定のレベルや範囲に向かって移動することを指します。ビデオスクリプトでは、内部範囲流動性と外部範囲流動性との関係を理解することで、価格がどこに向かうかを予測することができると説明されています。価格の誘導は、市場のトレンドを理解し、取引の戦略を立てる上で重要な要素です。

💡トレードの入り方（Entry to Trade）

トレードの入り方とは、市場に参加するためのエントリーポイントの選択を指します。ビデオスクリプトでは、内部範囲流動性や外部範囲流動性を使用することで、より効果的なトレードの入り方を見つけることができると説明されています。特に、不均衡を利用したエントリーは、市場の動きを利用したスマートな取引戦略の一環となります。

💡市場のバイアス（Market Bias）

市場のバイアスとは、市場が特定の方向に傾いている状態を指します。ビデオスクリプトでは、内部範囲流動性と外部範囲流動性の関係を理解することで、市場のバイアスを判断することができると説明されています。市場のバイアスを正確に判断することは、取引の成功に直結する重要な要素です。

💡時間枠のチャート（Time Frame Charts）

時間枠のチャートとは、市場の価格データを特定の時間枠で表示したチャートを指します。ビデオスクリプトでは、月次、週次、日次、4時間チャートなど、異なる時間枠のチャートを組み合わせることで、市場の動きをより正確に分析することができると説明されています。時間枠のチャートは、市場のトレンドを確認し、取引のタイミングを決定する上で重要なツールです。

Highlights

The lesson covers the concept of internal and external range liquidity, which is a key turning point for understanding price action and market behavior.

Time frame alignment is crucial, with price levels ranging from monthly down to hourly structures, demonstrating the fractal nature of the market.

Internal range liquidity (IRL) is defined by fair value gaps and imbalances on the chart, which are critical for identifying potential market movements.

External range liquidity is characterized by old highs and lows, which the market tends to revert to after a fair value gap is filled.

The interaction between internal and external range liquidity is essential for anticipating price movements and market draw points.

The market's behavior can be predicted by understanding that it oscillates between old highs and lows and rebalancing imbalances.

The concept of external to internal range liquidity serves as a catalyst for price to move towards fair value gaps and vice versa.

The market's repetitive pattern of moving from external to internal and back again provides a clear and consistent framework for analysis.

Understanding the relationship between internal and external range liquidity is fundamental for establishing a high-probability daily bias.

The use of higher time frame charts, such as monthly and weekly, can help frame bearish or bullish bias over extended periods.

Fair value gaps often serve as the next draw on liquidity after external range liquidity has been taken, marking a shift in market focus.

The market's movement from external range liquidity to internal range and back can be observed and utilized across various time frames, from daily to hourly charts.

The ability to recognize and trade into imbalances within price ranges can lead to successful entries and anticipatory skills for market direction.

The importance of understanding premium and discount levels within the context of fair value gaps for making more informed trading decisions.

The lesson emphasizes the significance of higher time frame price development activities (PDAs) in framing low resistance liquidity runs.

The method presented is not only about identifying patterns on the chart but also about understanding the cause-and-effect relationship between different levels of liquidity.

Transcripts

the next topic we're going to cover is

internal and external range

liquidity this lesson is what's going to

be the turning point for most of you

this is what makes buyers easy you

really want to get your notepad out for

this one guys and understanding the

relationship between these types of

liquidity will unlock your ability to

read price action also very important

back test as

always going to be talking about time

frame alignment we're talking about

monthly levels into a daily structure

we're going to be using weekly levels

into a 4our structure we can use a daily

level into a 1 hour structure so price

is fractal right so understanding

external to internal we can use these

different types of levels on the monthly

weekly and daily levels and using their

corresponding structure on The Daily 4H

hour and 1

hour the relationship between internal

and external range liquidity and how

they interact is the key turning point

in really understanding where the market

is likely to draw to I consider this

lesson one of the most important if not

the most important one in the mentorship

so grab your notepad guys make notes and

back test the understanding you will

learn between these two is the

foundation to building the anticipatory

skills for Price movements and

understanding where the market is likely

to draw

to now what is internal and what is

external range liquidity internal range

liquidity or IRL is defined by fair

value gaps so imbalances on your chart

external range liquidity is defined by

old highs and old lows when external

range liquidity is taken a fair value

Gap becomes the next draw on liquidity

and when a fair value Gap is stacked an

all old low or a old

La

again and when if a value Gap is stacked

an old low or an old high external range

liquidity becomes the next

draw now we have a crude schematic over

here on how to see where internal and

where external range liquidity is we've

got this move

up starting from here so we have

external range over here which is an old

low right we move up going down down

down taking out that low so that is

external range liquidity right because

there's a old low down here now price

only does two things right it goes to

Old highs and old lows or seeks to

reprise into imbalances so in this range

where we draw lower from there was a

fair value Gap or an imbalance up higher

price took out external range liquidity

so what is the next thing price will do

price will draw to internal next which

is that fair value Gap so

think about it when you see a old high

or a old low get rated you want to

either look for an imbalance inside that

range to get repriced into right and

then once that get hit gets hit we can

move for the next one which is external

again same over here only reversed right

we have external range liquidity over

here as in an old high price moves lower

forms a swing low expands up higher

taking out that EX external range

liquidity in the process of taking out

that external range or old high over

here we form an imbalance down here

which could be a fair value

Gap then price moves back into that fair

value Gap after taking out external

range liquidity right and then when we

hit that internal range we want to go

for external

again as explained earlier price only

does two things it draws to Old highs

and old lows and it rebalances an

imbalance so there's literally nothing

else price does and with that in mind it

becomes very clear after you see old

highs or old lows getting rated what are

we going to look for next right we're

going to look for an imbalance where we

can trade into and let's say we are in

bearish order flow and we take out an

old low there's probably a fa value Gap

in a premium level on that same

structure we can look to trade and buy

into that old uh after that old low has

been rated we can buy into that fair

value Gap and once that fair value Gap

hits and it respects it we can look for

external range again right the flow of

the marketplace is that internal range

liquidity being tagged will be the

Catalyst for price to draw to external

range liquidity and vice versa and

external range liquidity being taken is

the Catalyst for price to draw to

internal range so it's only this and it

repeats as simple as that after time

after time it repeats like this external

to internal inter internal to external

using this understanding on the monthly

weekly daily and 4H hour is the key

you've all been looking for when it

comes to daily bias all right we've got

a Australian dollar US dollar monthly

chart over here now let's look where is

the monthly external range liquidity

over here right so we rate this external

range now without going further what

where does your eye draw

into you should be looking at a internal

range liquidity in the form of a fair

value Gap right so after external gets

rated where do we want to reach into we

can see this imbalance down here which

is a fair value Gap right

so if you looked at this area after we

got this external range liquidity rated

you're on the right

path and we can see this monthly

internal range liquidity in the form of

a fair value Gap gets stacked now what

happens

afterwards

right let's look at this from a daily

perspective right we take out a monthly

external range liquidity Now using daily

structure to frame our setups what are

we going to be waiting for after this

monthly external range liquidity has

been taken we're going to look for a

monthly internal range to be the drawn

liquidity we have this outlined down

here now we need to wait for a little

bit of confirmation as always right

right so we wait for a break of

structure that happens after we rate the

monthly external break of structure down

here return back into premium and it

continues down into that fair value

Gap example of AUD USD monthly chart as

you can see external range liquidity

defined by the old high gets taken and

price starts to trade away from the high

so your eye should immediately go to

that bullish fair value Gap below market

price as the next draw on liquidity

because external range liquidity being

taken is the Catalyst for price to draw

to internal range liquidity which is

that fair value

Gap when we look at the marketplace with

this understanding of the relationship

between the two and we blend that with a

higher time frame charts your

understanding of price and where it's

likely to draw next should really start

to materialize we can see just from this

understanding on a relationship between

the two being used on a high time frame

monthly chart we have managed to frame a

bearish buas for the whole two months so

think about it right you can have a

clear draw on liquidity for two entire

months all right we've got a GBP AUD

weekly chart over here again let's look

at it from here weekly external range

liquidity has been taken where is your

eye drawing

to do we see any imbalances down

here

nope where do we see an imbalance right

down here so with that IM imbalance

being present down here this fair value

Gap your eyes should immediately go

there for the next draw on liquidity

external range has been taken so what

are we going to look for next internal

range right weekly internal range

liquidity over here and it draws in

there

perfectly now we've hit that Weekly

internal range

liquidity think about it right external

to internal now we're in internal where

are we going to draw into next where is

your eye

going right external range liquidity

over here it's as simple as that

external has been rated over here we

draw back into internal internal has

been tacked where are we going to go we

going to go to external it's simple as

that so that Weekly external range

liquidity that old high has been

liquidated after going into

internal and looking at the daily chart

now it's we can see how we can frame our

bias on The Daily right so this was the

draw on liquidity we're drawing lower

lower lower right and then hitting that

Weekly internal range liquidity so we

went from external remember back to

internal now we've hit that internal

range liquidity going into a market

maker buy model right this is the sell

side of the curve over here then we're

going into buy side of the curve over

here because we hit a higher time frame

discount array right is a f Gap so now

we're going to reach for external range

liquidity and the first external range

liquidity which is very obvious is this

long Wick here right so we're going to

eye up this liquidity which is also a

break of structure after we hit that

higher time frame array now when the

market displaces over here we have

internal range liquidity formed right so

again we go from external over here

where do we want to go we have internal

right back into internal and after we

hit that internal where do we want to

go external again right so we have this

old high up here which is external range

liquidity and you might think but wait a

minute I thought this was external range

liquidity right but in this whole bigger

range every swing high or swing low is

external range liquidity and that

remember internal range liquidity will

be that fair value Gap we're looking for

to to mitigate with and continue

up so same case over here we take out

this external range liquidity again

where are we going to

go do we see any fair value gaps yes we

have this one and we have a fair value

GB down here but why why why are we not

taking this fair value G right this has

something to do with premium discount

obviously if you take this Range High to

this range this range low to this Range

High this fair value cap is in premium

so it's more like it will draw into this

discount for Value Gap right so keep

that one in

mind Market draws to that internal fair

value Gap in discount right of this

range swing low to swing High continues

up again where are we going to go after

we take this internal range again is

it's on repeat right external to

internal to external to internal and it

keeps going and

going again external range liquidity

over here after we take that internal

range

so we've went from this internal on a

higher time frame right that Weekly

internal range liquidity as the F value

Gap now we're on a daily chart and we

can see day after day we're looking for

external to internal to external to

internal again back into

external right now we've hit that

external that extreme high up here what

do we want to do we want to go back into

an imbalance again right there's another

imbalance down here in the F Gap and and

it keeps on going into internal and then

draws back into external so literally

it's external to internal to external on

repeat

again

external and then all the annotations

together you can see how this is forming

right think about that extreme High

we're going to and this High we rated an

external range liquidity over here

remember so we're drawing into a weekly

internal level weekly internal level is

down here right that fair value Gap now

we're looking for a buy program buy side

of the curve we're going to in to an

external range here back to

internal to external to internal to

external to internal and so on and so

on knowing the relationship between the

two is what leads us to a high

probability daily bias you can see how

many intraday opportunities we just had

with the understanding of the

relationship between internal and

external range

liquidity all right we've got a USD

dollar Index daily chart again example

after example and this is what you need

to see you need to train your eyes for

external to internal to external and it

will make your reading of bias a lot a

lot better and sometimes you don't know

what is the draw on liquidity but with

using external to internal and ex

internal to external it will make it a

little bit easier and might I say more

accurate so over here external range

liquidity again right what do we do

after we take external range liquidity

liquidity so what do we do after we hit

external range liquidity again we want

to go to internal range right so where

is internal range liquidity we've got

this big fair value Gap up here price

reprices back in to that imbalance over

here so we hit that internal range

liquidity what do we want to do after we

take internal range

liquidity go back to external

right we fill this up we look for this

external range liquidity down here and

we keep declining declining declining we

take out this external

range where are we going to draw into

next you might have guessed it already

we're going to inter again right you can

see it draw lower going back into

internal down here keep declining

declining taking out a low there's no

imbalance anymore over here so price has

issues going up way higher than here and

it just keeps declining taking out this

external race liquidity now we took

external race liquidity do we see an

imbalance anywhere right where we can

reprise

into yes we have over here we have this

daily fair value

Gip internal range liquidity we've got a

British pound Swiss frank daily chart

over

here again example after example keep

repeating this down here external range

liquidity old swing low right over here

and might I add we have a rejection

block here right this long Wicked area

over here which is pretty deep in

discount right don't forget about your

discount and premium levels which is

this whole range right so we're pretty

deep in discount we rate a swing low

which is external range liquidity now

where does your eye draw

into right we have this candle's low to

this candle's High forming a fair value

Gap up here price draws in there after

we take external range liquidity so now

what are we going to do after we take

this internal range liquidity

you've guessed it we're probably going

to go into external range once again so

looking at a 1 hour chart makes the

structure look a little bit easier to

read right we have clear sell side of

the curve over here leaving that fairell

gap on The Daily time frame after we

take out this external range liquidity

we can actually see with one hour chart

starts to break up and starts to break

structure up here right break of

structure return back into discount

levels repricing

this internal range liquidity right

external over here back to internal

continuing up up up taking out external

where are we going next back to internal

right for Val gap down here and then

we're going to go for external again

which is this daily fair value Gap so we

went to external on a one hour chart and

on The Daily it's a internal range so

for some of you it's going to be easier

to spot than for somebody else but in my

experience I found it most easy to see

external range to internal range first

so we wait for an old high or a old low

to get rated right and then we want to

trade into an imbalance as a clear draw

on liquidity if you find it easier to

spot external range to internal range

you can just stick it with it like that

you can also go from internal range to

external range which could be a Ot Ot

entry right into a range on a fair value

Gap and then aiming for an old low or an

old high you don't ever have to trade

internal range to external range and the

same goes for those of you who can see

internal range to external range

important is what is most comfortable

for you to see so let's summarize

internal to external range liquidity the

relationship between the two being used

on the monthly weekly daily and the

4-Hour chart is the key that unlocks

your understanding to bias and builds

the anticipatory skills required to

forecast more Market Direction and where

price most likely will move one of the

biggest misconceptions regarding low

resistance liquidity runs is there are

only fragile patterns on the chart like

trend lines or equal highs or equal lows

that kind of patterns but that is that

is valid however true low resistance

liquidity runs are framed of the higher

time frame pdas right so think about

that monthly levels weekly levels weekly

fair value gaps and and so on the higher

time frame monthly weekly and daily

charts are the Catalyst to one-sided low

resistant liquidity runs occurring in

the

marketplace