Full transcript (1548 words)
First thing we're going to do, we're going to hop on the monthly timeframe. On the monthly timeframe right now, main thing that I see and what I talked about in the previous trading session, I believe like last week as well as the start of this week, was that we actually rebalanced this unfilled monthly gap and we've been rejecting out of this. So, this is telling me a lot of the story, this wick right here on the monthly and it's telling me that we're also distributing right now to the upside potentially back up towards all-time highs at 1 2 2 here. So, if we go down now to the lower timeframes, even on just the weekly timeframe, you can see that we actually also put in a absorption confirmation candle here. Um, this is using the Only Ticks V2 indicator. And you can see that after this absorption was put in on the weekly, we ended up distributing to the upside beautifully, right? We have these highs above that are stacked, which are very, very good higher timeframe targets as well. Also, if we go down the timeframes now to the daily timeframe, this is going to be a bit more clear because we are starting to shift structure, right? Having market structure shifts to the upside like here for example, closing above old highs, right? We have these wicks to the left on the daily timeframe, a very, very significant timeframe. We're closing above those highs on the daily shifting structure. And if you take a look here in detail, right? Anytime that we have a pullback, it instantly is getting rejected out. So, these rejection wicks are telling me a lot of this story here and it's telling me that we could continue up towards 078 as well as also, if we take a look to the left here, we have a ton of stacked highs here to the left. So, these stacked highs are telling me that we could make a run of these highs because these have not yet been swept out here to the left. Also, if we just take a look at a simple kind of confluence here, we had this accumulation here to the left. We then had this manipulation lower, right? Manipulation lower into what? Into a unfilled monthly gap. We then had absorption come in, market structure shifts come in. So, this is telling me a very, very clean narrative on the higher time frame. So, then when I go down to the lower time frames, I can take setups that basically are following this higher time frame narrative, right? Overall, we can throw on the Oneticks V2 bias indicator as well. Just have that locked bias because then when we go down to the lower time frames, it's going to keep us locked in and not kind of fade that higher time frame bias, right? This is very, very important. I always recommend everybody to throw on that bias lock because it over it it really simplifies everything and it removes any overcomplication of the bias, right? Because higher time frame, we always want to align our lower time frame entries with the higher time frame bias that we have. And when you have that bias locked, right? And that higher time frame narrative locked, you're not going to fade it when you're then on the 1-minute time frame when you're executing a setup or waiting on a pullback. It gives you a lot of confidence, right? Going down now from the monthly, weekly, daily, all these time frames are telling me that we're bullish. 4-hour time frame as well. What do I see here? I see that we are respecting bullish PD arrays and we are disrespecting bearish PD arrays, right? Any pullback gets instantly bought right back up. We had a pullback here into this bullish breaker block as well, which is a low, high, lower low. This was the manipulation. Manipulation into what? That unfilled monthly imbalance, right? We rebalanced that monthly on the 4-hour. Boom, market structure shift to the upside. market structure shift to the upside. Once again, market structure shift to the upside on the 4-hour time frame. So, this is telling me that we have very, very clean structure and a clean narrative higher time frame. Any pullback instantly is getting bought right back up, right? Look at these rejection wicks. These are telling a lot of the story. As well as what else do we have? We have absorption, right? Absorption's in, we re-tap, pump. Absorption's in, we pump, right? That a lot. Here as well to the left, we had a absorption candle. We re-tapped it literally to the tick here, and then instant reaction out, right? If I draw that up a bit cleaner, right here to the left, absorption got re-tapped, beautiful run higher, right? So, right now my narrative higher time frame and my overall market direction is leaning a lot more bullish than it is bearish. Obviously, I can set myself conditions, right? On the higher time frame, if we start to close below obvious wicks like on the 4-hour or on the daily, and we start to shift structure lower, then obviously I can flip my bias as long as the higher time frame is telling me that we could be shifting direction, you know, lower. But, higher time frame, nothing yet is necessarily telling me at all that we want to go lower. And in my opinion, when you just follow the higher time frame narrative, your trades will play out more times than not, right? Obviously, you won't win every single trade because this is a game of probabilities, but when you follow the higher time frame narrative, I preach this so much because it's so important, your win rate is going to be a lot higher, especially when you have your risk dialed, then it's going to simplify a lot because you're not, you know, tripping, you know, you're not feeding the higher time frame narrative that you made for yourself, and even if you do lose, right? That's why risk is managed. That's why we have our risk systems in place. Overall, I think any good setup is a setup that, you know, has a hour lower time frame entry, which is a VWAP or absorption entry, and follows the higher time frame, right? Only takes model V2 is very simple. I simplified it to use the most powerful concepts that I found over my 3 years of trading, which, in my opinion, it's developing a very strong market narrative higher time frame, and then having a precise order flow entry, which is a VWAP entry or a absorption entry, right? Here we have an example right here that just played out this long. Absorptions in, we pump right here as well. Absorption was in, we held this area. The trade that I actually took tonight, I posted on my story as well, the executions. It was actually this candle right here, this pump, right? I actually got my 1 to 2.5 R, and it was literally an instant TP trade. This was the setup that I took. Basically, higher time frame, I was bullish. We closed above VWAP. VWAP here was a little bit lower. I had a limit order on the VWAP, and it ended up bottom ticking just like this. I had a 10-point stop loss, and it ended up smacking right on this candle. Perfect perfect TP here. So, this is a perfect example of why I also like to use a fixed RR a lot on prop firms is because you can catch these moves very consistently when you just follow the higher time frame narrative, and you have that precise lower time frame entry. So, here my entry was a closure above VWAP, retest, boom, that's it. I'm in. You know, I had a 10-point stop loss, 2.5 RR TP, risk $400 for a thousand, which is more than enough for me on a 50K prop firm account because these wins really do stack up relatively fast, you know, when you're actually following that higher time frame, and you if you take one loss in a day, that's it. Hop off, right? I like to keep things very, very simple. And if I want to cycle through accounts, I can do that as well and I can take multiple setups because you know how many setups we get with only 6B2 in a day, right? Because in my opinion, this is like truly how the market moves. It moves based on volume and it base it moves based on big institutions moving price, right? I like to call them whales as well. And if you want entry is a volume-based entry, which means that the average highest volume amount for that session or for that day is where I like to enter my trades off of because that's often times where big whales, big institutions also enter their positions because they have a lot of liquidity in these zones, right? But yeah, quick analysis for today. Higher time frame, I'm still leaning more bullish. And yeah, that's pretty much it.