The Simplest Way to Trade Consistently (Even if You're a Beginner)

The sevenstep daily routine for high performance traders is about developing daily routines and processes, building your headsp space, your belief system, your mindset, and your daily habits to bulletproof yourself to master the markets. It's a free audio program, free download. The links are in the description box below. Let's get started. Good day traders. Stacy Burke from Stacy Burke Trading. Congratulations on week two in September. We had a Labor Day Monday and CPI Friday. We've talked about this in other videos on the channel. A 3-day US holiday weekend can often see large explosive moves. We've talked about a narrow range or or inside day on the holiday Monday, not trading during the US window. Today we'll break down the week, but I want to emphasize again to traders, the playbook, the ACB master class, the gold apex extraction are all based on daily closing price charts, signal days, and then identifying the days and the opportunities with the highest probability setups in day in the session that you're trading. Now, I primarily trade New York session as I mentioned. I I repeat this. I'll look for one or two Asia session opportunities on the metals Asia pair crosses or even one of the maybe Euro or pound Aussie cross rates pairs that might explode during Asia over the course of the Monday, Wednesday, Friday templates. One of the the most important things I want you to get out of the video today and I I keep repeating the same things is simplicity. Simplicity. Two to three scalable opportunities are enough not only to significantly compound your account, but as we've talked about to have days and setups that are month money. Month money. Why are they month money? Because when they explode, we are going on potentially range expansions. Really simple information that one of those setups alone is all you need a week. Now, the problem is is that several traders work backwards. They start on a one minute chart and draw lines everywhere and they're looking for trades. It's so important. There's a huge disconnect. I'm looking for repeating setups. There's only two setups that I'm looking for. There's only two setups that I'm looking for based on the closing price of a daily chart signal. Dump, coil, and explosion or pump, coil, and explosion. Now today what we're going to do is walk through the understanding. It's so important. First red day, first green day, inside days, multiple days and breakouts. The end of day understanding is the key. If you do not understand end of day trading, following the algorithm and marking off 100 horizontal lines on a 15-second chart will keep you in purgatory. It will keep you in minutia. It will keep you trying to read the tape and study price action. The one most powerful key to understanding end of day trading is the fact of getting in. Getting in and managing risk. Getting in and managing risk. Now, here's a really powerful thing for you to understand. If you're new, if you've been trading for years and you're not consistent, or if you're trying to master the 15-second chart on your favorite instrument, it doesn't matter to me what you do, how you trade, or anything else. So, that's a key thing. But here's the only two things you can control. I don't care if you get in randomly, impulsively, emotionally, anywhere on the chart. the soup time, the gap time, the closing time, the macro time, the micro time, the dle time, whatever. Wherever you get in, the only thing you can do is control your risk. Do you understand that? Do you understand that? I don't care if you're reading the tape, if you're studying price action, if you've got a special candle, a supply demand level, a woff chart, a ddle chart, a soup chart, it doesn't matter. No matter where you get in, no matter whose theory you've studied or you think's mastered some, you know, magical your ethereal concept, there's only two things you can control. How much you lose and how much you win. That is it. Until you grasp that, then you'll you'll think that price action, predicting, uh chart reading, tape reading, all these things are the key to you being successful long term. You click the mouse, you get in. The only thing you can do now is control your risk. So if you overleverage, if you chase stuff, if you take multiple trades, you overtrade, you get back to the high water mark. You trade lunchtime, soup time, closing time, macro time, d time, doesn't matter. No matter what you do, the only thing you can do is manage your risk. Now, we'll deep dive this next part. End of day, I would phone the broker. We did everything by hand. We had handdrawn charts. We had specific setups that we would look for primarily on initially the Australian SPY 200 index, a futures chart index. I'd call my broker. I've said this repeatedly. End of day, I'd get a signal. We would measure a distance based on the daily range and that established our entry level, a percentage of that range for a breakout, whether we were going long or short. With trend, I didn't say reversal. I said whether we were going long or short. It can be with trend. It could have been a reversal setup. An onstop order. Onstop. Buy on stop, sell on stop. Meaning that when the market hit that level, I would either be buying on stop or selling on stop. Meaning that it hits that price level on the active trading floor and it would execute. That would be an if this then that scenario. So if I bought one on stop, I would have a stop loss placed automatically in the market. If I moved it to break even, I would have an OCO at that point, meaning it was either going to the takerit level or it was going to hit my stop loss. So, end of day. But what happened with me was, as I've talked about in several videos, I did all kinds of things. I went down the rabbit hole 30 years. So, when people say there's new things and they've mentored other mentors or they've mastered the algorithm, it's all horseshit. It's complete and utter garbage. There's nothing new under the sun. Nothing. After 30 years, there is nothing new under the sun. I say this over and over again. New furus, new suckers. What the challenge for traders is though, they they want to trade every day. I'm going to tell you my own experience. They want to trade every day. They want to trade on smaller time frames because they think then they can do it faster. They can make more money quicker. They can trade bigger. And all it ends up doing in the highest percentage of cases is they at some point put themselves on tilt. They take random trades where they start to average into losers. They blow up their account. There's slippage. They will have damage done to them of their own valition. But they don't understand that. And I make this joke and I'm serious cuz a lot of the questions I get, I can tell immediately when traders are probably born after 2000. They are completely removed from any concept of this type of trading. But what I am doing is looking at a daily time frame. I say this over and over again. I'm looking at the daily time frame to target the highest probability candidates that are going to potentially set up into one of two templates for a parabolic trade setup based on the daily time frame. Read number four, daily time frame signals intraday setups. Intraday setups or one of two templates. Then I have people coming along and they want to trade their favorite instrument every day. They caught the London, you know, sweep, the Asia draw or whatever. New York, the gap time trade and everything, which is fantastic. Which is fantastic. But here's the next key. I'm not looking for trades. Do you understand that? I'm not looking to replace a daily paycheck here. I'm looking to where I can scale in with size and make as much money as possible when those setups present. So then people come along every single day and they say, "I caught the gap sweep and I caught the London run and all these things and it's like, okay, that's great, but that's not what the playbook is. That's not what the ACB masterass is. That's not what Gold Apex extraction is. I don't care about getting a daily paycheck. I'm not even interested in that anymore. Where can I scale in? Where can you put size in?" So traders, they work backwards on the 15-second chart with 100 horizontal lines, and they think they're geniuses because they've outsmarted the algorithm. And I say this over and over and over again. The algorithm's job is to get you to play. It doesn't care if you replace your daily paycheck because it it knows over time, just like the casino, the more that you play, the higher the odds at some point that you will blow up your account and start again. They just want you to play. They want you to keep playing. Most traders cannot sit on their hands and hunt two to three opportunities that can be scaled into with size. The exact same templates repeat on any instrument over and over and over again. They will go through cycles. Some markets are going to be breaking down maybe for a month or two at a time and then they'll go back in the long direction. But in that process, there can be two or three on an instrument in a month that are 9010 9010 where you almost can't lose. But again, traders will go back and they'll every single day trade an instrument and catch a move and confuse that with I won today. I won today. I caught the move. And that's great. I'm not critiquing that cuz again, I'll repeat, I don't care what anybody does. But what I don't want on the channel is throwing up all these random impulsive trades that have nothing to do with scalability. A daily range. I'm targeting a daily range. A daily signal for an all-in opportunity. And sometimes there's going to be signals and setups that present for nail and bail because the market is setting up or it hasn't quite gotten to the point where it's going to go from level to level. a daily range which is a range expansion as Peter Brandt says a pattern within a pattern. And I get this question. This is a a smaller rectangle. We can call it a neckline and then a collapse a a 100% expansion of the larger rectangle. Peter Brandt, Shawacher, Edwards, and McKe. There is nothing new under the sun. Look at this chart for a moment. This is gold on Thursday. As I've said to several traders, I'm not really looking for short selling gold. I'm only interested in going long on gold for for reasons I've outlined in the gold apex extraction. And I said I will short low hanging fruit. But what I want to demonstrate with this chart is just a simple horizontal rectangle, a reversal setup that several traders made a killing on yesterday. They made a killing on this setup yesterday. And we have a 100 and a 200% range reversal of this consolidation. There's nothing new under the sun. Pump coil breakout traders are triggered into the market. So this is the key thing right here. A market that did not break the high of day level on the day. It was very close. So, for example, if I had called my broker and I said, "Uh, Jeff, I want to sell the high of the day. I want to sell this market at the high of the day on stop." It probably wouldn't have filled me. It didn't get me into the market. But in day, if I'm watching this market, I know there are pending orders below the low of day level on a Thursday. What's the signal, Stacy? It's the backside of the week. That's the signal. Monday, Wednesday, Friday templates. There's nothing new. It's the same things over and over and over again. But every day traders are trying to trade. I caught it. I caught London sweep of Asia macro and all this other stuff. Whatever. Okay, I'm talking about scaling in and understanding exactly what you're doing. You and and here's the the key. It's get in. Get in. If you're reading little candlesticks, you don't understand. You have no clue what you're doing. You don't you don't because you get in if the trade is set if there's an actual setup. A real setup, not fairy tales. A real setup, you get in and you manage your risk. A real setup will go on a range expansion or a range reversal. See this red box? Think of that as a rectangle. It's going to go on 100 200% expansion in either direction. That's a consolidation. in that red box on this little example of a weekly template. Build liquidity signal pump and dump. Dump and pump. Two templates that are in the playbook. Page 19 in the playbook. Page 20 in the playbook. Pump and dump. Dump and pump. This is a 1 hour chart. But do you understand these are daily closing price signals? So for example, let's say I want to buy the low. I want to buy the low over here. I buy the low. Where do I put my stop? Well, typically we would have a percentage of a daily range as our risk. I would place the order. I would get filled at some point during the day. So if I was trading the Australian market, I would call in the morning in Western Australia. If I was trading New York, I would call at nighttime before the New York market opened. And based on how that market auctioned, I would either be picked up into the market, my stop would be in place and I would have a takerit or I would hold till close. Typically, we did not do reversal trades. Typically, we did not do reversal trades. We'd be in this trend. We'd be in the trend trade. We'd be in the trend trade. We get up in the morning, boom, we've been stopped out with a takerit level. We would lower our stop loss as this market was collapsing. We'll walk through this in a moment, but what I want to emphasize to traders, there's nothing new. The shorter the time frame you go on, traders confuse outsmarting the algorithm with the ability of getting better at trading, but they don't understand the larger weekly template, and they're constantly just grabbing moves. I caught it. And I'll say this again. I understand firsthand. I've done everything. I know why most traders lose. I know why most traders will never be consistently successful. And I also know why the majority, even the majority of the ones that become consistent, will never trade with size. They'll never trade with size. Traders want to watch live trading. They don't understand larger time frame templates that are scalable with size. When traders sit there on a 15-second chart day after day, they don't understand how to scale in. They don't understand where they can make a lot of money. And they and I asked them this question. What is your money-making setup? The real killer, the the monster, the one for scaling in and holding, putting the kitchen sink on. And I didn't say overrisisking. I said entering into your all-in setup where you almost can't lose and it's going to explode and you can make a lot of money. There are days and setups where you can make a lot of money. But then traders can't show me that. They're showing me the the midnight, the Asia high, the London low, and they're, you know what I mean? It's like, and I, again, I don't care what you do, but don't confuse don't confuse minutia with hunting scalable money-making setups. That's the key. Don't confuse the two. They're not related. They have nothing to do with each other. One's about taking trades every day and outsmarting the algorithm. The other one's about hunting setups so you can make a lot of money. Very distinctly different. Now, I don't even have to put in any other information. Traders that have been following me already know this is the dummy proof setup. They already know it's the dummy proof setup. Now, one of the keys is understanding that we're on the back side of the week. We've broken down and made lower lows on the day, the previous day. We're closing at the highest closing price of the week. We've triggered pending orders. What are pending orders? So, I said earlier I would call my broker and I would say, Jeff, uh, I want to sell one on stop, which maybe, uh, you know, in the old days, we we try to sell the high and place a stop loss a certain percentage or a certain distance based on controlling my risk away. May have stopped me out, maybe I wasn't in, doesn't matter. But see, intraday, okay, I understand the concept of pump, coil, and dump. And we're on the back side of the week. I could call my broker and say, Jeff, fill me if the market collapses on stop. If this, then that, somewhere in that range, I can manage my risk. That's the key right there. Now, here's the next part. All markets only do three things. All markets only do three things. That's a powerful thing to understand. All markets, every single one of them, even the magic algorithmic one, it only does three things. They break out. Now, remember, we're talking about daily time frames, not a 15-second algorithmic d chart. They break out, they pull back, they continue to trend. They break out, they fail, they reverse, or they're in a trading range. Either direction. Daily time frame signals. Now, if we're in a trending market on a smaller time frame, we could call that a reversal setup. But on the higher time frame, maybe we're still trending long. I'm looking for long setups. I'm looking for long buy setups. We have a market the next day. So, here's the key. Let's blow this up. I want traders to get this cuz we'll show it on a couple of other markets briefly. Briefly, because you have to go and build your muscle memory and walk through. I'm just looking for signal days. That's it. But I don't care what the market is, but I'm telling you this right now. Certain markets, I'm not trying to sell them all the time, and I'm not trying to go long on them all the time. See this right here? Now, if you had a pending order right there to sell that market, if it broke the daily low, at the end of the day, you're probably blown out if you had size on it. Now, if you just had a small position on this market, okay, you put a if this, then that order on your market. Now, if you were using the entire other side of the daily range as a stoploss, okay, you'd have a tiny little peanut on there, and that's the trouble with end of day trading if you're just position trading and managing your risk with a with a daily range as your stop-loss. So, alls I have done is taken specific signal days, lower low. It's technically almost an inside day because we broke out and then we've started to break down. Started to break down. The next day is an inside day. Another signal day. We could have pending orders for selling that market. Now, let's take a look because that market triggered the low of day level and on our daily time frame also broke the high of day level. Were traders that were short stopped out or did they break the high of day level first? And by the way, our down closing day, our down closing day that broke the low of day level was our non-farm payrolls Friday. Our non-farm payrolls Friday. We've gone to the low of the day. We've triggered pending orders. Now, some traders would say, "Well, why wouldn't they be selling down here?" Well, remember, we broke out in the long direction. We didn't trigger the previous daily high. We've dumped on payrolls pinned. We haven't even triggered orders on the first pinnings. Do you understand that? We haven't triggered any pending orders yet. The breakdown through that level triggers pending orders. Whether they're selling or buying, there's resting orders there, as my friend Steven would say. Resting orders. So, here's here's the key. You got to understand the higher time frame. It's not about I caught the low or anything else. What's the rationale behind the trade setup? It's Friday, the closing range of the week. They've gone down potentially. Now traders may have followed up that low of day level with stop losses. They may have been trying to sell the low thinking the market was going to break down. They want to short the breakout. They want to short the breakout. Now we looked at our inside day. We break out of our inside day level. There'll be resting orders up there for either selling or buying. Where do I get in? Where do I get in? Are you going long or are you going short? Tell me what the setup is. Tell me what the setup is. If you don't know what the setup is, watching live means nothing because you don't know what you're doing. These are all the facts. It's an end of day trading model. Page 69 in the playbook. The inside day. Is it a session trade or an all-in opportunity? Inside day, false break, daily signal. Every trader, if they're building a watch list, would have gold on their chart. That's a pretty simple understanding. I only trade the NASDAQ or I only trade the Dow. Okay, I'm only looking for one of two templates where I almost can't lose. I want to make money. I don't care about the instrument. I don't care about the instrument. The instrument's irrelevant. Am I doing anything mysterious here? Am I making things up? Making names up of candlesticks and levels and drawing a 100 horizontal lines which are all and everything else. There's nothing new under the sun. Okay. So, think simple. I want to sell the high in a market that I think's going down. What do I do? I get in. I call the broker and I say, "Jeff, if this, then that, unless I'm at a daily level, do I have the potential for a daily range?" Pretty simple question. If you're marking off all these little levels, calling them names, buy side, sell side, minutia, dle sticks, you know, levels, it's just two blue lines, the high and low of the day. signal day with a thesis that all markets only do three things. It's going to break out. If it breaks out, it is it going to succeed or fail? I have a thesis that the trade setup is going to fail. But end of day, I just have to get in and manage my risk. So, this is a key thing. And when traders say do it live, they don't understand what they're doing. You get in. But this is why inday allows me now to follow the market of when to scale in. We can use our basic model for trade entry criteria from the playbook, page 29. And there's a simple little understanding. We're trapping volume up high. We have a larger consolidation. Just just eyeballing. Where's our Where's our rectangle at the high? A larger rectangle for a 100 200% range expansion. Range expansion of the higher consolidation. It's a pump coil and dump template. Where's the coil? We're coiling up top at the high of day level. Triggering breakouts. Triggering breakouts. The breakout fails. The breakout fails. Bill McLaren, 40-year Wall Street veteran, well before Jimmy was born. But the question was is did they trigger the high of day or low of day first? Pending orders are down below the low of day. But do you notice how they didn't do anything until later in the day? Later in the day. Okay. Well, let's say we left our pending order sitting there all day. Now, simple concept again. Breakout candle filled me. Breakout succeed or breakout fill. We're on a 5-minute chart. The breakout candle put me in profit at the close of the day, but I I held on to it cuz I was in hope mode. We just draw a little micro trend line down. The market triggers the low of day level. Now, I've talked about this. I said to traders, if it's a false break reversal, it will reverse fast and furious. Fast and furious. Why? Because they've got traders trapped now on the wrong side of the market. A false break. False breaks don't allow you to stay in the money, right? They trigger new breakouts on the new day and we explode at the beginning of our Asia session. There are only two templates. Dump, coil, and pump. Pump, coil, and dump. Nothing new. Where do I get in? You don't get in because you don't know what you're doing. You don't know what you're doing. You can use the dummy proof model and get in anywhere. Why? Why is that? Why can I get in anywhere, Stacy? Because the only thing you can do is manage your risk. No matter where you get in, you could get in anywhere here. And all you can do is manage your risk. You see, when traders say stuff like, "Looks good in hindsight," I repeat this over and over again, they don't know what they're doing. They actually don't know what they're doing. There's only two templates. Get in. Manage your risk. As you get better though, and you understand, you have the template setting up. You might start to get in. You might start to get in. You take a starter. You manage your risk. You sit on your hands. As you wait till the template sets up, trap higher highs trap and shift. Maybe you'll start to scale in. What is our riskreward on this opportunity? Well, I can project a 300% expansion on the smaller time frame. A 300% 1 2 and three. That's called asymmetrical riskreward. Risking one R for, as Peter Brandt says, four or five R. Paul Tudtor Jones won't look at a setup unless it offers them at least 5 to one. If you tell me that, I'll say, "Show me what the template is that offers you 5:1." I can show you. There's one of them. There's another one. Pump, coil, and dump. Dump, coil, and pump. Two templates. Monday off the table. Wow. What do you know? Labor Day holidays and inside date. Day one. So a question I get is does the day count change? No. But when we have a market that's now building our liquidity Tuesday Wednesday Thursday there's the trading week. Tuesday, Wednesday, Thursday. I said yesterday, you know, weekend starting early CPI today. I don't even I'm not even interested between gold and oil. We had multiple opportunities and we had NASDAQ. We'll go through that in a second. So we have day one, day two, day three, Wednesday, the highest closing price of the week. Monday was a holiday. Highest closing price of the week. Okay, we're in a market that on the higher time frame had broken down at the end of the month, right? It's broken down from the end of the month. Large dump 1 2 3 at the high pending orders for selling. Pending orders for selling up top. Each day that goes by, we would lower our stop. End of day. Pending orders get triggered again. We lower our daily stop. But intraday intraday I can scale in. Are we getting that yet? End of day trading model. Interday scalable trade setup opportunities. See, you don't need to master 15-second levels everywhere. Monday, Wednesday, Friday templates. Draw your levels. We break out on the day. When I come to the screen prior to the New York window, shorts are already in the market. Do you get that? It's already a sell. It's already a sell setup. I didn't sell it at the high of the day. It's not going down yet. But guess what? Once they trigger pending orders, everybody's on board. Everybody's on board. All time frames are driving the move. I don't even need to look at any other EMAs. I get this question a lot. Which EMAs are there? You can use any combination of EMAs you want. Do you understand that? All that is is the 5m minute extrapolated out over higher time frames. The same EMA extrapolated out over higher time frames. Breakout candle. A breakout candle. All markets only do three things. It keeps breaking down lower. Does the breakout succeed? Does the breakout fail? Well, so far the breakout candle, okay, the breakout candle, which kept breaking down lower, has succeeded. Don't make up any garbage. You either know exactly what you're doing or you're reading the tape and you don't understand that all you have to do is get in, manage your risk, and set a takerit level. Set a takerit level. and traders from the gold apex extraction course will recognize the major quarter level. Now, some traders went long, but let me just say something that's entirely of your own valition. I'm not interested in trying to counter trend a market though that's on a range reversal template, a range expansion, range reversal, however you want to phrase it. We're targeting a breakout that has now succeeded. I'm not trying to catch the low in a market that is being driven by higher time frame sellers. That's me. I know some traders went long here. I'm not looking for that. We are now on the back side of the week. Pump coil, major round numbers, major quarter levels, trapping volume up high. Pending orders were triggered on the day. Pending orders were triggered on the day. So, in the old days, my pending order, I wouldn't put a pending order down at the low down here, but a pending order up high be hard because we didn't break out of any daily levels. But we're on the back side of the week, and we have a higher time frame selling area from our daily chart. And traders from the Apex Extraction will notice we had higher time frame selling above the major quarter level. Get in. So, watching live is horshit. Honest to goodness, if you don't know what the setup is, it's horshit. Get in, manage your risk, and set a take-profit level. Which brings us to the NASDAQ. We said all markets only do three things. We're in a higher time frame trading range. We've already gone through this in multiple videos. The first trading day of each new month, we had higher time frame selling up top. It's a two-sided market. We went through this in multiple videos. Market breaking down, making lower lows, trapping, trapping and shifting, trapping and shifting, breaking down, pump and dump, pump and dump, pump and dump, lower lows, lower highs, trap and shift, explosion back up. We had an inside month and we now are still inside of the previous monthly range. Two-sided trading, which means we have higher time frame sellers up top. We had multiple days and breakouts at the beginning of August that culminated at a previous higher timeframe selling area. First trading day of the month was an inside day. Broke down from there. We had a first red day in August. First red day, signal day, first red day, multiple days and breakouts culminating in a first red day at the highest closing price of the month. Why is this important? Pending orders. Pending orders. if this then that scenarios calling my broker calling my broker placing the orders in the market but do I want to be the first mouse so when I come to the New York session are any pending orders already in the market it's very simple do I get a setup into the New York window you don't have to make anything up if it's not dummy proof and simple 90 I'm going to guarantee 99% of of you that want to focus on minutia will never make any real money and at some point you'll blow up your account again or you'll just be green red green red green red back and forth, back and forth. And if you disagree, I'll challenge you. I'll say, "Well, show me what your scalable setup is. Show it to me." And I'll show you one of two templates guaranteed. Pump, coil, and dump, dump, coil, and pump based off of a daily chart. There'll be a signal on the daily time frame without a doubt. If you master the daily time frame, you'll understand when opportunities are going to present for scaling in Monday, Wednesday, Friday templates. Week one, week two, week three, week four. Rinse and repeat. It doesn't change. All markets only do three things. Do I get one of those two templates setting up? That's all I'm looking for. That's all I'm looking for. So, where does that lead us? Well, we had Labor Day Monday. We talked about this. We had Labor Day Monday, and wouldn't you know, we had multiple days and breakouts. An excellent question I got from a trader was, does it still count as in breakout if it closes inside the previous daily range? Well, let's look at uh the first trading day of the new month. It closed and breakout to the downside into last month's previous buying level, the first trading day of the new month, which was closed and breakout. That level has been respected previous, meaning they've bought it before down there. Traders on day two in the new month may have had pending orders or there was a setup. We had the explosive dump, coil, and pump opportunity on day three. It's in breakout. It's closed in breakout from the second trading day of the new month. Okay, day one, day two, day three. It's still in breakout. I don't care that it's inside of this daily range. It's broken out of here, which means what? There's traders over here that are still in the money if they're holding it. Now, they may have moved their stop losses higher. They may have moved their stop losses higher. They followed up after Labor Day. They get stopped out. Now, shorts may have been triggered into the market on day two, Tuesday, after the Labor Day holiday. There's people put pending orders in there. Let's take a look at that. Tuesday, the first full trading day, Asia, London trade, but New York, of course, we had the Labor Day weekend. I say this over and over again. I don't trade. When the US markets are closed, I don't trade. Let me assure you, there's no need to make a science project out of a bunch of BS. You have two levels. Two levels. Tuesday, they go up right away and they break out of the inside day level. Now, why do I draw that peak right there? because that's the first breakout. Now, here's a simple question. Did the breakout succeed? Did the breakout fail? No funny business, nothing. Traders got in, they got in, they tried to sell it right away, they got stopped out. Okay, it's Asia. It's a US index. It breaks down later and takes out the low of day level. Hits the stops on breakout traders. If they had them at the low of the day or whatever, you know, I'm not going to call this this isn't a breakout over here. It's a little pin. That's not a breakout. That's not enough to tap into higher time frame traders. Simple simple concept. But here's the here's the next part. Okay. So, we go back up at the beginning at the New York session. We already went through this in a previous video. If you have your levels already in place, we can go to the smaller time frame. So, people are on a 1 minute 15-second chart reading the algorithm, the tape, and the levels and the soups and the gaps and all these things. It's a box. It's a box. Do you get that? It's a large box. BS. Everything else is BS. If it's not simple, you can't repeat it. Fact. If you can't repeat it, it's not scalable and your results will be inconsistent and you'll have random impulsive behavior. We don't need to make up a bunch of BS. Pump and dump. Break out of an inside day. It failed. Day one now. Day one closing and breakout. We close and break out of our inside day. But there's our opening range right in the new week. Labor Day is a holiday. So there's our opening range. Day two. Now, let's go to another simple concept, right? I think the market's going down. So, I call my broker Jeff and I say, "Jeff, I want to sell the NAS 100 on stop if it breaks that level. If this then that scenario." Now, traders in day may have followed this up, drew a neckline. Nothing ethereal, right? We got volume starting to trap up top and consolidate. Right, we've got a little neckline where volume's trapping. They've gone in breakout up top. It's day two. Day two typically expands the range. We can draw our US session highs, our US session highs, but we don't quite get up there. I can draw that little consolidation inside. Why? Because we're breaking down. This is in London, by the way. Okay. We can even dummy proof it. I'll just put on our basic model from trade entry criteria page 29 in the playbook happens later as we head into the gap time. There's our gap time trade. Nothing, you know, magic. Just, you know, there's our US session range, right? We had a US session range. We didn't get up there, so we've lowered it down to where the volume's being trapped. It broke out, pumped up on the day. Pump, coil, and dump, right? Two templates. You don't need to make anything up. That's just funny. pending orders. Shorts are in the market already. Shorts are in the market already. They may have had their stoploss. Okay, let's say we um break down over here. Those shorts are in the market. They lower their stop-loss. They follow it down. They get stopped out. Or they maybe let it break down below that current low of day level. They go to break even. It breaks down even more prior to our US window. So they trap as much profit as they can down below before it explodes back up. Nothing complicated, but the basic thing that I would always do is I just take the high and low of that range and project a 200% expansion down, right? It's a consolidation Peter Brandt. Let's just keep everything simple. Why? Cuz see, if it's simple, I can just do that every single time. I can take 100 200, right? Once it breaks down, go to break even, follow it, and get out at 200%. Session trade. Why is it a session trade? Well, it's a US index and I get to trade in London. That's it. That's all. All markets only do three things. Which brings us to Thursday. And I will challenge all of you to study Peter Brandt, Shawacher, Edwards, and McGee. Nothing new under the sun. We don't need to make anything up. There's nothing new. The algorithm is only there to get you to play the game, and it's only made executing things more faster and efficient for institutions. It's it's just ridiculous all the fantasy and garbage. Traders who are born after 2000 don't take offense to this, but you just you've been brainwashed. You've been brainwashed. Train your eyes to move horizontally at levels. Pending orders. Sellers are already in the market. Breakout pullback prior to our US window. I don't care if you want to trade it or not. I don't care if this is your setup or not. It's Thursday. The market has already triggered pending orders. It's already triggered pending orders. We're in a two-sided market. We had money. Show me the money. Show me the money. Who's in the money? Who's in hope mode over on the left? Traders who may have been holding on, but there's we can call we can make up a name. We can make up a name of what this is, but it's just a pump, coil, and dump. I don't care what the names are. Is there a setup? Yes or no. If I get into a trade, what do I do? Where do I get in? Where do I get? Get in. Manage your risk and set a takeprofit level. If you think this market could keep breaking down, we had major red news at 8:30. I've said this before. On the back side of the week, on the back side of the week, the news can act as a catalyst to complete the move. What you do, you can reduce size, you can lower your stop-loss. You run the risk if you lower your stop-loss of slippage if there's a spike. I've talked about the four types of news candles before, but you can just reduce risk. You can remove size and still leave a trailer to squeeze the maximum amount out of a winning setup. The trade's already underway. The trade's already underway. Did the breakout succeed? Did the breakout fail? Breakout traders are already in. Traders from up top are already in. Institutional loading up top. Maybe the London desk started to accumulate short selling or liquidate longs. They're liquidating. They're taking profits now. However you want to view view it is entirely up to you. Once it breaks down, all you can do is get in. You don't read little 15-second charts and make a bunch of stuff up. Honestly, it's it's ridic once you see it on the higher time frame. Once you understand the higher time frame, you will laugh your head off at how ridiculous all the other crap is. institutions don't do all the fairy tales. There's there's pending orders resting everywhere. You either know exactly what you're hunting and and and then doing nothing else in between. It's as simple as that. Day 1, day two, day three, reset, front side of the week, day 1, day two, day three, backside. If it moves and you've already it's already run away, I'm not interested in garbage afterwards reading the tape and the algorithm and catching a move to a liquidity level and all that. That's garbage. I want to scale in. Done. CPI on Friday. The week's over. The week is over for me. We'll cut it at this, but we'll just finish on oil. Okay, we've had the straight horses. We've had all that stuff happening, but it doesn't matter what any of that is. We had daily signals. West Texas oil, we had multiple days closing in breakout. We had Labor Day. Then we have multiple days and breaking out. We're breaking out of higher time frame levels. My friend Bert in the Netherlands will recognize not only a larger pattern that formed over the last few months, but even on the last month itself forming a beautiful cup and handle pattern. Again, nothing new under the sun except new furus and new suckers. We can project a 200% expansion from our daily chart. Wow. Cup and handle higher time frame levels daily signals in breakout closing and breakout. Day 1, day two, day three closing in and breakout. It's on our watch list. This chart from yesterday, this is a beautiful template again. Hive day level is already triggered. It closed and breakout. We triggered pending orders right off the beginning of the day. Higher highs dumping down. We put this chart up prior to the New York window exploding back in our London session. We've triggered pending orders again. Now, here's the key. So, end of day, we call the broker. We said, Jeff, I want to be uh buy on stop if the market if this then that. It triggers me right at the beginning of the day. And I might have put a stop, I don't know, who knows, a dollar away or something like that. Comes back, stops out traders that are long off the beginning of the day. Triggers breakouts again. Traders in London come along and go pending orders up top. triggers breakouts again. Get in right manage your risk. There's only two things you can do. You don't have to read tape. Traders who understand the template though obviously started to scale in down in London. Institutional loading down low breaks out again. There's breakout traders again at the new high of day level. Pending orders. See, if you understand the end of day, you don't need to worry about minutia and diddling and fairy tales and garbage. It's all there to get you to play the game. They come back, they hit the stops on the breakout traders from the London window, right? So there there's breakout traders here, pending orders here. They get stopped out. There's pending orders up here. They pull back. Maybe that's enough heat on traders that might have been scaling in to stop them out. Pulls back. We head into our New York window. We're at a at a major price quarter level, right? So traders that are long at the high of day level heading into the US window are in the money. They've come back. They've hit stops and triggered new pending orders at the breakout level. Get in. Manage risk. Get in. Get in. Get in. Get in. Starters. Get in. Get in. Manage risk. You can only do one thing. Manage risk. All time frames driving the move. But we also have a range expansion target of our W. Right. The new consolidation up top is enough for us to form a rectangle, which is a larger cup and handle, which is an ascending triangle for targeting a range expansion profit target level or taking money off and leaving a trailer, a hold to a close template. We have a higher timeframe 200% expansion target to leave a trailer to. We have global geopolitical events that may be a catalyst driving this move. Follow the end of day. Follow the end of day. Have any low of day levels been broken? No. All time frames are still driving this move. Fairy tales. Everything else is fairy tales. You can make up all kinds of stuff. I'm talking about scalable trade setups that repeat over and over and over again. Guess what we had last month? An inside month. The key traders is to master the higher time frame daily signals for intraday scalable trading setups. Keep it very simple. If it's simple, you can repeat it. Follow a basket of instruments. hunt the signal days. Be willing to sit on your hands in between. Master lifetime execution. Master any emotional random behavior. If it's simple, it's repeatable. If it's repeatable with edge and scalable in size, you can build your trading business. Have a great day, traders. Congratulations on an awesome an absolutely awesome September so far. simple, repeatable, and scalable. Nothing changes. There is nothing new on Wall Street except new furus and new suckers. Congratulations, traders. Have a great weekend and may the markets go with you.