Empower Your Sales Order Flow in Australia with airSlate SignNow

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order [Music] filled order placed order cancelled order cancelled okay this is a setup one trade for the news uh We've wiped low we've run into some liquidity taking stops so I've added a couple of contracts pren news set TP order placed order cancelled e order cancelled order placed okay I'll explain all this in a minute I'm setting up a meeting p how's the trade going good so far I'll do a f explanation later cancel [Music] [Music] [Music] for [Music] right for for for for order cancel [Music] hello mate how you doing hey good mate how are you yeah doing good can you see my screen you got your I can see your screen brilliant uh yeah I tried doing it on Google Chrome and it wouldn't let me share the screen so I tried out on edge uh which seems to be a bit of a better browser uh so it's all working now and what you're actually seeing is atas running on a VPS and obviously I'm in an active trade here on NQ um I'll explain it in a bit but we have a target of around order cancelled order placed like 18,000 or so oh okay so you got a bit bit to go how you going mate you're a bit more rested I was first half of the week absolutely exhausted and uh yeah um it's just kind of burning the candle at both ends it's not like I'm going out partying it's just waking up at 4: and then getting to bed at like 10: it's not ideal going to catch up with you and then one day you just kind of break down I'm sure you'd experienced something similar but um I'm all good now and rested and uh we're in a trade here um which I'll explain soon once we've fit our Target uh we'll get onto the learning kind of material and your questions actually while we're in this do you want to kind of fire you with any kind of questions that you have yeah yeah and cut me off anytime um so the first one I got is just it's more to do with the charting because you know how yeah the charting and marking up and things yeah um I don't think Trader eight it doesn't seem to have like a 4H hour it doesn't seem to be a really good charting kind of software I don't know it's probably more me yeah I agree um I I've used ninja Trader for about a month and I gave up on it because I didn't like it for charting so I moved to atas um and trading view as well for my kind a general annotations um so yeah that's what I'd recommend if you can um that's well I'm using atas but I thought atas was actually um quite Advan like CU looking at your charts you do yours your marking up on on trading view don't you yes yes yeah because can you do it on atas is it you can do them it seems pretty good order filed order place yes you can you can do it your markups and at what is um keep the atas trade clean sorry the atas charts clean just so they don't don't become a mess and I like to do like daily annotations on trading view um gotcha so yeah that's what I'd recommend ninja Trader I I've used it for a while um it just doesn't feel like it's been designed by Traders it feels like it's been designed by just software developers who don't know much about trading that's just my kind of general feeling uh I spoke to Apex about this and they were like all our clients do ninja Trader so I don't know what you're talking about so um yeah I like there's some features on ninja Trader that are just terrible like their heat map is is Dreadful um and see like drawing rectangles and stuff I like to do this so I can be prise my levels that's quite hard to do it doesn't snap to the Grid on ninja Trader so it's just little nigles like that which um kind of move me away to atas which I really like um having some stability issues with but now I'm running on a VPS it seems to be okay you know okay cool so do you know what VPS is no but if F get it's some high power server or something server it's basically a slice of a server so it's like a virtual desktop that you can run things on um so this I've got two of them I've got one free from IC markets and this one is from I think it's called Forex V vps.com or something and this is their uh highfrequency one which is one one step down from a dedicated server so a dedicated servers you get your own server with a GPU but I've just went for the kind of high frequency option for now and see how it works so attas is running a lot better this trade is going great I'm really happy about it yeah I'm recording it as well so let me know if you don't want to be in the YouTube video that's absolutely fine I can put it unlisted um but I'm just recording it for kind of educational material that's okay yeah yeah yeah it's fine um yeah so we'll see so yeah um You're gonna laugh You're gonna laugh what so well so I sort of I tried to do the um you know go through the process of marking up and and doing the Asia High Asia low yeah um the Frank frankt so forth what I could first of all I couldn't figure out what the Asia code was is it the Tokyo session is that what it is yes so what you want to do is uh I'm really gone back of VI sorry no it's absolutely fine um so what you want to go to is this website Forex Market time converter work yep and this will tell time zones so Tokyo 11: p.m. to 7: a.m. GMT so you can set you know your Aussie time and Y then you can figure out the sessions um you mentioned about like can I do a shortcut and just you know use an indicator to do this I really recommend you don't because it helps you to get your head into the charts and formulate ideas if you do it manually um um so yeah that's deliberate um yeah you can get apps uh sorry not apps um uh indicators that will Mark sessions for you if you want just look on trading view but um I recommend you do it manually and just start marking up the levels mentioned and doing Market structure analysis so I just showed a chart of ndx there let's just have a quick look at that so ndx is the actual why is this crap digital EC system so this is the website Forex time zone converter.com so note that down y yeah thanks for that thanks y yeah no worries so this is the NASDAQ index not the Futures so the kind of situation we're in yeah uh just Market structure wise is we're still making higher highs this looks like it may become a lower low um this is the daily time frame but it's not complete yet so we're still in a daily uptrend because we're making higher lows and higher highs okay then you can go down to 4 hour and check higher highs one one lower low so we'd say this is kind of consolidation on the 4H hour and we've got two gaps here to consider this Gap and that Gap I really like that CH it's just so much better than like might see if I can get onto the trading view I think yeah I just have the essentials package which is like I don't know $14 a month or something it's all you need and you can you have split screens and stuff like that so let's just see and my next question so my next question is a cracker you'll laugh at this one no so so um even even though I couldn't find the actual as session code or what have you to try and figure out what the age or low or um and the the high prev you know the high was high low what have you I thought well even what if I even was to find that how do I trans transfer whatever the low was was of that index onto my chart whether it's an it's the es or the NQ because it's is it like one's apples and one's oranges like I didn't understand how I Mark the low of of one mark of an index onto to the low of another one that I'm trading does that make any sense at all not really uh to be honest but let's have a look um so so I guess okay at this point in time 2 a.m. this was the Asia low but the Asia session goes on till 6:00 a.m. so we had a new oh so it's a time it's a time it's a time it's a time thing not a yeah it's a time thing so what we've done this is one of my setups we've taken both a Asia lows this kind of Def facto Asia low and this real Asia low and there's a lot of liquidity resting at 18,100 so I think we will break these highs so that's why I'm long um I tried going long in here I took some profit and then gave it back and then we had the ECB announcement that kind of spiked out the Asia low um Y and this all become clear once we actually delve into the setup So currently long uh let's just keep an eye on that just to make sure we're not giving money to the market so what struggling a little bit but I'm going to keep my target where it is what I could do is just Trail my stop slightly order cancelled um because Apex um Forex sorry Futures prop firms they have a trailing stop uh so let's say your draw down is 5,000 if you were to make 5,000 then lose 5,000 then you would liquidate so the money you make notionally that counts towards your trailing stop so you need to make sure that you're kind of trailing your own stop so you don't get liquidated because if if if I make 5K and then it comes back to nothing then that's me out that's me liquidated so we do need to Trail the stop a little bit order canell just so we're falling follow of that um don't worry about footprint reading we haven't got anywhere near that yet um we've only really covered Market structure um you know higher highs higher lows that kind of thing oh I think you've helped me out heaps um oh just I'm a Hands-On sort of person like I actually have to practically um do do it and um to learn yeah and um but I was I was laughing my head off I thought I've got to go back and asking the Asia low as an example the Asia low how do I do whatever Yen whatever the index Yen was to transfer that price no no you don't you don't need to go in the Yen you just go in the nasda you get the time you look at what time made the low in this case it was at 2:24 a.m. uh and then the Asia session continued and then made uh another kind of low here but this was the true Asia low so what you see is we spiked into it and then rallied so this happens quite a lot session range manipulation um and it forms the basis of one of the strategies that we'll cover um it's not too it kind of may seem complicated at the start but it will it will become clear uh as the days go by uh but yeah because we're in an active trade I kind of need to just keep a bit eye on this absolutely man absolutely I get s what you tried yeah it's I kind of enjoy it I've um I've got one of these straps that like mon your heart rate um and I tried to keep like my heart rate low while I'm in trades so I'm not going into like my sympathetic nervous system if that makes sense um because I want to keep the logical side of my brain working all the time and not the adrenaline yeah yeah it's it's a constant battle because markets are fundament Ally uncertain um there was a famous piece of work called the efficient market markets hypothesis it was like an academic work that show that that demonstrate that markets are quote unquote a random walk and they are fundamentally unforecastable um now I completely disagree with this but it's an interesting piece of work to um to read if you can find it um this comes back from like my economics class so um I I hope to prove to you that the official Market hypothesis is not um doesn't hold I.E the markets are not a random walk and there is some method to the madness um so yeah I guess the The Next Step um we'll cover a bit more Market structure just to recap um so if we're on NASDAQ you can see the hourl is starting to make uh higher highs and possibly a higher low now this could turn into a swing low um obviously the market is very bullish on the higher time frames um so in general our bias is up because most of the time frames are are pointing up despite this correction I think this Gap may fill today uh but we'll see we'll see um so when it comes to doing markups you this is kind of turned into a bit of a mess because we're halfway through the week um but you're able to kind of draw logical scenarios of what may happen based on where liquidity is is residing so that was the plan that I made yesterday when you make a move down here on news and then up so it didn't quite happen it was close close to no cigar but then it did happen this morning so yeah you know you just have to go with the flow um there is a a big random element to markets so you just it's all about mining out the the elements that are predictable and that's why I hope to impart yeah over the time um so yeah let's just keep an eye on this trade I want it to resolve it's very close to our Target this is the time in sales this shows you all of the orders coming in and at what time this is the depth of Market we don't really use we don't use these a ton um I prefer to use the book map heat map because you can see how the dep of Market evolves over time because there's a lot of spoofing that goes on orders that come in and out uh to move the market but um yeah I prefer to use bookmap as a kind of a liquidity location tool but we'll get to that later you can also trade without bookmap and I did for years uh I traded just using footprint and you know price action analysis and I was I was profitable doing that um but yeah uh when I added book map there's a lot of kind of nice dynamics that you can notice um that will explain uh once we've covered the strategy um I think the next thing to look at after market structure is the profiles um we'll go into your learning plan first that's the public channel so definitely going to get trading view so I think that's I've got to get my my chart charting going and my markups down p oh I Noti we haven't started a learning schedule just to keep track so I'll make this private so it's only you that sees it and you can put questions in there what's your name on the group what's your name on the group again it's it's something like J that's me it's got It's got the silly penguin That's me uh with a book on Jason and then numbers Jason let's see let's see new I'm not in there I've got a similar I've got the same icon as Mar or Marco it's not the penguin with a book on the head but whatever it is all right I don't know why that's happening so just Market Trader for now so I'll figure that out another time um so day one uh that was just introductions Market structure Basics so get to the habit of um trying to determine the market structure on different time frames um for whatever asset you're trading uh Mark structure Basics um what else did we cover uh last time I think that was it really wasn't it oh swing highs oh for the um swing highs and all SI and lows um internal and external um oh yeah external okay got youu so do these Concepts make sense the ones that yeah they they actually do um I just want to start doing the markup so I can see it yeah I reckon I'll get my I'll get going um I think I'll sort of go ahead and Leaps and Bounds once I get my my chart going yeah because I can sort of read you know I get a bit I'm like okay I've read enough I've read enough I've read enough and that's why it's so funny when I actually went practically to try and do it yesterday I just fell into a heat everything everything turned to two that was quite funny yeah yeah I think the best thing to do at this point is not like we cover quite a lot of assets so we cover NQ es uh CL UB Ultra Bond uh what else 6B British pound so that's quite a lot um for years I only traded two assets and and for for quite while only traded one so don't um get stressed out trying to look for hundreds of different markets because uh it'll just confuse you so just focus on one maybe NQ or yes or just whatever Market kind of speaks to you personally that you prefer um for me I think indices are much easier to trade than Forex um the likes of NQ and Es much much easier I mean they're they're not easy but they're easier than Forex um same with crude oil um and UB also quite nice to trade that's a basket of 30-year maturity bonds so uh yeah they're they're all quite good to trade but I I would focus on the indices first you get quite nice moves on them uh you can see this trade this morning you know got quite a clear kind of buy um y hopefully we get up to Target we're we're close I I just want to see that hit before we start covering uh the rest of the material I think the next thing we'll cover is the profiles and how to that's how to integrate that um let's just pull up a couple of things first so this is the NQ volume profile that would have been the Asia low if you notice we kind of smashed below the Asia low and we're now moving to the Asia High Yep this this Asia range manipulation happens a lot um uh yeah I'll explain it fully once we really get into the the meat of the matter but we can think of targets here like this is a previous day value area low so that might be a good Target yeah that's 18,8 um if we check the market profile which is time and price um we have a slightly different picture we've left behind a single print this morning which is a very low volume note so we may also go to 18,8 so that kind of area so we'll keep it modest as the Target and just say uh you know we'll Target 18,000 that's good enough uh even though I think it'll go a bit higher we might get a sale after that but we'll see um I think we can just Trail the stop up a bit more just so we don't order canell order cancelled yeah so obviously you can copy these across multiple accounts so you know 2,000 you can have 20 accounts so that can be you know if I if I booked that now and you had 20 accounts that would be what 60k or something yeah so that's a that's a year salary for an an investment manager I like my last job that you know that one day's work is the same as a Year's work of office CR so to me there it's not a choice it's a what do you call that is it a hopson's choice or something um it's just the no-brainer um this is much I mean it took me a long time to get to grips with this but when the when the penny drops it's it's really it's really beautiful um you see we're heading heading to our Target now yeah he driving up see it's quite good profit panl taking up sometimes what I do is um you can just change it to percentage or tixs cuz uh so because you can get um you know emotions from from p&l you know if you see a figure like oh that looks it's to bank you know um but you don't want to trade that way uh it's called trading p&l uh where you just trade based on what numbers is on your p&l rather than a logical Target and The Logical Target for me is 18 18,000 um yeah yeah interesting so let's see if we get there I might just book this so we can just move on to said that's okay um Jeff i k to to take off and because I want I'm happy to get the um because before we go to the stage like I need to get my charts and stuff all down pat and yeah um and yeah I'm okay to do that yeah so what's your what's your plan are you going to get atas or are you going to work with trading view or I would recomend yeah I would recommend that highly uh it's a really yeah it's a fantastic use of software it's really incredible it feels like it's been designed sorry designed by Traders rather than just software developers it's just everything everything's in place all the templates are there uh with the likes of Sierra charts and ninja Trader once you get it you discover that you need to buy all these add-ons and all this crap you know with a asset just got everything you need um so it makes sense this piece of software the another one is Quant uh the one of my colleagues used but I've never used that one so I can't talk about it they're based in the UAE but I think it's quite a similar piece of software to atas um but yeah it is pricey but I mean you know you you make your M back it's okay oh the quality it's oh was I was so impressed and I got the um oh yeah rhythmic hooked up with it as well and um yeah it's really good it's actually I was quite it's incredible have have you been watching some of the the screens have you downloaded my templates no okay the templates I've got templates um so go to orderflow software and download download these four uh and then you can go to import you would go to this screen just pull up any chart then you go to settings and then you would import uh the downloads so that's these four oh well okay that's the that's all you need really these four screens to trade well uh so one of them is footprint that's kind of for your entries and exits and analyzing very like in a granular basis um the other one is the market profile which is time based of time and price so there's a whole field of uh auction Market Theory which kind of goes uh along with this which you may want to read into but uh I'll explain what you need to know um I can see today like we're struggling with this level which is the current day point of control um which is where we spent the most time today so I can see the market is struggling to get through that um so yeah it makes sense that that we're kind of pausing here but I think we may get up to the single print so I'm going to hold on to it it's much better to maximize you know one trade rather than try to get like 10 small trades cuz your variance is going to be very high so you want to kind of hold to your logical take profits um which takes some effort that's kind of been the hardest thing for me personally is not trading what I call p&l and actually just trading to a logical Target so it's a good idea not to watch like your p&l going up and down because it can make you quite nervous um yeah it's I'm being serious um absolutely yeah it's yeah I can see price is moving up here so I'm I'm not concerned I'm not even looking at the p&l um so we've moved Beyond this point control that's basically where the market spent the most time uh today so if we zoom into this we we can see what are called tpos these letters I don't know if you can see yep yep that time price opportunity yeah time price opportunity so you got the market open which is the a period yep which is 30 minutes at a time so let's figure out where that was it was quite high up so this is the initial balance we we we opened up here and then move move down quite rapidly so b period is the next 30 minutes C period is the next 30 minutes after that and so on and so forth and it builds up what's called the market profile and is uh uh a TPO Char is called so on atas it should show you where price is at the moment it's here I believe usually it has a line that lets you see maybe I'm just to zoomed in or something but that's that's the uh that's the current price so we're in the uh what's called the U period at the moment okay what we do in general is we don't trade using the current days profile usually sometimes we do but in general we're trading relative to previous days tpos so this is yesterday's yesterday's party control up at um 18058 so we need to take note of these levels because they're very important so that's this is the TPO okay the market Mark profile on the left on the right is volume but we have a separate chart for that so uh the other concept here is the value area high and low so that's where we spend 68% of the time y um and AAS will Mark out the value area high and low that's where we found fair value for that day within the value area if that makes sense soice probably spent the most time in this area so we say okay fair Val has been achieved between these two levels yep gotcha yep um Lawrence is this up so the other chart we have is the weekly profile now this tells us a lot as well um this is the current week I want to change it to es because that that was a bit more interesting for for me so this is the volume value area here from last week not this week this is this week's profile building I got you y and if you notice we traded down into the volume value area uh we failed to make a lower low we've made a higher high so in my mind the market is still bullish the move down that we experienced a couple of days ago was just uh test this area of fair value from the previous week so nothing to be worried about we're still bullish for now uh this trade is still running um the other screen we use is the volume profile so I don't know if you got a chance to see Trader Dale's books volume profile and orderflow th those are quite good reference books um I don't I don't teach his teachings but they're quite good to have as reference just to uh get your head into things um so yeah this was the prev previous day denoted by these two dot dotted lines and you see this profile here that shows the volume at each level during the whole day okay and then we have profile on the right which was just during the cash hours okay this was the volume during the cash hours IE after the opening bell so I like to separate them and analyze them separately that's that's I don't know this is it might be unique to me but that's just one thing that I like to do um the other thing we have is the initial balance that's this gold bar that's the first eror of trading it's called the initial balance um we have vwap so that's a volume weighted average price so it's a moving average that includes volume in the formula so we don't really use the inner strategy much apart from taking profit because it act as a kind of dynamic support and resistance so I took a couple of contracts off at vwap so volume weight average price okay does that make sense so far yeah yep so another line here this is at where vwap closed the previous day so this is also relevant to the market and we'll mark it on our charts um yeah that's we've also got a value area high and low within the profiles that will be different to the TPO value area high and low because this is based in volume okay so it's slightly different Y no worries um so we have points of control here as well usually it's the same during the cash hours of the whole day so this level we have to watch closely mark it up put this I've already um put it on my trading view chart that might be a Target to try and hit the the high volume node from the pre the previous day so that's the volume Point control the highest volume of the day okay if you notice um the previous day before that we had a volume point of control that provided support this morning the Asia low was actually formed from the volume point of control from two days ago so that's that's quite interesting yeah wow okay uh so these make good trading levels I call them trading levels and I've got another concept called key levels um but I'll I'll tell you about that when I when I explained the main strategy um I just want to cover the profiles for now so um generally we don't reference the current days profile same as the TPO chart you know this volume point of control that we're building right now may not remain here it may you know move up here or something like that depending on what happens today um news flow haven't checked that apart from the ECB I don't think there's much on the wire but let's have a look 4X Factory calendar so it's Thursday Forex Factory calendar is good bookmark to have red denotes high impact so you know be careful around here that this was the ecb's main refinancing rate so it came came in as forecast so you know no no surprises it didn't create much of a market move but it did give us an opportunity to get long uh below the aelo in this trade which we're still running okay so news news often catalyzes moves that were going to happen anyway if that makes sense um I don't I mean I have a big background in e in economics I've got massive master's degree in economics CFA so I'm very famili familiar with fundamentals but I don't include them much in my trading because I like to keep keep it more technical um so that it's more repeatable Edge if that makes sense but you do kind of have to be aware of what these news releases mean just as a Trader it's kind of your job to know what the main refinancing rate of the euro dollar is uh or the sorry the ECB um yeah the the next thing we have in the just come now is the ECB press conference so that'll be what's her name who's the ECB chair again forgot her name name isard um Christine leard uh press conference so then you got um J Powell testifying at 10: a.m. so we want to stay away from the markets during this because anything that the the FED Central Banker says usually sends the markets into a tail spin um whenever whenever he opens his mouth you know he says anything people people draw Clues from that on whether he's hawkish or doish on interest rates um so yeah he's he's giving very hawkish language at the moment I he's not going to uh drop rates that would be called a hawkish doish would be if he's uh planning to loosen monetary policy by lowering rates so he's giving very hawkish language but the market doesn't really believe him uh that he's not going to cut rates and we can tell that by looking at the US 10year yields is a good kind of gauge of what the market expects interest rates to be let's have a look at that yeah US 10 year yields currently quite bearish yep so this this is indicative of the market uh expecting a ratee cut uh soon maybe in March even though the central Banker is saying he's not going to do that so the real interest rate in the market is actually set by Bond Traders not really by um the FED it's kind of both um the FED obviously set the interest rate but they do that by what's called open market operations which is buying and selling uh US government bonds in order to manipulate the interest rate so it's something we need to keep an eye on let's see our suddenly gets very complicated mate that's interesting yeah I don't I I don't want to make it more complicated than it really is I just want to it's good to know I don't want to completely ignore fundamentals and to say they don't exist because they do um so yeah that was just kind of overview of you know the supply side of the economy um there's also the demand side of the economy and that's releases like NFP um so we have nonfarm NFP on Friday um so that's more the demand side of the economy uh how how many jobs are being created so this is probably the biggest event in the calendar apart from the the fed's interest rate so we generally stay away from NFP and don't try to trade it unless unless you're a gambler and and you like you know if you're a type uh but yeah generally stay away from NF so we're we're getting to Target P up you know going up is it yeah yeah I told you well we're keeping our Target modest you know 18,000 I think it will surpass that but for me that's low hanging fruit I'm I'm All About low hanging fruit and getting easy trades there we go holy crap look at that we're at 4K now PR I think we'll just take two contracts off order cancell order fill just to book some profits you know from that that lift of the offer so yeah I'm quite confident we'll get to our Target and if we look at the price action chart um yeah we're targeting these kind of what called poor highs you know equal highs double top so I'm fairly confident the market will will get above these highs um yeah this chart is is quite complicated at the moment just because we're there we go midweight we've us we've broken the Asia high now so there we go Target mat wow holy crap well done yeah no worries good to see just just about to hit totally relax my heart rate is low there we go what beauty this is actually not my account it's it's one of my friends so oh you'll be happy order canell that's it booked that would have been about 5k so happy days we don't have to trade more what I really recommend is if you get a good trade in the morning or something is don't trade anymore that day because because the Euphoria will carry through yes and it'll make you overconfident and you you'll try to pick reversals and the overconfidence can actually absolutely destroy you as a Trader so yeah be be very watchful if you get a good trade like we just did um yep it's time to stop and go do something else now we could find more trades but for me that's booked so I'm going to just stop the recording um so that was called setup one basically Asia low manipulation we entered quite aggressively on the break of this stacked to balance okay that's a bullish sign So I entered very aggressively because it was during the news release and we got to our Target no problem and it will probably surpass that and uh that this is the time you want to look at volume profile points of control um all that kind of jazz so good trades