PRICE ACTION 2.

Week 1
Session 1&2 : Logic

For us traders, everything revolves around the Big Boys. The Big Boys are
generally dealing in longer trajectories. They're not interested in small
moves.

If you understand where you stand in the big picture as a trader, you'll
quickly understand your thought process might be in direct conflict with the
larger players.

The Big Boys need to get most of their position in as early as possible. The
later into the trend, the less likely the Big Boy will continue to be
aggressively active.

This logic is in direct conflict with a new developing trader constantly getting
attracted to a move that's been in play for a while.

Session 3 : The big boys

Every trade you do, must point to a proper "WHY?"

You can raise your understanding behind each trade you do through proper
education. Without proper education behind each trade, it all becomes a
gamble.

Session 4: How you will trade

Dream bigger! You're looking to be better version of yourself.

KEY TAKE AWAYS

 We're going to identify the trajectory of the larger player

 We want to position ourselves early enough before the trade becomes
too much in play

Session 5: Stages of the market

What I want you to focus on is what each of these Market States represent.
Not how to draw them, or how to trade them.

First, we must understand what they represent.

KEY TAKE AWAYS

3 States of Markets

 Trending, Channels, and Ranging

 Trending represents Big Boy has a trade in play
 Channels represents Big Boy is most likely finishing up his/her play
 Ranging represents Big Boy is most likely loading up on orders

Session 6: Ranges are your best friend

You'll see me talk about ranges regularly throughout the lessons. It will be
your new secret weapon going forward. 💪

Ranges are larger players building orders.

Session 7: In summary

The Big Boys are not out to get you. We are simply positioned incorrectly in
the markets. Change your approach through proper education.

KEY TAKE AWAYS

 Ranges are your going to be your new best friends

 Stay on top of your 3 Market States : Channels, Trending, and Ranging
 Ranges : Big Boys building orders
 Trending : Big Boys already in play
 Channels : Big Boys finishing up

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Week 2 : Fundamentals
Session 1: The economic calendar

We want to gear ourselves with some basic Fundamental knowledge to get a

grasp of "What is the world doing, where are they headed?" This knowledge
will help you build upon the "Why" behind your trade.

Some sites you can use for the economic calendar :

 Investing : https://www.investing.com/economic-calendar/
 FX Street : https://www.fxstreet.com/economic-calendar
 Forex Factory : https://www.forexfactory.com/calendar.php
  MyFXBook : https://www.myfxbook.com/forex-economic-calendar

Session 2: Understanding the data

The Key Major Economic Indicators we should stay on top of :

 Interest Rates Changes

 GDP
 CPI
 Employment Related (Such as NFP)
 PMI

For the PMI, please click on the link on the calendar to understand the
numbers better for this.

For example a number above 50 is considered a good economy and a

number below 50 is considered bad.

Sometimes you'll see on the calendar you'll see previously the number was
54 (Which is good). The expectation is 53 (worse than before) and then the
number gets released and it comes out as 52.

Now, 52 is worse than 53 right? However, it's still above 50. Thats still good
for the economy. So this one can be a bit tricky at times if you're not on top
of it.

Change in Fundamentals (Shock)

I, personally like a shocking news. What I see as a shock in the economy is a

change in direction. For example :

Previous Number : 3.5%

Expectation : 3.7%

So the expected direction is a better economy right?

Then the numbers get released...

Actual : 2.9% 😱😱😱

This is in the opposite direction of the expectation of the market. This in turn,
begins the movement of money. A panic like this gets many investors
involved and making changes to their mid to longer term trades.

Not a Panic
If the actual number came out as 3.6%... that's ok... its still in the expected
direction.. just not as good, that's not a panic.

If the actual number came out as 3.9% its better than expectation! But its in
the same direction as the expectation - this also is not a panic.

Daily Practice

I'm having my team put up the fundamental chart under my supervision

everyday. This will come very handy in your trading. Of course this is my
interpretation and opinion of the economic calendar which has proven to be
very fruitful to me over the years. You can go into the fundamentals as deep
as you want, however, this is as far as I'm going to take you in terms of
fundamentals for the sake of progress in the shortest span of time. 👍

Session 3: Keep track of fundamentals

The chart I've drawn in the video is available updated everyday on the Daily
Practice section.

Update only where there is a change in fundamentals

A star represents mixed results (not a reliable directional currency)

A BOLD / Underline represents a Shock

This is a key part of your Preparation Phase. (We will build upon this phase as
we go deeper in the program).

Next week, we begin our journey hard into Technicals with logic, technic, and
strategy.

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WEEK 4: PAIR SELECTION

Session 0: The turning point

It's not how much and how valuable your knowledge is.. It's how you can use
that knowledge that will define you.

Avoid thinking the market falls under a pattern but rather twists, turns, and
evolves day to day. Doing just a little bit of research before trading, will
actually improve your performance.

Session 1: Intro to pair selection

Power = Session Break

London Example : If you want to trade during London session....

You would be interested to see if there was a consolidation in the previous

session, in this case, Asia. If during London session, it significantly breaks
Asia high or low, your power has activated.

New York Example : If you want to trade during New York Session...

You would be interested to see if there was a consolidation / range / hold in

the previous sessions - both London and Asia.

Why London and Asia?

When New York opens, London has only been running for half the day.
(London and New York Sessions overlap). So its best to also see if you can
break Asia session.

Session 2: Beyond the breaches

The big boy's presence intensifies if you're able to spot an entire previous
session consolidating (going sideways) and then your current session, breaks
the highs or lows of that.

My best Cheese trades 🧀 are from breaches that are also session breaks.

Session 3: Identify the perfect trade

Once you're able to identify the power, preferably that is a breach of a range,
then you want to cross reference that with your fundamental notes.

For best top pair selection : Try and align your trade direction together with
your fundamental understanding.

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WEEK 5: IDENTIFY THE PLAYERS

Session 1: Introduction to timeframes

"If you're trading correctly, your opponent is not the larger player, however
the big boy doesn't like having you around as you ruin their liquidity.

You're up against misinformed traders who are trying their luck, gambling, or
extremely biased without research."
Take this as an example :

You bought a house at a decent price, you did all your research and analysis
and expected the markets to go up for the next 5 years.

Its now 5 years in the future and your house is now worth 7 times what it
was worth. But based on your research, you think this is the end and you
want to start selling your house.

For you to sell your house... you need someone willing to take the risk and
say "I think it will go even higher, so let me buy this very expensive house
from you"

Without those people who think their research is better, you'll never get to
sell your house otherwise.

You see where I'm going with this?

It's knowledge and experience vs. someone trying their luck. So lets keep
raising your knowledge and experience 💪

Session 2: Who you are up against

"To be the best, it's not gaining access to the best strategy but rather
understanding all the elements around why a trade moves and every piece
involved around it."

For a pullback to resume its original trend, it needs to attract people on the
wrong side first. Allow that time to play out. Monitor any sharp or "Shocking"
moves that might make people turn into sellers.

Session 3: Concept of 2 timeframes

Stick to 2 timeframes at all costs. Avoid going into multiple timeframes it is a

dangerous cycle and will ruin your focus.

For smaller timeframe traders (Those who want to trade everyday) Cheese
Trades :

Stick to timeframes : 60 and 15mins. Or 15min and 3mins if your broker has
good spreads.

For higher timeframe traders (With less availability)

Stick to timeframes like : 240m and 60min. Or Daily and 240m if you're very
busy.
Don't forget to always stay on top of the economic data twists and turns on
whatever timeframe you're on.

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WEEK 6: GAUGING MOMENTUM

Session1: Rubber band man

The Rubber Band Man, the sensation of Urban Forex, is a simple tool to assist
you in easily understanding how the momentum is fading or accelerating.

Session 2: When to apply

The only time you need to focus on the Rubber Band Man is when you're in a
pullback phase. Your objective is to join the main trend. So when the price
pulls back, you need to answer "When can I get in?"

Understanding of the Rubber Band Man can assist you with that.

Session 3: The digestion

Large Meal (Large Candle) = Longer time before it digests (before it can
rejoin the main trend)

Small Meal (Smaller Candles) = Shorter time before it digests (before it can
rejoin the main trend)

Session 4: Rollover phase

The range is your best friend. That is your access to the Big Boy, never forget
that.

Having that said, once the pullback has been digested (or the rubber band
man has finished its run) carefully look for the range.

This final stage is called the "Rollover Phase."

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WEEK 7 : MONEY SPOT

Session 1: What is money spot

The money spot is the final area before the trade leaves.

A money spot is a battle between a simple technical analysis trader against

the "knowledgeable" money.

A money spot ONLY shows up when the opposite party is activated.

Example : If the trend / research is down... Your job is to sell once you see a
pullback.

A pullback is not a pullback until you can clearly say "I'm certain people
turned buyers there"

Money spot can also be looked at as the final stage of the digestion.

(Digestion is a topic from the Week 6 Lessons)

Session 3: Strengthen with a probe

A probe can have multiple uses.

- It can activate power. (Breaks previous session but then reverses back)

- It can show up on a lower timeframe during the money spot as the last
attempt to get more orders.

Market structure

- In an uptrend prices consistently form higher high and higher lows

- The price typically breaks the highs and respecting the lows. The trend
will end when the price breaks the major low to the downside. Hence it
is crutial that the price don’t break the major low.
- Whenever the price breaks a major high to the upside, it forms a break
of structure (BOS) and forms a demand zone associated with the BOS
wave.
- Identifying major highs and lows is critical as it is enables us to detect
signal for a trend reversal or continuation in the market. Without
proper identification of these pivotal points, there is a risk of falling into
traps and trading on the wrong side of the market.
- How do we identify major highs and lows? If you pay attention to the
very first wave of the structure, the highest point reached by the price
before the first retracement is considered the major high. Additionally
the lowest point of that major high is recognized as the major low.
These two then form the external structure of the trend.
This is not deemed a valid break of structure because the break
occurred with a wick.

This then becomes a valid break as the second wick of the bearish
candle exceed the first bullish candle.
The candle should close below the major low to form a valid change of
character.

THE STRATEGY
Step 1
 Step 2

- Wait for the price to touch the 15minute demand zone

- Wait for a change of character to be formed afterwards
- That move that create the change of character will create a new 1m
demand zone (ideally one with a FVG)
- When the price retraces to that zone we will enter the market
- Financial news and fundamentals remain very important aspect of this
trade. Fast Bull in one of the trading websites with very informative
and reliable fundamental analysis information.
In case you missed the first entry opportunity, you can still enter the trade
on the second or third opportunity. It is imperative though that you wait for
the formation of liquidity zones in the form of double bottoms or choppy
ranging prices. When prices then finally grab the liquidity, it will move down
to the demand zone (second demand zone) created. Then you will enter.
After the creating of the liquidity zones above the demand zone, we can now
set a limit order above the demand zone.

Key point

We use liquidity sweeps as confirmation factor. The idea is simple, market

requires liquidity for momentum. If the price doesn’t not sweep liquidity
before a key level, it is often use that zone as liquidity to fuel its momentum.
All of the above must be met before an entry is made.

It is imperative that you backtest these strategy and the recommended site
for this is TraderEdge
Then switch to 1m timeframe

If the first entry is missed, move to the second and all the condition as laid
out before should be met for the second entry. Reflect below:
IDENTIFYING A VALID BULL BACK
- These pullback moves creates internal liquidity characterized by
inefficiencies or static liquidity to be swept.
As illustrated above, a valid pullback need to meet the following criteria.

- The candle should break below the lowest point of the previous candle
and sweet the candles liquidity.
- The colour of the candle does not play a role in identifying a valid
pullback.
ORDER BLOCKS
- Every order block is a demand and supply level, but not all demand
and supply zones qualify as order blocks.
- Every reaction to a price level create a demand and supply level
- This signal that for whatever reason traders have in that area place
large amount of sell or buy positions which resulted to significant price
movements. So when price return to these levels, we closely monitor
for a possible entry trade.
- Trading every supply and demand area will not be effective. When
these supply and demand zones are accompanied by other conditions,
the chance of working significantly improves.

1. Inefficiency
Inefficiency, imbalance, and fair value gaps are highly similar concepts.
When large amounts of money enters the market and creates and
imbalance between the buyers and sellers the phase of inefficiency is
created in the market. Price often come back to these areas to collect
the remaining orders which creates a trading opportunity. The price will
takeoff after reaching the order blocks that created the imbalance.
2. Breaking the market structure
When the bullish price close above the most recent high, the origin of
the price movement becomes very important. It shows that the
demand area that created the price movement is not just an ordinary
level but an influential zone in the market structure. These demand
areas are considered as valid order blocks.
3. Liquidity
Combining the concept of lliquidity with that of order block increases
the success
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