Transcription
I trade the Quality Theory trading strategy, and this week it yielded me over $3,000 in profit as well as around about six or seven RR on the charts themselves, and also thousands of dollars and lots of past accounts from my students who took the trades with me. So, with that being said, let's go ahead, jump into the charts, break down every single trade, the losses, the wins. So, let's jump straight into it right now.
So, in terms of the performance on the week, I actually traded every single day of the week this week. I don't usually do that. Usually, it's around about two to three trades per week, but if every single day is clear on my model, then I'm able to take that trade. So, I believe it was Monday, Tuesday, both wins. Wednesday was a losing day, Thursday was a winning day, and then on Friday, which was literally yesterday, we took two trades, both of those were break evens, so we didn't lose or make any money on those. We should have done, and also our winning day on Monday should have been a lot bigger as well, but we live and we learn, it's completely fine.
So, the framework itself, right? So, coming into this week here, if you guys used the candle closure logic that I teach on my channel, you would have expected overall higher prices for the week, right? Because this weekly candle, the 20th of April, this weekly candle closed above the 13th of April weekly candle, okay? So, what is this? This is a continuation candle signature to the upside. So, that means our main target coming into the week of the 27th of April, that means that our target is this high, the previous week high, okay? So, before we do anything, mark out our previous week high, that is our main target. So, as long as price is below this weekly high, we can look for longs up towards it, okay?
So, then if we then drop down to the daily time frame, but also I had in mind that once that high had been taken, we could then have easily retraced lower because we had two unfilled weekly gaps here. Um also, YM had one which was a lot closer right there, and it did actually hit into it during the week. And then, once it hit it, we then traded higher. Why? Because we got an SMT fill, okay? So, as soon as YM traded into this gap, you must have been very, very cautious because then this gap essentially didn't actually have to be filled on NQ because YM had already filled it and formed that cracking correlation, that SMT fill, okay? So, longs were valid after YM traded into its weekly gap.
So, now let's go to the daily time frame. Let's remove the drawings from here, and let's kind of look at the candle closures themselves on the daily time frame and how we could have capitalized just on those alone, okay? And then, I actually look for shorts, and both the trades I took Monday, Tuesday were shorts also because, like I said, my framework was once we've hit the previous week high, I then don't mind looking for shorts in towards that weekly gap, okay? So, Monday itself closed as a reversal candle signature to the downside, so that means Tuesday easy shorts at least down to Monday's low. For me, narrative was still lower, so I still shorted even once we were below it. So, this candle closure played out perfectly. Then, the candle closure here on Tuesday was technically a continuation to the downside, and it was also the same on ES. I guess just about it's like an equal closure right there, so it wasn't necessarily like. However, on ES, it was actually a bullish reversal one, but as you can see, NQ did not hit this low, but why? Because ES did, okay? ES took out the low, therefore, what is this right here? This is an SMT between two consecutive days of the week, bullish weekly cycle, sequential SMT. So, then why did this day go higher? Because this would have been our weekly manipulation, that Wednesday sequential SMT, Q3 manipulation, Q4 distribution, and the following day continuation, okay? So, that was kind of like the framework right there of the week. As you can see, the candle closure played out perfectly on Thursday as well, easy longs coming into Friday up towards that previous day high. As you can see, it hit very, very nicely, okay?
So, then once this weekly cycle SMT got in on the lows, we had also formed something else as well. So, if we go then to the 4-hour time frame, you can actually see on Wednesday, YM took out the previous week low. I think it was on Wednesday, yeah, Wednesday. So, what we had over here was then a bullish monthly cycle sequential SMT. As you can see, all marked out by my indicator. I'm literally not a single drawing on this chart. If you guys do want the indicators, link down below for those in the description. Does everything for you. I mean, everything Quality Theory right there, my entry model for the TCISD, a couple free indicators there, the SMT fill, etc. But anyway, right? So, on Wednesday was quite like the turning point for the week, that Wednesday low of the week, weekly cycle sequential SMT, monthly cycle sequential SMT, and YM, that was when YM had traded into that weekly gap and formed that SMT fill, okay? So, Monday, Tuesday, easy shorts towards that gap. Then, once we've established, okay, now we've got cracks in correlations inside of that gap with an SMT fill, now we could then begin potentially forming longs towards the upside, okay? Cuz we'd had those bullish cracks, but only if they got confirmed, right? And we'll get into that shortly.
So, in terms of the trades that we took, let's go over it. So, on Monday, I do trade on the 1-minute time frame. So, if we go to 9:30 here, so if we go over to 9:30 here and we take a look at what Monday did during kind of that 9:30 time period, as you guys know, my narrative for Monday was bearish as we just went over, you know, we took the previous week high, short down towards the gap. Then, within my specific window, 9:00 to 10:30, which we can mark out here for you guys as well, literally this whole entire trading range here is where I'm looking for my entry model, okay? Now, this was very messy, I'm not going to lie. As you guys can see, not super clean, but what we had here was a sequential SMT between Q1 and Q2, right? Originally, it was like a regular one with wicks, all fine, all good, looking for short. But then, I hadn't taken my short prior to 9:30. 9:30 released right there, as you can see, it then ran out Q1's high, so we no longer had any more bearish micro cycle sequential SMT with wicks, but with the closures, we did, okay? So, if we mark out Q1's highest closure, it was here. Did Q2, so this quarter here, close above that closure that we have marked on NQ? No. Did it do so on ES? Yes, it did. This occurred at 9:31, okay? So, as soon as that candle had closed there on ES, we then had a bearish hidden micro cycle sequential SMT, okay? And now, this actually formed a little bit earlier with YM as well. So, this one formed here at 9:28, okay? So, that 9:28 candle is then our TCISD candle, so this one here. So, if we then mark that one out, right? Let's get rid of this green background drawing, we don't need this one for now. As you can see, again, indicator marking out for me anyway, but here it is, this little green box, okay? So, [snorts] once price had closed below it, which happened at 9:30, this little bullish candle is then our TCISD, so we're looking for price to retrace back into it and looking for shorts away from it to the downside, okay? And that's what we did, right? Now, originally, I wanted to enter just immediately at the retest of the TCISD at 9:38, but the stop loss on this invalidation level would have been too little RR and too much risk, like 132 ticks, that's quite a lot for me. I usually like to enter like 100 ticks maximum, usually around 70 to 80 is like the sweet spot for me, but what we did in this scenario is we waited for price to trade away from the TCISD, so reject away from it, and then we entered off this candle here, okay? So, this candle traded into it, nice wick formed rejecting away from it. We entered off the candle number three, you know, after the swing point had formed. So, a little bit more of a riskier sort of stop loss cuz it wasn't technically on the invalidation, but I did not want to see price above here again anyway, okay? So, we entered this, and then we targeted our little 2.9 R. I think the entry was a little bit lower down, so like 2.4, something like that. Just targeting this low-hanging fruit, just this low right there, okay? Now, this is where I messed up. This is why I said at the start of the video, Monday could have been a bit more of a bigger winning day, probably would have been like a 4-5K week if this would have played out properly, and it did, but silly me, I ended up closing out early just purely by accident. I entered the trade, it was running, and I dragged my TP on TradeZ and TopstepX, and I accidentally must have just dragged it to where price was, like I let go of my mouse, and boom, it just took me out straight away, okay? So, full transparency right there. I could have just lied and said, okay, yeah, I hit full TP, but I was showing this to my Discord as well, and I just said to those guys as well, like, damn, I'm an idiot. I just closed out by accident too early. No, sorry, this wasn't on TopstepX and TradeZ, this was just a trade taken on Topstep, I believe this one was. I definitely didn't make the mistake twice in a row. So, this was just on one set of my accounts. So, I got out for like a 0.5 R literally as soon as I entered, literally just mistakenly just closed out straight away just as soon as I was dragging my TP, right? But it happens, it is what it is. It was still a little winning day, so like, can't complain at the end of the day. I didn't revenge trade or anything like that after, just remained disciplined, it was my mistake, okay? So, that was the trade that I took on Monday.
Then, let's go over to Tuesday. As you guys know from what we spoke about at the very start, my narrative was still bearish, okay? So, again, like, once I've established my narrative and bias for the day, all I'm doing is looking for trades in line with that. Anything that doesn't line with that, I don't care about, right? So, I've got an entry around 9:30 or prior to it on this day here. I'm sure you guys can see the entry that I did take though, right? Stands out very nicely. Again, indicator just marking out, it's just absolutely beautiful right there. Q2 Q3 bearish micro cycle sequential SMT, I mean, TCISD, beautiful re- I mean, it is beautiful, right? It is beautiful, okay? So, as you guys can see, bearish micro right there, YM did not take Q2's highs, neither did ES, so even higher of a probability of trade here, which candle created it? 9:48. Then, we got instant displacement, 9:49 closing below it, confirming the TCISD. Entry at the retest at 9:50, wait for a small rejection, entry around about there, stop on the high, and then [snorts] we just target a static 2R on this one as well right there, as you guys can see, okay? And yeah, beautiful. I think that was actually the high of the day as well right there, or at least high of the session, the Tuesday, yeah. So, we had a little bit of a high high of the day towards our left over there, but like high of my specific window. I don't mean I mean, it's a beautiful trade, right? It would have carried on running, carried on running, whatever, but I always emphasize you don't need to catch the whole entire move, just a piece of the move, that's all you need, okay? So, a nice, very nice W right there, beautiful way to start off the week, obviously, two back-to-back wins, Monday, Tuesday, so it's a great feeling, okay?
Now, Wednesday comes around, let me teleport to Wednesday here real quick and just remember what I would have taken. Okay, no, I do remember. So, on Wednesday, I initially was still bearish. I was still looking for shorts, bullish monthly cycle that we spoke about the start, but it hadn't been confirmed within my specific window. So, I was kind of anticipating that we'd go a little bit lower. Obviously, after Wednesday's close, it all became clear that Thursday, Friday higher, whatever. But initially, I wanted shorts, okay? Now, what I really wanted and what I mentioned within my stream to my Discord was this would have been the perfect scenario because initially 9:00 a.m. had no wick on its low, right? So, right there. It you know, opened up high, chopped up here. What I would have really wanted is Q2 to open up the micro, pop up with the high, form a clean bearish micro, a 1-minute TCIST, and then just dump lower from there. Like, I would have had so high conviction that trade right there. It would have been beautiful. But unfortunately, we didn't do it. I then did call out another entry what I potentially may have taken at 9:30. Now, I don't like to enter off the 9:30 candle directly, but I saw what it had done. So, I knew it had wanted to trade lower. What it did there on YM was form an SMT fail, so it traded into this little 1-minute gap. NQ did not trade into this gap as you guys can see right there, okay? At 9:30, it kind of wicked higher then began rejecting. I really wanted to enter, but like it's like where do I place my stop loss, you know what I mean? Like, I could have Okay, if I had it here, but that 9:30 candle sometimes it's just too volatile. It's just not even worth it. And if I would have had it all the way up there, I mean, that would have been crazy risk, right? Yeah, like never in a million years would I have done that. So, I just let that one run. What I did then did overall play out how I wanted it to do, but then I looked for a continuation cuz I really thought that this would hold. I think it was a 5-minute gap somewhere around here that we'd formed. Yeah, some sort of like 5-minute gap around there, 5-minute gap around here, and I looked for my entry here essentially. And this one was actually quite unfortunate as well. This was stopped out to the tick and then just run to my full TP, okay? This ended up playing out and it would have hit like I said, my TP from this bearish micro, but I entered off a nano. So, we had this micro officially here. This one formed right there, okay? So, the micro cycle formed at 9:50. I got into a short. I don't think it was off this drop. I think I entered off this candle at 9:54. Then the 9:55 took me out right there and then it dropped, okay? So, let's go to the 15-second on Wednesday and you will be able to see sort of where I did take my entry, okay? Okay, yeah, it was here. Yeah, there it is. You guys can see it here. I think it was this one. Let's put it in replay here just so we can see as well. I'm 99% sure. So, as you can see, bearish nano, TCIST, whatever, whatever. Entered at the retest, stop on the high right there. I don't know if it could have been this one cuz this one probably would have hit my full TP. Let's let it play out a little bit more actually. Yeah, no, it weren't this one because we we got stopped out like pretty much 10 ticks above and then it ran. It would have been this one. Would have been this one here. Okay, then here it is. So, we entered TCIST confirmed there, you know, we entered inside of it, stop on the high, boom, boom, boom, and then I think we were just like targeting this low or something like that. Entry was probably a little bit lower down. I think then Yeah, it came close. No, okay, it must not have been that one then, I guess. What time is that? 10:01. Let's see. Okay, yeah, maybe it was this one here then. Maybe it was this one. Yeah, so it must have been around there, but either way, like it doesn't really matter too much. It was around here. You can see it just formed another leg higher and then it just dropped and it ran I don't know. My TP must have been down there. I can't quite remember that one. That's really on the 15-second. So, quite a bit of a mess on here on the 15-second to be honest, but yeah, that was pretty much the trade that I took on Wednesday.
And then, if we go now to Thursday, let's take a look at how Thursday was. So, Thursday was a win. Thursday was literally a singular minute TP. This is actually the trade trade recap that I posted on my YouTube as well. So, feel free to go check that one out if you kind of want to see like the full full breakdown of that one. But basically, what this one was I remember in my head, but I'm now forgetting. Oh, it was an inversion TCIST. Okay, I remember it now. I remember it now. So, yeah, pretty much what it was was an entry from here. Yeah, literally right here. So, this was the trade right there, stop on this high, and then just down to this 10:00 a.m. low for again another like 2.2R or something like that right there. So, yeah, like I said, this one's been broken down on my YouTube already, but all it was was essentially just still bearish here. As you can see, overall, the 10:00 a.m. had closed right there. So, this was the 10:00 a.m. low over here, right? And basically, 10:00 a.m. as you can see, opened up high right there, open high hope as you can see right there, open high, open high. Boom, it confirmed then this bullish TCIST. So, we put this one in replay right here. You'll be able to see this here. So, bullish TCIST should be marked right now, right there. Yep, as you guys can see. So, anyone that pattern trades TCIST would have just longed off that. But me personally, I knew that we were so close to that 6:00 a.m. 4-hour low. So, I wanted to see that low taken. So, what am I going to do? I'm going to wait for this bullish setup to fail, the TCIST to get inversed, which is if we close below this candle here, right? So, I was waiting, waiting, waiting, waiting. Keep going, keep going. One last time. Boom, inversed a TCIST. What does this indicate? That price wants to go lower and target a draw on liquidity, which is lower down. So, what did I do? Wait for price to come back into the TCIST, this little box. As you can see, nice wick, nice rejection, entered after it rejected slightly. Stop on the swing high before the inversion TCIST top place. And then just target the lowest and this hit in literally like a minute or so. And that's it. Another 2.2R in literally a couple minutes time. And that was pretty much the trade there on Thursday, okay?
Now, when it comes to Friday, this is when we got our two break-even trades. So, pretty annoying. It would have been, you know, a great way. I mean, like I said, it probably would have been if we took the full win on Monday and took this win here, probably would have been like a six or a seven K a week. But it's all good, you know, it happens. So, the first trade that I wanted was initially this long here. Like I said, my bias kind of flipped towards the end of the week for longs. Like even Thursday was pretty clear as well. I just took that small short just cuz it was obvious, right? Just straight down to that 4-hour low. But overall bullish Thursday, Friday. And Friday, we looked for a long initially and then we took shorts. The reason why we took shorts is because we'd over-expanded, overextended quite a lot. So, I was expecting a retrace, okay? So, initially I called [snorts] this trade inside my stream as well. A lot of the guys inside of there did take this one. I wanted this one initially. As you can see, the inversion TCIST, we got the bullish micro, we got the TCIST confirmed, all that good stuff, right? Soon as we inverse this, I literally said, "I'm waiting for this candle here at 9:20 to wick into this inversion TCIST and I'm long." And as you can see, it it didn't even trade into it. Barely barely just missed it. If it came an inch into this inversion TCIST, I would have been in this, bro. Stop loss was so clean, 50 ticks only as well, and it would have just ran. It would have been beautiful. We did then come back into it here at 9:26. And I was a bit more skeptical on this entry because I feel like this one already did what it was supposed to. It pushed price higher. Then we'd formed a bearish 90. So, it's like, okay, we could actually drop lower one last time at 9:30 now due to that bearish 90, then still go higher right after. So, I don't want to enter this one right here. So, I just waited for 9:30 to play out. Again, a couple more inversion TCIST and TCIST. 9:30 wicks into them so clean. Like Look how clean the TCIST is, guys. Like short from here, long from here, long from here, long from here. Like, it's just clean, bro. Go pick up the indicator in the description, guys. But either way, missed those longs and then I saw visually, okay, it was so overextended here. I now want shorts, okay? So, the first short that we took was around here. We actually had a nano cycle sequential SMT. So, that was at like 9:50-ish, I believe it was. Let me show you guys. I always lose my train of thought when when I hop on the 15 after the fact. Like, the 15s were really really, you know, high intensity. It's you've got to be quick with it, but I think it may have been around here somewhere. Find out. We'll find out for you guys. Yeah, okay, it would have been this one. So, bearish nano, TCIST confirmed immediately, wick in there at 9:51, short it obviously, stop on the high, target 2R roughly, something like that, okay? If this didn't hit TP, then I'll show you guys kind of what I think we went break-even straight away here after this candle printed. Actually, I did not want to see price come anywhere near this TCIST again. I just wanted to see it flush lower. So, break-even at this point. I think this was I think it might have been this trade, but the TP was just lower. I guess the entry might have been a bit lower as well. Something like that probably. And yeah, overall, I think that's what it was right there. As you can see, just break-even, price ran straight back to it. Got the inversion TCIST, then we did continue higher from there. Then what we did was waited for a 1-minute entry for our second one. I don't know if that was our entry in the nano. I think it was here. No, it weren't that one. It weren't that one. I I really don't remember. I always, like I said, lose track of the nano ones. But the micro one the micro one was very clean. This was super super nice. As you guys can see, bearish micro right there. So, the nano failed at somewhere around here. Then we saw that we got the micro right after. So, it's like, okay, now I'm going to trust this micro one a bit more. Take a stab at the second entry. A lot of the guys in the stream tried this one as well. Some people did catch some Ws off it cuz they didn't go break-even. But it's just my rules to do so when I'm supposed to, okay? So, bearish micro, this candle created it. TCIST, beautiful wick straight back into it. Stop on the high and then we targeted this this low right here, okay? For around about 2.3R and watch the edge of the century right here, guys. Oh my god. I was so really thinking that this candle was just going to open up and just just drop straight to this low. Little did I know, it didn't. Obviously, by the time this candle closed, we were break-even here as well cuz it was at least 1.5R towards my target. And as you guys can see, back to break-even. We left our stop on the original high though. Hold up. Hold up. On the original high, price did not actually end up taking it. Here's our TP. A little bit annoying, a little bit frustrating, but it is what it is, you know, that's kind of what separates a good from bad trader is if they can handle back-to-back break-even or break-even on the day, getting edged by the TP by a few ticks, whatever it may be. If they can handle that, they're good. They're the ones that are going to Okay, move on with the day. I've made no money today. Come back tomorrow and then hit a nice trade tomorrow or the day after or something like that, you know? Whereas a bad trader, they'll hit see this break-even and they'll probably end up blowing their accounts cuz then they'll go in back in, try and make some more money, lose some money, then repeat the cycle over and over and over, right? So, don't be that guy. Just close down the charts. Go outside. Just enjoy your weekend. It was a great week either way, right? So, three wins, one loss on the week right there. As you guys can see, for around about $3,000. I mean, thousands of extra dollars made by my students as well. Lots of passed accounts. People getting their first payouts. People getting their second payout. It's just an insane week really throughout the community and also my mentorship students. So, yeah, if you guys did enjoy this video, I'd appreciate support, like, subscribe, comment down below any questions you've got. If you do want to learn from me one-to-one and sort of build a system like this that you can confidently follow every single day and just take back your trades, pass accounts, become consistent with my guidance. I do my best to help you on that journey. So if you do want to work with me, link to apply in the description. Literally only two spots left now, so be very quick. Also links to join my premium membership group so you can take these trades live with me every single day. Indicate access, prop firm deals and discounts where I'm actually able to get these payouts using the prop firms with the best deals at prop firm IO in the description. Don't forget to check out the free Discord community so you can share your trades with the community, get help from others, and overall be in a Quality Theory community. Social media's down below. But with that being said, hopefully you guys did find this video useful. I'll see you guys in the next video. Goodbye and good trading.