Transcription
Okay, good morning everyone. It's currently 4:44 a.m. right here, very early. I've been up bad testing, you know, as usual. The market condition right now isn't the best, right? But, you know, there's still, you know, moves that you can make use of, you know, with the concepts that we, well, our concept, the concept that, you know, we use, the concepts that we alone have, you know, no one else knows about, right?
So, as you guys can see, this is the 50-minute time frame, right? For the 50-minute time frame, we always use which cycle, which time frame cycle, we always use the daily cycle, right? Right. And we, we all know that the daily cycle is comprised of four sessions, right? So, this shaded area right here, this would be the Asian session, right? And this red shaded area right here would be the London session. So, over here, I have the NASDAQ 100 futures, right? March 2024 contract, which will be expiring next month. And on this side, I have the E-mini Dow futures, March 2024 contract, right?
So, as you guys can see, we have SMT at these lows, but this is not any regular SMT, right? This is sequential SMT, right? Which is the SMT that, you know, we pay attention to, right? That's the SMT that we use, you know, the main one. There are other ones, but this is the best, right? And over here, right, Dow Jones, we have in Q2, right, which is the London session, we have price failing to break below this low and this low, right? Forming a failure swing due to the fact that the NASDAQ traded below this low, right? And we had price failing to break below this low, that created SMT. But what really, you know, makes it special, remember, is the times, right, that each low forms, right?
So, we had here price breaking below this low while trading below, through the true day open, right? Remember, the true day open is 12 a.m., right? Which is this time right here, right? And remember the setup that I taught you guys, right? You remember it, right? This is literally it, but using different times, right? And a different cycle. So, as you guys can see, we had price break below, right? Trade below the true day open here, you know, create sequential SMT. Afterward, you had price break above, you know, this candle, right? This specific candle right here. Price traded up, dropped back to the opening price, right? Dipped into this fair value gap, but barely. And then we had price move, right?
So, remember that we use this right here, right? This opening price, right? Whenever price breaks below, through open, right? Goes above it, and comes back down, as long as there is sequential SMT, you can use this, you know, pair and pair it with a fair value gap, right? And remember that due to the fact that this candle right here, right, is where the true open, you know, originated from, and due to the fact that this is what a traditional breaker would be, this specific up-closed candle right here, this would be what? This turns into a high-probability breaker afterwards. So, price broke below, broke above, you know, once price fell into this fair value gap to get below the true open, that's when you would buy. And that's not all that's here, right? Now, right? I'll turn, I turn the crosshair on so you guys can see, right?
So, at this time, at 3:45 a.m. this morning, right? Remember what I, you know, I introduced you guys to, and we'll go more over this, right? This swing low right here, right? You guys can see this swing low right here. It is up-closed, right? You guys can see that it's up-closed. And if you look at the swing low that formed at the same time in Dow, it's down-closed. You guys can see that, right? Okay. So, this is a high-probability swing low, right? This would be, you know, your highest probability entry, right? Even if price closes here, you could enter on this candle, put your stop below this candle right here. And this is a type of high-frequency entry, right?
So, if you would have bought anywhere here, right? And, you know, put your stop below this fair value gap because, due to the fact that there is a balanced price range right here, right? There's not a double fair value gap. There's another one here, right? You wouldn't expect price to go below this. So, you could put your stop below this fair value gap right here and, you know, just exit above this high, collect a few pips, easy as that, right? But you need to, you know, practice tape reading, you know, and backtest, which is what we're doing right now, to backtesting, right? You look back at, you know, you know, the exact model that we talk about, right? This is what we always talk about: sequential SMT, price breaks up above, you know, a breaker, which the opening price of that breaker is the true open, and then price drops back, you know, it just touches the true open, which is a breaker at the same time, so it's a high-probability breaker, and then it just expands.
Now, you know, we're to look, you know, deeper into price action right now. So, right now, we're just, you know, this is the x-ray vision, per se. So, now I turned on this indicator, right? As you guys can see, now we have more, you know, these are some invisible, these are some invisible levels, right? You're not going to see these without, without this. These are, these are true week opening gaps. And no, my bad, not true week opening gaps, that's something else. So, these are new week, new week opening gaps and new day opening gaps, right? So, right here, you can use the color code and match. Let me change this one to green, okay? So, this green right here, this green, you see this level? That's the new, that's the new week opening gap. This gray level right here, these are previous new day opening gaps, right? If you need the settings, you can, you know, just use this.
So, whenever you have, you know, our the levels that we would be looking for overlap with these, that makes it even higher probability because, you know, just look at this. Look where we have this low form right here. If you're really cheeky, you could literally go in right here and, you know, just look for an entry here, literally. So, we had price trade below sequential SMT on the new day opening gap, then price traded above, right? Dropped back a bit, you know, below the new week opening gap, right? Why? Because it needed to find this opening price right here, which is the opening price of Q2, which is the true day open, right? And the true day open overlap with this new day opening gap and this fair value gap and this breaker, which made this a high-probability entry, right?
Even though right now we are not, you know, in the best market conditions, right? We're not in the best market conditions right now. It, this is like really advanced, you know, this level of price action right here is really advanced to see this, right? Because if you zoom out, you'll see, you won't see any higher time frame PD areas that you could use, right? That would lead to you, you know, being in the right, trading in the right direction. So, yeah, you know, just wanted to give you guys a bit of a, you know, update on, you know, current price action right now. So, we have, and we currently have liquidity above this high right here. We'll see if price, you know, wants to get that before doing anything else. But currently, you know, the best move is already done, right? And we have liquidity below this low too. So, apart from this, anything else, you know, trading anywhere else would be, would be high risk and low probability. So, yes. And until next time, I'll talk to you guys, right? Have a good morning.
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All you want to me is a bre OB session. I am the working tent on burning the street. How many times can I ask you? How many days can I go without you? Show.
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Ting, I can.
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Learn fire.
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The.
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Of how many days can I go?
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Oh.
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