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75

White swan7:03

Transcription

So that's recording. Now the only thing that I have on screen is the indicator that is the mentorship version. And these are the settings so that you can pause wherever you need to and replicate them. Take these off. And for the purpose of this video, I shall increase the demand the indicator puts on the PC and trading view by changing that to zero. The indicator is also in front of the candles, not behind, in front. And that way you're able to see the candle bodies and wicks and all that jazz. All right, medic. What's the [ __ ] model? That's probably not going to go well on YouTube anyway. Keep it stupid simple. Above previous quarter high in premium. Premium if you're looking at the monthly cycle on the 4hour chart is the entire previous month's range as we have recently clarified. So anything above this is premium above the true month open. You are looking for SSM. You're looking for a previous week's high to be souped on one pair and not souped on the other. So, what you're looking for is a wick to turn light blue indicating SS SMD up here. Once that happens, you are then going to go down to maybe the 15minut or the 1hour chart and you are going to wait for the same thing. You're not too concerned that you're in discount on this time frame. You could of course wait for it to get into premium. Up to you. But being above the previous week's high on a higher time frame premium, that will take precedence. This wake is blue, which means there's already some form of SS SMT happening above the true day open. You're now just waiting for a box to appear. Once a box appears, you've got high time frame SSMT or low time frame SSM in premium above the previous quarter high. When a box does appear, for example, if it appears here, then your entry is going to be on the box low. Your stop loss going to be a little bit above the box high, and you're going to short it all the way down in the discount. That is the model. That's it.

And it's the opposite. When you're in discount, when you are in discount and you are below previous quarter, low. Come on here. What you doing? Why are you not appearing? Boggy. So Boggy here. You're not in discount. You're still in premium. You want to be in discount. For example, if you are in discount below previous low, below true month open, go down to the 1 hour or the 15minut and you're looking for a box to appear. When the box does appear with SSMT, so you can see this wick is blue. There's SSM there, there, there, your entry will be on the box high, stop loss below the current lows. Ideally, you'd identify which one's protected and you're longing all the way into premium. It is that [snorts] simple. Then what's the problem? Why am I not profitable? It's because you're over complicating. It's because you don't want to wait for price to come to an area where you know how to deal with it. You want to trade every single move up and then the indicator doesn't work because you're not using it the way it was designed to be used. The concepts don't work because you're trying to use every single concept that you've been taught. Not going to happen. Pick one or two and get it into a model. Until you have a model, you won't be able to back test. When you can't back test, you are not able to gain the level of confidence required to execute in a live environment. Executing in a back test means I can see what's going to happen before or rather quickly after I press the button. Doing it in a live environment, you can't. The model is simple. It's easy. It's reproducible. And it happens again and again and again. Manage your risk and apply it and you will be profitable if you keep at it.