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June 1 Market overview

DayeMentorship31:41

Transcription

Okay, so the amazing thing is, right? Um, you see, yes, we'll be introducing W Theory today. Just introducing. You've got to understand that everything is deeper than you know what I make it seem to be like. I try to explain it in, you know, an easy way for you to understand, like, for sure. Like, I give you the building blocks first, and then, like, after this video, you'll realize why I had to learn this, and I had to learn this, and why I had to understand this. Because literally, right, this is the thing that, you know, it would seem hard to a person that did not spend six months studying this, right? Literally, right? And it's, it's something that would not make sense to anyone, but it will make sense to you, and you will understand because you already know the, you know, the basics. And then you will literally understand that, wow, right, sequential SMT was actually basic stuff. It was just one, two, three. Yes, it's building blocks. It's not something that, you know, but it is something you can use by itself, but it doesn't give you that, you know, accuracy that, "Oh, I'm really going to be right right now, like this is for sure." Which, I mean, I should say that, you know, you know that's never the case, but sometimes it can be right. Anyway, so first of all, you already know how we start. You'll be looking at the, you know, scheduled movements that we have this week, right? So, like, it's month six. We, we don't need to act like anything is random, right? We know that nothing is random, right, right? And every week, there's certain days and certain times that, you know, price is scheduled to reverse, even before the fact, right? So, in Sunday, the, you know, people that actually control everything, they know which day is going to be the high or low of the week. Remember last week, we said that, you know, you know, for example, we would have the index futures, you know, go a bit higher. There will be some form of cracking correlation, right? And I'll explain to you why I had an idea that there would be a crack and correlation, which would send price low, which, you know, that's the only thing that will allow price to drop. Doesn't matter, you know, what you look at. That's the reason why price turns around. There's nothing else. There's no imbalance, right, right? Sequential SMT, intermarket sequential SMT, and both of them combined, which is, you know, the base of Dublin Theory, is why price turns around, right? Literally, that's what it is. So, right, this week, we're going to have a bit of volatility, of course. You know, it is Non-Farm Payroll week, and you already know the rules for Non-Farm Payroll week, right? Anyways, we'll go over it again. So, Monday, we have news events, right, at 8:00 AM, which means that, you know, Monday will be a tradable day, right? And you can see that it's right in the sweet spot between, you know, 9:00 AM and 10:30 AM, right, Eastern Standard Time, of course. So, we have, you know, a bit of volatility coming in. Tomorrow, Tuesday, we have volatility at 10:00 AM Eastern Standard Time, which will be good for scalps. I think that Monday will be, you know, better for a day than Tuesday. Wednesday, we have news at 8:15 AM, and then we have news at 10:00 AM Eastern Standard Time, right? So, you can see that this week is pretty full. Thursday, which, you know, is my favorite day of the week to trade, right? Well, Wednesday and Thursday. H, I like all of them. I don't know. Well, we have news at 8:30 AM, but that is the day before Non-Farm Payrolls. So, you know, if you're even doing anything, it's not that. Remember, it's not that there is a day that I should never be doing anything at all. It's just that there will be a lower probability of your trade, you know, panning out, right? The draw on liquidity will be unclear, which it usually is the day before Non-Farm Payroll, right? And on Friday, we have Non-Farm Payroll, right? NFP. And, you know, this will put a lot of, you know, engineered liquidity into the marketplace. So, this week could be, you know, a lot of excitement, a lot of volatility. So, if there's any week that, you know, you want to take to study live price action, to trade live price action, to, you know, you know, practice your risk management skills, which is very important. It's not just, you know, "I just want to trade it." Okay, you're going to risk 50% of your account. You win. Oh my God, I made so much money. Listen, you're going to do that again and lose, right? You're not going to win everything. Just understand that. So, so yes, this week could be jam-packed with excitement, right? So, yeah.

Now, we're going to look at the FX Triad here. You can see, right, in the order which we usually have them, right? USDX, then we have the Euro, then we have the British Pound, right? You can see that the high of the previous week was caused by what? Sequential SMT, right? A normal thing that usually happens. This is what we expected, right? It's price to run above its high, a high, right? And fall back within the range, which is, you know, pretty much what happened, right? And even when we did our, we did a live stream during the week, I believe, where we, you know, explained why I would expect, you know, price to go, go lower, which it did. And of course, you expected the same thing for the Euro, right? So, here you can see that we have, you know, these clean highs for the Euro, which, listen, I cannot, you know, dismiss these, these highs right here, right? I expect, you know, price to be gravitated to these highs. That's like what I'm looking for, at least this one, you know, this week. So, yeah, just giving you guys everything, like, just straight off the bat, like, no, you know, this is how it is. You know, the, the thing that, after, you know, of course, after you have spent time, you know, crafting your skill, right? You get to a level whereas you just see things like before, right? It's like, "Okay, there is no way I'm going to short right here, right? There's no way I'm going to long right here, right? I expect price to be drawn here." So, if there is any sign of, you know, SMT, sequential SMT, then I would expect price to be drawn to this level, right? So, it's not just, "Okay, I expect price to go here," but, you know, "I'm, I'm just going to randomly press a, but randomly press buy." No, you've got to wait for price to, you know, tell you that it needs to go there, because it doesn't have to, right? It does not have to, but there is a high probability that it might, that it will, right? Also, here you can see that the British Pound, you know, for some reason, has been extra, extra bullish, right? So, due to the fact that this has been like this, right, we'll, we'll be using the, you know, same concept that we learned last week in regards of the Dow, how the Dow, you know, pulls other assets into position, right? So, the Dow usually, you know, gets out of sync, and then S&P 500 now, that just follows, right? Same thing happens with the British Pound, you know, when you compare it to the Euro and the Dollar. Well, the Dollar moves in inverse to the Great British Pound, which, you know, you already understand. So, yes, that's all I'll say right now about these assets. It's pretty straightforward, right? You, you know, during the course of the week, you'll see sequential SMT, you'll see intermarket sequential SMT, and that will just point you into the direction, you know, where price should be going, right? Pretty simple. Price won't turn unless, you know, that characteristic is there. Price will not reverse unless there is a cracking correlation.

Okay, here, right now, you know, things begin to get, you know, interesting. I am not sure if everyone can see this right here. So, make it a bit brighter. Okay, this fair value gap right here, right? So, most of you guys know that, you know, this is a weekly chart, right? We expected, you know, price to, well, we expected this on the candle, this exact candle is what we expected, right? What did we expect? What did you expect? Okay, so we expected, right? We expected price to fall and then rally on Friday. That's exactly what we expected. We expected Friday to close back within the range of the entire week, which you can see that here on this candle, which is the weekly candle. We had price open, trade up, right? Then, you know, the low was made here, then price quickly rejected back into, you know, the weekly range. Same thing happened here, looking at the NASDAQ, and the same thing happened here now, right? What was a factor, you know, what was one of the reasons why this happened? Okay, first of all, look at the range, right, right here. Remember how we talked about market premium and discount, right? Everything, you know, works together. So, here we have price still being in premium. Here we have price still being in premium. But here, price was in discount, right? Literally, we had price trade, you know, down into discount, so below the 50% of the range, right here. It did not. Here it did not. Right? This right here, this candle right here, looking at the E-mini NASDAQ, S&P 500. Okay, let me use this. You can see what that's a precision swing point, right? Okay, at the top, this candle right here, what is this? A precision swing point. Now, do you understand the basis? Now, we're getting deeper, right? Now, right now, do you understand the basis of, you know, where I have these lines anchored? Where are they anchored? They anchor at precision swing points. So, that's how you find the range that, you know, will have the most probability in your hand, all right? So, again, the low here is anchored to what? A precision swing point. The high here is anchored to what? A precision swing point. You can see the low here, precision swing point, price rallied. The high here, swing point, price fell, right? And why did price, you know, not keep falling? That's due to the fact that in the Dow, we had price trade below the 50% of this range, right here. You see? People understand this outside of us. No one will understand this because even if you watch this once, like, you will definitely not get this, right? It takes time to go through your charts and see that this is actually there. Okay, now, what's here? This was sequential SMT. This was SMT right here, which caused, you know, price to fall here. But then, you know, people say, "Okay, why didn't price just fall all the way down? Why there was sequential?" Why didn't it just drop and just continue going lower? Because of this, right? One asset already satisfied price itself, right? The engine of price, the algorithm which runs price, that's the Dow. It fell low enough for all of these. Right here, we have, you know, premium behaving as this. And this is what happens whenever the Dow is in discount. Right? If the Dow is in discount, the S&P or the NASDAQ is in premium, then this right here, this fair value gap right here, will become what? A discount fair value gap. Even though it's not in discount, and we'll explain this more. And again, this is literally basic. So, right, what do we expect now? Okay, so we can expect the Dow, right, you know, open, trade a bit lower, and, you know, push up a bit. Same thing for everything else, right? Similarly for everything else. And we'll explain, you know, this price action more in more detail now.

So, here is literally, right, on the top, that is, you know, what I used to introduce Dublin Theory to you, right? And no, it's not this easy. It's just that I explain it. I try to make it, you know, a bit easier, right? So, this was literally what the high of the month, okay, was. This random? No, right? So, here, and if you guys remember, you can remember that, you know, we talked about literally while price was here, we thought about price going here. And then when price was around here, we thought about price dropping and going here. When price was here, we talked about price, you know, creating some type of crack and correlation here. Then we talked about price dropping lower, right? And what did we talk about as well? We talked about, you know, Friday returning back into the range. Literally, that's what we, that's what we wanted to see. We wanted to see Friday turn and go back into the range. So, right here, you can see that we have sequential SMT plus intermarket sequential SMT. So, this is the Dublin aspect of cracking correlations, right? Right here, we have sequential plus intermarket sequential SMT, right? So, literally, why did we expect price to drop here? What did I expect? I expected this. I expected the sequential SMT and the inter-sec. It's not just one, it's both of them. And as you can see, after this happened, price just kept falling, right? This is why. And, right, this is important. This is why here we had what? We had sequential SMT here, but price quickly, you know, got drawn back to that low. Why? Because here we have the Dublin aspect of the cracking correlations take place, right? It's very simple. Right here, we have what? One cracking correlation was here. Here we have two, right? Two is greater than one, so the two will attempt to cancel out the one, right? Why did we see price, you know, draw back a bit higher and drop lower afterwards? And remember, this is not like everyone else just going and just blabbing about nonsense or, you know, not knowing when price will turn around. We talked about this before it happened, dude, for six months now, right? So, there's a hierarchy of, you know, SMTs, which we'll talk about. And even, you know, though you can see every, all of them here, which all of there are many more correlations that we haven't even touched upon yet, which you will eventually learn, right? Which all have to do with time. It's everything has to do with time. If it's not in line with time, then it doesn't make sense, and it will not make sense to you because then a person will be like, "Oh, we do SMT everywhere. That was a real SMT, my friend. This is real SMT." So, right here, to the left, what do we have? Sequential SMT plus intermarket sequential SMT. To the right, what do we have, which causes the formation, if you can see between these two intermarket sequential SMTs or these two, you know, doubled SMTs, even right here, I don't write it right here, but right here we had hidden sequential SMT. So, literally between these two doubling aspects, right? So, it's one SMT, two SMT, three SMT, and the other one, which was, is hidden sequential SMT, makes four. So, 2 + 2 = 4? No, you won't understand this. So, literally, 2 + 2 is four, and that's how you can, you know, find highs of the month. That's how, if you, you know, you lower the cycle which you're working with, you can find highs of the day and so on, right? This is how. But as someone who is new, you need to, you should be focused on, like, the weekly cycle, the monthly cycle for now, until you understand it, till you grasp it. Another thing to understand is that you don't need to use two of them. You know, once you have sequential SMT and intermarket sequential SMT presenting itself at the same time, you know that's a doubling aspect right there of time, right? Literally, so time doubles here where there's a crack and correlation. Yes, right? If it was just sequential SMT, which happened right here, it's going to be short-lived. When it's both of them, then you can expect explosive moves. Do you understand? You begin to understand. You watch it again, then you will understand. If you don't, right? So, literally, we had right here, see, sequential press higher, then we have sequential plus intermarket sequential, a doubling aspect right here, then what happened? Price reversed. Okay, what makes this more quote-unquote short? Where are we? We were here above what? Above the true open of the month. Okay, I think we were above the true open of the month, right here. You see how everything comes together? Then here, where were we? What happened? Where we here above the true open? Make sure they got it. Above the true open of the week. You see this right here, right? This line, this dotted gray line right here, very faded, hopefully you can see it, right? This is the true open of the week. So, we're above, we're above the monthly true open, then we get above the weekly open. Then what happened? This is the true mechanism of SMT. This is the true mechanism. This is the literal true mechanism of reversals. There, listen, there we don't have a fair value gap here. There's nothing here with pressure versus. And it, and it literally falls in love with the concepts that we use, but we managed to anticipate this happening, right? Did we not? Of course, we did. Price fell, price returned here, there was a cracking correlation again, then it just, then fell again. Here we had what? Making the low of the month. What made the low of the month? Tell me in the literal same thing that made the high of the month. Sequential, sequential SMT plus intermarket sequential. You see, wouldn't we be perfect if it wasn't true, right? So, if you can't see the line, let me, let me make it brighter. Should be able to see it now, right? This red line, this is a true week open. We had here price, you know, trading above the true week open, creating sequential SMT plus intermarket sequential. You do not need high-paid, not necessary, right? You don't need them. Then what happened here again? Cracking correlation again. Price fell. Why did price return here? Like everyone was posting, you know, "Oh my God, US S&P 500 exploded. It's Friday." That's what usually happens. When does it usually happen? Like, it's just, but it just happens 50% of the times. When does it happen? 80 to 90% of times whenever we have sequential SMT plus intermarket sequential SMT in regards to the weekly cycle. Do you understand? And what happened here as well? Like, where did this happen? It happened below the true month open. It happened below the true week open, which is actually the way up here, which is why we had price stretch, right? We had price trying to return to it. It tried to get as close to it as possible, causing what? It was overextended. It tried to rebalance itself. Also, if you can, you know, if you realize, we have price using the, you know, true month open as support here. We had price using this true week open, right? Which is something else that you will learn, you know, pulling the true week open from the previous week, right? So, it will look like this. We have this true week open right here, and it's, um, what is it? It's Sunday. We haven't started yet. And then here, right, is on this candle that's the true week open of the previous week, right? So, here, what happened? We had price using the previous week's true open as resistance. There was intermarket sequential. You, you would be bearish here. Why? Why would you be bearish here? Because we already had sequential and intermarket here. Once we have this right here, and it's supported, right? So, while price was trading above this high, we had price consolidating here, right? It went above the current true week open. And here we had a doubling aspect of time as well, where we pull the information from the previous week and use it with the information, which is the true week open from the current week. Price fell. Sequential SMT plus intermarket sequential, right? Very important. Why am I on UTC+? You don't, you don't have to worry about that, right? It's the using the same times, right? You should just focus on here, right? These areas. So, yes, we will be back, you know, this week on Wednesday, right? Where we will, you know, go deeper into price action. I hope that you found something useful today, which you should have. You should have watched it again, right? We go deeper into price, and we're just like beginning. This is just, this is month six. You need to understand this to understand everything that comes after. So, Dublin Theory has to do with what? What's the base of it? Doubled cracking correlations. So, there has to be different types of correlations, and it's insane how well this stuff works, and you'll be amazed when you go through your, you know, charts and just see this thing over and over, just repeating itself. So, yes, have a wonderful day. And this right here does not need an end because this is nothing. Seems like something to you, but I, you know, can't just throw everything at you, you know, at once. Imagine I just threw this at you month one, you'll be like, "What? What is this? Doesn't make any sense." But it makes sense to you now, doesn't it? All right, I hope that you have a wonderful day, and I will be back here Wednesday at 6:00 PM Eastern Standard Time.

All you want to me is to break your session. I am the one on burning the street. How many times can I ask you? How many days can I go without without you being? The distance is a killer. Fire. How many days can I go without you? Still. A.