 okay welcome back everybody to another stream hopefully you guys doing great without further ado let's get started blah blah blah me links general disclaimer same as always education purposes only blah blah blah that way let's get started uh interesting day yesterday uh pretty much went as intended with some and not really with any caveats was pretty much uh as expected uh start off by dissecting the i think we're gonna get news coming in very soon so probably need to wait for that yeah we do have a person uh today's gdp growth so quickly cover what what it potentially looks like for us if it'll stop being slow there we go so i mean other than the fact that cleared everything out in terms of long wise yesterday then came back added more longs build sort of within the territory of being sort of very long bias getting that news coming in now again we want to sort of do the opposite of what everything uh sort of builds up to first moves ultimately ends up being down we're sort of looking for a potential sort of reversal i coming down nicely uh it's what we wanted to do but off the back end of the news we want it to sort of take high if it wants to continue going down but if it doesn't sort of take the high uh if it sort of comes in and uh first moves ends up being sort of a more aggressive sort of downward selling you might expect it to start snapping up higher uh again for bearish sort of outcomes we want it it's always going to be counterintuitive we want it to go high then low instead of low then high there's bitcoin coming in right now i mean it is selling off here so we're probably looking for points to buy back at so it looks like they're targeting low then high from these looks of things and considering how we had sort of a couple bad days out of spy uh and sort of reasons recent sort of days uh sort of expected we have some retracement uh coming back at coming for us here i mean this sort of perfectly sort of gap fills here ends on a dodgy we're just looking for it so even the es what we're doing is my life there we go there's the s this sort of already coming up here we're selling off here was selling off very aggressively here again that's what we want spies here so we're looking for our gap up already we'll see when we come in on the hour how much uh this deviates from it again the more we sort of deviate from this is in essence if we start pushing low then going up much higher we'll leave a massive void from the dodgy that it ended off on then that will sort of come in and it'll be a natural sort of downward sort of move that we can expect to try fill that out but generally so uh especially right now we might be more bullish than we are bearish just by looking at the first sort of candle we're getting it doesn't mean we might not get a few candles of pain where we just get red and red but from here you're sort of looking at okay they're making an attempt at pivot here it's already selling off the making people sell that sort of aggressive news and notice I haven't even looked at the news I don't even know what the numbers are because it doesn't matter what the numbers end up being because what we really care about is how the trades end up folding here again this looks exactly like we had a couple of days ago where we had a bunch of sort of longs uh or short term longs that got undercut by these shorts so we're looking for them to at least sort of tear out the shorts and they make sense uh in addition to have this first move be short because we're just trying to make everyone who's antsy and everyone who's sort of fearful go as short as much as possible before we bring the charts up essentially and that is all you're looking for out of the current sort of move right now so again you're just looking for it to go down and sort of v-shape back up take out the highs maybe even take out the these walls here you can see that same person that came in and left came back here look at spots see if we have similar reactions again looking for signs of panic selling as well as sort of thermal from buyers again you're just a bunch of panic selling let's get rid of that side and now just look at the builds up upwards bunch of people just coming back and buying up this area here just a lot of panic selling so a lot of panic selling again starting to sell a lot off here do have walls on the downside I don't think we'd look to target those first it looks a bit too far if we're looking for it to go up so it's something that we won't really expect keep them keep them at your back of your mind don't forget them but don't whole heartedly accept them as sort of evident because they're pretty far far removed from where we currently are right now we only really care about the sort of short range that we sort of have here from here here so that's the only range we sort of care about right now again so we can divide this up 50% ends up being around here again you don't need a calculator whatever to say that's 50% again you can eyeball this and say it was sort of relative impunity that is 50% of that sort of targeted range as you can see we're just selling off very nicely to that and sort of expect potential selling off into this area here back at this sort of top as a maximum total opus if we need that sort of more induced selling so now comes a sort of divide that we're potentially looking for because again es is varying to go bitcoins varying to go spy still not open so if we come in here 830 gives you a nice little pin and thoughts reaching for the skies 930 comes in here we have it open we're already sort of this high up market sort of meets us very high natural sort of service and natural sort of reaction from that market open will probably be to resell off as they try to fill in they sort of void their lifts from repricing it this fast but generally as of now is more a bullish out outcome that we're expecting again first move being down not too much movement but generally there's volume in there so that's always nice for us so we don't need the movement if we have the volume coming in very large sort of in on this again to just selling it off which is always nice it's what we want then the day if you're looking to be bullish off of this there's no better start to the day than this big red candle here let's have a look at the numbers while we have time see if they're good or bad again see how long it took me to look at the numbers uh oh well below forecasted damn that's crazy damn that's yeah uh so look at initial jobless came full by 16 that's good news uh that's always good news uh Microsoft stake 2 billion value okay cool Microsoft news oh yeah Microsoft's up 7% surge on power as uh okay it looks like they're not printing out any sort of news oh there we go uh US economy goes off uh fast dot the ERGP shows that session may loom we've been getting recession news for so long now and boy chart of the day Coca-Cola we should have a look at Coca-Cola oh and that nothing nothing nothing that was from London they call that a surge the surge they were talking about is this again and and this textbook that okay they see the quote unquote surge and this is a surge and they people like oh yes it's gonna be good it's gonna be great then they get punished and again prior to that news release you can easily just short that uh because you see the build up of longs you see the slow gradual build up then up it comes one swipe to get rid of people who put the stops uh way too close for their comfort down it goes then finally it goes in direction that it needs to go to there we go finally getting some more some some more jesus english much uh getting more sort of movement coming out of from it oh it's great a lot more volume as well perfect uh still within sort of reason again we're seeing a massive red bar so people start panicking and get they also start panicking selling it and this sort of creates not too much panic selling but uh relative to another volume it's decent uh but it's perfect for what we're sort of trying to uh create for this which is a down swipe everything out let people sell up we go but we'll cover yesterday uh yesterday was a decent uh day in terms of what we were looking for and what ended up happening so it's good to sort of log it for people who want you want to sort of repeat the same thing but on another day because i mean things that you end up doing i think patterns you end up seeing and the volume uh ends up sort of uh residing it just it's the same thing day in day out without too much variations so we came in here we're like okay here's a nice little trip top comes in swipes out we see all these shorts we're like okay that's not ideally what you want for a down downwards turn as these shorts get absorbed so we're expecting that we might come back up for a further swipe and we end up doing that and same thing that happens again double bottom swipes higher then we get this cluster of mess where we're expecting it to try and clear and each time it does go up it does clear a bit then we go into a four hour long consolidation for the whole new york session and going back to uh sort of this back this and this uh spy you can see during this uh actual sort of new york session create a nice little high for us here create a low this went from low swipes high comes in here gives them high and you can see where it finds the bottom bitcoin then finally decides to move and this is what i talk about in terms of how one chart gets disconnected from another chart this was going down this went high this was good and this continued to go down so eventually they snapped so this snaps snapped very aggressively and you can see it undid everything it did the previous day instantly recovers during asia catch all those people who shorted here as it wants to move into a new price range again this is what repricing where they move price they had to move price aggressively because they wanted it to be in a certain price range uh then they had to snap because they were getting too much volume up here too many buys uh that were accumulated here so they had to correct for that corrected for that corrected for that then came back up and decided okay now we're here this is where we want it and we collected a bunch of shorts here as people go heavy shorts and we can see in dream book map there were a lot of shorts for us to be collected here and this is what i talk about there's the clothes but uh here's where we're potentially opening up wherever we open up we're already leaving a massive sort of wage for us again in the pre-market so we can definitely look for potentially wherever it ends off to try and try and try and sort of recover some of the moves just as a retest if we get a double bottom good morning bro how you doing man but yeah those were sort of signs that you could have said okay there were your shorts and your entry was much later up here as you are not because you we had to be uh sort of cognizant of them potentially swiping and taking the high alongside of this but once it sort of did this and went down like okay you know what we're not scared anymore from here on out count your sort of time see how long it sort of stays there if it stays there for long enough you're sort of out and it's just three hours or three hours a bit dicey but you're expecting one thing because this is already being aggressive you're not expecting them to continue going higher just because you had that already on the previous day so they had to have a magnum opus at some point but again it's a much delayed sort of entry instead of entering into here or even on this candle here you save yourself from stress you actually enter into a correct sort of trade where you potentially looking for the highest swipe but got lower got the clothes clothes is nice and even here where they're just collecting volume and flip back to bookmap we can see that here there's just there's the collection of volume they're just okay keeping it below here keeping it below here everything that's long above this is trapped and from there on out the rest is history all the way down all the way down all the way down again it went back to the 50% of the previous range that's always a nice sort of target if you don't want to target the low here so let's say first target would always be at a low would be here so you'd have sold some here then the next sort of target would probably be the 50% then the range low all the way here if we end up getting that but we only end up getting the 50% of the weekly range here paradise on earth yeah yep still digging deeper for those shorts again once you sort of hold these guys out or once these guys sort of mellow out a bit it should just naturally reverse itself back up and that's again sometimes you have to sort of flip bullish again sometimes you get that bullish bias you get that itch to be able but it's just only when you've got the moves moves like jagger tomorrow is another point where we can pivot off of so there's still that so regardless of what we do today we keep that we keep tomorrow and back of our heads as okay there's a point in view that could potentially sort of reverse everything that we did today but we're generally looking forward to the week to end bullish so we might stagnate middle mid session here and just wait out for the Thursday sort of last last calls the week if you look at the weekly uh oh they fixed this they oh they did oh wait that's great is it weekly this get me out of here okay i think it was raindrops that weren't working for yes okay uh it's it's pretty red uh on the on the tip of the green one uh i mean green week rather so we might get it haven't felt the expansion i mean i think we can dig deeper i mean it's not too far from uh sort of this area here i mean we've already sort of tapped that area so it's a nice little aside but again we can keep that keep that in mind that there's potential to have this just looking at this in our weekly it's just makes sense to have an m if we see how far we go with the m see how far we sort of push it down but generally sort of the moves uh moves are not too bad coming out from here I mean if you look at what retail sees they see a breakout they go from here to here here to here rather they're doing bodies to bodies they're doing wicks to wicks they do from here to here but either or they're just buying the quote and quote breakout they're buying the reader so we might see that slightly dip under just to catch these guys out so anytime before it's below they're shorting and they're panicking in terms of i mean that's that's i think what they would draw i'm not no good at sort of retail stuff that's sort of where your margin is there you go there's there's your top there's your bottom there's where you're looking for traps and again you can see that every time this came in came in trapped a bunch of shorts and that break low um comes back up again probably seeing a lot of people buy this here uh i mean knowing us knowing what we see or what we can see rather uh there's not too many people buying this which is always funny because usually when they don't buy it it's when it when it works which is always good for us because that means it's an opportunity they are yeah your retail pattern does work and you when you don't use it slow rise again we never like slow rises we like this this is good always heavy shorts is always good for an upturn but low rise and slow accumulations of longs never sort of we can sign in terms of saying they're done with this area or they're done going lower uh because usually they will collect these longs just to sort of push it that extra inch down underwater because they need those extra bids to target stops and get extra liquidity then once they get the extra liquidity they can easy come back up and these guys who went short won't take profit because they would have said uh you know what the spread would have killed me and i would have lost money anyhow so there's no point taking profit i i'm looking essentially is is the argument and it's it's still sort of i mean even without looking at the uh even without using a look at book maps we can still take this as if it comes in the bar closes up here you can easily just reverse it and just sort of continue digging deeper and targeting a lot more just this area here last last level of liquidity you need to again that will sort of give us a nice little breather and give spy a nice little breather down so it doesn't have to open up on a very large gap and then it can proceed with uh with its day 30 minutes left till market opens so always looking for market opens to give us something nice as long as it can give us something nice we can then go and uh reverse sort of positions an ugly chart the end of the dodgy just switch into volume view getting very even then it's still ugly uh nice nice you can see where they had that had little volume that's where they end up opening and just having a lot of volume uh take days so having fun with it but we know they went long here they got punished uh on the day and they came back up and sort of opened back up here uh collecting volume split but there's you can say there's a lot decent amount of shorts here uh they can still dig deeper and that's what you've got to look out for and come in expecting that they might sort of play around a bit before ultimately trying to uh go up higher so again our sort of main thing we want to do today is just do the opposite of what everyone else does which is in this case sell everyone's selling so we want to do the opposite of selling which is buying so we want to find points where we can buy at and this is not one of them because again you always want to look out for potential traps where they just come in close the bar give you a nice little double bottom then they reverse it and you're up here you're like you got stopped out you're like oh my god what did i do what did i get stopped out it's going against me why am i so unlucky why why and you just start confusing yourself to normal there we go again still sort of collecting those longs and and that's what very sort of saying uh that they could come back up close off that previous bar and they're doing it in terms of adding longs and you can see how that causes them to go back down and dig lower because they in that bar that they did and well pushing up they just collected a bunch of longs because people are just so ready to long the chart they're so ready to go along uh off of nothing but hope here my guess this is the correct correct thing oh there we go finally uh let's see us grew out of soft 1.1 annual pace in the first three months of the year as consumer spending was offset by declining business investments it must have been silicon bank valley silicon valley bank rather uh wall street analysts had forecasted two percent increase in gross domestic product the official scoreboard for the economy consumer spending and main engine of the u.s growth to drove the economy forward in the last in the first quarter outlies jumps at 3.7 percent the biggest increase in two years households got help from businesses however probably can't expect much in the near future companies kind of investments reduce production shaving off 2.3 percent points off headline GDP sounds bearish you know what that means that means there's an opportunity to buy for a bit but only for a bit for a bit and they can say in the next day it's like oh look how resilient the chart is okay chart keeps going up people nothing's gonna stop me now when people think nothing can stop me now that's when it comes back and says oh oh oh and again here's again probably what we do see and you can see where they go along and sort of mentally sort of track this across book map as grab this bring bars and six there's where retail is there's where retail's going along you can see every time it breaks the line that's where people get long that's where people get trapped and you can see how easy it is to punish them on on these swings you can see that doji close here went high came back down punished same thing here just buying up to it expect a breakout but uh uh uh not this it is what it is this but regardless of how it's thrown i don't care i care too care too much but it's just a nice little visualization on why you don't want to buy breakouts do they work when people expect them to work no no no it happens too often to sort of ignore as a sort of uh oh it's just coincidence it's just like uh i'm just drawing lines out on my ass oh uh this is uh happens happens regularly and people always get punished people get trapped long as they buy it the quick and quick breakout it's a very easy and very telling thing to sort of monitor if you've got if you've got an audible you can see this you can sort of print screen this and just say okay why do you not buy breakouts show show people this well you bought the breakout here and you didn't work you bought the breakout here didn't didn't work and when you didn't buy the breakout it worked well uh you tell me which breakout you bought and why you bought that one and why you didn't buy the other one where's where's the science where's the nature of it of your trading i know i sound condescending but it's the only way to sort of approach people who are so stuck in their minds that they can't sort of break out of the sort of monotony of trying to make things work because they read it in a book or they or make things work because they saw someone online do it it's like oh yeah someone using this strategy made a lot of money so i will continue to buy the breakout but not knowing that the only time it does work is when they're not buying the breakout instead they're doing uh the shorting the breakout so you gotta pick your battles and buying the breakout is never a good option unless people are shorting it then it's just oh it's a short squeeze so it's gonna break out as i ramble this sort of through this uh the chart sort of slugging at a snail's pace still sort of accumulating longs again we might miss the trade but i don't think we will uh probably looking for this again you can always come back later and if it does go up higher much later there's always like i said there's always another trade around the horizon there's always money to be made don't feel bad about missing that's why i emphasize on on these things where you just say oh yeah don't show it early you see all the shorts here we're probably squeezing as we squeeze them out they tapered off yes it's all the way down here so bitcoin's naturally gonna snap to it because you already had a day where you defied it and repriced much higher and then the net moves ended up just being from here to here so we're dead certain repricing this in this range here whatever reason again i don't pretend to know for what or for what reason they do things i just i'm just happy they do things because that means i can then trade it like a teenager trying to buy deodorant just say i'm not buying okay let's continue to go up i'm in this final logical conclusion probably expect it to try and peel back soon if not again it'll just be in v shape where it just recovers and it becomes a mess of opportunity but we look we take it on the chin and just say okay we'll come back much later at a retest where they just come back in and then we grab it a higher because you don't want to and that's the main thing you don't want to be here and the charts randomly goes down here and you're stuck holding something that you shouldn't have held especially because we haven't even opened up the us market so that's when you get most of the traders coming in everything's still within reason here so it's nothing too outlandish that you're missing out on ethereum another interesting sort of prospect you can see again similar sort of scenario where it went a high delayed a bit gave you one final swipe one final chance to get in and they'll always give people one final chance to get in because in that one final chance to get in people see that as a one final chance to sort of buy before it breaks out or because again you've got to see what retail sees which is flag or pendant whatever you want to call it they say oh yeah we've got to buy here this got to buy you have to buy here because it goes up this is your last chance to miss it for the breakout got to pay it and in in our sense you got to show it because it's your last chance before it moves in the direction it's meant to be moving uh okay and very low very on this offset here uh could easily come down again we know people are sort of on a mixed sort of bag here uh we're just looking for it to trade in that wake not sort of break too low for ethereum because it's already very low uh off of this on this margin here so pinning on the right side of things so definitely see that try coming back down as we finally get these buys coming in so we got a sort of push for the lower uh push for the potential of that double bottom before coming into uh a trade yes it's doing similar things but came in pinned out just trade back to you have large breaks doesn't take the high out uh so we'll see how far it comes down back uh probably we'll probably just take the low here if you can take the low and hold up above here it'll close off the gap that spy ends up having from yesterday and the sort of disconnect here so it'll be a perfect sort of retest uh on the day then we can sort of continue on and that'll be sort of where we're bullish other than that we're not really bullish uh until we see it sort of go much higher then present us a quote unquote missed opportunity then we look for a pullback let's see if it does this we come back around here that's where we're entering in that or we're just waiting for the another sort another sort of day to come in because remember we still have friday at 8 30 to trade something out of this there we go pin to that close that off perfectly already coming down that's what we want to see now we want to see a fast sort of case to try and take this down it'll go about 55 minutes so again it can take out time but not too long as we want to get rid of these go lower try hit for this probably jump into this wall here once we jump into this wall here we can then try push up higher and that would be where we go long when we see this sort of being taken out and it'll sort of fit into that whole narrative of just waiting for 10 o'clock and waiting for sort of 30 minutes after the markets open and to let people sort of get into the wrong side of things or get into what they see as a retail coming in they say oh yeah it's doing this i gotta gotta buy the breakout or whatnot i'm sorry i always sound bitter when i talk about breakout traders maybe because i am because i find the whole notion dothed not much coming out of it it's just looking very mellow very sort of taped exploitation very sort of sharp little double top anything you guys want charted while we while we're waiting i don't even have any other news from any other countries uh oh entry this decision coming from jp that's always nice jp's always great big uh France and they're they're a second they're a second world country at best or even third world country at best it won't really affect the markets too much again more france news again don't really care what third world countries are doing sorry can't wait for them uh 4 a.m that could be interesting uh gdp for uh the whole u in general 5 a.m coming in an hour hour later a lot of interest just just coming out on the next day you can see how us starts it off starts everything off with the ball rolling then everything else just follows it's why we that's why we care for us not because it's a good country it's probably second class country as well but it's just because it's a nice little leader any other things coming in next week trade balance and next week's also next week of the week after we've got the king coronation in the uk so that's another bank holiday so the uk market will be closed there so it's nice sort of turn out the head it's going to be quiet for a bit you can see still sort of buying the time and just buying sort of adding longs to this position here still within sort of reason again just holding this far for a reason to just try and sort of get as many people long as possible in this one move here very easy to get people trapped especially uh in free markets because they're just like okay i gotta get the move i gotta get it they just can't miss it for whatever whatever reason and as they sort of say they can't miss it they just end up missing it entirely because they end up getting the wrong trade um they end up just causing more harm than good so just watching them collect buyers till we ultimately see that drop again you can always short these moves down uh but i mean you'd rather wait for them to sort of get that definitive move get that swipe then get into the counter trade after the fact because ideally you'd probably have some residuals from uh yesterday so you'd average this down much up higher here if you entered it here so whatever residuals left over you'd probably if you entered in you'd probably drop it somewhere here depending on how much you ended up adding so it wouldn't sort of be too bad it's sort of easy into your yesterday's profit but at the same time it just becomes a lot safer then you can finally close it off once you get that reversal coming in after the fact which is taking a sweet sweet sweet past time three more minutes we wait for the spot to close see if it sort of goes down should start going our way not much to move from not much they can do with this other than get something crazy happening again doubt they get anything crazy going this late into the game with everything sort of as it is got all these longs that are trapped much up higher the point got a new level of longs coming through very very quickly one after another it's just looking to be below this get rid of them once you get rid of them then you can say push back i like i like where we are now up or down is fine with me jumping in at 10 sure sure yeah and that's what makes good trade i'm just having the ability to wait see how patient i am and nonchalant i am at this time in the morning because this is the time in the morning you're just looking at it it's just okay what am i going to do when when the actual everything when the dust settles when everything ends up happening am i going to get the move i want because next in the experience trader would just would be these people here just buying oh that's just going up i don't want to miss it oh no it's going down oh bad news i got to short it and bad news shorts it we know it's just reversed it i mean it's a tight range i mean where we're sort of trading off of i mean just to be expected because range from uh asia was exceedingly high this ends up coming 50% there you go there's where we pinned that asia 50% you see that move from here to here so instead of grabbing from here to here as a swing there's your swing low as you swing high and there we just sort of pin to it each time which makes life a lot easier finally that 50 minute closes see where we go with this first trade already coming in they're just letting people see green yes still within reason okay nothing sort of too interesting yeah we'll look at some other things while we wait for this see where spines up closing uh yes rather ends up closing pins to it just protects low you see all that movement that happened during the candle just no effect on the end of it you see all of this movement just nothing really affect just playing with you there we go finally finally are we gonna get that final push now come on push down come on you can do it originally paying for waiting for this pre-market and hardly anyone's awake right now so if they are awake they're just grabbing breakfast okay i mean this is going to drop it's just a matter of time now and i just don't want to bore you because nothing's going to change my opinion either way unless this just randomly just goes from here to the to the top of the sky but just looking at where spy is it just makes sense for it to try and push itself down for at least one more final swipe we close it we close obviously up here so double bottom with this probably sort of meet itself either here or here don't need to close it off entirely but if it does it's perfect and that sort of lead us into wanting bitcoin to give us the same thing where this leads into that fall outside of the range double bottom comes in here wherever it ends up coming in you're just looking for it do give you that and that's where you see that buy signal and just say okay you know that's where you're buying because right now it just looks like a bunch of dominoes waiting to fall as you see that cascade all the way up into this you're waiting for it to drop and with that i think i'll leave you guys to it hopefully you guys know what you guys are doing what you guys expecting if it starts going up and starts breaking these highs here you're just waiting for it to come back into range before buying again it would be just a retest why that you're looking for and that's the slim chance it does do that just to cover all bases because like i always say it's just better to be safe than it is sorry like i mean this was an easy trade but you could i easily missed grab the retest here and you don't miss out on much and the same thing story here easy short here but you're waiting for that potential of potentially price going here but ends up just mellowing out here so you basically got same entry and you didn't miss out on the down move and the stock would have been a lot clearer than it would have been if you entered into here because who knows where you'd put the stop here you'd have put a blind stop somewhere probably where they would have reached and with that hopefully you guys have a fantastic day i will catch you guys tomorrow like subscribe all that jazz stay safe and peace