New York Midnight Opening Price
"here's the brass tax of today's delivery New York opening midnight price that is this candle's opening price that's extended throughout the day the market rallies at 9:30 trades up to the buy side liquidity pool that I showed you on the 15-minute time frame inside that 15-minute fair value Gap"
"the best shorts are above the opening price at midnight New York local time"
Judas Swing
Definition
"all of this run here is a Judah swing a Judah swing is what I dub a false run that gets people that chase it they get offside"
Context
"so the algorithm is going to repic to a premium to some random level no to repic up to an old inefficiency and the best shorts are above the opening price at midnight New York local time the market rallies up multiple times"
"a false run that gets people that chase it they get offside"
Session Liquidity
London Session Liquidity
"running out buy side here what kind of buy side is that London session liquidity then we have the low of the London session what is that that's the London session sell side liquidity"
The Framework
"so notice how the market at open at 9:30 rallies up sucks everybody in thinking it's going to go higher if you're bearish the best short entries are going to occur at the price not the time the price of New York opening price what time when is the Judas swing going to form at 9:30 to 10:00 that is your open opening range counterparty London session liquidity aiming for London session liquidity"
"when is the Judas swing going to form at 9:30 to 10:00 that is your open opening range"
"the best short entries are going to occur at the price not the time the price of New York opening price"
"counterparty London session liquidity aiming for London session liquidity"
Opening Range Gap
Definition
"this is the opening range Gap okay and what you're looking at is this candle here is Friday's data and you're going to be showing this on your trading VI chart with regular trading hours needs to be toggled this price here the close is what's being shown for that candle right there so at 4:14 p.m. Friday June 23rd 2023 the closing price is 4,388 even then you you're going to wait until 9:30 in the morning New York local time when the market starts trading regular trading hours so the difference between the closing price on Friday and the opening price on the next trading day or Monday that is the opening range Gap"
Discount vs Premium Opening Range Gap
"whenever there's an opening range Gap lower than Friday's close we are opening with a discount opening range Gap"
"if we are opening with a gap that's above Friday's close we are opening with an opening range Gap premium"
Two Gap Rule
"we broke down and we had two gaps here this one that's shaded in yellow and this one here so consequent encroachment I placed my stop loss just above that why did I do that because we've already proven algorithmically that we're not going higher so just Dro down even though it didn't take up that low I have to use the two rule when there's two gaps you have to factor in the higher Gap"
"when there's two gaps you have to factor in the higher Gap" - Place stop loss just above consequent encroachment of the higher gap
"because we've already proven algorithmically that we're not going higher"
Repricing Macro
"so this is a repricing macro all of this is a Judah swing take the low to the high find equilibrium what PD array would be a discount array below 50% there is a gap here so I was looking for it to trade towards the opening range Gap and trade into a discount and I just used a imbalance there and worked below the new week opening Gap low"
"take the low to the high find equilibrium what PD array would be a discount array below 50%"
"I was looking for it to trade towards the opening range Gap and trade into a discount and I just used a imbalance there and worked below the new week opening Gap low"
Lunch Hour Liquidity
"so if this is New York lunch buy side liquidity okay what's the highs where's the liquidity at during the lunch hour well here's noon here so we have a high here we have a high here and we have that open range gap which is that shaded area so it makes perfect sense for it to do what reach up into half of that yellow shaded area right so that's reasonable why would it be possibly advantageous to see price do that who would be better equipped to make a trade with that idea shorts"
"so smart money can wait for the algorithm to reprice back up into half of the Shaded area or just above these relative equal highs so the algorithm runs quickly to the get to that level and then it spends time here until we get to what the 315"
Market on Close Algorithm
"until we get to what the 315 the 345 Market on close algorithm 315 to 345 boom attacking the opposing side sell side liquidity of the lunch hour"
"the 315 the 345 Market on close algorithm 315 to 345"
"boom attacking the opposing side sell side liquidity of the lunch hour"
One Setup for Life
"go back and watch the one trade setup for life I promise you if you listen to what I'm teaching you there this is exactly what I have been doing for years every single time I take a trade I've used the logic in that teaching that's the lesson that looking for that's the one because if you understand what I'm teaching you there you will never run out of setups"
"this is exactly what I have been doing for years every single time I take a trade I've used the logic in that teaching"
"if you understand what I'm teaching you there you will never run out of setups"
Study & Review
Click each card to reveal the answer (direct quotes from transcript)