2022 Mentorship Flashcards

1
Q

What is an Order Block?

A
  1. Order-block is a change in price delivery.
  2. Every time a OB is broken and structure shifts, the delivery changes from selling to looking for buy side liquidity and vice versa.
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2
Q

What do we wait for at the NY Equity Open?

A
  1. 30m waiting time window.
  2. A short-term high or low to get taken out. Run on liquidity previous to 08:30.
  3. A shift or break in market structure.
  4. Wait for price to trade back into FVG (PD Array).
  5. In Premium-Discount.
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3
Q

What is a 3 Indian Pattern (3 swing pattern)?

A
  1. Institutions are positioning themselves.
  2. There won’t be a liquidity run.
  3. Wait for the protraction, FVG and then enter.
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4
Q

What do you wait for in the PM Session?

A
  1. You have to look for the first short term swing point right after Lunchtime, before 13:30.
    - Look for a liquidity run on that short term swing point.
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5
Q

What do you have to focus on the charts? Left or Right side?

A
  1. You have to trade on the right side of the market and not on the left.
  2. Basing your trading on the left site of the chart gives you a false sense of security and analysis paralysis.
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6
Q

What is Power of 3?

A
  1. Accumulation,
  2. Manipulation,
  3. ## Distribution.
  4. When it’s bearish, we expect a run higher on the open.
  5. When it’s bullish, we expect a run lower on the open.
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7
Q

When to avoid the AM session?

A
  1. When London delivered a nice move.
  2. When a target, SSL or BSL has been taken before the Equity Open.
  3. When 08:30 has a High Impact News Release and delivers a run into our target.
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8
Q

What is the Opening Range?

A
  1. First 30m of the Session Open.
  2. It’s the OPEN minus the Manipulation move.
  3. Duplicate the manipulation move = Execution Zone.
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9
Q

What is a ITH-ITL (Inter-Mediate-Low/High)?

A
  1. Every single time price balances an imbalance, we label it as a ITH or ITL.
  2. A ITH/L is when it’s between 2 STH/L.
  3. When the ITL breaks, we have a BOS.
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10
Q

What are the criteria for an OB?

A
  1. FVG,
  2. Narrative that it is going to run liquidity.
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11
Q

What does the Algo Enigma do?

A

The markets are moving from discount to premium. The algo seeks discount to premium, premium to discount within that logic the market is reaching for liquidity in the form of buy stops and sell stops and or imbalances or the creation of an imbalance, fair value gaps or returning back to a FVG. That’s all the algo’s do and they do it on the basis of time… then price.

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12
Q

What does Smart Money do when they purge liquidity?

A
  1. Smart Money purged liquidity and offset those orders to pair up with their orders.
  2. They have to sell/buy to willing buyers/sellers at liquidity pool.
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13
Q

What if we don’t print a Liquidity Run during the Opening Range?

A

The Market is heavy, strong, and may rally or drop.

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14
Q

Where do Setups form?

A
  1. At Old high-low.
  2. At Relative Equal Highs.
  3. PD Arrays.
    A. Then price needs to take out a short term high-low (Breaker) with displacement.
    - Once we’ve got that, we are going to look for the FVG.
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15
Q

What do we expect in a bearish biased market? And how interacts Smart Money in Bearish Conditions?

A

To move into a premium for:
1. Run an old high or highs, to take out Liquidity so that Smart Money can counterparty those orders with their positions. They are going to sell to those buy stops.
2. Then seeking to buy cheaper sell side liquidity, that would be their pool of liquidity to offset, distribute their short below the low- SSL.
3. Seek a discount to buy back to willing sellers.

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16
Q

How do you journal effectively?

A
  1. Create Positive Pseudo Memories.
  2. Mark your charts up in hindsight or replay.
  3. Write commentaries and encouragement to yourself.
  4. Tell yourself “I saw this coming. That’s like me!”
17
Q

London and Pre-Market is Ranging: What do you wait for on ranging days?

A
  1. Wait for 09:30 Session Open.
  2. Let the first 30m, Opening Range unfold.
  3. Wait for Liquidity to be run and smart money enter the market.
  4. Wait for 3 PD Arrays to be broken.
  5. Look for the Breaker, PD Arrays and Targets.
18
Q

What can we expect when price breaks a level, swing high or low, and creates a FVG on that break?

A
  1. We can expect a continuation of that move.
19
Q

OB’s, where are the sensitive levels?

A
  1. Open
  2. Close
  3. M.T. (50%)
20
Q

What is narrative?

A
  1. Narrative is the understanding of what price should do.
  2. Why and what things will it encounter to prove that the assumed narrative is in fact underway.
21
Q

When to engage in the markets?

A

Look for days when there is a medium or high impact news event.

22
Q

How many trading opportunities are their any given day?

A

There are 3 opportunities to take a trade.
1. 07:00 - 08:30 Window, when there is a High Impact Release at 08:30.
2. 09:30 Equity Open.
3. PM Session.

Tip
- Once you reached your daily goal, stop trading. backtest and practice.
- If you had a loss in the opening session, 08:30, you can try again at 09:30.

23
Q

Daily Bias
What are Keys To Daily Bias…?

A
  1. Every Day Bias Is Unrealistic.
    1. We never know 100% what the daily bias is. It’s a guess.
    2. 3 Bar Pattern
  2. Determine The Likely Weekly Expansion.
    1. Analyse the weekly chart and see if it:
      1. Wants to run to an old low-high?
      2. Is it running into an imbalance?
      3. Or is it likely not to move due to the lack of HI News?
      4. Look for the direction of an expansion move.
  3. Look For Obvious Liquidity In That Direction.
  4. Identify Imbalances In Price Delivery Top Down.
    1. Weekly - Daily - 4h - 1h - 15m - 5m - 4m - 3m - 2m - 1m
  5. Focus On The High or Medium Calendar Event Dates.
  6. Look For Directional Price Runs In My Killzones Intraday.
24
Q

Stop Loss Management
What are the Rules?

A
  1. When price moves 50% to your target, adjust SL by -25%
  2. When price moves 75% to your target, adjust SL by -100%, to BE.
25
Q

What is a Dealing Range?

A
  1. Buy- and Sell-side has been taken.
  2. Shift/Break of Structure.