Lecture Gems Flashcards
Does bullish SSMT occur above or below a true open?
Bullish SSMT must occur below true open
Does bearish SSMT occur above or below a true open?
Bearish SMT must occur above true open
What is the Magneto effect?
If there is bullish SSMT, price will run to the previous bearish SSMT. Trade SSMT to SSMT
What defines an actual liquidity pool?
Extreme highs/lows of a previous quarter are real liquidity pools
What happens when DXY is range bound?
Most, if not, all markets will begin to act irrationally
What is used to confirm a higher timeframe SSMT?
Lower timeframe SSMT, without MTF SSMT, confirms higher timeframe SSMT
What is the importance of 15 minute news candles?
A 15 minute news candle contains immense liquidity above and below them. The opening of this candle can also be used as a reentry point if it aligns with a true open and if price trades through it twice. Third revisit is entry.
What is the 5 stage price action model?
HTF SSMT ➡️ T.O. ➡️ LTF SSMT ➡️ Expansion ➡️ Imalance entry
How do we find true Premium and Discount?
Premium and discount is relative to the previous HTF cycles quarter. For example, if trading the Daily cycle (sessions) use the data from the Weekly cycles quarter (day)