• You want to note the midnight opening price at 00:00 NY time.
• If you are bearish ideally you want to see the market trade above that opening price, this is going to be manipulation. The manipulation is the running above a key level when we are bearish. The name of the swing that goes above the opening price called a “judas swing”. This is also vice versa when you are bullish.
• The majority of you analysis should be framed on your daily chart. Where is the price likely to go? where is the expansion likely to take price higher or lower. Thats the main thing you are trying to look for, because thats going to determine your BIAS. It becomes so easy what you are looking for.
• The higher timeframe is providing you the frameworks. As in the chart example of the video, the 15M FVG gets filled, but the 5M FVG didnt got filled. The 15 minute timeframe is providing you the framework, it is giving you the context. We dont need it to trade up into the 5M FVG. It could be we dont need it to.
• The algorithm seeks discount to premium and premium to discount. Within that logic the market is reaching for liquidity in the form of BSL and SSL or imbalance or the creation of an imbalance, FVGs or returning back to a FVG. Thats what all of these algorithms do and they do it on the basis of time then price.
• When we trade above a old high, that old high becomes a discount array. This is where old highs being broken become support, thats why sometimes the books have it right and your analysis will be right about specific key highs and lows. Notice they are not always consistent and thats the problem, so you want to know what makes a old high or an old low real support/resistance.
• Old high broken will act as support if there is a FVG open to be filled.
• If you have 2 FVGs, aim for the closest one and put your SL above/ below that first FVG.
• CHART EXAMPLE