Video Transcript:
Here is the corrected version. I kept your structure, wording, and flow as close as possible while fixing grammar, punctuation, tense consistency, and readability. No headings, one continuous paragraph as requested:
So let’s take a look at what happened today. Coming into today, these areas right here had not been taken out in the NQ, but they were on the ES. Okay. So if we were to continue higher, which was the drawn liquidity, we had this 4-hour fair value gap here on both the ES and the NQ that we could deliver from. So all we basically needed was some type of SMT. So we go down to the lower time frame charts. Okay, we’re going to go on the 15-minute chart, which we usually do from the 4-hour. And we’re looking for some type of SMT that will enable us to tell that we are going to defend that area. The first clue was that NASDAQ did not take out Asia low after the London session and ES did. So we had an SMT, and we created fair value gaps on the way. Then we inversed that fair value gap right here on the 15-minute, which targeted the London high. Now, these blue lines up here were the eventual targets, but this was pre-market. And we see this a lot in pre-market where you can take these 15-minute trades. I would have taken the second one because I don’t like the first one that closed just above. The second one was a little better. And you could target those London highs for about a 1.25 risk-to-reward trade based off the 15-minute 4-hour internal-to-external 15-minute inverse fair value gap internal 4-hour to external 15-minute. So that was the pre-market London trade. Now, coming into this morning, we obviously took out London highs right on the opening, and we didn’t really form any SMT. The bias was still bullish because we had 4-hour deliverance from a 4-hour fair value gap, and we had SMT confirmation. In the morning, we created these equal lows right here. And once we inversed this fair value gap (I had it on a 30-second; the 30-second was a little lower and a little cleaner), on this inverse of the 30-second right here, we had a draw-on-liquidity play directly to those equal lows and a little bit more. It was about a one-and-a-half risk-to-reward trade. Not huge, but a very good trade to those equal lows. But the bias was still bullish, so we weren’t really going to sit here and look for a big move on the bearish side because this was just a draw-on-liquidity trade. Now we’re going to look for a reason that we can possibly go higher. From about 10:05, the market stayed in a range. But if we go to the higher time frames, because this is where we really want to check things out, after that initial move to the London highs and the pullback, what do we want to see? We had a fair value gap right here on the 15-minute, and we had a 15-minute gap right here on the ES. As we came into this fair value gap, we had an SMT. NQ broke below this area into the gap and ES didn’t even come into the gap. It was a small gap. And it had an SMT with the candle that caused the fair value gap. So now we had an SMT and a 15-minute fair value gap. Now we had every reason to go higher we just needed a trigger. If you notice, there’s no fair value gap at all on the 15-minute, so we go down to the 10-minute. No fair value gap on the 10-minute either on this leg. So we go down to the 7-minute. Finally, the 7-minute has a fair value gap. So we mark this. What we’re looking for is a break above here to confirm this SMT and start attacking these highs and the highs above them. Eventually we got that 7-minute break. Now you can buy right here and then target those levels higher. Your stop is going to be down below this candle right here. Or you could do what I did and look for a better price, and I was able to get it because of this one-minute move down. Once we closed above that area, we had a pullback into that 7-minute gap, and this is the pullback into the 7-minute. This candle right here is the one that pulled back after we closed above the 7-minute. That’s where I was looking for a pullback and an entry. And if you go to the one-minute, you could have taken this on the one-minute or the two-minute. We had this fair value gap right here, and once we inversed this fair value gap, we could enter the trade attacking this high and then these blue-line highs, which are the 4-hour targets pivot highs that we have here. So that was the trade right there, the entry. We go break-even right after we close above this level. Our first target is the external high, which would have been about a 1.71 risk-to-reward. That first target would have been 3.25, and that final target would have been a 5.5 risk-to-reward trade. This was definitely the best trade of the day probably one of the best trades of the week. Hey everyone, it’s Dale here. I hope you enjoyed the video. If you’d like to trade alongside me and our team of prop-firm funded traders every day, then click the link below the video and hop aboard. We’re looking forward to trading with you.
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