Summary of Boot Camp Day 30: Execution
Key Lifestyle Tips and Trading Advice:
- Building Blocks of Trading:
- Liquidity Sweeps: Indicate potential for orders to be filled, showing when a high or low is taken out.
- Break of Structure: Confirms that orders were filled, indicating a shift in market structure.
- Order Blocks: Represents the price range where orders were filled, often leading to price movements.
- Fair Value Gaps: Areas with a lack of liquidity, usually marked by significant price movements without counteracting orders.
- Equilibrium: Helps find a discounted price between highs and lows.
Steps for Finding Trading Entries:
- Liquidity Sweep + Break of Structure: Look for confirmation of order fulfillment and market direction change.
- Liquidity Sweep + Break of Structure + Order Block: Wait for an optimal entry at the order block after confirming the Break of Structure.
- Liquidity Sweep + Break of Structure + Fair Value Gap: Enter after a fair value gap is filled, confirming a lack of liquidity against your bias.
- Liquidity Sweep + Break of Structure + Fair Value Gap/Order Block + Equilibrium: This combination is the most comprehensive and safest method for entering trades, ensuring all conditions are met.
Homework and Implementation:
- Write down all building blocks and their meanings for better understanding and execution.
- Develop a Trading Plan that incorporates these strategies and understand the market movements behind them.
Notable Locations and Products:
The video does not mention specific locations or products but emphasizes the importance of understanding Market Dynamics.
The speaker encourages viewers to take notes, rewatch previous videos for clarity, and prepare for the next session where they will delve deeper into practical examples of these concepts.
Notable Quotes
— 07:01 — « This is part of your execution plan, this is part of your execution. »
— 07:28 — « Come on bro, look, we're smarter than that, we're better than that. »
— 08:24 — « The bigger issue is when you know how to execute but you can't control your emotions and you can't be robotic with it. »
Category
Lifestyle