Summary of Boot Camp Day 16: FVG Pt. 2

The video is about fair value gaps in trading. The speaker, who is in Miami and hasn't slept for 48 hours, discusses how to identify fair value gaps and explains that they are areas in the market with a lack of liquidity. fair value gaps are not used for reversals but for retracements and continuations. The speaker explains a three-candle pattern to identify fair value gaps and provides examples on how to trade them. They emphasize the importance of waiting for confirmation before entering a trade based on fair value gaps. The homework assignment for viewers is to identify 10 fair value gaps on a chosen trading pair and create a hypothetical trading plan. The speaker also highlights the importance of distinguishing real fair value gaps from false ones. The video ends with a reminder to get some sleep before the next video.

Speaker

homework assignment

Ending Note

Notable Quotes

— 05:56 — « We have a breaker structure, were confirmed bullish now, what is this? We have a massive candle with no wicks, no wicks filling this, so what does that make this? A fair value gap right there. »
— 08:31 — « Not all of them are going to work and thats why we have to wait for confirmation, thats why we have to wait to see if theres a reaction, thats why we wait to see on a smaller time frame if theres a break of structure. »
— 11:16 — « Understand and know the difference between ones that are not real, you should easily be able to identify these. »

Category

Gaming

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