Summary of Boot Camp Day 18: FVG Pt. 3

Main Ideas and Concepts

• Recap of Fair Value Gaps: The video serves as a recap of the previous discussions on Fair Value Gaps (FVG), emphasizing their importance and how they can be utilized in trading.
• Understanding Market Dynamics:
  • Trend Analysis: The speaker discusses recognizing market trends, liquidity sweeps, and breaks of structure.
  • FVG Identification: The process of identifying Fair Value Gaps is highlighted, including how to spot them on various time frames.
• Trade Execution:

  The speaker shares a detailed example of a trade taken using Fair Value Gaps, explaining the steps taken before and after market open. Emphasis is placed on waiting for the right conditions, such as market structure breaks and retracements into Fair Value Gaps, before entering trades.

• Methodology for Trading:
  • Steps for Trade Execution:
    • Identify the trend and liquidity sweeps.
    • Look for breaks of structure on higher time frames.
    • Scale down to lower time frames for precise entries.
    • Use Fair Value Gaps as retracement tools to confirm entries.
    • Set targets based on previous liquidity areas or imbalances.
• Examples of Trades: The speaker provides several examples using different currency pairs (e.g., GJ, GBP/USD) to illustrate how to apply the concepts of Fair Value Gaps and structure breaks effectively.
• Upcoming Topics: The speaker mentions the next topics to be covered, including Order Blocks and Equilibrium, and stresses the importance of mental discipline and following through with homework to improve trading skills.

Instructions and Methodology

• Identify Market Conditions:
  • Look for trends, liquidity sweeps, and breaks of structure.
  • Confirm trends using higher time frames before scaling down.
• Entry Strategy:
  • Wait for market open and observe price action.
  • Look for retracements into Fair Value Gaps.
  • Scale down to lower time frames for precise entry points.
  • Confirm entries with breaks of structure on lower time frames.
• Setting Targets:
  • Identify areas of previous liquidity or imbalances as potential target points.
  • Use Fair Value Gaps to determine where the market might retrace.

Speakers or Sources Featured

The speaker in the video is not explicitly named but appears to be the instructor of the boot camp series. The content is based on their trading methodology and experiences shared during the session.

Notable Quotes

— 15:02 — « See how fluid this moves. It is Clockwork once you start understanding these Concepts. »

— 15:46 — « I was literally able to flow through [ __ ] swimming through that shark. »

— 16:18 — « Hopefully that gives you guys a solid understanding of fair value gaps. »

— 17:25 — « Maybe that's something you need to get on, maybe that's something you need to start doing. »

Category

Educational

Video