Professional Documents
Culture Documents
• Price rejections
o Double top sweeps= sweep relative equal highs, get rejected and trade lower
o Double bottom sweeps = sweep relative equal lows, get rejected and trade higher
o Run on old lows (turtle soup) = means running out a previous low and then rejecting that
going higher
o runs on old highs = means running out a previous high and then rejecting that going lower
o first and foremost you want to see that where the price is trading right now, is it in a
trending model or in a trading range market
o look at what was the most recent run on liquidity
o Certain times of the year we will trend, certain times we will consolidate
o price is fractal that means the things that we would see and expect to see unfold in the
lower timeframes just not tied to any real time element we would still expect the same
phenomenon to occur on higher timeframe
o from the below example of DXY [Dollar index] We can expect the market to be bullish for a
retracement back up and/or reversal since we’ve been bearish all year
o from the example of EURO We can expect the market to be bearish to neutral as the price
was uptrending all over the year
o for other pair example check the video
Yearly highs
Double bottom
Eql lows
old low
Eql lows
o Double bottoms/tops, old highs and old lows, yearly high & quarterly high / lows (vertical
lines) are shown in the example
o If we expect bullish on the dollar, we can expect USDJPY also to get higher
o Price trades below that low left to the red circle and comes back up above the blue line at
the yellow circle. Once that happens you would look for an old high or equal highs to reach
for
o basically all you're gonna be looking for our obvious double tops and double bottoms and
single highs and single lows and where the market most recently came from just find the
opposite direction where the liquidity would be below the lows