Weekly report for the week of the 3rd – 7th of April 2023

From the previous weekly commentary, we were left with an inside weekly candle so we fell
back to the daily chart for close proximity targets as we were in a consolidation. We
expected a run on Wednesday and Thursdays highs as they were relatively equal and then
wanted to see any run to the weekly FVG, the downside we had marked out after the run
higher into the equal highs was the volume imbalance marked in purple.
Economic calendar:
From the economic calendar for the week, we had a significant news driver every day of the
week with having the NFP on the Friday. Now some of you still have a fear of the news and
for some reason think that a red folder means avoid the day and this is not true. We have
repeated this many times throughout these weekly reports and weekly commentaries, we
cannot blame the news for a losing trade. Why see the news as a bad thing? The economic
calendar is telling you when to expect consolidation and expansions, the red folders are
usually likely to offset sweeps on liquidity. Whenever you see a red folder, your mind should
shit to ‘there is going to be a liquidity sweep around/at/after this specific time of day’. The
only times we should let news pass are FOMC, NFP, and CPI events for that currency pair.
The other time I say avoid the day is when there are many news events at DIFFERENT times
of the day. Some days have USD news and EUR/GBP news on the same day and those days
can be tough. For days like this I recommend avoiding the London session and focus the
NYOKZ as letting the earlier news event which is usually EUR/GBP shows the hand of where
the USD news for the NYOKZ. When there are days with one event for the day its much
easier to frame the power of three. When there are multiple times for the events it
becomes more difficult to predict the power of three for the day as there is way more to
consider.

Monday the 3rd of April:

From the weekly commentary, we highlighted buyside liquidity on the DXY daily chart that
rested close to where price was already and we identified a bullish FVG on EURUSD daily for
protraction into early in the start of the week. When you are bullish like how we were on
EURUSD and you see a down candle being printed your mind has to be extremely conscious
of this. When you are bullish and a down candle is being printed your mind needs to shift to
retracement, the next thing you need to evaluate is where is the market trying to reprice to
before continuing? Chances are it is a level of imbalance. Whenever there is a FVG created
have it outlined, you will see I do this mechanically in all the trade videos I upload, whenever
a FVG is created I outline it for any IOFED opportunities. When we are bullish, we also do
not want to see down closed/bearish candles being disrespected just like the picture of
EURUSD above. A Monday like this sets the tone nicely for the rest of the week. When you
have an IOFED where have I taught you to expect the market to trade towards? A level of
liquidity. EURUSD had a bullish IOFED so where do we expect the next candle to trade to for
the daily? Higher. and we are pairing that move higher on EURUSD with the move to the
daily volume imbalance on the DXY. That is it, this is how you dictate a direction to trade.
You use a higher time frame candle being the weekly, daily, 4H, and the lowest being a 1H
for scalping. The next thing you need is a stage/model. This can be a market maker
model/power of three paired with a run on stops. The last thing you need is an entry model,
this is as simple as a return to FVG, breaker, orderblock, OTE etc. these are the three things
your trade plan needs to consist of. Direction-stage-entry. And stick to it religiously.
Tuesday the 4th of April 2023

From Monday we could anticipate a bearish day for the DXY and bullish for EURUSD, the
daily candles of Monday tipped their hand for where the week was trying to expand. The
daily IOFED for a higher EURUSD, and the run on buystops and rejection for the DXY (purge
and revert of buystops). In saying that we can say we expect an OHLC for the DXY which
means open-high-low-close. We can expect that from the opening of the candle we can
expect the candle to manipulate higher then expand and make the low and close near the
low of the candle. Now once we anticipate a DIRECTION candle to trade one way, we then
hunt the stage and entry on a lower timeframe. We wait for a run on opposing stops,
market structure shift. Essentially, we wait for a MMXM/PO3 model/stage to unfold in line
with our direction. The entry is then a retracement into any specific array that you have
comfort in entering. That is all you need; this is all a trading plan consists off you just need
an appropriate risk management and trade management plan alongside this and ruthlessly
execute it. The second picture above is the 15m timeframe of the DXY, you can see the
power of three/MSS clearly leaving behind a FVG and breaker. Retracement into it (LDN TO
NY OTE) and that’s it. Some of you may have entered on the FVG, some on the breaker,
some may have taken the orderblock, and some even just the OTE and no specific array and
that is totally fine. The entry is whatever you like, the importance is in identifying the
direction and stage to set up your entry.

Wednesday the 5th of April 2023:

The sell side target of the volume imbalance was traded to on Tuesday, when you are met
with an opposing PDA on the HTF you have to factor in reversal framework (taught in
chapter 3 of this mentorship). In saying we expect reversal framework, you have to be
aware of runs on the previous days low (for bullish reversal) as for a reversal profile there
needs to be. Level of offset accumulation/distribution. It is always handy to outline the
PDH/PDL when price is at a higher timeframe PDA, chapter 4 lesson 2 explains this in more
details. You can frame the power of three with the manipulation of the day being the run on
the PDL/PDH. Now remember from the beginning of this weekly report when we said when
you get an opposite candle printing to your overall bias what do you anticipate? A
retracement. And then you have to formulate where it is likely to be towards. What is the
closest PDA to retrace towards? The retracements of a buy/sell delivery in the market are
not to a liquidity pool this is where we consider arrays. Notice how Monday ran stops
already? So now if retracement is offered, we look for arrays. It is always a run on stops first
and then considering arrays to retrace and expand to make the price range. In the telegram
chat I then said to you guys to consider the orderblock of last Friday’s daily candle for price
to trade to.
Thursday the 6th of April 2023:

For the week of NFP this is where you should leave the week, the day before NFP is usually
choppy and I advised you guys to stay away until after NFP as after a few daily expansions
happening already Thursday and Friday will be choppy as the weekly expansion has played
out for the most part. You can carry out a back test for this yourself and see the Thursday
before NFP and is it favourable over many samples? How many of you only focus on
identifying conditions that are good to trade and do not practice spotting when conditions
are likely to be unfavourable? It’s the recognition of poor conditions that will save your
account, capital preservation is always more important than capital gains remember this.
It’s easy to execute bread and butter days like Tuesday with easy direction and clear stage
however, is it easy for you to remain side lined when conditions are likely to be poor?
Reduce the amount you give away it is much easier than winning more. Focus on losing less
first then work on the hit rates.

Friday the 7th of April 2023:

We never try to entertain anything prior to NFP, after the drop of the news IF there is a clear
stage to hunt a trade setup then we can consider entertaining a trade but usually it is a big
move followed by chop and no entry. What we expected for NFP was a run on the DXY PDH
into the order block and this is where I said to look for MMSM framework, this is the stage.
The MMXM is not an entry, it is. Stage/model for us traders to then gear towards a trade
setup such as return to breaker or FVG’s etc.

This is something I like to hunt within context (not pattern trading). Inside of a bearish stage
of a bearish direction I like to see the disrespect of a bullish FVG and creation of a bearish
FVG, I then hunt the IOFED into the FVG with a safe stop loss and target sell side liquidity or
a discount array. On the picture to the left, visualise a dashed line across the top half of the
orange FVG candle and let it be the PDH. That run on stops and then disrespecting the
bullish FVG and creating a bearish FVG is my bread-and-butter entry inside of a MMXM/PO3
stage. Does not have to be complicated. The reason behind it is this: running buy stops
inside of a bearish direction is the offset distribution for my stage setup, the disrespecting of
the bullish FVG is a confluence of disrespecting bullish PD showing a sell side delivery. I wait
for a FVG in my direction and enter. That concludes this weekly report…