00:00:04 Matt Concordia
What is going on, guys? Welcome to the first episode of Backrest and Chill. I'm Matt. This is Chris. And today we're going to do some testing and chilling. So hope you guys enjoy. Let's dive right in. Chris, you have anything you want to say first?
00:00:20 Matt Concordia
Alright, let's.
00:00:21 Chris Gonzalez
Do that, so start this.
00:00:21 Matt Concordia
Off, alright. Anything. What did you want to test?
00:00:25 Chris Gonzalez
Let's start out with.
00:00:27 Chris Gonzalez
The most common one, probably Euro USD.
00:00:29 Matt Concordia
You have lived you a little 4.
00:00:31 Matt Concordia
X action, yes.
00:00:32 Chris Gonzalez
OK, sweet.
00:00:34 Matt Concordia
Yeah. Likewise, let's go. Euro, USD and any year specifically that you're thinking?
00:00:42 Chris Gonzalez
Can start off for 2019.
00:00:46 Matt Concordia
OK. Yeah, let's try it.
00:00:48 Matt Concordia
2019 we'll go.
00:00:50 Matt Concordia
What month are we in now? February, let's go, February.
00:00:53 Matt Concordia
And we'll start it off on this and then.
00:00:55 Matt Concordia
We'll just put it to whatever. We'll just start it like from right there, we'll, we'll call it. Maybe we'll call this the we'll call it YouTube.
00:01:03 Matt Concordia
And let's go.
00:01:04 Matt Concordia
Let's go from there. So let's dive in.
00:01:06 Matt Concordia
See what's shaking here? How do you like the screens, Chris? Like, is it, is it all good if we do it like this or or did you want to just do it one single screen?
00:01:14 Chris Gonzalez
Is this your layout?
00:01:15 Matt Concordia
Yeah, this is my layout and I could I could easily just go like this. Not a big deal.
00:01:19 Chris Gonzalez
And I would like to go.
00:01:20 Matt Concordia
Full screen. Yeah, let's go post mine. Let's go post screen. Alright, let's do a nice big analysis here. Let's go. Because this.
00:01:27 Matt Concordia
Is the new.
00:01:28 Matt Concordia
Month. So we check out the new monthly. What I'm seeing here from my perspective.
00:01:35 Matt Concordia
You can let me know if you disagree. Sway low.
00:01:39 Matt Concordia
Got taken here.
00:01:41 Matt Concordia
Well below, so looking more upside. The only thing that I don't like is the is the fact.
00:01:45 Matt Concordia
That.
00:01:45 Matt Concordia
We had we have a swing high right here.
00:01:50 Chris Gonzalez
But we're also all deemed the previous epic exactly.
00:01:55 Chris Gonzalez
Inside of it.
00:01:57 Matt Concordia
Exactly, that's. That's what I'm thinking. Like we got that we have that fair value gap right here. We also took out these highs and we're failing at these highs as well. So I would say more I'm I would be more bearish just even looking at this is looking a little bit more obviously right we we.
00:02:13 Matt Concordia
Look out and broke back down here, right? We have that change in state and so looking more bearish. I'd be more anticipating downside to be honest on the monthly.
00:02:22 Chris Gonzalez
Is this a complex scenario for the ones that are watching us? Because from the other side to the left you can also see.
00:02:31 Matt Concordia
Yeah, definitely, definitely. You can even see it if you pull up the the 50%. We're literally right at 50%. So there's going to be.
00:02:38 Matt Concordia
A ton of.
00:02:39 Matt Concordia
Just whip selling around at the 50%.
00:02:41 Matt Concordia
Of the range, right? But let's see. Let's see what the.
00:02:45 Matt Concordia
Let's see what happens. We have this first discount fair value gap.
00:02:48 Matt Concordia
That's holding.
00:02:49 Matt Concordia
We have another discount fair value gap. This that's down here. We have a premium fair value gap right here. So we're just kind of stuck in the middle. So our we our monthly bias is going to.
00:02:58 Matt Concordia
Be a little bit you know.
00:03:01 Chris Gonzalez
Harder.
00:03:02 Matt Concordia
Yeah, a little bit, a little bit more difficult, sorry.
00:03:04 Matt Concordia
Accidentally clicked that.
00:03:06 Matt Concordia
Yeah, it's gonna be a little bit more difficult, but I'm expecting more bearishness honestly, like just just especially now on the weekly, you start to see it.
00:03:12 Matt Concordia
Where we.
00:03:13 Matt Concordia
Where we came up.
00:03:15 Matt Concordia
Took out this swing high break back down. Come right back up. Take out the swing. High failing. It's looking way more like it's going to go seek that.
00:03:22 Matt Concordia
On the monthly.
00:03:24 Chris Gonzalez
Agreed. I do agree my.
00:03:27 Matt Concordia
IG IG sounds good alright. So yeah, I'm gonna. I'm gonna anticipate that this is going to break on the week or on the monthly potentially going to be starting to seek down into the weekly lows here. Still not the clearest of bias, not the best of biases but.
00:03:44 Matt Concordia
I would be more leaning towards cells.
00:03:46 Chris Gonzalez
Of Tammy careful or Rome.
00:03:49 Matt Concordia
Right, this weapon and.
00:03:51 Chris Gonzalez
Yes, just a little lower where the reaction block is.
00:03:55 Chris Gonzalez
They were, and our rent around here.
00:03:58 Matt Concordia
Rejection book would be what is that? 135 sevens?
00:04:03 Matt Concordia
135 sevens. Yeah, somewhere around here. Yeah, that makes sense. Alright. Yeah. So I think that the the range is more down like even just looking at it right here I'm seeing that we took out a swing high right here on the daily. We closed back below. We have a nice swing point here. So starting off the week let's see what's happening. If it's going to fade back up or if we're going to start seeing more.
00:04:24 Matt Concordia
Again, I'm more anticipating on this.
00:04:26 Matt Concordia
Well, so again, let's just see what's going on. Let's mark out the previous day highs and lows just to be aware.
00:04:34 Matt Concordia
That we could consider this was all that bells.
00:04:37 Chris Gonzalez
That are new.
00:04:40 Chris Gonzalez
Don't have a lot of experience with concepts. We call previous high schools. We need goals. So these are points that we're always paying attention.
00:04:54 Matt Concordia
All the major highs and lows are going to be the, you know, the daily highs and monthly highs and weekly highs and these little swing points here.
00:05:01 Matt Concordia
And like the swing points are going to be essentially a high, a higher high and a lower high. So you have that right. There is going to be your swing point on the swing high and that's going to define your range. And so we have.
00:05:13 Matt Concordia
A high higher, high lower high.
00:05:15 Matt Concordia
That's a swing high. It grabs that liquidity and it comes right back into the range. So that's why.
00:05:19 Matt Concordia
I'm more.
00:05:21 Matt Concordia
Thinking that it's going.
00:05:22 Matt Concordia
To go down because we took out this liquidity and we're took out this liquidity and we're failing. So again more looking at that sell side to come.
00:05:31 Matt Concordia
So let's see.
00:05:36 Matt Concordia
Right here, right here. Previous day highs and lows. OK, cool. Let's just go to New York, then. See what shaking? Yeah. So we're immediately just starting to drift down to.
00:05:44 Matt Concordia
Start off the day.
00:05:46 Matt Concordia
We just consolidate, consolidate, come back up into this block right here with the four hour quick. Yeah, 4 hour block right here again, it looks more like it's going to come back down. I would be.
00:05:55 Matt Concordia
A little bit cognizant of the fact that we have this traffic right here that we're in, so nothing to me right here is is super super high probability like I I think that it's going to come and take out this low these equal lows here which is that premium stay low and we can refine this down into this little block right here as a potential a tap and and back up so.
00:06:16 Matt Concordia
That's what I would be anticipating and yeah.
00:06:20 Matt Concordia
Again, we just took out another swing high right here. Bailed, breaking back down. So that's again still in line. You can even look at some old fair value gaps that got disrespected at that same level. So I'm more I would more anticipate that this is gonna be the draw on liquidity right down.
00:06:34 Matt Concordia
Into.
00:06:34 Matt Concordia
Here. Yeah.
00:06:39 Matt Concordia
So we are now at 8:00 AM, so New York open. We literally have a setup right here, right. We have a.
00:06:53 Matt Concordia
Breaker essentially.
00:06:58 Matt Concordia
And that took liquidity up here, breaking back down again, a lot of equal lows target down here at 14, three 40s.
00:07:07 Matt Concordia
So it's easily.
00:07:10 Matt Concordia
Easily open up. I'd like to see it take out a swing by or something first that would be.
00:07:15 Matt Concordia
Here we go.
00:07:22 Chris Gonzalez
Pardon. What time is it a specifically?
00:07:25 Chris Gonzalez
God bless.
00:07:26 Matt Concordia
Right here 820, it's the 825 basically 8/28/25.
00:07:32 Matt Concordia
So yeah, let's let's see what's going on in the on the one minute. Maybe we can get a a little run here. It looks like more, more downside to me, to be honest, but let's see.
00:07:48 Matt Concordia
See, it's coming in to be.
00:07:49 Matt Concordia
9.
00:07:51 Matt Concordia
I do like how this is setting up because now in that same area we have another failed block right here actually because it's a one minute, let's just mark out the.
00:07:59 Matt Concordia
Whole.
00:07:59 Matt Concordia
Order block instead and look at that we have a shift to market structure right here.
00:08:03 Matt Concordia
We have a fair value gap up here. We have our border block right there like to me that would be valid for taking.
00:08:15 Matt Concordia
Equal lows.
00:08:18 Matt Concordia
Right.
00:08:19 Matt Concordia
Yeah, equal lows, relatively equal lows there. And then again, our target at the daily lows, only thing is we are inside of a consolidation. So like on the higher time frame, right, that 50%.
00:08:32 Matt Concordia
On the higher timeframe range, so we do have to be careful that you know this could potentially adding DAS the support, but I think it's worth.
00:08:40 Matt Concordia
I think it's worth taking, especially because the risk reward on this one just down to this daily low is 3.7. So it's pretty, pretty, pretty decent. So I'm just going to set a limit. I don't know if you have any reservations with that.
00:08:52 Chris Gonzalez
I I will probably wait for another cheap. Yeah, that's more my style, but this is a good setup or or or like it has all the criteria, we just have to be aware that around the five minute that we give it's hold or not.
00:09:06 Matt Concordia
And that's yeah, yeah, it's also.
00:09:10 Matt Concordia
Just about to be the new hour.
00:09:11 Matt Concordia
Right here. And so actually, let's just.
00:09:13 Matt Concordia
See how the.
00:09:13 Matt Concordia
Yeah, see how great nearly is.
00:09:19 Matt Concordia
Yeah, you know what? I might wait for the hourly close. Actually. Let's just see how it reacts.
00:09:28 Matt Concordia
Time, is it 850?
00:09:30 Chris Gonzalez
With that, for me, I would have got it all.
00:09:35 Matt Concordia
It's all good. Yeah. I wanted to wait for the hourly close, though, cause the hourly is gonna.
00:09:39 Matt Concordia
The hourly is going to dictate what was good. I didn't realize we were so close to the.
00:09:42 Matt Concordia
End of the.
00:09:43 Matt Concordia
Hour and like I personally in the last like 45 minutes of that or the last 15 minutes of the candle. Like I always just wait till the next one. Just because there's always the last 15 minutes dictates how that candle closes. It is usually going to be, you know, supporting or it's going to give you an indication of.
00:09:59 Matt Concordia
Of what the next candle is going to do with the next hour and this one again. You see the candle, the 15 minute or the last 15 minutes holds this fair value gap into this order block and starts looking a little bit more to the upside here so.
00:10:12 Matt Concordia
Yeah. And let's see how that flows. That really just closed with the swing point down here, too. So we're just in a consolidation. I'd rather wait for something a little bit more clear on the 5.
00:10:22 Matt Concordia
K So there we go.
00:10:24 Matt Concordia
Now we slid through the sphere value gap.
00:10:25 Matt Concordia
Right.
00:10:26 Chris Gonzalez
Yeah. Now we slid.
00:10:28 Matt Concordia
Through that fair value gap, so are.
00:10:29 Matt Concordia
The five minute this is sufficient to take. If you look at a one minute, there's going to be some. There's going to be some gap there, right? We can wait for one minute gap to to happen. There we go. So now we have a one minute gap. We have that five minute gap. So we have a bunch of stuff right here to confirm that it's going to that, it's going to stay and in.
00:10:51 Matt Concordia
What, sorry.
00:10:53 Matt Concordia
So let's let's set that I feel I feel. After it with this one.
00:10:58 Matt Concordia
The only thing is is if it hits these liquidity pools.
00:11:00 Matt Concordia
Right here first, then, then it's gone. Yeah, it's gone.
00:11:05 Matt Concordia
Yeah, which is exactly just just straight straight down.
00:11:08 Matt Concordia
Up in perfectly. Hey, I've got good read, but yeah, it just just didn't give us that. What it wanted to be honest. And even on the fly if I were just trading the five minute here, I would have had my entry at that. Saying that that inversion gap there. So if that as soon as that inverted, I would have my limit there and then I would have just.
00:11:26 Matt Concordia
Tried to ride that down, but anyway it's all good. The direction where everything was pretty much dialed in if I took. So just to recap or just to to go over.
00:11:37 Matt Concordia
That first one, if we held like that was an order block right here, right. And if we took that first position, which was the?
00:11:45 Matt Concordia
Order blocks right here, right then that would have been.
00:11:51 Matt Concordia
That would have played there. We would have hit some drawdown for sure, but that would have played out at 3.75 or so potentially something to to think about the next time.
00:12:03 Matt Concordia
But overall rate analysis works.
00:12:08 Chris Gonzalez
Like out of the two setups, the one that I would feel well or would have felt more confident.
00:12:20 Matt Concordia
Totally, totally. Once you get that real information. It's it's just. It's just nice and I don't know. It's much easier to take those in my opinion. Like I feel way more like way, more like confidence coming out of those.
00:12:35 Matt Concordia
I'm also seeing this right now though. These last sequence of down kit goes right here and that just got tapped.
00:12:42 Matt Concordia
Ohh but I don't want to delete it.
00:12:47 Matt Concordia
And we took our daily low in this level, so potentially could see it a reaction right here and we have month or it's Monday. So probably if it's going to be consolidation day, we have some liquidity up here. So potentially you can just fade back up in the into the range.
00:13:04 Chris Gonzalez
To see beautiful, beautiful that is just.
00:13:07 Matt Concordia
A super clean, clean leg there too.
00:13:13 Matt Concordia
Like to see.
00:13:16 Matt Concordia
Five minute. Let's see if it's going to take a swim or not. It's just going to create a block I wouldn't take.
00:13:21 Matt Concordia
That anyways to be honest. Right. Yeah. I wouldn't be surprised though, if this is going to be the last sequence of up candles.
00:13:37 Matt Concordia
And then retest it and go.
00:13:43 Matt Concordia
That was gonna break back down.
00:13:46 Matt Concordia
Yeah, that's it. There's just not enough confirmation on that anyways to take there. You go right down to our key level of the actual block there equal lows.
00:13:57 Matt Concordia
Pretty clean, run again.
00:13:58 Matt Concordia
The higher time frame bias is down, but let's just see I'm actually what time is it.
00:14:02 Matt Concordia
Right now, 955, let's see how the how.
00:14:06 Matt Concordia
Really looked there. The hourly was just literally straight down right into that into that level and we're starting up this hour coming right back up.
00:14:13 Matt Concordia
Into the range so.
00:14:15 Matt Concordia
Probably a little bit more bearish bias to take out that that one hourly.
00:14:19 Matt Concordia
Low be honest.
00:14:22 Matt Concordia
But to me the let's see what time it is.
00:14:27 Matt Concordia
It's 10, right?
00:14:28 Chris Gonzalez
Yeah.
00:14:30 Matt Concordia
I think it's going.
00:14:31 Matt Concordia
To come and take out this high first.
00:14:36 Chris Gonzalez
Right to look great.
00:14:40 Matt Concordia
Yeah, it just took that hourly low anyways, end of the end of the New York session. Where to London, close right now. This is. I mean, where's the highest up candle? Right here. It's this one here. If anything else would be the the the breaker and then test and go. Let's see.
00:15:03 Matt Concordia
Anyways, and the day, let's go into the next thing again. The only one for me personally was. Was that one there. If we were gonna get that continuation of a lot of liquidity down at these lows. But yeah, just didn't get it.
00:15:15 Matt Concordia
Overall, all right, let's go to the next New York.
00:15:22 Matt Concordia
And let's delete all this stuff. Yeah, no worries.
00:15:28 Matt Concordia
It's absolutely essential.
00:15:31 Chris Gonzalez
I do love to love my screen. Oh yeah, you have to man.
00:15:39 Matt Concordia
Like it's just a necessity, honestly.
00:15:44 Matt Concordia
One of the things I like is that we took out this liquidity up here and then we have liquidity down here. So I don't know if this is going to hold or what, but again we are more bearish. So I don't really trust this at all, especially like at the same time like from this high to this low we're in the we're I mean we're in the discount I guess that for now, but not not in, not really. The something I really like, to be honest.
00:16:12 Matt Concordia
Let's see, I do like the liquidity form you know here, but we do have or our fair value being respected. We have the last rejection block here potentially being respected, but we have traffic right here. So on a four hour.
00:16:31 Matt Concordia
What I would have to see personally is for or if that's the wrong tool. Is for price, just break back above here just to show that it wants to get going and then we can start to see something higher or if it's going to fail, then maybe just just take out the swing high, close back within the range and then start fading back lower. Those are the two kind of alternatives I would.
00:16:51 Chris Gonzalez
Say, maybe it's still the hour lap. Yeah, let's say.
00:16:57 Matt Concordia
Yeah. Likewise, I think so as well.
00:17:03 Matt Concordia
Right at the right at the four hour, like or right at.
00:17:06 Matt Concordia
The traffic as well.
00:17:07 Chris Gonzalez
Yes.
00:17:09 Matt Concordia
We get like the let's see the 50% of this see which 50% is right up into that.
00:17:15 Matt Concordia
See if it'll tap that and start breaking back down to start targeting.
00:17:17 Matt Concordia
This low I have a feeling that that low is going to get targeted.
00:17:21 Chris Gonzalez
2nd.
00:17:24 Matt Concordia
But we are below previous day lows so have to be careful.
00:17:33 Matt Concordia
Let's go to. This is 8:00. Yeah, 8:00 is already starting down, so I'm assuming that it's just going to go. It's going to.
00:17:38 Chris Gonzalez
Go up first, yeah.
00:17:43 Matt Concordia
OK. So that's eight. Let's see what happens here. This is going to be the big level, right? The 50% halfway in this traffic and yeah, but to me, the way that the days like this looks pretty good cause we have consolidation, manipulation and now potentially this is a distribution to be honest like in regards to the daily cycle, that looks more of a long.
00:18:03 Chris Gonzalez
I'll close that trick in the query.
00:18:06 Matt Concordia
Yeah, let's see here.
00:18:08 Matt Concordia
Is building building order flow for sure.
00:18:11 Matt Concordia
Right, we have our.
00:18:13 Matt Concordia
Well, we can just use the fair.
00:18:14 Matt Concordia
Value gaps instead.
00:18:15 Matt Concordia
Of the last point, I prefer using those anyways. Right bodies holding next fair value gap holding and again it's important to note I think that you have a swing low here. You have a swing low right here back. It's taken out on this time frame before it starts to see external liquidity, which it now just hit external liquidity.
00:18:35 Matt Concordia
On the 15.
00:18:37 Matt Concordia
So let's see if this is going to hold here, because this is the traffic I wouldn't be buying into this right here. Not for me, at least, not yet.
00:18:47 Chris Gonzalez
Time minutes until nine. Eight. Yeah, the hourly close. We are there right now. So this is how the hourly is going to close and it's going to close sweeping this high into this order block.
00:19:00 Matt Concordia
And I I would just anticipate that because it's holding this fair value, got to get on the hour, we're going to roll over.
00:19:09 Matt Concordia
That's where I.
00:19:10 Matt Concordia
That's where I want to see personally.
00:19:12 Matt Concordia
And this is a nice, nice and clean. I don't see enough for me to to actually take this didn't add change state right here and we do have a little fair value gap there. But again, nothing that I would take.
00:19:26 Matt Concordia
Let's go back up to the 5:15.
00:19:31 Matt Concordia
Again and see how the beginning of this at the beginning of this hour is just shooting up. So this is really good if we're looking for shorts, right? We took out the swing high right here.
00:19:41 Matt Concordia
Coming even though 50%, what's that Sir?
00:19:44 Chris Gonzalez
Now we can write it at least until the FBG on the fifth. Yeah, if anything, take majority up there.
00:19:53 Matt Concordia
Exactly. Let's wait to let's see if we can get a 5 minute change in stay first, yes. Or one minute. Let's see.
00:20:09 Matt Concordia
Yeah, it's it looks like it's just going to start to fail right now to be totally honest this will be the breaker if it closes back below this level. Yeah it does. Is there any fair value gap though within it on the on the?
00:20:22 Matt Concordia
No, there's not. I'm not in the five, but yeah, like that. This is gorgeous to me. And the fact that we just took out this high, right, it it took out that 15 minute swing high accumulates shorts or accumulate, accumulates by stops. Right. Rips back down. And now we have this change in state of delivery right here. The only thing is I would want to see is a is a fair value gap. And also if I'm trading this, I would have to be at 50%. I would want to.
00:20:46 Matt Concordia
Make sure that.
00:20:48 Matt Concordia
That I'd be broken even, right?
00:20:52 Matt Concordia
And ultimately, I would say that.
00:20:57 Matt Concordia
All this is, I mean this is just.
00:20:58 Matt Concordia
Traffic is just.
00:20:59 Matt Concordia
Traffic, traffic, traffic. So I would expect this to hold honestly like I think that a valid trade would be something like this.
00:21:08 Matt Concordia
5 pips stop by the time it gets down to here though, the 50% I would have to break even and that's not really enough. It's not even 1R to go down to there. But if if this is going to continue back down, I mean that would be a massive pretty decent trade, but we have to be careful with this right here.
00:21:27 Matt Concordia
What do you think? Should we take it into this clean leg or what?
00:21:31 Chris Gonzalez
Can I take a look at the hourly and the 15th?
00:21:36 Matt Concordia
Absolutely. So hourly again it opened up, ran up high into the order block, and so the overall bias would be for me would be down, especially after we took out a a swing high right here. Well, right took out that swing high. From high to low, let's go to at the FIB like OTE target -27 so that looks pretty decent.
00:22:01 Matt Concordia
15 minute the only this is the only thing on the 15 minute we're coming right back. We're going to be coming right into this traffic level. That's why I said it's very likely that it's going to hit down at least that 50%, but then it could easily just hit the 50%.
00:22:15 Matt Concordia
And then continue up and that's why normally I'd like to see a little bit more like range between here, right, because at least if it hits 2R by the time it gets out of there, then you know I can take off some profits, move to stop, move, stop to break even and and be good. But The thing is, is that there's not enough range so.
00:22:33 Matt Concordia
That being said, let's just let's just leave it then and wait for something a little bit clearer.
00:22:38 Matt Concordia
Yeah, it it hit 50% right there and there melted all the way back down. I wouldn't even have been tagged in it though, like my entry would have been right here anyways. But this is exactly what I would love to see. And by the time it gets down into the most extreme point here in this 15 minute order flow, we would have to be break even, right, because it could easily just start going back up that.
00:23:00 Chris Gonzalez
What's the only? But confluence, in my opinion, totally no, I wouldn't. I wouldn't take that because of the 15 minutes for me a lot of my losses in the past have been because I didn't pay enough attention to the 15 minute.
00:23:14 Matt Concordia
Totally and the United Kingdom and I think it's it's really good to get into the habit of.
00:23:16 Chris Gonzalez
Yeah.
00:23:19 Matt Concordia
Practicing like Taking really good setups. Like stop Fee or having the need to take a setup just because it's present. If it's a C setup, you know what I mean. Like if there's only a .7 R range for you to like ohh, you know I have enough to manage my position like it's not worth it. Like you know I I like to take trades where it's like you know you have your set of it.
00:23:43 Matt Concordia
You know, you get your entry and then by the time it breaks even, you're already up. You're the full trade is already done like you already can hit a 4345-R just by hitting that you know what I mean? So it's better to wait for those ones, in my opinion, cause I can easily see this rocketing up and and I think you're right. Let's see.
00:24:01 Matt Concordia
There you go. OK, so it did go down. It did hit. It did basically touch our target, which was the bias on the day, which is what we were anticipated. Again, no, no entry for me personally, but great analysis again. And, you know, we just wait for the A+ setups and the A+ entries and I think ultimately, you do that enough times. You're just people, right?
00:24:22 Chris Gonzalez
You got so good.
00:24:23 Chris Gonzalez
Uh, yeah, yeah. Now this is like.
00:24:27 Matt Concordia
It's what men. It's just it's it's like ICT says all the time. It's like it's time and price like time comes first and as soon as you start to realize that it's like, hey, an hourly candle. If I'm looking for it to be bearish like I'm expecting it to open, create that high, break back down, rate the clothes and then that's the that's going to be the bearish candle. Right. And so it's like.
00:24:46 Matt Concordia
Why would I be entering if I'm trading it if I'm a day trader playing the hourly candle like?
00:24:51 Matt Concordia
I'm expecting lower prices, so why would I be entering when the candles already extended all the way down or like it just doesn't make sense.
00:25:00 Chris Gonzalez
Basically realizing where you are at the hourly candle. Totally, that's.
00:25:04 Matt Concordia
A huge key.
00:25:04 Chris Gonzalez
EE tea, especially for our style.
00:25:08 Matt Concordia
Yeah, but if if you're an intraday trader, I mean it's it's absolutely fundamental and like right here, hey, this is a great example. Look at you have your hour.
00:25:17 Matt Concordia
Expecting an hourly level so you have time. You have time frames influence where the hourly is respecting hourly. So as soon as that hourly closes within that, that tells you, OK, the hourly is respecting the hourly level. So you're likely going to get an hourly move essentially. That's how I at least interpret it. And so now it's the same thing. Now we swept back below the slow.
00:25:35 Matt Concordia
What's this right here?
00:25:38 Matt Concordia
Order right and now we have an order block on the opposing direction. We have equal lows. We have another target low that we could potentially dabble into and now it's just about time. Look at 10:00 AM, if 10:00 AM starts coming up grease that WIC high of the candle and we can start looking for shorts back down into the the low of the range. It's it's this it's this continuous.
00:25:58 Matt Concordia
Cycle of like. OK, what's you know, where are they? Cooling, liquidity and everything. And I think it's it's key to.
00:26:04 Matt Concordia
Well, you could use this one. This swing high right here, by the way, that's going to say take a range and you know there's the the confluence level right there. But let's let's go from previous hourly high to previous hourly low.
00:26:19 Chris Gonzalez
Can I bubble you with something 15 minutes?
00:26:25 Chris Gonzalez
It's 2.
00:26:26 Matt Concordia
Hey there. Yeah, we changed state here and you can.
00:26:28 Matt Concordia
See on the 15 we've been.
00:26:30 Matt Concordia
We were respecting those bullish Fair Valley goals, respecting and then we just slid through with this one. So again, this is more for me. This is more going to tap into this level and then target that there was a year or. No, I can Fast forward the. 1st 15 minutes though.
00:26:49 Chris Gonzalez
Yes, for sure.
00:26:50 Matt Concordia
Let's let's let's go to the best or the the 1st 15 minutes here. Let's see if we get it. No, just went straight down. But you can see on the hourly candle. Look at how that formed. Right, creates the width of the hour it actually touched. If you notice, it actually touched the the Wick. So that's the order block. That's the the. This is going to be a sensitive area.
00:27:10 Matt Concordia
The WIC, the 50% of that Wick and then the body and then also the 50% of the body as well are are all going to be sensitive areas. And then the rejection block of course that's that's the ultimate and I love taking rejection block trades those fast, but yeah, as soon as it does that now it rips back.
00:27:26 Matt Concordia
Down and then it's like, OK, well now.
00:27:29 Matt Concordia
You know, as biased as you are. Downside, it's like, oh, yeah. Like I think it's gonna continue down. Well now we're below previously like quality below current daily daily lows, right. These were made in London, these lows, right. So there's going to be liquidity around here.
00:27:41 Matt Concordia
So.
00:27:42 Matt Concordia
The next thing that I would be looking at is is upside. Personally that's that's how I would be anticipating or the next move.
00:27:49 Matt Concordia
Stories to the upside, I wouldn't say it's is it. Well, I mean it is looking kind of down, but I would.
00:27:54 Matt Concordia
I would anticipate the next move is going to be a retracement back up to where we initially anticipated.
00:28:00 Matt Concordia
Rice to retrace to right there at that.
00:28:02 Matt Concordia
Border block.
00:28:05 Matt Concordia
And yeah.
00:28:14 Matt Concordia
So it's respecting this traffic level right here, right, area of traffic, probably just going to continue down again take out.
00:28:20 Matt Concordia
This low.
00:28:22 Matt Concordia
So what I would expect.
00:28:25 Matt Concordia
OK, perfect.
00:28:29 Matt Concordia
And again, now it's going to be London closed. So London close, you know we did the range for the day, right. We consolidated consolidated got this run. We're respecting order flow. So this would have to break. But again it is it's London flow. So I wouldn't wouldn't be.
00:28:44 Matt Concordia
You know you can call.
00:28:45 Matt Concordia
It a day.
00:28:48 Matt Concordia
But really good analysis, right? Really good analysis coming right back up as we anticipated and this is.
00:28:53 Matt Concordia
By like.
00:28:54 Matt Concordia
The flow of events is from internal liquidity in the form of a fair value gap to external liquidity, fuel, internal fair value gap, external equity equal and so as soon as it takes out an external low like that, it's like what's the next thing that's likely to happen.
00:29:14 Matt Concordia
It's going to come in.
00:29:15 Matt Concordia
Right, so instead of trying to chase him or chase shorts here and continue it down lower, it's like, no, the next move is likely to come in first. Then there's a potential short there at the internal liquidity pool plus breaker and so on.
00:29:27 Matt Concordia
And so forth.
00:29:30 Chris Gonzalez
It's always nice to home.
00:29:33 Chris Gonzalez
Yeah, that's that's called the green meaningless writer.
00:29:37 Matt Concordia
Yeah, gold nugget.
00:29:40 Matt Concordia
Yeah.
00:29:42 Chris Gonzalez
That are less so, kid.
00:29:43 Chris Gonzalez
Those are the kind of things. No, no, nothing.
00:29:46 Chris Gonzalez
That those are those are.
00:29:47 Chris Gonzalez
The kind of things that.
00:29:50 Chris Gonzalez
When you're starting out.
00:29:52 Chris Gonzalez
Sometimes it's hard to.
00:29:55 Chris Gonzalez
Arrange the consent consent around this absolutely and having logical step by step process.
00:29:56 Speaker 3
Is this for you?
00:30:06 Matt Concordia
I'm trying to argue that.
00:30:06 Matt Concordia
That's that. That's probably the hardest.
00:30:08 Matt Concordia
Part, in my opinion at least, it was for me like because you got.
00:30:11 Matt Concordia
So.
00:30:11 Matt Concordia
Many you get so many different.
00:30:14 Matt Concordia
Like especially in trading like you can literally Google oh how to trade. And there's a million strategies and a million ways to make $1,000,000 you know.
00:30:22 Matt Concordia
And it's like well.
00:30:24 Matt Concordia
OK, you have to find the process that works for yourself that that kind of resonates with your personality as well. And then you know, you can, you can do a lot of damage that way. And you can do really well for yourself if you do it like that, but it's like.
00:30:35 Matt Concordia
If you just are just saying Ohh, take every order block and take this and in the absence of time and and understanding of cycles and how the the candles are supposed to develop like you're literally just wasting your time in my opinion. I mean maybe I'm wrong, but that's what I've seen through my experience.
00:30:52 Matt Concordia
Yeah. So now that we broke back down, right, we took out that liquidity. We took it out that external liquidity.
00:30:57 Matt Concordia
And.
00:30:57 Matt Concordia
Also, by the way, right, we had external liquidity up here, it takes it out potentially if you're looking for continuations, you're looking at internal to external. Again it fails and takes up external. So the next logical level to the internal, whereas internal liquidity.
00:31:13 Matt Concordia
Fair value gap Plus there's an actual.
00:31:15 Matt Concordia
Swing high there or daily high that was there, right? We take it out.
00:31:19
This is.
00:31:19 Matt Concordia
And now we come back. So where's the next logical level? Well, I would anticipate that it's going to be below all these lows like that's.
00:31:26 Matt Concordia
That's what my next external drop. But that being said, I don't like this. How we have a consolidation and manipulation. We have liquidity built up here. This could easily do something like that as well. So that's why this is. This was nice shorts levels up here, but this is going to be a pretty sensitive area. I think if it's going to hit down here, there's probably get some sort of reaction back.
00:31:47 Matt Concordia
But these are the types of environments that I hate trading because it's like it's like this, right you have, you have a strong low here, you have a strong high right here you have a strong high right here like it's it's literally you're you're just like OK select your levels properly or else you're going to get caught in the middle of of high resistance liquidity.
00:32:09 Matt Concordia
Well, then you have no idea. You have no idea. And for anyone that doesn't, that isn't aware. Me and Chris, actually, we live together in in Costa Rica. When I was there, so we were.
00:32:20 Chris Gonzalez
That's why my English is not so good guys. Not all of this. I will improve you dude.
00:32:28 Chris Gonzalez
I get stuck and I'm like.
00:32:30 Matt Concordia
Not how he speaks.
00:32:31 Matt Concordia
Audibly, dude, you speak better for me.
00:32:35 Chris Gonzalez
Oh yeah, we worked.
00:32:36 Chris Gonzalez
Together and oh man.
00:32:38 Matt Concordia
Yeah, just what a life are.
00:32:41 Matt Concordia
What? What do I what us?
00:32:44 Matt Concordia
A lot of struggle and it's it's crazy. Like, I don't know, man, the training journey is such a such a funny journey. Like it's it's so painful or it's as painful as you make it and we make, I make it very painful myself sometimes. Like, yeah, like, you know what I mean? Like take taking those stupid trades that are like in the middle of nowhere.
00:33:03 Matt Concordia
And then you look back at the chart after and.
00:33:05 Matt Concordia
You're like dude, what?
00:33:06 Matt Concordia
Was I doing like why don't I just stick to what I know and that's that's the difficulty of trading, honestly, is just is taking care of your of your mind and and making sure you're doing the right thing.
00:33:18 Matt Concordia
You know.
00:33:19 Chris Gonzalez
Exactly. Well, where exactly? If you exactly stick to it eventually, probability inconsistency will.
00:33:32 Matt Concordia
Yeah, absolutely.
00:33:35 Matt Concordia
Like these are the days.
00:33:35 Matt Concordia
That I just don't like trading in.
00:33:37 Speaker 3
Because what? So for our.
00:33:39 Matt Concordia
Yeah, it's just it's just likely to be consolidation or it's likely just to continue back down. But to me, even though there is a sweep like this like, even though intraday, there's like a consolidation manipulation, distribution come back up into here to come back down. Like, to me this looks more.
00:33:55 Matt Concordia
I don't know. Like we've had this. We've had this really, like, grinding move back down like is it going to come into this, this clean like probably like almost like very likely that it is. It's just I don't like shorting at, OK actually here's here's why I don't like shorting at low of day. If I'm shorting I want it to.
00:34:15 Matt Concordia
The.
00:34:16 Matt Concordia
At high of day or or around high of day, right? And if I'm logging, I want to be longing from low of day. Right. Like we are right now at low of day. High of day is already up is all the way up here. We're like why would I looking? I can't look for shorts down here. In my opinion that's just like I would have to wait to see something like this like.
00:34:36 Matt Concordia
Boom. A pop up into here, we get our entry model, then down. That would be like OK done. Set right. Because that's one or this going to be that midnight high we have the end of London's high right there so.
00:34:49 Chris Gonzalez
Honestly, I just don't.
00:34:50 Chris Gonzalez
Know what can happen?
00:34:52 Matt Concordia
I would if I were to.
00:34:53 Matt Concordia
Guess.
00:34:55 Matt Concordia
I would say yeah, taking out this low, something like this and then coming back up to take out this liquidity up here, look at all this like all of this is just just low, low, low resistance liquidity.
00:35:11 Matt Concordia
So I wouldn't be surprised if that gets taken.
00:35:13 Matt Concordia
Out like that.
00:35:19 Matt Concordia
It's not even going to it's it's London closed now. So it's probably, yeah, super late so.
00:35:24 Chris Gonzalez
Again, I as you can see, it's just chopping.
00:35:27 Matt Concordia
Exactly. Just choppy. Like, again, we don't get me wrong. We could have taken it from right at right here. You know, we could have taken it at this last up candle and shorted it and then targeted this low.
00:35:37 Matt Concordia
It's just again, those are these are just not trades that I like personally. I'm more of like I need to see a swing high, get taken first, purged and then I can start looking for the shorts at high of day as opposed to.
00:35:48 Matt Concordia
Just looking for shorts. It's like, oh, well, we're kind of in the middle of this range, even if it is a one hour fair value gap, just not my style. I know people that are are way better at that.
00:35:58 Matt Concordia
Than I am for sure.
00:36:01 Matt Concordia
That just ain't me, OK?
00:36:04 Matt Concordia
Let's go back up.
00:36:05 Matt Concordia
To the daily, I guess we'll do one more day, right. It's 944 right now.
00:36:08 Matt Concordia
So we've been on it for about an hour.
00:36:12 Matt Concordia
And then next time you're going.
00:36:14 Matt Concordia
To run the session.
00:36:14 Matt Concordia
By the way, Chris.
00:36:16 Chris Gonzalez
Outlook.
00:36:18 Chris Gonzalez
I just enjoy watching you a.
00:36:19 Chris Gonzalez
Lot, yeah.
00:36:21 Chris Gonzalez
Up usually 98% in line with what you say.
00:36:25 Matt Concordia
That's what I'm older.
00:36:26 Matt Concordia
Yeah. And I I would hope so, because I would hope that you are because.
00:36:31 Matt Concordia
We like that's I was living with you and I showed you basically what?
00:36:34 Chris Gonzalez
I know you know, so Matt.
00:36:36 Chris Gonzalez
He's my teacher, my.
00:36:38 Chris Gonzalez
And.
00:36:40 Matt Concordia
But yeah, exactly.
00:36:42 Chris Gonzalez
I thought that they helped me and showed me everything and I still learn every time from him.
00:36:51 Matt Concordia
Absolute beauty.
00:36:53 Matt Concordia
Yeah, it's, I mean, I'm still learning as well, honestly it's it's still like nowhere near to what I want to be, but it's it's nice to be able to like look back and and be like man, I was reading price really damn well and I can read it consistently, you know, multiple days in a row and and doing things properly and whatever it is like it makes you, I don't know, instill some confidence in you.
00:37:14 Matt Concordia
Here, let's actually look at the daily. Again, we are within this this daily order block even though like I said, I still think that we're going to be targeting low, right? We took out that swing high, we failed and and started running down exactly as we said. I would anticipate that we're eventually going to come back down into this low.
00:37:32 Matt Concordia
Right. But we're at 50% of this massive order block that did what it took liquidity, right?
00:37:41 Chris Gonzalez
Technically, external load and totally.
00:37:44 Matt Concordia
They could be a strong load, like if anything, I'm looking for buyers here. I wouldn't be looking for shorts now. Right. And if I look on the week, leave. And what's this on the weekly? Is that you have a a swing point rejection block at and also look at the.
00:37:58 Matt Concordia
Time, OK it.
00:37:59 Matt Concordia
Is what's the? What's the? What's the day here?
00:38:02 Matt Concordia
Thursday. So it's at the.
00:38:03 Matt Concordia
End.
00:38:03 Matt Concordia
Of the week on a week, that's.
00:38:05 Matt Concordia
Been.
00:38:05 Matt Concordia
Bearish.
00:38:06 Matt Concordia
And we've extended the weekly range. If you look at these candles, they all look about the same. This is a pretty, you know, similar size candle as as the.
00:38:13 Matt Concordia
Rest.
00:38:13 Matt Concordia
Of these. So it's like what's more likely to happen here is it's likely to create the the bottom Wick of this weekly candle. That's that's how I would be.
00:38:21 Matt Concordia
Interpreting it that.
00:38:22 Matt Concordia
This because again, how does a candle floor it opens, it goes up, it goes down, and it closes up like that. And now if you're thinking about it in regards to a weekly cycle, you're saying, OK, this is Monday, this is Tuesday, this is Wednesday, this is Thursday. So Thursday is at the bottom of the candle, right? But that's that's to the timing aspect of it.
00:38:41 Matt Concordia
And coming right back down to here. And also if I mark out the rejection block, 50% of that look at that literally just tagged it.
00:38:49 Matt Concordia
So more upside probably coming back up into some fair value, yeah.
00:38:55 Chris Gonzalez
Seems a little clean.
00:38:57 Chris Gonzalez
Yeah. Well, that that's just so weak. Yeah, not smart, said the probability of the.
00:39:04 Chris Gonzalez
Wheat retracting a little bit or reversing after expanding, likely to happen today or on Fridays. That's just have to be aware of.
00:39:15 Matt Concordia
It exactly so here was the open of the.
00:39:17 Matt Concordia
Weekly.
00:39:18 Matt Concordia
Candle, right. So we created the wig.
00:39:23 Matt Concordia
Right here on Monday, we have continuations all down into Thursday, and now Thursday we had a really energetic move down to this level. So yeah, I would be expecting equal highs, maybe even all the way back up into here, but let's you know, we don't need to.
00:39:38 Chris Gonzalez
To add a little bit or.
00:39:43 Chris Gonzalez
The people that have.
00:39:44 Chris Gonzalez
Strong visualizing this into their heads, they also have.
00:39:48 Chris Gonzalez
The power of three together, now that can.
00:39:52 Matt Concordia
Ooh, good call. Good call. Yeah. So shout out to two degrees, man. We've been, we've been working on this for.
00:39:57 Matt Concordia
Quite some time.
00:39:58 Matt Concordia
And the PO3 is just an awesome addition to.
00:40:04 Matt Concordia
To our our testing and we got to give.
00:40:08 Matt Concordia
A shout out to.
00:40:10 Matt Concordia
To to muscle and and and the boys with two degrees there. So what we can do is we can actually just offset it. That's why they're overlapping on this candle right now. Let's let's only put it to three and let's say we want to use the daily candles, right. So we can start to see how the daily candles are forming. Right. And so it's it's really good. Once we once we skip forward here, you'll see it on the 15 minute you'll be able to see it.
00:40:31 Matt Concordia
These are all daily candles, so we can start to anticipate right when the a daily candle for right now, this one right here it opens and it.
00:40:38 Matt Concordia
Track down and so if this is the wake of the daily candle, we should be seeing a flip back up into the range like that, right? And to have a bullish day. And so it makes sense because we had an open, we had a break back down. This is all the Wick potentially and it's gonna get back up above the the open of the of the day. So it's really, really useful.
00:40:58 Matt Concordia
Tool to UM, a really useful tool to use and so yeah, that's that's basically the power of three I actually have.
00:41:07 Matt Concordia
Yeah, I actually I love to use it and I think it's just such a great.
00:41:09
So.
00:41:11 Matt Concordia
Such a great tool, honestly.
00:41:13 Chris Gonzalez
It's yeah, it's awesome. To avoid exactly what we were saying, like in my case, I had a lot of losses because I was so focused on the lower time frames and I forgot completely.
00:41:27 Chris Gonzalez
That was.
00:41:28 Chris Gonzalez
Some time, first of all in how your time frames were looking and then they they they were they were showing me that my trade was in low.
00:41:34 Matt Concordia
Exactly.
00:41:40 Matt Concordia
But this is an absolutely great example right here, so it's 8:00 AM and we have. If I actually go to add another candle right here. So let's say 4.
00:41:48 Matt Concordia
What you're going to see is that we have a swing low here formed on the hourly. If we get this, if this hourly general closes that at 9:00 AM, we're going to swing into this fair value gap on the one hour and that's going to be a good buying opportunity. You can see here too, right? This is the candles, the previous candles high, the one hour high is right here.
00:42:06 Matt Concordia
OK, look at right here. So that's this is the order block on the what hour. So I wouldn't be surprised if Price gets back into here and then we start to get the upside, right if if it's going to.
00:42:15 Chris Gonzalez
Be going to the upside watching this.
00:42:19 Matt Concordia
Ohh, I love it man. It's.
00:42:20 Matt Concordia
Just such.
00:42:20 Matt Concordia
A cool tool, such a great tool.
00:42:21 Matt Concordia
And so look.
00:42:22 Matt Concordia
At that right there. OK, digging into the one hour order block right here and then I would anticipate upside honestly.
00:42:29 Matt Concordia
But let's see.
00:42:31 Matt Concordia
OK, so we took that.
00:42:34 Matt Concordia
There we go.
00:42:36 Matt Concordia
So we came right back down to the low. Let's see. Actually, let's actually put this on pause here. I'm going to see multiple higher time.
00:42:42 Matt Concordia
Frame.
00:42:42 Matt Concordia
Sorry, geez, we have the daily, you know, we got a really big run.
00:42:45 Speaker 3
Any.
00:42:47 Matt Concordia
Yeah, it's all good, dude.
00:42:48 Matt Concordia
Like I told you, I can't.
00:42:49 Matt Concordia
Even speak English, to be honest.
00:42:54 Matt Concordia
And what did we get here? That's why. That's where that reaction came from. I I believe that's just a fair value gap. No, it's not.
00:43:01 Speaker 3
Looks like a beer.
00:43:03 Matt Concordia
Yeah, it is actually the high and in the low.
00:43:07 Matt Concordia
There's a slight difference there so.
00:43:09 Matt Concordia
Yeah. Anyway, it's all good. I would anticipate it still to come back up probably into this fair value gap if anything still.
00:43:17 Matt Concordia
Let's see if.
00:43:17 Matt Concordia
It's going to support and go back up.
00:43:21 Matt Concordia
Again, for me, if I'm looking at the previous day's low, it's all the way up to here. So again, I I wouldn't be.
00:43:27 Matt Concordia
I wouldn't be shorted, right? We're way below the previously low. We opened up, created that high, trended down, put a swing in here and now we have look at a 1-2 and three that's not a head and shoulders that's going to be a higher time for him. Swing point, right? That's what we're looking at, not so much a head and shoulders per say.
00:43:47 Matt Concordia
But I do like this how we took out the swing low and now we close back above the.
00:43:51 Matt Concordia
Range here, let's.
00:43:51 Matt Concordia
Look at the 15 cause, Chris. You love the 15, right?
00:43:54 Chris Gonzalez
Yes, I I really was about to ask.
00:43:57 Matt Concordia
Pretty sure I knew it.
00:43:58 Matt Concordia
I could feel it. I could see the cover.
00:44:01 Matt Concordia
I would say, oh, that's what I wanted. Let's.
00:44:03 Matt Concordia
Go to the fib.
00:44:05 Matt Concordia
Right in the OTE so.
00:44:07 Matt Concordia
Yeah, I'm still expecting upside, to be honest. This order block seems to be a decent level. We just shifted market structure on the five after taking out liquidity into an order block. So to me that's good. It would just depend on if there's a 5 minute fair value gap for me here and that it just launched.
00:44:28 Matt Concordia
Now.
00:44:30 Chris Gonzalez
At that feeling, because.
00:44:32 Matt Concordia
I did you I.
00:44:33 Matt Concordia
Did you cause it? Went to the stream and you?
00:44:34 Matt Concordia
Could.
00:44:34 Matt Concordia
Actually, see right here. This traffic right, it gets into this traffic, takes out a swing point into traffic into the higher time frame order block there at the low. And then of course the drawing liquidity is going to be back up to here. If I went on a one minute, I can guarantee there was something.
00:44:51 Matt Concordia
Yeah, at that, as soon as it shifted market structure your value gap.
00:44:57 Matt Concordia
Easy entry right there.
00:44:59 Matt Concordia
Right on that candle, right?
00:45:00 Matt Concordia
There.
00:45:02 Matt Concordia
Or if I was being.
00:45:06 Matt Concordia
You know, just scaling it on the one minute there was order blocks galore here that we could have taken even this one as soon as.
00:45:12 Matt Concordia
It closed back.
00:45:12 Matt Concordia
Above that, there you go. That's the confirmation to go up.
00:45:17 Speaker 3
The.
00:45:19 Matt Concordia
Watch this your value gap.
00:45:22 Matt Concordia
Let's put in green because it's just going to absolutely moon up above this high here.
00:45:36 Speaker 3
Yeah.
00:45:38 Matt Concordia
And again, like you, as you're as it's developing like I'm always looking at this and like, it's cool. It's just so cool to see like it. It respects this one hour or this one minute fair value out. Like all bodies, then what happens? You have order block. Right. You close back above order block close back above zip.
00:45:54 Matt Concordia
Just just launching and again where is it going to go? Internal liquidity at least up into this high in my opinion.
00:46:05 Matt Concordia
And yeah, where are we at on the. Yeah. Let's see. Actually on the one hour. Yeah, that is what they're about. This is a Bear valley gap. And it is traffic, actually.
00:46:15 Matt Concordia
Right here too this.
00:46:18 Chris Gonzalez
Yeah, I was going to say that we had a little still up on lower.
00:46:24 Matt Concordia
FG skis brother and look at it's 945 right now. So I would wait for this calendar close to tell me is.
00:46:29 Matt Concordia
It going to run.
00:46:30 Matt Concordia
This high or is it going to fail and close back below is if it fails and closed back below then I would say that this is probably going to be a weak or low.
00:46:38 Matt Concordia
Here.
00:46:40 Matt Concordia
OK, So what we can do is actually Fast forward. Let's go in the five minute.
00:46:44 Matt Concordia
Just in case.
00:46:47 Matt Concordia
So let's see how it closed it closed.
00:46:51 Matt Concordia
Right back below this low. So let's see if it's just going to run this next hourly high right here. Open creates the Wick of the candle and starts breaking back down. Or if it's just going to go and.
00:47:00 Matt Concordia
Seek higher.
00:47:02 Matt Concordia
We'll have. We'll get confirmation on the on the five minute here.
00:47:08 Speaker 3
Yeah, great. Great.
00:47:11 Matt Concordia
Yeah. So it came right back up above that high again always using the one hour as as that reference for intraday is is super key. Yeah. Now we're back up into this level and it's going to be London closed. So this is where I'd be more inclined for shorts if anything up at London close.
00:47:27 Chris Gonzalez
Right, especially after.
00:47:30 Chris Gonzalez
Going down that much on the lower, yeah. Can see where it stopped to starts. Sorry too.
00:47:37 Speaker 3
Just the margins.
00:47:37 Chris Gonzalez
Forgot.
00:47:38 Chris Gonzalez
Yes, Zac, just pure efficiency.
00:47:41 Matt Concordia
Just exactly so it'll it'll we need. I would like to.
00:47:44 Matt Concordia
See.
00:47:45 Matt Concordia
Some sort of break of efficiency and then and then it can go.
00:47:49 Matt Concordia
But yeah, you can see respecting right here too. I would love to see these equal highs get pinged first, then break efficiency and then.
00:47:57 Matt Concordia
Down, that would be the ideal scenario in.
00:47:59 Matt Concordia
My opinion, yeah.
00:48:02 Matt Concordia
This to take that off, but again it's.
00:48:03 Matt Concordia
Landing.
00:48:03 Matt Concordia
Closed. What's the out? OK, so new hour.
00:48:07 Matt Concordia
Started right here. So what I would love to see again is to create the Wick of this new hour. If we just put it right here like this is the open.
00:48:16 Matt Concordia
And let's let's turn that into a.
00:48:17 Matt Concordia
Different color maybe like.
00:48:20
Blue.
00:48:21 Matt Concordia
Right. That's the open of the new hour. So this is potentially creating a WIC, right? An up wig.
00:48:28 Speaker 3
Let's see.
00:48:31 Matt Concordia
I was just going to accumulate, yeah.
00:48:34 Matt Concordia
Nothing going on here.
00:48:38 Matt Concordia
Anyways, it's 12.
00:48:43 Matt Concordia
Right. We look at the the next hour. Yeah, nothing there and they get it's it's.
00:48:48 Matt Concordia
Pass Landing post now. So I would like to see 11:00 here the damage and then we.
00:48:52 Matt Concordia
Can start running down, but yeah, that's.
00:48:54 Matt Concordia
Basically it for that day. Let's see fast.
00:48:56 Matt Concordia
Forward. Look at that.
00:48:58 Matt Concordia
Right for the outer. So to hit those those highs, wash the hourly candle, the 12.
00:49:04 Matt Concordia
The 12th candle.
00:49:07 Matt Concordia
Where?
00:49:07 Chris Gonzalez
Or is it fixed SWIP those equals?
00:49:11 Matt Concordia
Exactly. That's the open. So we get the width of that hourly candle or right here.
00:49:19 Matt Concordia
We break back down and look at that, that there's your changes to delivery.
00:49:22 Matt Concordia
Right here.
00:49:25 Matt Concordia
And we have some fair value gaps up there. So you could have easily just set your order there, stop up there. And now again we're you targeting below efficiency for sure. I'd be targeting at least down to there and if it fails then.
00:49:38 Matt Concordia
You know you'll see something down here. You have to be careful of this, though. This will block.
00:49:44 Matt Concordia
Right. Because that's the traffic we broke back above that traffic. So it could easily get down into the 50%, which is also you see that 8:30 AM open. And there's also a little bit of a block right here that caused a pretty significant.
00:49:56 Matt Concordia
I move so.
00:49:58 Matt Concordia
I would expect for the next move to at least come back down into around here so.
00:50:04 Chris Gonzalez
I I would call if taken majority of the profit. Yeah, it's.
00:50:13 Matt Concordia
Exactly. And look at that right, so.
00:50:16 Matt Concordia
Got that short right from the 12:00 AM or 12:00 PM? Again, that's a little bit late for me personally to be to be entering the position. So that's why I just fast forwarded through it. But yeah, you have to be careful of.
00:50:26 Matt Concordia
The traffic that's.
00:50:26 Matt Concordia
In here, but again it it's all depends on time, because look what happens right? It hits this level at the the daily closed and then what happens and let me just delete it all delete everything.
00:50:36 Matt Concordia
What happens going into the the new day you have consolidation?
00:50:41 Matt Concordia
What does the day start out as? It starts out by running that consolidation. It also takes out at previous day lows.
00:50:49 Matt Concordia
Right. And so then you get the the change in state and all the way back up.
00:50:56 Matt Concordia
So I mean timing, timing is is really key and this is the Friday, remember, so Friday is likely to be more of a a buy day and so if it takes out the previous day low on this whole bearish weekly candle, it's like man this is a great opportunity here to to go long potentially, right.
00:51:13 Chris Gonzalez
It can be avoided because we were shorting all week total exactly.
00:51:20 Chris Gonzalez
Can take this out of conflict.
00:51:22 Matt Concordia
Totally man, that's a huge part of it. Like if we count the days, what was?
00:51:25 Matt Concordia
This this is Monday here.
00:51:29 Matt Concordia
Oh man, I wish you could help. I wish we could share the screen and and you can help me or write down everything too. This would be nice. Maybe in the future we can have that FX replay with.
00:51:39 Matt Concordia
Sharing for more collaborative.
00:51:44 Matt Concordia
Such events, you know? Yeah, exactly.
00:51:47 Matt Concordia
Exactly. That's the word I wanted to say. See, that's. I'm saying you speak way better than I do.
00:51:52 Chris Gonzalez
I wouldn't be able to.
00:51:53 Chris Gonzalez
Watch it, I'm changing. Running the stream well.
00:51:58 Chris Gonzalez
Actually how you do?
00:51:59 Chris Gonzalez
That with the.
00:52:02 Matt Concordia
Oh, man. Yeah. Oh, it's just it's just years, man. That's The thing is, like I I've been trading for, like, what, 7 years now and and.
00:52:09 Matt Concordia
With.
00:52:11 Matt Concordia
Trading view for basically all of those years or so. It's like, I don't know, it's just second nature, although the stream does kind of get me a little bit anxious, to be honest, getting like doing all the stream and everything, cause that's all new sometimes I.
00:52:24 Matt Concordia
Click the wrong stuff, but I'm.
00:52:25 Chris Gonzalez
Telling you guys the next time.
00:52:28 Chris Gonzalez
When I'm taking the wheel.
00:52:30 Chris Gonzalez
I'll be doing just one day and my work.
00:52:32 Matt Concordia
Yeah.
00:52:36 Matt Concordia
Yeah, it's all good, dude.
00:52:37 Matt Concordia
We'll we'll blast through it.
00:52:40 Chris Gonzalez
Yeah.
00:52:40 Matt Concordia
Yeah, that's exactly, exactly. That's why I'm not concerned.
00:52:44 Matt Concordia
But yeah, like this is this was the whole week, right? And so this is exactly what Chris was saying. Where we had this up that creates the Wick of the week. We have this whole down week clear bearish days, bearish days. So if I'm bearish, you're basically wanting to sell from that midnight open or above, right? That's that's the ideal scenario, right? Selling from these above these.
00:53:05 Matt Concordia
Midnight.
00:53:06 Matt Concordia
OK. But a lot of the times again, I wasn't fully biased, completely biased all the way down into here. I was expecting maybe a different or some sort of move below all these lows, but we were bearish on Monday. I believe in Tuesday it was right. So yeah, now that we're at Friday, we've ran the whole weekly range. We took out a daily low and we're likely going to be.
00:53:27 Matt Concordia
Creating the WIC right, so if I here's the open and maybe maybe this ends up being the close somewhere around here, but then we get this WIC.
00:53:36 Matt Concordia
And we get.
00:53:37 Matt Concordia
This WIC up to.
00:53:38 Matt Concordia
Here. And so that's the weekly candle man.
00:53:41 Matt Concordia
And that's how.
00:53:41 Matt Concordia
It developed so that's really important to.
00:53:43 Matt Concordia
Know.
00:53:45 Matt Concordia
And that's super key.
00:53:47 Chris Gonzalez
You can you can actually leave that.
00:53:51 Chris Gonzalez
And see how we can.
00:53:53 Matt Concordia
Yeah, how it.
00:53:54 Matt Concordia
Closes. Yeah.
00:53:56 Matt Concordia
I would say it's probably just going to and this is actually what what ICT calls the TGIF play here, which is when it when this does happen, you go into your 5th.
00:54:06 Matt Concordia
And TGIF is thank God, it's Friday, by the way. And so you go into, you'll probably get a a 20 to 30% retracement.
00:54:15 Matt Concordia
So if I put the point 2.3 and you can see look at point 2.3.
00:54:21 Matt Concordia
I would personally say it's going to get to the 30% retracement just because there's a nice little high right there and I know that there's that was a continuation short from the previous day. So if traders are still in their position, this is probably going to be using be used as a breaker block right here.
00:54:36 Matt Concordia
Right. And then tap it, go in up to that high. That's what I would anticipate in the end of the week to look like. So we might as.
00:54:43 Matt Concordia
Well, play this last day.
00:54:44 Matt Concordia
We did a week.
00:54:46 Matt Concordia
And we we didn't get.
00:54:47 Matt Concordia
Any trains actually.
00:54:49 Matt Concordia
Which is fine.
00:54:51 Matt Concordia
Which is totally fine.
00:54:53 Matt Concordia
Yeah, I would say that right here and you can actually see too. There's also traffic, right?
00:54:57 Matt Concordia
Here.
00:54:58 Matt Concordia
So it's probably just going to remain pretty efficient all the way up to there, meaning that price is probably just going to go like this, consolidate this, consolidate this maybe a little bit of a sweep.
00:55:08 Matt Concordia
Like that and go.
00:55:10 Chris Gonzalez
The send because it's Friday and probably it doesn't have that much time.
00:55:14 Matt Concordia
Exactly.
00:55:16 Matt Concordia
Exactly. So right here. Right. We take out to swing low. We're coming right back down into this. 50% of this of.
00:55:21 Matt Concordia
This traffic I.
00:55:22 Matt Concordia
Would assume is just going to keep going up. Let's see how the hourly looks OK. So hourly bearish candle coming back down into this.
00:55:30 Matt Concordia
Last sequence of down candles right here so.
00:55:31 Matt Concordia
That's the order block.
00:55:34 Matt Concordia
So yeah, I would expect this to still go up, to be honest.
00:55:38 Matt Concordia
Was looking the one minute. Let's see.
00:55:40 Matt Concordia
It's shaken, beautiful little clean leg where 2 traffic.
00:55:49
Are you here?
00:55:54 Matt Concordia
Potential change in stated delivery right here.
00:56:03 Speaker 3
See.
00:56:07 Matt Concordia
Ships and market structure equal highs draws.
00:56:11 Chris Gonzalez
Let's look at.
00:56:12 Matt Concordia
The one hour again just to see, was shaken again. What time is it? 946. So it's again at the end of that hour. But yeah, we have that 15 minute fair value gap right here. And you could see that the 15 minute.
00:56:23 Matt Concordia
Has just been.
00:56:23 Matt Concordia
Supporting so gorgeously, let me take off this and let me take off.
00:56:26 Matt Concordia
This to show you.
00:56:27 Matt Concordia
Right, 15 minute been supporting gorgeously.
00:56:30 Matt Concordia
We took out a low we have now we have a swing point on the UM.
00:56:35 Matt Concordia
On the 15 minutes. So I I'm bullish for sure. I'm I'm more looking at those. The highs to go, at least this high is going to get taken right here where I have marked down and then if that gets taken and it closes back above then you have a 5 minute.
00:56:51 Matt Concordia
Inversion gap. Yeah, inversion there exactly.
00:56:54 Matt Concordia
So let's see, let's.
00:56:55 Matt Concordia
See how I I'm.
00:56:56 Matt Concordia
Going to wait till the till 10:00 AM personally.
00:56:59 Matt Concordia
Well, sorry.
00:57:01 Matt Concordia
All right, we'll see if.
00:57:02 Matt Concordia
It can close like that on the on the five minute. There you go. So the five minute did.
00:57:06 Matt Concordia
Close like that.
00:57:10 Matt Concordia
Dabbling back down into here, but This is why we always wait for the the hourly right. That's what this is. What I.
00:57:16 Matt Concordia
Mean the last?
00:57:17 Matt Concordia
Few minutes. It's like you're trying to just scout that or you take that trade long.
00:57:21 Matt Concordia
And it's like.
00:57:23 Matt Concordia
The the last five minutes just determines the the whole candle, right? Like to me it's just crazy to me. After you start to realize that's like, dude, what? What was I doing before, you know, like just chasing stuff. Yeah. Now we have a swing low getting taken and it comes into a fair value gap. Right. And.
00:57:43 Matt Concordia
It failed to close below that swing low, so there's a lot more confluence here prolongs than than there was initially.
00:57:52 Matt Concordia
So let's go to few I.
00:57:54 Chris Gonzalez
I was exhausted about it. You.
00:57:56 Matt Concordia
Know totally. Because look, this is what I was saying before this last sequence of up candle takes out a swing high right here. What's that?
00:58:10 Chris Gonzalez
You're asking me? Yeah.
00:58:13 Matt Concordia
Exactly. And. And that's an order block, right? The fair value gap order block right there. So this is one of those things where it's.
00:58:19 Matt Concordia
Like.
00:58:19 Matt Concordia
You're looking at.
00:58:20 Matt Concordia
This long to hold, but then it's also there's this right here it is the opposite direction. So it's like these are the ones that I just wanted to stay out of anyways, like again.
00:58:30 Matt Concordia
It's it's hard though, because in in real time you're like, Oh no, but I'm biased up and there's a buy setup and it's probably gonna use this as liquidity and whatever, but.
00:58:40 Matt Concordia
I don't know.
00:58:40 Matt Concordia
Man training can be can be a little tough sometimes for sure.
00:58:46 Matt Concordia
Yeah, I would say the hourly, that's how the hourly closed. So let's see how this this next hour is going.
00:58:52 Matt Concordia
To open.
00:58:54 Matt Concordia
I love that being leg though. I think that as soon as it gets back above, as soon as it gets back above.
00:58:58 Matt Concordia
This right here which?
00:59:01 Matt Concordia
That that little gap, I think it's going to just skyrocket. Yeah, supporting.
00:59:09 Matt Concordia
And at 10:00 AM, let's see where.
00:59:10 Matt Concordia
Is the 10:00 AM open?
00:59:14 Matt Concordia
Here, which is also the traffic as well.
00:59:14 Speaker 3
Right there.
00:59:20 Matt Concordia
Yeah, I am tempted to take this one to be honest, but there's not enough of a fair value gap. But I would anticipate it's just going.
00:59:25 Matt Concordia
To rock it from here, let's see. OK.
00:59:34 Matt Concordia
And let's see from this high to this low.
00:59:40 Matt Concordia
Right. So we're up at the 50% already.
00:59:49 Matt Concordia
Yeah. So just broke back down, see, right at the 50%. That's why like again, I would want to, if I were to enter that position, there has to be enough range to the 50% before I'm like you.
01:00:00 Matt Concordia
Know.
01:00:00 Matt Concordia
Before, I would take that.
01:00:03 Chris Gonzalez
You guys can see my facial expressions whenever I'm like. It's not good. Yeah, I think fire week was.
01:00:14 Chris Gonzalez
I mean, yeah, just.
01:00:14
Q1.
01:00:15 Matt Concordia
Is it actually just respected this on the other side right there actually didn't even realize that I was too busy looking at the long.
01:00:24 Matt Concordia
Material, but yeah, it it failed that that 15 minute gap there and that's where we're getting a pretty substantial move from. But again like at the end of the day too, I'm not, I'm not looking for shorts here, I'm looking for the loans up into that 2030% which 30% was.
01:00:39 Matt Concordia
Above this high.
01:00:40 Matt Concordia
And it was a Friday. So that's that's what I was personally looking at.
01:00:44 Matt Concordia
So essential bias bias being wrong today. And why was it wrong?
01:00:49 Matt Concordia
Well, as soon look at.
01:00:53 Matt Concordia
Right. Fear value gap. Above all this liquidity right up here, right all these.
01:00:56 Matt Concordia
Equal.
01:00:56 Matt Concordia
Highs look in the four hour maybe. Yeah. You could see better. Look at 3 equal highs there.
01:01:04 Matt Concordia
Right into that true value gap like that.
01:01:09 Matt Concordia
Respecting on the one hour 5 minute.
01:01:12 Matt Concordia
It changes state right? Here comes back up.
01:01:17 Matt Concordia
8:30 AM open.
01:01:19 Matt Concordia
That is the order block right there and breaks back down, and actually this one right here was a potential opportunity here. I would have had my entry higher anyways.
01:01:31 Matt Concordia
If if I were even looking at short, which I wasn't, I wouldn't claim to be looking at shorts there anyways. But yeah, if I would have been looking up higher right where that block was right there, that's probably where I have been looking for shorts, if any.
01:01:42 Chris Gonzalez
You're so beautiful.
01:01:50 Matt Concordia
See how this hour closed?
01:01:53 Matt Concordia
Just close bears as ever, and we slid right through this.
01:01:57 Matt Concordia
Yeah, like that.
01:01:59 Speaker 3
So.
01:02:00 Matt Concordia
We just expect more, more bearishness honestly and you can see right here, right on that one hour comes back up into it falls back down. But we're at the most extreme point here so.
01:02:12 Matt Concordia
This traffic right here.
01:02:21 Matt Concordia
Yeah. Nothing. Nothing that I would be taking here.
01:02:32 Matt Concordia
Now that we took that low.
01:02:35 Matt Concordia
The Wick of the weekly candle. This is the Wick like this is the.
01:02:37 Matt Concordia
Low of the week right here, right.
01:02:40 Matt Concordia
So the WIC is starting in here. We just have a little change in stated delivery after taking out a taking out these lows.
01:02:47 Matt Concordia
So if I was trading in London flows here.
01:02:50 Matt Concordia
I'd be looking at this personally. Looking at A at a long from this level, probably up into this high up into this level here.
01:03:05 Matt Concordia
There we go.
01:03:07 Matt Concordia
But again, not enough room to be playing that for, in my opinion, for.
01:03:11 Matt Concordia
Me.
01:03:12 Matt Concordia
But yeah, you respected that inversion gap order block actually came right there. Rejection block actually even right here.
01:03:22 Matt Concordia
Right to that target.
01:03:25 Matt Concordia
That was it. That's that's the end.
01:03:26 Matt Concordia
Of the week.
01:03:28 Matt Concordia
Didn't get any trades? Fortunate, but.
01:03:32 Chris Gonzalez
You know it's.
01:03:33 Matt Concordia
It That's that's that's how it is. That's how she goes. But there's I think there's some good lessons, you know, maybe this one. Honestly, this one I probably could have caught short. I was just not looking at the the long as I was really anticipating was going to get up to here for the TGIF. But it did hit the 50.
01:03:48 Matt Concordia
Sorry, the 20% of the retracement, but this is this, this style I really like typically right is the high of the day. You have high of the day you're operating at high of the day. So you should be looking at shorts at at.
01:04:01 Matt Concordia
High of the day, right? We shouldn't be looking at longs, which is what we were looking at with the bias that it was going to go up higher, but it just goes to show you like men, a lot of the times, like when you're at high of the day.
01:04:11 Matt Concordia
Not a good time to to be looking for longs typically.
01:04:14 Matt Concordia
Right.
01:04:17 Matt Concordia
So I know.
01:04:19 Matt Concordia
Traffic, traffic, traffic just making lower lows up and down into the the major liquidity. So this is a classic play for me. Actually this is a market maker sell model. So I just completely squandered on this one.
01:04:31 Matt Concordia
But all good.
01:04:33 Matt Concordia
It's it is what it is. I'm getting pretty tired now. That's 10/13.
01:04:37 Matt Concordia
I guess, like, yeah, should. Should we call it?
01:04:41 Chris Gonzalez
Should we call it a daddy? Yes, guys.
01:04:44 Matt Concordia
Yeah. Thank you guys so much for Jordan. I hope you got some value out of this at least next time, Chris, you're going to be running the show here. So yeah, my man, thanks for being.
01:04:55 Chris Gonzalez
All my my best to.
01:04:58 Chris Gonzalez
To make at least a couple of days.
01:05:00 Chris Gonzalez
Going. That's it. I'm well.
01:05:03 Matt Concordia
Yeah, but still get one trade at least, man, maybe who cares, damn it or.
01:05:08 Chris Gonzalez
Or or being the first one I think it.
01:05:12 Chris Gonzalez
Might help beat the most exciting one for all of you guys, but I promise you that if you're learning or it's your, or if you have.
01:05:12 Matt Concordia
Right.
01:05:22 Chris Gonzalez
Meaning the game or a while.
01:05:26 Chris Gonzalez
You will see value in a little moments that we had in this conversation.
01:05:31 Matt Concordia
I think so. I hope so. That's that's the ultimate goal, is just to make it so that.
01:05:33 Speaker 3
Yeah.
01:05:36 Matt Concordia
You know, it's just another resource to learn from and it's like, you know, we're doing all the testing live like we're, you know, we're.
01:05:41 Matt Concordia
Going to make mistakes and.
01:05:42 Matt Concordia
Whatever best tool? Yeah, with the best tool in the world FX replay. So make sure the side up. Make sure to sign up. Guys, we have a lot of stuff coming out of the special things coming and a lot of updates to the platform that are going to be unbelievable.
01:05:43 Chris Gonzalez
That's cool.
01:05:56 Matt Concordia
This year, so I really hope you guys are fired up because I sure AM and I know Chris is. I know everyone.
01:06:01 Matt Concordia
Is on our team.
01:06:01 Chris Gonzalez
So yeah, every time I get a sneak.
01:06:05 Chris Gonzalez
What we're going to bring, I can sorry, I almost we're super.
01:06:10 Matt Concordia
Excited. It's all good. It's all good. Yeah, though. Likewise that it's. It's super exciting to see. And like, we have just such a phenomenal team. So, yeah, I'm excited. Stay tuned. And definitely again if you if you are try it out. We have a 5 day free trial. So check that out.
01:06:25 Matt Concordia
And we will catch you guys in the next one.
01:06:28 Matt Concordia
You got cheers.
