He HATES Fake Gurus... Steal His PUBLICLY TESTED Strategy (3-Years Live Proof)

0:00 I have a 70 plus% win rate. That's my win rate on my track record if you go check it. 70%. Not only back forward tested. This is something that's proven and you can go and try it out yourself just using those two candles. >> This is Harry Sharp and for the past 3 years he's done something that almost no trader on the internet is willing to do. He's traded live on YouTube for the entire world to watch and documented every single trade he's taken just to prove a point. every decision, every entry, every exit publicly documented in a trading history that anyone can go back and verify. And according to that public track record, Harry has consistently generated five figures a month using a strategy that he spent years developing in front of a live

0:47 audience. >> My strategy is involved with allowing the market to allow me to buy at the highs, which is contrary to popular belief, and also buy from the pullbacks. I started where you guys started. I built this, tested it, got results from it. People who [music] claim that they know how the banks work and all of this, they've never worked at a bank. They don't know how that looks. >> But here's what makes Harry's story so interesting. After 3 years of publicly documenting his trading, I expected the strategy behind those results to be incredibly complicated. But according to Harry, the more he traded, the simpler his strategy got. In this episode, Harry's breaking down the surprisingly simple three-step strategy behind his remarkable trading record and showing us exactly how it works on real charts

1:32 making five figures a month. Nothing in this video is financial advice. Past performance doesn't guarantee future results. Now, let's see what Harry is made of. Harry, you brought a strategy here to me today that you have traded live on YouTube for three years straight. complete track record, all on the internet, all verifiable by anyone who wants to go look. And you're telling me that this can win the Robin's World Cup of Trading. >> Indeed. >> Now, you have to prove it to me. >> All right. All right. I break down my strategy into three sections. It starts with the story and the bias. Next, we talk about the zone, and then it's the actual strat. And we have to start with the story and the bias because this is where everything stems from. I find it

2:19 like a super big misconception in the industry where everyone's focused on this section right here, the strategy. What is the entry strategy? How is this trader entering? But if you realize that is the second last step that a trader will do. Because once you've done everything, you press the button and then you close the trade. You either close a takeprofit or it hits your stop loss, break even, whatever the outcome is. Those are your last steps. We don't focus on this side. So this side of the equation is actually where the majority of your trading is done, right? And a big part of that is also patience. But the actual entry, it's not much to do. You click a button when you see something, click a button when you see something else. That is as a percentage is probably like 5%. >> So we start off with the story. Now I

3:05 put story/bias because we want to have a directional bias. Coming to the market and not knowing or having a bias of what direction the market should go in is already putting you at a disadvantage because you could be a seller down here, a buyer up here, a seller here. But when you have a directional bias, every pullback's an opportunity. Continuation could be an opportunity as well. And you look at the market in one direction, right? Like it it looks in one dimension. It's a really easy way to do it. I've drawn two candles here. This is a daily candle and this is a 4hour candle. These two candles are already going to set up my bias on a technical standpoint. Okay, before this I tell a little bit of a story. I tell a story before and I tell a story after. I first analyze and I do this work on a weekly

3:52 basis the fundamentals coming into this week. So I can have a small fundamental bias but I'm not trading the higher time frames. I'm an intraday trader scalper basically. So I tra I don't like to call it intraday. I made this new word up in the trading industry. I call myself an intra session trader. >> So we have a trading session the London session the well starts with the Asian the London the NY and then NYSC and then there's also power hour session as well. >> Well Harry so you said you made this word up basically or conceived it intraession. So you want to make a clear distinction between intraday and intraession. >> Why is being specifically intraession not intraday important? Very good question and it all stems down from the 4hour candle here because as I said

4:38 these are going to be a technical way that I determine bias and a day is not only one 4hour candle one 4-hour candle will normally show a session right so one 4-hour candle could be the New York session right you'll have four hours of trading four hours of trading London now I'm not sitting at the charts for I actually sit at the charts for about an hour and a half because I have a life And I want to have a strategy that allows me to take my piece, walk away. If there's nothing for me, I don't touch it. The more time I spend at the charts, the more variance that can happen, the more I waste time, >> the more I want to do things that end up ruining my P&L. >> So, let me take you back to these daily and 4our. These two candles can give me a lot of information for just two

5:24 candles. probabilities ran over many times of me back testing this as well as forward testing with all of my experience. If you have a previous daily candle the day before closing bullish and before your session the 4hour candle is also closing bullish there's a higher probability chance that in that session it will be a bullish session. >> So just to be clear the previous day closed bullish >> and the most recent 4hour candle of the current day >> closed bullish bullish. Yeah. Not the one we're in, the one before that. Because the one we're in is still open. That's the session we're trading. So, it's the one before your session. If those two close in the same direction, very high chance that that session, you can have a strong conviction that there should be some upside. >> The session you're currently trading

6:10 will have some upside. >> Why specifically? I know it's anchored to the session, but how or why specifically daily 4 hour? Why not daily 1 hour? Why not daily 30 minute? because I want to capture what has happened on a daily basis and what's happened preession and 1 hour is not enough to tell me what's happened preession >> but four hours is enough to capture what's happened in London and it's giving me preession idea >> so if we break it down and actually look at the core of what this is coming from it's telling me what previous day did and what previous session did >> but I can use that information in a very simple way right without needing to have something complex now that is kind of biased but it's not telling story that gives me a head start. If these candles are both bearish, so we have a bearish

6:56 daily, bearish 4hour, it's going to be more likely a bearish session. >> Now, here's where it gets a bit complex because sometimes you're going to get a bullish daily and a bearish 4hour. That is what I call a mixed bias, right? That means the bias is mixed. And this is where the importance of a story becomes. Okay? So, the story always starts from the weekly time frame. And we need to tell a story because in a mix we can argue both. >> We analyzed the 50 most successful traders we've ever paid out trade by trade built on more than $5 million in real payouts. Then we sat down with four of the best traders in the world. And on November 24th at 8:00 p.m. C, we're leaking the strategies of the top 1%

7:44 live and completely free. And there's one surprise only for people who show up live. Save your seat at iqap.io/masterclass or check the link in the description for more details. Remember, it's free. So, the daily candle is always going to be a little bit stronger. So, if the daily candle closed bullish and market structure everything looks good, next daily can probably close bullish as well. But the issue is is that I'm not trading the next daily candle. I'm trading 1 hour. So I need to get really accurate and the way I get accurate is I start from the weekly time frame and I want people to think about the market like this. Imagine right the higher time frame many people tell me hey the lower

8:30 time frame builds the higher time frame. >> Tell them they're wrong but they're like no first the lower time frame candle happens then the higher time frame closes. I said yes in essence but I want people to think about the higher time frame as an instruction manual that is instructing what the lower time frame should build. >> Okay. >> Mhm. >> So I have to go back to the instruction manual because I'm not going to start with the pieces. I'm going to start with the instruction manual. So I go to weekly. I want to see where the weekly is. What is it looking like? >> Do I have bullish market structure? Like imagine this is a weekly time frame. What we're looking at right here. Is my market structure bullish? >> Mhm. >> Yes. This would be bullish. I can see clear uptrend. Higher highs, higher lows. >> And Harry, just to be clear for let's say someone new is watching. Yeah. >> To your trained eye, this is bullish market structure. >> Yeah. >> But how could someone who is new

9:16 understand that this is bullish not chop or do you have a simple rule for determining market structure? >> Super easy. So we're going to draw it. This is called your upward staircase. It's called your downward staircase. And this is called your box. Okay. So an uptrend is normally consisted of higher highs and higher lows. Meaning that when you see the zigzag on the chart, you'll see that the highs are higher than the previous one and the lows are higher. >> For a downtrend, it's the opposite. The highs are lower, the lows are lower. Whenever you can't define that and it looks like a zigzag, >> it's chop. >> Mhm. So this is the simple rule that you'll use. >> Simple. I mean, it's more visual. You'll get to to as you get more experience, you'll just be able to spot that super easily. Mhm. >> Uh and it's super basic thing, but uh if

10:03 this was a weekly time frame, I could now identify that we're moving up because look at these two points here. We're moving from one section to the other. We're moving up. So weekly is telling me we're moving up. Okay. Now, I go down onto the daily time frame. I see where we are daily. Okay. Now, this is super important where we are on daily cuz I want to see what we're doing on daily. If we're all the way up here and we've had this massive rally, rally means that market is pushed up. I know that as we get higher, buyers buying is going to get a little bit more risky the higher we get. >> Y >> how can I use confidence that I can continue this? I can use confidence from the strategy and the zone which we're going to talk about next. I can also use confidence from the story of hey fundamentally are we still bullish? You

10:50 know, is there a lot of driving factors? Maybe we're on NQU and video earnings are coming or we got good numbers something. What is my driving factor that I can trust buying up here? If not, I need to start to proceed with caution. The easiest way is what these lines are is as I'm going down these time frames. So on a day-to-day basis, one weekly time frame you need to look at once a week. Daily time frame you look at once a day, right? Because that that's when the daily time frame change. I start to mark my simple horizontal lines. This is going to give me a little bit of a map. Okay. And it's a basic way of trading. Support and resistance they call it. It's I'm just marking horizontal lines of where I want to trade. >> Okay. >> Okay. So, I want to know now if the market's all the way up here, I don't

11:35 care about marking this cuz I'm trading up here. >> Okay. But I just drew this to kind of show you that as I'm going down, I'm marking where's my daily resistance. As you can see, we've broken out of daily resistance. Let's switch this back to a 15-minut time frame. 15 minute and 5 minute is where I'm actually going to be entering. So, let's say this is on a 15-minut time frame, right? So, let's say we're on that 15-minut time frame. I can see if we were here when we started the session, I'm at a major problem because I'm at a daily resistance. >> So, being a buyer right here is really silly >> because this is a question mark. Are we going to be able to break through? Is there going to be enough buyers? And you know we can look at the JS and stuff like that which is you know more com uh complex tools you know uh dipping into gamma and stuff to see hey is that going to be a market where we can push through

12:21 but we don't need that >> okay >> right because well people can use it everyone each to their own but I never needed it because I'm able to use this whole strategy without needing to use extra tools and keep it simplified because the simpler something is the less I have things to go wrong because one big misconception and this is something that's pretty cool to think about is when we add more things to the strategy, more confirmations, more indicators, more confluences, we actually add variance to our trading because each one of those factors has a probability. So the less we add, we only have to control a few variables >> because trading is a game of probability and statistics, right? And we have probabilities on each one of

13:07 those variables. Now, you could add more variables in order to get better outcomes, but those variables all have their own probabilities. So, what you're going to find about my strategies, my strategy is involved with allowing the market to allow me to buy at the highs, which is contrary to popular belief, and also buy from the pullbacks. >> Where the market is, I want to capitalize. If today is going to break out to the upside, I'll take the breakout to the upside. If today wants to pull back, I will take the pullback with my specific setup. So we come back to marking the time frames. We want to start to understand where our different levels are. So on a 15-minut time frame, we can see we have levels here. This would be a resistance, right? Because what we would have in a resistance, it would we would have potentially two bullish candles,

13:53 something like this. And then we would have two bearish candles. Those two bearish candles would create a resistance here. We mark it on the bodies here. Rule of thumb, say, I'm buying today. I don't want to buy at this resistance. I want to buy the breakout. Right? If price wants to break out, we're going to explain that through zone and strat how we know. And then I can just take a simple trade. Happy days. Make money and we're all happy. So let's actually move into zone here because you know we'll be able to show a lot on the charts as well. Uh but into zone this is mostly related to market positioning. So this is story relates everything it adds to each other. So the story is that we've kind of built today that we're bullish, right? Market's moving up, 15 moving up.

14:38 So we built a story that we're bullish. Now we go to zone. This we have to find where we want to trade. If we're at a daily resistance, I can't take buys. So what am I going to look? I'm going to look for price to fade that daily resistance >> and then take buys after that. >> Okay? instead of taking the sells up here because now I add variance to my trading because I'm selling against a bullish >> market structure against a bullish bias >> because what what could it do if it doesn't pull back from that zone it might break out. >> So I need to identify where's my zone if we do decide to break out where's my zone if we decide to pull back and how that zone is built off is it's built off clean range because I want to see where price had volume and in the past it will look something like this. So we might have a move. So we will draw basically

15:25 two options here. We'll have option number one that looks something like that. And then it's I know it just looks like a line. Bear with me. And then we'll have option number two that looks something like this. Okay. Now option number one is we're trading maybe even a week in advance. But when I scroll back on that 15-minut time frame and I've done that on the 4 hour. What is this? This is clean candles. This means it's just bearish bearish bearish movement. huge clean range. There's nothing stopping me. There's no 15 resistance. There's no 4 hour. And I know in this zone, I can find easy trades. Why? Because if it was able to move clean in the past, there's a high chance it can move clean in the future. >> Mhm. >> So, I can capitalize off this zone. And if we're bullish today and there's a clean zone, then I know that in this

16:11 zone I should be trading. And anything that's created before is going to be what I need to see to be my entry strat. So the clean zone is these moves that basically have conviction behind them that just go from >> start A to B very quick. >> Yeah. And it doesn't have to be quick. It just needs to not make supports and resistance in between. Got it? >> So it can't be like something like this and then go up and then come down then go up then come down. That's not a clean zone. That's a messy zone. >> Right? So if I'm trying to take sells here, I'm going to get stuck because maybe it bounces off here. Maybe it bounces off here. Maybe it bounces off here. That's how traders get trapped. Right? I'm not trying to get trapped. I want to follow what the market is doing. >> And the way I'm going to follow it is follow the path of least resistance. Probably heard that saying before. >> And it's the same in in my strategy here.

16:57 >> Okay. So that's the zone. The second thing is going to be something called market positioning. So that means where are we in the market? What we need to see here is we we basically need to to see price, right? Once we create a clean zone, we need to see price be in a good market positioning. What I mean by that is on the daily and 4 hour time frame, those are remember those two magic time frames. >> Are we at the top of the range? Have we reached the resistance? >> Okay, >> so if we're looking for buys, have we reached the resistance? Because if the daily resistance here and I'm trading here, >> it's game over because I don't have much range. My prime buys are here. This is the most discounted buy somewhere down here, which I can take if I'm there. Then the the buys here get a little bit less discounted. And then the buys up

17:43 here get even more discounted. And now once I reach the discount, I am doing something cowboy. And I'm like, okay, let me I'm desperate for a trade because we're at very tough level. >> If an uptrend is going to happen, look what happens in an uptrend. We respect lows and break highs. >> This zone will eventually be broken. >> But I'm not asking the market that. The market has to show me that. And if we're on a daily time frame, the only way it confirms that is the daily leaves it. So, I need to come back tomorrow. >> Really? >> Yeah. >> Okay. >> Because if we're there and the daily hasn't passed it, I need to come back tomorrow. >> So, even if it breaks on the 5 minute, 1 minute, doesn't matter >> because it's it could fake out. But here's the cool thing. >> If it's a mix bias, we're not bullish today. I can sell from up there because

18:29 that's a resistance point. So, I'm not worried about that. So, if we have a bias where I'm like, look, we've actually been moving in a big downtrend and this has been the retracement of the downtrend and now we reach a resistance. maybe 3 days I've been taking buys but in the big picture we're in a downtrend. Now I'm back at a zone where I can get involved in the sells again. I get prime sells >> and and you so it doesn't mean that you don't get to trade but there are some days where everything's bullish and you're at a resistance and you don't trade, you know. >> So so then let me ask this specific sequence right here. Let's say daily bias >> Yeah. >> is bullish. You would want your longs down here, right? >> Yeah. Here or in the middle ideally. You know, most of the time you're going to get in the middle because by the time daily candle close, you're going to be in the middle. But that's just as good because it's more confirmation because

19:16 you're getting conviction. Remember, I'm only looking to take 50 80 points. >> That's like the size of my move I'm taking on. Let's say NQ for example. >> So 50 to 80 points. I'm not asking too much from the market. I'm not asking a,000 point move, 800 point move. So I don't need to be right in from here. But being right in from here is a strategy I can use when I actually enter on the 15. Here we're talking about the daily >> and for so you'll get to the trigger then we get here. So, and then just for this sequence though too, you're saying mixed bias means >> up here at resistance could be a sell opportunity, >> right? And what if what if [snorts] this happens in bearish bias? >> Then obviously this is prime area for sell. This would be upside down. Imagine I flipped the board upside down >> and then this is where we were. Then

20:01 you'd be taking that's a prime area to sell. You add a resistance and look now we have all this room to cover now because we just built that. So it's like okay this is sick. So let's talk about the juicy stuff, the strategy. So I'm going to draw the strategy here because I don't want to reach all the way over there. >> Okay. >> And uh >> makes perfect sense. >> Yeah. Yeah. [laughter] So the strategy what we need is this is essentially allowing me to see if there's going to be continuation or do I need a pullback. We already identified in the last step that high chance there's going to be a pullback as we're approaching a higher level. But the number one thing is going to be some form of liquidity. Okay? So I'm going to put that L IQ. When we're talking about liquidity,

20:46 what that means is the market creates liquidity in a few ways. It either does these quick dips normally below sometimes previous levels. So if you have a level like this, market will kind of dip below that level. Okay, this is where bias keeps you safe because when market this is where everyone, oh break structure, I'm going to take a sell. Bam, liquidity grab, right? Some people call this trap trading. I've heard that term before. But if my bias is bullish, that's opportunity >> because I identified bias. I know there's a higher chance of going up. And if it ends up going down today, I don't take a trade because my bias was bullish. And I just find out I'm wrong. But I don't even lose money for finding out I'm wrong. How good is that? That's like next level. Okay, went down. I was wrong with bias today. Let me go see why I was wrong with bias. >> Mhm. >> Maybe some speech comes out, random

21:32 thing comes out, market dumps. Okay. But if you're right with bias, let this pull back. So liquidity either it's going to take it from a previous level wicking the level. The number one part of liquidity is structure man. Structure if you go and look at like this is called a balanced market. When market trends it's called imbalanced. Okay. >> I I like an imbalanced market. I want the market imbalanced. But in order for a market to transition to an imbalance having balance is good >> because that's where we have ultimately not essentially but in theory not you know we have equal buyers and sellers why they call it balance staying in the same zone >> right >> that structure creates liquidity accumulation of orders a battle between buyers and sellers and someone's going to win >> using the story zones we kind of can figure out who's going to win

22:18 >> but this structure is creating liquidity if we get a little liquidity grab from the bottom like this happy days >> we'll take What we're looking for is we're looking for price to break this structure. And in this situation, I'm going to be talking about uh 15 and 5 minute. Same on both. Just clicking time frame. Higher volume times, I'm going to drop to the five. >> When price moving a little bit sluggish, go up to the 15. Okay. More confirmation. So, when we get liquidity, what we look for is then we want to see price closing above that structure level. Super important, right? And a structure has to be defined by having essentially we could have one bullish, one more bullish. And we

23:03 need in essence it's technically one bearish candle, right? One bearish candle would be a structure, but I want two bearish candles minimum. And the more structures that's created like essentially a range where we have a range like this and then next one closes bearish terrible drawing and then bam then we get this big candle breaking out like this. Draw it like that. That's what I want to see. That's like okay man that's sick. You know like price accumulated. It tried. Sellers failed. Sellers were getting absorbed. They're just failing failing failing. Bam. It closes above >> and that's like your green light. >> This is a long >> That's a long. And where would this long be taken? >> This long would be taken once we break

23:49 out of the structure in your zone because on the left here we have clean candles. >> Yep. >> You know, so how now we need to come back to liquidity. So liquidity in the range. And now this is the the source. >> Liquidity happens on many scales, right? We're looking at a let's say here 15. >> What I need to see the next candle do to give me that. And I have a viral video 2.2 million views. uh and I used an example to to show this and it was how I see liquidity and I said think of liquidity as a rubber band. Price goes down and pulls the rubber band back and lets it go. That is the spring I want when I take an entry. I want to be loaded in that slingshot and then let

24:34 the slingshot go. I don't want to be the guy who enters and gets stuck. So the way I'm going to do this is I need to see when this candle closes above the 15. So, we have structure. The candles close above the 1505. The next candle, this candle has to have a top wick. That gives me a high. The next candle needs to go down. Doesn't have to tap the range. Doesn't need to. It just needs the bigger the bottom wick, the better. This candle goes down, grabs liquidity. That's that spring loading up. >> And it's proving to me this the last chance for sellers to give their shot. Last chance. >> They either take it or leave it. If the sellers win, I never get triggered. >> But that's the last chance. As this flips, bam, breaks the high. >> That is where my entry comes. And man, then you get like this nice

25:20 push up here. Stop loss. You'll be able to put below that candle that close above. You can even optimize as you get more advanced. >> I to get better risk-to-reward, I can start to optimize stop losses below structures within this candle. >> Y >> but as an essence, just put it below the candle, you'll be okay. And I feel I can't wait to see examples of this on the chart >> as well because we'll be able to dive into some of the logical decisions you make. >> Yeah. >> But >> what can make you not take a trade inside of this structure right here? We have 1 2 3 4 5 6 seven or eight candles. Can this go on for a long time and then actually have this trigger condition that you have here? Yeah. >> Is there anything that calls this off or

26:05 breaks it completely? >> Session timing. So, I want to be in volume time because I want to be when the traders and and institutions like NYC, they're all active. >> Mhm. >> So, I want to have a good push and I can actually take these type of trades right at the New York Stock Exchange open. Literally at the open. >> Get massive candle, one candle straight to my TP. open comes because if it does this single liquidity candle that I just explained to you at the open, you won't get that situation in the open where you have a scenario like this >> and that that scenario is because this didn't happen. >> Got it. >> And that's how I know that this was going to be a fake out. >> So this wick lower wick back you said back down into the range >> anywhere. It can be on top of the range. It doesn't it just needs to happen. >> So a lower So the lower wick doesn't

26:51 need to come back. No, it can happen anywhere as long as it's something. >> The deeper the bottom wick, the juicier it gets. You're loading a bigger spring. >> But that's you're just trying to see, okay, does does price fail? >> Mhm. >> Because what it'll do normally is it'll open it won't really make a bottom wick. It'll make like a what I call a nipple wick. >> Yeah. >> And and it'll break the high, trigger in all the buyers, and that'll be the liquidity to come back in the range because it's not ready yet. It needs more orders. And if we end up doing this as a fake out, okay, like this. And we drive back to the bottom of the range. Cool. Going to buy back up. >> Got it. >> You know, and I've not been involved here. And that what's allows me to trade if today's going to be a continuation way and if today is not going to be and

27:36 from following based on seeing and you just need like this is where I need to be honest with people. They need to show up to the charts. You need to view this concept. Okay. I know people use like uh gamma and stuff to be able to see if if today's going to be a continuation day or not a continuation day. Uh but you can find I would say better success from actually understanding story zone and this type of action how prices grab liquidity. Once I show you examples this will all click. So you'll really understand. You'll be like oh my god. Okay cool. >> [laughter] >> uh and uh and basically that tells me enough that tells me enough if that today is going to be a continuation day or if I need to take from the pullback you know and uh and yeah wait for a

28:23 close above if this fakes out I'll be able to take buys low I get even a better entry and I don't need to worry about buying the highs there so 15 minute 5 minute range creation some sort of range close above the range breaking the high bottom wick bam you're in where do we target, right? >> Mhm. >> Now, here's a cool statistic. I wanted to talk about risk-to-reward last because it's something that's, you know, I have a 70 plus% win rate. That's my win rate on my track record if you go check it. 70%. >> Mhm. >> Uh 70 something. I haven't checked it probably maybe 73 or 75 >> with what RR >> with mostly one to ones. >> One to one 73. That is a wonderful edge. >> Yeah. >> To be clear. Yeah. You know, and I

29:09 wanted to talk about RTR last because it's very risky. Everyone's like, "Okay, I want to risk less and make more." >> What if the market doesn't give you more? You I'm here to make money. If there's money on the table, I want to take that money. >> I don't want to ask the market if it wants to give me more. If I have a position with better market positioning, and this is what I mean, we have depth in a strategy. If I have a uh you know, a position with better market positioning, we're lower in the range. Yeah, I'll let it run. Mhm. >> Of course. Sometimes I take two entries. Take one to pay me, one to see where it goes. >> Yeah. >> But why do we want to target one to one? The volume of this candle that actually gives the breakout statistically the next candle a lot of the time obviously 70% of the time uh will give you the

29:54 same amount of volume. >> Really? >> Yeah. The candle that actually that's why I told you get you'll get away with stop loss yen. That's how I told you I can put my stop loss higher. I can get away with better riskreward, but as a simple strategy, keeping it below here, which is what I did for most of my career, um, is what helped me. >> So, you're saying pretty much for anyone who might want to try this strategy on this first breakout candle, stop loss under the low, is there a specific number of ticks below or just >> wherever the low is? >> Okay. Now, this candle is very important how it breaks out. Yeah. We can't close super deep above and we can't close a candle that looks kind of dogey rubbish like this. Like the next candle, the previous candle closed and it looks really weak. Convicting candle. >> Mhm. >> Strong candle, not too high above, not

30:40 too low below. And you know, it can still be a little bit above, but you have range because if you have a resistance right here, it's very close. A lot of people are scared to trade to resistances. Again, on an uptrend, you break highs, you respect lows. So, if there's space here, even if it's less than where my stop loss is, and I'm convicted with the story is bullish, I'm going to go to break through that zone. And if it doesn't, I get out break even. We have the power of break even. We have total control if we're in profit. >> You have the choice to take the profit. You have the choice to close at your entry. You have the choice to let it hit your stop loss. >> Got it? >> You know. >> Mhm. >> The way we know if we're buying at highs, right, or waiting for a pullback is number one, bias. If bias is bullish, we should be able to continue. Mix bias. If we've already had a push preession, look for the pullback because that's our

31:27 market positioning now starting to come up. So, we had a push preession, just wait because we pushed precession. I'm going to show you examples. Okay? If we if we didn't push, let's say London range. So, we had London range and then maybe it pushed up a little bit range here, NYC, bam, we take the continuation bullish bias. Okay? If London pushed and trended, I'm waiting pullback because New York most of the time they want better prices. Okay? And if price does continue, then you can wait for another structure to form and try to continue it again, you know, because then you're in an unbalanced market. Market's trending, follow the trend. But you need this structure because this structure is going to give you the confirmation that that breakout's not going to be a failed breakout. >> And you know, Harry, real quick, too, with the target. Yeah. >> Did we specify exactly where that goes?

32:13 >> Yeah, that's a good point actually. So one one is good. >> Yeah. >> The other part is going to be your next level. So it might be a 15 resistance. Don't need to really mark 5 minutes too much. Uh but 15, 1 hour, whatever comes first. That's going to be your best target because that's going to be the end of your trading zone. >> Got it. >> And that's it. >> That I would I cannot wait to see this on the chart because >> uh practical examples will really help tie all of this together. >> Yeah. So, let's hop on that and I'll actually show you two examples. One example of the exact trade I took yesterday in the NY session, so that'll be nice and fresh. And also one that uh the guys also took an Asian session. Unfortunately, it's 3:00 a.m. Asian session for me, so I'm sleeping. But it's nice to see them back toback.

32:58 >> Yeah. Well, we're in Asia. Why are you >> No, we're not in Asia, bro. >> Where are we? >> In Dubai. >> Yeah, but this is in Asia, right? >> No, it's not. It's in in the Gulf. >> Ah, okay. Harry, no more theory. It's time to put what we preach into practice. >> So, show me some examples. >> So, I pulled up a chart here. will actually get to replay the trade uh using this software here. So, we'll start off with daily time frame, right? We need to tell the story from the higher time frame. It's what we talked about. >> So, I'm going to use horizontal lines to save time. I'm not actually going to write it out, but normally what I do is I double click this line and I actually name it and I'll put uh text. I normally do top uh right and I'll put this as DR for daily resistance. So, I know what

33:44 it is. Now I see your horizontal line here. You're calling this daily resistance based on what level exactly? >> So I always look for the most recent. So we can see that this candle closed bearish here and I mark on the bodies that this is the resistance. This candle's still open. That's the day we're trading right now. >> Okay. >> So I'm going to mark this as daily resistance. Remember what we spoke about market positioning. Yeah. >> Now we're at that resistance. So buying highs here going to be hard. >> Now you're marking this level. And look, when a lot of traders mark resistance, they would probably put it all the way like up here or something. >> Now, yours is here on a specific structure where you have a green close and then a right after a red close and it's like forms a pivot. >> Is that intentional?

34:29 >> It is because that is actually where price closed. The wick is the highest point in the candle. The bottom wick is the lowest point in the candle, but the actual closing price where it settled is there. So, I want that price. >> Okay. And this is how you always mark resistances then. And just to be clear too, >> you know, the same thing happens down here. >> Yeah. >> Right. So would this have been resistance? >> Yep. Exactly. And you can see, remember, look, the daily closed above resistance. Look at the price action. >> Daily closed above resistance here. And the next candle came look to the left. Yep. >> Clean candles. We spoke about that. >> Closed above, filled the range to the next resistance. It's the same concept and it's happening from daily. >> Okay. Yeah, like that's right in front of us right there. So, we do the same 4 hour, but I want to start telling the story. So, daily at resistance. Now, we

35:15 look at our session. Previous 4-hour close, bullish. Previous daily bullish. So, technically it's a bullish session. Right now, we've just liquidity grabbed the lows. >> Okay. >> Okay. So, we built a range on the 4 hour. 4 hour is going sideways, but ultimately we're a little bit more bullish, right? Coming from the bottom of the range, we're trending upwards. We can see some structures and we just liquidity grab. 4hour is not trending below. We have 4hour candle bullish and the 4hour candle is doing what? We're sitting right here back inside the range. This candle hasn't closed yet. We're still trading it. It's an open candle, but we're back inside of the range and we've just liquidity grabbed the lows. >> Mhm. >> How do I know it's a liquidity grab? >> Because it went below, >> wicked, and is now back where it is. >> Got it? >> Like a spring. So 4hour time frame we

36:02 know that on a 4 hour our resistance is all the way up here. So if this was to flip again, we haven't tapped resistance. That becomes range, right? I have range to trade now. 1 hour time frame, right? When we go down on the 1 hour time frame, look where the 1 hour is. I have range, right? It's clean here. 30 minute time frame, I go down. What do I have? Range. So we're going to actually zoom in here and get really because this is where we're focusing on trading now. So from the big picture down, I I identified that our session was bullish, but we're sitting at daily resistance. So I didn't really want to be a buyer. This was New York open. Okay? And we're actually going to investigate New York open. So I'm going to tell you the story here and we're going to look at this entry broken down. So that was NYC open. We can see it

36:50 liquidity grab your highs, your breakout traders lose. Why? No close above, no bottom wick, right? That's your resistance. This is how we came to the session before the open, right? We were moving up bullish session. I told you bullish bias. >> No, >> we were above daily. Remember what I said in the examples. If we're sitting above daily, >> if there's structure, we can take buys, but we don't want to trade till uh after the open or you can trade at the open. At the open, what happened? Nothing closed above. We created the structure, but we didn't have the close above, right? Instead, it wicked. >> This is where you catch your um breakout buyers >> and then it comes back down. >> This is all discount. And and if you could mark maybe with a vertical line exactly where the open was. >> Oh, okay. Sure. >> Yeah, >> the open was exactly.

37:36 >> Let's make it like this here. Let's change the color and let's go to yellow and dotted. >> Okay, >> that's the open. >> Got it? >> So, that's your open candle on a 5m minute time frame. Okay, if I move this line for one second, you can see it liquidity grabbed and then came down. There's actually a way to sell this uh but that's you know something a little bit different but the main thing is I'm following my bias which is to look for buys. So my main theory today is bias. Y >> okay what do we do? We come all the way down here heavily down. Okay. And this is creating what? Discount. >> Okay. I don't want to buy until I see some sort of range. Right? That range could be a few candles but the bigger

38:22 the range we build the better. So we build this range here and then this range now becomes what I was talking about the liquidity. Not only that we have the lows of the range here that we liquidity grab. Remember I spoke about that little like rubber band as well. We came below it can do that. Doesn't have to. But this is all here. >> Now I want to walk you down the time frames to show you that's our resistance. How much confirmation we have. So even from the 30 minute we now have a 30 minute rejecting the bottom of the range. Here's the bottom of the range right? That's your support. It respected the support. Support is a red candle followed by a green candle. It closed bullish telling me, "Hey, I'm ready to follow your higher time frame picture." Everyone here is looking at sells. >> Yeah. >> 90% of people because they forgot about bias. >> Mhm. >> Right. They're looking for for cells here. >> And if you could move your mouse there

39:08 so they know, right? >> They're looking for sales because market right then is just dumped all morning. They're like, "We can get massive breakout. Let me show you what's what's behind this level." >> It's just like freef fall. They're like, "Bro, I'm going to break out." >> Yeah. >> Okay. I'm here saying if it wants to break out needs structure. Remember my rules is structure first. No structure here. If not, I want to be a buyer. So 30 minute does what? Closes bullish. 15 minute does what? We have a small structure change. It's not two candles but we have bullish bearish bullish structure change. >> Yeah. >> And we want to be more accurate. We drop on the five and that's where that range is created. Right? That is that range here. Look this is this range right? That is that whole range that we created there. And that range is what excites me because in this range once we get that

39:54 candle close above, that's where I can look for my buy. And this exact buy I took yesterday, as soon as we broke out here, I put a buy stop at the high like this. And I'm going to show you something cool. Okay? Because you'll see what happens. Okay? So I buy stop the high like this. I always use a buy stop. So my order set, right? So, we're going to bring back the orders here. Let's just put 10 and we'll buy stop like that. And then I need to bring out this here on piplab so I can have this. So, we'll play the candle so we can actually see how it moved. So, this came here like this. I had a buy stop at the high.

40:39 Remember that bottom wick we talked about? >> Yep. >> That's that bottom wick happening now. Very important, right? So, bottom wick happens first. I need to see that. That's that >> important step. So I sat here, waited, okay, waited, waited, waited for my order to be triggered and it came very close here as you can see. So that's all I do. I wait for my buy to be to be hit here. And what ended up happening is if I speed this up a bit, is the five minute ended up closing bearish. That doesn't invalidate my entry. I'm going to show you why. There you go. Five minute close bearish. But what it did close is it closed bearish above the range. >> Okay? >> So if that candle was to close back in the range, invalidates my trade. And

41:24 that's why I want to show you this example because if someone's waiting for a breakout and the next 15 minute close back in the range, remember that invalidates the breakout. >> Okay, >> it's done. But this didn't. Instead, this is just showing me more confirmation because if we draw this, okay, and I'm drawing with trackpad, so forgive me. But if we draw this, this is that fivem minute push up here. This one here, that's the five-minute push up. Then we pulled back. Then it the then the fiveminut pushed up again. Then this 5minute candle pushed back and then did that. That's where we are right now. >> What is that? An uptrend? >> Yep. >> Does that invalidate my trade? No, it doesn't. So this order is still valid. Secondly, if we went to the 15-minut 15-minut still closing bullish above that range, right? We still have that

42:10 bullish close. on 50 minutes till the valid trade. So now I keep my order in. Bottom wick comes in again. Bam. I'm triggered in my order, right? So we can see now I get triggered. Stop loss going to be below here. Now I just let it ride. So my one to one, which could be my first target, is going to be right there. >> So stop loss right under the first breakout candle. >> Yeah. >> Of this level. And this level specifically corresponds to a five a 15minute resistance or five >> both. >> Both. >> It was both. Yeah. >> So this could happen at a 15-minute resistance, a 30 minute resistance. It doesn't matter. >> Exactly. Whatever range is formed, that's the candle you need. So if you have a 15 minute resistance, you need a

42:56 15 close above. 5 minute uh range. Great. Five close above. >> Got it? >> You know what I mean? Yeah. And in NY session trading NQ, this is NQ. I want to be more aggressive. M. >> So, I'm going to use a five because I want tighter stop loss. I expect buyers to be more active. I expect this >> if someone's new. What time frame would you recommend them? >> Start on the 15. >> 15. Why that one specifically? >> Because it's going to be a little bit calmer. 5 minute can be a bit panicky. >> Uh, and until you have experience, spend time watching someone like me trade or exposing yourself to a strategy like this, then you'll be more comfortable to move down. And and just to be clear too, you put your stop right below the breakout candle, then you just use the tool to figure out exactly what one is. >> Yeah, exactly.

43:41 >> And that's your target every time. >> Yeah. So, I don't set a TP there. I do set a stop loss. Um, but I just place the buy stop here. Uh, the reason that I don't set a TP is sometimes you get insane volume and if I had a TP, I miss out on money. >> Got it? >> You know, so I always, but always I set a stop loss. That is a rule here. And um you know I can go and set that here but I'm just showing this as an example here. Uh we can go and put but I want to show you the we I want to show you how I go break even that's more important for me here as well here. So let me let me actually continue playing this and show you what happens to one to one and what I did. Uh so problem here is this candle's opened with no bottom wick if you notice and it

44:26 went down now to make its bottom wick which is not inherently a bad thing if it goes to make its bottom wick. Now it's made its bottom wick it's start to continue. That's that rubber band. Okay. So that's at your one one there. Oh not yet. Let's just give it a chance. There you go. When it tapped your one one there. So we're speeding this up. In real life it's a lot slower. Okay. you would have a chance to close there at one:1. But I'm not worried. We have a lot of range. I can target all the way up here into the daily resistance. Okay. So at your one to one, you have two choices. Okay. Beginning of the week, choice number one, secure all the profits. You made what you risk, you made money, happy days. Option number two is if you believe this is going to be a bigger position, you can start to trail. The number one thing that has to happen here is that you need to move

45:13 your stop loss to break even. Okay? Because you're at a one to one and you don't want to lose this position. Right. >> So once you hit the one R target, >> yeah, >> you move the stop loss to break even. >> Exactly. >> Okay. >> Or if I hit a target before my one to one. >> Okay. >> Okay. So I'm going to press break even there. Uh just to make sure that you know I have a break even. Okay. We can close this. So now my stop loss there is at break even. You can see the red line there. So I'm not losing this position. I'm risk-f free and I can let this run run run run run run run run run run run run run run run run run run run run run run running running like 4k P&L this I can start to extend all the way up into these targets here I'm a big fan of closing profits although I can really let this thing run this has not done a proper pullback we have straight green

45:58 the more green you see the more you want to be apprehensive and start to close out profits which I did press right there okay why as we push faster I want to get out of the market meaning as we start to push faster I want to get out because that's showing me that we are going to be soon experiencing maybe a pullback. Okay, I have hot keys set up to be able to close quickly because that's what you want to be able to do. >> So, if the market moves too fast in the direction, >> I start to get up because >> that could end up I'm already at a one to two, like I told you, I target one to ones. This is more than enough for me. But when I when I start to see price move extremely fast like that, and I'm just trying to teach people, I tend to not hold it. I tend to say, "Okay, especially if I'm I'm if I'm not at TP,

46:45 I let it do its thing." >> But if I'm at like a one to two and I'm seeing it move fast, then it's probably going to pull back soon and then I'm going to be like, >> I wish I closed. Now I'm holding and then you get back below a one to one and then it comes to entry. >> I want to secure profit. So the fast it moves instead of getting excited and it's you need to train your brain like this and it's a big >> it's moving faster, I'm going to get more money. No, no, it's moving fast. I'm about to lose the money I have. >> Yeah. Okay. >> So I changed my mindset. I'm about to lose the money. Close. then I can't make decision. I'm already at a one two. No need to be greedy. That's a clean trade. Okay. So, that's one example of the trade I I took yesterday. Another example that I want to show you as well is this is my markedup chart from today. Okay. So, we see the same trade. This is the guys uh they took this trade this morning here using my strat. And this was simple. Same bias from yesterday.

47:30 That's where I took the buys yesterday. Here they came into today. We're not buying. Oops. We're not buying up here. Why are we not buying up here? Because we're at the daily resistance. We don't want to be buying at daily. And look how much trouble you've had at daily. Look how many fake outs. >> Yeah. >> Right. Just fake outs. Fake outs. So instead, pull back. Waited for this candle to close above. And this is the exact same position. This is the time I was sleeping. Uh it's 4:45 a.m. for me. Bam. This position here. Stop loss went below the breakout candle. Where's your breakout zone? Closed above this. Here's your range. Clean candles. Range formed. Close above the range. Where do you target next resistance? And that next resistance up there, this one gave you about a one to point4. >> Now, it looks like though this one, and just to be clear, this is where your

48:17 where the entry was for these people, right? Correct. But it looks like it didn't pull back into >> Well, there's your bottom wick. So, remember I said it didn't have to test it. >> Yeah. Okay. >> But you need that bottom wick. >> Yeah. >> With more volume, it will be maybe sometimes smaller, >> but it could be the nipple wick. >> If it's the nipple, you avoid it. But this is not a nipple. A nipple. Let's give an example of a nipple >> just to make clear what is a nipple wick. >> Uh that's I can only see this one here quickly. That's an example of a nipple wick. That top wick. I know it's the opposite direction, but I want to just show you how that wick looks. >> It's tiny. >> Is there an objective rule for this or is it experience based? >> It's a little bit experience based. You just need to watch the setup and you'll see okay that is a good bottom wick. You know the problem is it changes from pair to pair because I could give you a number and say uh on NQ no nothing less

49:05 than uh five points. >> Yeah. >> You know as a rule of thumb. >> Mhm. >> But on YM or on gold I mean this strategy works on everything. It could be different numbers. So I don't want to set a number. I just need there to be a bottom wick you know. And the more experience and stuff like this you'll end up you know. >> So then on that bottom wick here if you don't mind me. >> Yeah of course. >> Right. So we bought them wicked, >> broke above this initial breakout candle's high. >> That was the entry. >> Yeah, the buy stop is there, right? >> Buy stop to be clear. Okay. >> Yeah. >> And then but then the stop loss. I mean, is there ever a time though where the stop loss would just be way too far away? >> Exactly. And that's what I drew. If the candle's too big, it's not going to make sense because your stop is just ridiculous. And that's like like like

49:50 this, you know, imagine you had a candle like that just closing above the range. >> So you won't take the trade. No, it's like that's that's all the volume. I want to be part of that big candle. >> Yeah. Well, do you have a rule for for that for like a new guy? >> Yeah. In terms of being like more mechanical like that, I would say like uh the candles should be no more than uh >> even ATR can be used, right? >> Yeah. But I mean no more than 50% of the size of the range. >> Okay. >> So, if the candle's bigger than 50% of the range, then it's probably too big. >> Okay. You know, that's a good one because you're always looking at the range and the breakout out of the range, right? So, if we take this example here, this is like a sell option. If we measure this size of this candle here, that's about 51 points. And if we

50:35 measure this from here to here, that's about 76. That candle is bigger than 50% of the range. And you can see the next candle didn't continue, pulled back first. So, you actually can get a better entry once it pulls back. >> You know, you can find a better entry. And you know, Harry, another question I have is the way you're marking support and resistance technically, you could find this all over the chart. So, how do you know which ones matter first of all? And second, what actually qualifies as broken support or resistance where that level is no longer valid. >> Yeah. Qualify session time around London open, London open, New York open, NYC open, power hour, Asian session. You need to be in one of the sessions. That'll qualify your timing. >> Okay. >> So, I'll wait for New York Stock

51:21 Exchange open 9:30 a.m. Eastern. I'll trade for an hour >> in that window. If one of these come valid to confirm it is the close. >> Okay. >> Something has to close. If it just wicks, it doesn't count. If it closes above, it counts. >> So, once the level is closed above even once, >> yeah, >> you call it broken. >> Yeah. Okay. >> Then it's broken. >> It's not eligible if price comes and retests it from the opposite side as an opposing setup. No, it needs to close below for me to say that that level is crossed. Even if it wicks below many times, that's just strengthening the level. >> Okay. >> Yeah. You know, like uh you can see many examples of that on the chart where price wicks at a level, you know, if I especially like this, right? We can see like this level here from yesterday. What's interesting, this is just nice,

52:06 makes me excited, makes me want to trade now, is when I see price push up, make a New York high there, and then it tries again, fails, and then this morning we come back there to fail and it just like that's the strong level. That's your level, right? And look, it's tapped it many times, but it's not invalid. It's more valid. >> Yeah. To be clear then too, the level needs to be closed over on the time frame it formed on. >> Yeah. >> To be okay. Because levels can form on the five and 15 minute. It could be the same level, right? >> Exactly. >> But this means it's invalid on the 5m minute, but that same level is still valid on the 15minut. >> Precisely. So, let's make that a little bit clear. >> Okay. >> If I have a 15-minute level and it closed above on the five, I don't care. That's not a valid trade. >> That's a 5m minute leaving a 15-minute level.

52:51 >> I would need a 15-minute leaving a 15-minute level. >> Yeah. Okay. So, but if I have a 5minut zone, see, NYC moves a little bit faster, >> whereas on the 15minut, it'll just look like a green candle. >> But inside of that green candle, there'll be that structure. >> Mhm. >> So, you'll see the 15-minute it'll be a green candle. That's why I'm using the five. >> Mhm. >> But if the 15 has structure, then I have to use the 15. >> Harry, thank you so much for coming. I really appreciate it. Absolute pleasure to meet you. We're here in the office. Had a good time. IQ Capital. You can start your first challenge for as little as $9. Terms and conditions apply. Check the link in the description below. Built by traders for traders.