The MMXM Trader's 2024 YT Mentorship - Episode 1


Summary

The video explores the nuances of high probability trades by emphasizing elements such as smart money checks, time frames, and key levels. It underscores the significance of selecting trade setups on higher time frame charts and recognizing premium and discount levels. Viewers are guided on identifying smart money activity through correlation between assets, transitioning between time frames, and utilizing buy/sell stops for optimal trade entries. Discussions also cover trade reversals, breakouts, power of three strategy, order blocks, stop hunts, and price manipulations for effective trading sequences.


Introduction to High Probability Trades

Discussion on high probability trades and elements in a trade setup, including checks on smart money, time frames, and key levels.

Selecting Trade Setups on Higher Time Frame

Explaining the importance of selecting trade setups on a higher time frame chart and identifying key levels relative to premium and discount.

Spotting Smart Money in the Market

Understanding how to identify smart money activity in the market through correlation between assets and higher time frame analysis.

Utilizing Three Points for Trade Entry

Utilizing three points for trade entry, focusing on premium and discount levels and transitioning from higher to lower time frame charts.

Establishing Higher Time Frame Direction

Analyzing the higher time frame direction to determine if the market is bullish or bearish and drawing premium and discount levels.

Implementing Trade Entry Strategies

Explaining the concept of buy and sell stops, pairing stops for optimal trade entry, and aligning with higher time frame context.

Utilizing Key Levels and SMT for Reversals

Using key levels and smart money reversal for trade reversals, with examples of pairing sell stops and buy stops.

Trading Breakouts and Power of Three

Discussion on trading breakouts, utilizing the power of three strategy, and incorporating order blocks for trade setups.

Inducing Price Movement and Stop Hunt

Explaining the concept of inducing price movement, stop hunts, and utilizing key levels for trade entries.

Trading Sequences and Price Manipulation

Detailing trading sequences, price manipulation, and identifying key levels for trade setups on different time frames.

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