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Trader Daye's Lecture Notes

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This theory removes ambiguity as it gives you specific time-based reference points to look for when entering trades.
Before being able to implement this theory into your trading you must first understand that time is fractal.

The YEARLY cycle is comprised of 4 quarters, three months each.
o
The FIRST quarter is January to March
o
The SECOND quarter is April to June
o
The THIRD quarter is July to September
o
The FOURTH quarter is October to December

The MONTHLY cycle is comprised of 4 quarters, one week each. The counting of the quarters starts from the first full week meaning if the
first week relating to the traditional month is a partial week it is omitted and viewed as distortion.
o
The FIRST full week of the month is the first quarter
o
The SECOND week is the second quarter
o
The THIRD week is the third quarter
o
The FOURTH week is the fourth quarter

The WEEKLY cycle is comprised of 4 quarters, one day each.
o
Monday is the first quarter
o
Tuesday is the second quarter
o
Wednesday is the third quarter
o
Thursday is the fourth quarter
o
Friday is not included into the weekly cycle due to the fact that it has its own specific function. (Need to find out what that is)

The DAILY cycle is comprised of 4 quarters, six hours each. This perfectly aligns with the four trading sessions of a trading day.
o
The FIRST quarter is the Asian session
o
The SECOND quarter is the London session
o
The THIRD quarter is the New York AM session
o
The FOURTH quarter is the New York PM session
2:38
each session is comprised of four
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quarters 90 minutes each
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I refer to them as the 90-minute cycles
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in regards to the Asian session the
2:50
90-minute circles are as follows
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6 PM to 7 30 PM is the first quarter
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7 30 pm to 9 pm is the second quarter
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9 pm within 30 PM is the third quarter
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and 10 30 pm
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to 12 a.m midnight is the fourth quarter
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in regards to the London session
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the 90-minute Cycles are as follows
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the first quarter is
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12 a.m midnight to 1 30 am
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the second quarter is 1 30 a.m to 3 AM
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the third quarter is 3 A.M to 4 30 am
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the fourth quarter is 4 30 a.m to 6 am
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in regards to the New York session
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the 90-minute Cycles are as follows
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the first quarter is 6 a.m to 7 30 am
3:55
the second quarter is 7 30 a.m to 9 A.M
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the third quarter is
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9 A.M to 10 30 am
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and the fourth quarter is 10 30 am to 12
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P.M
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in regards to the afternoon session the
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90-minute circles are as follows
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the first quarter is 12 P.M to 1 30 pm
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the second quarter is 1 30 pm to 3 P.M
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the third quarter is 3 P.M to 4 30 pm
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and the fourth quarter is 4 30 pm to 6
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pm
The Functions
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know that we understand that time is
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fractal we can begin to look into the
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functions of some of the quarters
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I believe that price is delivered by an
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algorithm
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so there must be some initial input
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which is used to make decisions
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throughout each cycle
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this is the function of q1
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q1 dictates the quarters which follow
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meaning
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I use q1 as a barometer for forecasting
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market conditions in the subsequent
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quarters of each cycle I'm looking at
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if the first quarter is overextended
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I'll expect the second quarter to
5:14
consolidate
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and if the first quarter is in a tight
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range I would expect the second quarter
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to expand
True Opens
5:23
now is where things get interesting so
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if you haven't been taking notes I
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suggest that you pause the video right
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now and go grab some note-taking
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instruments
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true opens are the main components of
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quarterly Theory
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that they are specific openings of price
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which serve as a time-based filter for
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gauging Judas swings or stop ons
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true opens or the beginning of Q2 of
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every cycle
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it is a simple concept to understand
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if you are bullish within a specific
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cycle
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you want to buy below it's true open
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and if you are bearish within a specific
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cycle you want to sell above its true
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open
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this will increase your accuracy
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tremendously
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as key levels usually rest above or
6:22
below through all pens
6:25
every cycle has its own true open
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the two-year open is the opening price
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of the first Monday of April
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the true month open is the opening price
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of the second Monday of the month
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the true week open is Monday at 6 pm
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the true day open is 12 o'clock midnight
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the true open of the Asian session is 7
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30 pm
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the true open of the London session is 1
6:55
30 am
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the true open of the New York session is
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7 30 am and the true open of the
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afternoon session is 1 30 pm
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the image to the right depicts how true
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opens function during Polish market
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environments
Cheat Sheet
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now we'll look at the quarterly Theory
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cheat sheet there are two sets of
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instructions that the algorithm usually
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follows
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I deemed them as amdx
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and X AMD the diagram to the right gives
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a visual depiction of amdx as you can
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see q1 from the tight range after which
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the manipulation phase of price begins
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ICT dubs this as
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the Judas string
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according to his algorithmic theory
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the purpose of this fake movie is to get
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Traders offside
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after which the real move takes place
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after the manipulation phase takes place
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the next phase is the distribution phase
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this phase is usually the easiest to
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trade as the previous quarter has
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already established the trend of the
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cycle
8:04
the fourth phase is X the fourth phase
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is X which can either continue the
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established range of the cycle or
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reverse
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in regards of this example the fourth
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quarter is reversal as you can see press
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reverses at higher time frame pdas or
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key levels liquidity is induced when
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price breaches old eyes and whole laws
8:26
while trading into key levels if you
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usually trade with the one minute chart
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you need a 15 minute period
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if you usually trade with the five
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minute chart you need a one-hour PD
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array if you usually trade with the
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15-minute chart you need a 4-Hour
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pediary
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if you usually trade with the 100 chart
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you need a daily video
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and if you usually trade with a four
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hour chart you need a weekly period in
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regards to X AMD the first quarter is
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the continuation or reversal of the
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previous queue
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of the previous cycle using what you
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understand from the function of q1 Q2
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should then accumulate
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resulting in high range price action Q3
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would then be your manipulation phase
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over the rules for the true opens are
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static they don't change
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the opening price of Q2 will always be
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its true open so if the profile that
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you're looking at is X AMD
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even though
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accumulation takes place during Q2
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you will use the opening price of Q2
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which is a true open to gauge the Judas
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ring which represents itself more times
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than not in Q3
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the last phase will be the distribution
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phase which will be the easiest phase to
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trade in regards to X A and D
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hopefully this was insightful I'll talk
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with you guys whenever I make another
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video
English (auto-generated)
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