GxT Mentorship - Relevant Swings - Ep.2
VOLLSTÄNDIGE ABSCHRIFT
What's up guys? So today will be a
lecture on relevant swings. So there's
many ways to use relevant swings. This
is going to be like I said a basic
introduction. So let's go ahead and get
started. So how do we map out relevant
swings? Relevant swings are nothing more
than spaced out highs and lows. And this
is something you're have going to get a
visual for. One way you could do it is
you could take a premium discount tool
from low to high. And you do not want
this low to be an OTE of that range. To
me, anything above that is considered a
relevant swing. So if you take the same
thing over here from this low to this
high, from this low to this high, right?
This is where the pullback starts. You
see how it's in really close proximity
to this low? That would make this a
failure swing rate. Um whereas if you
take the same thing here from relevant
swing to relevant swing right that's how
you want to map them out uh right this
one's in premium the range right so you
see the space between relevant swings
these are what are considered relevant
swings failure swings are the the um
swing highs and lows that are in close
proximity to each other or in close
proximity to the relevant swing itself.
So what are protected swings? Well, a
protected swing is nothing more than the
manipulation of a relevant swing, right?
So this would not be considered a
relevant swing because it is not a
manipulation of a relevant swing, right?
It's a manipulation of a failure swing.
So this to me is not considered
relevant, not considered a relevant
manipulation because there is a reason
for price to still return back to here
because this is still a failure swing to
the irrelevant swing, right? Just
because we manipulate this, you know,
this failure swing doesn't mean it's a
protected swing, right? Because it's not
a relevant swing, right? So there's a re
reasons to turn back here. So therefore,
you can't trust to trade away from it,
right? You want all swings to be
manipulated, right? You want all
relevant lows in close proximity to
current price to be manipulated. So
there is no reason to return back to
that level, right? So this is what it
look like, right? Or you just straight
up manipulate a relevant swing.
Another way we can use um protected
swings is when one asset trades into a
protected swing and the other one
doesn't, creating an S&P divergence.
Right? So, we don't just use S&T
anywhere and everywhere. We want to be
using SMT at relevant levels and
protected swings or sorry, uh relevant
lows, highs and lows are one area to
look for SMT at and they're one of the
best ones areas to look for S&T at.
So, now we're going to get into
continuation. So, this is when we trade
into relevant swing but we continue
through it. So, what are the you know
signatures for that? So, one way we can
already anticipate a relevant swing
being manipulated is when we're coming
off of a key level. So, pretend there's
a key level way to the left or maybe you
manipulate a relevant high or low. So,
this would be a relevant high. Um, so
anytime you're in like expansion for
example, right? I can't draw right here,
but um and the most recent high, right?
You're just in expansion. The most
recent high is just a you know a high,
right? that is a relevant swing because
if there's nothing beyond it in close
proximity, I mean that's the only high
to manipulate. So when you up the high
and then price displaces away,
especially from a key level where you
know if you hit a key level and you
manipulate this high or whatever,
there's a reason for you know to trade
away. So basically what I'm trying to
say is if we have a manipulation or
hitting a key level we trade into a
relevant swing the opposing swing
relevant swing you can already
anticipate that swing failing because it
should fail because you know pretend
these are the higher time frame lows
higher time from key level anything you
know within this range should fail or
you should trade to the external low but
um one of the things we can look for is
when we trade low if we just consolidate
right so if we just consolidate
If you watched my last lecture on phases
of price,
that is a continuation signature, right?
So, we would expect continuation through
this level, you know, towards, you know,
the next relevant swing, right? So,
price pretty much can move from relevant
swing to relevant swing. Um, and the way
you want to leave consolidation is what
right a manipulation of the
consolidation high. So, this is actually
a relevant swing as well, right? This
would be a protected swing as it was
manipulated here and this would be a
relevant swing because the space between
these highs. So when this is
manipulated, this creates a protected
swing in continuation towards the straw
liquidity rate. Um so basically if you
want to continue away from a relevant
swing, we're looking for the closest
proximity key level um after hitting
that relevant swing to continue away
from. Right? So in this case, it creates
a swing point high, right? which we then
can manipulate and trade away from right
to for continuation. This is like A and
B reversal essentially expansion,
consolidation, manipulation, expansion,
right? Another continuous signature as
we know, same situation, right? Where we
create a protect swing or maybe a key
level, we expand into opposing real on
the swing, we want to see this fail. If
we see a retracement signature, rate,
what is a retracement signature? Leaving
failure swings at the point of
retracement. These super deep
retracements, right? Just slow lethargic
PA. If you see that I'm looking at the
closest proximity fair value gap that
was created in this expansion leg right
away from that protected swing. This
should support price away from this
protective swing, right? And to continue
lower, right? So, this should cap off
their retracement to go from expansion
retracement expansion, right? So, again,
we're just looking for if you want to
continue through a relevant swing. Well,
we expect, you know, expansion through
it, right? So, what can we continue away
from? Close proximity key levels because
we don't want to see deep retracements.
So the closest for valley gap, the
closest high to manipulate to continue
from these are things that we look for.
Now for reversal,
what is the signature? We trade into a
relevant swing. Well, simply right, we
want to wick this area. We want to, you
know, show that candle 2 reversal. We
want to see SMT, that V-shaped
signature, right? This is all displayed
in my last lecture on phase of price.
You're seeing how phase of price tie
into literally everything we do. Um, and
these are just the levels that or the
areas we just use phase of price at to
confirm continuation, reversal, etc. Um,
so, yep, this is pretty straightforward.
We already went over this. Um, but yeah,
we want to see SMT. We want to see that
reversal signature. This would lead us
to believe that we will target this next
or this opposing high right here and
then potentially beyond it, right?
So, what is the signature or the
reversal sequence that we look for? So
as soon as we engage a level that we
want to reverse from. So let's say we
trade into a relevant swing. Um now one
thing we can do is we can trade this
reversal. Right? If we have a candlest
closure this would be trading the
reversal the expansion away from that
rate. Now what do we look for for
continuation away from a true reversal
like this is I want to see a fair value
gap being created after we um print this
protected swing. Right? Because again if
we're going to continue away from
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