GxT | Trade Recap | NFP Bangers

What's up everybody? Today I'm going to

be covering my trade that I took on

Friday. I took one trade on INQ, one on

oil and then one on gold. So let's first

start with the indices triad. So in the

middle here we have NQ on the left we

have ES and the right we have YM. So the

first thing we look for when we come

into the trading week, what did the

previous week do? So we see that's it

expanded into this high on YM where

these assets are just closing above the

previous week's high, right? Just an

expansion candle, but it's pretty

significant what YM did here. And we

know that this is a potential reversal

sequence where the lagging asset uh when

it trades into the high

that the leading assets hit a long time

ago, right? As you see, they hit this a

long time ago. when it catches up. This

is a potential reversal point or

reversal sequence. This is what I teach.

Right? So that's exactly what you see

here. I'll show you what that would look

like. Right? So we have an SMT put in.

Pretend this is ENQ in our example. This

is YM. So if I go back here, we clearly

have some sort of SMT here obviously,

right? When that gets broken.

Whoops.

So here would be YM previous week

trading into the high. This is when we

could potentially reverse, right? So in

that scenario, when would we reverse?

Especially on the weakest asset, we

would reverse off of the previous week's

high, right? Because if the previous

week didn't reverse, well, the previous

week's high becomes the reversal point

unless we're going to, you know, develop

something to reverse from within the

weekly range. Because at this point,

there's nothing to the left to reverse

from. The only thing to reverse from is

the previous week's high. Like I said,

unless we do something like this or

maybe we create Monday's high or

Tuesday's high reversal that or

something like that, right? So that's

the only thing we can have to look

forward to if we're going to be bullish.

Well, something within this range would

have to support price higher, right?

Those are are two scenarios. But with

how the weekly range develops, so you're

going to see that all assets kind of

open low first, right, into this fair

value gap, right? So if you're going to

be bullish, I mean, this fair value gap

right here pretty much has to hold,

right? But something is very telling,

right, which with what happens here. So

you're going to see that this middle

asset being in Q, the strongest asset,

is more like seek and destroy, right?

It's taking out daily lows, taking out

highs, right? It's just seek and destroy

really as we see,

which is not a really strong signature

in really either direction, but we're

seeing the middle asset, which is going

to tell us a lot, right? Because this is

asset opens low first into a gap. We

have this reversal candle, right? But if

you look at this day here, what did the

what is this asset doing on YM? Over

here

we have a failure to manipulate this low

on a Tuesday and you're seeing that

while this has expanding lower in

expanding higher right so at this point

what I see with the weekly range

development is very telling because if I

just bar play here let's go to that

4hour chart just to show you the weekly

range here

look at what we're already doing on the

middle assets said here we're already

expanding away from that weekly open,

right? Already pointing towards a

potential bearish, you know, profile.

And when I look here

with this SMT being created, so let's

play price a little bit forward because

this asset trades in this high.

Actually, this is important actually to

look here. So this is the previous day.

Basically, what do we notice?

We see that INQ

is creating SMT here

where ES is uh obviously creating SMT

but we're more so reversing while this S

on a YM is not reversing you know really

at all right it's it's barely sweeping

up these lows that we're seeing over

here but what do we see here this asset

is in a deep premium above a high while

this asset

is in deep discount so this is market

decoupling right so these assets that

are expanding in opposite direction.

What is the signature for

recynchronizations? So for market to

become correlated again, it's going to

be a manipulation, right? So this

manipulation is what we would want to

see for price to continue lower, right?

Because what this is really like seeking

destroy on this asset, which is not a

really bearish or bullish signature uh

that we really it's really not really

showcasing much to us, right? It's not

really, we can't really be like

one-sided bullish on ENQ. There's

nothing to really expand towards. We're

all highs, but over here, I mean, we

have all these lows, right? Um, and

obviously on YM or ES is kind of like

the middle asset here. When I go to to

this uh to this asset over here, this

weekly candle, I mean, look at this,

right? Look at the opposing run from the

weekly open. So, ES and YM has really

expanded away from the opening price.

When I look at, you know, this asset

over here,

where is it at? Um,

yeah, here it is. You know, this wick

size isn't like huge. You know, this can

definitely still support some move

lower. So, with the weekly, you know,

candle profile really, if we reverse

here, this can make a lot of sense,

right? And what would this be, right?

This is really telling because what we

see here is obviously this asset fails

to manipulate high. So that means that

one of these assets should catch up. And

obviously we can tell that the middle

asset should catch up. When the middle

asset catches up, what is this sequence,

guys? What I just showed you,

it's when, right? This would be NQ

failing to reverse. Here's ES and YM.

Here's ES catching up to break the SMT.

When it breaks SMT, we can potentially

reverse, right? But it's even better

when you're viewing this through a

triad. where this would be ES breaking

the SMT. Here's why I'm not even trading

to the high and it's actually really far

away. So again, a manipulation is the

trigger for asset synchronization. And

when you have the actual daily profile

confirming or supporting a move lower.

So notice how it's opening high first,

right? That is how bearish candles form,

right? They open high first. um it can

really you know obviously signify that

reversal right or really confirm that

reversal and here is your strength

switch you got to pay attention here so

we know that INQ is the strongest

now what do you notice about this

closure is the weakest in the triad this

2 a.m. GXT 4hour reversal

right so we have a London reversal right

look at this it's bullish over here so

that is a strength switch then what

should the next candles do they should

expand right so as you see the expand

and that's why I shorted YM this uh on

Thursday which if you guys want to recap

on that I suppose I could do but we're

talking about Friday's trade so that's

why I shorted YM right into this low

down

And yeah, so it was just simply a 10m

continuation. If I go to the one hour

chart, I'll show you real quick. What do

we have here?

Two stage SMT, right?

One day we will go over

what this candle is here.

But I simply have a 10 a.m. reversal

off of the 9 a.m. candle. Look at that

space, that S&P that we talk about,

right? But we're not talking about that

today.