How I Confirm Narrative With Drivers | GxT

What's up, guys? So, in this video, I'm

going to be showing you guys how to

confirm narrative with drivers. This is

uh very important in my trading. Uh so,

let's go ahead and get into it. Now, I

have a bunch of slides created here.

It's going to be a long video for sure.

If you guys like these slides and like

the way this video is presented, I can

do the same thing in my future videos.

Just let me know what you what y'all

think. Um now, let's go ahead and start.

So the first thing is uh we must start

with the economic calendar right and

it's very important that you understand

uh you know the market that you're

trading and what's actually affects that

market. So if you're a forex trader

you're going to look within the currency

pair obviously a currency pair is just

two currencies right made up of two

currencies valued against each other.

So, for example, if you're trading

GBPUSD, you're only concerned with, you

know, GBP and USD folder news events.

Now, if you're going to trade G, you

know, GJ or something, GBP, JPY, you'd

be looking at GBP, JPY, redolder, right?

Um now one thing I will say um I don't

trade forex but I have noticed that USD

right the the large news events I feel

like they affect almost all the

currencies I feel like uh like I've even

seen it affect like GJ it's pretty weird

so you're going to have to do some

testing on your own there but I am

pretty well verssed in these three

markets especially indices so you know

with within the indices markets um I'm

referring to you know INQs Y as the

triad here, right? If I was trading, you

know, forex, I would be trading I would

be looking at DXY, EU, and GU, right?

These are three correlated markets in

the same asset class. So, here's the

same asset class, three correlated

markets in there. So, this is what I'm

referring to with an SMT, right? In

gold, I'm referring to gold, silver, uh,

euro or XAU euro as the three correlated

markets in this assay class. And then

this is for oil, right? So it's pretty

important to understand what you know

affects that asset class. So obviously

USD RIP folder affects indices and the

930 New York Stock Exchange open every

single day. Um now this 9:30 open is

only specific to indices only. I see a

lot of people use it on gold or oil or

even forex. It's absolutely irrelevant.

And another misconception misconception

is that 8:30 is some relevant time every

single day. It's not 8:30 is absolutely

irrelevant. Um if there is no 8:30 red

should folder news event. Okay. So you

don't need to be marking out 8:30 if

there is no 8:30 you know uh news

events. So u when you refer to gold the

only um thing you need to be concerned

with is USD red folder news events. And

for

energy, another misconception I see is

that, you know, people try to pair USD

folder news events with oil. It doesn't

affect oil. Um, oil has its own, you

know, um, economic calendar. It's the

energy calendar, and we're only

referring to red folder news events uh,

within that calendar. So, some pretty

simple stuff, but we need to understand

how to filter the economic calendar.

you're going to have, you know, these

orange, yellow, and white news events

that are absolutely irrelevant. So, the

first thing you're going to do is log on

to

forexfactor.com, right? You're this page

going to be pulled up um when you go to

calendars and you're going to click this

little you're going to toggle this

little uh green filter icon. When you

press that, this is going to pop up. And

now whatever asset you're trading, if

you're trading euro JPY, then you're

going to click Euro JPY and uncclick

everything else. Right? If you're

trading indices, the only thing you

should have checked is USD. And then for

any market that you're trading, uncclick

all of these, uncclick orange, yellow,

and white. It's absolutely irrelevant.

Apply the filter. And you should have

something like this, right? Where it's

going to show all the news events laid

out for the week. And this is going to

be your road map, right? Um now a

caution protocol is you never really

want to be entering uh you know before

NFP CPY or FOMC press conference. Now

this is before you know the driver

within the same day. I don't have a a

caution protocol for entering um you

know before you know the day uh the news

release day. So like let's say NFP is on

a Friday always. Uh I I will still trade

Thursday for example but I won't trade

it prior to NFP within the same day.

Okay. Um, now it's very specific when I

do. Um, and it requires specific

framework which you're going to see a

little bit of that here. Um, so let's

move on. So now how to apply the energy

calendar because a lot of people don't

know this. So same thing Forex factory.

Um, but you're going to click the energy

calendar here and you're going to do the

same thing. You're going to toggle this

uh filter icon and uncclick every uh

checked box and apply the filter and

grab something like this. So there's

your energy road

map. Now one thing that we must go over

briefly um is some framework because you

need to have a a decent understanding of

framework um to actually anticipate or

apply you know drivers to framework.

Right? So some pretty basic things. What

do we trade away from is some sort of

manipulation. and we trade towards

failure swings, right? Or we trade away

from these uh dis manipulation, right?

And trade towards these failure swings

or any, you know, objective,

right? So mapping out relevant swings,

this is pretty important. So relevant

swings are just spaced out highs and

lows, right? So this low is not a

relevant swing because it's not spaced

out, right? So this becomes a failure

swing, right? Failure swing is just

close proximity highs and lows. So see

all these highs are in close proximity

right those are failure swings right

like low resistance liquidity see the

space between this relevant swing and

this relevant swing that's what creates

right uh important highs and lows in a

sense right so when we engage with these

levels this is where we want to see you

know that phase of price a

reversal so right when we engage with a

relevant swing when we manipulate it

this is what creates a protected swing

right when we manipulate a failure swing

we're not referring to that has some

sort of relevant level because if you

manipulate a failure swing, then there's

still a reason to return back to this

area, right? Because this is still a

fair swing to this low, right? So this

when you have a failure swing like this,

you want to manipulate all relevant uh

lows within that area. So there is no

reason to return back to this low,

right? Because if you manipulate

everything within the area, there's no

reason to return. And this is where

price will actually expand away.

Now another thing we can combine a

manipulation with is with SMT. So when

you you know manipulate a relevant low

and we see an SMT there, this is the

ideal scenario, right? We don't care

about SMT with failure swings. Even if

there's an SMT here, I don't care,

right? Doesn't matter. We use SMT at

relevant swings, right? And this is

would also create a protective swing on

both assets, right? You have to view

this as a manipulation over here. Uh

because this is showing relative

strength, right? where the correlated

asset did take this low

up. Now when we engage with this these

relevant swings, we need to understand

you know signatures of price. We need to

understand what a reversal signature

looks like right because if you fail to

manipulate a relevant swing and we

continue right or we just failed to