TheMarketLens - GxT Backtest

All

right, guys. So, today we're going to be

doing we're resuming our back test from

last week. So, yeah. So, you guys wanted

to cover some weeks with some news. And

it looks like we have some news. Uh,

so 11th. So, we don't have any Monday

news the 12th. So, Tuesday we have news

8:30 looks pretty loaded. Uh, and I

guess this is Thursday and then Friday

we have 10 a.m. news. So, we got some

news. So, let's go to the the daily

chart and see what we really have here.

So, what can we expect coming to the

week? It's a bit weird, but we could

potentially see lows. Um, you know, we

have all these lows, these lows. So, I

would want if this is going to be

bearish week, this set if then

scenarios. Um, you see this asset over

here is more so in opposing candle. This

one's really deep in the range. And this

one, the weakest asset has actually the

strongest close, which is interesting.

So, the asset over here has the

strongest close when it should be

weaker. Um, so like if if there's going

to be a bearish week, I want it to So

let's click that weekly candle. Yeah, I

want it to be bearish early on in the

week because if this is going to be a

reversal from this high, we should

expand early on the week. Does that make

sense to everyone? So let's see, you

know, the open we get. So we're going to

set invalidation. We go to the 4 hour.

What do we have here? Oh [ __ ] it looked

like it gapped up. Is that the open?

Oh, that's so ass. Yeah, we have this

disgusting gap up. So that kind of ruins

almost everything for us here. So, but

if it if it didn't do that nasty stuff,

we'd be expecting, you know, maybe

something like this open high. This can

be our invalidation point, like this gap

or this high or something like that. Um,

but obviously that can't happen anymore

because of this huge gap up. So, we

don't have any news. So, this is

typically when you're just going to skip

to 9:30. I want you guys to start just

stop trading before 8 8:30. If there's

no 8:30 news, go straight to 9:30. All

right? This is the easiest way to trade.

So, how did you do? Oh, yeah. So, I

think this is it. So, 9:30. Yeah. So,

this should go straight to 9:30. Bet.

So, now we're just seeing how the daily

kind of formed overnight throughout the

session. So, at this point, it's pretty

obvious that, you know, YM wants to go

to this high. Look how close we are to

this high over here. So, that's that

daily high.

Um, this asset already took it out.

Let's look at the signatures. All right.

This does not look that guys. Does this

look like a reversal to you guys over

here?

We're going to kind of keep this a

little interactive. Does this look like

a reversal? This SMT. What do you guys

think?

Yeah, probably not. Right. Leaving

failure swings very, you know, sluggish

and whatnot. So, I mean, this actually

looks perfect right now. Um, I would

really be one-sided bullish right now. I

would not trade bearish. Um, we've

already taken out a swing low. No SMT.

We've already taken out a swing low.

That could be our invalidation point. So

I ideally want to see all assets right

now expand higher. That's what you would

want to see at this point in time uh

with 930 coming in. So you can see that

this asset over here is the strongest

asset being YM because we have

a divergence down here and this is the

only asset

that has a CSD right here.

So it's really important a lot of times

it's going to the reaction at the

opening price is going to tell you how

and what you need to be demanding. So if

all assets expand right now then all

assets will probably hit this high. Um

but if we kind of [ __ ] it just

depends. So we're going to see and we'll

walk through it. So we'll see what

happens here.

Okay. Yeah. This this is actually a

great example what I'm talking about. So

I've shown you guys seen this. I think

this happened this week where assets are

displacing in opposite direction. So

typically all that means is a they're

desync basically right they're

decoupled. So you never want to trade

this middle asset here. All right when

they're decoupled assets are decoupled.

What we're waiting for is a manipulation

to reync the markets. So whether that is

and this is kind of what we're pointing

towards ideally. I want to see this

asset stay strong while this asset find

strength to go higher. That's what you

want to see. But if this asset is going

to go lower you're going to see the

opposite. All right. So this is going to

be very important. So you know what

happens here. So let's go on my three

minute.

So I ideally also want to see this hold

here. So this is very important what

we're what we're going to be okay. So

this is fine right now. What we're

seeing we're seeing bullishness, but I

don't want to see this one go too much

further.

Yeah. Okay. This is not great. Okay. So

now what you're seeing is a Let me see.

Hold on. Let me zoom out. Yeah. Okay.

Yeah. Now what you're seeing is a

strength switch. So this is not very

good at this point.

So you're seeing a strength at the

highs. That generally means that YM is

also going to go to the low.

Do you see that strength switch guys

around here? So let me just play price.

We have not CSD. Oh yeah, we actually

have over here. That's fine. What about

this 4 hour candle? Okay, so this 4 hour

candle, we probably just want to wait,

but I honestly think I don't like this

reaction yet. I would be giving it a

little bit more time.

Okay, this is where if we're going to

hold, this needs to hold

right now. This asset over here, very

important. What happens over here? If it

goes lower, then it's going Yeah, I

Yeah, I've seen this many times. this

asset over here YM is definitely going

to hit I think it's going to hit these

lows and this could be even a skip day

because you know when 930 fails to

reverse like this um this is typically

when you know we're not going to see

anything happen here. So like we had the

original CSD, right? You have this CSD

here, right? But we're not having a

expansion through it. And this ass over

here is pretty much holding that SMT

that we're talking about like whatever

SMT is here. So this is really a day

that like you can totally skip, but I

honestly think that this asset here YM.

So if I go over here, 30 minute close.

What time is it? Hold on.

It's it's not it's not a closure yet.

C2. Yeah. I mean, it's technically not a

close, but I I know it's going to go

here probably. So, it's something you

could take. So, it would look something

like this more than likely.

But, um, it's a little bit more kind of

discretion based because if I got the

4-hour wick, it's pretty large. There's

no closure on the 30 minute, so we're

kind of going to skip it. But, it's

probably going to go down there if I had

to assume. Yeah, I mean,

probably.

Yeah, that's fine. But we won't take

that. Let's just let that go because I

kind of want to keep it more mechanical.

But you guys see me take stuff like that

all the time. But it's a bit more

discretionary. But uh so this is a bit

weird day because I don't think it's

going to go here. So this is about a

little bit about profiling when you're

like it's kind of like yesterday or what

day was it? Yeah, it's kind of like

yesterday where YM is expanding, right?

But there's nothing to target in close

proximity. It's just like EQ of a range.

Here's like the same thing. Like I'm I'm