CONTENT

1. The Basics 5. Daily Range Price Action

1. Expansion And Retracement 1. Sessions
2. Fibonacci Retracement 2. Asian Session
3. Break In Market Structure 3. London Session
4. Range High and Range Low 4. New York Session
5. Failure Swing (SMS) 5. Accumulation, Manipulation And Distribution

2. Market Structure 6. Powerful Setups

2.1. Market Structure In Bullish Conditions 1. Turtle Soup
3. Liquidity 2. SH + BMS + RTO
1. Liquidity Types 3. SMS + BMS + RTO
2. Buy Stops Liquidity (BSL) 4. A.M.D
3. What to Focus on (For BSL) 7. putting everything together
4. Sell Stops Liquidity (SSL) 1. Confluence
5. What to Focus on (For SSL) 2. HTF analysis, LTF Entries
6. Stop Hunt: Manipulation For Liquidity
7. High Impact News Events
4. Order Blocks 8. Marked Up Charts
1. Bullish Order Block
2. Bearish Order Block
CHAPTER 1: THEBASICS
 1. THE BASICS
1.1. EXPANSION AND RETRACEMENT
Expansion =>occurs when there isan impulse
movement towards a direction.

Retracement => isthe correctionmovement after an

impulse movement.
 UPTREND DOWNTREND

E E R
R

E E R
R

E E
E- Expansion
R- Retracement
EXPANSION AND RETRACEMENT
 1.2. FIBBONACCI RETRACEMENT

USED TO DETERMINE THE END OF THE

RETRACTION MOVEMENT, USUALLY THE PRICE
RETRACTS TO 50% OR UNTIL OTE (0.62, 0.705, 0.79)
BEFORE ANOTHER IMPULSE MOVEMENT OCCURS.
 FIBBONACCI RETRACEMENT

E- Expansion
R- Retracement
 1.3. BMS - BREAK IN MARKET STRUCTURE

BMS occurs when the price closes above / below a

swing high/low, generally, every trader should trade in the
direction of the Higher Time Frame BMS.

NOTES:
AFTER BMS ALWAYS WAIT FOR RETRACEMENT.
 BMS - Break In Market Structure

OTE

OTE
OTE OTE

A to B- Downtrend OTE
OTE
B to C- Uptrend
 1.4. Range High and Range Low
After the BMS there will always be the formation of a
new consolidation,that iscalled RHand RL.

NOTES:
=> Trade inthe direction of the BMS
=> After BMS Waitfor retracementto 50% OR OTEof
Fibonacci levels.
 BULLISH BEARISH

RH RH
BMS OTE [Low Risk Sell]
OTE [Low Risk Buy] BMS

RL RL
Range High and Range Low

RH- Range High

RL- Range Low
 1.5. FAILURE SWING (SMS)

When there is an uptrend market and the price fails to

break the last top (Swing High) and breaks the
previous bottom (Swing Low), an SMS is considered
to have occurred (vice versa for Bearish).
 FAILURE SWING (SMS)

SMS
BULLISH BMS BEARISH
BMS BMS
 FAILURE SWING (SMS)

Bullish BMS Bearish

BMS

BMS
Chapter 2: MARKET STRUCTURE
 2.MARKET STRUCTURE
The price cansimply be found inoneof the 3
phases below:

1. In a CONSOLIDATION
2. In an UPTREND
3. In a DOWNTREND
2.1. Market Structure In Bullish Conditions
[VICE VERSA FOR BEARISH CONDITION]

The bullish market ischaracterized by making

Higher Highs and Higher Lows, but this
characterization isnot enough, it is necessary to
say that bullish markets are always breakingswing
Highs and respecting swing lows.
The fact that the price hasbroken a swing high,
indicates that higher prices should be expected, soit is
negotiated inthe trend inwhich the market structure
was broken.
2.1. Market Structure In Bullish Conditions
[VICE VERSA FOR BEARISH CONDITIONS]

BMS

BMS
OTE[LRB]
BMS
OTE NOTES:
=> The Price is breaking the highs only
=> After BMS the price Retract to 50%/OTE of
Fibbo Levels.
LRB- Low Risk Buy
2.1. Market Structure In Bullish Conditions
[VICE VERSA FOR BEARISH CONDITIONS]

[LRB]

[LRB]
LRB- Low Risk Buy
 MARKET STRUCTURE

BMS OTE

BMS
BMS BMS
BMS
OTE BMS
OTE
BMS
OTE

"Trade In Direction Of BMS"

Chapter 3: LIQUIDITY
 3.LIQUIDITY
TheFOREXmarket is a zero sum game, which means
thatfora trader/institutionto buy/sell1 currency pair it's
necessary that there is another trader/institution with
an opposite position.

If Smart Money (Banks) wantto buy a currency pair they

will need sellers inthe market, the existing facility to
place these positions Inthe market is called LIQUIDITY.
The Liquidity is definedby Stoplosses, where the
Stoplossesexist is where the liquidity also exists,
Smart Money need to activate the stop lossesof
existing ordersin the market so that they can place
their positions in the market.
The banks manipulate the price because of
liquidity, but why? banks negotiate large trading
volumes and sometimes find it difficult to find the
other side of their trades, so they manipulate the
price so that they can have their positions in the
market.
 3.1. LIQUIDITY TYPES

In the FOREX market there are twotypesof

liquidity, which are:
1. BuyStops Liquidity (BSL)
2. SellStops Liquidity (SSL)
 3.2. Buy Stops Liquidity (BSL)

The BSL isoriginated by StopLosses of sell

orders, after the BSL istaken, the market reverses
to the downside,becausebanks use the BSL to
placesell ordersinthe market.
 3.3. What to focus on (for BSL)

PMH - Previous Month High PWH -

Previous Week High PDH - Previous Day
High HOD - High Of Day
OLD HIGH - Swing High
EQUAL HIGHS = Retail Resistance
 BSLTAKEN BSLTAKEN
X EQUAL HIGHS
X

X- PMH, PWH, PDH,

HOD, OLD HIGH.
PMH - PREVIOUS MONTH HIGH
PWH - PREVIOUS WEEK HIGH
PDH - PREVIOUS DAY HIGH
HOD - HIGH OF DAY
EQUAL HIGHS = Retail Resistance
 3.4. Sell Stops Liquidity (SSL)

The SSL isoriginated by StopLosses of Buy

orders, after the SSL istaken, the market reverses
to the Upside,becausebanks usethe SSL to place
Buyordersinthe market.
 3.5. What to focus on (for SSL)

PML - Previous Month Low PWL - Previous

Week Low PDL - Previous Day Low LOD -
Low Of Day
OLD LOW - Swing Low
EQUAL LOWS = Retail Support
X X
EQUAL LOWS
SSLTAKEN SSLTAKEN
X- PML, PWL, PDL,
LOD, OLD LOW.
PML - PREVIOUS MONTH LOW
PDL - PREVIOUS DAY LOW
LOD - LOW OF DAY
OLD LOW - SWING LOW
EQUAL LOWS = Retail Support
When BSL istaken, the market reverses to the
downside.
When SSL istaken, the market reverses to the upside.
 3.6. Stop Hunt: Manipulation For Liquidity

SH isa movement used to neutralize liquidity (stop

losses). It's a false breakout above / below the zone
where there isLIQUIDITY.

THE MARKET MARKERS(BANKS) USUALLYUSE

HIGH IMPACT NEWS TO TAKELIQUIDITY.
Stop Hunt: Manipulation For Liquidity

SH- Stop Hunt

Stop Hunt: Manipulation For Liquidity

SH- Stop Hunt

 High Impact News Events

The High Impact News Events are used to hunt

liquidity in the market, always pay attention to the
news calendar, to know the pairs that will move,
generally, pairs with many news forecasts("High
Impact"), those pairs are going to move (trending)
during the day or week.
Chapter 4: ORDER BLOCKS
 4. ORDER BLOCKS [OB]

OrderBlocks are candles where Market Makers

(Banks) have placed theirpositions, generally,
the market returns to those candles and they are
neverviolated ("if they are really OB's")

There're 2 typesof OrderBlocks:

1. Bullish OrderBlocks
2. Bearish OrderBlocks
 4.1. BULLISH ORDER BLOCK

The Bullish Order Block is the last bearish candle

before the bullish movement, that Break The
Market Structure Higher.
Represents a high possibility of holding the price,
when the price returns to it.
 BULLISH ORDER BLOCK

BMS

Buy Entry
The Bearish Candle
Before The Bullish
Movement, that BMS
Higher

SL below the OB
BULLISH ORDER BLOCK
 4.2. BEARISH ORDER BLOCK

The Bearish Order Blockisthe lastbullish candle

beforethe bearishmovement,that Break The
Market StructureLower.
Represents a high possibilityof holdingthe price,
when the price returns to it.
 BEARISH ORDER BLOCK
SL above the OB

The Bullish Candle

Before The Bearish
Movement, that BMS
Lower Sell Entry

BMS
BEARISH ORDER BLOCK
 H

=
O
L

Chapter 5: DAILY RANGE PRICE ACTION

 5. DAILY RANGE PRICE ACTION
The Daily Rangeis definedby: Open Price,Low Of
Day, HighOf Day and Close Price.

C
O- Open
Price L- Low Of
= Day H- High
Of Day C- Close
O Price
L
Bullish Day Bearish Day
H H

C O

O C

L L
 5.1. SESSIONS

The Daily Range isdefinedby 3 important

sessions, which are:
1. Asian Session
2. London Session
3. New York Session
 5.2. Asian Session

The Asian session is characterized by being a

consolidation (of 20 - 40 pips), due to the lack of
liquidity in the market.

Delimitation:
The session starts from 02:00 until 08:00 (UTC
+2).
ASIAN SESSION
ASIAN SESSION
 5.2. London Session
The London Session ischaracterized by making the
Low Of Day or HighOf Day, it can be used to take
traders to the opposite side of thetrue direction
of the day(BecauseOf Liquidity).

Delimitation:
Not the whole London session need attention, focus
on the first 2-3 Hours at the beginning of the session:
From 09:00 until 11:00/12:00
UTC(+2).
London Open
London Open
 5.3. New York Session

The NY session is characterized by being a

retraction after the London Session made the
Low/High of the day, sometimes the NY session
can make the Low/High of the day.

Delimitation:
Not the whole NY session need attention,
focus on the first 2-3 Hours at the beginning of the
session: From 14:00 until 16:00/17:00 UTC(+2)
New York Open
New York Open
New York Open
5.4.Accumulation, Manipulation And Distribution
[AMD]

Accumulation:
The accumulation of positionsgenerally occurs during
the Asian session,the accumulation is characterized
by beinga consolidation (Asian
session), but it may not be the Asian session.
Manipulation
usually occurs at the opening of the London
session (sometimes it can be NY open), this
Manipulation consists of taking the price to the
opposite side of the true direction of the rest of the
day.

Distribution:
occurs when MMs liquidate (Exit) their positions.
 AMD on the daily Bar

D{ A{ } M

A{ D{
}M
 Bullish AMD DAILY BAR
VICE-VERSA FOR BEARISH

D D
1

1 M
M

LO/NYO
1. Accumulation [Asia Session]
2. London Open / New York Open
Bullish AMD
Bearish AMD
The Market Makers(Banks) Buy/Sell
below/Above the Asian Session/openprice
(BecauseOf Liquidity).

Asian Session/Open Price:

Below: SellStops Liquidity [SSL]. Above: Buy
Stops Liquidity [BSL].
Chapter 6: POWERFUL SETUPS
 TURTLE SOUP

Turtle Soup isthe sameas StopHunt, isa movement

used to neutralize liquidity (stop
losses). It's a false breakout above / below the zone
where there isliquidity.
Turtle Soup Short [TSS]
Representa short setup, it'sa false break above a
zone where BuyStops Liquidity Exist.

Turtle Soup Long [TSL]

Representa long setup, it'sa false break Below a
zone where Sell Stops Liquidity Exist.
 How To Trade Turtle Soup
The price usually Sweeps 5-20 pips (evenmore)
above or below a point where liquidity Exist, after
the price sweepthe point,enter a trade against the
movement used to Sweep Stops (Liquidity) with
Minimum 10 pips SL (In Lower Time Frames).

Thatmeans:
BSL Raid => Turtle Soup Short SSL Raid => Turtle
Soup Long
 TURTLE SOUP SHORT
SL

10 pips SL (min)
SELL
5-20 pips Sweep
X BSL Turtle Soup Short

X- PDH, HOD,
OLD HIGH, EQUAL HIGHS
TURTLE SOUP SHORT
 TURTLE SOUP LONG

X SSL 5-20 pips Sweep

Turtle Soup Long
X- PDL, LOD, BUY
OLD LOW, EQUAL LOWS 10 pips SL (min)

SL
TURTLE SOUP LONG
 Stop Hunt, Break In Market Structure and
Return To Order Block [SH, BMS, RTO]

WhereMarket Makers(Banks) have taken liquidity

(SH), they have placed positionsin these areas
and generally the price must not exceed these
levels.
 How To Trade SH + BMS + RTO

1. First, occurs the SH, that movement isused by

Market Makersto neutralize Liquidity.
2. Second, there'sa Break In Market Structure (BMS)
, Confirmingthe SH.
3. Third,the price Return To OrderBlock (RTO).
 Bullish SH + BMS + RTO

1st Target

BMS

BUY
X SH RTO
SL
Bullish SH + BMS + RTO

x BSL [1st TARGET]

x BSL
Bearish SH + BMS + RTO

SL
X SH RTO
Sell

BMS
1st Target
Bearish SH + BMS + RTO

1st Target
Failure Swing (SMS), Break In Market Structure and
Return To Order Block [SMS + BMS + RTO]

When the price fails to breaka top or bottom, it

showsthat the trend isending and a reversal may
occur
 How To Trade SMS + BMS + RTO

1. First, the price fails to breaka top or

bottons.
2. Second, there'sa Break In Market
Structure(BMS), Confirmingthe SMS.
3. Third,the price Return To OrderBlock (RTO).
Bullish SMS + BMS + RTO

BMS

BUY
RTO
SL
SMS
Bullish SMS + BMS + RTO
Bearish SMS + BMS + RTO
SMS
SL
RTO SELL

BMS
Bearish SMS + BMS + RTO
Accumulation, Manipulation And Distribution [AMD]

How To Trade AMD:

- Accumulation: the price will be ranging.
-Manipulation: the price will breakthe range direction
to trap traders (Becauseof Liquidity)
- Distribution: the price will go againstthe
Manipulation movement,and here, look to go long/
short on: Simple RTOs, SH + BMS + RTO,
SMS + BMS + RTO.
 Bullish AMD
VICE-VERSA FOR BEARISH

Distribution

Accumulation
Go long on:
Simple RTO
SH+BMS+RTO
SMS+BMS+RTO
Accumulation

Manipulation
Bullish AMD
VICE-VERSA FOR BEARISH
Chapter 7: PUTTING EVERYTHING TOGETHER
 CONFLUENCE
Confluence isvery important to increase the chances
of winning trades, a trader needs to
have at least twofactors of confluence to open atrade.
When the confluence exists,the
trader becomesmore confident on his negotiations.
The Factors Of Confluence Are:
Higher Time Frame Analysis; Tradeduring London
Open; Trade during New York Open;
Refine Higher Time Frame key levels inLower Time
Frame entries;
Combine setups;
Trade during HighImpact News Events.
 7.2. HTF analysis, LTF Entries
Refine HTF key levels in LTF entries or setups for
confirmation that the HTF analysis will hold the
price.
HTF Key Levels Are:
HTF Order Blocks; HTF Liquidity Pools;
HTF Market Structure.

Note: It's not mandatory to refine all HTF key levels.

Time Frame Setups

For Swing Trading

HTF: Weekly, Daily, H4.
Entries: H1, M30, M15 (Sometimes on H4).

For Short Term Trading HTF: Daily, H4, H1

Entries: M30, M15 (Sometimes on H1).

For Day Trades and Scalps HTF: H4, H1, M30

Entries: M15, M5, M1 (Sometimes on M30).
 Swing Trading Example

Weekly Time Frame

HTF Setup: Turtle Soup Long.

 Swing Trading Example

H1

LTF Setup: SH + BMS + RTO.

 Swing Trading Example

Daily Time Frame

HTF Setup: SH + BMS + RTO

 Swing Trading Example

LTF Setup: Turtle Soup And SH + BMS + RTO.

 Short Term Trading Example

LTF Sell Opportunity

A d ic io n a ru m tíu lo

BMS

HTF Setup: Simple RTO after BMS.

 Short Term Trading Example

LTF Setup: SH + BMS + RTO.

Another Confluence: RTO During New York Open.
 Short Term Trading Example

HTF Setup: Simple RTO, After SH.

 Short Term Trading Example

LTF Setup: SH + BMS + RTO inside of 4H RTO.

 Day Trades and Scalps
Highlight:
Asian Range(To buyHighor SellLow) "If it's
possible".

Enter a trade during: London Open

New York Open
Price retesting HTF KeyLevels HighImpact News
Events.
 Day Trades and Scalps

NYO

Setup: SH + BMS + RTO.

Confluence: RTO during New York Open.
 Day Trades and Scalps

Setup: Turtle Soup Long and SH + BMS + RTO. Confluence:

Turtle Soup and RTO during New York Open.
Chapter 8: MARKED UP CHARTS
 EUR/USD

BUY
SL

PWL Taken Out = SH

LTF Setup: SH + BMS + RTO
 NASDAQ

BMS

HTF Setup: Simple RTO ON H4 OB = SHORT SETUP

 NASDAQ (CON..)

H1 Turtle Soup Short + H4 RTO

 NASDAQ (CON..)

LTF Setup: SH + BMS + RTO inside of H4 OB

 GBP/CHF

RTO

BMS

HTF Setup: SH + BMS + RTO

 GBP/CHF (Con..)

RTO

LTF Setup: SMS + BMS + RTO

 NASDAQ

SH + BMS + RTO
NOTE: Trade during London Open, New York Open, High Impact News Events
 USD/CAD

SH + BMS + RTO
The H4 RTO Could be refined in LTF entry.
 EUR/USD

PDL Liquidity run = SH = Turtle Soup Long.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 EUR/USD

PDH Liquidity run = SH = Turtle Soup Short.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 EUR/USD

SH + BMS + RTO.
NOTE: Trade during London Open, New York Open, High Impact News Events.
 EUR/USD

x x

RTO

SH + RTO.
NOTE: Trade during London Open, New York Open, High Impact News Events.
 AUD/USD

SH + BMS + RTO.
The H4 RTO Could be refined in LTF entry.
.
 NASDAQ

Equal Highs Liquidity run = SH = Turtle Soup Short.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 NASDAQ

SH + BMS + RTO.
NOTE: Trade during London Open, New York Open, High Impact News Events.
 EUR/USD

BUY SL

SH + BMS + RTO.
NOTE: Trade during London Open, New York Open, High Impact News Events.
 GBP/USD

Equal Lows Liquidity run = SH = Turtle Soup Long.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 AUD/USD

SH + BMS + RTO.
The H4 RTO Could be refined in LTF entry
 GBP/USD

Bullish Market Structure

Confluence: SH + BMS + RTO AND SMS + BMS + RTO.
 GBP/USD

Bullish AMD with a RTO during the Distribution Phase.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 GBP/USD

PDL Liquidity run = SH = Turtle Soup Long.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 GBP/USD

LTF Setup: SMS + BMS + RTO Below PDL.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 GBP/USD

X PDL

Accumulation, Manipulation and Distribution| PDH Liquidity Run

Confluence: London Open.
 GBP/USD

Accumulation, Manipulation and Distribution.

Confluence: London Open.
 GBP/USD

Turtle Soup Long and Bullish Market Structure LTF

Buy opportunities on HTF OTE
 EUR/USD
SL

SELL

SH + BMS + RTO
Confluence: RTO during London Open.
 EUR/USD

SH + BMS + RTO
NOTE: The H4 RTO Could be refined in LTF entry.
 EUR/USD

RTO

SH + BMS + RTO
NOTE: The H4 RTO Could be refined in LTF entry.
 EUR/USD

BUY

SL

SH + BMS + RTO.
NOTE: Trade during London Open, New York Open, High Impact News Events.
 GBP/USD

Equal Highs

SH

After SH, Buy opportunities available on every RTO.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 GBP/USD

SH + BMS + RTO combined with AMD.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 GBP/USD

PDL Liquidity run = SH = Turtle Soup Long.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 GBP/USD

PDL Liquidity run = SH, After SH, Buy every OB in LTF.

NOTE: Trade during London Open, New York Open, High Impact News Events.
 EUR/USD

The Market Hardly reverses without taking Liquidity! After

HTF SH look for LTF entry setups.