Day Trading Crash Course #4 ( Understanding Corrections )

[0:00]Hi guys. So today we're going to talk about corrections. Um, a lot of people get this one confused or they mess this one up a lot. So I'm going to break it down in my best abilities. But me personally, as long as you make sure that everything is aligning whenever you are switching time frames, cause this would require you to switch time frames to understand how a correction's going to be over. Um, there's no way you can tell when a correction is gonna start, but you can definitely tell when it's going to be over. So that's what I'm going to explain today. And currently I'm already in a trade, as you're going to see. I'm currently in a trade and floating $2.2 million, and this is gold buys. And I was talking about this on the Telegram, um, two, three days ago, uh, two days ago, so make sure you guys are in the Telegram, uh, to make sure that you guys are just getting my updates whenever I am posting in there, and, you know, just keeping up to date with what life has got. But, um, yeah, with that being said, make sure you guys like and subscribe, and I'll see you soon. I love you guys. Alright, so today's going to be about corrections. Um, when it comes to corrections, this is pretty self-explanatory. If the indication, so if we have indications, which is a higher high and then a lower low, the corrections is going to be lower highs and higher lows. So, when it comes to both of these, I want everybody to understand that all you're doing is basically waiting for price to make this lower high and higher low. So in the scenario that I'm going to show, I'm going to show higher lows. All you're doing is jumping from the four-hour time frame, so you're identifying the trend on the four hour. This is to identify, so let's just say identify. And then the one hour is to basically keep up with structure, so this is like taking tabs. And just making sure you are knowing what trend we're on, seeing the flow. This is probably going to, let's just call this our flow, right? So first is to identify, then it's our flow state, and then 15 minute time frame is to find the details. So this is going to be the small details that end up making up everything else. So in this scenario that I'm going to show, you're going to see me come from the four-hour time frame to the one-hour time frame to the 15-minute time frame. And as we can see, uh, let's go ahead and delete all this. So I'm currently in this trade, as you can see at 4,534. So I'm going to go ahead and mark exactly where I'm at. So we're going to come here, tag this. We're going to go 4,534, so I'm right around here. Put this right around here so I can show you guys. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level. So, when it comes to basically understanding what market or what market structure is or what the direction is, it goes back to trends. So if we know we are in an uptrend, we know that all we're looking for is a high, a higher high, or a higher low. Those are the only things that we're worried for. Higher highs, higher lows. So in this scenario, we can see that price makes a high, higher low, higher high, higher low, higher high, higher low, higher high. So our main objective for corrections is basically spotting out the indication. So our first and foremost spotting out indications, and remember, indications can only be higher highs or it can be a lower low. So in this scenario, we're marking out our higher highs. So basically what I did was, and I'm going to pull this up too, so I kind of have a reference to go off of. If you are not in here, make sure you click the link down below to join this thing. It's for free. So it's a Telegram where I basically tell everybody what I'm thinking, what my thoughts are, what the market is looking like, and just overall an update. So as you can see here, on the four-hour time frame, I'm telling people that price on the four-hour has already made a high and now this is the correction. Now, I don't necessarily need to be on the one hour to see it, but I can see that price went up high and now it is selling off. But for reference, this is what the one hour looked like. Four hour made a high, but the one hour started downtrending, and this is where the correction starts. So all that happened right here. So, let's break all this down. I'm going to delete this. Break this down right here. And then remember my entry came from right around this level.