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Tag: 2026july

  • TRU Mentorship Sunday – Chain of Custody | July 26, 2026

    Summary — Monday mentorship on “chain of custody” (mapping unrealized dealing ranges)

    Purpose

    • The session explains how to identify, grade and trade unrealized dealing ranges (PD arrays) — i.e., where price is likely to run to and where intra-day PD arrays (order blocks, fair value gaps, breakers, etc.) should form. The method uses time-based session anchors, octants/quadrants on a fib, and PD-array validation to distinguish retracements from reversals.

    Key practical rules and workflows

    • Anchor your intraday canvas to clear, time-based reference points: previous month/week/day highs & lows, last three days’ high/low, and session highs/lows (e.g., midnight ET opening price and 2:00 AM ET for the London window).
    • For London trading specifically (trading 3:00 AM London session; 2:00–5:00 AM ET): use the range from midnight ET open to the low formed before 2:00 AM ET. If a CB/SIBI exists there, anchor your fib to the high of the relevant CB (number-two candle) and draw to the low of that two‑hour range. Grade the range with octants/quadrants and wait for PD arrays to form at those levels.
    • If you trade only London and plan to be done before NY open, aim modest targets (e.g., 25–30 handles on Nasdaq CFD) and accept you won’t capture multi-session daily range.
    • When using new‑day/new‑week opening gaps or registered opening range gaps, require agreement (inefficiencies both above and below price) and use them as additional anchors for grading and stacking PD arrays.

    Order flow & PD-array validation

    • True continuation setups form predictable PD arrays at octant/quadrant levels; if price consistently fails those levels or tears through non‑anchored FVGs/blocks, expect consolidation or a reversal.
    • Practical signals: how candles trade into/around prior candle bodies/wicks, relationships of body-to-wick, and whether fair value gaps remain unfilled or are aggressively taken out — these are the real order-flow clues.
    • Speed and how many PD arrays are invalidated matter: knocking off three PD arrays tends to indicate a reversal; fewer may be a retracement.

    Volume imbalances, suspension blocks & stops

    • When toggling settled/unsettled imbalances, use the more prominent (larger) volume imbalance as your reference — it’s less likely to be invalidated by noise.
    • For a suspension block formed by a 3-bar pattern, identify the three reference PD-array levels (lower imbalance high, midpoint/consequent-encroachment, and the upper imbalance high) to define bias/stops and invalidation points.

    CFD vs futures guidance

    • If you trade CFDs outside the U.S., analyze the equivalent futures contract for cleaner structure and use that for bias; map those levels to your CFD chart at the same candle/time. Expect CFDs to underperform the futures’ ultimate range, so scale targets down (take partial profits earlier).

    Practice advice

    • Spend time backtesting and studying the grading concept across sessions and higher timeframes. Start with the simple rule set (session highs/lows, prev day/week/month, last three days), learn to recognize PD-array formation around octants/quadrants, then build to more complex gap & mitigation flow ideas.
    • The methodology rewards patience and pattern recognition rather than guesswork — grade the canvas and wait for PD arrays to validate the bias.

    Other notes

    • Several live Q&A examples illustrated the rules in real charts (London trading, a Nasdaq CFD question, and a weekly/monthly suspension block sweep), and the tutor stressed using higher timeframes to set bias and the octant/quadrant grading to confirm intraday opportunities. The session included off-topic banter about live trading and community personalities.

  • Monday Mentorship w/Michael | July 20, 2026

    Summary of the Trader Roundup session

    – Technical issues: the call suffered repeated audio/video problems (platform “X”), causing dropouts and delays; hosts created a “mic gate” and will use traderroundup.com/mikegate (the “purple pill”) to collect and organize future questions and chart uploads.

    – Core teaching theme (Michael): pick one model/timeframe and stick to it until you master reading price action. Jumping from model to model dilutes learning; a single, repeated process builds discipline, experience and the ability to later stack additional models as confluence.

    – Seasonal tendencies: useful probabilistic tools — they are not guarantees. When a seasonal tendency fails to form, that failure is itself an important bearish/bullish signal (probability often flips).

    – Order blocks / first-presented concept: Michael defines an order block as a change in the state of delivery at an opening price (e.g., a down-close candle whose opening becomes the trigger once price trades through it). This is a precise, time-framed concept (example: first down-close between 9:30–10:30 on a 1‑minute chart). He emphasized retail misunderstandings of the term and clarified it is not a zone defined by number of orders or engulfing candles.

    – Fair value gaps, suspension blocks, volume imbalances: discussed grading/anchoring gaps to opens and wicks; suspension blocks require specific gap relationships across days, while other overlapping-gap scenarios need different treatment (anchor to the opening price and relevant wicks).

    – Trade management and protocols: if your model’s expected behavior fails, treat that as data — either course-correct, stand aside, or flip bias. Have explicit rules for entries, exits, position sizing and when to stop trading.

    – Trader psychology advice: many failures come from impulsiveness, revenge trading and chasing big payouts. Practical remediation: reduce risk/size, trade micros, aim for small consistent targets (e.g., $100/day), stop after target is reached, journal, and follow strict rule-based routines until emotional control and consistency develop.

    – Q&A highlights: several listeners (new and experienced) asked about first-presented order blocks, how to apply them in specific time windows, and how to treat overlapping imbalances; Michael answered with concrete chart-time examples and reiterated focusing on the timeframe in use.

    – Next steps: organizers will prioritize pre-submitted mic-gate questions/charts at the start of future sessions to improve flow and ensure quality answers.