📋 Video Summary

🎯 Overview

This video is the final lesson of the second level of a trading course, focusing on practical examples of applying order block and price structure strategies for market entries. The instructor, Trader Hermes, provides a summary of previous lessons and walks through two real-world trading examples.

📌 Main Topic

Practical application of order block and price structure strategies for identifying and executing profitable trades.

🔑 Key Points

• 1. Setting Up Your Trading View [0:50]

- Identify the timeframes you'll work with. The instructor recommends dividing the timeframe by 5. Avoid going too low on the timeframe.

• 2. Identifying Swings [1:53]

- Focus on external swings (the ones that break previous structure).

• 3. Identifying Liquidity Zones & PDRs [2:24]

- Look for areas of liquidity and potential order blocks.

- The only PDR mentioned is Order Blocks.

• 4. Order Block Confirmation [3:02]

- Confirmation is when price returns to the Order Block after breaking structure.

• 5. Types of Entries [4:18]

- Risk Entry: Placing an order directly.

- Entry based on the first level (explained in previous lessons). - Entry based on Order Block retest.

• 6.Trading is a Process [18:11]

- It is okay to lose trades. Learn from losses.

- Review trades during the weekend to learn.

• 7.Structure Break & Entry [20:12]

- Wait for a break of structure (BOS)

- Identify a valid order block. - Entry can be based on the order block. - Use a take profit at a previous high.

• 8.Trading Psychology [35:54]

- The instructor will only answer questions from people who have watched the videos and are applying the concepts.

💡 Important Insights

• • Timeframe Division: [1:14] Dividing the timeframe by 5 can help in choosing the right timeframes.
• • Order Block Importance: [2:47] Order Blocks are key for identifying potential entry points.
• • Risk Management: [17:33] Set stop losses and take profits based on previous swing highs and lows.

📖 Notable Examples & Stories

• • Example 1: Japanese Yen Analysis [6:01] The instructor analyzes a chart of the Japanese Yen, looking for potential buy setups, focusing on the 4-hour timeframe and identifying order blocks, liquidity zones, and structural breaks.
• • Example 2: Gold (XAU/USD) Analysis [25:30] The instructor analyzes a gold chart, highlighting how to identify order blocks, potential trade entries, and target zones, while also emphasizing the importance of managing risk and understanding market behavior.

🎓 Key Takeaways

• 1. Focus on identifying order blocks and price structure for high-probability trade setups.
• 2. Use multiple timeframes to confirm your analysis and identify optimal entry and exit points.
• 3. Practice identifying these setups and work to develop your own system.

✅ Action Items (if applicable)

□ Review the second level lessons. □ Practice identifying order blocks, liquidity zones and BOS. □ Backtest and paper trade to refine your trading strategy.

🔍 Conclusion

This video provides practical examples and reinforces the concepts learned in the second level of the trading course, emphasizing the importance of applying order blocks, understanding price structure, and managing risk to improve trading outcomes.