Market Replay Reclaims and Rejections
This video provides an informative lesson on how to identify if a level is reclaimed or rejected in trading. The instructor covers various types of reclaims and rejections, including candle close, retest, market structure-based, and value-based reclaims. They demonstrate these concepts using real-life examples on Bitcoin, Ethereum, and the NASDAQ, analyzing the charts on different timeframes. The instructor emphasizes the importance of using market structure and value area in conjunction with these reclaims and rejections to make informed trading decisions and build context for the market.
Timestamps:
- [00:05:08] Introduction and overview of the topic: identifying if a level is reclaimed or rejected
- [00:08:32] Types of reclaims and rejections, from most aggressive to conservative:
- Candle close
- Retest
- Market structure-based reclaim
- Value-based reclaim
- [00:09:55] Example of a candle close reclaim on Ethereum
- [00:26:25] Explanation of market structure-based reclaims using three pivots
- [00:28:33] Example of a market structure-based reclaim on Bitcoin
- [00:36:32] Example of a value-based reclaim on the E-mini S&P 500 (ES)
- [00:42:34] Analyzing reclaims and rejections on the NASDAQ using the replay feature
- [00:59:06] Q&A session addressing viewer questions about:
- Best timeframes for confirming successful reclaims
- Adjusting fixed range volume profile
- Using candle closes for confirmation
- [01:10:01] The importance of reclaims for context building in trading
The instructor encourages viewers to practice backtesting these concepts and to ask questions if anything is unclear. By understanding and applying these reclaim and rejection strategies, traders can make more informed decisions and better interpret market context.