Understanding Price Action in Trading

as a really good level to be treated in the future,

and you can keep that projected in the future,

and it'll use it again.

Kind of like a balanced price range,

where we want to see price go up and down

between two specific price points,

and then that thing becomes a very formidable area

of defense, if you will, okay?

And think of it like the bolo.

If you see a balanced price range form,

you can use it to protect your stop loss as a barrier,

much like I taught with the bolo.

So it's not just PD arrays that puts you into a trade,

but there are PD arrays that are outside the 81.

So bolo is not part of the 81.

81 are entry models.

They're entry PD arrays.

Bolos, okay, and balanced price ranges,

their utilization are defensive.

They help give you context.

They give you structure and framework

about what is not permissible in price action,

and if they fail to do their function

of keeping price outside of them,

they many times indicate a significant shift

in market structure, and it may indicate

something much more powerful going the other direction.

So even if you do have these utilized

in your engagement with price action,

if they yield to you and say,

we didn't do a good enough job

of keeping price out of this area,

and it trades through that, don't be fearful.

Look at that and say, oh, it fails,

and it failed, so they changed the algorithm.

No, it's actually giving you information,

telling you that something on the other direction

is underway, and just simply take the next PD array

to get in sync with it, and many times

you'll catch a tiger by the tail.

No extra charge.

You got that one.

If you didn't write that down,

you missed something really, really good.