[Music]

Hello everyone, welcome and

welcome to this new video of



institutional wheat trading in Spanish. In this video we are going to

delve a little more into the

liquidity part and we will go beyond seeing the

dynamics of

how the  Institutions how they

create liquidity in the markets

through the creation of false floors and

false ceilings and then they accumulate

those orders where they accumulate and where

we can expect

these orders to reside

the main one the main structure that

we are going to study will be the

orders of the order blocks the order of the

blogs the exit and the order of the blogs, which are

those of michael hudson and then I

will give a slightly more

extended definition of the concept so that it

allows us to be more effective in the analysis

and have a greater capacity to  to get it right and to be

able to operate in different situations

where a perfect blog order is not given,

then the first thing

I always like to do a little review when  do

we analyze a market is to look at the

general structure is worth if it is

rising or falling then

we study the swings we see the ruptures



of the structure or if the structure is

maintained in one direction or another and that

gives us

the ability to be able

to  to be able to

study more effectively to be

able to better focus attention on the

points d

on the points d

of interest that we

consider best in that sense

because for example it is falling because

we will pay more attention to the parts

of sales and service liquidity it is

going up we will look for the parts

of purchasing liquidity to see where they are

and to be able to join the path of the

institution, it is worth being able to

enter the path of the institution

because we want to be

basically buying while the price

falls in some way in a way perhaps

not absolutely worth it

and we want  be

selling while the price is

rising because if we sell each time at

higher prices, the more it goes up the better.  or

for us if we buy if we buy

each report falls better because we

buy them cheaper and we want we will

earn more when it goes up, it is worth but of course

we cannot do it

directly because we never know how

far the price will go down and if we start

buying here when we see  that begins to

fall because we may overflow the

account of so many purchases in red and

we have to close the account of

exposures and we have many losses

also if we sell you can go

up to infinity and take us out of the game

but very easily then we have

little to qualify this  to buy while

the price falls and sell while it rises

as a general rule what we will do to

analyze

the price is to define a range a range

of the same then if for example this

is the maximum here there will be a

better line the line if this was the  Maximum



system fell to the maximum from here the price fell

to the bottom here and then to a minimum

here in this fall the range you have

Our price goes from here up to

down is our range

so in general when we see a

range what we will do is

see if the price is expensive or cheap

within that range

if we draw a line that divides

the range in two like this  A priori a priori

we can say that the lower part

of the range

the price was cheap and the upper part

was expensive and by default we can say

that in the lower half we will be

willing to buy within that

reference structure and in the

upper half we would be willing  to sell

within that reference structure as

long as first the structure

was bearish second

we had enough liquidity to

sell third market gave us

some signal to sell is worth to sell and

the reverse to buy what then

what happens if we, for example,

buy  in this area of here the price is

still but hey is somehow

falling is falling in global is

still still c  going and our

sections are already long and we join the



institutional operator

when it starts to buy we would sink

into the institutional worst while the

price falls we will already buy in the lower zone

that symbolically although price

should start to move we are

buying a little at the levels that  The

same

institutional operator has bought

while yesterday prices we have

a good shopping area and we are

accompanying print late because before

we have to see how the

institutions move but we are buying

while the price is general and

then we will sell as it rises

again if  We want to sell we will do the

same but we see at what price it is

falling suppose we want to

sell up here that price rises

while it is rising and we already see that it

is around here because we would put the same if

we see signs of weakness a sale and it

would come from above we

would never sell we would never wait  for the

price to break the structure for a

top and we would buy above to see that there is

strength like the

beatles do we will not do that we

would always do the opposite we would put

95% of the people who lose when they

are buying

well then

we are going to start with the first

structures that are the order blocks

word or blogs in exit and then

the order blogs

order blogs seems to write already style

as a better label here

the order blogs

are blocks of orders is worth and that is where

I told you that before in the

liquidity part where

in this last fall when price is

falling  As the

institution falls, it is buying voucher it is

accumulating that it is said it is accumulating

sales orders it is buying buying buying

buying buying

and it is accumulating good it has ordered

purchase orders it is buying from

people it is selling it they are

accumulating sales of people and  They

buy when the price drops,

the institution decides to raise the price,

so what does it do as it already has?  In many

sales orders that they have bought they have

many purchases they start to sell

and people start to buy and then

that institution that we know

is the one that has perfect knowledge

where they will have been buying more where they

will have bought the last lot where more

money because  They need a lot of liquidity a

lot of liquidity

to raise the prices where they will have

completed that lot and

we will probably say ideally I have bought more

just at the end of this decline because I

always buy at the optimal price

we are going to assume even if it is not

exactly

so the price where really

the volume of purchase of the institution

is made is just the beginning the minimum price

the minimum because

an institution had a perfect knowledge of the market that

knew that at this minimum but the minimum

price at which people would be

willing to buy to sell as  to

sell at the minimum price and then they

could move everything and we are going to assume that

in this  last candle and at this last

point is where there is more price volume,

so this must be a

strong level,

what happens? The definition of blog order

is precisely the last candle that

exists for the last candle for a bearish time frame





the last candle  what was there in one direction

before the price moved in the

opposite direction this black candle

is the blog when the price rises and

falls again the one that rises creates

a bottom and falls where you fall within the

block order

raises the people  begins to buy to see

that the market rises low sweeps the

buyers who were at this level are

left out of the game and then the

same market already

launches the price directly without going

back up to where it was up here

where they know

that the  for the two sales

orders that are country purchase orders, they go up and

place what they had bought at the lowest

price to where they know that the

volume is right up here and that there is here

arr  I was going well

if you look there are some from the

sales blog because because the blog order is the

last candle that was before the

price rotated and rotated in the opposite direction, you

know what is here good

from the sales blog the last truth that rises

is this  the white one

and it is where is

precisely

the level at which these

this that is seen a little

adjustments just goes up here above this and

where it goes up to the block order because

because the sellers and the institution of

the speculators here had been

buying them where up here right

at this level above this candle is

where they had made more sales volume

where they had been selling the most good

in this case buying not to sell

they had here positions they started

selling from up here so they

cannot allow the price to rise higher

than their own  sales level because if they do not

start to lose money on their

own entrance they cannot allow their

solitude and locations that before it

happens they place  All these

buy orders are placed lower by

selling again to make money and

one of them has gotten rid of this

blog order, they go for the next one through the

next

zone according to the same logic

where the next block order is

and now then  I will give you an extension of

the door concept of the blog so that you

understand and other things it is also valid

then the blog order

not only only the only liquidity area

is not the only objective area but

it is one of the main ones, in

this case this order is valid  blog is the

final point at which they reach if they reach a little

higher then I will explain why but

you realize that they barely reach

higher and that it is the area in which the

price is then falling because it

does not reach higher because in reality the

blog order is one or more contiguous candles,

it is the last but if

we have contiguous candles of the same color,

anyone from up here to

down here Mr. of the blog is received when



the pre bounces down  cio enters the general blog order

and bounces up so that there is

another art the blog

what is made within this blog order

another is created and the price falls in the order

what the bounce up is worth

because because the price is rising at the

time  and in block order but because it is

going up to the one that he is lord the blog

as the price is going up take what

was needed and it keeps going up

then that would be the definition of

blog order in terms of this it if it is

worth michael hudson and it is like him  He

explains it in his texts but but but

also we can

define them, he revealed that a

slightly more generic way is that the or of the

block is the last movement that there was

before the market turns in the opposite direction,

so if I take this

last candle that was  The low there was

a low here and I extend to the

high before the market fell I

catch the high of the next candle

in this way because if this candle went up

the hill here when opening this candle next  It went

up and then fell so that all this

journey we can consider it a

blog order because I am still in 15 minutes

but if I left five minutes it is

possible that here within or in a minute

there would be a blog order within the

one minute graph

and it may be  That is why the price reached

up here in general,

as we see ourselves when we are in a time

frame the smaller time frames

we assume that all the movement

that there was in this case, for example, this

white candle should be included

within the block order.

the last movement that goes

down since it was raised and we

consider it between what would be a block order,

a block of orders and

in the face of the rises, for example, we

have seen the decline more if

we now look at how it begins to rise here

a  fall the price falls and rises

worth where is the last fall since

it will rise up to here is placed

here within this truth is worth price

fell here  down from up here

that opened fell to down here then

the price rose rebounded and went up there

where the next level is here

where the maximum is here

this is the order blog of act but as

we are going to see the fall we take the

maximum this is at  On the other hand, we can take

this alone,

because here we are worth the price

this error of 1 x goes up which is the

next fall

is

this time the fall is down to this level

the price rises each blog trainer and



the next fall continues this work of  It goes up

and I don't know if in the future it reaches

the level or does not reach the level,

it is worth it, it goes up

and up in this case, not all blog color,

nothing happens, the blog does not always have to

arrive, this is always

approximate things later when  the price

reaches up here where it forms the

blog order here it is worth mainly it could

form it from lower ones and it could take

all the contiguous ones of the same color or

the next two

or it is

alone the price falls and look at this  watch

as fair ubeto blog heat put your veto blog heat bite





here another block order is generated another

order block of orders

what other

and so what we do we sell

in the envelopes we buy them in the

arrangements we do not use the

blog order to add  as I have said

confluences to add

areas of interest but not necessarily

to buy it because as I have said in

this teaching there is no

structure that I am going to teach that by

itself is sufficient to make a

decision is a set of analyzes that

we are going to  have to do it

before making a trading decision

because if not, if it were so easy,

everyone would be winning and that is not the case,

this world is worth the train is very difficult and

you have to practice a lot to know how to

identify when

a block is valid.

For example, you think that this

blog order would be viable to

buy it

because you still have reasons for us that if

others than not, I think not, why  e

because it is falling in general

while the price falls when it comes back

here I would not buy it the blog order

now once the structure begins

to move up

and

breaks a break in the market makes a break

structure break abstract

now we can start looking at the

order blocks the same and see if it is convenient for us to

buy

once the market breaks, which breaks it in

this area,

which we can already think about which continues to

rise, then which were the ones on the blog

just before the break, we are going to

mark the break,

which was the  block order before the

break

this here

once

then now if we mark the

block order before the break we take the

two candles to broken

closing of the block begins to hold

what is the next blog order this

break falls hold up which next

blog order  he respects

it respects it you came up here and now it

does not break the structure below

we think that

it breaks the structure below and

where do we go?  As we have said, liquidity

must take into account liquidity here

there was a double floor

and there was another double floor, there were

no floors and floors

because it does not respect this block order

because it will not respect all the

first ones because in relation to our

reference range

we are high even if we take this

reference range here it is already high

we can break this maximum since it fit

above the maximum

here in this maximum that was in this

area of the maximum liquidity of sales

of sales here there are many



market buy orders  It executes the

buy orders and places them as sales

below the minimum point set when we have

broken the structure of the first of the

block it would be our cheap range expensive

here there are com here there are sales and here there are

purchases the market takes the purchases it

places them as sales  below the minimum

and where it does it within the reference blog order

and then continues

as you can see we have to study a lot

also these shots of liq  uidity that I

explained in the previous video how it

happens to see the structure

and wait for these liquidity breaks to

occur because we do not know which market is not

going to do this normally

and the market what is going to do that is going to

be

going up and down to  The top

will break to the south and then there is a

structural break and it begins to rise

but it will go back down or to go up and

/ or half of those ups and downs you will

see microstructures of the same type

going up the downs and we have to

pay attention to the  ceilings on the floors

together with the short of blogs and together with

the structures to see the next

movement of the markets and now it begins

if there is a strong candle and it breaks me here and

it breaks me this to see that what

I am really looking for now is liquidity

Wealth continues to rise where

liquidity was in the blog order

because this only from the blog here has already

been used and it has already finished

is pending and apart where there is a

generation of liquidity  dez enormous the low of

the lows not when the market does this

what do you think



it is actually doing what the

market is actually doing is that all the people who are

buying on this trend line

are placing orders below sell

to close their  long positions and that

which is liquidity

liquidity and liquidity liquidity for

buyers the market that is the most the

market in the institution that is the one that

knows the most knows that down here liquidity

creates this trend line the

uninformed retail operator believes that  This is

a support they buy and now what the

market is going to do is load all or

almost all the liquidity that is underneath

until that and go up and that is what it does,

I am going to teach it creates that tendency

to create

and then

after creating it people  purchase

created liquidity below this

trend line all this here is

swing swing liquidity without and the next thing it does

is erase all those who were buying from the map

here

and get to this blog from here to take

the liquidity and directly to the gross

go up that is why I tell you that the market

often does this, it is more this breaks

because that visa sometimes a visa and rises

creates a false floor or breaks it rises but

not only  It does that which it does twice

because it does this it

breaks it

rises with force it

creates a floor people break again

those that all this would already be loaded all

this from here and those that were below

that now take confidence with this floor go

up and load them  and it throws all of them

out and probably it did not arrive

here or it arrived almost down here or it went through

a foot to see it and then it

goes up and executes the and executes all the

sales of all the purchases that it had

prepared and it is the continuous game of

liquidity  We give the blog order

that you like it just goes until just

before the block ends

before uploading and uploading that is the

blog order part and

all this obviously I am giving you step

by step what the b order is  logs because

I want you

to

study it is to practice it jce to

simulate it that we spend because this is a

lot of information that I am going to give

you and it will cost you to assimilate and

practice and you have to make mistakes

many times because that way you are not going

to  learn from neska to make mistakes many

times with all your

demo and simulation accounts to be able to

begin to differentiate when

a structure of operability effects is viable or not,

okay, the video has lengthened a

bit, it took me how long it took 23

minutes, well, I'm going to try now

diego  23 minutes and I am going to now try to

make an introduction

to mitigation and we are going to start

doing it with mitigation blogs. They are the

die city investigation blocks and the

same rules that

I have said for identifying the

blog orders but now with  the

blues vision can be extended to the

mitigation blogs that is to say that I am going to

say that it is a candle but it is going to be a

movement the concept is not well  My

girl and they are blogs are largely

the big ones the patterns that I am going to

change the size for a moment the patterns

that allow us to see I am going to remove the

graph from the middle that does not bother me

to make as much space as possible

are the patterns

that

They allow us to follow these types of

movements

when we see a structure in the form of a

ladder, the price tends to retreat and

we call that mitigating

a retracement, we must differentiate between

a retracement and a change of direction or

river, only in English, to see what it describes,

write a second

worth retracement

retracement in English is

33

ok that are these

partial movements here in the general price

is going up but from time to time it goes

back or when it is falling it goes up

but the main ends are not taken

continues to fall ok those are the

setbacks

ok and  then we also have I am going to

organize this better and then we

also have the referees soles that are said

in English which are really the

changes  of trend

that are already permanent turns that are

I do not know how to say it in Spanish turns or

changes of trend to search

are diverse,

look at you there must be a word in

Spanish that I can't think of

now I speak in google wherever

and I'm sure the  change of trend they

call reverses in English the

difference is that the reversal when



a quiet gesture occurs taught the reversal

when it occurs breaks the structure

the broken

and begins to change the movement

then a sign of reverses the

change of the break of structure is worth

the break of  extractor is a change a

reversal sign is not a confirmation it

is a rivers sign al

and if the price starts to do and 3 - no

longer diverse in the initial direction of the

trend it does not return to the initial trend

but changes it is worth you see the

direction as a positive to another

then we can start talking to you

universal

ok then

this has to do with the mystical and they

are blogs because the mitigation bl  ogs are

blocks of orders

in such a way that when the

price falls

through the high zone of the last

bullish movement there was an order block that

was the one that took this momentum that there was

another block of orders up here

the price fell and took the momentum  when falling

here there was a block of orders the chest

rises and from there it gains momentum up to here to

take the liquidity the prize of this

block of orders that here the price

falls is worth although the difference although

the blog orders were always in it were

taken  In the sense, they were caught in the

direction of the trend to add a

trend, the price goes down, he takes it

and the blog order goes up and they are taken at the

bottom of the links, protect

the winslow, the blog shorts are taken, the

wings lose

to follow  the trend

the beats and jason action blogs instead

of being down here as in the order

blogs are up

you see up is in the high areas that

this decree has respected us but this

is in the areas  As high when it has

risen and instead this for his life

as and for the descent

I will remove so much here so much line and

for the descent they are instead of being in

the high swings are here below

the 6 lows

will be the 6 lows are the  six highs

and it is a different way of getting

liquidity from the market through a

mitigation process in mitigation that is

mitigation is

when

when the institution is here

buying it

is stable it is putting

selling positions here to buy to

provision

those selling positions in a  At a

given moment they stay when the price rises

these sales positions that the

operator was putting to put people in

when they bought there is some that

remains uncovered when the price rises it is

so negative in everything that

operators that lower the price

closes again  the sell orders it had

here in red and it continues to sell more

goes up it is here selling closes sales

through purchases and some of them see  The ones

that had been left here are in the

red, the land is left and the

ones that were left in red are settled and it continues to

rise, it is worth it and mitigation

mitigates the loss that sales had

here while the operator is buying and

the price falls there  purchases that have

remained with while buying here and

went up there are purchases here

and that were left

there are purchases here that were left to create

a red when he broke the

market 3 now mitigates that purchases

the market rises by selling by selling by

selling and some of the purchases that

He has here he sells them from the land and

mitigates that loss he fell again he keeps

buying buying buying buying buying

the market among the people he is selling

him

and now he has when he gets down here he

has some sales some

red purchases of the ones he had here and now what he

does  the price rises and closes these

purchases the admitted one is worth that is the

explanation from the institutional point of view

of what happens that the

form of analysis  arlo is the same it is in this

case the michigan and they are blog it may be

like this we have here a good thing because they are not

so frequent and mitigation blog

we are going to see if there is a movement of that

type

as the price rises this case is

taking block order

good always  take block rallies you

have to see

an exercise that does it

to see for example when he

is that she is not very pretty I am going to stop at the

moment I am looking for a graph in the

second one

ok we are going to see not found and a

very clear graph but we are going to  Being

can help us from now on, yes we will

see other examples where it is

much clearer what I already dedicate myself to

looking for too much and normally things

do not usually present perfect, look

when the price is down here

with this blog order and then price  It rises

a little, what happens next, it falls

below this level and then it

rises again and if we look at what it has

actually done, the price

is that it has reached just down to this level

of a  Here

in both cases is that the order blow 17

and it would be this black candle I want from

the extended block, it would be this one, but

from a city point of view, then

in both cases it would be the order block

is the one with people who take that

order.  blog above

but nothing this here

this is the last of the bearish blog that

there was where he had been buying

sorry he had been selling the

institution operated had been selling on the

last white candle which is this the

highest low and mitigates part of those sales

it goes down again and mitigates more of

those sales

then here it enters that in the second

case we have

since it goes down to the blog here

more for the first case it stays in the

first case it stays higher higher I

agree I don't know  see very clearly here to see

if I find another example where it is

better when the price rises again

up here where it reaches reaches

the blog does not reach this order

blog bullish not until the bearish that is

no  It has to bounce to fall again

but the price falls, this lord

of the blog rises and mitigates part of the purchases by

raising the price that were in

losses, you can cancel them here when they

appear, it rises again and falls, it falls until

the blog order.

To the zone of these candles up to here it is worth it

is a movement as I said that it would be

the range of the white candles above

that is mitigating

when they are mitigating them

in this way when the price rises

worse of the blog we have here created the

last of the blog that  generated this rise

is but but then above we have another

brain for example with the price

there

we have this is from the blog here that

just matches us with this black candle

where there were sales and it can both take

liquidity from here and from

here  It would be a bit the explanation of the

order block allowed by Michigan and they are

block here the same thing happens and a

white candle that is the last candle, sorry a

black candle,

which is the last candle that was created  or to

raise the price since there were

sell orders that then the price rises and

mitigates them and in turn here are some from the blog, you

also look at the new bearish ones

so that if you think that it

is inside the outside of the blog this

order

is  fall from here

if we take this level when the price

falls below that is here because it is going to

rise and where it enters it enters within the

last rise that there was to compensate and

mitigate it is a bit like

how we identify

what are the mitigation blocks

There it has been seen is that in the graph they

are very clear if they are super exact it is not

the case of this graph although I have

here

but hey is also that I think you

see examples that are not perfect

examples that are not perfect for what

so that in a  Future when they occur

you can easily identify them to

leave the price rises again it is time to take out

on this candle it rises to touch mitigation blog

that breaks it rises to mitigation and falls

more but it is very subtle  As I said, the

price analysis is not so easy, there is

an art blog, it goes up, and instead

of reaching the candle, the black eyed

city order arrives at this station, the

loca city order, but here we have a mitigation order,



with which the price will touch.  mitigation

and here it

mitigates and falls ok here another

we have this one would already be those of the

bearish blog is it and this one is not

here there is one that surely in the



possible future has not happened but this is another

area these are mitigation areas

also here

here

is here

Here is another bird, the black one is that it is

just believed before

going up it breaks to touch and falls again

and these are the areas of

investigation

and well, this is what I wanted to

show with mitigation there are more forms of

investigation, look at it

that rises it breaks it falls it rebounds

in mitigation does not bounce nord the blog

bounces in mitigation

this is the candle

in the highest candle that was before

it fell, which is where the

buy

orders are sell orders  a of the operator does not

even sell orders continues to rise

when the price rises the operator is

selling when when the price falls the

operator is buying and rises the

operator is selling the price falls the

operator is always buying the other way around

what

the trader sitel or the  trader who does not have

information about the market

in agreement well, so far the

mitigation is an introduction then in the

next video we will see the

imbalances and how

the mitigations and the

order blocks are complemented and take into account that

the mitigations and the order blocks

in  90 are price drivers, they are the ones

that launch the price and on the other hand there

are more related to the trend

and on the other hand more related to the

six months with the setbacks, although the

mitigation is part of them,

there really is another type of lower setback of

It is usually smaller in scope, which is

due to the inefficiencies of the

markets and what is called the

imbalance  So in English they are called

imbalances and they are not so

related to nor are they a source of

movement, they are of such

strong opposite reactions of the price but they do

play a continuous role within the zig

zag and the structure of the markets and

the convenient to know them because of  That

way we are going to better anticipate

what the approximate route that the

price

will

follow in

the course of time will be because,

as we have seen, prices do not go

direct but instead go in zigzag,

instead they go up they go down

even if they go down because they go like this  Well,

all that takes this to the order blogs

l mitigation blogs and the imbalances

that we are going to see from the point of view

of the institutional train.





What else does he know who

buys cheaper sells more expensive and moves

the price in his opinion because nothing with

this I say goodbye for now for today a

very big greeting I hope you know

this video went and until next time