Stop Taking BAD iFVGs! transcript

what is going on ladies and gentlemen as you can see I got a haircut it is a little short but it's all right I'll grow back um hey if you don't know me my name's dodgy um in this video I'm going to be going over inversions I do not like and I'm actually going to use some from today because I felt like today was a good day um if you don't know who I am I'm dodgy a live stream every day if you want to watch my uh live streams if just click the link in the description and then use code dodgy 71% off discount I've already made a video on apex and and it's called the advantage of prop firms go watch it Apex is really good buy a few accounts uh hopefully they're having another sale soon but I don't know when they're going to do that so for now it's going to be 71% off um using codes dodgy all right so let's get started so I always make these videos and they're always like what inversion for a UPS so like so in this video I'm going to be going over inversion for a gsod I don't like and um they all have their kind of own little thing on why I don't like them okay first example will be um first example would be right here so right here we kind of see two fale gaps and it looks really obvious I know okay it looks really obvious so we have a one minute F Val Gap here and you probably think well oh if we violate this we're going to violate this but that's actually not the case and this is exactly why I don't ever touch invers that have two of them here so there's actually two of them there so you don't know that we're going to dump until this one breaks so unfortunately this one is a noggo and it would not be good short I do like however that we took out some liquidity and what people don't realize is they think we have to take out all the liquidity and we don't actually have to take out this high as long as we take out some sort of internal liquidity you can short however this one right here is just not a good short because there's two of them now what happens when I go to the 2minute time frame this happens however you have to understand that this was almost lunchtime we had fomc minutes and that's really going to gauge the mark a little bit so knowing we have fomc minutes why would you even tra this in the first place um now let's say you did short this one it would have been a break even trade why because when we close below okay when we close below we hit that new internal swing low on this candle so it would have been a break even trade anyways it's not a bad thought process but you have to understand that if you ever see the market in this example here this is more of a liquidity standpoint if you ever seen the market hit a low here and a low here until we break out one of these again you don't have your manipul like you don't know what the manipulation is so we have the manipulation here we have the manipulation here everything inside this box you have no idea what's going to happen no idea until we break one of these lines again that swept the low so we know the manipulation like is a low that sweeps another low that already swept the previous liquidity so this would be your manipulation because it's sweeping a high that swapped another high and then this would be your kind of sell side grab and then this would be your other manipulation so whenever we have these whenever we take sell side here and buy side here and by the way keep in mind this was a 15minute free y my fpg sheet is free for seven days grab it in my Discord before it goes private again you do not want to trade until we get another manipulation leg and by another manipulation leg I just mean a another leg where we sweep a low that sweeps this low and that actually usually creates a breakaway Gap okay and and um this was actually a breakaway Gap right here because we swept this low that actually swept this low here and and that tells us okay now the bias is probably bearish this is a breakaway Gap however so you'd wait for this to be swept and then you look for a short and again it all ties in with okay we had fomc minutes as well today so why would you even play anything going up to this but long story short I don't really like this one because it's just the one minute held wasn't really concrete bias the only times I'm ever going to play setup before for a news event like fomc minutes is if it's A++ Plus+ and this wasn't clear to me especially with the one minute kind of being down here I did like the lrlr here but still FC minutes we still never closed below this I probably would have liked this better if we kind of close below this because we would closed below this and the 2minute and especially with us being in between this low and this high right here that we didn't really manipulate over you don't really know the bias inside this range um so that brings me to my the next one right here now this one was actually a break even trade again or you could have scaled half because we closed above it and we did hit the internal liquidity so it would have been a break even trade however I didn't really like it because again same thing as before we are still inside this range where this low swept this low and this High swept this High inside a 15 minute for rail Gap so until we break out of the range I don't really like anything now can you guess where we're going to break out sure you could be like well I think we're going to break this low resistance liquidity you could always guess but you don't really know for sure and that's why it's not really good to take anything all right so that's that this setup I liked as well I think this is a really good setup as well and I actually this was the only trade of the day I took so I took this setup here at long 20 broke over I sold here and I sold here but going back to the last two examples I don't like this one because we're just 250/50 the only reason I like this one a lot more is because momentum we put in a really big candle here with really nice down closed candles making this a really nice OB so I figured for this trade we'd at least hit this internal High making it a free trade SL a scalop trade this one is all right momentum but it closes way too close to the next internal liquidity as to where this one closes right above so makes it nicer RR and this one just absolutely had no momentum going through it at all okay even this two minute just no momentum at all so didn't really like that one this is the only one I like today um another one right here I did not like this one this morning and I called this on my live stream because again we swept the low already we didn't need to sweep a low that already swept a low and you can see it would have been a break even trade SL a scale trade you can see we kind of hit this low and then we go back up and if I'm not mistaken an NQ which I will go to right now I think these were equal lows um yep they were so it would have been a break even trade but it's another one where I don't like it because we already swept a low and we don't have to go back to that low that sweeps low especially a major one okay like this low is low day and it sweeps sells out over here so I don't have to go back here right away and that's what people don't understand same thing with this we don't have to go back to a high that's swept a high inside of a fair Valley Gap this being the fair reality Gap and again I know it sounds complicated but this was stuff this is stuff you're going to pick up over time through watching my videos or through watching anyone else um this one I I I didn't mind this one cuz of momentum but there was no entry we just we closed way too far below the last one um in the 3 minute there was kind of two F Valley gaps and or the 4 minute the 5 minute there was two yeah just overall not really good one I mean maybe you could have taken it off to five off of this candle because we closed below both these at the same time but it's just we're still in between that range where we didn't hit the low we didn't hit the high and we don't know which one going to hit first so I actually do like this one because at this point we finally swept the manipulation leg here so now we have a little more Direction and I like this one because it's an obvious down closed candle and then bake up again really fast equid sweep not one I take obviously because RIS reward again it's not good RIS reward to the guaranteed Target which would be here almost not guaranteed every time obviously but you'd probably Target here move South to break even here but this internal High wasn't really good Target um so that's that another one I didn't really like was this one and and I actually took I almost took this on demo and my trading view wouldn't load and what happened is I lit almost took it and I get in the chart I didn't realize that these were a data low so if you look at the one minute chart these this is a data low 2 o' or 2011 from fomc minutes okay you can even see in the two minute it's the 2:00 CLE so with that being said I don't really like this one because I do not try to along with data lows below but if you didn't know there's data else gives that away same situation as before we swept the high here and we swept the low here right so now that we kind of in between buy side and sell side we swept both do you really know what direction we're going to go here no because we don't have to sweep the high that sweeps another high and we don't have to sweep the low that sweeps another low and these are both really obvious so you don't really know which way is going to work same thing on why I don't like this one I mean this one's all right because we have decent momentum but we close below and hit the candle at the same time so just not one I'd like um this one don't like it you guys obviously know why just too many for R gaps in the leg um this one don't like it and you're probably like well this looks good I know it looks good but we have Nidia earnings at four o'clock or five o'clock I don't like anything happened here here this one not terrible but we have N Video earnings it did work all right it did work it was a break even trade and this one same thing we don't have to sweep the high that already swept this high so I don't like this one either now let's say these are equal highs or let's say this a wick was a little more down would I like this one yes I would so you can kind of see there little nuances I mean we have noad earning so that's like the big decider but again just just another one like this one I do not mind this one I'm not going to lie this one is a little better it's very low um we didn't really sweep below that I mean we kind of had this really nice Target up here so this wasn't bad um you would have moved thought the break even so I scale here and then your target for the rest would have been uh here so that's that now it looks like this play is working but I don't care it's not what I'd like just because Nvidia earnings and we swept this high already so we don't need to hit this high again and it's not like this is a setup that's never going to work it's a setup where it will work sometime just not it's not have that high accurate win rate it's going to be that like 50 60% win rate set up right here so that's just a video and a few ones I liked and didn't like um same thing with this two minute this is going to be the last one I go over I didn't like this two-minute because again we have no video earnings the market kind of just expanded big time here and also this one is actually against the bias so we actually just closed below this hourly and I really hope you are confused about this video because there's so many different nuances that makes me take a play or not take a play like this one I mean it's we're very low in the range so I wouldn't mind along but you got to realize you're probably going against the bias we have a big inverse hourly here and again it's just risky man so that one did work again not one I like because look at this we're just in time Distortion of course this is going to work sometimes it's not going to work every time but of course this is going to be a trade that work so um and I do like this one I will admit I do like this one if get it this five minute so if we get this one I like because it's obvious we're very low and even if we are bearish I'd maybe expect a retracement to like this maybe these relative equal highs and then this lrlr so I actually kind of do like this one just because of that reason very low um and yeah there's a lot of different reasons for me not liking versus liking some hopefully this video helped you a bit I'm going to make another video going over in livetime of FX replay of me actually calling these setups live instead of just hindsight so you can kind of see but I'll explain these little things that make me me not like if make not me make me not like an inverse as much so if you made it to the end of this video com the word light um and yeah let's see how many people made it to the end but that is it for now I will see you guys later and peace so the funny thing is as I was actually recording that video um I said I really like this one I think at the end of the video and I was just about to upload it but then this actually play triggered so I got in here right before it was about to close I'm already up I already scaled some for 40 points here um alerted this in Discord um and yeah if you can see I just alerted that again it's more of a lotto cuz no video earnings but again lrlr above a lot of momentum I mean there's nothing really wrong with this setup so um yeah really nice play hopefully hits a this will be about 50 50 75 points if it fully hits so hopefully that hits that'll be cool but uh yeah pretty cool alerted to playing L time again I said I liked it and this momentum is really good so