IRL to ERL
The lesson has four parts: an introduction, the timeframes, reversals, and continuations.
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IRL to ERL
The slides from the video, with an explanation under each one. Watch the video, then keep the PDF.
Quick terms. Gap / FVG = fair value gap, the same thing. IRL = an internal level, like a fair value gap (FVG). ERL = an external level, like a high or low. Educational content only, not financial advice.
Introduction
IRL to ERL is the framework you call your favorite. You trade from a gap to a high or a low. The chart shows price reacting from the shaded fair value gap and running up to the high.
Time-Frames
The framework works on three timeframe pairs: Daily to 4H gaps, 4H to 1H/30M gaps, and 1H to 15M/5M gaps. You frame the move on the higher timeframe, and look for the gap on the lower one.
Reversals
The reversals example from the agenda. Price drops, trades into a gap, and then draws to the external low.
Continuations
The continuations example from the agenda. Price keeps going lower from the gap toward the external low.
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