Summary of Midweek Market Review with Guest Trader Magus - Tuesday 11th Oct 2022 - 4 PM UTC

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00:00:00 - 01:00:00

In this video, guest trader Magus discusses his trading history and the current crypto market conditions. He notes that while he is predominantly focused on price action trading, he incorporates a level of market profile order flow into his strategy in preparation for potential bear market conditions. Magus provides context for individual charts and discusses how to use order flow to make better trading decisions.

  • 00:00:00 Trader XO is live streaming a midweek market review with guest trader Magus. Magus is someone with whom Trader XO has a lot of respect in the trading circles and will be given an overview of Market profile and Order flow. There are mixed views in the chat about the market conditions, with some people thinking it is going to be lower after the CPR event and others thinking it is going to be higher. Magus also has comments about Bitcoin, Pulse CPI, and lower, higher, and not sure opinions on the short squeeze.
  • 00:05:00 The video features guest trader Magus discussing his trading history and the current crypto market conditions. He notes that while he is predominantly focused on price action trading, he incorporates a level of market profile order flow into his strategy in preparation for potential bear market conditions.
  • 00:10:00 In this video, guest trader Magus discusses how order flow can be helpful in trading, but can be less relevant as the information it provides decreases with every passing minute. He recommends using it selectively and only when it has potential to provide an edge.
  • 00:15:00 This video discusses the use of different tools to analyze the market, including TPO, footprint, and dwop. Marcus goes over the key concepts behind these tools and provides an example of how they can be used.
  • 00:20:00 This video introduces three main trading tools used by guest trader Magus - Dom (order book), Depth of Market (record of market orders), and Tape (record of market orders). Magus recommends using EXO charts for newer traders and Sierra charts for more experienced traders.
  • 00:25:00 The market will release data on Thursday, and traders should watch the tape for confirmation of trends. Magus provides context for individual charts and discusses how to use order flow to make better trading decisions.
  • 00:30:00 This YouTube video reviews the context of the market and different factors that can impact it, including liquidity. It argues that traders who are new to the market or who have less experience should focus on trading strategies and market structure over liquidity.
  • 00:35:00 Delta is a measure of how much the market is buying and selling at different prices, and is used to determine whether there is enough liquidity in the market.
  • 00:40:00 This video provides a brief overview of the various order flows that are available on the market, with a focus on the use of open interest as a indicator of directional trends. It also covers the basics of a TPO, describing its basic anatomy and its primary function.
  • 00:45:00 TPO stands for Time-Based Order Profile, which shows the volume and time of day at which the most orders were placed. This information can be used to help traders identify the most active price points.
  • 00:50:00 In this video, Magus reviews the market conditions and discusses how absorption and balance can be used to trade. He also provides an example of a swing failure pattern.
  • 00:55:00 In this video, guest trader Magus covers the basics of a trap buying scenario, including identifying an initial impulse and seeing aggressive buyers filling orders. Once the liquidity dries up, the buyers will lose momentum and the trade will likely end in a loss.

01:00:00 - 01:25:00

Guest trader Magus provides an overview of the market conditions for the coming week in this YouTube video. He specifically points out that, if CPI comes in as a surprise, the markets could be in for a lot of pain.

  • 01:00:00 Market traders are getting squeezed by passive sellers, and the market is headed for a turning point where prices will start to drop. Absorption traps work the same for buyers and sellers, and the Delta unwind is a more sophisticated high-time frame argument.
  • 01:05:00 In this video, guest trader Magus discusses his approach to trading the market, which focuses on price action and incorporating other aspects of trading such as risk management. He recommends that people watch flow on a low time frame to learn more about how to trade successfully. Marcus also provides a link to his Discord group for those interested in learning more.
  • 01:10:00 Marcus provides a unique perspective on market analysis and trading, emphasizing order flow and cyclical setups. Marcus recommends a more diversified approach to trading and advises against using autoflow in early stages of a bull market.
  • 01:15:00 In this video, guest trader Magus discusses market action, late 2017, concepts he learned elsewhere, and SC's action in real time. He also discusses market profile, risk management, and bitcoin.
  • 01:20:00 In this video, guest trader Magus provides an overview of the market conditions for the coming week. He specifically points out that, if CPI comes in as a surprise, the markets could be in for a lot of pain.
  • 01:25:00 The guest trader Magus discusses various market topics in this week's Midweek Market Review. He also recommends watching his older videos on the subject, which are still relevant. Magus says he will be kicking off a paid course on journaling in December.

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