GxT Model | Garrett Backtesting Session
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jez bro so this is a Monday so first let's look at the economic calendar what we got so first news event is on Wednesday so we could probably expect some some choppiness but the thing about Monday is when I really avoid Monday is it the previous day or if the previous week expanded with the large range that's when I really really avoid Monday here we can see that Friday right put in this reversal here um on a Thursday we're trading back to the weekly low which is Tuesday right no Wick right here so it's a good Target so let's go and just skip to I think we're going to skip to like 9:30 this day here probably or maybe just skip to 2 amm or something so what time is this we can open up into because this is the daily close right here all right so we don't have any opposing candles or anything what we do have is this Fair Valley Gap so whenever you have like an intermediate time frame range let's say the daily candles are trading lower right then we're generally going to create highs and lows of the days from like 4 Hour 1 hour key levels right so if you see here within this day we expanded And We R traced so this is when you actually could anticipate a potential right London reversal right because maybe we run out this High we're form an sm2 with this high but generally if this is going to continue it's going to happen early on the day unless it just consolidates and you manipulate so we'll see what happens here all right I didn't do anything okay so here we are at 1:00 a.m . so this is when you compare assets closure right well that's the question right tus so all right so now we're getting a swing formation right here right we have a valid swing formation and this smt is still holding by the way I'll say ym okay so ym took out the previous High you see that so now this is looking pretty good as you see this candle 300 a.m took out the high and now we're expanding when you go to the 4 Hour Wick is it too large it's it's pretty you know it's kind of large right