This video is going to be about building a model based off of internal and external liquidity concepts.

本視頻將介紹如何根據內部和外部流動性概念建立模型。

Now if you don't know what internal and external liquidity is, please go ahead and check out the video linked in the top right before watching this video.

現在，如果你還不知道什麼是內部和外部流動性，請在觀看本視頻之前先查看右上方鏈接的視頻。

For those of you that do, we will go ahead and hop into a PDF, quickly review, and then talk about the model.

對於那些知道的人，我們將繼續跳轉到 PDF 文件，快速回顧，然後討論模型。

Let's get started.

讓我們開始吧。

Now the first thing you need to understand is what is internal liquidity.

現在，您首先需要了解的是什麼是內部流動性。

Internal liquidity is just a fair value gap.

內部流動性只是一個公平價值差距。

Now if you don't know what a fair value gap is, we will quickly review that, but I also have a video on that as well.

如果你不知道什麼是公允價值差距，我們可以快速回顧一下，我也有相關視頻。

It is just a three candlestick pattern, one, two, three, in which the wick of the first candle and the wick of the third candle do not overlap, showing aggressive price action through this area.

這只是一個一、二、三的三根蠟燭形態，其中第一根蠟燭的燈芯和第三根蠟燭的燈芯並不重疊，顯示出價格在這一區域的激進行為。

So you can see, one, two, three, these candles do not overlap.

所以你可以看到，一、二、三，這些蠟燭沒有重疊。

Now the next thing to understand is what is external liquidity.

接下來要了解的是什麼是外部流動性。

External liquidity is simply highs and lows, so you can see here we have a range, we have a swing high here, we have a high with a lower high on each side, creating a high.

外部流動性就是簡單的高點和低點，所以你可以看到這裡有一個區間，這裡有一個震盪高點，兩邊各有一個較低的高點，形成了一個高點。

So that is external liquidity.

這就是外部流動性。

Similarly down here, we have a low with a higher low on each side, creating a swing low.

同樣，這裡也有一個低點，兩邊各有一個更高的低點，形成了一個震盪低點。

So this is external liquidity, or sell side liquidity and buy side liquidity.

這就是外部流動性，或者說賣方流動性和買方流動性。

Now the next thing we're going to cover is the relationship between the two.

接下來我們要介紹的是兩者之間的關係。

Since price swept and could not displace through this external liquidity, it is likely to reach back where?

既然價格橫掃，無法通過這種外部流動性進行置換，那麼它可能會回到哪裡呢？

Internal liquidity.

內部流動性。

Now that price reaches internal liquidity, it's respecting the fair value gap, and you can see this closure here.

現在，價格達到了內部流動性，它尊重了公允價值差距，你可以在這裡看到這個閉合。

Where do we expect it to go?

我們期待它走向何方？

External liquidity.

外部流動性。

So you can see price moves from external to internal and back to external.

是以，你可以看到價格從外部到內部再回到外部的變化。

So now let's take a look at the actual model.

現在讓我們來看看實際模型。

So this model is just going to use a higher time frame level.

是以，這個模型將使用更高的時間框架水準。

Dropping down a time frame, I will look for internal or external liquidity.

下拉一個時間段，我會尋找內部或外部的流動性。

Then on the lower time frame, I will look to make sure I'm in a kill zone.

然後，在較低的時間框架內，我會查看是否處於殺跌區域。

I have a stop rate, a market structure shift, a fair value gap, and then I will target to R.

我有一個止損率、一個市場結構轉變、一個公允價值缺口，然後我會將目標轉向 R。

So for an example of this, when we swept this external low and looking for price to trade to internal and on the lower time frame, we get a market structure shift, a fair value gap, and targeting to R on the way to this fair value gap.

是以，舉例來說，當我們掃過外部低點，尋找價格交易到內部和較低的時間框架時，我們就會得到市場結構的轉變、公平價值缺口，並在通往公平價值缺口的途中以 R 為目標。

Let's go ahead and hop into trading view and go over a few examples of this.

讓我們進入交易視圖，看看這方面的幾個例子。

So here we are on NQ daily chart, and you can see that we took this low right here.

這裡是 NQ 日線圖，你可以看到我們在這裡創下了新低。

Now with this super aggressive close down here, I'm not expecting a retracement right away, so I'll let a few candles form.

現在，由於收盤價下跌得過於猛烈，我並不指望馬上出現回調，所以我會等待幾根蠟燭形成。

Now, if we're going to mark this out, we have a low with a higher low on each side, forming a swing low.

現在，如果我們將其標記出來，我們就會看到一個低點，兩側各有一個更高的低點，形成一個震盪低點。

Now, let's see what the next candle does.

現在，讓我們看看下一根蠟燭會做什麼。

We get aggressive displacement up, violating this fair value gap right here.

我們要積極地向上位移，在這裡突破公允價值缺口。

So if I'm going to look for external to internal, I have a fair value gap resting right here, right around discount of this range here.

是以，如果我要尋找外部與內部的差距，我在這裡找到了一個合理的價值差距，就在這個範圍的折扣附近。

So using that as my drawn liquidity or looking for price to draw to this higher time frame level, I'm going to drop down to the hourly chart.

是以，將其作為我繪製的流動性或尋找價格繪製到更高的時間框架水準，我將下降到小時圖。

So zooming in here, you can see here we have a candle where this wick does not overlap with this wick.

放大這裡，你可以看到我們有一根蠟燭，這根蠟燭芯與這根蠟燭芯沒有重疊。

So it is a fair value gap.

是以，這是一個合理的價值差距。

It is also the new day opening gap.

這也是新的一天開放的間隙。

So having this marked out is our fair value gap.

是以，標出這一點就是我們的公允價值差距。

Let's see.

讓我們看看

Now that we have internal liquidity, if price reaches into it during a kill zone, can we frame a trade?

現在我們有了內部流動性，如果價格在殺跌區域內進入內部流動性，我們是否可以進行交易？

So here we are going through London.

我們現在正穿過倫敦。

So now that price reached into this fair value gap, if it is going to continue to trend higher and this is going to form a swing low, I'd anticipate price going from internal to external liquidity.

是以，現在價格進入了這個公允價值缺口，如果它將繼續走高，並形成一個震盪低點，我預計價格將從內部流動性轉向外部流動性。

So now that we have our higher time frame draw, which is this daily fair value gap, and then dropping down a time frame, we have a move from internal to external liquidity.

是以，現在我們有了更高的時間框架，也就是這個每日公允價值缺口，然後再往下一個時間框架，我們就有了從內部流動性到外部流動性的轉變。

Let's drop down another time frame and see if we can find a setup.

讓我們換一個時間段，看看能否找到一個設置。

So down here on the five minute chart, you can see we reach down into the hourly fair value gap and we come back up and shift market structure here.

是以，在 5 分鐘圖上，你可以看到我們向下觸及每小時公允價值缺口，然後我們再向上，在這裡轉換市場結構。

So now I'm looking for the fair value gap.

所以，現在我在尋找公平價值的差距。

And if you notice, we have a fair value gap here as well as a fair value gap here.

如果你注意到，我們這裡有一個公平價值差距，這裡也有一個公平價值差距。

So looking to take an entry, I'm going to take an entry on the start of this fair value gap, but I want to allow it to be able to trade down into this fair value gap.

是以，我打算在這個公允價值缺口的起始點進場，但我希望它能向下進入這個公允價值缺口。

I'll put my stop on this fair value gap, Campbell's low.

我把止損點放在這個公允價值缺口上，坎貝爾的位置很低。

Then I'll be looking to target 2R, which you can see is just at these highs.

然後，我的目標是 2R，你可以看到它就在這些高點上。

Even though I could target 3.16R with a total run to the fair value gap, I'm just going to be looking at 2R, and I could hold runners if I want to.

即使我可以以 3.16R 為目標，完全跑到公允價值缺口處，我也只需要看 2R，如果我想的話，我可以持有跑贏的股票。

So letting this play out, let's see what happens.

讓我們拭目以待吧。

So there we get tagged in.

是以，我們被貼上了標籤。

And we get a move higher towards these highs, completing the move from internal liquidity to external liquidity.

我們將向這些高點走高，完成從內部流動性到外部流動性的轉變。

And skipping ahead, you can see after hitting RTP, if I would have moved my stop to break even on runners, they would have been stopped out before reaching the daily fair value gap.

跳到前面，你可以看到，在觸及 RTP 後，如果我把止損點移到跑馬者的盈虧平衡點上，他們就會在到達每日公允價值缺口之前被止損出局。

However, if I was just holding my whole position to the daily fair value gap, keeping my original stop, it would have worked out as well.

不過，如果我只是在每日公允價值缺口處持有全部倉位，並保留原來的止損點，效果也會很好。

But for this model, I'm just focused on catching 2R.

但在這個模型中，我只專注於捕捉 2R。

Let's hop into the next example.

讓我們跳到下一個例子。

So zooming back out to the hourly chart, you can see we have our daily fair value gap, which was just targeted in the previous example.

放大到小時圖，你可以看到我們的日線公允價值缺口，這正是上一個例子中的目標。

So we have an important daily level.

是以，我們有一個重要的日常水準。

We just swept an hourly high, so external liquidity.

我們剛掃過一個小時的高點，所以外部流動性。

And do we have internal liquidity resting below?

下面是否有內部流動資金？

Well, this fair value gap was mitigated on the previous example.

在上一個例子中，這種公允價值差距得到了緩解。

We have a fair value gap down here.

我們在這裡有一個公平的價值差距。

And that will act as our drawn liquidity.

這將成為我們的流動資金。

So I'm looking for price to trade off this daily level, and then use the hourly external to internal to frame a trade.

是以，我希望價格能在這個日線級別上進行交易，然後利用每小時外部和內部數據來構建交易框架。

Let's hop back down to the 5-minute chart to see how we could frame something.

讓我們跳回 5 分鐘圖表，看看我們可以如何構思。

Now down here on the 5-minute chart, you can see that we have price sweeping this high here, and then our drawn liquidity is lower.

現在，在 5 分鐘圖表上，您可以看到我們的價格掃過了這裡的高點，然後我們繪製的流動性較低。

So we're looking for price to displace below this low to give us our shift in market structure.

是以，我們希望價格能跌破這個低點，從而實現市場結構的轉變。

And there we get displacement below this low.

在這個低點以下，我們有了位移。

Now the next step is to look for a fair value gap.

現在，下一步就是尋找合理的價值差距。

So here we have a fair value gap.

是以，這裡就出現了公平價值差距。

So if I'm going to look to enter a position there, where would I want to have my stop?

是以，如果我想在那裡建倉，我應該在哪裡設置止損點？

Well, here you can see most of this price action is balanced above, but in here it's a little bit messy.

在這裡，你可以看到大部分的價格走勢在上面是平衡的，但在這裡就有點亂了。

Now I want to have my stop over opposing candles.

現在，我想讓我的止損點超過對立蠟燭。

Let's see what that would look like.

讓我們看看會是什麼樣子。

But if it's a little messy, let's go ahead and zoom out a timeframe.

但如果有點亂，讓我們繼續放大時間框架。

So to the 15, you can see here everything is balanced.

是以，在第 15 頁，你可以看到這裡的一切都很平衡。

You can see there's no fair value gaps, but we do have a little inversion right here.

你可以看到，這裡沒有公平價值缺口，但確實有一點反轉。

So ideally, I'd want to have my stop above that inversion and look to target 2R.

是以，理想情況下，我希望將止損設在反轉上方，並將目標鎖定在 2R 上。

And back to the five-minute chart, another thing I could do is take a position at the same spot, have my stop on the fair value gap candles high, and then look to target 2R.

回到五分鐘圖表，我可以做的另一件事是在同一位置建倉，在公允價值缺口燭臺高位止損，然後尋找 2R 目標。

So let's see how both of these work out.

讓我們拭目以待這兩件事的結果。

But here we get tagged in, hit 2R on the first and 2R on the second.

但在這裡，我們被貼上了標籤，第一次擊中 2R，第二次擊中 2R。

So you can see either one of these would have worked.

由此可見，這兩種方法中的任何一種都能奏效。

This is just a more conservative stop loss than this one here.

這裡的止損比這裡的止損更保守。

Let's go ahead and let this play out and see if we do reach that hourly fair value gap.

讓我們繼續努力，看看是否會出現每小時的公允價值差距。

For this next example, we'll also be on Enqueue daily chart.

在下一個示例中，我們也將使用 Enqueue 日線圖。

And so taking a look at the last few days of price action, what do you see?

看看最近幾天的價格走勢，你會發現什麼？

So if just marking out previous days highs and lows, you can see that Thursday here swept Wednesday's high, and then Friday reversed, closing below the opening price here.

是以，如果只標出前幾天的高點和低點，你可以看到週四這裡橫掃了週三的高點，然後週五反轉，收盤價低於這裡的開盤價。

And you can see how these previous days lows are all lined up here, and that is low-resistance liquidity.

你可以看到前幾天的低點都排列在這裡，這就是低阻力流動性。

So looking for a point of interest, the two spots that I look for, like this, is the opening price, as well as the mean threshold of this up-close candle.

是以，在尋找興趣點時，我會像這樣尋找兩個點，一個是開盤價，另一個是這根收盤蠟燭的平均臨界點。

Now just in terms of premium and discount of the range, it makes more sense to look at the mean threshold here.

現在，僅從溢價和折價的範圍來看，看這裡的平均臨界值更有意義。

So dropping down to the hourly, I want to see when we enter a kill zone or reach the point of interest.

是以，降至每小時後，我想看看我們何時進入殺傷區或到達興趣點。

You can see, as this fair value gap is holding, it doesn't seem like the opening price is going to push us lower, so we're likely to reach a little bit further up towards the mean threshold of this.

你可以看到，由於這個公允價值缺口保持著，開盤價似乎不會把我們推低，所以我們很可能會再往上走一點，到達這個均值臨界點。

You can see we're into London now.

你可以看到我們現在已經進入倫敦了。

Do we form a high?

我們會形成高點嗎？

Nope, we do not.

不，我們沒有。

We just kind of consolidate, and then as we enter to New York, we do reach up into the mean threshold, so this point of interest.

我們只是鞏固了一下，然後在進入紐約時，我們確實達到了平均臨界點，所以這一點很重要。

Now if you notice on the hourly chart, it is a little bit messy here, right?

現在，如果你注意到小時圖，這裡有點亂，對嗎？

So what can we do?

那麼，我們能做些什麼呢？

We can move up a time frame to the 4-hour, and this cleans it up a little.

我們可以將時間框架上移到 4 小時，這樣就可以稍微清理一下。

You can see we have a fair value gap right here, or internal liquidity, and what do we have resting below?

你可以看到這裡有一個公允價值缺口，也就是內部流動性，下面是什麼？

These previous day's lows.

這些是前一天的最低點。

So that is our low resistance liquidity or our target.

這就是我們的低阻力流動性或目標。

So now dropping back down to the 5-minute chart, let's see if we can find a sweep and an entry on a fair value gap.

現在回到 5 分鐘圖上，看看我們能否在公允價值缺口上找到一個橫盤和入場點。

So here we are.

我們到了。

We get a little sweep of this 830 high, and then we displace lower, creating quite a large fair value gap.

我們在 830 點的高位稍作掃蕩，然後走低，形成一個相當大的公允價值缺口。

So getting our shift in structure here.

是以，我們的結構在這裡發生了轉變。

So with our sweep here and our shift in structure, we have a very aggressive displacement down.

是以，隨著我們在這裡的掃蕩和結構的轉變，我們有了一個非常積極的位移。

Now ideally, I don't want to see this met with displacement back up, because if we have expansion into expansion, it's likely to go higher.

現在，理想的情況是，我不希望看到這種情況遭遇位移回升，因為如果我們的擴張進入擴張期，它很可能會走高。

So I can either look to take an entry, either at a premium of this range, or at the consequent encroachment of this fair value gap, or I can let it start to trade away before I enter.

是以，我可以選擇在這一區間的溢價，或者在這一公允價值缺口隨之擴大時入場，或者在入場前讓它開始脫離交易。

In this case, we're going to just take an entry at the consequent encroachment, with my stop on this high, and then looking to target 2R.

在這種情況下，我們只需在隨後的蠶食中進場，我的止損點就在這個高點，然後尋找目標 2R。

There we are.

我們到了。

Let's see how this works out.

讓我們拭目以待。

And there we go, we hit 2R.

就這樣，我們擊中了 2R。

Zooming back out, let's go see if we run these lows, which was our draw on liquidity.

再放大一點，看看我們是否能跑到這些低點，這也是我們吸引流動資金的地方。

And we do go run those lows.

我們也確實經歷過這些谷底。

So if I was to leave runners, it would have worked out.

所以，如果我要離開跑步機，也是可行的。

However, I'm just interested in catching 2R with this model.

不過，我只是對用這種模型捕捉 2R 感興趣。

Now in this next example, I realize that not everyone can look to trade intraday, so we're going to go over a higher timeframe example.

在下一個例子中，我意識到不是每個人都能進行日內交易，是以我們將以更高的時間框架為例。

So if you remember from my important liquidity levels videos, previous candles high and low are important liquidity levels.

是以，如果你還記得我的重要流動性水準視頻，那麼之前的蠟燭高點和低點就是重要的流動性水準。

So you can see here, previous month's low is an important liquidity level.

由此可見，上個月的低點是一個重要的流動性水準。

From here, I'll drop down to the daily chart.

從這裡開始，我將下降到日線圖。

So here on the daily chart, you can see we took previous month's low before making a move higher, creating equal lows.

是以，在日線圖上，你可以看到我們在走高之前，已經跌破了上個月的低點，形成了相等的低點。

These equal lows are then ran out, and so what do we notice on the daily chart here?

這些相等的低點隨即被耗盡，那麼我們在日線圖上看到了什麼呢？

Well, we also have this kind of megaphone pattern here, which I'll talk about in a future video, but we have external liquidity, looking for where?

嗯，我們這裡還有這種傳聲筒模式，我會在以後的視頻中講到，但我們有外部流動性，在尋找哪裡？

Internal liquidity.

內部流動性。

And another thing you can notice is this is sitting right around discount of this range.

另外，你還可以注意到，它就在這個範圍的折扣附近。

So with that idea in mind, we'll drop down to the hourly chart and look for a shift in structure and then a fair value gap entry.

是以，考慮到這一想法，我們將下降到小時圖，尋找結構的轉變，然後尋找合理價值缺口的入口。

So if we're looking for a shift in structure, we have the down move here.

是以，如果我們要尋找結構上的變化，這裡就有向下的移動。

I want to see a market structure shift here and then a fair value gap entry.

我希望看到市場結構在這裡發生變化，然後出現合理的價值缺口。

So here we get a market structure shift, and what do we have right here?

是以，市場結構發生了變化，我們在這裡看到了什麼？

A fair value gap.

公平價值差距。

So looking to take an entry there, my stop on this low, and then looking to target 2R, which puts us right at these highs resting right below the fair value gap.

是以，我想在這裡進場，在這個低點止損，然後把目標鎖定在 2R，這將使我們處於這些高點的公允價值缺口的正下方。

Let's see how this works out.

讓我們拭目以待。

Takes a little bit of drawdown here.

這裡需要一點縮減。

And there we go.

我們走吧。

We go and hit our TP.

我們去打我們的 TP。

So this is a great example of moving timeframes around.

是以，這是一個很好的移動時間框架的例子。

If I can't trade intraday on the daily, hour, and five minute chart, I can move that up to the monthly, daily, and then hourly chart to get an entry for either a swing trade or just a larger timeframe where I don't have to watch intraday movement.

如果我無法在日線圖、小時圖和 5 分鐘圖上進行日內交易，我就可以將其上移到月線圖、日線圖和小時圖上，以便為波段交易或無需觀察日內走勢的更大時間框架獲得入場機會。

So here we are with another example on the higher timeframes, and what do we notice right here?

現在，我們再來看一個更高的時間框架上的例子，在這裡我們注意到了什麼？

We have internal liquidity or a higher timeframe level on the weekly chart.

在周線圖上，我們有內部流動性或更高的時間框架水準。

So I'm anticipating this to go internal liquidity to external liquidity or reach from this fair value gap to this high.

是以，我預計這將從內部流動性轉為外部流動性，或者從這個公允價值差距達到這個高度。

Now dropping down to the four hour chart from the weekly chart, what do I want to look for here?

現在從周線圖下降到四小時圖，我要在這裡尋找什麼？

Well, I could just use this as my entry timeframe and look for a shift in market structure and a fair value gap to then go higher, but I can also wait for internal to external on the four hour chart and then drop down lower for an entry.

好吧，我可以把這個時間段作為我的進場時間段，尋找市場結構的轉變和合理價值缺口，然後再走高，但我也可以在四小時圖上等待內部外部的變化，然後向下回落進場。

Let's see if we get that.

讓我們看看我們是否能做到。

So here, there's actually a few ways we could trade this, but we reach this external liquidity.

是以，在這裡，我們實際上有幾種方法可以進行交易，但我們要達到這種外部流動性。

Now we have internal liquidity.

現在，我們有了內部流動資金。

So I would anticipate price dropping down into this internal liquidity, but since it is against my higher timeframe bias, I would rather not trade this retracement, wait for the retracement to occur, and then trade the expansion out of this.

是以，我預計價格會跌入這種內部流動性，但由於這與我的高時間框架偏好相悖，我寧願不交易這種回調，等待回調出現，然後再交易這種擴張。

So let's see what the next candle does.

讓我們看看下一根蠟燭會做什麼。

Here we do get that move down.

在這裡，我們確實能完成這個動作。

Now that we're internal looking for external, let's drop down to the 15 minute chart looking for this move from the fair value gap to this high.

現在，我們在內部尋找外部，讓我們切換到 15 分鐘圖表，尋找從公允價值缺口到這一高點的移動。

Now that we're down here on the 15 minute chart, you can see we have that internal or our fair value gap reaching for the external high.

現在，我們在 15 分鐘圖表上向下看，你可以看到我們的內部或我們的公允價值缺口已經達到外部高點。

I'm anticipating this to be a market maker buy model.

我預計這是一種做市商買入模式。

Do we have a shift in market structure?

我們的市場結構是否發生了變化？

We do.

我們會的。

So now from here, I'm looking for a retracement to a fair value gap, which we do have right here.

是以，從這裡開始，我在尋找一個回調到公允價值缺口的機會，而我們現在就有這樣的機會。