pov: you watched me reveal my best trading strategy | Decision Levels

About this video

• Video Title: pov: you watched me reveal my best trading strategy | Decision Levels
• Channel: Wick Sauce Ro
• Speakers: Not explicitly mentioned, but likely the creator of the channel.
• Duration: 01:15:32

Overview

This video explains the trading concept of "Decision Levels" and how to identify and utilize them in trading. The speaker defines decision levels as the most recent internal high or low before a major break of external market structure. The video covers distinguishing between internal and external market structure, the importance of decision levels, how they are derived from concepts like skiing, and provides numerous examples of how to trade them on charts, including when they fail.

Key takeaways

• Definition of Decision Level: The most recent internal high or low before a major break of external market structure.
• Internal vs. External Market Structure: Understanding the difference is crucial for identifying valid decision levels. External structure represents the overall trend, while internal structure occurs within it.
• Importance of Decision Levels: They are considered a highly important concept for traders, potentially more so than other "Wick Sauce" concepts.
• Trading Decision Levels: These levels are traded in the direction they were created. They are typically valid for the first test.
• Decision Level Failure: A decision level can fail if it's broken and then price moves against the expected direction, indicating a potential shift in market structure. The failed level can then become a new area of interest.
• "Third Time's the Charm" Principle: The speaker suggests that price levels tested multiple times (especially three or more) become weaker and more likely to break.
• Decision Levels as Edge: Decision levels are presented as a foundational concept that enhances other trading strategies (like ICT, Wick Sauce Concepts, Fibonacci, Fair Value Gaps) rather than a standalone strategy.