📖The Book of YEET: A Trading Guide

Chapter 1: DeGenesis (Basic Trade Setup, Candle Analysis)

We are going to be making a detailed—extremely detailed—Trading Bible for those who want to grow. The first portion will be entertainment/meme/parables, and the second will be Education.

These editions of The YEET will be free. YEET Plus will get PDF outlines, workbooks, quizzes, and select videos.

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The Book of YEET

🌅Chapter 1: DeGenesis

In the beginning there was the word. And the word was Profits.

Everything was bright and everything was bullish, for the Lord was in his creative zenith IPO’ing new content on the regular. As He was debuting plants, animals, and the Earth itself, a Great Green Candle stayed aflame which indicated how pleased the creatures of Earth were with his latest gifts; it was a measure of prosperity, and the Kingdom was prosperous as hell.

‘Green is good.’ He often said.

His beloved first animal creations—Bull, Bear and Dolphin—would survey the land and sea about his coming products, and the positive sentiment they received would add to the flame of the Great Green Candle.

One day, while doing some surveys on a coming creation, Bear had an idea…

“Hey Bull—what if people don’t like ‘The Tree’?

Bull lifted an eyebrow.

“My Dear Brother Bear—you are clearly higher than Giraffe’s nuts. Look at this description—‘Tree’ is dope. He was saying we could have have shade, or make something called wood that makes fires, even build small desks—“

Bear stopped him.

‘—What if we make the Kingdom not like The Tree? We just, ya know, put out a little rumor that Tree isn’t all it’s cracked up to be. Then when He debuts it and it flops, we take more of the wood for ourselves, because there will be plenty of extra.’

“Bro did you even read the white paper? That’s not how forestry is going to work. This is why you suck at Settler’s…”

'THEN we can sell the trees later when they’re worth more, when people hear about Wood and the other stuff it can do…’

Dolphin had been swimming alongside the banks, and didn’t hate what she was hearing.

“I could lead a bunch of these water idiots downstream early for our weekly run to the banks. He just made fish, like, yesterday—they’ll all freak out. If The Kingdom thinks everything is in flux because of this…Tree debut..they’ll all get so panicked that they’ll start getting rid of other stuff.’

“And it will all be ours.”

And so the plan was set.

***

When the Creator of Heaven and Earth arose on Monday, He instructed his minions to begin the planting of the trees for the first time—if they distributed the seeds early enough, they’d have full trees by the eve.

“And we shall call these seed packets The Morning Wood.” He decreed.

And as all arose from their slumber to grab their Morning Wood, the Great Green Candle was expected to shine bright. Green smoke bellowed…then plumed…then fizzled. The Great Green Candle burned down to a wick rapidly, vanishing into the clay ground and emitting wisps of red smoke.

Nobody desired His Morning Wood—Trees were an epic failure. The first candle failure of The Almighty Lord Our Father’s epic Bull Run.

As he called upon his favorite creations for an explanation, the creatures of the water began their unplanned and unorganized downstream migration, causing great panic along the shores.

Birds fluttered and flew into each other before moving together North in a mass flock. Because nobody wanted the damned Morning Wood there were no trees—the cumulative gust vanished what red smoke was left of the Once Green Candle; it was now a kingdom in Darkness.

'AHHH MY F*CKING EYES’ — the Almighty Father’s Toshiba was now too bright in the early morning. He dimmed the device, and so Dark Mode was born.

It did not take long for God to spot Bear and his family in the woods surrounded by—literally—the only trees ever in existence. They had worked the Morning Wood until it grew big and strong. They marveled at the size of it, and how it was theirs alone.

An incensed God gathered the three and explained to them how the new market would work.

Now hardened from the cold morning, he shattered the remains of the Once Great Green Candle into a million Green and Red pieces.

You will now march through the entire kingdom, starting here at this month, surveying each animal from each species each hour. I will create a class of animal you must listen to even though they are stupid…celebrities.

He blew a mighty gust that cleared a horizontal line in the ground where they stood.

“If they enjoy the creation, they will get a green piece of candle. If they do not, they receive a red piece of clay.

Only when you’ve got nearly all green on a new creations survey, may you move to the monthly borders of the next species. For your punishment you will do this for every Creation of mine new and old for the rest of time— each hour a candle, and each month a new barrier to start over at again.

Dolphin—I’m going to make you survey all the creatures of the sea to see if they’re in agreement on new creations with the land, or if there is anomalous interest or disinterest in certain offerings. But I’m going to make you fat as f!ck so that it’s, like, really hard for you. I will now name your fat ass…whale.

Bitches.”

And so began the Market as humans would come to know it, and the way The YEET teaches to trade it; Bears and Bulls, endlessly trading one hour candles on monthly support and resistance. The fat, tricky Whale points out accounting discrepancies that indicate outsized interest or disinterest.

And so shall it be.

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📝Chapter 1 Learning: Key Settings, Candles Pt. 1, Horizontal Lines Pt. 1

Key Settings:

Timeframe, Planning: We plan our trades primarily on the Hourly Timeframe

Timeframes, Day Trades: While Day Trading we will also examine the 15 Minute Timeframe.

Timeframes, Additional Planning: When planning trades we will use the Daily Timeframe to look for gaps and other Price Action indicators, but it is not a primary tool.

Color Preferences: Use Dark Mode, but not just for the obvious reasons. When we eventually add weekly levels in WHITE, flipping from Dark to Light Mode will be an easy way to get a look at only monthly levels quickly.

Products: Unusual Whales for Flow. Trading View for charts. I don’t use Promo Codes for either, just go ahead and sign up.

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🕯Candles: The Basis of Price Action

The candle is the most important part of price action – it determines where the price is going and, most importantly, is a direct translation of how much money you have at the moment.

This, however, is not going to be a school for how to identify a bunch of different candles like Doji and such—I still don’t know the names and don’t need to. There are only a few things you need to know to use candles effectively.

1. This is a body.

2. This is a wick.

A wick is MOREimportant than a body when it comes to:

Trendlines:

Horizontal lines:

Bodies come into play during the close of a timeframe:

For example, using the above chart, we can see the body of a candle come just above a level we’ve marked, and close the hour there:

It will make more sense later, but at the CLOSE all that matters is where the body is when you’re in a day trade.

• So, for analyzing setups: on trendlines we use WICKS

• For analyzing setups: drawing levels we use WICKS

• For timeframe closes indicating a level’s validity during day trades, we use THE BODY CLOSE

💡Many people try to say bodies are the important part of the candle—many people are wrong.

This is because the wick is the true demonstration of sentiment. If a candle hits a level (which you’ll learn more about next issue) and gets a long wick up off of it, that means bulls bought aggressively at that level. The body is only where that action ended, but the wick tells us where it began, and that it was forceful.

🔮Wicks are your signal of coming Price Action:

Depending on the timeframe, a long wick upward means buyers are stepping in agressively, and a long wick downward means sellers are selling aggresively. So what can we deduce from that? We can expect that movement to have a continuation if not in the very next candle, in the next few. Rare will be the time where you see a long wick be the end of that direction of Price Action.

📅Horizontal Levels: The Monthly

The monthly horizontal level is the most important thing in price action as far as we’re concerned. By monthly level, I mean the following.

On the Monthly timeframe, the top and bottom of each wick. Each of those lines is a monthly level. So on the CRWD monthly this:

Each wick tip is a monthly level on each monthly candle—that means each month produces two monthly levels

Would become this for the two candles we arrow-marked:

Monthly levels by themselves can often provide all your needed support levels:

Hourly Timeframe: CRWD shows monthly support in both circles

And resistance levels:

Hourly Timeframe: SPY rejects a monthly level (red line)

This means that it can also be used for entries and targets effectively:

We will get more now they interplay more than the next edition, but for now your homework is the following:

1) Create Monthly Levels for SPY going back two years

2) Create Monthly Levels for ES going back two years

Each will take about 20-ish minutes—but once you’ve done it once you’ll never need to do it again.

📺Next Edition:

Intro to Flow

Candles and Levels continued

Here’s a bonus flow tutorial while you wait for the Flow Series to begin in earnest:

Think Like a Whale 1

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😎YEET Plus:

BTA Unusual Whales Flow Trade and Intro to Gliding Technique

ES/SPY Outlook